Community Foundation Of Acadiana
- Assets
- $155.0m
- Revenue
- $33.0m
- Investments
- $658.3k
- Employees
- 9
- Location
- Lafayette, LA
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 72-1493023
Organization Overview
Community Foundation Of Acadiana is located in Lafayette, LA. The organization was established in 2001. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of Acadiana employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Acadiana 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 12/2021, Community Foundation Of Acadiana generated $33.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $16.4m during the year ending 12/2021. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Community Foundation Of Acadiana has awarded 1,767 individual grants totaling $77,272,558. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY FOUNDATION OF ACADIANA WAS CREATED TO IMPROVE THE QUALITY OF LIFE IN OUR REGION. THE FOUNDATION ACHIEVES THIS GOAL BY INCREASING CHARITABLE GIVING, CREATING MEANINGFUL AND EFFECTIVE GIVING OPPORTUNITIES FOR OUR DONORS, AND PROVIDING LEADERSHIP IN OUR REGION. THESE EFFORTS ARE GROUNDED IN THE BELIEF THAT THROUGH PHILANTHROPY THE FOUNDATION CAN POSITIVELY IMPACT OUR COMMUNITY. THE FOUNDATION IS COMMITTED TO SERVICING AND BENEFITTING THE GEOGRAPHIC AREA OF SOUTH-CENTRAL LOUISIANA. IT HAS POSITIONED ITSELF AS A "TOOL" FOR INDIVIDUAL DONORS, FAMILIES AND CORPORATIONS TO INCREASE AND ENHANCE THEIR CHARITABLE AND PHILANTHROPIC INTERESTS. IT HAS ALSO POSITIONED ITSELF AS A "TOOL" FOR OTHER ENTITIES (INCLUDING LOCAL GOVERNMENT ENTITIES) TO HELP REALIZE OBJECTIVES AND/OR PROJECTS THAT MAY NEED AN OBJECTIVE THIRD PARTY.
Describe the Organization's Program Activity:
LEADERS IN LAW - LEADERS IN LAW ENFORCEMENT AWARDS ARE DESIGNED TO HONOR THOSE DEPARTMENTS WHO ARE MAKING THE MOST IMPACT IN THEIR COMMUNITIES WITH THE RESOURCES THEY HAVE BEEN ALLOCATED. THESE FUNDS ARE TO BE USED AT THEIR DISCRETION TO IMPROVE OPERATIONS AND CONTINUE TO ENCOURAGE EXTRAORDINARY PERFORMANCE.
SCHOLARSHIPS- COMMUNITY FOUNDATION OF ACADIANA PROVIDES ASSISTANCE TO STUDENTS AT ANY EDUCATION LEVEL OR FOR A SPECIFIC INSTITUTION. ALL SCHOLARSHIP GRANTS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION.
SOLA GIVING DAY-COMMUNITY FOUNDATION OF ACADIANA HOSTS ITS ANNUAL SOLA GIVING DAY WHICH WAS A 24 HOUR ONLINE FUNDRAISING EVENT FOR NON-PROFIT ORGANIZATIONS, CHURCHES, AND SCHOOLS.
VARIOUS GRANTS AND EXPENSES FOR OTHER CHARITABLE PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond J Hebert Executive Director | Officer | 38 | $169,929 |
Jerry E Shea Jr Chair | OfficerTrustee | 8 | $0 |
Clay Darnall Secretary/treasurer | OfficerTrustee | 1 | $0 |
Robert Eddy Jr Director/past Chair | OfficerTrustee | 1 | $0 |
Jason Freyou Vice-Chair | OfficerTrustee | 2 | $0 |
Anita Fontenot Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One Acadiana Inc Business Consulting And Expansion | 12/30/20 | $275,914 |
Stellar Technology Solutions Llc Software Support | 12/30/20 | $175,259 |
Eason Advertising Llc Advertising | 12/30/20 | $212,379 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $106,990 |
| Fundraising events | $21,908 |
| Related organizations | $0 |
| Government grants | $500,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,549,015 |
| Noncash contributions included in lines 1a–1f | $3,133,194 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,177,913 |
| Total Program Service Revenue | $1,036,240 |
| Investment income | $2,167,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,760 |
| Net Rental Income | $54,720 |
| Net Gain/Loss on Asset Sales | $4,516,341 |
| Net Income from Fundraising Events | $7,274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,964,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,416,357 |
| Grants and other assistance to domestic individuals. | $240,302 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,929 |
| Compensation of current officers, directors, key employees. | $169,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,255 |
| Pension plan accruals and contributions | $18,533 |
| Other employee benefits | $36,000 |
| Payroll taxes | $40,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,429 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $477,703 |
| Fees for services: Other | $233,738 |
| Advertising and promotion | $0 |
| Office expenses | $18,707 |
| Information technology | $124,547 |
| Royalties | $0 |
| Occupancy | $16,117 |
| Travel | $14,391 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,577 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,175 |
| Insurance | $21,583 |
| All other expenses | $64,722 |
| Total functional expenses | $16,401,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,782 |
| Savings and temporary cash investments | $32,155,740 |
| Pledges and grants receivable | $80,382 |
| Accounts receivable, net | $0 |
| 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 | $36,974 |
| Net Land, buildings, and equipment | $51,257 |
| Investments—publicly traded securities | $121,523,175 |
| Investments—other securities | $658,333 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,859 |
| Total assets | $154,976,502 |
| Accounts payable and accrued expenses | $30,376 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,224,076 |
| 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 | $0 |
| Total liabilities | $16,254,452 |
| Net assets without donor restrictions | $111,419,186 |
| Net assets with donor restrictions | $27,302,864 |
| 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 | $154,976,502 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Acadiana has awarded $12,458,104 in support to 275 organizations.
| Grant Recipient | Amount |
|---|---|
Lafayette, LA PURPOSE: capital expenditures, general support | $1,349,000 |
Lafayette, LA PURPOSE: Scholarship funds, General Support, Athletics | $928,410 |
Lafayette, LA PURPOSE: Centennial Campaign, Bishop Services Appeal, General Support | $890,216 |
Lafayette, LA PURPOSE: General support, van purchase, Hurricane relief | $293,753 |
Iota, LA PURPOSE: Park construction | $290,000 |
Baton Rouge, LA PURPOSE: Building Fund, Scholarships, General Support, Athletics | $242,955 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Community Foundation Of Acadiana has recieved totaling $208,178.
| Awarding Organization | Amount |
|---|---|
Charles Foundation Abbeville, LA PURPOSE: CONSERVATION, RELIGIOUSHEALTHCARE,EDUCATION | $162,000 |
Charles Foundation Abbeville, LA PURPOSE: CONSERVATION, RELIGIOUSHEALTHCARE,EDUCATION | $32,400 |
The Powell Foundation Houston, TX PURPOSE: DESIGNATED GRANT: GENERAL OPERATING AND SUPPORT | $10,000 |
The Powell Foundation Houston, TX PURPOSE: DESIGNATED GRANT: GENERAL OPERATING AND SUPPORT | $3,778 |
Endowment Analysis
| Beg. Balance | $24,493,718 |
| Earnings | $2,665,377 |
| Admin Expense | $116,915 |
| Net Contributions | $2,661,425 |
| Grants | $3,587,510 |
| Ending Balance | $26,116,095 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |
Astros Golf Foundation Houston, TX | $9,630,590 | $24,941,045 |
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |
Dallas Jewish Community Foundation Dallas, TX | $257,889,567 | $62,022,140 |
Excellerate Foundation Rogers, AR | $1,422,117 | $18,582,776 |
Community Foundation Of Acadiana Lafayette, LA | $154,976,502 | $32,964,309 |
East Texas Communties Foundation Inc Tyler, TX | $137,619,988 | $26,912,059 |