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Nonprofiteer
← E J & MARJORY B S OURSO FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by E J & MARJORY B S OURSO FAMILY FOUNDATION.

Totals

Total revenue
$1,237,827
Total expenses
$1,125,907
Contributions and grants received
$0
Grants paid
$326,190
Program service revenue
$0
Investment income
$1,235,400
Other revenue
$2,427
Total assets, end of year
$16,125,317
Total liabilities, end of year
$3,000
Net assets or fund balances, end of year
$16,122,317
Program services expenses (Part IX)
$343,196
Management and general expenses
$782,711
Fundraising expenses
$0
Program service expenses (Part III)
$343,196

Program services were 30.5% 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.

  • 3 · Investment income

    total $977,876 · excluded $977,876

  • 7a · Gross sales of assets other than inventory

    securities $2,753,672

  • 7b · Less cost or other basis and sales expenses

    securities $2,496,148

  • 7c · Gain or loss

    securities $257,524

  • 7d · Net gain or loss

    total $257,524 · excluded $257,524

  • 11a · Other revenue: OTHER INCOME

    total $2,427 · excluded $2,427

  • 11e · Other revenue, total

    $2,427

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $326,190 · program services $326,190

  • 11c · Fees: accounting

    total $13,000 · management and general $13,000

  • 11f · Fees: investment management

    total $503,553 · management and general $503,553

  • 11g · Fees: other

    total $18,572 · program services $17,006 · management and general $1,566

  • 23 · Insurance

    total $2,384 · management and general $2,384

  • 24a · Other expenses: DISTRIBUTION TO BENEFIC

    total $248,612 · management and general $248,612

  • 24b · Other expenses: TAXES PD ON FOREIGN STO

    total $13,596 · management and general $13,596

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $349,187 · end of year $235,536

  • 4 · Accounts receivable

    beginning of year $3,657 · end of year $13,661

  • 9 · Prepaid expenses and deferred charges

    beginning of year $993 · end of year $993

  • 11 · Investments: publicly traded securities

    beginning of year $6,118,821 · end of year $6,155,543

  • 12 · Investments: other securities

    beginning of year $9,719,584 · end of year $9,719,584

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $16,192,242 · end of year $16,122,317

Mission and programs · 2023

Mission

A NON-PROFT ORGANIZATION THAT OPERATES PRIMARILY FOR RELIGIOUS, CHARITABLE, MEDICAL, LITERACY, OR EDUCATIONAL PURPOSES

Activities or mission (Part I)

OPERATION FOR THE BENEFIT OF THE BATON ROUGE AREA FOUNDATION A SEC. 501(C)(3) ORGANIZATION

  • OPERATION FOR THE BENEFIT OF THE BATON ROUGE AREA FOUNDATION A SEC. 501(C)(3) ORGANIZATION.

    Expenses $343,196 · Grants $326,190

As filed on the 2023 return.

Listed in Part VII

  • Francis Jumonville Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Edmund Giering

    DIRECTOR

    Total calculated
    $295,738
    From this org
    $0
    From related orgs
    $224,112
    Other
    $71,626
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $199,254 related
    Bonus
    $0
    Other
    $0 + $24,858 related
    Deferred
    $0 + $46,727 related
    Nontaxable benefits
    $0 + $24,899 related
    Filer's total
    $0 + $295,738 related

  • Jesse Arboneaux

    PRESIDENT, CEO, TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Cathy Leblanc

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Chris Meyer

    VICE PRESIDENT

    Total calculated
    $521,252
    From this org
    $0
    From related orgs
    $443,088
    Other
    $78,164
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $379,888 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $13,200 related
    Deferred
    $0 + $37,813 related
    Nontaxable benefits
    $0 + $40,351 related
    Filer's total
    $0 + $521,252 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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
2023
Filed
10 October 2024
IRS schema version
2023v5.1
Source object
202402899349301540

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