Form 990 for tax year 2025
Filed by MARY R GALLASPY CHARITABLE TRUST NO ONE.
Totals
- Total revenue
- $3,594,930
- Total expenses
- $5,889,565
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $838,818
- Other revenue
- $2,756,112
- Total assets, end of year
- $22,599,063
- Total liabilities, end of year
- $19,157,100
- Net assets or fund balances, end of year
- $3,441,963
- Program services expenses (Part IX)
- $5,708,946
- Management and general expenses
- $180,619
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,708,946
Program services were 96.9% 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.
-
3 · Investment income
total $838,818 · excluded $838,818
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $2,435,698 · excluded $2,435,698
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: PROPERTY LEASES
total $32,440 · related or exempt $32,440
-
11b · Other revenue: TIMBER SALES
total $287,974 · related or exempt $287,974
-
11e · Other revenue, total
$320,414
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $9,350 · management and general $9,350
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: BENEFITS PAID OUT
total $5,666,113 · program services $5,666,113
-
24b · Other expenses: INVESTMENT MANAGEMENT FEES
total $167,383 · management and general $167,383
-
24c · Other expenses: LAND/TIMBER MGMT
total $42,833 · program services $42,833
-
24d · Other expenses: PROPERTY TAXES
total $3,886 · management and general $3,886
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $227,243 · end of year $222,204
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $344,621 · end of year $197,433
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $18,929,490 · end of year $22,179,426
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
25 · Other liabilities
beginning of year $16,059,391 · end of year $19,157,100
-
28 · Net assets with donor restrictions
beginning of year $3,441,963 · end of year $3,441,963
Mission and programs · 2025
Mission
TO SUPPORT AND ENCOURAGE THE BENEVOLENT PROGRAM AND PURPOSES OF THE LOUSIANA BAPTIST CHILDREN'S HOME AND FAMILY MINISTRIES IN GIVING CARE, GUIDANCE AND SUSTENANCE TO NEEDY CHILDREN.
-
TO SUPPORT THE LOUISIANA BAPTIST CHILDREN'S HOME IN THEIR MISSION
Expenses $5,708,946
As filed on the 2025 return.
Listed in Part VII
-
Bob BozemanBOB BOZEMAN
Vice Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Ricky BullockRICKY BULLOCK
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Jason HoychickJASON HOYCHICK
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Brian CraddockBRIAN CRADDOCK
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Rikki PermenterRIKKI PERMENTER
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Jennifer LaneJENNIFER LANE
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Julie PageJULIE PAGE
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Jason LupoJASON LUPO
Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Diane UzzleDIANE UZZLE
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Johnny SmithJOHNNY SMITH
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr David GozaDR DAVID GOZA
LBC PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Mandy GuilloryMANDY GUILLORY
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Melanie SanchezMELANIE SANCHEZ
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Diane WalkerDIANE WALKER
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Trish GunterTRISH GUNTER
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
Dr Steve HornDR STEVE HORN
LBC EXEC. DIR.
- Total calculated
- $0
- Hours/week
- 0
-
Perry Hancock PhDPERRY HANCOCK PHD
President & CEO
- Total calculated
- $0
- Hours/week
- 0 + 40 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.
-
LOUSIANA BAPTIST CHILDRENS HOME
501(C)(3) · PROVIDE POSITIVE WITNESS FOR NEEDY CHILD · LA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 13 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601339349302555
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