Skip to content
Nonprofiteer
← LSU REAL ESTATE AND FACILITIES FOUNDATION

Form 990 for tax year 2023

Filed by LSU REAL ESTATE AND FACILITIES FOUNDATION.

Totals

Total revenue
$23,178,850
Total expenses
$4,857,202
Contributions and grants received
$21,737,189
Grants paid
$1,064,308
Program service revenue
$0
Investment income
$415,460
Other revenue
$1,026,201
Total assets, end of year
$50,093,026
Total liabilities, end of year
$15,608,315
Net assets or fund balances, end of year
$34,484,711
Program services expenses (Part IX)
$4,275,976
Management and general expenses
$581,226
Fundraising expenses
$0
Program service expenses (Part III)
$4,275,976

Program services were 88.0% 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

    $21,737,189

  • 3 · Investment income

    total $415,460 · excluded $415,460

  • 6a · Gross rents

    real property $1,026,201

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,026,201

  • 6d · Net rental income or loss

    total $1,026,201 · excluded $1,026,201

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,064,308 · program services $1,064,308

  • 11a · Fees: management

    total $1,483,455 · program services $1,044,629 · management and general $438,826

  • 20 · Interest

    total $396,639 · program services $396,639

  • 21 · Payments to affiliates

    total $180,896 · program services $38,496 · management and general $142,400

  • 22 · Depreciation, depletion and amortization

    total $458,441 · program services $458,441

  • 24a · Other expenses: OTHER OPERATING SERVICE

    total $1,273,463 · program services $1,273,463

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $597,250 · end of year $740,851

  • 2 · Savings and temporary cash investments

    beginning of year $6,864,760 · end of year $12,479,199

  • 4 · Accounts receivable

    beginning of year $33,232 · end of year $38,734

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,581 · end of year $6,210

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

    $11,412,366

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

    $2,186,651

  • 10c · Land, buildings and equipment, net

    beginning of year $9,684,156 · end of year $9,225,715

  • 15 · Other assets

    beginning of year $9,915,321 · end of year $27,602,317

  • 17 · Accounts payable and accrued expenses

    beginning of year $162,522 · end of year $5,210,345

  • 23 · Secured mortgages and notes payable

    beginning of year $10,778,715 · end of year $10,397,970

  • 27 · Net assets without donor restrictions

    beginning of year $13,793,664 · end of year $32,370,776

  • 28 · Net assets with donor restrictions

    beginning of year $2,369,399 · end of year $2,113,935

Mission and programs · 2023

Mission

THE LSU REAL ESTATE AND FACILITIES FOUNDATION ENCOMPASSES ALL AREAS OF FACILITIES DEVELOPMENT, INCLUDING CAMPUS MASTER PLANNING, PROJECT DEVELOPMENT, REAL ESTATE TRANSACTIONS, DESIGN AND CONSTRUCTION AND FACILITIES OPERATIONS, AS WELL AS ACTIVITIES PROMOTING ENVIRONMENTAL HEALTH AND SAFETY, EMERGENCY PREPAREDNESS AND DISASTER RECOVERY THAT IMPACT LSU'S FACILITIES.

  • DONATION OF THE GEOLOGY FIELD CAMP RENOVATIONS AND THE RURAL LIFE MUSEUM STORAGE FACILITY TO THE UNIVERSITY, AS WELL AS, A PORTION OF THE GROUND LEASE RENT PAYMENT PAID BY CHARITY HOSPITAL REDEVELOPMENT LLC TO LSU HEALTH SCIENCE CENTER NEW OLREANS RELATED TO THE REDEVELOPMENT PROJECT.

    Expenses $1,064,308 · Grants $1,064,308

  • OPERATING EXPENSES INCURRED BY PILOTS POINTE, LLC FOR THE RENOVATION AND OPERATION OF STUDENT HOUSING NEXT TO LSU'S SHREVEPORT CAMPUS.

    Expenses $1,655,585

  • NON-OPERATING EXPENSES, SUCH AS DEPRECIATION AND INTEREST EXPENSES, INCURRED BY BENGAL VILLAGE, LLC RELATED TO THE STUDENT HOUSING ON LSU'S EUNICE CAMPUS.

    Expenses $543,535

  • PROFESSIONAL SERVICES PAID IN SUPPORT OF THE BURDEN WELCOME CENTER AND THE CMDA RECITAL HALL.

    Expenses $1,012,548

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

Listed in Part VII

  • CHARLES LANDRY

    DIRECTOR (THROUGH 10/21/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES MAURIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN DEBLIEUX

    DIRECTOR; CHAIR

    Total calculated
    $0
    Hours/week
    3

  • MIKE WAMPOLD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RONALD SHOLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • W CLINTON RASBERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM ADAMEK

    DIRECTOR (BEGAN 11/10/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANN TRAPPEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURIE ARONSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.05 related

  • ROGER JENKINS

    DIRECTOR, EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1 + 3.05 related

  • KIMBERLY LEWIS

    DIRECTOR, EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • ANZILLA GILMORE

    DIRECTOR, EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • ROBERT M STUART JR

    PRESIDENT & CEO

    Total calculated
    $438,235
    From this org
    $0
    From related orgs
    $418,363
    Other
    $19,872
    Hours/week
    1 + 40.05 related

    Schedule J breakdown matched by us

    Base
    $0 + $395,963 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $2,400 related
    Deferred
    $0 + $18,600 related
    Nontaxable benefits
    $0 + $1,272 related
    Filer's total
    $0 + $438,235 related

  • KATE SPIKES

    TREASURER

    Total calculated
    $297,800
    From this org
    $0
    From related orgs
    $264,621
    Other
    $33,179
    Hours/week
    1 + 40.05 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,421 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $1,200 related
    Deferred
    $0 + $15,607 related
    Nontaxable benefits
    $0 + $17,572 related
    Filer's total
    $0 + $297,800 related

  • LEU ANNE GRECO

    SECRETARY

    Total calculated
    $216,161
    From this org
    $0
    From related orgs
    $198,206
    Other
    $17,955
    Hours/week
    1 + 40.05 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,006 related
    Bonus
    $0
    Other
    $0 + $1,200 related
    Deferred
    $0 + $12,312 related
    Nontaxable benefits
    $0 + $5,643 related
    Filer's total
    $0 + $216,161 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. 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

None.

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

  • LOUISIANA STATE UNIVERSITY

    $1,064,308

    SUPPORT PROVIDED FOR LSU HEALTH SCIENCES CENTER NEW ORLEANS, CONSTRUCTION OF RURAL LIFE MUSEUM STORAGE FACILITY, AND GEOLOGY FIELD CAMP REPAIRS AND RENOVATIONS.

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.

  • LSU FOUNDATION

    501(C)(3) · FOSTER PRIVATE FINANCIAL SUPPORT FOR LSU AND AG CENTER · LA

  • LSU PROPERTY FOUNDATION

    501(C)(3) · FOSTER SUPPORT VIA GIFTS OF REAL ESTATE & EQUIPMENT FOR LSU & AG CENTER · 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.

Disregarded entities

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531349349308458

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

The source document this was parsed from is served over the API, which is where bulk and document access live.