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Nonprofiteer
← LMTA FOUNDATION INC

Form 990 for tax year 2023

Filed by LMTA FOUNDATION INC.

Totals

Total revenue
$973,239
Total expenses
$341,968
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$960,915
Investment income
$12,324
Other revenue
$0
Total assets, end of year
$2,122,347
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,122,347
Program services expenses (Part IX)
$330,275
Management and general expenses
$11,693
Fundraising expenses
$0
Program service expenses (Part III)
$330,275

Program services were 96.6% 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.

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $960,915 · related or exempt $960,915

  • 3 · Investment income

    total $12,324 · excluded $12,324

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $127,882 · program services $127,882

  • 11b · Fees: legal

    total $19,501 · program services $19,501

  • 11c · Fees: accounting

    total $11,150 · program services $11,150

  • 11g · Fees: other

    total $5,035 · program services $35 · management and general $5,000

  • 12 · Advertising and promotion

    total $150,859 · program services $150,859

  • 14 · Information technology

    total $6,685 · management and general $6,685

  • 19 · Conferences, conventions and meetings

    total $12,077 · program services $12,077

  • 23 · Insurance

    total $8,771 · program services $8,771

  • 24a · Other expenses: OTHER

    total $8 · management and general $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,285,064 · end of year $1,886,611

  • 4 · Accounts receivable

    beginning of year $212,100 · end of year $205,515

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,735 · end of year $1,562

  • 15 · Other assets

    beginning of year $7,459 · end of year $28,659

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,282

  • 27 · Net assets without donor restrictions

    beginning of year $1,491,076 · end of year $2,122,347

Mission and programs · 2023

Mission

THE MISSION IS TO ENHANCE THE UNDERSTANDING OF AND IMAGE OF THE LOUISIANA TRUCKING INDUSTRY, INCREASE HIGHWAY SAFETY AND PURSUE WORKFORCE SOLUTIONS FOR THE INDUSTRY.

  • THE ORGANIZATION PROVIDES NETWORKING TO ITS MEMBERS, PROMOTES THE TRUCKING INDUSTRY, CULTIVATES GROWTH OPPORTUNITIES FOR ITS MEMBERS, AND HELPS ITS MEMBERS COMPLY WITH REGULATORY REQUIREMENTS.

    Expenses $330,275 · Revenue $960,915

As filed on the 2023 return.

Listed in Part VII

  • Mike Beck

    TREASURER

    Total calculated
    $0
  • Tom O'Neal

    CHAIRMAN

    Total calculated
    $0
  • Greg Stewart

    BOARD MEMBER

    Total calculated
    $0
  • Larry Terrell

    BOARD MEMBER

    Total calculated
    $0
  • Ellis Vliet

    BOARD MEMBER

    Total calculated
    $0
  • Renee Amar

    EXECUTOR DIR

    Total calculated
    $0

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202520159349302372

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