Greater Bossier Economic Development Foundation

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The Greater Bossier Economic Development Foundation (gbedf) is the leadership organization for Economic Development in Bossier city and Bossier parish. Beyond our partnership with local governments we also support regional efforts sponsored by such organizations as the caddo/Bossier port, bio-medical research Foundation and the workforce Development programs at bpcc. The mission of the gbedf is to position Bossier to be competitive in securing new jobs and investment. We seek to place emphasis on infrastructure Development, assistance to bossier's rural communities, work force Development and regional quality of life issues.the gbedf also administers programs which assist with small business Development, financial assistance and legislative issues management.

Run by 21 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $39K a year · 7% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$145K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
25 mo
of spending, in cash
Looks good: 24.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$169K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$551K
+5% vs prior year
Spent
$507K
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$551K
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$436K
FY2021$561K
FY2022$539K
FY2023$523K
FY2024$551K
Expenses
$507K
FY2024▼ -0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$406K
FY2021$474K
FY2022$518K
FY2023$511K
FY2024$507K
Net assets
$1.0M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$883K
FY2021$971K
FY2022$992K
FY2023$1.0M
FY2024$1.0M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

19 people listed on the 990; $145K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$145,108Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Immediate Past Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

David R Rockett JR’s $145K as Executive Director is at the 89th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David R Rockett JR$145,108$152,745$157,950$150,000$144,893

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Greater Bossier Economic Development Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Drives economic growth by attracting jobs, investment, and supporting small businesses.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Support provided to barksdale forward. Barksdale forward works for the development and promotion of barksdale air force base by educating the public about the social, cultural, and economic benefits of barksdale air force base.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 13 grants · $258K · 2020–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$551K
Ln 12
Gifts and grantsLn 1h$510K
Investment incomeLn 3$37K
Other incomeLn 4–11$4K
Money outPt IX
$507K
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.2M
LiabilitiesLn 26$169K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$510K
Government grantsLn 1e$409K
Investment incomeLn 3$37K
Other incomeLn 4–11$4K
Total revenueLn 12$551K
Assets in detailPt X, end of year
CashLn 1$451K
SavingsLn 2$597K
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$162K
Total assetsLn 16$1.2M
LiabilitiesLn 26$169K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 51
VolunteersI 621
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$988K$1.0M
Land, buildings, equipmentLn 10c$8K$4K
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$285K$169K
Net assetsLn 32$1.0M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$63K
Pay of current officers, directors and key staffLn 5$145K
Other salaries and wagesLn 7$38K
Pension plan contributionsLn 8$4K
Other employee benefitsLn 9$60K
Payroll taxesLn 10$14K
Legal feesLn 11b$770
Accounting feesLn 11c$17K
Advertising and promotionLn 12$44K
Office expensesLn 13$23K
Information technologyLn 14$1K
OccupancyLn 16$43K
TravelLn 17$11K
Conferences, conventions and meetingsLn 19$3K
Depreciation, depletion and amortizationLn 22$4K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$34K
Total functional expensesLn 25$507K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $551K$507K$44K$1.0M 990 PDF
FY2023 $523K$511K$12K$1.0M 990 PDF
FY2022 $539K$518K$21K$992K 990 PDF
FY2021 $561K$474K$88K$971K 990 PDF
FY2020 $436K$406K$30K$883K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $550,954 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500,306$509,509
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $18,452$36,945
I-11 Other revenuePrior year $4,215$4,500
I-12 Total revenuePrior year $522,973$550,954
I-13 Grants and similar amounts paidPrior year $80,747$62,975
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $238,428$261,698
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $191,819$182,646
I-18 Total expensesPrior year $510,994$507,319
I-19 Revenue less expensesPrior year $11,979$43,635
Part VI · Governance 18 of 18 board members independent, 4 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $550,954 across 7 lines filed
VIII-1b Membership dues$50,690
VIII-1e Government grants$408,819
VIII-1f All other contributions, gifts and grants$50,000
VIII-1h Total contributions, gifts and grants$509,509
VIII-3 Investment incomeExcluded from tax $36,945$36,945
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,500$4,500
VIII-12 Total revenueRelated to mission $4,500 · Unrelated business $0 · Excluded from tax $36,945$550,954
Part IX · Statement of functional expenses $507,319 across 17 lines filed
IX-1 Grants to domestic organizations$62,975
IX-5 Pay of current officers, directors and key staff$145,108
IX-7 Other salaries and wages$37,862
IX-8 Pension plan contributions$4,170
IX-9 Other employee benefits$60,463
IX-10 Payroll taxes$14,095
IX-11b Legal fees$770
IX-11c Accounting fees$17,137
IX-12 Advertising and promotion$43,679
IX-13 Office expenses$22,540
IX-14 Information technology$1,190
IX-16 Occupancy$42,851
IX-17 Travel$11,400
IX-19 Conferences, conventions and meetings$2,733
IX-22 Depreciation, depletion and amortization$3,969
IX-23 Insurance$2,044
IX-24 Other expenses (24a–d)$34,333
IX-25 Total functional expenses$507,319
Part X · Balance sheet $1,216,088 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $421,426$450,858
X-2 Savings and temporary cash investmentsStart of year $567,074$597,056
X-4 Accounts receivableStart of year $13,100$1,525
X-10c Land, buildings and equipment, netStart of year $8,157$4,188
X-15 Other assetsStart of year $279,077$162,461
X-16 Total assetsStart of year $1,288,834$1,216,088
X-17 Accounts payable and accrued expensesStart of year $5,938$6,173
X-26 Total liabilitiesStart of year $285,015$168,634
X-27 Net assets without donor restrictionsStart of year $1,003,819$1,047,454
X-32 Total net assets or fund balancesStart of year $1,003,819$1,047,454
X-33 Total liabilities and net assetsStart of year $1,288,834$1,216,088
Part XI · Reconciliation of net assets $1,047,454 net assets at year end
XI-1 Total revenue$550,954
XI-2 Total expenses$507,319
XI-3 Revenue less expenses$43,635
XI-4 Net assets at start of year$1,003,819
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,047,454

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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