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Algiers Economic Development Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 721275640 ✦ New orleans, LA ✦ Designated as a 501(c)(3)

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Overview

What is Algiers Economic Development Foundation?

The Algiers Economic Development Foundation, situated in New Orleans, Louisiana, is a nonprofit organization with a mission to foster growth and prosperity in the Algiers community. By serving as an advocate, marketer, and catalyst for business development, they aim to attract investments and generate job opportunities in the Westbank area of New Orleans. With a focus on sustainability and a business-friendly environment, AEDF engages in recruitment and retention efforts to drive economic development in the region. Their team comprises three dedicated individuals.


Official website here: www.algierseconomic.com

Is Algiers Economic Development Foundation legitimate?

Algiers Economic Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Algiers Economic Development Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $89,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,299

For more financial information, click here


Official website here: www.algierseconomic.com

What is the mission statement of Algiers Economic Development Foundation?

The Algiers Economic Development Foundation's mission is centered around fostering a sustainable and business-friendly atmosphere, which in turn encourages investment and job growth. This is achieved through strategic initiatives such as advocacy, marketing, business development, recruitment, and retention. The organization's purpose is to serve as a catalyst for economic growth within the community, ultimately contributing to its prosperity.


Official website here: www.algierseconomic.com

Who is the CEO of Algiers Economic Development Foundation?

Kelsey Foster is the Executive Director of Algiers Economic Development Foundation.


Official website here: www.algierseconomic.com

What is the revenue of Algiers Economic Development Foundation?

Algiers Economic Development Foundation's revenue in 2022 was $295,450.


Official website here: www.algierseconomic.com

Who are the executives of Algiers Economic Development Foundation and what are their salaries?

The average compensation at Algiers Economic Development Foundation during 2022 was $43,516. There are 3 employees and 25 volunteers at Algiers Economic Development Foundation.


Here are 16 key members and their salaries:


Robert Royal Jr (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Shields (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawanda Poree (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Morvant (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krysta Pouncy-Dyson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tara Miller (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelsey Foster (Executive Director)
  • Compensation: $89,250
  • Related: $0
  • Other: $0
Christe Brewton (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Windi Brown (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jade Colin (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Metzler (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Ravy (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Clower (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erik Garcia (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Geriner (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Hopkins (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.algierseconomic.com

Where can I find the form 990 for Algiers Economic Development Foundation?

Algiers Economic Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.algierseconomic.com

Learn more at the official website: www.algierseconomic.com

Mission Statement of Algiers Economic Development Foundation

The Algiers Economic Development Foundation, or AEDF, is committed to constructing a sustainable and business-friendly environment in Westbank New Orleans. Their mission revolves around stimulating investment and job growth in the area through strategic advocacy, marketing, business development, recruitment, and retention efforts. By serving as a catalyst for economic development, AEDF aims to contribute to the prosperity of the Algiers community.

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Impact




October, 2024

The Algiers Economic Development Foundation (AEDF) has made significant strides in fostering economic growth in Westbank New Orleans. By advocating for business-friendly policies, the foundation has created an environment conducive to investments and job creation. Through strategic marketing efforts, AEDF has successfully attracted new businesses while supporting the retention of existing ones, ensuring that local enterprises thrive.

Its role as a catalyst for economic development has enhanced the community's overall prosperity by facilitating access to resources and opportunities for entrepreneurs and business owners. This proactive approach not only promotes economic activity but also strengthens the community's fabric through job growth and enhanced quality of life for residents. Through its initiatives, AEDF actively contributes to a sustainable future for the Algiers community, driving both economic and social improvement in the region.




This information is meant to be a general summary of Algiers Economic Development Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$295,450 (2022)
Expenses
$254,752 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $43,972
  • Gross Receipts: $295,450

Assets and Liabilities:

  • Total Assets: $187,414
  • Total Liabilities: $3,541
  • Net Assets: $183,873

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM INCOME

Revenue

$43,972

Organization Details

Founding Year

1992

Principal Officer

Kelsey Foster

Main Address

2401 WESTBEND PKWY, NEW ORLEANS, LA, 70114

NTEE Category

Code: S31 - Community improvement

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