2025-02-03T14:04:46-06:00 2023-12-31 923320348 EAG GULF COAST LLC 400 EAST KALISTE SALOOM ROAD STE 7100 LAFAYETTE LA 70508 990 2023-01-01 721027792 IBERIA INDUSTRIAL DEVELOPMENT FOUNDATION IBER 3373670834 101 BURKE STREET NEW IBERIA LA 70560 MICHAEL TARANTINO PRESIDENT AND CEO 3373670834 2025-02-03 1 0 DAVID EDMOND P01086254 3372348431 2025-02-03 2023 2025-03-06 01:10:19Z MICHAEL TARANTINO 101 BURKE STREET NEW IBERIA LA 70560 471894 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 49250 52750 369185 413462 8 1182 -664 -4146 417779 463248 0 0 0 0 271624 322706 0 0 0 117806 112112 389430 434818 28349 28430 421218 446534 155913 152799 265305 293735 X PROMOTE INDUSTRIAL AND ECONOMIC DEVELOPMENT FOR EXISTING COMPANIES AND RECRUIT ADDITIONAL INDUSTRIES TO LOCATE IN IBERIA PARISH. 0 0 101814 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. WE ASSISTED IN THE LOCATION OF FIRST SOLAR, A SOLAR PANEL MANUFACTURING PLANT ($1.6B PROJECT). WE ALSO ADDITIVE INNOVATORS, ANINDUSTRIAL 3D PRINTING COMPANY, LOCATE TO IBERIA PARISH. 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. 66243 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. 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. 77120 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. 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 ONE NEW CERTIFIED SITE AT ACADIANA REGIONAL AIRPORT INCREASING MARKETING CAPACITY. 45954 MISCELLANEOUS VARIOUS OTHER PROGRAM SERVICES 45954 291131 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 158111 0 17706 CHAD COURTOIS PAST CHAIRMAN 2.00 X X 0 0 0 KRISTIE MCMATH-HEBERT CHAIRMAN 2.00 X X 0 0 0 KOREY KIMBALL VICE CHAIRMAN 2.00 X X 0 0 0 FRAN HENDERSON SECRETARY/TREASURER 2.00 X X 0 0 0 DENISE BROUSSARD EXEC. COMMITTEE AT LARGE 2.00 X X 0 0 0 MAURICE MO SONGY PUBLIC SEAT 1.00 X 0 0 0 LENNIE FIELDS PUBLIC SEAT 1.00 X 0 0 0 TAMMY GORDON PUBLIC SEAT 1.00 X 0 0 0 PAUL LANDRY 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 JIMMY CHAMPAGNE 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 158111 0 17706 1 0 0 0 0 36750 16000 4500 52750 HOTEL/MOTEL TAX 900099 196462 196462 SPECIAL PROJECTS - IED 900099 102000 102000 SPECIAL PROJECTS - IPG 900099 67000 67000 TOURIST COMMISSION CEA 900099 48000 48000 413462 1182 1182 4500 8646 -4146 -4146 -4146 463248 413462 0 -2964 166511 149860 16651 100827 43696 57131 35412 25855 9557 19956 15376 4580 13000 13000 4302 3802 500 10360 5801 4559 6185 6185 4170 4170 8304 8304 8910 3592 5318 BUSINESS DEVELOPMENT 17613 17613 TELEPHONE EXPENSE 10133 9133 1000 SPECIAL PROJECTS 9091 8481 610 DUES AND SUBSCRIPTIONS 8802 7922 880 11242 11242 434818 291131 143687 0 301235 175043 29778 180942 24318 23727 14146 17267 238860 200851 36935 38009 14806 11546 421218 446534 2222 2630 450 450 153241 149719 155913 152799 X 265305 293735 265305 293735 421218 446534 28430 0 X X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 11000 11000 162836 135827 27009 65024 65024 0 38009 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 2020 AND AFTER. 0 0 0 MICHAEL TARANTINO PRESIDENT/CEO 148100 0 0 0 10011 0 0 0 17706 0 175817 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 2023 REQUIRED A REVIEW AND AGREED-UPON PROCEDURES ENGAGEMENT (THE SAME LEVEL OF SERVICE THE FOUNDATION HAD IN THE PRIOR YEAR).