Louisiana Tech Applied Research Corporation
- Assets
- $2.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Bossier City, LA
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-3845783
Organization Overview
Louisiana Tech Applied Research Corporation is located in Bossier City, LA. The organization was established in 2015. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Tech Applied Research Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Louisiana Tech Applied Research Corporation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 64.0% each year .
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING LOUISIANA TECH UNIVERSITY AND OPERATING THE LTRI FACILITY IN THE NATIONAL CYBER RESEARCH PARK IN BOSSIER CITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Byrd Director | 0 | $0 | |
Leslie Guice Director | 0 | $0 | |
Gary Hubbard Director | 0 | $0 | |
Robert Cockrell Jr Director | 0 | $0 | |
William Altimus Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,140,211 |
| Total Revenue | $2,140,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $143,791 |
| Travel, conferences, and meetings | $7,476 |
| Printing and publications | $66 |
| Other expenses | $5,764 |
| Total operating and administrative expenses | $1,677,954 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,677,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,031,464 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $257,265 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,970 |
| Other assets | $0 |
| Total assets | $2,290,699 |
| Accounts payable and accrued expenses | $127,668 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $127,668 |