TY 2018 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-1150

2018

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
Upper Lafayette Economic Dev Foundation

Number and street (or P. O. box, if mail is not delivered to street address)2901 Moss Street
Room/suite

City or town, state or province, country, and ZIP or foreign postal code Lafayette, LA70501

D Employer identification number

20-5006336

E Telephone number

(337) 761-6326

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? To enhance and direct the positive planned development of Upper Lafayette's economy; focusing on quality of life, with the support of and for local business and community leaders, organizations and homeowners.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 The executive director conducted periodic business visitation outreach sessions to promote civic pride, and foster communication of the membership's and the area's concerns and opportunities for advancement of economic development in the geographic upper portion of Lafayette Parish, LA. (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 Previously produced programs air on the local public access channel to inform interested parties of activities and of the businesses and the goods & services provided in the upper geographic region of Lafayette Parish. (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 Maintained our website with blogs, calendar of events, and news of accomplishments affecting econcomic development and other initiatives impacting the Upper Lafayette Parish region. Produced four informative and networking events for membership to attend and provide a forum for exchange of information on economic development in the area served. (Grants $ ) If this amount includes foreign grants, check here ...		30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation
Kirk LaCour Director	1.00	0
Brenda Foulcard Director	1.00	0
Todd Citron President	1.00	0
Zachary Barker Secretary/Treas	1.00	0
Adrian Baudoin Director	1.00	0
Ken Lazard Director	1.00	0
Jan Swift Director	1.00	0
Herbert Schilling Director	1.00	0
David Welch Director	1.00	0
Chad Cole Director	2.00	0
Monty Warren Director	1.00	0
Bradley Black Executive Dir.	30.00	77,300	4,849
Donna Landry Director	1.00	0
Jerry Vascocu Director	1.00	0
Bryan Tabor Director	1.00	0

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE


Name of organization Upper Lafayette Economic Dev Foundation	Employer identification number 20-5006336
Part I	Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)


Name of organization Upper Lafayette Economic Dev Foundation	Employer identification number 20-5006336
Part II	Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Return Reference	Explanation
Other Expenses.1001	Advertising and Promotion $124
Other Expenses.1002	Office Expenses $600
Other Expenses.1003	Information Technology $912
Other Expenses.1007	Conferences, Conventions, and Meetings $432
Other Expenses.1012	Insurance $156
Other Expenses.1	Cancelled-uncollect Mbrships $10500
Other Expenses.2	Forums and meeting expenses $6813
Other Expenses.3	Television Production Costs $750
Other Expenses.4	Meals and Entertainment $749
Other Expenses.5	Payroll Processing Fee $434
Other Expenses.6	Bank and other service charges $192
Other Expenses.7	Donations $150
Other Expenses.10	Professional Development $55
Other Expenses.11	Parking & Transportation $32
Other Assets.1005	Accounts Receivable - Beginning $13350 Accounts Receivable - Ending $0
Other Assets.1011	Prepaid Expenses and Deferred Charges - Beginning $455 Prepaid Expenses and Deferred Charges - Ending $0
Total Liabilities.1001	Accounts Payable and Accrued Expenses - Beginning $1840 Accounts Payable and Accrued Expenses - Ending $0
Total Liabilities.1003	Deferred Revenue - Beginning $18375 Deferred Revenue - Ending $8463
Total Liabilities.1	Payroll tax liabilities - Beginning $988 Payroll tax liabilities - Ending $7941

Return Reference

Explanation

Other Expenses.1001

Advertising and Promotion $124

Other Expenses.1002

Office Expenses $600

Other Expenses.1003

Information Technology $912

Other Expenses.1007

Conferences, Conventions, and Meetings $432

Other Expenses.1012

Insurance $156

Other Expenses.1

Cancelled-uncollect Mbrships $10500

Other Expenses.2

Forums and meeting expenses $6813

Other Expenses.3

Television Production Costs $750

Other Expenses.4

Meals and Entertainment $749

Other Expenses.5

Payroll Processing Fee $434

Other Expenses.6

Bank and other service charges $192

Other Expenses.7

Donations $150

Other Expenses.10

Professional Development $55

Other Expenses.11

Parking & Transportation $32

Other Assets.1005

Accounts Receivable - Beginning $13350 Accounts Receivable - Ending $0

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $455 Prepaid Expenses and Deferred Charges - Ending $0

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $1840 Accounts Payable and Accrued Expenses - Ending $0

Total Liabilities.1003

Deferred Revenue - Beginning $18375 Deferred Revenue - Ending $8463

Total Liabilities.1

Payroll tax liabilities - Beginning $988 Payroll tax liabilities - Ending $7941

1	Contributions, gifts, grants, and similar amounts received ....................	1	48,437
2	Program service revenue including government fees and contracts ...............	2	7,160
3	Membership dues and assessments ...........................	3
4	Investment income ...........................	4
5a	Gross amount from sale of assets other than inventory .....	5a
b	Less: cost or other basis and sales expenses .......	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ..........	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	55,597

10	Grants and similar amounts paid (list in Schedule O) ............	10
11	Benefits paid to or for members ................	11
12	Salaries, other compensation, and employee benefits ................	12	88,071
13	Professional fees and other payments to independent contractors ............	13	14,769
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ..............	15	206
16	Other expenses (describe in Schedule O) ..............	16	21,899
17	Total expenses. Add lines 10 through 16 ..............	17	124,945

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-69,348
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) ............	19	69,979
20	Other changes in net assets or fund balances (explain in Schedule O) ..........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 .......	21	631

Sign Here

	Signature of officer	Date

	Type or print name and title

Software ID:	18007218
Software Version:	2018v3.1


Name of organization Upper Lafayette Economic Dev Foundation			Employer identification number 20-5006336
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.