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Nonprofiteer
← LEADERS FOR A BETTER LOUISIANA INC

Form 990 for tax year 2022

Filed by LEADERS FOR A BETTER LOUISIANA INC.

Totals

Total revenue
$940,747
Total expenses
$638,648
Contributions and grants received
$810,154
Grants paid
$0
Program service revenue
$130,593
Investment income
$0
Other revenue
$0
Total assets, end of year
$625,972
Total liabilities, end of year
$21,534
Net assets or fund balances, end of year
$604,438
Program services expenses (Part IX)
$448,301
Management and general expenses
$190,347
Fundraising expenses
$0
Program service expenses (Part III)
$448,301

Program services were 70.2% 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

    $742,617

  • 1f · All other contributions, gifts and grants

    $67,537

  • 2a · Program service revenue: MEETINGS

    total $130,593 · related or exempt $130,593

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $300,000 · program services $200,000 · management and general $100,000

  • 7 · Other salaries and wages

    total $64,836 · management and general $64,836

  • 8 · Pension plan contributions

    total $10,506 · program services $10,506

  • 9 · Other employee benefits

    total $40,894 · program services $40,894

  • 10 · Payroll taxes

    total $18,444 · program services $13,833 · management and general $4,611

  • 11c · Fees: accounting

    total $11,865 · management and general $11,865

  • 11g · Fees: other

    total $2,500 · program services $2,500

  • 12 · Advertising and promotion

    total $837 · program services $837

  • 16 · Occupancy

    total $3,757 · management and general $3,757

  • 17 · Travel

    total $19,186 · program services $19,186

  • 23 · Insurance

    total $5,818 · program services $5,818

  • 24a · Other expenses: EVENT EXPENSES

    total $107,332 · program services $107,332

  • 24b · Other expenses: OFFICE EXPENSE

    total $19,959 · program services $19,959

  • 24c · Other expenses: SPONSORSHIPS

    total $15,852 · program services $15,852

  • 24d · Other expenses: MEALS AND ENTERTAINMENT

    total $8,258 · program services $8,258

  • 24e · All other expenses

    total $8,604 · program services $3,326 · management and general $5,278

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $327,349 · end of year $620,972

  • 15 · Other assets

    end of year $5,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,010 · end of year $21,534

  • 27 · Net assets without donor restrictions

    beginning of year $302,339 · end of year $604,438

Mission and programs · 2022

Mission

TO PROMOTE THE GROWTH OF INDUSTRY AND EMPLOYMENT OPPORTUNITIES IN LOUISIANA BY PROMOTING LOUISIANA TO OUT OF STATE INDUSTRIES AND TO HELP FACILITATE THE EXPANSION OF BUSINESS CURRENTLY OPERATING IN THE STATE AND EXPAND THE WORKFORCE OPPORTUNITIES

  • BUSINESS RECRUITMENT FOR THE STATE OF LOUISIANA. BUSINESS RECRUITMENT IS FOCUSED ON BOTH BUSINESS OUTSIDE LOUISIANA WHO WISH TO DO BUSINESS IN THE STATE AS WELL AS FOSTERING NEW AND EXPANDING BUSINESSES THAT ALREADY HAVE A PRESENCE IN LOUISIANA.

    Expenses $448,301

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Micheal Oliver

    CEO

    Total calculated
    $300,000
    From this org
    $300,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $300,000

  • Scott Ballard

    TREASURER

    Total calculated
    $0

  • Wayne Brown

    CHAIR

    Total calculated
    $0

  • Tom Clark

    DIRECTOR

    Total calculated
    $0

  • Rodney Greenup

    DIRECTOR

    Total calculated
    $0

  • Trott Hunt

    DIRECTOR

    Total calculated
    $0

  • Carlton Golden Jr

    DIRECTOR

    Total calculated
    $0

  • Kris Kirkpatrick

    DIRECTOR

    Total calculated
    $0

  • Kellen Matthews

    DIRECTOR

    Total calculated
    $0

  • Philip May

    DIRECTOR

    Total calculated
    $0

  • Jude Melville

    DIRECTOR

    Total calculated
    $0

  • Philip Rozeman

    VICE CHAIR

    Total calculated
    $0

  • Julie Stokes

    DIRECTOR

    Total calculated
    $0

  • Gray Stream

    DIRECTOR

    Total calculated
    $0

  • Tim Temple

    PAST CHAIR

    Total calculated
    $0

  • Mary Leach Werner

    DIRECTOR

    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. 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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2023
IRS schema version
2022v4.1
Source object
202310349349301456

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