Louisiana Tech Applied Research Corporation
- Assets
- $2.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Ruston, LA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3845783
Organization Overview
Louisiana Tech Applied Research Corporation is located in Ruston, 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 12/2021, Louisiana Tech Applied Research Corporation generated $1.9m in total revenue.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING LOUISIANA TECH UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sumeet Dua Director | 0 | $0 | |
Jack Byrd Director | 0 | $0 | |
Jimmy Hall Treasurer | 0 | $0 | |
Bobby Cockrell President | 0 | $0 | |
Gary Hubbard Secretary | 0 | $0 | |
Anthony Carver Officer | 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 | $931,207 |
| Total Revenue | $1,931,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,067 |
| Printing and publications | $536 |
| Other expenses | $9,571 |
| Total operating and administrative expenses | $1,281,436 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,281,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,908,213 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $51,039 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $1,959,252 |
| Accounts payable and accrued expenses | $105,761 |
| 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 | $105,761 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Advanced Research Center The Woodlands, TX | $1,028,112 | $5,176,623 |
Stephenson Technologies Corporation Baton Rouge, LA | $6,317,141 | $14,464,169 |
Stephenson Stellar Corporation Baton Rouge, LA | $3,925,054 | $6,640,375 |
Louisiana Tech Applied Research Corporation Ruston, LA | $1,959,252 | $1,931,207 |
Alek Kavcic Foundation Austin, TX | $781,603 | $1,590,385 |
Brink Technology Inc Austin, TX | $3,996,292 | $4,459,224 |
Institute For Technology Development Inc Ridgeland, MS | $6,276,859 | $293,939 |
Youth Code Jam San Antonio San Antonio, TX | $236,927 | $371,939 |
Center For Maximum Potential Building Systems Inc Austin, TX | $946,793 | $448,420 |
Business Technology Association Southeast Baton Rouge, LA | $797,169 | $283,032 |
Technology Student Association Carthage, TX | $994,243 | $360,844 |
International Conference On Computer Aided Verification Inc Austin, TX | $251,224 | $0 |