NonprofitsIberia Industrial Development Sfoundation

Iberia Industrial Development Sfoundation

NEW IBERIA, LA

Total revenue

$525K

Total expenses

$474K

Net assets

$346K

Grants received

EIN

721027792

Tax year

2024

Mission

Promote industrial and economic development for existing companies and recruit additional industries to locate in iberia parish.

Programs

3 programs

Business retention and expansion services: we continue to assist aviation exteriors in expanding the lines of services they offer in new iberia to include aircraft interior overhaul, repair and maintenance. We are continuing to assist ul lafayette in the upgrade of their bio-hazard lab facilities at the new iberia research campus. In addition, we are working closely with them in the development and construction of a new technical campus and gmp manufacturing facility at progress point business park. Construction on the bio-hazard lab is almost complete, and the design and preliminary construction testing on the property for the technical campus and gmp manufacturing facility should start shortly after the first of the year. Anticipated net new jobs created due to expansion and retention: 562.

Expenses: $69K

Industrial park support, marketing and development services: we continue to develop and distribute information on available properties and commercial buildings located in iberia parish, including those located at the port of iberia, acadiana regional airport, progress point business park and general properties around the parish. We marketed available sites and buildings through virtual trade shows, web based sites direct mailing to real estate and site selection firms and responses to requests for louisiana economic development and regional economic development agencies. We assisted in the certification of two new certified sites at acadiana regional airport increasing marketing capacity.

Expenses: $81K

Miscellaneous various other program services

Expenses: $36K

Financials

FY 2024

Revenue

Contributions & grants$57K
Program service revenue$472K
Investment income$8K
Other revenue
Total revenue$525K

Expenses

Grants paid
Salaries & benefits$344K
Fundraising
Other expenses$129K
Total expenses$474K
Total assets$495K
Net assets$346K

People

24 listed

NameRoleCompensation

MICHAEL TARANTINO

PRESIDENT/CEO

Board

$173K

40 hrs/wk

CHAD COURTOIS

EXEC. COMMITTEE AT LARGE

Board

2 hrs/wk

KRISTIE MCMATH-HEBERT

PAST CHAIRMAN

Board

2 hrs/wk

KOREY KIMBALL

CHAIRMAN

Board

2 hrs/wk

FRAN HENDERSON

SECRETARY/TREASURER

Board

2 hrs/wk

DENISE BROUSSARD

VICE CHAIRMAN

Board

2 hrs/wk

MAURICE MO SONGY

PUBLIC SEAT

Board

1 hrs/wk

ANDREE SCHLICHER

PUBLIC SEAT

Board

1 hrs/wk

TAMMY GORDON

PUBLIC SEAT

Board

1 hrs/wk

MARCUS BROUSSARD

PUBLIC SEAT

Board

1 hrs/wk

LARRY RICHARD

PUBLIC SEAT

Board

1 hrs/wk

HEATH HULIN

PUBLIC SEAT

Board

1 hrs/wk

RICKY GONSOULIN

PUBLIC SEAT

Board

1 hrs/wk

FREDDIE DECOURT

PUBLIC SEAT

Board

1 hrs/wk

CRAIG ROMERO

PUBLIC SEAT

Board

1 hrs/wk

DAVID O

PUBLIC SEAT

Board

1 hrs/wk

MICKEY BELLOTT

MEMBER-AT-LARGE

Board

1 hrs/wk

DIONNE VIATOR

MEMBER-AT-LARGE

Board

1 hrs/wk

TOMMY HEBERT

MEMBER-AT-LARGE

Board

1 hrs/wk

MIKE FLASH

MEMBER-AT-LARGE

Board

1 hrs/wk

BRETT BERARD

MEMBER-AT-LARGE

Board

1 hrs/wk

CAROL BOURGEOIS JR

PUBLIC SEAT

Board

1 hrs/wk

PAM BLAKELY

PUBLIC SEAT

Board

1 hrs/wk

BRAD CLIFTON

PUBLIC SEAT

Board

1 hrs/wk

Details

EIN721027792
Subsection06
Ruling date1986-01
Formed1994
Employees3
Volunteers0
IBERIA INDUSTRIAL DEVELOPMENT SFOUNDATION — Mission, Financials & Grants Received | Grantivo