Lsu In Shreveport Foundation Inc
- Assets
- $32.9m
- Revenue
- $1.3m
- Investments
- $1.5m
- Employees
- 4
- Location
- Shreveport, LA
- Founding
- 09/1985
- Data as of
- 06/2021
- EIN
- 72-1031108
Organization Overview
Lsu In Shreveport Foundation Inc is located in Shreveport, LA. The organization was established in 1985. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Lsu In Shreveport Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lsu In Shreveport Foundation 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 06/2021, Lsu In Shreveport Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LSUS FOUNDATION IS A 501(C)(3) NONPROFIT CORPORATION WHOSE SOLE MISSION IS TO FOSTER PRIVATE SUPPORT FOR LOUISIANA STATE UNIVERSITY IN SHREVEPORT, MANAGE INVESTMENTS, AND SERVE AS TRUSTEE FOR FUNDS AND OTHER CONTRIBUTED ASSETS FOR BENEFIT OF THE UNIVERSITY. THE LSUS FOUNDATION PROMOTES PHILANTHROPIC SUPPORT FOR LSUS PROGRAMS AND AREAS OF STUDY WHILE RECOGNIZING THE ALL-IMPORTANT GROWTH AND SUCCESS OF ECONOMIC DEVELOPMENT IN NORTHEAST LOUISIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LSUS FOUNDATION COLLECTS FUNDS AND SPENDS THEM FOR SCHOLARSHIPS, RESEARCH, AND OTHER BENEFITS FOR LSUS AS MAY BE PRESCRIBED BY THE DONORS OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hardy Foreman Secretary/treasurer | OfficerTrustee | 2 | $0 |
Dr Sandra A Mccalla Vice President | OfficerTrustee | 2 | $0 |
Carey A Sullivan President | OfficerTrustee | 2 | $0 |
Stephen R Yancey II Immediate Past President | OfficerTrustee | 1 | $0 |
James K Elrod Director | Trustee | 1 | $0 |
Dr Phillip Rozeman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,503 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $583,627 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $629,130 |
| Total Program Service Revenue | $0 |
| Investment income | $454,092 |
| 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 | $1,263,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $409,448 |
| 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 | $0 |
| Fees for services: Accounting | $26,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,336 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,000 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,776 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,528 |
| Insurance | $0 |
| All other expenses | $123,503 |
| Total functional expenses | $1,356,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,216 |
| Savings and temporary cash investments | $1,458,117 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $2,000 |
| 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 | $3,098 |
| Net Land, buildings, and equipment | $140,576 |
| Investments—publicly traded securities | $29,423,017 |
| Investments—other securities | $1,479,825 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,890,849 |
| Accounts payable and accrued expenses | $126,891 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Other liabilities | $9,147,648 |
| Total liabilities | $9,274,539 |
| Net assets without donor restrictions | $607,793 |
| Net assets with donor restrictions | $23,008,517 |
| 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 | $32,890,849 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lsu In Shreveport Foundation Inc has recieved totaling $167,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Louisiana Shreveport, LA PURPOSE: FOR THE SPRING STREET MUSEUM; FOR GENERAL SUPPORT; FOR LAPREP AND ITS ASSOCIATED PROGRAMS; FOR RED RIVER RADIO FOR LOCAL NEWS AND COMMUNITY AFFAIRS PROGRAMMING | $159,750 |
Americas Charities Chantilly, VA PURPOSE: GENERAL SUPPORT | $7,250 |
Endowment Analysis
| Beg. Balance | $15,475,998 |
| Earnings | $4,523,852 |
| Admin Expense | $359,731 |
| Net Contributions | $90,005 |
| Ending Balance | $19,730,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
University Of Southern Mississippi Foundation Hattiesburg, MS | $151,472,857 | $19,113,544 |
Robert M Hearin Support Foundation Jackson, MS | $193,382,417 | $17,750,137 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Texas Law School Foundation Austin, TX | $263,458,115 | $22,437,207 |
Dallas Seminary Foundation Dallas, TX | $76,216,359 | $8,000,736 |
Sul Ross State University Foundation Alpine, TX | $1,687,998 | $1,230,429 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |