Louisiana National Guard Foundation
- Assets
- $5.8m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 12/2016
- Data as of
- 06/2022
- EIN
- 81-4410016
Organization Overview
Louisiana National Guard Foundation is located in New Orleans, LA. The organization was established in 2016. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana National Guard Foundation 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 National Guard Foundation generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $6.0m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE LA MILITARY DEPT. IN ITS EDUCATIONAL, MILITARY ENHANCEMENT & TRAINING MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLAR RESILIENCY PROJECT-PROVIDE POWER TO THE LOUISIANA MILITARY DEPARTMENT IN TIMES OF NATURAL OR MAN MADE DISASTERS.
COOPERATIVE ENDEAVOR AGREEMENTS - THE MILITARY DEPARTMENT, STATE OF LOUISIANA.RAIL CAR STORAGE - EAST CAMDEN: LEASE RAIL TRACK TO EAST CAMDEN AND HIGHLAND RAILROAD TO GENERATE FUNDS FOR THE LOUISIANA MILITARY DEPARTMENT, SPECIFICALLY CAMP MINDEN AND THEIR OPERATIONAL NEEDS.LEASE REVENUE - CAMP MINDEN: LEASE OLD BUILDINGS FOR THE BENEFIT OF CAMP MINDEN TO PROVIDE ADDITIONAL FUNDS TO LANG.LEASE REVENUE-CAMP VILLERE RANGE PROGRAM: NATIONAL AND LOCAL LAW ENFORCEMENT AGENCIES RENT THE RANGES FOR TRAINING. THIS PROVIDES FUNDING FOR CAMP VILLERE AND JACKSON BARRACKS PROJECTS.LEASE REVENUE-CELL TOWER LEASES: ALLOWS TELECOMMUNICATION COMPANIES TO LEASE SPACE AT LOCATIONS THROUGHOUT THE STATE. PROVIDES ADDITIONAL GRANT FUNDS FOR LANG PROJECTS.LEASE REVENUE-UPPER IOWA UNIVERSITY: ALLOWS UPPER IOWA UNIVERSITY TO LEASE SPACE AT JACKSON BARRACKS. PROVIDES ADDITIONAL GRANT FUNDS FOR LANG PROJECTS.LEASE REVENUE-EAGLE FEDERAL CREDIT UNION: ALLOWS EAGLE FEDERAL CREDIT UNION TO LEASE SPACE AT JACKSON BARRACKS. PROVIDES ADDITIONAL GRANT FUNDS FOR LANG PROJECTS.LEASE REVENUE-UPS MIDSTREAM SERVICES: ALLOWS UPS MIDSTREAM SERVICES TO LEASE SPACE AT JENA ARMORY. PROVIDES ADDITIONAL GRANT FUNDS FOR LANG PROJECTS.LEASE REVENUE - MOVIE AND TV FILMING. PROVIDES ADDITIONAL FUNDS FOR LANG PROJECTS.
BILLETING OPERATIONS: PROVIDED A PLACE OF LODGING FOR SERVICE MEN AND WOMEN FOR ACTIVE/INACTIVE DUTY TRAINING, AS WELL AS MORALE, WELFARE, AND RECREATION. DURING FISCAL YEAR ENDED 2022, THERE WERE THREE BILLETING OPERATION LOCATIONS.JACKSON BARRACKS: APPROXIMATELY 4,000 SERVICE MEN AND WOMEN SERVEDCAMP BEAUREGARD: APPROXIMATELY 2,000 SERVICE MEN AND WOMEN SERVEDCAMP MINDEN: APPROXIMATELY 500 SERVICE MEN AND WOMEN SERVED
LANG EMERGENCY RELIEF FUNDSCHOLARSHIP PROGRAMFRIENDS OF THE MUSEUMCAMP VILLERE RANGE PROGRAMCAMP BEAUREGARD HOUSING PROGRAMESLER AIR FIELD PROGRAM
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Niclosi Executive Director | Officer | 40 | $98,792 |
John D'angelo Treasurer | OfficerTrustee | 2.5 | $0 |
Kevin Mccotter Chairman | OfficerTrustee | 2.5 | $0 |
Ernest Broussard Vice Chairman | OfficerTrustee | 2.5 | $0 |
Thomas Beron Director | Trustee | 2.5 | $0 |
Ron Drez Director | Trustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dunlap Fiore Legal Services | 6/29/22 | $221,826 |
Employment Development Services Cleaning Services For Billeting Operatio | 6/29/22 | $197,854 |
Michael R Niclosi Management/operational Services | 6/29/22 | $110,027 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,071,430 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,153,918 |
| Total Program Service Revenue | $1,292,010 |
| Investment income | $45,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,380 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,505,889 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $235,324 |
| Grants and other assistance to domestic individuals. | $20,061 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $101,592 |
| Compensation of current officers, directors, key employees. | $101,592 |
| 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 | $268,617 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,200 |
| Office expenses | $10,596 |
| Information technology | $13,176 |
| Royalties | $0 |
| Occupancy | $42,918 |
| 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 | $8,560 |
| Insurance | $2,093 |
| All other expenses | $82,077 |
| Total functional expenses | $5,984,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,179 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $244,063 |
| Accounts receivable, net | $52,215 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,430,760 |
| Inventories for sale or use | $16,626 |
| Prepaid expenses and deferred charges | $10,570 |
| Net Land, buildings, and equipment | $17,091 |
| Investments—publicly traded securities | $2,432,112 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,785 |
| Total assets | $5,835,401 |
| Accounts payable and accrued expenses | $282,080 |
| Grants payable | $2,162 |
| Deferred revenue | $53,990 |
| 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 | $0 |
| Total liabilities | $338,232 |
| Net assets without donor restrictions | $2,122,425 |
| Net assets with donor restrictions | $3,374,744 |
| 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 | $5,835,401 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Louisiana National Guard Foundation has recieved totaling $50,006.
| Awarding Organization | Amount |
|---|---|
Blue Cross And Blue Shield Of Louisiana Foundation Baton Rouge, LA PURPOSE: DISASTER RECOVERY | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Gi Forum National Veterans Outreach Program Inc San Antonio, TX | $6,075,829 | $12,361,795 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Austin, TX | $10,604,149 | $6,677,704 |
Louisiana National Guard Foundation New Orleans, LA | $5,835,401 | $6,505,889 |
Military Wellness Initiative Dallas, TX | $2,428,709 | $3,600,000 |
Combat Marine Outdoors Inc Houston, TX | $1,866,228 | $2,870,312 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Copperas Cve, TX | $546,071 | $1,909,310 |
American Legion Austin, TX | $7,412,004 | $1,863,301 |
American Legion Hattiesburg, MS | $706,231 | $1,733,784 |
Wish For Our Heroes Inc San Antonio, TX | $1,716,093 | $1,811,976 |
Veterans Of Foreign Wars Of The United States Dept Of Texas Georgetown, TX | $401,147 | $1,318,650 |
Nextop Inc Houston, TX | $488,854 | $1,385,969 |
Armed Forces Communications And Electronics Association Austin, TX | $1,822,734 | $1,458,339 |