Nonprofit · EIN 72-1275640
ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC
Tax-exempt · NEW ORLEANS, LA 70114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $318,937 | $308,416 | $10,521 | $139,762 | $31,698 | $108,064 |
| June 30, 2024 | 990 | $255,740 | $245,062 | $10,678 | $101,271 | $3,584 | $97,687 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $281,051
- of which government grants
- $265,686
- Membership dues
- $14,083
- Program service revenue
- $37,859
- Investment income
- $0
- Other revenue
- $27
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $72,042
- Other salaries and wages
- $102,957
- Salaries, compensation and benefits (total)
- $188,760
- Professional fundraising fees
- $0
- Accounting fees
- $17,260
- Occupancy
- $9,132
- Depreciation
- $348
- Program services (functional)
- $279,868
- Management and general (functional)
- $28,548
Balance sheet and other
- Total assets, start of year
- $101,271
- Total assets, end of year
- $139,762
- Total liabilities, end of year
- $31,698
- Net assets, end of year
- $108,064
- Land, buildings and equipment
- $4,313
- Net assets without donor restrictions
- $108,064
- Gross receipts
- $318,937
- Employees
- 4
- Volunteers
- 5
- Year formed
- 1992
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELSEY FOSTER | FORMER EXECUTIVE DIRECTOR Key employee | – | $72,042 |
| ROBERT ROYAL JR | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RACHEL SHIELDS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SHAWANDA POREE | MEMBER Trustee or director | 1 | $0 |
| BEN MORVANT | SECRETARY Trustee or director, Officer | 1 | $0 |
| KRYSTA POUNCY-DYSON | MEMBER Trustee or director | 1 | $0 |
| TARA MILLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHRISTE BREWTON | TREASURER Trustee or director, Officer | 1 | $0 |
| WINDI BROWN | MEMBER Trustee or director | 1 | $0 |
| JADE COLIN | MEMBER Trustee or director | 1 | $0 |
| JOHN METZLER | MEMBER Trustee or director | 1 | $0 |
| GREG RAVY | MEMBER Trustee or director | 1 | $0 |
| TODD CLOWER | MEMBER Trustee or director | 1 | $0 |
| ERIK GARCIA | MEMBER Trustee or director | 1 | $0 |
| ALEX GERINER | MEMBER Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT HOPKINS | MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELSEY FOSTER | EXECUTIVE DIRECTOR Key employee | – | $74,000 |
| ROBERT ROYAL JR | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RACHEL SHIELDS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SHAWANDA POREE | MEMBER Trustee or director | 1 | $0 |
| BEN MORVANT | SECRETARY Trustee or director, Officer | 1 | $0 |
| KRYSTA POUNCY-DYSON | MEMBER Trustee or director | 1 | $0 |
| TARA MILLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHRISTE BREWTON | TREASURER Trustee or director, Officer | 1 | $0 |
| WINDI BROWN | MEMBER Trustee or director | 1 | $0 |
| JADE COLIN | MEMBER Trustee or director | 1 | $0 |
| JOHN METZLER | MEMBER Trustee or director | 1 | $0 |
| GREG RAVY | MEMBER Trustee or director | 1 | $0 |
| TODD CLOWER | MEMBER Trustee or director | 1 | $0 |
| ERIK GARCIA | MEMBER Trustee or director | 1 | $0 |
| ALEX GERINER | MEMBER Trustee or director | 1 | $0 |
| ROBERT HOPKINS | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3520 GENERAL DE GAULLE DRIVE S, NEW ORLEANS, LA 70114-6757
- In care of
- % STEPHEN D DICKEY
- Principal officer (990 for 2024)
- LAVEERNE TOOMBS ED, 2401 WESTBEND PKWY, NEW ORLEANS, LA 70114
- Signed the 990
- LAVERNE TOOMBS, INTERIM EXECUTIVE DIRECTOR
- Phone
- (504) 362-6436
- Website
- WWW.ALGIERSECONOMIC.COM
- Return prepared by
- Carriere & Dunn Tax and Accounting Services
Mission
The mission of AEDF is to build a sustainable, business-friendly environment that grows investments and jobs in Westbank New Orleans through advocacy, marketing, and business development, recruitment, and retention.
Program accomplishments
- To help the Algiers community grow and prosper by being a catalyst for economic development.Expenses $279,868
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1275640
- 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
- 2011
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $139,762
- Income (IRS master file)
- $318,937
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $318,937 | $308,416 | $139,762 | XML |
| 990 | June 2024 | $255,740 | $245,062 | $101,271 | IRS |
| 990 | June 2023 | $276,831 | $373,695 | $90,288 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC
- What is the EIN of ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC is 72-1275640.
- Is ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALGIERS ECONOMIC DEVELOPMENT 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 ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names LAVEERNE TOOMBS ED.
- Who are the officers and directors of ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $72,042 (KELSEY FOSTER, FORMER EXECUTIVE DIRECTOR).
- How much revenue does ALGIERS ECONOMIC DEVELOPMENT FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $318,937, expenses of $308,416 and total assets of $139,762 at year end.
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