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Nonprofiteer
← LABI FOUNDATION

Form 990 for tax year 2022

Filed by LABI FOUNDATION.

Totals

Total revenue
$383,943
Total expenses
$460,672
Contributions and grants received
$265,000
Grants paid
$325,000
Program service revenue
$118,943
Investment income
$0
Other revenue
$0
Total assets, end of year
$76,238
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$76,238
Program services expenses (Part IX)
$459,357
Management and general expenses
$1,315
Fundraising expenses
$0
Program service expenses (Part III)
$459,357

Program services were 99.7% 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

    $265,000

  • 2a · Program service revenue: Conferences & Seminars

    total $118,943 · related or exempt $118,943

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $325,000 · program services $325,000

  • 11c · Fees: accounting

    total $1,050 · management and general $1,050

  • 11g · Fees: other

    total $13,500 · program services $13,500

  • 19 · Conferences, conventions and meetings

    total $120,857 · program services $120,857

  • 24a · Other expenses: Bank Fees

    total $265 · management and general $265

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $140,038 · end of year $76,238

  • 4 · Accounts receivable

    beginning of year $12,929

  • 27 · Net assets without donor restrictions

    beginning of year $152,967 · end of year $76,238

Mission and programs · 2022

Mission

To partner with business leaders to educate and help deliver successful strategies to maximize Louisiana's economic potential by offering educational materials and programs on areas of importance in Louisiana.

  • Hosted numerous education events, conferences and seminars open to businesses and the public.

    Expenses $120,857 · Revenue $118,943

  • Offered educational materials and programs on issues of importance in the State of Louisiana. These activities include, but are not limited to, panel discussions, conferences, presentations, research and communications that are beneficial to the mission of LABI Foundation.

    Expenses $338,500 · Grants $325,000

As filed on the 2022 return.

Listed in Part VII

  • Maura Donahue

    President

    Total calculated
    $0
    Hours/week
    1

  • Reldon Owens

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Clay Allen

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Christopher Kinsey

    Director

    Total calculated
    $0
    Hours/week
    1

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202313119349300441

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

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