2024-11-15T11:17:54-06:00 2023-12-31 720398470 HEARD MCELROY & VESTAL LLC 333 TEXAS STREET SUITE 1525 SHREVEPORT LA 71101 990 2023-01-01 201024559 GREATER BOSSIER ECONOMIC DEVELOPMENT FOUNDATION GREA 3187426043 574 BOARDWALK BOULEVARD BOSSIER CITY LA 71111 DAVID ROCKETT JR EXECUTIVE DIRECTOR 3187426043 2024-11-01 1 0 JENNIFER M HILL P00712786 3184291525 2024-11-01 2023 2024-10-15 13:58:12Z DAVID ROCKETT JR 574 BOARDWALK BOULEVARD BOSSIER CITY LA 71111 522973 0 X WWW.GBEDF.ORG X 1979 LA 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. 19 18 2 20 0 0 532751 500306 0 0 1798 18452 4647 4215 539196 522973 55667 80747 0 0 213059 238428 0 0 0 249631 191819 518357 510994 20839 11979 1318899 1288834 327059 285015 991840 1003819 X 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. 0 0 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. OTHER PROGRAM SERVICES INCLUDE SUPPORT FOR: BOSSIER CHAMBER, SHREVEPORT-BOSSIER FILM OFFICE, BOSSIER ARTS COUNCIL, FILM PRIZE FOUNDATION, BPCC FOUNDATION, AND VARIOUS OTHER PROJECTS TO SUPPORT THE COMMUNITY. 0 1 0 1 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 19 18 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X X ROSS BARRETT 3187426043 574 BOARDWALK BOULEVARD BOSSIER CITY LA 71111 MIKE BOGGS DIRECTOR 1.00 X 0 0 0 JOHN BONOMO DIRECTOR 1.00 X 0 0 0 RAND FALBAUM DIRECTOR 1.00 X 0 0 0 JOHN MICHAEL MOORE CHAIRMAN 1.00 X X 0 0 0 CHARLIE COYLE ADVISORY APPOINTEE 1.00 X X 0 0 0 PERCY HUBBARD DIRECTOR 1.00 X 0 0 0 IAN MCELROY DIRECTOR 1.00 X 0 0 0 ADAM JOHNSTON DIRECTOR 1.00 X 0 0 0 GARY HUBBARD VICE CHAIRMAN 1.00 X X 0 0 0 NICOLE WILHITE DIRECTOR 1.00 X 0 0 0 DOUG ROGERS DIRECTOR 1.00 X 0 0 0 MARGARET SHEHEE DIRECTOR 1.00 X 0 0 0 DON UPDEGRAFF DIRECTOR 1.00 X 0 0 0 TOMMY BOGGS DIRECTOR 1.00 X 0 0 0 ROSS BARRETT SECRETARY TREASURER 1.00 X X 0 0 0 LANCE MOSLEY DIRECTOR 1.00 X 0 0 0 CARLTON GOLDEN IMMEDIATE PAST CHAIRMAN 1.00 X X 0 0 0 TIM WILHITE DIRECTOR 1.00 X 0 0 0 DAVID R ROCKETT JR EXECUTIVE DIRECTOR 40.00 X 152745 0 38555 152745 0 38555 1 0 1 0 0 46375 453931 500306 18452 18452 MISCELLANEOUS 900099 4215 4215 4215 522973 4215 0 18452 80747 152745 19005 4170 49271 13237 5176 39095 46181 26992 1330 37398 11400 2404 12 4012 2018 LEGISLATIVE MONITORING 6000 BAD DEBTS 4700 MISCELLANEOUS 2851 SPECIAL PROJECTS 2250 510994 671934 421426 300000 567074 14099 13100 61191 53034 12169 8157 320697 279077 1318899 1288834 662 5938 326397 279077 327059 285015 X 991840 1003819 991840 1003819 1318899 1288834 11979 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 13139 13139 0 24356 21315 3041 23696 18580 5116 8157 LEASE RIGHT OF USE ASSET 279077 279077 X 522973 0 522973 0 522973 510994 0 510994 0 510994 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES IN THESE FINANCIAL STATEMENTS, HOWEVER, THE FOUNDATION IS REQUIRED TO FILE AN ANNUAL INFORMATION TAX RETURN. THE FOUNDATION IS REQUIRED TO REVIEW VARIOUS TAX POSITIONS IT HAS TAKEN WITH RESPECT TO ITS EXEMPT STATUS AND DETERMINING WHETHER IN FACT IT CONTINUES TO QUALIFY AS A TAX EXEMPT ENTITY. IT MUST ALSO CONSIDER WHETHER IT HAS NEXUS IN JURISDICTIONS IN WHICH IT HAS INCOME AND WHETHER A TAX RETURN IS REQUIRED IN THOSE JURISDICTIONS. IN ADDITION, AS A TAX EXEMPT ENTITY, THE FOUNDATION MUST ASESS WHETHER IT HAS ANY TAX POSITIONS ASSOCIATED WITH UNRELATED BUSINESS INCOME SUBJECT TO INCOME TAX. THE FOUNDATION DOES NOT EXPECT ANY OF THESE TAX POSITIONS TO CHANGE SIGNIFICANTLY OVER THE NEXT TWELVE MONTHS. ANY PENALTIES RELATED TO LATE FILING OR OTHER REQUIREMENTS WOULD BE RECOGNIZED AS PENALTIES EXPENSE IN THE FOUNDATION'S ACCOUNTING RECORDS. THE FOUNDATION IS REQUIRED TO FILE U.S. FEDERAL FORM 990 FOR INFORMATIONAL PURPOSES. ITS FEDERAL INCOME TAX RETURNS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THERE ARE NO EXAMINATIONS CURRENTLY IN PROCESS. 1 BARKSDALE FORWARD PO BOX 625 SHREVEPORT LA 711620625 721268137 501(C)(3) 40000 0 GENERAL SUPPORT FOR THE ORGANIZATION AND SUPPORT FOR THE AIR SHOW INDEPENDENCE BOWL FOUNDATION PO BOX 1723 SHREVEPORT LA 71166 720927228 501(C)(3) 20000 0 TO SUPPORT THE INDY BOWL SHREVEPORT-BOSSIER WASHINGTON MARDI GRAS PO BOX 962 SHREVEPORT LA 71163 721251999 501(C)(6) 10100 0 TO SUPPORT MARDI GRAS EVENT IN WASHINGTON DC 2 1 X 0 0 X 0 0 0 DAVID R ROCKETT JR EXECUTIVE DIRECTOR 152745 0 0 0 0 0 0 0 38555 0 191300 0 0 0 PART I, LINE 1A THE EXPENSE ABOVE IS BUDGETED. THE EXECUTIVE COMMITTEE INITIALLY APPROVES THE BUDGETED EXPENSE, AND THE FULL BOARD APPROVES THE ANNUAL BUDGET. FORM 990, PART VI, SECTION A, LINE 2 THERE IS A FAMILY RELATIONSHIP BETWEEN SOME OF THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. MEMBERS ARE BUSINESS LEADERS AND OTHER INDIVIDUALS FROM THE COMMUNITY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PROVIDED TO THE BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OVERSEES THE POLICIES AND REVIEWS TRANSACTIONS OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS MADE AWARE OF SALARY COMPARABILITY DATA FROM OTHER FOUNDATIONS. SALARIES OF ALL EMPLOYEES ARE DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS. THE BOARD APPROVES THE BUDGET FOR THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS NOT CHANGED THE PROCESS FROM THE PRIOR YEAR.