Form 990 for tax year 2023
Filed by LOUISIANA TECH UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $45,803,915
- Total expenses
- $34,299,743
- Contributions and grants received
- $41,036,024
- Grants paid
- $28,554,891
- Program service revenue
- $0
- Investment income
- $1,919,390
- Other revenue
- $2,848,501
- Total assets, end of year
- $134,528,157
- Total liabilities, end of year
- $59,231,706
- Net assets or fund balances, end of year
- $75,296,451
- Program services expenses (Part IX)
- $28,554,891
- Management and general expenses
- $4,258,711
- Fundraising expenses
- $1,486,141
- Program service expenses (Part III)
- $28,554,891
Program services were 83.3% 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)
$10,000,000
-
1f · All other contributions, gifts and grants
$31,036,024
-
1g · Noncash contributions included above
$731,085
-
3 · Investment income
total $1,768,336 · excluded $1,768,336
-
6a · Gross rents
real property $541,152
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $541,152
-
6d · Net rental income or loss
total $541,152 · excluded $541,152
-
7a · Gross sales of assets other than inventory
securities $5,138,824 · other assets $25,000
-
7b · Less cost or other basis and sales expenses
securities $4,994,316 · other assets $18,454
-
7c · Gain or loss
securities $144,508 · other assets $6,546
-
7d · Net gain or loss
total $151,054 · excluded $151,054
-
11a · Other revenue: SERVICE CHARGES
total $2,276,145 · related or exempt $2,276,145
-
11b · Other revenue: MISC FEES AND RECEIPTS
total $31,204 · related or exempt $31,204
-
11e · Other revenue, total
$2,307,349
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $28,554,891 · program services $28,554,891
-
11b · Fees: legal
total $6,819 · management and general $6,819
-
11c · Fees: accounting
total $53,000 · management and general $53,000
-
11f · Fees: investment management
total $150,927 · management and general $150,927
-
11g · Fees: other
total $262,103 · management and general $96,824 · fundraising $165,279
-
12 · Advertising and promotion
total $1,270 · fundraising $1,270
-
13 · Office expenses
total $3,629 · management and general $3,629
-
14 · Information technology
total $291,368 · management and general $105,807 · fundraising $185,561
-
17 · Travel
total $91,729 · management and general $5,952 · fundraising $85,777
-
19 · Conferences, conventions and meetings
total $12,060 · management and general $7,308 · fundraising $4,752
-
20 · Interest
total $14,592 · management and general $14,592
-
23 · Insurance
total $11,487 · management and general $11,487
-
24a · Other expenses: GENERAL ADMINISTRATIVE
total $3,802,366 · management and general $3,802,366
-
24b · Other expenses: FUNDRAISING-OTHER
total $1,043,502 · fundraising $1,043,502
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,717,237 · end of year $5,579,958
-
3 · Pledges and grants receivable
beginning of year $10,523,801 · end of year $11,098,104
-
4 · Accounts receivable
beginning of year $72,320 · end of year $265,559
-
7 · Other notes and loans receivable
beginning of year $11,152,847 · end of year $11,624,235
-
9 · Prepaid expenses and deferred charges
beginning of year $116,830 · end of year $63,788
-
10a · Land, buildings and equipment: cost or other basis
$21,265,034
-
10b · Land, buildings and equipment: accumulated depreciation
$3,953,700
-
10c · Land, buildings and equipment, net
beginning of year $13,452,920 · end of year $17,311,334
-
11 · Investments: publicly traded securities
beginning of year $72,354,661 · end of year $78,079,975
-
12 · Investments: other securities
beginning of year $6,646,023 · end of year $5,424,147
-
15 · Other assets
beginning of year $4,957,911 · end of year $5,081,057
-
17 · Accounts payable and accrued expenses
beginning of year $1,468,949 · end of year $877,129
-
19 · Deferred revenue
beginning of year $8,721,872
-
23 · Secured mortgages and notes payable
beginning of year $14,228,343 · end of year $15,780,518
-
25 · Other liabilities
beginning of year $39,870,107 · end of year $42,574,059
-
27 · Net assets without donor restrictions
beginning of year $2,598,112 · end of year $3,690,844
-
28 · Net assets with donor restrictions
beginning of year $57,107,167 · end of year $71,605,607
Mission and programs · 2023
Mission
THE LOUISIANA TECH UNIVERSITY FOUNDATION WAS ORGANIZED TO SOLICIT, RECEIVE, HOLD, INVEST AND TRANSFER FUNDS FOR THE BENEFIT OF LOUISIANA TECH UNIVERSITY. THE FOUNDATION ALSO ASSISTS LOUISIANA TECH UNIVERSITY IN MEETING THE CRITERIA FOR ACCREDITATION AS OUTLINED BY THE COMMISSION ON COLLEGES FOR THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS.
-
AMOUNTS EXPENDED FOR SCHOLARSHIPS, EQUIPMENT, SUPPLIES, FACILITIES, AND OTHER ITEMS THAT HELP PROMOTE, IMPROVE, OR SUSTAIN PROGRAMS OF LOUISIANA TECH UNIVERSITY.
Expenses $28,554,891 · Grants $28,554,891
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Benjamin L DennyBENJAMIN L DENNY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bill BradleyBILL BRADLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Katie HallKATIE HALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Caroline ReavesCAROLINE REAVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris RichardsonCHRIS RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David G DarlandDAVID G DARLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Drake MillsDRAKE MILLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Marvin T Green JrDR MARVIN T GREEN JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr O Jean HallDR O JEAN HALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ty BromellTY BROMELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
George BlankenshipGEORGE BLANKENSHIP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
George A Baldwin JrGEORGE A BALDWIN JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Hilton NicholsonHILTON NICHOLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James E Davison SrJAMES E DAVISON SR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Janet WongJANET WONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim E Davison JrJIM E DAVISON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Margaret DavisonMARGARET DAVISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John E Allen JrJOHN E ALLEN JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John KyteJOHN KYTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jerome VascocuJEROME VASCOCU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Richie LeblancRICHIE LEBLANC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth GreenELIZABETH GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Martin SantoraMARTIN SANTORA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Terry EwingTERRY EWING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael B McCallisterMICHAEL B MCCALLISTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Russell A NolanRUSSELL A NOLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sharilyn GasawaySHARILYN GASAWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tim PetrusTIM PETRUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Todd DavisonTODD DAVISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom O'NealTOM O'NEAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jack E Byrd JrJACK E BYRD JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steve DavisonSTEVE DAVISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brennan EasleyBRENNAN EASLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Zeffrey LucasZEFFREY LUCAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lomax NapperLOMAX NAPPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gary PattersonGARY PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bobby CunninghamBOBBY CUNNINGHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott HillSCOTT HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Malcolm MurchisonMALCOLM MURCHISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Melinda ParkerMELINDA PARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marlon WattsMARLON WATTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eric JohnsonERIC JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rakshya Deoja NapperRAKSHYA DEOJA NAPPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott PooleSCOTT POOLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Danny ReaDANNY REA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Danny RossDANNY ROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
India CarrollINDIA CARROLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gary HillGARY HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gayle RedGAYLE RED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steen TrawickSTEEN TRAWICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Julie WilkersonJULIE WILKERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ryan KilpatrickRYAN KILPATRICK
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Anne K SamuelsANNE K SAMUELS
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Don McGeheeDON MCGEHEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Bill HoganBILL HOGAN
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Tim CuttTIM CUTT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Troy O'LaughlinTROY O'LAUGHLIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
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 TECH UNIVERSITY
$28,554,891
SCHOLARSHIPS, EQUIPMENT, SUPPLIES, FACILITIES, AND OTHER ITEMS TO PROMOTE, IMPROVE, OR SUSTAIN THE UNIVERSITY.
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 TECH UNIVERSITY
501(C)(3) · PUBLIC UNIVERSITY · LA
-
501(C)(3) · RECEIVE/ADMINISTER FUNDS FOR PUBLIC UNIVERSITY R&D AND INTELLECTUAL PROPERTY · LA · controlled entity
-
501(C)(3) · ACQUIRE AND CONSTRUCT STUDENT HOUSING · 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.
-
TECH POINTE II LLC
LEASE BUILDING · LA · income $9,811,352 · assets $17,455,908
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511329349305921
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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