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Nonprofiteer
← LSU IN SHREVEPORT FOUNDATION INC

Form 990 for tax year 2023

Filed by LSU IN SHREVEPORT FOUNDATION INC.

Totals

Total revenue
$3,037,741
Total expenses
$2,624,786
Contributions and grants received
$1,316,841
Grants paid
$1,212,650
Program service revenue
$0
Investment income
$1,533,058
Other revenue
$187,842
Total assets, end of year
$33,966,884
Total liabilities, end of year
$9,642,586
Net assets or fund balances, end of year
$24,324,298
Program services expenses (Part IX)
$2,032,804
Management and general expenses
$494,445
Fundraising expenses
$97,537
Program service expenses (Part III)
$2,032,804

Program services were 77.4% 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.

  • 1b · Membership dues

    $55,984

  • 1f · All other contributions, gifts and grants

    $1,260,857

  • 3 · Investment income

    total $981,057 · excluded $981,057

  • 7a · Gross sales of assets other than inventory

    securities $6,442,683

  • 7b · Less cost or other basis and sales expenses

    securities $5,890,682

  • 7c · Gain or loss

    securities $552,001

  • 7d · Net gain or loss

    total $552,001 · excluded $552,001

  • 11a · Other revenue: ENDOWMENT MGMT FEES

    total $157,328 · related or exempt $157,328

  • 11b · Other revenue: OTHER REVENUE

    total $30,514 · related or exempt $30,514

  • 11e · Other revenue, total

    $187,842

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,212,650 · program services $1,212,650

  • 11c · Fees: accounting

    total $56,586 · management and general $56,586

  • 11f · Fees: investment management

    total $43,949 · management and general $43,949

  • 12 · Advertising and promotion

    total $78,268 · management and general $78,268

  • 17 · Travel

    total $140,547 · program services $137,019 · management and general $1,285 · fundraising $2,243

  • 19 · Conferences, conventions and meetings

    total $80,712 · program services $49,846 · management and general $24,032 · fundraising $6,834

  • 22 · Depreciation, depletion and amortization

    total $2,529 · management and general $2,529

  • 24a · Other expenses: STUDENT SERVICES AND IN

    total $287,149 · program services $287,149

  • 24b · Other expenses: PROGRAM ADMINISTRATION

    total $280,754 · management and general $280,754

  • 24c · Other expenses: OPERATION AND MAINTENAN

    total $114,581 · program services $114,581

  • 24d · Other expenses: UNIVERSITY SUPPORT PROG

    total $77,787 · fundraising $77,787

  • 24e · All other expenses

    total $249,274 · program services $231,559 · management and general $7,042 · fundraising $10,673

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $574,198 · end of year $490,291

  • 2 · Savings and temporary cash investments

    beginning of year $946,124 · end of year $908,869

  • 3 · Pledges and grants receivable

    beginning of year $9,233

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,287 · end of year $11,144

  • 10a · Land, buildings and equipment: cost or other basis

    $145,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,009

  • 10c · Land, buildings and equipment, net

    beginning of year $135,520 · end of year $132,991

  • 11 · Investments: publicly traded securities

    beginning of year $28,008,844 · end of year $32,408,256

  • 12 · Investments: other securities

    beginning of year $1,179,117

  • 15 · Other assets

    beginning of year $33,048 · end of year $15,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,577 · end of year $529,286

  • 25 · Other liabilities

    beginning of year $8,351,080 · end of year $9,113,300

  • 27 · Net assets without donor restrictions

    beginning of year $611,560 · end of year $526,667

  • 28 · Net assets with donor restrictions

    beginning of year $21,872,154 · end of year $23,797,631

Mission and programs · 2023

Mission

THE FOUNDATION'S GOAL IS TO PROMOTE THE EDUCATION AND CULTURAL WELFARE OF LOUISIANA STATE UNIVERSITY IN SHREVEPORT (LSUS). THE FOUNDATION'S ACTIVITIES INCLUDE MANAGEMENT OF GIFTS, GRANTS AND ENDOWMENTS FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS, RESEARCH ACTIVITIES AND ANY OTHER SUCH BENEFIT FOR LSUS AND ITS FACULTY AND STUDENTS AS MAY BE PRESCRIBED BY DONORS.

Activities or mission (Part I)

THE LSUS FOUNDATION IS A 501(C)(3) NONPROFIT CORPORATION WHOSE SOLE MISSION IS TO FOSTER PRIVATE SUPPORT FOR LOUISIANA STATE UNIVERSITY IN SHREVEPORT, MANAGE INVESTMENTS, AND SERVE AS TRUSTEE FOR FUNDS AND OTHER CONTRIBUTED ASSETS FOR BENEFIT OF THE UNIVERSITY. THE LSUS FOUNDATION PROMOTES PHILANTHROPIC SUPPORT FOR LSUS PROGRAMS AND AREAS OF STUDY WHILE RECOGNIZING THE ALL-IMPORTANT GROWTH AND SUCCESS OF ECONOMIC DEVELOPMENT IN NORTHWEST LOUISIANA.

  • THE LSUS FOUNDATION COLLECTS FUNDS AND SPENDS THEM FOR SCHOLARSHIPS, RESEARCH, AND OTHER BENEFITS FOR LSUS AS MAY BE PRESCRIBED BY THE DONORS OF THE FOUNDATION.

    Expenses $2,032,804 · Grants $1,212,650 · Revenue $187,842

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICKEY CALLAWAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WAYNE BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES K ELROD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL H WOODS

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • BRIAN HAMM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE FRITZE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SIDNEY E KENT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR LANE ROSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR PHILLIP ROZEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • B BRUCE SIMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EDIE WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HARDY FOREMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • DR SANDRA A MCCALLA

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN R YANCEY II

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MERRITT CHASTAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN HARDTNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERRY MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE MCCARTHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANIE RICHARDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEFANI Y'BARBO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE TURNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CURTIS JOSEPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA PERDUE

    EXECUTIVE DIRECTOR

    Total calculated
    $144,951
    From this org
    $0
    From related orgs
    $136,891
    Other
    $8,060
    Hours/week
    40

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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LSUS REALTY LLC

    TO ACCEPT PROPERTY DONATED TO LSUS FOUNDATION, INC · LA · income $123,896 · assets $1,857,216

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202531349349304668

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