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
67 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; $158K 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.
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Retail Job/Business Development Services
We assisted in and facilitated the development and opening of several businesses that are located in iberia parish. Examples include the development of a new alternative energy business (delta biofuel) that takes bagasse, a by-product of sugarcane, and turns it into pellets for burning.
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.
Business Retention and Expansion Services
We continue to assist aviation exteriors in expanding the lines of services they offer in new iberia to include aircraft interior overhaul, repair and maintenance. We are assisting ul lafayette in the upgrade of their bio-hazard lab facilities at the new iberia research campus.
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By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $331K | $356K |
| Land, buildings, equipmentLn 10c | $37K | $38K |
| Total assetsLn 16 | $421K | $447K |
| LiabilitiesLn 26 | $156K | $153K |
| Net assetsLn 32 | $265K | $294K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $167K | $150K | $17K | |
| Other salaries and wagesLn 7 | $101K | $44K | $57K | |
| Other employee benefitsLn 9 | $35K | $26K | $10K | |
| Payroll taxesLn 10 | $20K | $15K | $5K | |
| Accounting feesLn 11c | $13K | $13K | ||
| Advertising and promotionLn 12 | $4K | $4K | $500 | |
| Office expensesLn 13 | $10K | $6K | $5K | |
| OccupancyLn 16 | $6K | $6K | ||
| InterestLn 20 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $8K | $8K | ||
| InsuranceLn 23 | $9K | $4K | $5K | |
| Other expenses (24a–d)Ln 24 | $46K | $43K | $2K | |
| All other expensesLn 24e | $11K | $11K | ||
| Total functional expensesLn 25 | $435K | $291K | $144K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $525K | $474K | $52K | $346K | 990 PDF |
| FY2023 Viewing | $463K | $435K | $28K | $294K | 990 PDF |
| FY2022 | $418K | $389K | $28K | $265K | 990 PDF |
| FY2021 | $557K | $379K | $178K | $237K | 990 PDF |
| FY2020 | $355K | $332K | $23K | $59K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $463,248 across 8 lines filed
Part IX · Statement of functional expenses $434,818 across 13 lines filed
Part X · Balance sheet $446,534 assets, 14 lines filed
Part XI · Reconciliation of net assets $293,735 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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