Greater Bossier Economic Development Foundation
Greater Bossier Economic Development Foundation maintains stable finances with growing assets and no reported officer compensation.
EIN: 201024559 · Bossier City, LA · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $551K |
| Total Expenses | $511K |
| Program Spending | 90% |
| Net Assets | $1.0M |
| Transparency Score | 92/100 |
Is Greater Bossier Economic Development Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Bossier Economic Development Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Bossier Economic Development Foundation
Greater Bossier Economic Development Foundation (EIN: 201024559) is a nonprofit organization based in Bossier City, LA, classified under NTEE code S41. The organization reported total revenue of $551K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Bossier Economic Development Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Bossier Economic Development Foundation is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $523K |
| Total Expenses | $511K |
| Surplus / Deficit | +$12K |
| Total Assets | $1.3M |
| Total Liabilities | $285K |
| Net Assets | $1.0M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 22.1% |
| Months of Reserves | 30.3 months |
Financial Health Grade: A
In 2023, Greater Bossier Economic Development Foundation reported a surplus of $12K with revenue exceeding expenses, holds 30.3 months of operating reserves (strong position), has a debt-to-asset ratio of 22.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greater Bossier Economic Development Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | -1.4% | -2.3% |
| 2022 | -4.0% | +9.4% | +35.0% |
| 2021 | +28.6% | +16.6% | +9.9% |
| 2020 | -21.6% | -26.0% | +2.2% |
| 2019 | +2.0% | +7.7% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greater Bossier Economic Development Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Greater Bossier Economic Development Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that either executive leadership is entirely volunteer-based or compensation is reported under other expense categories, which would require further clarification.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Greater Bossier Economic Development Foundation's IRS 990 filings:
- Significant increase in liabilities in recent years (from $5,645 in 2021 to $285,015 in 2023) without clear explanation in summary data.
Strengths
The following positive indicators were identified for Greater Bossier Economic Development Foundation:
- Consistent revenue generation and stable financial operations over a decade.
- Growing asset base, increasing from $713,448 in 2014 to $1,288,834 in 2023.
- 0% reported officer compensation across all filings, indicating high efficiency and potential volunteer leadership.
- Expenses consistently close to revenue, suggesting efficient use of funds without excessive accumulation or deficits.
Frequently Asked Questions about Greater Bossier Economic Development Foundation
Is Greater Bossier Economic Development Foundation a legitimate charity?
Greater Bossier Economic Development Foundation (EIN: 201024559) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $551K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Greater Bossier Economic Development Foundation spend its money?
Greater Bossier Economic Development Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Greater Bossier Economic Development Foundation tax-deductible?
Greater Bossier Economic Development Foundation is registered as a tax-exempt nonprofit (EIN: 201024559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Greater Bossier Economic Development Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Greater Bossier Economic Development Foundation is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Bossier Economic Development Foundation located?
Greater Bossier Economic Development Foundation is headquartered in Bossier City, Louisiana and files with the IRS under EIN 201024559. It is classified under NTEE code S41.
How many years of IRS 990 filings does Greater Bossier Economic Development Foundation have?
Greater Bossier Economic Development Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $551K in total revenue.
What caused the significant increase in liabilities from $5,645 in 2021 to $327,059 in 2022?
The IRS 990 data shows a substantial jump in liabilities, which could be due to new debt, deferred revenue, or other obligations. Further detail from the full 990 form would be needed to understand the specific nature of these liabilities.
How does the organization sustain operations without reported officer compensation?
The consistent reporting of 0% officer compensation suggests that key leadership roles may be filled by volunteers, or compensation is categorized differently within the expense structure, such as under 'salaries and wages' for non-officer staff.
What are the specific program activities funded by the organization's expenses?
While the data indicates high program spending, the specific details of economic development initiatives, projects, or grants funded are not available in this summary and would require reviewing the full IRS 990 form's program service accomplishments section.
Filing History
IRS 990 filing history for Greater Bossier Economic Development Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Bossier Economic Development Foundation's revenue has grown by 5.3%, moving from $497K to $523K. Total assets increased by 0.7% over the same period, from $1.3M to $1.3M. Total functional expenses fell by 4%, from $533K to $511K. In its most recent filing year (2023), Greater Bossier Economic Development Foundation reported a surplus of $12K, with revenue exceeding expenses. The organization holds $285K in liabilities against $1.3M in assets (debt-to-asset ratio: 22.1%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $523K | $511K | $1.3M | $285K | — | — |
| 2022 | $539K | $518K | $1.3M | $327K | — | View 990 |
| 2021 | $561K | $474K | $977K | $6K | — | View 990 |
| 2020 | $436K | $406K | $889K | $5K | — | View 990 |
| 2019 | $556K | $549K | $869K | $16K | — | — |
| 2018 | $546K | $510K | $849K | $3K | — | View 990 |
| 2017 | $547K | $536K | $815K | $4K | — | View 990 |
| 2016 | $546K | $531K | $803K | $4K | — | View 990 |
| 2015 | $583K | $506K | $788K | $4K | — | View 990 |
| 2014 | $560K | $494K | $713K | $6K | — | View 990 |
| 2013 | $522K | $470K | $643K | $2K | — | View 990 |
| 2012 | $547K | $1.2M | $652K | $2K | — | View 990 |
| 2011 | $497K | $533K | $1.3M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $523K, expenses of $511K, and assets of $1.3M (revenue -3.0% year-over-year).
- 2022: Revenue of $539K, expenses of $518K, and assets of $1.3M (revenue -4.0% year-over-year).
- 2021: Revenue of $561K, expenses of $474K, and assets of $977K (revenue +28.6% year-over-year).
- 2020: Revenue of $436K, expenses of $406K, and assets of $889K (revenue -21.6% year-over-year).
- 2019: Revenue of $556K, expenses of $549K, and assets of $869K (revenue +2.0% year-over-year).
- 2018: Revenue of $546K, expenses of $510K, and assets of $849K (revenue -0.4% year-over-year).
- 2017: Revenue of $547K, expenses of $536K, and assets of $815K (revenue +0.3% year-over-year).
- 2016: Revenue of $546K, expenses of $531K, and assets of $803K (revenue -6.4% year-over-year).
- 2015: Revenue of $583K, expenses of $506K, and assets of $788K (revenue +4.1% year-over-year).
- 2014: Revenue of $560K, expenses of $494K, and assets of $713K (revenue +7.3% year-over-year).
- 2013: Revenue of $522K, expenses of $470K, and assets of $643K (revenue -4.5% year-over-year).
- 2012: Revenue of $547K, expenses of $1.2M, and assets of $652K (revenue +10.0% year-over-year).
- 2011: Revenue of $497K, expenses of $533K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Bossier Economic Development Foundation:
Data Sources and Methodology
This transparency report for Greater Bossier Economic Development Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.