Louisiana Association Of Business And Industry

Organization Overview

Louisiana Association Of Business And Industry is located in Baton Rouge, LA. The organization was established in 1975. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Louisiana Association Of Business And Industry employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Association Of Business And Industry is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2020, Louisiana Association Of Business And Industry generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $3.2m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE THE BUSINESS CLIMATE OF LOUISIANA

Describe the Organization's Program Activity:

Part 3 - Line 4a

ISSUE COUNCILS, RESEARCH AND PROGRAMS OF ACTION - LABI IS AN ORGANIZATION DESIGNED TO ENSURE STRONG ECONOMIC GROWTH, EXPANSION OF JOB OPPORTUNITIES IN LOUISIANA AND ENSURE POLITICAL BALANCE IN GOVERNMENT BETWEEN BUSINESS, LABOR AND OTHER GROUPS OF INFLUENCE.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen Waguespack
President
$506,853
Courtney Baker
Employee
$118,249
Wanda Allphin
Vice President, Finance
$114,391
James Patterson
Vice Chairman
$111,925
John Staples
Employee
$103,171
Tim Stine
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$700,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$837,638
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,537,638
Total Program Service Revenue$1,824,480
Investment income $27,207
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $11,291
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 $4,000,207

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Louisiana Association Of Business And Industry has recieved totaling $210,000.

Awarding OrganizationAmount
Merice Boo Johnston Grigsby Foundation A Nonprofit Corporation

Baton Rouge, LA

PURPOSE: TO FURTHER THE EXEMPT PURPOSES OF THE RECIPIENT ORGANIZATION

$200,000
National Skills Coalition

Washington, DC

PURPOSE: BLU SUBGRANT AGREEMENT

$10,000
View Grant Recipient Profile

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