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← FOUNDATION FOR LOUISIANA

Form 990 for tax year 2022

Filed by FOUNDATION FOR LOUISIANA.

Totals

Total revenue
$4,845,870
Total expenses
$5,272,832
Contributions and grants received
$3,851,242
Grants paid
$2,412,778
Program service revenue
$327,870
Investment income
$275,653
Other revenue
$391,105
Total assets, end of year
$16,259,098
Total liabilities, end of year
$4,299,784
Net assets or fund balances, end of year
$11,959,314
Program services expenses (Part IX)
$3,656,014
Management and general expenses
$1,265,424
Fundraising expenses
$351,394
Program service expenses (Part III)
$3,656,014

Program services were 69.3% 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.

  • 1f · All other contributions, gifts and grants

    $3,851,242

  • 2a · Program service revenue: FISCAL SPONSORSHIP INCOME

    total $327,870 · related or exempt $327,870

  • 3 · Investment income

    total $275,439 · excluded $275,439

  • 7a · Gross sales of assets other than inventory

    securities $3,298,967

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

    securities $3,298,753

  • 7c · Gain or loss

    securities $214

  • 7d · Net gain or loss

    total $214 · excluded $214

  • 11a · Other revenue: RESTITUTION

    total $195,403 · related or exempt $195,403

  • 11b · Other revenue: OTHER INCOME

    total $98,702 · related or exempt $98,702

  • 11c · Other revenue: SERVICE FEE REVENUE

    total $97,000 · related or exempt $97,000

  • 11e · Other revenue, total

    $391,105

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,313,778 · program services $2,313,778

  • 2 · Grants to domestic individuals

    total $99,000 · program services $99,000

  • 5 · Compensation of officers, directors and key employees

    total $737,721 · program services $387,843 · management and general $254,570 · fundraising $95,308

  • 7 · Other salaries and wages

    total $987,870 · program services $512,398 · management and general $341,697 · fundraising $133,775

  • 8 · Pension plan contributions

    total $151,673 · program services $88,283 · management and general $51,349 · fundraising $12,041

  • 10 · Payroll taxes

    total $164,938 · program services $63,353 · management and general $88,139 · fundraising $13,446

  • 11b · Fees: legal

    total $2,025 · management and general $2,025

  • 11c · Fees: accounting

    total $67,800 · program services $16,861 · management and general $48,456 · fundraising $2,483

  • 11f · Fees: investment management

    total $37,382 · management and general $37,382

  • 11g · Fees: other

    total $301,996 · program services $41,206 · management and general $178,506 · fundraising $82,284

  • 13 · Office expenses

    total $61,650 · program services $17,414 · management and general $40,371 · fundraising $3,865

  • 14 · Information technology

    total $91,499 · program services $42,138 · management and general $45,428 · fundraising $3,933

  • 16 · Occupancy

    total $16,303 · program services $5,833 · management and general $9,123 · fundraising $1,347

  • 17 · Travel

    total $81,525 · program services $9,456 · management and general $71,625 · fundraising $444

  • 20 · Interest

    total $9,126 · program services $9,126

  • 22 · Depreciation, depletion and amortization

    total $1,347 · program services $1,032 · management and general $315

  • 23 · Insurance

    total $9,363 · program services $1,622 · management and general $7,567 · fundraising $174

  • 24a · Other expenses: BAD DEBTS

    total $93,911 · program services $39,145 · management and general $54,766

  • 24b · Other expenses: REPAIRS & MAINTAINENCE

    total $35,058 · program services $7,347 · management and general $25,417 · fundraising $2,294

  • 24c · Other expenses: BANK FEES

    total $8,708 · program services $179 · management and general $8,529

  • 24d · Other expenses: PRINTING

    total $159 · management and general $159

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,710,328 · end of year $4,397,929

  • 3 · Pledges and grants receivable

    beginning of year $447,347 · end of year $465,105

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,288 · end of year $33,859

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

    $63,216

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

    $62,152

  • 10c · Land, buildings and equipment, net

    beginning of year $1,465 · end of year $1,064

  • 11 · Investments: publicly traded securities

    beginning of year $7,882,260 · end of year $10,906,338

  • 15 · Other assets

    beginning of year $1,099,758 · end of year $454,803

  • 17 · Accounts payable and accrued expenses

    beginning of year $213,759 · end of year $319,159

  • 18 · Grants payable

    beginning of year $687,551 · end of year $491,750

  • 21 · Escrow or custodial account liability

    beginning of year $4,020,969 · end of year $3,451,996

  • 23 · Secured mortgages and notes payable

    beginning of year $354,980

  • 25 · Other liabilities

    beginning of year $27,117 · end of year $36,879

  • 27 · Net assets without donor restrictions

    beginning of year $4,667,159 · end of year $3,985,283

  • 28 · Net assets with donor restrictions

    beginning of year $7,195,911 · end of year $7,974,031

Mission and programs · 2022

Mission

THE MISSION OF THE FOUNDATION FOR LOUISIANA IS TO INVEST IN PEOPLE AND PRACTICES THAT WORK TO REDUCE VULNERABILITY AND BUILD STRONGER, MORE SUSTAINABLE COMMUNITIES STATEWIDE.

Activities or mission (Part I)

THE FOUNDATION FOR LOUISIANA IS A CATALYST FOR JUSTICE. FFL INVESTS IN (CONTINUED ON SCHEDULE O) COMMUNITIES AND IDEAS, BUILDS PARTNERSHIPS, AND TRANSFORMS POLICIES AND SYSTEMS FOR AN EQUITABLE, STRONGER LOUISIANA.

  • FOUNDATION FOR LOUISIANA (FFL) IS A SOCIAL JUSTICE PHILANTHROPIC INTERMEDIARY FOUNDED IN 2005 AS THE LOUISIANA DISASTER RECOVERY FOUNDATION TO INVEST IN THE IMMEDIATE RECOVERY OF LOUISIANA'S COMMUNITIES AFTER HURRICANE KATRINA. WHILE FFL WAS FOUNDED IN THE WAKE OF HURRICANE KATRINA, OUR FOUNDERS RECOGNIZED THE NEED TO ADDRESS THE LONGSTANDING INEQUITIES THAT HAVE SHAPED LIFE OUTCOMES FOR THE MOST MARGINALIZED OF LOUISIANANS. OUR PROGRAMS GREW IN RESPONSE TO THESE NEEDS, AND TODAY FFL FOCUSES ON RACIAL JUSTICE, CLIMATE JUSTICE, CRIMINAL JUSTICE REFORM, AND TRANSFORMAION, ECONOMIC JUSTICE, GENDER JUSTICE, AND SUPPORT FOR LOUISIANA'S VIBRANT ARTS AND CULTURE BEARERS VIA: (1) INVESTMENT: AS A PHILANTHROPIC INTERMEDIARY, WE REDISTRIBUTE RESOURCES TO ON THE GROUND PROJECTS (CONTINUED ON SCHEDULE O) THROUGHOUT LOUISIANA, THROUGH GRANTS, REGRANTING, AND LENDING RESOURCES TO ON THE GROUND PROJECTS MANY OF WHOM CAN'T ACCESS TRADITIONAL PHILANTHROPY. EACH YEAR, FFL REDISTRIBUTES APPROXIMATELY $2 MILLION TO SUPPORT ORGANIZATIONS AND PROJECTS THROUGHOUT LOUISIANA IN OUR KEY PROGRAM AREAS. (2) POWER BUILDING: WE BUILD THE CAPACITY OF OUR PARTNERS AND GRANTEES TO EFFECT CHANGE IN THEIR COMMUNITIES. OUR SIGNATURE PROGRAMS, LEAD AND TOGETHER, CONVENE EMERGING AND EXPERIENCED COMMUNITY LEADERS TO PROVIDE TRAINING RELATED TO ORGANIZING, ADVOCACY, POLICY CHANGE, LEADERSHIP, PUBLIC SPEAKING, AND GROUP FACILITATION THAT INCREASES THEIR CAPACITY TO TACKLE ISSUES OF CLIMATE CHANGE, POLICE ACCOUNTABILITY, HEALTH DISPARITIES, HOUSING ACCESS, AND MORE. (3) COLLABORATION: WE DEVELOP COLLABORATIVE INITIATIVES THROUGH LEVERAGING PUBLIC AND PRIVATE PARTNERS TO IMPACT CHANGE, SUPPORT PUBLIC POLICY INITIATIVES, AND PROVIDE CRITICAL FISCAL SPONSORSHIP AND MANAGEMENT TO EXTERNAL PROJECTS AND SPECIAL INITIATIVES.

    Expenses $3,656,014 · Grants $2,412,778 · Revenue $718,975

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Pamela Jenkins

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Jainey Bavishi Thru 132023

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • May T Nguyen

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Michelle Ramos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Halima Leak-Francis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lt General Russel Honore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Flozell Daniels Jr

    CEO

    Total calculated
    $178,668
    From this org
    $165,524
    From related orgs
    $0
    Other
    $13,144
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,524
    Bonus
    $0
    Other
    $0
    Deferred
    $5,701
    Nontaxable benefits
    $7,443
    Filer's total
    $178,668

  • Charmel Gaulden

    COO

    Total calculated
    $167,670
    From this org
    $155,866
    From related orgs
    $0
    Other
    $11,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,366
    Bonus
    $500
    Other
    $0
    Deferred
    $3,364
    Nontaxable benefits
    $8,440
    Filer's total
    $167,670

  • Maria Cherry Rangel

    DIRECTOR OF STRATEGIC INIT

    Total calculated
    $115,189
    From this org
    $105,811
    From related orgs
    $0
    Other
    $9,378
    Hours/week
    40

  • Dana Delpit

    CFO

    Total calculated
    $138,833
    From this org
    $117,837
    From related orgs
    $0
    Other
    $20,996
    Hours/week
    40

  • Jamie Schmill

    VICE PRESIDENT OF PROGRAMS

    Total calculated
    $137,361
    From this org
    $110,711
    From related orgs
    $0
    Other
    $26,650
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • FFL INVESTMENTS LLC

    HOLDING COMPANY FOR PROPERTY · LA · income $0 · assets $0

Provenance

Return type
form_990
Tax year
2022
Filed
11 April 2024
IRS schema version
2022v5.0
Source object
202421069349301612

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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