Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1986.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
70 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
24 people listed on the 990; $135K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Michael Tarantino | $172,647 | $158,111 | $149,059 | $134,623 | $137,642 |
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.
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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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Attracts and grows businesses to boost local jobs and the economy.
Questions for Iberia Industrial Development Sfoundation
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Business Retention and Expansion Services
We assisted aviation exteriors in retaining their workforce and iberia parish location after being bought by a new company. The new owners are in the process of expanding the lines of services they offer in new iberia to include aircraft interior maintenance and rehab.
Industrial Park Support, Marketing and Development Services
We developed and distributed information on available properties and commercial buildings located in iberia parish, including those located at the port of iberia, acadiana regional airport, progress point business park and general properties around the parish.
Job/Business Development Services
We assisted in and facilitated the development and opening of many businesses that located in iberia parish. Examples include the development of a new outparcel at the "shops in new iberia" shopping center, which includes crust pizza, mattress firm and 2 other new businesses, yet to be determined.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $129K | $258K |
| Land, buildings, equipmentLn 10c | $50K | $44K |
| Total assetsLn 16 | $214K | $397K |
| LiabilitiesLn 26 | $154K | $160K |
| Net assetsLn 32 | $59K | $237K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $143K | $114K | $29K | |
| Other salaries and wagesLn 7 | $55K | $38K | $17K | |
| Other employee benefitsLn 9 | $32K | $22K | $10K | |
| Payroll taxesLn 10 | $15K | $15K | ||
| Accounting feesLn 11c | $7K | $7K | ||
| Advertising and promotionLn 12 | $5K | $5K | $500 | |
| Office expensesLn 13 | $9K | $7K | $3K | |
| OccupancyLn 16 | $5K | $5K | ||
| InterestLn 20 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $5K | $5K | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $86K | $75K | $11K | |
| All other expensesLn 24e | $7K | $4K | $3K | |
| Total functional expensesLn 25 | $379K | $264K | $115K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $525K | $474K | $52K | $346K | 990 PDF |
| FY2023 | $463K | $435K | $28K | $294K | 990 PDF |
| FY2022 | $418K | $389K | $28K | $265K | 990 PDF |
| FY2021 Viewing | $557K | $379K | $178K | $237K | 990 PDF |
| FY2020 | $355K | $332K | $23K | $59K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $556,634 revenue, 12 lines filed
Part VI · Governance 20 of 21 board members independent, 2 to look at
Part VIII · Statement of revenue $556,634 across 8 lines filed
Part IX · Statement of functional expenses $379,055 across 13 lines filed
Part X · Balance sheet $397,335 assets, 13 lines filed
Part XI · Reconciliation of net assets $236,956 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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