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← UNIVERSITY OF LOUISIANA AT LAFAYETTE FOUNDATION

Form 990 for tax year 2024

Filed by UNIVERSITY OF LOUISIANA AT LAFAYETTE FOUNDATION.

Totals

Total revenue
$41,784,322
Total expenses
$53,194,762
Contributions and grants received
$33,742,157
Grants paid
$49,291,163
Program service revenue
$907,852
Investment income
$6,142,863
Other revenue
$991,450
Total assets, end of year
$320,950,014
Total liabilities, end of year
$88,462,874
Net assets or fund balances, end of year
$232,487,140
Program services expenses (Part IX)
$49,291,163
Management and general expenses
$3,163,014
Fundraising expenses
$740,585
Program service expenses (Part III)
$49,291,163

Program services were 92.7% 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.

  • 1c · Fundraising events

    $203,216

  • 1f · All other contributions, gifts and grants

    $33,538,941

  • 1g · Noncash contributions included above

    $5,315,981

  • 2a · Program service revenue: ADMIN AND INVESTMENT MGMT

    total $907,852 · related or exempt $907,852

  • 3 · Investment income

    total $1,365,289 · excluded $1,365,289

  • 5 · Royalties

    total $648,489 · excluded $648,489

  • 6a · Gross rents

    real property $47,667 · personal property $3,010

  • 6b · Less rental expenses

    real property $7,711 · personal property $0

  • 6c · Rental income or loss

    real property $39,956 · personal property $3,010

  • 6d · Net rental income or loss

    total $42,966 · excluded $42,966

  • 7a · Gross sales of assets other than inventory

    other assets $16,677,808

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

    other assets $11,900,234

  • 7c · Gain or loss

    other assets $4,777,574

  • 7d · Net gain or loss

    total $4,777,574 · excluded $4,777,574

  • 8a · Fundraising events: gross income

    $50,804

  • 8a · Fundraising events: contributions included on line 1c

    $203,216

  • 8b · Fundraising events: direct expenses

    $69,088

  • 8c · Net income from fundraising events

    total -$18,284 · excluded -$18,284

  • 11a · Other revenue: ULLF OTHER INCOME

    total $259,217 · related or exempt $259,217

  • 11b · Other revenue: CASH SURRENDER INCOME

    total $59,062 · excluded $59,062

  • 11e · Other revenue, total

    $318,279

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $49,291,163 · program services $49,291,163

  • 7 · Other salaries and wages

    total $2,079,998 · management and general $1,659,446 · fundraising $420,552

  • 11b · Fees: legal

    total $24,636 · management and general $24,636

  • 11c · Fees: accounting

    total $57,575 · management and general $57,575

  • 11g · Fees: other

    total $186,021 · management and general $186,021

  • 13 · Office expenses

    total $756,884 · management and general $756,884

  • 17 · Travel

    total $58,018 · management and general $58,018

  • 19 · Conferences, conventions and meetings

    total $26,890 · management and general $26,890

  • 20 · Interest

    total $10,482 · management and general $10,482

  • 22 · Depreciation, depletion and amortization

    total $301,576 · management and general $301,576

  • 23 · Insurance

    total $176,099 · management and general $176,099

  • 24a · Other expenses: OTHER FUNDRAISING EXP

    total $320,033 · fundraising $320,033

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $88,385 · management and general $88,385

  • 24c · Other expenses: EVENT EXPENSES TO SCH G

    total -$69,088 · management and general -$69,088

  • 24d · Other expenses: BAD DEBT RECOVERY

    total -$113,910 · management and general -$113,910

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,990,761 · end of year $3,545,591

  • 2 · Savings and temporary cash investments

    beginning of year $35,851,262 · end of year $32,860,516

  • 3 · Pledges and grants receivable

    beginning of year $28,992,622 · end of year $29,489,529

  • 4 · Accounts receivable

    beginning of year $224,001 · end of year $345,882

  • 9 · Prepaid expenses and deferred charges

    beginning of year $751,568 · end of year $4,633,952

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

    $14,592,365

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

    $6,778,371

  • 10c · Land, buildings and equipment, net

    beginning of year $8,120,964 · end of year $7,813,994

  • 11 · Investments: publicly traded securities

    beginning of year $97,184,063 · end of year $104,726,004

  • 12 · Investments: other securities

    beginning of year $107,046,597 · end of year $132,864,398

  • 15 · Other assets

    beginning of year $4,754,970 · end of year $4,670,148

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,712,229 · end of year $5,998,324

  • 18 · Grants payable

    beginning of year $60,000 · end of year $120,000

  • 19 · Deferred revenue

    beginning of year $2,933,332 · end of year $2,666,665

  • 21 · Escrow or custodial account liability

    beginning of year $46,469,918 · end of year $49,473,993

  • 23 · Secured mortgages and notes payable

    beginning of year $232,751 · end of year $204,102

  • 25 · Other liabilities

    beginning of year $3,778,400 · end of year $29,999,790

  • 27 · Net assets without donor restrictions

    beginning of year $17,829,763 · end of year $19,607,392

  • 28 · Net assets with donor restrictions

    beginning of year $210,900,415 · end of year $212,879,748

Mission and programs · 2024

Mission

THE FOUNDATION PROVIDES PHILANTHROPIC SUPPORT SERVICES TO ASSIST THE UNIVERSITY OF LOUISIANA AT LAFAYETTE IN FURTHERING ITS MISSION OF ACHIEVING EXCELLENCE IN UNDERGRADUATE AND GRADUATE EDUCATION, RESEARCH, AND PUBLIC SERVICE.

Activities or mission (Part I)

THE FOUNDATION PROVIDES PHILANTHROPIC SUPPORT SERVICES TO ENHANCE FUNDRAISING, ASSET MANAGEMENT AND STEWARDSHIP FUNCTIONS, AIDING THE UNIVERSITY OF LOUISIANA AT LAFAYETTE IN FURTHERING ITS MISSION OF PROVIDING AN EXCEPTIONAL EDUCATION.

  • ACADEMIC SUPPORT: THE UL LAFAYETTE FOUNDATION SUPPORTS THE ACADEMIC PROGRAMS FOR THE UNIVERSITY OF LOUISIANA AT LAFAYETTE BY SOLICITING PRIVATE DONATIONS, INVESTING, AND DISTRIBUTING EXPENDABLE FUNDS IN THE FORM OF SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, HONORARIUMS, FACULTY DEVELOPMENT, CAPITAL PROJECTS AND RESEARCH SUBSIDIES. A PORTION OF SUCH DISTRIBUTIONS ARE LOUISIANA BOARD OF REGENTS SUPPORT FUND (BORSF) MATCHING GIFT FUNDS. THE FOUNDATION PROVIDES FUNDS FOR SCHOLARSHIPS, EMINENT SCHOLAR AND DISTINGUISHED PROFESSOR AWARDS, RESEARCH FELLOWSHIPS, SALARY SUBSIDIES, EDUCATIONAL TRAVEL AND PROFESSIONAL ENRICHMENT. THE FOUNDATION ALSO PROVIDED FINANCIAL SUPPORT FOR FACULTY DEVELOPMENT AND CLASSROOM RESOURCES.

    Expenses $13,020,759 · Grants $13,020,759 · Revenue $1,167,069

  • ATHLETIC PROGRAM SUPPORT: THE UL LAFAYETTE FOUNDATION PROVIDED SUPPORT FOR A VARIETY OF ATHLETIC PROGRAMS INCLUDING ATHLETIC SCHOLARSHIPS, PROGRAM ENRICHMENT, HEALTH AND WELLNESS, AND FACILITIES ENHANCEMENT. FUNDING ALSO INCLUDES STUDENT ATHLETE TUTORING, NUTRITIONAL SUPPORT, TEAM TRAVEL COSTS, EQUIPMENT, UNIFORMS, TRAINERS, AND SALARY SUPPLEMENTS FOR COACHES.

    Expenses $35,557,619 · Grants $35,557,619

  • MUSEUM SUPPORT: THE FOUNDATION SUPPORTED THE HILLIARD ART MUSEUM, WHOSE MISSION IS TO ENHANCE THE EDUCATION OF UNIVERSITY OF LOUISIANA AT LAFAYETTE STUDENTS AND INSPIRE CREATIVITY THROUGH ENGAGEMENT WITH THE ARTS FOR THE ACADIANA REGION. SELECTIONS FROM THE MUSEUM'S PERMANENT COLLECTION ARE ON VIEW ON A ROTATING BASIS. DURING EACH SEMESTER, THE MUSEUM FEATURES PROGRAMS WHICH COMPLEMENTS THE CURRENT SEASON OF EXHIBITIONS AND PROVIDE A CROSS-DISCIPLINARY APPROACH TO LEARNING. IN ADDITION, THE MUSEUM HOSTS MONTHLY CHILD EVENTS AS WELL AS HEALTH AND FITNESS CLASSES. NUMEROUS OTHER LECTURES AND OTHER SPECIAL COMMUNITY EVENTS ARE HOSTED AND AVAILABLE TO THE GENERAL PUBLIC.

    Expenses $712,785 · Grants $712,785

As filed on the 2024 return.

Listed in Part VII

  • Bryan Hanks

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Donald Broussard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Jason Cormier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stan Hardee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Randy Haynie

    TRUSTEE

    Total calculated
    $80,000
    From this org
    $80,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ed Domingues

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Howard Dupuis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Herman Hughes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Donna Landry

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Dr James Lipstate

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wendy Lopez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill McElligott Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Prince

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeanine Piskurich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr E Joseph Savoie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Billeaud

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Camille Poche'

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Charlie Moncla

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joshua Proffitt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rosalind Robertson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Donald Washington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Georges Antoun

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Adam Champagne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Troy Hebert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Amelie Hollier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sam Landers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Harold Osborn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steve Oubre

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marshall Pierite

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jerry Prejean

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dave Romagosa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Raymond Goodrich II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Blohm

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $4,482
    From this org
    $4,482
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Karl Meche

    CHIEF FINANCIAL OFFICER

    Total calculated
    $216,486
    From this org
    $177,616
    From related orgs
    $0
    Other
    $38,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,616
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $177,616

  • Kris Foster

    DIRECTOR OF FINANCE

    Total calculated
    $125,297
    From this org
    $109,808
    From related orgs
    $0
    Other
    $15,489
    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. 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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

  • UNIVERSITY OF LOUISIANA AT LAFAYETTE

    $47,916,163

    GRANTS FOR UNIVERSITY PROGRAMS, FOR SCHOLARSHIPS AWARDED BY THE UNIVERSITY, AND FOR ENDOWED PROFESSORS

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
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349307976

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