Form 990 for tax year 2024

Filed by LSU IN SHREVEPORT FOUNDATION INC.

Totals

Total revenue: $2,763,181
Total expenses: $2,170,322
Contributions and grants received: $1,479,289
Grants paid: $709,969
Program service revenue: $0
Investment income: $1,120,878
Other revenue: $163,014
Total assets, end of year: $36,784,495
Total liabilities, end of year: $10,145,777
Net assets or fund balances, end of year: $26,638,718
Program services expenses (Part IX): $1,641,830
Management and general expenses: $480,749
Fundraising expenses: $47,743
Program service expenses (Part III): $1,641,830

Program services were 75.6% 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.

1b · Membership dues

$121,844
1f · All other contributions, gifts and grants

$1,357,445
3 · Investment income

total $967,632 · excluded $967,632
7a · Gross sales of assets other than inventory

securities $855,438
7b · Less cost or other basis and sales expenses

securities $702,192
7c · Gain or loss

securities $153,246
7d · Net gain or loss

total $153,246 · excluded $153,246
11a · Other revenue: ENDOWMENT MGMT FEES

total $163,014 · related or exempt $163,014
11e · Other revenue, total

$163,014

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $709,969 · program services $709,969
11c · Fees: accounting

total $56,014 · management and general $56,014
11f · Fees: investment management

total $45,304 · management and general $45,304
12 · Advertising and promotion

total $77,477 · management and general $77,477
17 · Travel

total $207,881 · program services $203,432 · management and general $3,609 · fundraising $840
19 · Conferences, conventions and meetings

total $77,981 · program services $52,666 · management and general $23,790 · fundraising $1,525
22 · Depreciation, depletion and amortization

total $2,662 · management and general $2,662
24a · Other expenses: STUDENT SERVICES AND IN

total $349,959 · program services $349,959
24b · Other expenses: PROGRAM ADMINISTRATION

total $267,373 · management and general $267,373
24c · Other expenses: EQUIPMENT AND REPAIRS

total $92,928 · program services $92,928
24d · Other expenses: ATHLETICS

total $61,619 · program services $61,619
24e · All other expenses

total $221,155 · program services $171,257 · management and general $4,520 · fundraising $45,378

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $490,291 · end of year $102,644
2 · Savings and temporary cash investments

beginning of year $908,869 · end of year $1,258,333
9 · Prepaid expenses and deferred charges

beginning of year $11,144 · end of year $68,368
10a · Land, buildings and equipment: cost or other basis

$149,000
10b · Land, buildings and equipment: accumulated depreciation

$14,670
10c · Land, buildings and equipment, net

beginning of year $132,991 · end of year $134,330
11 · Investments: publicly traded securities

beginning of year $32,408,256 · end of year $35,162,742
15 · Other assets

beginning of year $15,333 · end of year $58,078
17 · Accounts payable and accrued expenses

beginning of year $529,286 · end of year $346,767
25 · Other liabilities

beginning of year $9,113,300 · end of year $9,799,010
27 · Net assets without donor restrictions

beginning of year $526,667 · end of year $460,722
28 · Net assets with donor restrictions

beginning of year $23,797,631 · end of year $26,177,996

Mission and programs · 2024

Mission

THE FOUNDATION'S GOAL IS TO PROMOTE THE EDUCATION AND CULTURAL WELFARE OF LOUISIANA STATE UNIVERSITY IN SHREVEPORT (LSUS). THE FOUNDATION'S ACTIVITIES INCLUDE MANAGEMENT OF GIFTS, GRANTS AND ENDOWMENTS FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS, RESEARCH ACTIVITIES AND ANY OTHER SUCH BENEFIT FOR LSUS AND ITS FACULTY AND STUDENTS AS MAY BE PRESCRIBED BY DONORS.

Activities or mission (Part I)

THE LSUS FOUNDATION IS A 501(C)(3) NONPROFIT CORPORATION WHOSE SOLE MISSION IS TO FOSTER PRIVATE SUPPORT FOR LOUISIANA STATE UNIVERSITY IN SHREVEPORT, MANAGE INVESTMENTS, AND SERVE AS TRUSTEE FOR FUNDS AND OTHER CONTRIBUTED ASSETS FOR BENEFIT OF THE UNIVERSITY. THE LSUS FOUNDATION PROMOTES PHILANTHROPIC SUPPORT FOR LSUS PROGRAMS AND AREAS OF STUDY WHILE RECOGNIZING THE ALL-IMPORTANT GROWTH AND SUCCESS OF ECONOMIC DEVELOPMENT IN NORTHWEST LOUISIANA.

THE LSUS FOUNDATION COLLECTS FUNDS AND SPENDS THEM FOR SCHOLARSHIPS, RESEARCH, AND OTHER BENEFITS FOR LSUS AS MAY BE PRESCRIBED BY THE DONORS OF THE FOUNDATION.

Expenses $1,641,830 · Grants $709,969 · Revenue $163,014

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Wayne BrownWAYNE BROWN

DIRECTOR

Total calculated

$0

Hours/week

1
Michael H WoodsMICHAEL H WOODS

SECRETARY/TREASURER

Total calculated

$0

Hours/week

2
Brian HammBRIAN HAMM

DIRECTOR

Total calculated

$0

Hours/week

1
George FritzeGEORGE FRITZE

DIRECTOR

Total calculated

$0

Hours/week

1
Sidney E KentSIDNEY E KENT

DIRECTOR

Total calculated

$0

Hours/week

1
Dr Lane RosenDR LANE ROSEN

DIRECTOR

Total calculated

$0

Hours/week

1
B Bruce SimonB BRUCE SIMON

DIRECTOR

Total calculated

$0

Hours/week

1
Edie WilliamsEDIE WILLIAMS

DIRECTOR

Total calculated

$0

Hours/week

1
Hardy ForemanHARDY FOREMAN

PRESIDENT

Total calculated

$0

Hours/week

2
Stephen R Yancey IISTEPHEN R YANCEY II

IMMEDIATE PAST PRESIDENT

Total calculated

$0

Hours/week

1
Merritt ChastainMERRITT CHASTAIN

DIRECTOR

Total calculated

$0

Hours/week

1
Susan HardtnerSUSAN HARDTNER

DIRECTOR

Total calculated

$0

Hours/week

1
Terry MooreTERRY MOORE

DIRECTOR

Total calculated

$0

Hours/week

1
Mike McCarthyMIKE MCCARTHY

DIRECTOR

Total calculated

$0

Hours/week

1
Janie RichardsonJANIE RICHARDSON

DIRECTOR

Total calculated

$0

Hours/week

1
Stefani Y'BarboSTEFANI Y'BARBO

DIRECTOR

Total calculated

$0

Hours/week

1
Mike TurnerMIKE TURNER

DIRECTOR

Total calculated

$0

Hours/week

1
Brian NewtonBRIAN NEWTON

DIRECTOR

Total calculated

$0

Hours/week

1
Laura PerdueLAURA PERDUE

EXECUTIVE DIRECTOR

Total calculated

$144,950

From this org

$0

From related orgs

$136,168

Other

$8,782

Hours/week

40

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

LOUISIANA STATE UNIVERSITY IN SHREVEPORT

$679,969

SCHOLARSHIPS, RESEARCH, OTHER BENEFITS FOR LSUS
FILM PRIZE FOUNDATION INC

$30,000

FILM PRODUCTION ABOUT WINNING LSUS BASEBALL SEASON

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.

LOUISIANA STATE UNIVERSITY IN SHREVEPORT

501(C)(3) · UNIVERSITY · 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.

LSUS REALTY LLC

TO ACCEPT PROPERTY DONATED TO LSUS FOUNDATION, INC · LA · income -$160,669 · assets $1,685,179

Provenance

Return type: form_990
Tax year: 2024
Filed: 24 April 2026
IRS schema version: 2024v5.5
Source object: 202601349349310900

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