Ragin Cajun Facilities Inc
- Assets
- $263.6m
- Revenue
- $22.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 06/2004
- Data as of
- 06/2022
- EIN
- 68-0514562
Organization Overview
Ragin Cajun Facilities Inc is located in Lafayette, LA. The organization was established in 2004. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ragin Cajun Facilities Inc 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 06/2022, Ragin Cajun Facilities Inc generated $22.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $25.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, ASSIST, AND BENEFIT THE EDUCATIONAL MISSION OF UNIVERSITY OF LOUISIANA AT LAFAYETTE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED STUDENT HOUSING FOR THE UNIVERSITY OF LOUISIANA AT LAFAYETTE - 468 BED APARTMENT COMPLEX; CONSTRUCTION WAS COMPLETED ON THE SECOND PHASE OF THE LEGACY PARK APARTMENT COMPLEX AND ADDITIONAL UNITS WERE ADDED IN JULY, 2010. DURING FISCAL YEAR ENDED JUNE 30, 2012 CONSTRUCTION WAS COMPLETED ON TWO NEW RESIDENCE HALLS AND A PARKING GARAGE WHICH WERE PLACED IN SERVICE. BY JUNE 30, 2014 AN ADDITIONAL TWO NEW RESIDENCE HALLS WERE COMPLETED ALONG WITH RENOVATIONS TO FOUR RESIDENCE HALLS AND CONSTRUCTION OF A SIX LEVEL PARKING GARAGE. IN THE FISCAL YEAR ENDED JUNE 30, 2015 IMPROVEMENTS TO CAJUN FIELD STADIUM WERE COMPLETED IN OCTOBER, 2014, AND THE NEW STUDENT UNION OPENED IN JANUARY, 2015. IN SEPTEMBER, 2015 THE TRACK AND SOCCER FACILITIES AND THE ATHLETIC PRACTICE FACILITY WERE COMPLETED. IMPROVEMENTS TO THE UNIVERSITY'S CAJUNDOME FACILITY WERE BEGUN IN THE FISCAL YEAR ENDED 6/30/16. IN FISCAL YEAR ENDED 06/30/18, CONSTRUCTION OF A NEW BASEBALL STADIUM BEGAN AS WELL AS CONSTRUCTION OF A NEW STUDENT HOUSING AND PARKING PROJECT LOCATED AT THE CORNER OF JOHNSTON ST AND LEWIS ST IN LAFAYETTE, LA. THE BASEBALL STADIUM PROJECT WAS COMPLETED IN 2018 AND THE STUDENT HOUSING AND PARKING PROJECT WAS OFFICIALLY COMPLETED IN 2020. IMPROVEMENTS TO THE UNIVERSITY'S CAJUNDOME FACILITY WERE ALSO MADE DURING 2020,2021 AND 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fontenot Chairman/director | OfficerTrustee | 1 | $0 |
B Hunter Trahan Vice Chairman/director | OfficerTrustee | 1 | $0 |
Scott Hebert Director | Trustee | 1 | $0 |
Larry Lewis Director | Trustee | 1 | $0 |
Jerry Luke Leblanc Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,589,540 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,953,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,543,482 |
| Total Program Service Revenue | $13,610,393 |
| Investment income | $5,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,159,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,158 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,889,189 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,189,885 |
| Insurance | $28,911 |
| All other expenses | $0 |
| Total functional expenses | $25,147,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,074,380 |
| Savings and temporary cash investments | $5,087,262 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,481 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $252,975,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $410,881 |
| Total assets | $263,550,740 |
| Accounts payable and accrued expenses | $3,151,241 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $249,041,178 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $487,310 |
| Other liabilities | $60,000 |
| Total liabilities | $252,739,729 |
| Net assets without donor restrictions | $2,179,886 |
| Net assets with donor restrictions | $8,631,125 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $263,550,740 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ragin Cajun Facilities Inc has recieved totaling $49,220.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Acadiana Lafayette, LA PURPOSE: Capital Campaign Funds, Annual Funds | $49,220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ragin Cajun Facilities Inc Lafayette, LA | $263,550,740 | $22,159,335 |
University Facilities Inc Hammond, LA | $142,004,479 | $18,110,312 |
The Macguire Center El Paso, TX | $178,858 | $665,370 |
Projecthandup Grapevine, TX | $51,069,660 | $5,731,956 |
Boles Childrens Home Inc Quinlan, TX | $12,043,794 | $1,742,939 |
Temenos Community Development Corpo Ration Houston, TX | $5,605,357 | -$300,037 |
Empower 225 Baton Rouge, LA | $1,080,614 | $2,677,785 |
Reynolds House Non-Profit Corporation El Paso, TX | $703,756 | $1,361,764 |
Reflection Ministries Of Texas Inc Midland, TX | $2,559,712 | $2,275,639 |
Covenant Recovery Inc Pine Bluff, AR | $956,380 | $1,711,087 |
New Orleans Women & Childrens Shelter Inc New Orleans, LA | $1,027,149 | $1,948,703 |
Inter-Cooperative Council At University Of Texas Inc Austin, TX | $6,304,599 | $1,430,552 |