Friends Of Bayou Lafourche Inc
- Assets
- $137.0k
- Revenue
- $179.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Thibodaux, LA
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4119180
Organization Overview
Friends Of Bayou Lafourche Inc is located in Thibodaux, LA. The organization was established in 2017. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2022, Friends Of Bayou Lafourche Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Bayou Lafourche Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Friends Of Bayou Lafourche Inc generated $179.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $177.5k during the year ending 12/2022. While expenses have increased by 17.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE BAYOU LAFOURCHE
Describe the Organization's Program Activity:
PROMOTE BAYOU LAFOURCHE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sorbert President | Officer | 2 | $0 |
Justin Tenney Vice Pres | Officer | 2 | $0 |
Henry Templet Treasurer | Officer | 2 | $0 |
Kenneth Chadwick Secretary | Officer | 2 | $0 |
Stephanie Hebert Director | Trustee | 2 | $0 |
Carl Johnson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,503 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,672 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,421 |
| Total Program Service Revenue | $72,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,280 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,496 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,104 |
| Compensation of current officers, directors, key employees. | $22,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,128 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $710 |
| Total functional expenses | $177,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,958 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $136,958 |
| Accounts payable and accrued expenses | $29,906 |
| Grants payable | $0 |
| Deferred revenue | $4,400 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,306 |
| Net assets without donor restrictions | $90,709 |
| Net assets with donor restrictions | $11,943 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $136,958 |
Grants Awarded
Over the last fiscal year, Friends Of Bayou Lafourche Inc has awarded $78,443 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LAFOURCHE PARISH GOVERNMENT PURPOSE: Dock | $14,812 |
ASSUMPTION PARISH POLICE JURY PURPOSE: Trailhead | $63,631 |