Nonprofit · EIN 72-1027792
IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION
Tax-exempt · NEW IBERIA, LA 70560
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $525,484 | $473,599 | $51,885 | $494,744 | $149,124 | $345,620 |
| December 31, 2023 | 990 | $463,248 | $434,818 | $28,430 | $446,534 | $152,799 | $293,735 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $57,000
- of which government grants
- $16,000
- Membership dues
- $41,000
- Program service revenue
- $472,497
- Investment income
- $8,093
- Net rental income
- -$12,106
- Other revenue
- -$12,106
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $170,527
- Other salaries and wages
- $110,824
- Salaries, compensation and benefits (total)
- $344,235
- Professional fundraising fees
- $0
- Accounting fees
- $10,510
- Occupancy
- $5,048
- Depreciation
- $4,591
- Program services (functional)
- $299,744
- Management and general (functional)
- $173,855
Balance sheet and other
- Total assets, start of year
- $446,534
- Total assets, end of year
- $494,744
- Total liabilities, end of year
- $149,124
- Net assets, end of year
- $345,620
- Land, buildings and equipment
- $44,866
- Net assets without donor restrictions
- $345,620
- Gross receipts
- $542,090
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1994
- 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 | Other / benefits |
|---|---|---|---|---|
| MICHAEL TARANTINO | PRESIDENT/CEO Trustee or director, Officer | 40 | $172,647 | $20,004 |
| CHAD COURTOIS | EXEC. COMMITTEE AT LARGE Trustee or director, Officer | 2 | $0 | $0 |
| KRISTIE MCMATH-HEBERT | PAST CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| KOREY KIMBALL | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| FRAN HENDERSON | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DENISE BROUSSARD | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| MAURICE MO SONGY | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| ANDREE SCHLICHER | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| TAMMY GORDON | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| MARCUS BROUSSARD | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| LARRY RICHARD | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| HEATH HULIN | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| RICKY GONSOULIN | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| FREDDIE DECOURT | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| CRAIG ROMERO | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID O | PUBLIC SEAT Trustee or director | 1 | $0 |
| MICKEY BELLOTT | MEMBER-AT-LARGE Trustee or director | 1 | $0 |
| DIONNE VIATOR | MEMBER-AT-LARGE Trustee or director | 1 | $0 |
| TOMMY HEBERT | MEMBER-AT-LARGE Trustee or director | 1 | $0 |
| MIKE FLASH | MEMBER-AT-LARGE Trustee or director | 1 | $0 |
| BRETT BERARD | MEMBER-AT-LARGE Trustee or director | 1 | $0 |
| CAROL BOURGEOIS JR | PUBLIC SEAT Trustee or director | 1 | $0 |
| PAM BLAKELY | PUBLIC SEAT Trustee or director | 1 | $0 |
| BRAD CLIFTON | PUBLIC SEAT Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL TARANTINO | PRESIDENT/CEO Trustee or director, Officer | 40 | $158,111 | $17,706 |
| CHAD COURTOIS | PAST CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| KRISTIE MCMATH-HEBERT | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| KOREY KIMBALL | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| FRAN HENDERSON | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DENISE BROUSSARD | EXEC. COMMITTEE AT LARGE Trustee or director, Officer | 2 | $0 | $0 |
| MAURICE MO SONGY | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| LENNIE FIELDS | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| TAMMY GORDON | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| PAUL LANDRY | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| LARRY RICHARD | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| HEATH HULIN | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| RICKY GONSOULIN | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| FREDDIE DECOURT | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| CRAIG ROMERO | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| JIMMY CHAMPAGNE | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| MICKEY BELLOTT | MEMBER-AT-LARGE Trustee or director | 1 | $0 | $0 |
| DIONNE VIATOR | MEMBER-AT-LARGE Trustee or director | 1 | $0 | $0 |
| TOMMY HEBERT | MEMBER-AT-LARGE Trustee or director | 1 | $0 | $0 |
| MIKE FLASH | MEMBER-AT-LARGE Trustee or director | 1 | $0 | $0 |
| BRETT BERARD | MEMBER-AT-LARGE Trustee or director | 1 | $0 | $0 |
| CAROL BOURGEOIS JR | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| PAM BLAKELY | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
| BRAD CLIFTON | PUBLIC SEAT Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 BURKE ST, NEW IBERIA, LA 70560-3703
- Principal officer (990 for 2024)
- MICHAEL TARANTINO, 101 BURKE STREET, NEW IBERIA, LA 70560
- Signed the 990
- MICHAEL TARANTINO, PRESIDENT AND CEO
- Phone
- (337) 367-0834
- Website
- WWW.IBERIABIZ.ORG
- Return prepared by
- EAG GULF COAST LLC
Mission
PROMOTE INDUSTRIAL AND ECONOMIC DEVELOPMENT FOR EXISTING COMPANIES AND RECRUIT ADDITIONAL INDUSTRIES TO LOCATE IN IBERIA PARISH.
Program accomplishments
- 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.Expenses $113,725
- 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.Expenses $69,047
- 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.Expenses $80,927
- MISCELLANEOUS VARIOUS OTHER PROGRAM SERVICESExpenses $36,045
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
- 72-1027792
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $494,744
- Income (IRS master file)
- $542,090
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $525,484 | $473,599 | $494,744 | XML |
| 990 | December 2023 | $463,248 | $434,818 | $446,534 | XML |
| 990 | December 2022 | $417,779 | $389,430 | $421,218 | 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 72-1027792).
Questions about IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION
- What is the EIN of IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION?
- The employer identification number (EIN) of IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION is 72-1027792.
- Is IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1986.
- Are donations to IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION 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 IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION 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 IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION 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 IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION?
- The 990 for the year ended December 31, 2024 names MICHAEL TARANTINO.
- Who are the officers and directors of IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION?
- The 990 for the year ended December 31, 2024 lists 24 people; 1 received compensation from the organization, the highest $172,647 (MICHAEL TARANTINO, PRESIDENT/CEO).
- How much revenue does IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $525,484, expenses of $473,599 and total assets of $494,744 at year end.
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