Form 990 for tax year 2024
Filed by FRIENDS OF THE LOUISIANA STATE UNIVERSITY MUSEUM OF ART.
Totals
- Total revenue
- $210,099
- Total expenses
- $265,095
- Contributions and grants received
- $208,099
- Grants paid
- $0
- Program service revenue
- $2,000
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $238,526
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $238,526
- Program services expenses (Part IX)
- $257,853
- Management and general expenses
- $7,242
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $257,853
Program services were 97.3% 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.
-
1e · Government grants (contributions)
$17,000
-
1f · All other contributions, gifts and grants
$191,099
-
2a · Program service revenue: Membership Dues & Assessments
total $2,000 · related or exempt $2,000
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $12,288 · program services $10,445 · management and general $1,843
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $35,408 · program services $30,097 · management and general $5,311
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Cutorial Expense
total $198,433 · program services $198,433
-
24b · Other expenses: Events
total $18,382 · program services $18,382
-
24c · Other expenses: Photographers
total $500 · program services $425 · management and general $75
-
24d · Other expenses: Memberships
total $84 · program services $71 · management and general $13
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $293,522 · end of year $238,526
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $293,522 · end of year $238,526
Mission and programs · 2024
Mission
The purpose of the organization is to support the financial well being and advancement of the programs and activities of the LSU Museum of Art.
-
The purpose of the organization is to support the financial well being and advancement of the programs and activities of the LSU Museum of Art.
Expenses $257,853
As filed on the 2024 return.
Listed in Part VII
-
Clarke Gernon Jr
President
- Total calculated
- $0
- Hours/week
- 2
-
Brad Way
Vice Pres
- Total calculated
- $0
- Hours/week
- 2
-
Jim Fairchild
Sec/Treas
- Total calculated
- $0
- Hours/week
- 2
-
Brad Borgoyne
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mandy LeCerte
Director
- Total calculated
- $0
- Hours/week
- 2
-
Claire Major
Director
- Total calculated
- $0
- Hours/week
- 2
-
Leone Eliott Jr
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ann Wilkinson
Director
- Total calculated
- $0
- Hours/week
- 2
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202611319349302316
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.