2025-11-17T15:22:07-06:00 2024-12-31 923320348 EAG GULF COAST LLC 400 EAST KALISTE SALOOM ROAD STE 7100 LAFAYETTE LA 70508 990 2024-01-01 721027792 IBERIA INDUSTRIAL DEVELOPMENT FOUNDATION IBER 3373670834 101 BURKE STREET NEW IBERIA LA 70560 MICHAEL TARANTINO PRESIDENT AND CEO 3373670834 2025-11-13 1 1 DAVID EDMOND P01086254 3372348431 2025-11-13 2024 2025-03-06 01:10:19Z MICHAEL TARANTINO 101 BURKE STREET NEW IBERIA LA 70560 542090 0 X WWW.IBERIABIZ.ORG X 1994 LA PROMOTE INDUSTRIAL AND ECONOMIC DEVELOPMENT FOR EXISTING COMPANIES AND RECRUIT ADDITIONAL INDUSTRIES TO LOCATE IN IBERIA PARISH. 21 20 3 0 0 0 52750 57000 413462 472497 1182 8093 -4146 -12106 463248 525484 0 0 0 0 322706 344235 0 0 0 112112 129364 434818 473599 28430 51885 446534 494744 152799 149124 293735 345620 X PROMOTE INDUSTRIAL AND ECONOMIC DEVELOPMENT FOR EXISTING COMPANIES AND RECRUIT ADDITIONAL INDUSTRIES TO LOCATE IN IBERIA PARISH. 0 0 113725 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 500,000 SQ FT WAREHOUSE FACILITY FOR FIRST SOLAR, A SOLAR PANEL MANUFACTURING PLANT. THE FIRST SOLAR LOCATION PROJECT WE ASSISTED ON JUST HELD THEIR GRAND OPENING/INAUGURATION. THEY HAVE HIRED A TOTAL OF 750 EMPLOYEES OVER THE LAST YEAR. WE HAVE CONTINUED TO ASSIST WITH THE DEVELOPMENT AND CONSTRUCTION OF A NEW BED AND BREAKFAST BUSINESS IN NEW IBERIA, "THE BAITS MOTEL", A NINE-ROOM 50+MOTOR HOTEL LOCATED ON BAYOU TECHE. THE NEW BUSINESSES WE ASSISTED HAVE CREATED OVER 1,300 NEW JOBS IN IBERIA PARISH. 69047 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 CONTINUING TO ASSIST UL LAFAYETTE IN THE UPGRADE OF THEIR BIO-HAZARD LAB FACILITIES AT THE NEW IBERIA RESEARCH CAMPUS. IN ADDITION, WE ARE WORKING CLOSELY WITH THEM IN THE DEVELOPMENT AND CONSTRUCTION OF A NEW TECHNICAL CAMPUS AND GMP MANUFACTURING FACILITY AT PROGRESS POINT BUSINESS PARK. CONSTRUCTION ON THE BIO-HAZARD LAB IS ALMOST COMPLETE, AND THE DESIGN AND PRELIMINARY CONSTRUCTION TESTING ON THE PROPERTY FOR THE TECHNICAL CAMPUS AND GMP MANUFACTURING FACILITY SHOULD START SHORTLY AFTER THE FIRST OF THE YEAR. ANTICIPATED NET NEW JOBS CREATED DUE TO EXPANSION AND RETENTION: 562. 80927 INDUSTRIAL PARK SUPPORT, MARKETING AND DEVELOPMENT SERVICES: WE CONTINUE TO DEVELOP AND DISTRIBUTE 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. WE MARKETED AVAILABLE SITES AND BUILDINGS THROUGH VIRTUAL TRADE SHOWS, WEB BASED SITES DIRECT MAILING TO REAL ESTATE AND SITE SELECTION FIRMS AND RESPONSES TO REQUESTS FOR LOUISIANA ECONOMIC DEVELOPMENT AND REGIONAL ECONOMIC DEVELOPMENT AGENCIES. WE ASSISTED IN THE CERTIFICATION OF TWO NEW CERTIFIED SITES AT ACADIANA REGIONAL AIRPORT INCREASING MARKETING CAPACITY. 36045 MISCELLANEOUS VARIOUS OTHER PROGRAM SERVICES 36045 299744 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 3 1 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X X MICHAEL TARANTINO 3373670834 101 BURKE STREET NEW IBERIA LA 70560 MICHAEL TARANTINO PRESIDENT/CEO 40.00 X X 172647 0 20004 CHAD COURTOIS EXEC. COMMITTEE AT LARGE 2.00 X X 0 0 0 KRISTIE MCMATH-HEBERT PAST CHAIRMAN 2.00 X X 0 0 0 KOREY KIMBALL CHAIRMAN 2.00 X X 0 0 0 FRAN HENDERSON SECRETARY/TREASURER 2.00 X X 0 0 0 DENISE BROUSSARD VICE CHAIRMAN 2.00 X X 0 0 0 MAURICE MO SONGY PUBLIC SEAT 1.00 X 0 0 0 ANDREE SCHLICHER PUBLIC SEAT 1.00 X 0 0 0 TAMMY GORDON PUBLIC SEAT 1.00 X 0 0 0 MARCUS BROUSSARD PUBLIC SEAT 1.00 X 0 0 0 LARRY RICHARD PUBLIC SEAT 1.00 X 0 0 0 HEATH HULIN PUBLIC SEAT 1.00 X 0 0 0 RICKY GONSOULIN PUBLIC SEAT 1.00 X 0 0 0 FREDDIE DECOURT PUBLIC SEAT 1.00 X 0 0 0 CRAIG ROMERO PUBLIC SEAT 1.00 X 0 0 0 DAVID O PUBLIC SEAT 1.00 X 0 0 0 MICKEY BELLOTT MEMBER-AT-LARGE 1.00 X 0 0 0 DIONNE VIATOR MEMBER-AT-LARGE 1.00 X 0 0 0 TOMMY HEBERT MEMBER-AT-LARGE 1.00 X 0 0 0 MIKE FLASH MEMBER-AT-LARGE 1.00 X 0 0 0 BRETT BERARD MEMBER-AT-LARGE 1.00 X 0 0 0 CAROL BOURGEOIS JR PUBLIC SEAT 1.00 X 0 0 0 PAM BLAKELY PUBLIC SEAT 1.00 X 0 0 0 BRAD CLIFTON PUBLIC SEAT 1.00 X 0 0 0 172647 0 20004 1 0 0 0 0 41000 16000 4000 57000 HOTEL/MOTEL TAX 900099 259497 259497 SPECIAL PROJECTS - IED 900099 102000 102000 SPECIAL PROJECTS - IPG 900099 67000 67000 TOURIST COMMISSION CEA 900099 44000 44000 472497 8093 8093 4500 16606 -12106 -12106 -12106 525484 472497 0 -4013 170527 153474 17053 110824 46833 63991 41074 30846 10228 21810 14856 6954 10510 10510 4285 4200 85 6812 4663 2149 5048 5048 4072 4072 4591 4591 8733 4997 3736 REPAIRS AND MAINTENANCE 40185 40185 SPECIAL PROJECTS 12985 11978 1007 BUSINESS DEVELOPMENT 11638 11638 TELEPHONE EXPENSE 10138 9138 1000 10367 7121 3246 473599 299744 173855 0 175043 182634 180942 189021 23727 49083 17267 20854 247460 202594 38009 44866 11546 8286 446534 494744 2630 2575 450 450 149719 146099 152799 149124 X 293735 345620 293735 345620 446534 494744 51885 0 X X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 11000 11000 171436 137570 33866 65024 65024 0 44866 X PART X, LINE 2: NOTES TO REVIEWED FINANCIAL STATEMENTS: THE FOUNDATION IS AN EXEMPT ORGANIZATION FOR FEDERAL INCOME TAX PURPOSES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE FOUNDATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE FOUNDATION WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. GENERALLY, THE FOUNDATION'S TAX RETURNS REMAIN OPEN FOR THREE YEARS FOR FEDERAL AND STATE INCOME TAX EXAMINATION WHICH IS 2021 AND AFTER. 0 0 0 MICHAEL TARANTINO PRESIDENT/CEO 162127 0 0 0 10520 0 0 0 20004 0 192651 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B PRESIDENT/CEO REVIEWS THE 990 BEFORE SIGNING. THE RETURN IS NOT REVIEWED BY OTHER BOARD MEMBERS UNLESS REQUESTED. FORM 990, PART VI, SECTION B, LINE 12C EXECUTIVE COMMITTEE, BOARD MEMBERS, AND KEY EMPLOYEES DISCLOSURE RELATED PARTIES, BUSINESS INTERESTS, AND ANY POSSIBLE CONFLICTS OF INTEREST. THESE DISCLOSURES ARE REVIEWED ANNUALLY BY THE PRESIDENT AND CHAIRMAN. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE PRESIDENT/CEO IS REVIEWED AND DETERMINED BY THE EXECUTIVE COMMITTEE ANNUALLY, BASED ON PERFORMANCE AND OTHER QUALITATIVE FACTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. REVIEWED FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION ON THE LOUISIANA LEGISLATIVE AUDITOR'S WEBSITE. FORM 990, PART XII, LINE 2C-OVERSIGHT/SELECTION PROCESS OF AUDIT THE REVIEWERS OF THE FINANCIAL STATEMENTS FOR THE TAX YEAR WERE EISNERAMPER LLP. THIS IS THE SAME FIRM ENGAGED IN THE PRIOR YEAR. IN ACCORDANCE WITH THE STATE OF LOUISIANA AUDIT GUIDE, THE LEVEL OF LOUISIANA PUBLIC FUNDS RECEIVED BY THE FOUNDATION DURING 2024 REQUIRED A REVIEW AND AGREED-UPON PROCEDURES ENGAGEMENT (THE SAME LEVEL OF SERVICE THE FOUNDATION HAD IN THE PRIOR YEAR).