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Nonprofiteer
← LMTA FOUNDATION INC

Form 990 for tax year 2024

Filed by LMTA FOUNDATION INC.

Totals

Total revenue
$999,855
Total expenses
$577,898
Contributions and grants received
$947,655
Grants paid
$0
Program service revenue
$0
Investment income
$32,816
Other revenue
$19,384
Total assets, end of year
$2,548,614
Total liabilities, end of year
$4,310
Net assets or fund balances, end of year
$2,544,304
Program services expenses (Part IX)
$479,528
Management and general expenses
$98,370
Fundraising expenses
$0
Program service expenses (Part III)
$479,528

Program services were 83.0% 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)

    $947,655

  • 3 · Investment income

    total $32,816 · excluded $32,816

  • 6a · Gross rents

    real property $19,384

  • 6c · Rental income or loss

    real property $19,384

  • 6d · Net rental income or loss

    total $19,384 · excluded $19,384

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $180,485 · program services $180,485

  • 11b · Fees: legal

    total $4,011 · program services $4,011

  • 11c · Fees: accounting

    total $11,300 · program services $11,300

  • 11g · Fees: other

    total $1,800 · program services $1,800

  • 12 · Advertising and promotion

    total $267,785 · program services $267,785

  • 13 · Office expenses

    total $24,713 · management and general $24,713

  • 14 · Information technology

    total $3,412 · management and general $3,412

  • 16 · Occupancy

    total $27,930 · management and general $27,930

  • 17 · Travel

    total $2,791 · management and general $2,791

  • 19 · Conferences, conventions and meetings

    total $13,642 · program services $4,047 · management and general $9,595

  • 22 · Depreciation, depletion and amortization

    total $29,700 · management and general $29,700

  • 23 · Insurance

    total $10,100 · program services $10,100

  • 24a · Other expenses: TAX AND LICENSES

    total $170 · management and general $170

  • 24b · Other expenses: BANK CHARGES

    total $59 · management and general $59

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,886,611 · end of year $175,568

  • 2 · Savings and temporary cash investments

    end of year $929,118

  • 4 · Accounts receivable

    beginning of year $205,515 · end of year $217,680

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,562 · end of year $12,964

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

    $1,233,568

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

    $29,700

  • 10c · Land, buildings and equipment, net

    end of year $1,203,868

  • 15 · Other assets

    beginning of year $28,659 · end of year $9,416

  • 17 · Accounts payable and accrued expenses

    end of year $4,310

  • 27 · Net assets without donor restrictions

    beginning of year $2,122,347 · end of year $2,544,304

Mission and programs · 2024

Mission

THE MISSION IS TO ENHANCE THE UNDERSTANDING OF AND IMAGE OF THE LOUISIANA TRUCKING INDUSTRY, INCREASE HIGHWAY SAFETY AND PURSUE WORKFORCE SOLUTIONS FOR THE INDUSTRY.

  • THE ORGANIZATION PROVIDES NETWORKING TO ITS MEMBERS, PROMOTES THE TRUCKING INDUSTRY, CULTIVATES GROWTH OPPORTUNITIES FOR ITS MEMBERS, AND HELPS ITS MEMBERS COMPLY WITH REGULATORY REQUIREMENTS.

    Expenses $479,528

As filed on the 2024 return.

Listed in Part VII

  • MIKE BECK

    TREASURER

    Total calculated
    $0
  • TOM O'NEAL

    CHAIRMAN

    Total calculated
    $0
  • GREG STEWART

    BOARD MEMBER

    Total calculated
    $0
  • LARRY TERRELL

    BOARD MEMBER

    Total calculated
    $0
  • ELLIS VLIET

    BOARD MEMBER

    Total calculated
    $0
  • RENEE AMAR

    EXECUTOR DIR

    Total calculated
    $0

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
9 November 2025
IRS schema version
2024v5.0
Source object
202513189349306496

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