Nonprofit · EIN 58-1866575
TERREBONNE ECONOMIC DEVELOPMENT FOUNDATION
Tax-exempt · HOUMA, LA 70361
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $95,753 | $194,494 | -$98,741 | $515,374 | $96,166 | $419,208 |
| December 31, 2023 | 990 | $1,202 | $99,364 | -$98,162 | $517,949 | $0 | $517,949 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100,000
- of which government grants
- $100,000
- Program service revenue
- $0
- Investment income
- -$4,247
- Net gain from sales of assets
- -$25,900
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $77,250
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,632
- Accounting fees
- $3,669
- Program services (functional)
- $77,250
- Management and general (functional)
- $117,244
Balance sheet and other
- Total assets, start of year
- $517,949
- Total assets, end of year
- $515,374
- Total liabilities, end of year
- $96,166
- Net assets, end of year
- $419,208
- Gross receipts
- $150,753
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1989
- 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 |
|---|---|---|---|---|
| Kelly Reeves | Director Trustee or director | 1 | $0 | $96,166 |
| Michael J Garcia MD | President Trustee or director, Officer | 1 | $0 | $0 |
| Jason Underwood | Vice-President Trustee or director, Officer | 1 | $0 | $0 |
| Robert A Barthel | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Nicholas Paul Hebert | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Christian Lapeyre | Director Trustee or director | 1 | $0 | $0 |
| Michael Lagarde | Director Trustee or director | 1 | $0 | $0 |
| Cohen Guidry | CEO Trustee or director, Officer | 50 | $0 | $0 |
| Ivan Williams | Director Trustee or director | 1 | $0 | $0 |
| CJ Domangue | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kelly Reeves | Director Trustee or director | 1 | $0 | $88,244 |
| Michael J Garcia MD | President Trustee or director, Officer | 1 | $0 | $0 |
| Jason Underwood | Vice-President Trustee or director, Officer | 1 | $0 | $0 |
| Robert A Barthel | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Nicholas Paul Hebert | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Christian Lapeyre | Director Trustee or director | 1 | $0 | $0 |
| Michael Lagarde | Director Trustee or director | 1 | $0 | $0 |
| Cohen Guidry | CEO Trustee or director, Officer | 50 | $0 | $0 |
| Ivan Williams | Director Trustee or director | 1 | $0 | $0 |
| CJ Domangue | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3209, HOUMA, LA 70361-3209
- Mailing address (990-N for 2019)
- PO Box 3209, Houma LA 70361
- Principal officer (990 for 2024)
- Cohen Guidry, PO Box 3209, Houma, LA 70361
- Principal officer (990-N for 2019)
- Matt Rookard, PO Box 3209, Houma LA 70361
- Signed the 990
- Cohen Guidry, CEO
- Phone
- (985) 873-6454
- Return prepared by
- Martin & Pellegrin CPA's PC
Mission
Promoting industrial improvement
Program accomplishments
- Responsible for promoting, encouraging, and participating in industrial development to stimulate the economy through commerce, industry, and research and for the utilization and development of natural, physical, and human resources of Terrebonne Parish.Expenses $77,250 · grants $77,250 · revenue $100,000
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
- 58-1866575
- 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
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $515,374
- Income (IRS master file)
- $150,753
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $95,753 | $194,494 | $515,374 | XML |
| 990 | December 2023 | $1,202 | $99,364 | $517,949 | XML |
| 990 | December 2022 | $66,465 | $158,230 | $616,111 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Matt Rookard | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 58-1866575).
Questions about TERREBONNE ECONOMIC DEVELOPMENT FOUNDATION
- What is the EIN of TERREBONNE ECONOMIC DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of TERREBONNE ECONOMIC DEVELOPMENT FOUNDATION is 58-1866575.
- Is TERREBONNE ECONOMIC DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to TERREBONNE ECONOMIC DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TERREBONNE ECONOMIC DEVELOPMENT FOUNDATION 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 TERREBONNE ECONOMIC DEVELOPMENT FOUNDATION 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 TERREBONNE ECONOMIC DEVELOPMENT FOUNDATION 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 TERREBONNE ECONOMIC DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 names Cohen Guidry.
- Who are the officers and directors of TERREBONNE ECONOMIC DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does TERREBONNE ECONOMIC DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $95,753, expenses of $194,494 and total assets of $515,374 at year end.
Other nonprofits in HOUMA
- START CORPORATION EIN 58-1687098 · last filed 990 for 2025
- TERREBONNE COUNCIL ON AGING EIN 72-0683976 · last filed 990 for 2025
- TERREBONNE ARC EIN 72-0551658 · last filed 990 for 2025
- LIFE COAST COMMUNITY HEALTH CENTER INC EIN 84-3098481 · last filed 990 for 2024
- MACDONELL UNITED METHODIST CHILDRENS SERVICES INC EIN 72-0459031 · last filed 990 for 2025
- SOUTH LOUISIANA ELECTRIC COOPERATIVE ASSOCIATION EIN 72-0320746 · last filed 990 for 2022
- ELLENDALE COUNTRY CLUB EIN 72-0638559 · last filed 990 for 2026
- INSTITUTE FOR INDIAN DEVELOPMENT INC EIN 72-0924541 · last filed 990 for 2025