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← CATHOLIC LEGACY FOUNDATION OF ACADIANA INC

Form 990 for tax year 2024

Filed by CATHOLIC LEGACY FOUNDATION OF ACADIANA INC.

Totals

Total revenue
$3,519,895
Total expenses
$100,427
Contributions and grants received
$3,420,332
Grants paid
$0
Program service revenue
$76,637
Investment income
$22,926
Other revenue
$0
Total assets, end of year
$8,726,219
Total liabilities, end of year
$5,204,175
Net assets or fund balances, end of year
$3,522,044
Program services expenses (Part IX)
$0
Management and general expenses
$100,427
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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)

    $3,420,332

  • 2a · Program service revenue: ADMIN SERVICE REVENUE

    total $66,667 · related or exempt $66,667

  • 2b · Program service revenue: ADMIN FEE INCOME

    total $9,970 · related or exempt $9,970

  • 3 · Investment income

    total $13,471 · excluded $13,471

  • 7a · Gross sales of assets other than inventory

    securities $9,455

  • 7c · Gain or loss

    securities $9,455

  • 7d · Net gain or loss

    total $9,455 · related or exempt $9,455

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $53,145 · management and general $53,145

  • 9 · Other employee benefits

    total $8,524 · management and general $8,524

  • 10 · Payroll taxes

    total $3,984 · management and general $3,984

  • 11c · Fees: accounting

    total $10,770 · management and general $10,770

  • 12 · Advertising and promotion

    total $1,910 · management and general $1,910

  • 13 · Office expenses

    total $543 · management and general $543

  • 17 · Travel

    total $4,012 · management and general $4,012

  • 23 · Insurance

    total $1,797 · management and general $1,797

  • 24a · Other expenses: SOFTWARE AND TELEPHONE

    total $6,879 · management and general $6,879

  • 24b · Other expenses: OFFICE OCCUPANCY

    total $4,800 · management and general $4,800

  • 24c · Other expenses: DONATION EXPENSE

    total $2,000 · management and general $2,000

  • 24d · Other expenses: DUES AND PUBICATION

    total $1,411 · management and general $1,411

  • 24e · All other expenses

    total $652 · management and general $652

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $42,245

  • 3 · Pledges and grants receivable

    end of year $28,494

  • 4 · Accounts receivable

    end of year $17,971

  • 9 · Prepaid expenses and deferred charges

    end of year $5,355

  • 11 · Investments: publicly traded securities

    end of year $8,594,675

  • 15 · Other assets

    end of year $37,479

  • 17 · Accounts payable and accrued expenses

    end of year $4,441

  • 21 · Escrow or custodial account liability

    end of year $5,199,734

  • 27 · Net assets without donor restrictions

    end of year $122,103

  • 28 · Net assets with donor restrictions

    end of year $3,399,941

Mission and programs · 2024

Mission

THE CATHOLIC LEGACY FOUNDATION OF ACADIANA SERVES DONORS IN PERPETUATING A CHRIST-CENTERED FUTURE THROUGH CHARITABLE GIVING AND STEWARDSHIP.

  • ASSISTING CATHOLIC CHURCH PARISHES, CATHOLIC SCHOOLS, CATHOLIC ORGANIZATIONS, AND OTHER CHRIST-CENTERED WORKS OF MERCY TO MEET THEIR LONG-TERM FINANCIAL AND FACILITY NEEDS.

As filed on the 2024 return.

Listed in Part VII

  • Scott Angelle

    VICE CHAIRMA

    Total calculated
    $0
  • Colette Billeaud-Smith

    TREASURER

    Total calculated
    $0
  • Dr James Caillier

    BOARD MEMBER

    Total calculated
    $0
  • Jude C David

    BOARD MEMBER

    Total calculated
    $0
  • Robert Bobby Hanks

    BOARD MEMBER

    Total calculated
    $0
  • Garland Hebert

    BOARD MEMBER

    Total calculated
    $0
  • Joseph Giglio Jr

    SECRETARY

    Total calculated
    $0
  • Mark T Musso

    BOARD MEMBER

    Total calculated
    $0
  • Mary Romagosa

    BOARD MEMBER

    Total calculated
    $0
  • Margaret H Trahan

    EXECUTIVE DI

    Total calculated
    $0
  • Very Reverend William Blanda Vf

    BOARD MEMBER

    Total calculated
    $0
  • Monica Zuschlag

    CHAIRMAN

    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.

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
2024
Filed
25 March 2026
IRS schema version
2024v5.0
Source object
202611039349301866

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