The Louisiana Open Inc
- Assets
- $681.8k
- Revenue
- $468.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 10/1987
- Data as of
- 06/2022
- EIN
- 72-1043611
Organization Overview
The Louisiana Open Inc is located in Lafayette, LA. The organization was established in 1987. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Open 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, Louisiana Open Inc generated $468.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $435.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Louisiana Open Inc has awarded 51 individual grants totaling $526,365. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RUNS A MAJOR GOLF TOURNAMENT ANNUALLY TO PROVIDE LOCAL CHARITIES WITH NECESSARY FUNDING. IT ALSO RUNS OTHER SMALLER GOLF TOURNAMENTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny G Jones Executive Direc | Trustee | 40 | $110,152 |
Harry Patin Jr President | Trustee | 4 | $0 |
Kenny Crocket Director | Trustee | 1 | $0 |
Godfrey L Marine Director | Trustee | 1 | $0 |
William J Arledge Secretary | Trustee | 4 | $0 |
David Hebert Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $7,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $461,138 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $468,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $220,949 |
| 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. | $110,152 |
| Compensation of current officers, directors, key employees. | $110,152 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $500 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $32,703 |
| All other expenses | $914 |
| Total functional expenses | $435,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,509 |
| Savings and temporary cash investments | $150,420 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $128,884 |
| 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 | $0 |
| Investments—publicly traded securities | $75,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $681,813 |
| Accounts payable and accrued expenses | $128,693 |
| 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 | $65,146 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,191 |
| Total liabilities | $207,030 |
| Net assets without donor restrictions | $474,783 |
| Net assets with donor restrictions | $0 |
| 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 | $681,813 |
Grants Awarded
Over the last fiscal year, The Louisiana Open Inc has awarded $135,219 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ACADIANA HIGH SCH PARENT CLUB PURPOSE: EDUCATION | $5,190 |
CHI OMEGA FRATERNITY PURPOSE: EDUCATION | $18,910 |
CHRISTIAN YOUTH THEATER PURPOSE: YOUTH SPORTS | $16,510 |
BROUSARD KNIGHT COLUMBUS PURPOSE: COMMUNITY | $6,000 |
NEW IBERIA SENIOR HIGH PURPOSE: EDUCATION | $8,970 |
LAFAYETTE HIGH SCHWRESTLING PURPOSE: YOUTH SPORTS | $9,770 |