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← FOUNDATION FOR EXCELLENCE IN LOUISIANA PUBLIC BROADCASTING

Form 990 for tax year 2022

Filed by FOUNDATION FOR EXCELLENCE IN LOUISIANA PUBLIC BROADCASTING.

Totals

Total revenue
$8,456,042
Total expenses
$6,221,217
Contributions and grants received
$4,533,556
Grants paid
$0
Program service revenue
$1,994,349
Investment income
$1,925,325
Other revenue
$2,812
Total assets, end of year
$53,795,380
Total liabilities, end of year
$169,191
Net assets or fund balances, end of year
$53,626,189
Program services expenses (Part IX)
$5,353,653
Management and general expenses
$867,564
Fundraising expenses
$0
Program service expenses (Part III)
$5,353,653

Program services were 86.1% 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

    $1,422,903

  • 1f · All other contributions, gifts and grants

    $3,110,653

  • 2a · Program service revenue: Project and productions

    total $851,046 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Underwriting

    total $865,771 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Satellite/tower leases

    total $277,532 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,160,982 · unrelated business $0 · excluded $1,160,982

  • 5 · Royalties

    total $2,812 · related or exempt $0 · unrelated business $0 · excluded $2,812

  • 7a · Gross sales of assets other than inventory

    securities $5,748,188

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

    securities $4,983,845

  • 7c · Gain or loss

    securities $764,343

  • 7d · Net gain or loss

    total $764,343 · related or exempt $0 · unrelated business $0 · excluded $764,343

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 $165,115 · program services $0 · management and general $165,115 · fundraising $0

  • 17 · Travel

    total $52,858 · program services $45,458 · management and general $7,400 · fundraising $0

  • 24a · Other expenses: Professional services

    total $1,103,095 · program services $1,037,668 · management and general $65,427 · fundraising $0

  • 24b · Other expenses: Operating services

    total $4,323,062 · program services $3,974,893 · management and general $348,169 · fundraising $0

  • 24c · Other expenses: Personnel

    total $410,878 · program services $225,983 · management and general $184,895 · fundraising $0

  • 24d · Other expenses: Rentals of equipment

    total $142,209 · program services $69,651 · management and general $72,558 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,607,462 · end of year $1,937,756

  • 3 · Pledges and grants receivable

    end of year $550,343

  • 4 · Accounts receivable

    beginning of year $349,574 · end of year $381,651

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,522 · end of year $133,711

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

    $69,938

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

    $69,938

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $46,961,872 · end of year $50,791,919

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,518 · end of year $53,500

  • 19 · Deferred revenue

    beginning of year $496,759 · end of year $111,609

  • 25 · Other liabilities

    beginning of year $181,625 · end of year $4,082

  • 27 · Net assets without donor restrictions

    beginning of year $49,321,528 · end of year $53,122,846

  • 28 · Net assets with donor restrictions

    end of year $503,343

Mission and programs · 2022

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 $5,353,653 · Revenue $1,994,349

As filed on the 2022 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

  • Bob Emmert

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • William Weldon

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Beth Courtney

    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

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
2022
Filed
18 October 2023
IRS schema version
2022v5.0
Source object
202322989349301287

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