The Louisiana Open Inc
- Assets
- $568.3k
- Revenue
- $65.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 10/1987
- Data as of
- 06/2020
- 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 06/2020, Louisiana Open Inc generated $65.1k 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 (27.0%) each year. All expenses for the organization totaled $305.2k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Louisiana Open Inc has awarded 42 individual grants totaling $391,146. 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
2020
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 | $98,427 |
Harry Patin Jr President | Trustee | 4 | $0 |
Godfrey L Marine Director | Trustee | 1 | $0 |
Kenny Crocket Director | Trustee | 1 | $0 |
William J Arledge Secretary | Trustee | 4 | $0 |
David Hebert Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $7,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,598 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,071 |
| Statement of Expenses | |
|---|---|
| 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. | $98,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,743 |
| 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 | $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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,678 |
| All other expenses | $0 |
| Total functional expenses | $305,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,905 |
| Savings and temporary cash investments | $150,098 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,651 |
| 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 |
| Investments—publicly traded securities | $75,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,650 |
| Total assets | $568,304 |
| Accounts payable and accrued expenses | $123,391 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $58,203 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $32,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $216,859 |
| Total liabilities | $431,153 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $137,151 |
Grants Awarded
Over the last fiscal year, The Louisiana Open Inc has awarded $54,040 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN YOUTH THEATER PURPOSE: YOUTH SPORTS | $13,770 |
NEW IBERIA SENIOR HIGH PURPOSE: EDUCATION | $10,860 |
NORTH VERMILLION HIGH SCHOOL PURPOSE: EDUCATION | $8,800 |
Lafayette, LA PURPOSE: HIGHER EDUCATION | $7,860 |
TEURLINGS CATHOLIC HIGH SCHOO PURPOSE: YOUTH SPORTS | $7,370 |
Lafayette, LA PURPOSE: COMMUNITY | $5,380 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Louisiana Open Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Acadiana Lafayette, LA PURPOSE: General Support | $25,000 |
Fore Kids Foundation Inc Avondale, LA PURPOSE: GENERAL ASSISTANCE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Houston Houston, TX | $90,238,589 | $64,032,577 |
United Way Of Metropolitan Dallas Inc Dallas, TX | $52,867,984 | $61,265,319 |
United Way Of San Antonio & Bexar County San Antonio, TX | $74,846,616 | $63,219,295 |
United Way Of Tarrant County Fort Worth, TX | $18,831,781 | $22,745,265 |
United Way For Greater Austin Austin, TX | $12,924,459 | $23,251,775 |
United Way Of Denton County Inc Denton, TX | $7,662,302 | $25,065,055 |
Circle Of Life Springdale, AR | $23,639,439 | $20,357,791 |
Valero Energy Foundation San Antonio, TX | $27,234,889 | $9,027,256 |
Jewish Federation Of Greater Houston Houston, TX | $13,164,896 | $16,157,692 |
United Way Of Southeast Louisiana New Orleans, LA | $29,969,457 | $17,838,416 |
Jewish Federation Of Greater Dallas Dallas, TX | $18,027,508 | $11,762,815 |
Shalom Austin Austin, TX | $8,435,174 | $13,067,909 |