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Nonprofiteer
← LOUISIANA REAL ESTATE FOUNDATION

Form 990 for tax year 2023

Filed by LOUISIANA REAL ESTATE FOUNDATION.

Totals

Total revenue
$288,093
Total expenses
$780,057
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$286,517
Investment income
$1,576
Other revenue
$0
Total assets, end of year
$21,267,280
Total liabilities, end of year
$1,950,642
Net assets or fund balances, end of year
$19,316,638
Program services expenses (Part IX)
$745,216
Management and general expenses
$34,841
Fundraising expenses
$0
Program service expenses (Part III)
$745,216

Program services were 95.5% 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.

  • 2a · Program service revenue: ASCENSION EPISCOPAL SC

    total $249,480 · related or exempt $249,480

  • 2b · Program service revenue: ASCENSION PRESCHOOL

    total $37,037 · related or exempt $37,037

  • 3 · Investment income

    total $4,731 · excluded $4,731

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

    other assets $3,155

  • 7c · Gain or loss

    other assets -$3,155

  • 7d · Net gain or loss

    total -$3,155 · excluded -$3,155

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $1,800 · program services $1,800

  • 11g · Fees: other

    total $504 · management and general $504

  • 20 · Interest

    total $94,905 · program services $94,905

  • 22 · Depreciation, depletion and amortization

    total $682,324 · program services $647,987 · management and general $34,337

  • 24a · Other expenses: BANK FEES

    total $524 · program services $524

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,161 · end of year $1,141

  • 2 · Savings and temporary cash investments

    beginning of year $37,452 · end of year $37,713

  • 7 · Other notes and loans receivable

    beginning of year $431,827 · end of year $431,827

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

    $30,690,694

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

    $10,036,665

  • 10c · Land, buildings and equipment, net

    beginning of year $21,339,006 · end of year $20,654,029

  • 11 · Investments: publicly traded securities

    beginning of year $66,479 · end of year $69,070

  • 15 · Other assets

    beginning of year $74,001 · end of year $73,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,063 · end of year $4,063

  • 20 · Tax-exempt bond liabilities

    beginning of year $70,000

  • 24 · Unsecured notes and loans payable

    beginning of year $2,103,248 · end of year $1,946,579

  • 27 · Net assets without donor restrictions

    beginning of year $12,827,631 · end of year $12,372,627

  • 28 · Net assets with donor restrictions

    beginning of year $6,980,984 · end of year $6,944,011

Mission and programs · 2023

Mission

TO SUPPORT COMMUNITY FOUNDATION OF ACADIANA BY ACCEPTING GIFTS OF REAL ESTATE AND TO HOLD AND MANAGE IMMOVABLE PROPERTIES.

Activities or mission (Part I)

TO SUPPORT COMMUNITY FOUNDATION OF ACADIANA BY ACCEPTING GIFTS OF REAL ESTATE AND TO HOLD AND MANAGE IMMOVABLE PROPERTIES

  • MANAGEMENT OF PROPERTY AND DEBT FOR ASCENSION EPISCOPAL HIGH SCHOOL

    Expenses $687,406 · Revenue $249,480

  • MANAGEMENT OF PROPERTY AND DEBT FOR ASCENSION EPISCOPAL PRESCHOOL.

    Expenses $57,810 · Revenue $37,037

As filed on the 2023 return.

Listed in Part VII

  • Clay Darnall

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Allyson Pharr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wayne Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Freyou

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Brach Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elena Knezek

    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

  • Mary Leach Werner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Doyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ian MacDonald

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • 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
    $0
    From related orgs
    $185,000
    Other
    $23,935
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

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

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

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.

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.

  • ASCENSION EPISCOPAL SCHOOL CAMPUS LLC

    MANAGE PROPERTY AND DEBT OF ASCENSION EPISCOPAL HIGH SCHOOL · LA · income $252,814 · assets $18,243,076

    Directly controlled by LOUISIANA REAL ESTATE FOUNDATION

  • CFA-REH LLC

    MANAGE PROPERTY AND DEBT OF ASCENSION PRESCHOOL · LA · income $38,422 · assets $1,591,511

    Directly controlled by LOUISIANA REAL ESTATE FOUNDATION

  • CFA PROPERTIES LLC

    INACTIVE · LA

    Directly controlled by LOUISIANA REAL ESTATE FOUNDATION

  • CFA OFFICE LLC

    HOLD PROPERTY FOR ADMINISTRATIVE OFFICE · LA · assets $1,434,528

    Directly controlled by LOUISIANA REAL ESTATE FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403189349301865

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