Totals
- Total revenue
- $159,600
- Total expenses
- $166,151
- Contributions and grants received
- $110,000
- Grants paid
- $0
- Program service revenue
- $49,600
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $40,073
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $40,073
- Program services expenses (Part IX)
- $93,339
- Management and general expenses
- $72,812
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $93,339
Program services were 56.2% 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
$110,000
-
2a · Program service revenue: Conferences & Seminars
total $49,600 · related or exempt $49,600
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $62,394 · management and general $62,394
-
11c · Fees: accounting
total $1,450 · management and general $1,450
-
11g · Fees: other
total $60,666 · program services $60,666
-
13 · Office expenses
total $2,637 · management and general $2,637
-
17 · Travel
total $6,131 · management and general $6,131
-
19 · Conferences, conventions and meetings
total $32,673 · program services $32,673
-
24a · Other expenses: Bank Fees
total $200 · management and general $200
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $19,104 · end of year $30,452
-
4 · Accounts receivable
beginning of year $27,520 · end of year $9,621
-
27 · Net assets without donor restrictions
beginning of year $46,624 · end of year $40,073
Mission and programs · 2024
Mission
To partner with business leaders to educate and help deliver successful strategies to maximize Louisiana's economic potential by offering educational materials and programs on areas of importance in Louisiana.
-
Offered educational materials and programs on issues of importance in the State of Louisiana. These activities include, but are not limited to, panel discussions, conferences, presentations, research and communications that are beneficial to the mission of LABI Foundation.
Expenses $93,339 · Revenue $49,600
As filed on the 2024 return.
Listed in Part VII
-
Maura Donahue
President
- Total calculated
- $0
- Hours/week
- 1
-
Reldon Owens
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Clay Allen
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Kinsey
Director
- 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.
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.
-
Louisiana Association of Business and Industry
501(c)(6) · Membership organization · LA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532199349301968
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