Form 990 for tax year 2022
Filed by LOUISIANA FARM BUREAU FOUNDATION INC.
Totals
- Total revenue
- $49,696
- Total expenses
- $141,091
- Contributions and grants received
- $48,673
- Grants paid
- $23,000
- Program service revenue
- $0
- Investment income
- $10,517
- Other revenue
- -$9,494
- Total assets, end of year
- $785,124
- Total liabilities, end of year
- $73,640
- Net assets or fund balances, end of year
- $711,484
- Program services expenses (Part IX)
- $130,440
- Management and general expenses
- $7,000
- Fundraising expenses
- $3,651
- Program service expenses (Part III)
- $130,440
Program services were 92.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$7,174
-
1f · All other contributions, gifts and grants
$41,499
-
1g · Noncash contributions included above
$6,453
-
3 · Investment income
total $10,517 · excluded $10,517
-
8a · Fundraising events: gross income
$3,877
-
8a · Fundraising events: contributions included on line 1c
$7,174
-
8b · Fundraising events: direct expenses
$13,371
-
8c · Net income from fundraising events
total -$9,494 · excluded -$9,494
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $23,000 · program services $23,000
-
11g · Fees: other
total $7,000 · management and general $7,000
-
24a · Other expenses: DISASTER RELIEF SUPPLIE
total $107,440 · program services $107,440
-
24b · Other expenses: SUPPLIES
total $1,910 · fundraising $1,910
-
24c · Other expenses: POSTAGE
total $898 · fundraising $898
-
24d · Other expenses: BANK CHARGE
total $828 · fundraising $828
-
24e · All other expenses
total $15 · fundraising $15
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $206,481 · end of year $95,121
-
2 · Savings and temporary cash investments
beginning of year $676,600 · end of year $685,600
-
15 · Other assets
beginning of year $1,411 · end of year $4,403
-
17 · Accounts payable and accrued expenses
beginning of year $81,613 · end of year $73,640
-
27 · Net assets without donor restrictions
beginning of year $802,879 · end of year $711,484
Mission and programs · 2022
Mission
THE FOUNDATION SEEKS TO ENCOURAGE STUDENTS TO PURSUE A DEGREE AT A COLLEGE OR UNIVERSITY IN A CURRICULUM BENEFITTING AGRICULTURE IN SOME DIRECT OR INDIRECT MANNER. THE FOUNDATION ALSO PROVIDES DISASTER RELIEF FOR VICTIMS OF CATASTROPHIC EVENTS SUCH AS HURRICANES AND FLOODS. FUNDS RAISED FOR THESE PURPOSES ARE DISBURSED TO VICTIMS WHO ARE AFFECTED BY SUCH EVENTS.
-
SCHOLARSHIPS TO ENCOURAGE STUDENTS TO PURSUE A DEGREE AT A COLLEGE OR UNIVERSITY IN A CURRICULUM BENEFITTING AGRICULTURE IN SOME DIRECT OR INDIRECT MANNER. THERE WERE EIGHT SCHOLARSHIPS AWARDED IN THE CURRENT YEAR. ALSO, SUPPLIES AND GRANTS TO PROVIDE DISASTER RELIEF FOR VICTIMS OF CATASTROPHI EVENTS SUCH AS HURRICANES AND FLOODS. FUNDS RAISED FOR THESE PURPOSES ARE DISBURSED TO VICTIMS WHO ARE AFFECTED BY SUCH EVENTS.
Expenses $130,440 · Grants $23,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Allen McClainALLEN MCCLAIN
BOARD MEMBER
- Total calculated
- $6,505
- From this org
- $0
- From related orgs
- $6,505
- Other
- $0
- Hours/week
- 1 + 1 related
-
Ryan YerbyRYAN YERBY
BOARD MEMBER
- Total calculated
- $1,200
- From this org
- $0
- From related orgs
- $1,200
- Other
- $0
- Hours/week
- 1 + 1 related
-
Matthew GravoisMATTHEW GRAVOIS
BOARD MEMBER
- Total calculated
- $1,400
- From this org
- $0
- From related orgs
- $1,400
- Other
- $0
- Hours/week
- 1 + 1 related
-
Scotty FontenotSCOTTY FONTENOT
BOARD MEMBER
- Total calculated
- $2,800
- From this org
- $0
- From related orgs
- $2,800
- Other
- $0
- Hours/week
- 1 + 1 related
-
Robert DuncanROBERT DUNCAN
BOARD MEMBER
- Total calculated
- $1,400
- From this org
- $0
- From related orgs
- $1,400
- Other
- $0
- Hours/week
- 1 + 1 related
-
Michele SimoneauxMICHELE SIMONEAUX
BOARD MEMBER
- Total calculated
- $3,000
- From this org
- $0
- From related orgs
- $3,000
- Other
- $0
- Hours/week
- 1 + 1 related
-
Vincent CannatellaVINCENT CANNATELLA
BOARD MEMBER
- Total calculated
- $800
- From this org
- $0
- From related orgs
- $800
- Other
- $0
- Hours/week
- 1 + 1 related
-
Leonard Pierce IIILEONARD PIERCE III
BOARD MEMBER
- Total calculated
- $1,600
- From this org
- $0
- From related orgs
- $1,600
- Other
- $0
- Hours/week
- 1 + 1 related
-
Loyd DodsonLOYD DODSON
BOARD MEMBER
- Total calculated
- $2,400
- From this org
- $0
- From related orgs
- $2,400
- Other
- $0
- Hours/week
- 1 + 1 related
-
Joey J OlivierJOEY J OLIVIER
BOARD MEMBER
- Total calculated
- $2,600
- From this org
- $0
- From related orgs
- $2,600
- Other
- $0
- Hours/week
- 1 + 1 related
-
Jason LeblancJASON LEBLANC
BOARD MEMBER
- Total calculated
- $3,000
- From this org
- $0
- From related orgs
- $3,000
- Other
- $0
- Hours/week
- 1 + 1 related
-
Gregory GravoisGREGORY GRAVOIS
BOARD MEMBER
- Total calculated
- $1,000
- From this org
- $0
- From related orgs
- $1,000
- Other
- $0
- Hours/week
- 1 + 1 related
-
Emerson E Oaks IV OaksEMERSON E OAKS IV OAKS
BOARD MEMBER
- Total calculated
- $2,600
- From this org
- $0
- From related orgs
- $2,600
- Other
- $0
- Hours/week
- 1 + 1 related
-
Dwayne ViatorDWAYNE VIATOR
BOARD MEMBER
- Total calculated
- $1,800
- From this org
- $0
- From related orgs
- $1,800
- Other
- $0
- Hours/week
- 1 + 1 related
-
Bob KellyBOB KELLY
BOARD MEMBER
- Total calculated
- $3,000
- From this org
- $0
- From related orgs
- $3,000
- Other
- $0
- Hours/week
- 1 + 1 related
-
Kent BrownKENT BROWN
BOARD MEMBER
- Total calculated
- $2,600
- From this org
- $0
- From related orgs
- $2,600
- Other
- $0
- Hours/week
- 1 + 1 related
-
William StuttsWILLIAM STUTTS
BOARD MEMBER
- Total calculated
- $2,600
- From this org
- $0
- From related orgs
- $2,600
- Other
- $0
- Hours/week
- 1 + 1 related
-
Marty WooldridgeMARTY WOOLDRIDGE
FIRST VICE-PRESIDENT
- Total calculated
- $3,400
- From this org
- $0
- From related orgs
- $3,400
- Other
- $0
- Hours/week
- 1 + 1 related
-
Jim HarperJIM HARPER
PRESIDENT
- Total calculated
- $63,900
- From this org
- $0
- From related orgs
- $63,900
- Other
- $0
- Hours/week
- 10 + 20 related
-
Scott M Wiggers JrSCOTT M WIGGERS JR
SECOND VICE-PRESIDENT
- Total calculated
- $3,600
- From this org
- $0
- From related orgs
- $3,600
- Other
- $0
- Hours/week
- 1 + 1 related
-
Michael G MelanconMICHAEL G MELANCON
SECRETARY/TREASURER
- Total calculated
- $3,400
- From this org
- $0
- From related orgs
- $3,400
- Other
- $0
- Hours/week
- 1 + 1 related
-
Richard B FontenotRICHARD B FONTENOT
THIRD VICE-PRESIDENT
- Total calculated
- $3,600
- From this org
- $0
- From related orgs
- $3,600
- Other
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
LOUISIANA FARM BUREAU FOUNDATION
501 (C) (5) · PROMOTION AND PROTECTION OF AGRICULTURE · LA
-
LOUISIANA FOUNDATION FOR AGRICULTURE IN THE CLASSROOM
501 (C) (3) · PROVIDES AGRICULTURE EDUCATION · LA
-
AGRIPAC
527 · UNINCORPORATED ASSOCIATION ORGANIZED AS A POLITICAL ACTION COMMITTEE · LA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
LOUISIANA FARM BUREAU SERVICE COMPANY
C · RECEIVABLES/PROVIDES TAXABLE SERVICES FOR ITS NON-PROFIT PARENT · LA
-
LOUISIANA FARM BUREAU INVESTMENT
C · STOCK HOLDING COMPANY · LA
-
LOUISIANA FARM BUREAU ENTERPRISES
C · OWNS BUILDING, PROVIDDES ADMINISTRATIVE · LA
-
LOUISIANA FARM BUREAU MARKETING ASSOCIATION INC
C · ORGANIZATION DESIGNED TO MARKET GRAIN AND TO MARKET/BROKER RICE FOR MEMBERS · LA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303149349305720
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