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 |
| June 30, 2023 | 990 | $276,831 | $373,695 | -$96,864 | $90,288 | $3,279 | $87,009 |
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 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELSEY FOSTER | EXECUTIVE DIRECTOR Key employee | – | $71,000 |
| ROBERT ROYAL JR | VICE PRESIDENT Trustee or director | 1 | $0 |
| RACHEL SHIELDS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SHAWANDA POREE | MEMBER Trustee or director, Officer | 1 | $0 |
| BEN MORVANT | SECRETARY Trustee or director | 1 | $0 |
| KRYSTA POUNCY-DYSON | MEMBER Trustee or director, Officer | 1 | $0 |
| TARA MILLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHRISTE BREWTON | TREASURER Trustee or director | 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 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 72-1275640).
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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