Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $277,328

• 1f · All other contributions, gifts and grants

  $64,752,743

• 1g · Noncash contributions included above

  $6,031,706

• 3 · Investment income

  total $7,600,727 · excluded $7,600,727

• 5 · Royalties

  total $133,738 · excluded $133,738

• 7a · Gross sales of assets other than inventory

  securities $127,334,077 · other assets $754,953

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

  securities $120,666,844 · other assets $0

• 7c · Gain or loss

  securities $6,667,233 · other assets $754,953

• 7d · Net gain or loss

  total $7,422,186 · excluded $7,422,186

• 8a · Fundraising events: gross income

  $756,639

• 8a · Fundraising events: contributions included on line 1c

  $277,328

• 8b · Fundraising events: direct expenses

  $556,655

• 8c · Net income from fundraising events

  total $199,984 · excluded $199,984

• 11a · Other revenue: FUND MANAGEMENT FEES

  total $1,474,322 · related or exempt $1,474,322

• 11e · Other revenue, total

  $1,474,322

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $71,811,933 · program services $71,811,933

• 5 · Compensation of officers, directors and key employees

  total $1,518,124 · management and general $971,708 · fundraising $546,416

• 7 · Other salaries and wages

  total $7,287,083 · management and general $2,552,287 · fundraising $4,734,796

• 8 · Pension plan contributions

  total $484,246 · management and general $193,634 · fundraising $290,612

• 9 · Other employee benefits

  total $793,114 · management and general $236,216 · fundraising $556,898

• 10 · Payroll taxes

  total $618,496 · management and general $239,713 · fundraising $378,783

• 11b · Fees: legal

  total $292 · management and general $292

• 11c · Fees: accounting

  total $107,283 · management and general $107,283

• 11g · Fees: other

  total $3,240,838 · program services $3,143,179 · management and general $41,463 · fundraising $56,196

• 12 · Advertising and promotion

  total $69,721 · program services $69,721

• 13 · Office expenses

  total $3,805,753 · program services $2,440,334 · management and general $705,540 · fundraising $659,879

• 16 · Occupancy

  total $374,988 · program services $113,619 · management and general $147,554 · fundraising $113,815

• 17 · Travel

  total $1,261,835 · program services $1,210,635 · management and general $32,737 · fundraising $18,463

• 19 · Conferences, conventions and meetings

  total $66,052 · management and general $66,052

• 21 · Payments to affiliates

  total $2,516,721 · program services $2,459,884 · management and general $56,837

• 22 · Depreciation, depletion and amortization

  total $1,024,752 · program services $109,091 · management and general $915,661

• 23 · Insurance

  total $76,520 · program services $76,520

• 24a · Other expenses: DEVELOPMENT/PROMOTION

  total $3,237,831 · program services $2,711,590 · fundraising $526,241

• 24b · Other expenses: OTHER EXPENSES

  total $708,376 · program services $708,376

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $442,865 · program services $257,503 · management and general $73,772 · fundraising $111,590

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $122,443,443 · end of year $52,162,902

• 3 · Pledges and grants receivable

  beginning of year $65,198,888 · end of year $73,184,080

• 4 · Accounts receivable

  beginning of year $998,434 · end of year $1,235,514

• 8 · Inventories for sale or use

  beginning of year $87,908 · end of year $80,589

• 9 · Prepaid expenses and deferred charges

  beginning of year $44,146 · end of year $267,156

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

  $9,988,835

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

  $2,585,899

• 10c · Land, buildings and equipment, net

  beginning of year $7,087,980 · end of year $7,402,936

• 11 · Investments: publicly traded securities

  beginning of year $282,498,773 · end of year $360,010,519

• 12 · Investments: other securities

  beginning of year $384,596,199 · end of year $407,841,344

• 15 · Other assets

  beginning of year $18,743,143 · end of year $19,736,814

• 17 · Accounts payable and accrued expenses

  beginning of year $5,140,341 · end of year $8,290,582

• 19 · Deferred revenue

  beginning of year $1,124,575 · end of year $1,776,061

• 25 · Other liabilities

  beginning of year $139,470,844 · end of year $141,483,084

• 27 · Net assets without donor restrictions

  beginning of year $36,913,269 · end of year $39,692,236

• 28 · Net assets with donor restrictions

  beginning of year $699,049,885 · end of year $730,679,891

The filer's explanations (Part III)

PART I, LINE 1A

THE UNIVERSITY PRESIDENT MAINTAINS TWO LOCAL SOCIAL CLUB MEMBERSHIPS AS PART OF HIS EMPLOYMENT CONTRACT WITH THE UNIVERSITY. THE UNVERSITY PRESIDENT OCCASIONALLY INCLUDED HIS SPOUSE ON STRATEGIC VISITS WITH DONORS AND LEADING PEER INSTITUTIONS FOR THE PURPOSES OF ADVANCING LSU'S ACADEMIC PRIORITIES, ESPECIALLY AS IT RELATED TO SECURING TRANSFORMATIVE PHILANTHROPIC DOLLARS FOR THESE PRIORITIES.

Disregarded entities

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

• UNIVERSITY HOUSE L3C

  TO HOLD RESIDENTIAL PROPERTY · LA · income $0 · assets $0

  Directly controlled by LSU FOUNDATION

• COOK LEGACY LLC

  HOLD MINERAL RIGHTS ONCE RECEIVED · LA · income $0 · assets $0

  Directly controlled by LSU FOUNDATION