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← LOUISIANA ASSOCIATION OF BUSINESS AND INDUSTRY

Form 990 for tax year 2022

Filed by LOUISIANA ASSOCIATION OF BUSINESS AND INDUSTRY.

Totals

Total revenue
$3,851,106
Total expenses
$3,645,032
Contributions and grants received
$673,769
Grants paid
$0
Program service revenue
$2,008,511
Investment income
$307,061
Other revenue
$861,765
Total assets, end of year
$8,107,345
Total liabilities, end of year
$366,783
Net assets or fund balances, end of year
$7,740,562
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $275,000

  • 1e · Government grants (contributions)

    $262,517

  • 1f · All other contributions, gifts and grants

    $136,252

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,581,825 · related or exempt $1,581,825

  • 2b · Program service revenue: CONFERENCES & SEMINARS

    total $426,686 · related or exempt $426,686

  • 3 · Investment income

    total $307,061 · excluded $307,061

  • 11a · Other revenue: ADMINISTRATIVE REIMBUR

    total $537,712 · related or exempt $537,712

  • 11b · Other revenue: MAGAZINE REVENUE

    total $170,156 · unrelated business $170,156

  • 11c · Other revenue: SPONSORSHIP INCOME

    total $65,581 · related or exempt $65,581

  • 11d · All other revenue

    total $88,316 · related or exempt $88,316

  • 11e · Other revenue, total

    $861,765

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $855,544

  • 7 · Other salaries and wages

    total $1,341,601

  • 8 · Pension plan contributions

    total $62,671

  • 9 · Other employee benefits

    total $117,990

  • 10 · Payroll taxes

    total $116,357

  • 11c · Fees: accounting

    total $9,860

  • 11d · Fees: lobbying

    total $3,344

  • 13 · Office expenses

    total $259,101

  • 14 · Information technology

    total $57,290

  • 16 · Occupancy

    total $46,272

  • 17 · Travel

    total $93,858

  • 19 · Conferences, conventions and meetings

    total $323,480

  • 20 · Interest

    total $12,770

  • 22 · Depreciation, depletion and amortization

    total $243,902

  • 23 · Insurance

    total $39,297

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $49,145

  • 24b · Other expenses: DUES

    total $12,550

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $291,060 · end of year $123,767

  • 2 · Savings and temporary cash investments

    beginning of year $13,606 · end of year $3,237

  • 4 · Accounts receivable

    beginning of year $1,580 · end of year $1,221

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

    $7,757,904

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

    $934,919

  • 10c · Land, buildings and equipment, net

    beginning of year $7,057,452 · end of year $6,822,985

  • 11 · Investments: publicly traded securities

    beginning of year $760,203 · end of year $820,283

  • 12 · Investments: other securities

    beginning of year $396,103 · end of year $335,852

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,344 · end of year $59,517

  • 23 · Secured mortgages and notes payable

    beginning of year $700,000 · end of year $307,266

  • 27 · Net assets without donor restrictions

    beginning of year $7,734,660 · end of year $7,740,562

Mission and programs · 2022

Mission

TO FOSTER A CLIMATE FOR ECONOMIC GROWTH BY CHAMPIONING THE PRINCIPLES OF THE FREE ENTERPRISE SYSTEM AND BY REPRESENTING THE GENERAL INTERESTS OF THE BUSINESS COMMUNITY THROUGH THE ACTIVE INVOLVEMENT IN THE POLITICAL, LEGISLATIVE, JUDICIAL, AND REGULATORY PROCESSES

Activities or mission (Part I)

TO IMPROVE THE BUSINESS CLIMATE OF LOUISIANA

  • ISSUE COUNCILS, RESEARCH AND PROGRAMS OF ACTION - LABI IS AN ORGANIZATION DESIGNED TO ENSURE STRONG ECONOMIC GROWTH, EXPANSION OF JOB OPPORTUNITIES IN LOUISIANA AND ENSURE POLITICAL BALANCE IN GOVERNMENT BETWEEN BUSINESS, LABOR AND OTHER GROUPS OF INFLUENCE.

As filed on the 2022 return.

Listed in Part VII

  • Tim Stine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sonia Perez

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Terry Baugh

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Tom O'Neal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Art Farve

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Angelico

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joe Arroyo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Scott Ballard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bobby Barousse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cody Bauman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andree Begneaud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jill Benoit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert S Boh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ayres Bradford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dan Brouillette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tee Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • April Brumfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jh Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kim Carver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Cavell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Blake Chatelain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Camille Conaway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kevin Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Emile Cordaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tom Cox

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Kim Cusimano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charles Dabadie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nicole Daigle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Eric Danos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Decuir

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • John Doggett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Donahue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Eason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lavelle Edmonson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ronald Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Meryl Kennedy Farr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Courtney A Fenet Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William Fenstermaker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Gaines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ryan Girouard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tyler Gray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lane Grigsby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • George H Guidry Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Guillory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jay Guillot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Adam Haddox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bryan Hanks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Haskew

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andy Huggins Sr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Huval

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bryan Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve Jordan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christopher Kinsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Raymond Lasseigne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matthew Mann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Melissa Mann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jude Melville

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Patrick Mockler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jessica Monroe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jody Montelaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Frank Neuner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Nicaud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Overton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Reldon Owens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Federick Palmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ajay Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Todd Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Poche

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Scott Poole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • E Frederick Preis Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Arthur Price

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Wynn Radford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Scott Rainwater

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kenneth Ross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Phillip Rozeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Saurage

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nathalie Simon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christel Slaughter

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Craig Stevens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dana Stumpf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Edgardo Tenreiro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephen Toups

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kelli Troutman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Steve Udvarhelyi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Uffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shawn Usher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristen Wall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Walters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Yarborough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joseph Zanco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Wayne Fontana

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bob Barton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lauren Gibbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephen Waguespack

    PRESIDENT

    Total calculated
    $650,487
    From this org
    $601,353
    From related orgs
    $0
    Other
    $49,134
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $501,353
    Bonus
    $100,000
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $33,884
    Filer's total
    $650,487
  • Wanda Allphin

    VICE PRESIDENT, FINANCE

    Total calculated
    $149,225
    From this org
    $126,335
    From related orgs
    $0
    Other
    $22,890
    Hours/week
    40
  • James Patterson

    VICE PRESIDENT

    Total calculated
    $143,013
    From this org
    $127,856
    From related orgs
    $0
    Other
    $15,157
    Hours/week
    40
  • Ashley Gordon

    EMPLOYEE

    Total calculated
    $137,124
    From this org
    $110,039
    From related orgs
    $0
    Other
    $27,085
    Hours/week
    40
  • Elena Lacour

    EMPLOYEE

    Total calculated
    $126,418
    From this org
    $110,479
    From related orgs
    $0
    Other
    $15,939
    Hours/week
    40

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

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

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.

  • EASTPAC

    527 · TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICE · LA

  • WESTPAC

    527 · TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICE · LA

  • NORTHPAC

    527 · TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICE · LA

  • SOUTHPAC

    527 · TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICE · LA

  • LABI FOUNDATION

    501(C)(3) · TO PARTNER WITH BUSINESS LEADERS TO MAXIMIZE LOUISIANA'S ECONOMIC POTENTIAL · LA

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LABI SERVICE CORPORATION

    C · PUBLICATIONS,SEMINARS, & SPONSORS A GROUP HEALTH INS PROGRAM · LA · 100% owned · share of income $214,750 · share of assets $356,342 · controlled entity

    Directly controlled by LOUISIANA ASSOCIATION OF BUSINESS AND INDUSTRY

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202343119349300834

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