2025-09-12T15:49:18-05:00 2024-12-31 720398470 HEARD MCELROY & VESTAL LLC 333 TEXAS STREET SUITE 1525 SHREVEPORT LA 71101 990 2024-01-01 201024559 GREATER BOSSIER ECONOMIC DEVELOPMENT FOUNDATION GREA 3187426043 574 BOARDWALK BOULEVARD BOSSIER CITY LA 71111 DAVID ROCKETT JR EXECUTIVE DIRECTOR 3187426043 2025-08-15 1 0 JENNIFER M HILL P00712786 3184291525 2025-08-07 2024 2025-03-06 01:10:19Z DAVID ROCKETT JR 574 BOARDWALK BOULEVARD BOSSIER CITY LA 71111 550954 0 X WWW.GBEDF.ORG X 1979 LA THE MISSION OF THE GREATER BOSSIER ECONOMIC DEVELOPMENT FOUNDATION (GBEDF) IS TO MARKET THE BOSSIER COMMUNITY IN NORTHWEST LOUISIANA. BY MARKETING THIS AREA FOR BUSINESS AND TOURISM JOBS, WE HELP BUILD UP THE STATE'S ECONOMY AND IN TURN, KEEP OUR TAX BASE HEALTHY AND GROWING.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 TO DIVERSIFY OUR LOCAL ECONOMY. GBEDF PLACES EMPHASIS ON FUNDING PROJECTS AND INITIATIVES THAT CREATE JOBS FOR THE LOCAL ECONOMY. OUR COMMUNITY INVESTMENT IMPACTS WORKFORCE DEVELOPMENT, MANUFACTURING, QUALITY OF LIFE, INFRASTRUCTURE UPGRADES, AND ASSISTS BOSSIER'S RURAL COMMUNITIES IN ECONOMIC DEVELOPMENT. 18 18 2 20 0 0 500306 509509 0 0 18452 36945 4215 4500 522973 550954 80747 62975 0 0 238428 261698 0 0 0 191819 182646 510994 507319 11979 43635 1288834 1216088 285015 168634 1003819 1047454 X THE MISSION OF THE GREATER BOSSIER ECONOMIC DEVELOPMENT FOUNDATION (GBEDF) IS TO MARKET THE BOSSIER COMMUNITY IN NORTHWEST LOUISIANA. BY MARKETING THIS AREA FOR BUSINESS AND TOURISM JOBS, WE HELP BUILD UP THE STATE'S ECONOMY AND IN TURN, KEEP OUR TAX BASE HEALTHY AND GROWING. 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 5 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 18 18 1 0 0 0 1 0 0 1 1 0 0 1 0 0 0 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 IMMEDIATE PAST CHAIRMAN 1.00 X X 0 0 0 CHARLIE COYLE DIRECTOR 1.00 X 0 0 0 KILEY GRANT DIRECTOR 1.00 X 0 0 0 IAN MCELROY DIRECTOR 1.00 X 0 0 0 ADAM JOHNSTON VICE CHAIRMAN 1.00 X X 0 0 0 GARY HUBBARD CHAIRMAN 1.00 X X 0 0 0 JONATHAN REYNOLDS 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 ADVISORY APPOINTEE 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 145108 0 38923 145108 0 38923 1 0 1 0 0 50690 408819 50000 509509 36945 36945 MISCELLANEOUS 900099 4500 4500 4500 550954 4500 0 36945 62975 145108 37862 4170 60463 14095 770 17137 43679 22540 1190 42851 11400 2733 3969 2044 SPECIAL PROJECTS 26800 LEGISLATIVE MONITORING 6000 BAD DEBTS 1305 MISCELLANEOUS 228 507319 421426 450858 567074 597056 13100 1525 61191 57003 8157 4188 279077 162461 1288834 1216088 5938 6173 279077 162461 285015 168634 X 1003819 1047454 1003819 1047454 1288834 1216088 43635 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 13139 13139 0 24356 23749 607 23696 20115 3581 4188 LEASE RIGHT OF USE ASSET 162461 162461 X 550954 0 550954 0 550954 507319 0 507319 0 507319 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) 20000 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) 11610 0 TO SUPPORT MARDI GRAS EVENT IN WASHINGTON DC 2 1 X 0 0 X 0 0 0 DAVID R ROCKETT JR EXECUTIVE DIRECTOR 145108 0 0 0 0 0 0 0 38923 0 184031 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 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.