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← LSU REAL ESTATE AND FACILITIES FOUNDATION

Form 990 for tax year 2022

Filed by LSU REAL ESTATE AND FACILITIES FOUNDATION.

Totals

Total revenue
$6,124,514
Total expenses
$3,014,669
Contributions and grants received
$4,799,844
Grants paid
$643,295
Program service revenue
$0
Investment income
$295,947
Other revenue
$1,028,723
Total assets, end of year
$27,277,819
Total liabilities, end of year
$11,114,756
Net assets or fund balances, end of year
$16,163,063
Program services expenses (Part IX)
$2,962,204
Management and general expenses
$52,465
Fundraising expenses
$0
Program service expenses (Part III)
$2,962,204

Program services were 98.3% 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

    $4,799,844

  • 3 · Investment income

    total $295,947 · excluded $295,947

  • 6a · Gross rents

    real property $1,028,723

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,028,723

  • 6d · Net rental income or loss

    total $1,028,723 · excluded $1,028,723

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $643,295 · program services $643,295

  • 11a · Fees: management

    total $523,712 · program services $523,712

  • 20 · Interest

    total $407,989 · program services $407,989

  • 21 · Payments to affiliates

    total $38,876 · program services $38,876

  • 22 · Depreciation, depletion and amortization

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

  • 24a · Other expenses: OTHER OPERATING SERVICE

    total $942,356 · program services $889,891 · management and general $52,465

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,004,252 · end of year $7,462,009

  • 4 · Accounts receivable

    beginning of year $139,140 · end of year $206,752

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,748 · end of year $9,581

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

    $11,412,366

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

    $1,728,210

  • 10c · Land, buildings and equipment, net

    beginning of year $10,142,597 · end of year $9,684,156

  • 15 · Other assets

    beginning of year $5,244,910 · end of year $9,915,321

  • 17 · Accounts payable and accrued expenses

    beginning of year $382,678 · end of year $336,041

  • 23 · Secured mortgages and notes payable

    beginning of year $11,151,759 · end of year $10,778,715

  • 27 · Net assets without donor restrictions

    beginning of year $11,521,302 · end of year $13,793,664

  • 28 · Net assets with donor restrictions

    beginning of year $1,531,908 · end of year $2,369,399

Mission and programs · 2022

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.

  • THE PORTION OF THE GROUND LEASE RENT PAYMENT PAID BY CHARITY HOSPITAL REDEVELOPMENT LLC TO LSU HEALTH SCIENCES CENTER NEW ORLEANS RELATED TO THE REDEVELOPMENT PROJECT.

    Expenses $125,000 · Grants $125,000

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

    Expenses $1,600,012

  • 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 $551,477

  • OTHER EXPENDITURES - PREDOMINATELY MISCELLANEOUS EXPENSES INCURRED BY PILOTS POINTE, LLC FOR OPERATING EXPENSES OF STUDENT HOUSING NEXT TO LSU'S SHREVEPORT CAMPUS.

    Expenses $685,715 · Grants $518,295

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

Listed in Part VII

  • CHARLES LANDRY

    CHAIRMAN (7/1/2022 - 12/31/2022)

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • GARY GRAPHIA

    DIRECTOR (7/1/2022 - 9/28/2022)

    Total calculated
    $0
    Hours/week
    1

  • JAMES MAURIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN DEBLIEUX

    DIRECTOR;CHAIRMAN (1/1/2023-PRESENT)

    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

  • ANN TRAPPEY

    DIRECTOR (9/27/2022 - PRESENT)

    Total calculated
    $0
    Hours/week
    1

  • R WAYNE BROWN

    DIRECTOR (7/1/2022 - 12/31/2022)

    Total calculated
    $0
    Hours/week
    1 + 0.05 related

  • LAURIE ARONSON

    DIRECTOR (11/4/2022 - PRESENT)

    Total calculated
    $0
    Hours/week
    1 + 0.05 related

  • ROBERT M STUART JR

    PRESIDENT & CEO

    Total calculated
    $413,290
    From this org
    $0
    From related orgs
    $393,865
    Other
    $19,425
    Hours/week
    1 + 40.05 related

    Schedule J breakdown matched by us

    Base
    $0 + $366,465 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $2,400 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $1,125 related
    Filer's total
    $0 + $413,290 related

  • KATE SPIKES

    TREASURER

    Total calculated
    $260,958
    From this org
    $0
    From related orgs
    $229,489
    Other
    $31,469
    Hours/week
    1 + 40.05 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,289 related
    Bonus
    $0
    Other
    $0 + $1,200 related
    Deferred
    $0 + $14,287 related
    Nontaxable benefits
    $0 + $17,182 related
    Filer's total
    $0 + $260,958 related

  • LEU ANNE GRECO

    SECRETARY

    Total calculated
    $205,005
    From this org
    $0
    From related orgs
    $187,769
    Other
    $17,236
    Hours/week
    1 + 40.05 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,569 related
    Bonus
    $0
    Other
    $0 + $1,200 related
    Deferred
    $0 + $11,759 related
    Nontaxable benefits
    $0 + $5,477 related
    Filer's total
    $0 + $205,005 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

    $643,295

    SUPPORT PROVIDED FOR ARCHITECTURAL SERVICES RELATED TO LSU'S MOBILITY TRANSIT HUB AND LANDSCAPE SERVICES FOR HILLTOP ARBORETUM.

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.

  • BENGAL VILLAGE LLC

    ACQUISITION OF LSU-E STUDENT HOUSING · LA · income $456,646 · assets $5,533,220

  • BURDEN MUSEUM & GARDENS LLC

    RENOVATION OF LSU AGCENTER BOTANIC GARDENS AT BURDEN WELCOME CENTER · LA · income $716,711 · assets $1,229,355

  • CHARITY HOSPITAL REDEVELOPMENT LLC

    RENOVATION OF CHARITY HOSPITAL IN NEW ORLEANS · LA · income $250,195 · assets $964

  • GEOLOGY FIELD CAMP LLC

    CONSTRUCTION/RENOVATION OF FACILITIES W/IN THE GEOLOGY FIELD CAMP · LA · income $148,053 · assets $179,022

  • GREENHOUSE DISTRICT PROJECT LLC

    RENOVATION AND CONSTRUCTION OF STUDENT HOUSING AND GREENHOUSES · LA · income $2,435 · assets $0

  • HILLTOP ARBORETUM PROJECTS LLC

    CONSTRUCTION/RENOVATION OF FACILITIES RELATED TO HILLTOP ARBORETUM MASTER · LA · income $30 · assets $0

  • LSU-A ALLIED HEALTH FACILITY LLC

    RENOVATION OF VACANT BUILDING ON LSU-A CAMPUS FOR ALLIED HEALTH PROGRAM · LA · income $35 · assets $0

  • LSU-A STUDENT SERVICE BUILDING LLC

    CONSTRUCTION OF STUDENT SERVICE BUILDING ON LSU-A CAMPUS · LA · income $26,610 · assets $26,575

  • MEMORIAL TOWER PLAZA LLC

    CONSTRUCTION OF DISPLAYS AND IMPROVEMENTS TO THE MEMORIAL TOWER PLAZA · LA · income $14,740 · assets $0

  • PILOTS POINTE LLC

    RENOVATION OF STUDENT HOUSING · LA · income $1,778,417 · assets $4,963,109

  • RECITAL HALL LLC

    CONSTRUCTION/RENOVATION OF FACILITIES W/IN COLLEGE OF MUSIC & DRAMATIC ARTS · LA · income $35 · assets $882,489

  • ULS LLC

    CONSTRUCTION/RENOVATION OF FACILITIES W/IN UNIVERSITY LAB SCHOOL · LA · income $35 · assets $48,517

  • UNIVERSITY LAKES LLC

    IMPROVEMENTS TO UNIVERSITY LAKES · LA · income $1,759,746 · assets $12,278,961

  • MOBILITY TRANSIT LLC

    RESTORATION OF LSU MOBILITY TRANSIT HUB & STUDENT UNION LOT · LA · income $35 · assets $5,399

  • HUEY P LONG FIELDHOUSE LLC

    CONSTRUCTION/RENOVATIONS TO HPL FIELDHOUSE · LA · income $116,142 · assets $116,247

  • UTILITIES MODERNIZATION LLC

    EXTENSIVE IMPROVEMENTS OF LSU'S UTILITIES INFRASTRUCTURE. · LA · income $35 · assets $0

  • BSL3 LAB LLC

    CONSTRUCTION OF BIOLOGICAL SAFETY LEVEL 3 LAB FOR SCHOOL OF VET. MEDICINE · LA · income $35 · assets $0

  • HSC-NO PROPERTY REDEVELOPMENT LLC

    REDEVELOPMENT OF PROPERTIES SURROUNDING CHARITY HOSPITAL · LA · income $105 · assets $0

  • LSU-A DEVELOPMENT LLC

    IMPLEMENTATION OF A MIXED-USE DEVELOPMENT FOR THE LSU ALEXANDRIA CAMPUS · LA · income $100,000 · assets $0

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401359349304705

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