Nonprofit · EIN 58-1641910
COLAB FOUNDATION INC
Tax-exempt · THIBODAUX, LA 70301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,196,723 | $1,179,875 | $16,848 | $611,081 | $165,784 | $445,297 |
| December 31, 2023 | 990 | $1,177,239 | $1,059,824 | $117,415 | $511,759 | $83,310 | $428,449 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,196,663
- of which government grants
- $1,028,256
- Membership dues
- $99,722
- Program service revenue
- $0
- Investment income
- $60
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $27,939
- Other salaries and wages
- $393,561
- Salaries, compensation and benefits (total)
- $424,002
- Professional fundraising fees
- $0
- Travel
- $54,467
- Depreciation
- $14,223
- Program services (functional)
- $968,335
- Management and general (functional)
- $211,540
Balance sheet and other
- Total assets, start of year
- $511,759
- Total assets, end of year
- $611,081
- Total liabilities, end of year
- $165,784
- Net assets, end of year
- $445,297
- Land, buildings and equipment
- $52,433
- Net assets without donor restrictions
- $288,288
- Net assets with donor restrictions
- $157,009
- Gross receipts
- $1,196,723
- Employees
- 13
- Year formed
- 1984
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VIC LAFONT | PRESIDENT/CE Trustee or director, Officer | 40 | $110,149 |
| CHRISTY NAQUIN | PRESIDENT/CE Trustee or director, Officer | 40 | $23,077 |
| CHETT CHIASSON | CHAIRMAN Trustee or director, Officer | – | $0 |
| MARGUERITE ERWIN | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| BART FOLSE | BOARD MEMBER Trustee or director | – | $0 |
| MARILYN MACIK-FREY | SECRETARY/TR Trustee or director, Officer | – | $0 |
| SCOTT MELANCON | BOARD MEMBER Trustee or director | – | $0 |
| MATTHEW NEWCHURCH | BOARD MEMBER Trustee or director | – | $0 |
| STEVIE SMITH | BOARD MEMBER Trustee or director | – | $0 |
| KRISTINE STRICKLAND | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VIC LAFONT | PRESIDENT/CE Trustee or director, Officer | – | $0 |
| SCOTT MELANCON | CHAIRMAN Trustee or director, Officer | – | $0 |
| DR KEN RACHAL | SECRETARY/TR Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 322 AUDUBON AVE, THIBODAUX, LA 70301-3643
- Principal officer (990 for 2024)
- CHRISTY NAQUIN, 283 KLEINPETER DR, THIBODAUX, LA 70301
- Signed the 990
- CHRISTY NAQUIN, PRESIDENT/CEO
- Phone
- (985) 448-4485
- Website
- WWW.BAYOUREGION.COM
- Return prepared by
- T S KEARNS & CO CPA
Mission
ECONOMIC DEVELOPMENT
Program accomplishments
- PROMOTION OF ECONOMIC DEVELOPMENT BY ENCOURAGING AREA INDUSTRIES TO EXPAND AND ENTICE INDUSTRY FROM OUT-OF-AREA TO LOCATE IN SOUTH LOUISIANA, TECHNICAL TRAINING FOR EXISTING AND NEW BUSINESSES, AND PROMOTION OF LOUISIANA BUSINESSES IN MEDIA.Expenses $968,335 · grants $27,939
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1641910
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $611,081
- Income (IRS master file)
- $1,196,723
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,196,723 | $1,179,875 | $611,081 | XML |
| 990 | December 2023 | $1,177,239 | $1,059,824 | $511,759 | XML |
| 990 | December 2022 | $877,153 | $785,571 | $487,426 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1641910).
Questions about COLAB FOUNDATION INC
- What is the EIN of COLAB FOUNDATION INC?
- The employer identification number (EIN) of COLAB FOUNDATION INC is 58-1641910.
- Is COLAB FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to COLAB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COLAB FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COLAB FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COLAB FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COLAB FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names CHRISTY NAQUIN.
- Who are the officers and directors of COLAB FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $110,149 (VIC LAFONT, PRESIDENT/CE).
- How much revenue does COLAB FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,196,723, expenses of $1,179,875 and total assets of $611,081 at year end.
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