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← LCTCS FOUNDATION

Form 990 for tax year 2022

Filed by LCTCS FOUNDATION.

Totals

Total revenue
$2,094,680
Total expenses
$1,038,235
Contributions and grants received
$2,081,089
Grants paid
$407,389
Program service revenue
$0
Investment income
$13,591
Other revenue
$0
Total assets, end of year
$5,607,687
Total liabilities, end of year
$2,127,211
Net assets or fund balances, end of year
$3,480,476
Program services expenses (Part IX)
$1,038,235
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,038,235

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $2,081,089

  • 3 · Investment income

    total $13,591 · excluded $13,591

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $300,389 · program services $300,389

  • 2 · Grants to domestic individuals

    total $107,000 · program services $107,000

  • 7 · Other salaries and wages

    total $7,000 · program services $7,000

  • 11c · Fees: accounting

    total $285,773 · program services $285,773

  • 12 · Advertising and promotion

    total $22,000 · program services $22,000

  • 13 · Office expenses

    total $60,779 · program services $60,779

  • 17 · Travel

    total $20,584 · program services $20,584

  • 19 · Conferences, conventions and meetings

    total $29,394 · program services $29,394

  • 24a · Other expenses: CONTRACTOR FEES

    total $205,316 · program services $205,316

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,828,837 · end of year $4,342,402

  • 2 · Savings and temporary cash investments

    beginning of year $247,899 · end of year $149,965

  • 3 · Pledges and grants receivable

    end of year $196,590

  • 4 · Accounts receivable

    end of year $887,300

  • 11 · Investments: publicly traded securities

    beginning of year $34,696 · end of year $31,430

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,394 · end of year $537,880

  • 19 · Deferred revenue

    beginning of year $72,252 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $1,538,893 · end of year $1,589,331

  • 27 · Net assets without donor restrictions

    beginning of year $1,320,675 · end of year $1,473,644

  • 28 · Net assets with donor restrictions

    beginning of year $1,174,218 · end of year $2,006,832

Mission and programs · 2022

Mission

TO PROMOTE CHARITABLE, EDUCATIONAL, SCIENTIFIC AND CULTURAL STUDIES FOR LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM; TO SOLICIT AND ACCEPT GIFTS, GRANTS, APPROPRIATIONS, BEQUESTS AND FUNDS, INCLUDING PROPERTY, IN ORDER TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS, INCLUDING SCHOLARSHIPS AND OTHER EDUCATIONAL ENDEAVORS AND ACTIVITIES IN FURTHERENCE OF LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM.

  • THE LCTCS FOUNDATION PROVIDED SUPPORT TO THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM IN THREE PROGRAM AREAS: ADVOCACY AND PUBLIC ENGAGEMENT, PROFESSIONAL DEVELOPMENT, AND STUDENT ACCESSS AND SUCCESS.

    Expenses $1,038,235 · Grants $407,389

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

Listed in Part VII

  • ROCKY ROCKETT

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTEL SLAUGHTER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DR MONTH SULLIVAN

    LCTCS SYSTEM PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • QUINTIN TAYLOR

    CHIEF PUBLIC AFFAIRS OFFICER

    Total calculated
    $0
    Hours/week
    1

  • TIM BARFIELD

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ERNEST GREEN

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • NEIL ASPINWALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TOMMY CLARK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LEE GIORGIO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANN KNAPP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE PALAMONE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVIE SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN TOUPS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JANE UEBE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TARIE ROBERSON

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $25,210
    From this org
    $0
    From related orgs
    $25,210
    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.

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

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202333139349303763

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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