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← LCTCS FOUNDATION

Form 990 for tax year 2024

Filed by LCTCS FOUNDATION.

Totals

Total revenue
$1,088,319
Total expenses
$1,362,095
Contributions and grants received
$1,004,261
Grants paid
$247,903
Program service revenue
$0
Investment income
$84,058
Other revenue
$0
Total assets, end of year
$3,495,177
Total liabilities, end of year
$376,138
Net assets or fund balances, end of year
$3,119,039
Program services expenses (Part IX)
$1,362,095
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,362,095

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

    $1,004,261

  • 3 · Investment income

    total $84,058 · unrelated business $0 · excluded $84,058

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $247,903 · program services $247,903

  • 11c · Fees: accounting

    total $8,420 · program services $8,420 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $5,350 · program services $5,350 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $215,086 · program services $215,086 · management and general $0 · fundraising $0

  • 17 · Travel

    total $70,455 · program services $70,455 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $34,507 · program services $34,507 · management and general $0 · fundraising $0

  • 24a · Other expenses: Contractor fees

    total $705,943 · program services $705,943 · management and general $0 · fundraising $0

  • 24b · Other expenses: Printing & copying

    total $4,159 · program services $4,159 · management and general $0 · fundraising $0

  • 24c · Other expenses: Postage/mailing

    total $4,850 · program services $4,850 · management and general $0 · fundraising $0

  • 24d · Other expenses: Dues & subscriptions

    total $17,482 · program services $17,482 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $47,940 · program services $47,940 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,115,141 · end of year $1,632,708

  • 2 · Savings and temporary cash investments

    beginning of year $1,435,913 · end of year $1,491,182

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $51,000

  • 4 · Accounts receivable

    beginning of year $434,000 · end of year $272,514

  • 9 · Prepaid expenses and deferred charges

    end of year $13,364

  • 11 · Investments: publicly traded securities

    beginning of year $34,409 · end of year $34,409

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,272 · end of year $280

  • 19 · Deferred revenue

    beginning of year $201,902 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $348,474 · end of year $375,858

  • 27 · Net assets without donor restrictions

    beginning of year $1,502,350 · end of year $1,845,416

  • 28 · Net assets with donor restrictions

    beginning of year $1,890,465 · end of year $1,273,623

Mission and programs · 2024

Mission

To Promote Charitable, Educational, Scientic 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 educationsl endeavors and activities in futherence of Louisiana community and technical college system.

Activities or mission (Part I)

To Promote Charitable, Educational, Scientic and Cultural Studies for Louisiana Community and Technical College System; to solicit and accept gifts, grants, appropriations, bequests and funds, including property

  • The LCTCS Foundation provides support to the Louisiana community and technical college system in three program areas: advocacy and public egagement, professional development, and student access and sucess.

    Expenses $1,362,095 · Grants $247,903

As filed on the 2024 return.

Listed in Part VII

  • Dr Chandler LeBoeuf

    Executive Director

    Total calculated
    $0
    Hours/week
    1
  • Dr Monty Sullivan

    LCTCS System President

    Total calculated
    $0
    Hours/week
    1
  • David Rocky Rockett

    Chair

    Total calculated
    $0
    Hours/week
    1
  • Dr Christel Slaughter

    Partner and Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • Tim Barfield

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Ann Knapp

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Lee Giorgio

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Mike Palamone

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Neil Aspinwall

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Stephen Smith

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Tommy Clark

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Kristine Strickland

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Matt Adams

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Missy Hopson

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jordan Trmblay

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jody Montelaro

    Board Member

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533189349307523

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