Lctcs Foundation
- Assets
- $4.1m
- Revenue
- $757.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 12/2006
- Data as of
- 12/2021
- EIN
- 20-5432053
Organization Overview
Lctcs Foundation is located in Baton Rouge, LA. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lctcs 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 12/2021, Lctcs Foundation generated $757.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $723.7k during the year ending 12/2021. While expenses have increased by 8.8% 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 2015, Lctcs Foundation has awarded 50 individual grants totaling $1,926,905. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE CHARITABLE, EDUCATIONAL, SCIENTIFIC AND CULTURAL STUDIES FOR LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM; TO SOLICIT AND ACCEPT GIFTS, GRANTS, APPROPRIATIONS, BEQUESTS AND FUNDS, INCLUDING PROPERTY, IN ORDER TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS, INCLUDING SCHOLARSHIPS AND OTHER EDUCATIONAL ENDEAVORS AND ACTIVITIES IN FURTHERENCE OF LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LCTCS FOUNDATION PROVIDED SUPPORT TO THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM IN THREE PROGRAM AREAS: ADVOCACY AND PUBLIC ENGAGEMENT, PROFESSIONAL DEVELOPMENT, AND STUDENT ACCESSS AND SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Mount Board Chair | OfficerTrustee | 1 | $0 |
Alterman Chip Jackson First Vice Chair | OfficerTrustee | 1 | $0 |
Rhoman J Hardy Second Vice Chair | OfficerTrustee | 1 | $0 |
Paul Price Jr Immediate Past Chair | OfficerTrustee | 1 | $0 |
Tarie Roberson Director Of Advancement | Officer | 40 | $0 |
Dr Monty Sullivan Board Member | 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 | $743,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $743,610 |
| Total Program Service Revenue | $11,767 |
| Investment income | $2,081 |
| 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 | $757,458 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $241,500 |
| Grants and other assistance to domestic individuals. | $55,000 |
| 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 | $11,767 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $77,206 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,794 |
| Office expenses | $33,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,111 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $286,199 |
| Total functional expenses | $723,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,828,837 |
| Savings and temporary cash investments | $247,899 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $34,696 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,111,432 |
| Accounts payable and accrued expenses | $5,394 |
| Grants payable | $0 |
| Deferred revenue | $72,252 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,538,893 |
| 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 | $1,616,539 |
| Net assets without donor restrictions | $1,320,675 |
| Net assets with donor restrictions | $1,174,218 |
| 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 | $4,111,432 |
Grants Awarded
Over the last fiscal year, Lctcs Foundation has awarded $241,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL LOUISIANA COMMUNITY COLLEGE PURPOSE: GRANTS AWARDED TO ENHANCE ADULT EDUCATION, INSTRUCTORSHIPS, AND CONTINUING EDUCATION. | $86,500 |
SOWELA TECHNICAL COMMUNITY COLLEGE FOUNDATION INC PURPOSE: GRANTS AWARDED TO ENHANCE ADULT EDUCATION, INSTRUCTORSHIPS, AND CONTINUING EDUCATION. | $50,000 |
NORTHSHORE COLLEGE ENHANCEMENT FOUNDATION PURPOSE: GRANTS AWARDED TO ENHANCE ADULT EDUCATION, INSTRUCTORSHIPS, AND CONTINUING EDUCATION. | $25,000 |
Bossier City, LA PURPOSE: GRANTS AWARDED TO ENHANCE ADULT EDUCATION, INSTRUCTORSHIPS, AND CONTINUING EDUCATION. | $20,000 |
Monroe, LA PURPOSE: GRANTS AWARDED TO ENHANCE ADULT EDUCATION, INSTRUCTORSHIPS, AND CONTINUING EDUCATION. | $20,000 |
BATON ROUGE COMMUNITY COLLEGE PURPOSE: GRANTS AWARDED TO ENHANCE ADULT EDUCATION, INSTRUCTORSHIPS, AND CONTINUING EDUCATION. | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lctcs Foundation has recieved totaling $426,398.
| Awarding Organization | Amount |
|---|---|
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $200,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $200,000 |
Northshore Community Foundation Covington, LA PURPOSE: SUPPORT STUDENTS PURSUING CAREERS AS CERTIFIED NURSING ASSISTANTS | $20,000 |
Community Foundation Of North Louisiana Shreveport, LA PURPOSE: TO PROVIDE FUNDING FOR SCHOLARSHIPS FOR STUDENTS ENROLLED IN TECHNICAL AND/OR VOCATIONAL TRAINING AT ITS SHREVEPORT CAMPUS. | $6,398 |
Endowment Analysis
| Beg. Balance | $201,050 |
| Earnings | $106 |
| Net Contributions | $44,155 |
| Ending Balance | $245,311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |