Skip to content
Nonprofiteer
← COMMUNITY FOUNDATION OF ACADIANA

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF ACADIANA.

Totals

Total revenue
$22,874,469
Total expenses
$18,001,684
Contributions and grants received
$17,691,358
Grants paid
$13,938,455
Program service revenue
$1,193,413
Investment income
$3,954,527
Other revenue
$35,171
Total assets, end of year
$168,320,050
Total liabilities, end of year
$17,000,270
Net assets or fund balances, end of year
$151,319,780
Program services expenses (Part IX)
$16,146,058
Management and general expenses
$1,855,626
Fundraising expenses
$0
Program service expenses (Part III)
$16,146,058

Program services were 89.7% 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.

  • 1b · Membership dues

    $89,465

  • 1c · Fundraising events

    $181,500

  • 1f · All other contributions, gifts and grants

    $17,420,393

  • 1g · Noncash contributions included above

    $796,043

  • 2a · Program service revenue: Administrative fees

    total $1,193,413 · related or exempt $1,193,413

  • 3 · Investment income

    total $3,788,102 · excluded $3,788,102

  • 5 · Royalties

    total $3,693 · excluded $3,693

  • 6a · Gross rents

    real property $56,820

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $56,820

  • 6d · Net rental income or loss

    total $56,820 · excluded $56,820

  • 7a · Gross sales of assets other than inventory

    securities $51,798,002

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

    securities $51,631,534 · other assets $43

  • 7c · Gain or loss

    securities $166,468 · other assets -$43

  • 7d · Net gain or loss

    total $166,425 · excluded $166,425

  • 8a · Fundraising events: gross income

    $93,604

  • 8a · Fundraising events: contributions included on line 1c

    $181,500

  • 8b · Fundraising events: direct expenses

    $118,946

  • 8c · Net income from fundraising events

    total -$25,342 · excluded -$25,342

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,912,578 · program services $13,912,578

  • 2 · Grants to domestic individuals

    total $25,877 · program services $25,877

  • 5 · Compensation of officers, directors and key employees

    total $185,000 · management and general $185,000

  • 7 · Other salaries and wages

    total $686,446 · program services $58,734 · management and general $627,712

  • 8 · Pension plan contributions

    total $15,112 · program services $1,731 · management and general $13,381

  • 9 · Other employee benefits

    total $57,847 · program services $2,147 · management and general $55,700

  • 10 · Payroll taxes

    total $59,006 · program services $3,791 · management and general $55,215

  • 11b · Fees: legal

    total $2,169 · management and general $2,169

  • 11c · Fees: accounting

    total $40,583 · management and general $40,583

  • 11f · Fees: investment management

    total $489,688 · management and general $489,688

  • 11g · Fees: other

    total $890,374 · program services $793,379 · management and general $96,995

  • 13 · Office expenses

    total $32,266 · program services $23,623 · management and general $8,643

  • 14 · Information technology

    total $143,029 · program services $883 · management and general $142,146

  • 16 · Occupancy

    total $18,226 · program services $500 · management and general $17,726

  • 17 · Travel

    total $13,352 · program services $12,102 · management and general $1,250

  • 19 · Conferences, conventions and meetings

    total $31,748 · management and general $31,748

  • 20 · Interest

    total $86 · management and general $86

  • 22 · Depreciation, depletion and amortization

    total $14,092 · management and general $14,092

  • 23 · Insurance

    total $24,579 · management and general $24,579

  • 24a · Other expenses: Administrative fees

    total $1,042,958 · program services $1,042,958

  • 24b · Other expenses: Program awards

    total $162,176 · program services $162,176

  • 24c · Other expenses: Other program expenses

    total $71,721 · program services $71,721

  • 24d · Other expenses: Dues and subscriptions

    total $47,230 · program services $20,721 · management and general $26,509

  • 24e · All other expenses

    total $35,541 · program services $13,137 · management and general $22,404

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $916,988 · end of year $1,024,782

  • 2 · Savings and temporary cash investments

    beginning of year $12,429,331 · end of year $8,148,848

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $50,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,839 · end of year $20,740

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

    $217,371

  • 10b · Land, buildings and equipment: accumulated depreciation

    $181,303

  • 10c · Land, buildings and equipment, net

    beginning of year $40,902 · end of year $36,068

  • 11 · Investments: publicly traded securities

    beginning of year $134,251,780 · end of year $158,086,631

  • 12 · Investments: other securities

    beginning of year $825,000 · end of year $825,000

  • 15 · Other assets

    beginning of year $55,974 · end of year $127,981

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,602 · end of year $51,750

  • 21 · Escrow or custodial account liability

    beginning of year $15,401,189 · end of year $16,948,520

  • 27 · Net assets without donor restrictions

    beginning of year $108,351,731 · end of year $124,199,154

  • 28 · Net assets with donor restrictions

    beginning of year $24,829,292 · end of year $27,120,626

Mission and programs · 2023

Mission

The mission of the Community Foundation of Acadiana is to build legacies and improve communities by connecting generous people to the causes they care about.

Activities or mission (Part I)

Community Foundation of Acadiana was created to improve the quality of life in our region. The Foundation achieves this goal by increasing charitable giving, creating meaningful and effective giving opportunities for our donors, and providing leadership in our region. These efforts are grounded in the belief that through philanthropy the Foundation can positively impact our community. The Foundation is committed to servicing and benefitting the geographic area of south-central Louisiana. It has positioned itself as a "tool" for individual donors, families and corporations to increase and enhance their charitable and philanthropic interests. It has also positioned itself as a "tool" for other entities (including local government entities) to help realize objectives and/or projects that may need an objective third party.

  • Leaders in Law - Leaders in Law Enforcement awards are designed to honor those departments who are making the most impact in their communities with the resources they have been allocated. These funds are to be used at their discretion to improve operations and continue to encourage extraordinary performance.

    Expenses $170,665 · Grants $160,000

  • Scholarships- Community Foundation of Acadiana provides assistance to students at any education level or for a specific institution. All scholarship grants are paid directly to the educational institution.

    Expenses $215,250 · Grants $215,250

  • SOLA Giving Day-Community Foundation of Acadiana hosts its annual SOLA Giving Day which was a 24 hour online fundraising event for non-profit organizations, churches, and schools.

    Expenses $1,426,876 · Grants $1,264,294

  • Various grants and expenses for other charitable programs

    Expenses $14,333,267 · Grants $12,298,911

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jason Freyou

    Past Chair

    Total calculated
    $0
    Hours/week
    2

  • Clay Darnall

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Jim Doyle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Allyson Pharr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wayne Phillips

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elena Knezek

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ian Macdonald

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Mary Leach Werner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brach Myers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Deiadra Garrett MD PHD

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Christa Billeaud

    Director

    Total calculated
    $0
    Hours/week
    1

  • Randy Prather

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marie Centanni

    Director

    Total calculated
    $0
    Hours/week
    1

  • Grant Guillotte

    Director

    Total calculated
    $0
    Hours/week
    1

  • Casey Hoyt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Musso

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Rader

    Director

    Total calculated
    $0
    Hours/week
    1

  • William Rucks

    Director

    Total calculated
    $0
    Hours/week
    1

  • Missy Andrade

    CEO

    Total calculated
    $208,935
    From this org
    $185,000
    From related orgs
    $0
    Other
    $23,935
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $185,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,935
    Filer's total
    $208,935

  • Raymond J Hebert

    Former Executive Director

    Total calculated
    $185,331
    From this org
    $160,972
    From related orgs
    $0
    Other
    $24,359
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $60,972
    Bonus
    $0
    Other
    $100,000
    Deferred
    $0
    Nontaxable benefits
    $24,359
    Filer's total
    $185,331

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CFA Alpha Properties LLC

    Holds royalty interests · LA · assets $34,000

    Directly controlled by Community Foundation of Acadiana

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443189349301964

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

The source document this was parsed from is served over the API, which is where bulk and document access live.