Iberia Industrial Development Sfoundation
Public records raise at least one point you should look into before giving.
What it says it does
PROMOTE INDUSTRIAL AND ECONOMIC DEVELOPMENT FOR EXISTING COMPANIES AND RECRUIT ADDITIONAL INDUSTRIES TO LOCATE IN IBERIA PARISH.
- Income
- $525,484
- Spending
- $473,599
- Employees
- 3
- Volunteers
- 0
- Highest pay
- $192,651, president/ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $113,725 spent. RETAIL JOB/BUSINESS DEVELOPMENT SERVICES: WE ASSISTED IN AND FACILITATED THE DEVELOPMENT AND OPENING OF SEVERAL BUSINESSES THAT ARE LOCATED IN IBERIA PARISH. EXAMPLES INCLUDE THE DEVELOPMENT OF A NEW 500,000 SQ FT WAREHOUSE FACILITY FOR FIRST SOLAR, A SOLAR PANEL MANUFACTURING PLANT. THE FIRST SOLAR LOCATION PROJECT WE ASSISTED ON JUST HELD THEIR GRAND OPENING/INAUGURATION. THEY HAVE HIRED A TOTAL OF 750 EMPLOYEES OVER THE LAST YEAR. WE HAVE CONTINUED TO ASSIST WITH THE DEVELOPMENT AND CONSTRUCTION OF A NEW BED AND BREAKFAST BUSINESS IN NEW IBERIA, "THE BAITS MOTEL", A NINE-ROOM 50+MOTOR HOTEL LOCATED ON BAYOU TECHE. THE NEW BUSINESSES WE ASSISTED HAVE CREATED OVER 1,300 NEW JOBS IN IBERIA PARISH.
- $69,047 spent. 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.
- $80,927 spent. 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.
- $36,045 spent. MISCELLANEOUS VARIOUS OTHER PROGRAM SERVICES
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 1986.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.