GREATER BOSSIER ECONOMIC DEVELOPMENT FOUNDATION

EIN: 201024559 Community Improvement

BOSSIER CITY, LA

Total Revenue
$550,954
Total Expenses
$507,319
Total Assets
$1,216,088
Net Assets
$1,047,454
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
LA
Principal Officer
DAVID ROCKETT JR
Phone
3187426043
Tax Period
2024-01-01 to 2024-12-31

GREATER BOSSIER ECONOMIC DEVELOPMENT FOUNDATION, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $551K in total revenue in fiscal year 2024. Expenses of $507K left a modest 8% surplus.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $509,509
Program Service Revenue $0
Investment Income $36,945
Other Revenue $4,500
TOTAL REVENUE $550,954

Expense Breakdown

Grants Paid $62,975
Salaries & Benefits $261,698
Fundraising Expenses $0
Other Expenses $182,646
TOTAL EXPENSES $507,319

Year-over-Year Comparison

2024 2023 Change
Revenue $550,954 $522,973 +0.1%
Expenses $507,319 $510,994 0.0%
Net Income $43,635 $11,979 +2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
2
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$184,031
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE BOGGS DIRECTOR 1.00
Director
$0 $0 $0
JOHN BONOMO DIRECTOR 1.00
Director
$0 $0 $0
RAND FALBAUM DIRECTOR 1.00
Director
$0 $0 $0
JOHN MICHAEL MOORE IMMEDIATE PAST CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHARLIE COYLE DIRECTOR 1.00
Director
$0 $0 $0
KILEY GRANT DIRECTOR 1.00
Director
$0 $0 $0
IAN MCELROY DIRECTOR 1.00
Director
$0 $0 $0
ADAM JOHNSTON VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
GARY HUBBARD CHAIRMAN 1.00
Officer Director
$0 $0 $0
JONATHAN REYNOLDS DIRECTOR 1.00
Director
$0 $0 $0
DOUG ROGERS DIRECTOR 1.00
Director
$0 $0 $0
MARGARET SHEHEE DIRECTOR 1.00
Director
$0 $0 $0
DON UPDEGRAFF DIRECTOR 1.00
Director
$0 $0 $0
TOMMY BOGGS DIRECTOR 1.00
Director
$0 $0 $0
ROSS BARRETT SECRETARY TREASURER 1.00
Officer Director
$0 $0 $0
LANCE MOSLEY DIRECTOR 1.00
Director
$0 $0 $0
CARLTON GOLDEN ADVISORY APPOINTEE 1.00
Officer Director
$0 $0 $0
TIM WILHITE DIRECTOR 1.00
Director
$0 $0 $0
DAVID R ROCKETT JR EXECUTIVE DIRECTOR 40.00
Officer
$145,108 $38,923 $184,031
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $550,954 $507,319 $1,216,088 $43,635
2023 $522,973 $510,994 $1,288,834 $11,979
2022 $539,196 $518,357 $1,318,899 $20,839
2021 $561,457 $473,892 $976,646 $87,565
2020 $436,470 $406,260 $888,537 $30,210
2019 $556,400 $549,368 $869,044 $7,032
2018 $545,564 $510,230 $848,843 $35,334
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