Form 990 for tax year 2022
Filed by LSU IN SHREVEPORT FOUNDATION INC.
Totals
- Total revenue
- $1,929,702
- Total expenses
- $1,761,604
- Contributions and grants received
- $872,633
- Grants paid
- $233,002
- Program service revenue
- $0
- Investment income
- $869,459
- Other revenue
- $187,610
- Total assets, end of year
- $30,888,371
- Total liabilities, end of year
- $8,404,657
- Net assets or fund balances, end of year
- $22,483,714
- Program services expenses (Part IX)
- $1,211,571
- Management and general expenses
- $527,360
- Fundraising expenses
- $22,673
- Program service expenses (Part III)
- $1,211,571
Program services were 68.8% 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
$40,877
-
1f · All other contributions, gifts and grants
$831,756
-
1g · Noncash contributions included above
$14,034
-
3 · Investment income
total $869,459 · excluded $869,459
-
11a · Other revenue: ENDOWMENT MGMT FEES
total $187,610 · related or exempt $187,610
-
11e · Other revenue, total
$187,610
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $233,002 · program services $233,002
-
11c · Fees: accounting
total $13,769 · management and general $13,769
-
11f · Fees: investment management
total $42,387 · management and general $42,387
-
12 · Advertising and promotion
total $19,045 · management and general $19,045
-
17 · Travel
total $163,575 · program services $134,036 · management and general $25,294 · fundraising $4,245
-
19 · Conferences, conventions and meetings
total $88,618 · program services $82,770 · management and general $5,848
-
22 · Depreciation, depletion and amortization
total $2,528 · management and general $2,528
-
24a · Other expenses: PROGRAM ADMINISTRATION
total $418,489 · management and general $418,489
-
24b · Other expenses: INSTRUCTION
total $221,469 · program services $221,469
-
24c · Other expenses: ACADEMIC AND PUBLIC SUP
total $147,596 · program services $147,596
-
24d · Other expenses: STUDENT SERVICES AND IN
total $139,161 · program services $139,161
-
24e · All other expenses
total $271,965 · program services $253,537 · fundraising $18,428
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $546,319 · end of year $574,198
-
2 · Savings and temporary cash investments
beginning of year $956,110 · end of year $946,124
-
3 · Pledges and grants receivable
end of year $9,233
-
4 · Accounts receivable
beginning of year $2,000
-
9 · Prepaid expenses and deferred charges
beginning of year $95 · end of year $2,287
-
10a · Land, buildings and equipment: cost or other basis
$145,000
-
10b · Land, buildings and equipment: accumulated depreciation
$9,480
-
10c · Land, buildings and equipment, net
beginning of year $138,048 · end of year $135,520
-
11 · Investments: publicly traded securities
beginning of year $26,242,952 · end of year $28,008,844
-
12 · Investments: other securities
beginning of year $1,211,779 · end of year $1,179,117
-
15 · Other assets
beginning of year $0 · end of year $33,048
-
17 · Accounts payable and accrued expenses
beginning of year $223,847 · end of year $53,577
-
25 · Other liabilities
beginning of year $7,845,713 · end of year $8,351,080
-
27 · Net assets without donor restrictions
beginning of year $422,552 · end of year $611,560
-
28 · Net assets with donor restrictions
beginning of year $20,605,191 · end of year $21,872,154
Mission and programs · 2022
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 NORTHEAST 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 $1,211,571 · Grants $233,002 · Revenue $187,610
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mickey CallawayMICKEY CALLAWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diana DecharlesDIANA DECHARLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James K ElrodJAMES K ELROD
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
-
Dr Phillip RozemanDR PHILLIP ROZEMAN
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
-
Dr Sandra A McCallaDR SANDRA A MCCALLA
VICE 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
-
Laura PerdueLAURA PERDUE
EXECUTIVE DIRECTOR
- Total calculated
- $150,000
- From this org
- $0
- From related orgs
- $150,000
- Other
- $0
- 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
$233,002
SCHOLARSHIPS, RESEARCH, OTHER BENEFITS FOR LSUS
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
-
HELEN MANN MEMORIAL FUND COMMITTE INC
501(C)(3) · PHILANTHROPY · LA · controlled entity
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 $120,525 · assets $1,558,638
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410939349301406
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