Form 990 for tax year 2023
Filed by SOUTHEASTERN LOUISIANA UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $15,881,296
- Total expenses
- $9,659,536
- Contributions and grants received
- $7,933,944
- Grants paid
- $1,533,714
- Program service revenue
- $0
- Investment income
- $7,433,437
- Other revenue
- $513,915
- Total assets, end of year
- $86,030,137
- Total liabilities, end of year
- $24,615,907
- Net assets or fund balances, end of year
- $61,414,230
- Program services expenses (Part IX)
- $9,063,403
- Management and general expenses
- $380,593
- Fundraising expenses
- $215,540
- Program service expenses (Part III)
- $9,063,403
Program services were 93.8% 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
$7,933,944
-
1g · Noncash contributions included above
$5,158
-
3 · Investment income
total $978,396 · excluded $978,396
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $69,268 · related or exempt $69,268
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $6,455,041
-
7c · Gain or loss
securities $6,455,041
-
7d · Net gain or loss
total $6,455,041 · related or exempt $6,455,041
-
8a · Fundraising events: gross income
$272,902
-
8b · Fundraising events: direct expenses
$15,858
-
8c · Net income from fundraising events
total $257,044
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Administrative Fee
total $187,603 · related or exempt $187,603
-
11e · Other revenue, total
$187,603
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $1,533,714 · program services $1,533,714
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $280,066 · management and general $183,674 · fundraising $96,392
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $16,075 · management and general $16,075
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $4,898 · management and general $4,898
-
11g · Fees: other
total $142,183 · management and general $142,183
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: TRANSFER TO UNIVERSITY
total $5,000,000 · program services $5,000,000
-
24b · Other expenses: DEPARTMENTAL PROGRAMS
total $2,230,768 · program services $2,230,768
-
24c · Other expenses: TRANSFERS TO AGENCY FUNDS
total $160,000 · program services $160,000
-
24d · Other expenses: FUNDRAISER EXP
total $119,148 · fundraising $119,148
-
24e · All other expenses
total $172,684 · program services $138,921 · management and general $33,763
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $470,850 · end of year $137,696
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $200 · end of year $0
-
4 · Accounts receivable
beginning of year $54,517 · end of year $80,679
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $27,000 · end of year $68,106
-
10a · Land, buildings and equipment: cost or other basis
$1,741,000
-
10c · Land, buildings and equipment, net
beginning of year $1,741,000 · end of year $1,741,000
-
11 · Investments: publicly traded securities
beginning of year $77,986,064 · end of year $83,324,056
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $678,600 · end of year $678,600
-
17 · Accounts payable and accrued expenses
beginning of year $821,757 · end of year $1,147,404
-
19 · Deferred revenue
beginning of year $1,000
-
25 · Other liabilities
beginning of year $25,364,299 · end of year $23,468,503
-
27 · Net assets without donor restrictions
beginning of year $1,319,107 · end of year $1,066,739
-
28 · Net assets with donor restrictions
beginning of year $53,452,068 · end of year $60,347,491
Mission and programs · 2023
Mission
The Southeastern Louisiana University Foundation (SLUF) is a 501(c)(3) corporation charged with securing, managing and stewarding private gifts in support of Southeastern Louisiana University. Private support increases the University's impact and extends its reach both within and beyond the region by helping make a Southeastern education accessible to the greatest number of students. It also allows faculty, staff, and students to advance industry, contribute to the region's economy and create societal advances that can have an effect across the world.
-
UNIVERSITY PROGRAMS
Expenses $5,298,921
-
DEPARTMENTAL PROGRAMS
Expenses $2,230,768
-
SCHOLARSHIPS, ASSISTANTSHIPS, AND AWARDS
Expenses $1,533,714
As filed on the 2023 return.
Listed in Part VII
-
Marcia BarrMARCIA BARR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas AkersTHOMAS AKERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cindy VisotCINDY VISOT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Gary ClarkGARY CLARK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Marcia GalatasMARCIA GALATAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Beth C EbbermanBETH C EBBERMAN
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Dawn CantrellDAWN CANTRELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
April Ford JacksonAPRIL FORD JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shelby P Lasalle JrSHELBY P LASALLE JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Toby CortezTOBY CORTEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Barry LandryBARRY LANDRY
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Wallace LewisWALLACE LEWIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mike SharpMIKE SHARP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr John PoteetDR JOHN POTEET
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Robert WatkinsROBERT WATKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Terri LeblancTERRI LEBLANC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan WongJONATHAN WONG
President
- Total calculated
- $0
- Hours/week
- 1
-
Steve CorySTEVE CORY
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Tony VolzTONY VOLZ
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540349349300634
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