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← FOUNDATION FOR EXCELLENCE IN LOUISIANA PUBLIC BROADCASTING

Form 990 for tax year 2024

Filed by FOUNDATION FOR EXCELLENCE IN LOUISIANA PUBLIC BROADCASTING.

Totals

Total revenue
$11,002,250
Total expenses
$6,182,090
Contributions and grants received
$4,554,561
Grants paid
$0
Program service revenue
$985,819
Investment income
$5,461,870
Other revenue
$0
Total assets, end of year
$63,287,141
Total liabilities, end of year
$192,506
Net assets or fund balances, end of year
$63,094,635
Program services expenses (Part IX)
$5,300,344
Management and general expenses
$881,746
Fundraising expenses
$0
Program service expenses (Part III)
$5,300,344

Program services were 85.7% 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.

  • 1d · Related organizations

    $1,117,707

  • 1f · All other contributions, gifts and grants

    $3,436,854

  • 2a · Program service revenue: Project and productions

    total $623,438 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Underwriting

    total $263,669 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Tower leases

    total $98,712 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,786,980 · unrelated business $0 · excluded $1,786,980

  • 7a · Gross sales of assets other than inventory

    securities $16,553,907

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

    securities $12,879,017

  • 7c · Gain or loss

    securities $3,674,890

  • 7d · Net gain or loss

    total $3,674,890 · related or exempt $0 · unrelated business $0 · excluded $3,674,890

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $24,000 · program services $0 · management and general $24,000 · fundraising $0

  • 11f · Fees: investment management

    total $172,633 · program services $0 · management and general $172,633 · fundraising $0

  • 17 · Travel

    total $65,869 · program services $16,539 · management and general $49,330 · fundraising $0

  • 24a · Other expenses: Professional services

    total $402,738 · program services $372,741 · management and general $29,997 · fundraising $0

  • 24b · Other expenses: Operating services

    total $4,938,970 · program services $4,594,156 · management and general $344,814 · fundraising $0

  • 24c · Other expenses: Personnel

    total $421,614 · program services $231,888 · management and general $189,726 · fundraising $0

  • 24d · Other expenses: Rentals of equipment

    total $156,266 · program services $85,020 · management and general $71,246 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,993,943 · end of year $3,048,929

  • 3 · Pledges and grants receivable

    beginning of year $300,343 · end of year $230,988

  • 4 · Accounts receivable

    beginning of year $304,780 · end of year $67,796

  • 9 · Prepaid expenses and deferred charges

    beginning of year $169,072 · end of year $146,079

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $54,369,801 · end of year $59,793,349

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,577 · end of year $105,876

  • 19 · Deferred revenue

    beginning of year $82,313 · end of year $67,315

  • 25 · Other liabilities

    beginning of year $0 · end of year $19,315

  • 27 · Net assets without donor restrictions

    beginning of year $57,778,906 · end of year $63,094,635

  • 28 · Net assets with donor restrictions

    beginning of year $249,143 · end of year $0

Mission and programs · 2024

Mission

The Foundation is operated exclusively for the promotion, development, enhancement, and assistance of public television in the State of LA. The Foundation directs all of its efforts in support of the Louisiana Educational Television Authority, which operates the public television network known as Louisiana Public Broadcasting.

Activities or mission (Part I)

Support public television

  • Support of public television in the State of Louisiana. Program services include: programming and production costs, including the acquisition of programs and local productions, and broadcasting of programs.

    Expenses $5,300,344 · Revenue $985,819

As filed on the 2024 return.

Listed in Part VII

  • William Arceneaux

    Director

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Charles Spencer

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Mary Joseph

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Bill Blackwood

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Barbara DeCuir

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Rose Hudson

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Robyn Merrick

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Tricia Dubroc

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Ben Williams

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

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.

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 November 2025
IRS schema version
2024v5.2
Source object
202543189349313069

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