Louisiana Bar Foundation
- Assets
- $24.5m
- Revenue
- $21.1m
- Investments
- $19.6m
- Employees
- 17
- Location
- New Orleans, LA
- Founding
- 03/1971
- Data as of
- 06/2023
- EIN
- 23-7100704
Organization Overview
Louisiana Bar Foundation is located in New Orleans, LA. The organization was established in 1971. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2023, Louisiana Bar Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Bar 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 06/2023, Louisiana Bar Foundation generated $21.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $14.0m during the year ending 06/2023. While expenses have increased by 8.3% per year over the past 8 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, Louisiana Bar Foundation has awarded 417 individual grants totaling $52,855,938. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LOUISIANA BAR FOUNDATION EXISTS TO PRESERVE, HONOR, AND IMPROVE OUR SYSTEM OF JUSTICE BY FUNDING, DEVELOPING OR OTHERWISE PROMOTING EFFORTS WHICH ENHANCE THE LEGAL PROFESSION, INCREASE PUBLIC UNDERSTANDING OF THE LEGAL SYSTEM AND ADVANCE THE REALITY OF EQUAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IOLTA PROGRAM - INTEREST ON LAWYER TRUST ACCOUNTS:THE IOLTA PROGRAM WAS CREATED BY THE LOUISIANA SUPREME COURT AND IS ADMINISTERED BY THE LBF. IOLTA GENERATES INTEREST THAT HELPS FINANCE CIVIL LEGAL SERVICES FOR THE POOR. THE INTEREST IS GRANTED ANNUALLY BY THE LBF TO LOUISIANA'S LEGAL SERVICE PROVIDERS, PRO BONO PROGRAMS, AND OTHER COMMUNITY ORGANIZATIONS THAT PROVIDE CIVIL LEGAL AID TO LOUISIANA'S POOR.
ACCESS TO JUSTICE:A COOPERATIVE VENTURE OF THE LOUISIANA BAR FOUNDATION, THE LOUISIANA STATE BAR ASSOCIATION AND THE LOUISIANA LEGAL SERVICES PROGRAMS. THE COMMITTEE WORKS TO MAKE OTHERS AWARE OF THE UNMET NEEDS OF THE POOR FOR CIVIL LEGAL SERVICES, AND CAN BEST ASSIST BY WORKING TOWARD SOLUTIONS THAT CAN BE REALIZED IN PROPER FUNDING OF LEGAL SERVICES PROVIDERS AND INCREASED PARTICIPATION BY THE LEGAL COMMUNITY.
STATE OF LOUISIANA COOPERATIVE ENDEAVOR AGREEMENT (CEA):THE SCOPE OF THE CEA IS 1. [TO] PROVIDE LEGAL REPRESENTATION OF CHILDREN IN CHILD PROTECTION CASES IN PARTNERSHIP WITH LEGAL SERVICES CORPORATIONS, THE LOUISIANA DEPARTMENT OF CHILD AND FAMILY SERVICES, AND THE LOUISIANA SUPREME COURT AND; 2. RESOLVE LEGAL PROBLEMS OF LOWINCOME PEOPLE; STRENGTHEN COMMUNITIES BY SERVICING SPECIAL POPULATIONS INCLUDING VETERANS, HOMELESS, DISASTER SURVIVORS, DOMESTIC VIOLENCE VICTIMS, AND SENIORS; DEVELOP THE BEST PUBLIC INTEREST LAW FIRMS POSSIBLE.
KID'S CHANCE SCHOLARSHIPS:THE KID'S CHANCE PROGRAM PROVIDES SCHOLARSHIPS TO THE CHILDREN OF LOUISIANA WORKERS WHO HAVE BEEN KILLED OR PERMANENTLY AND TOTALLY DISABLED IN AN ACCIDENT COMPENSABLE UNDER A STATE OR FEDERAL WORKERS' COMPENSATION ACT OR LAW. THE PROGRAM IS ADMINISTERED BY THE LBF AND IS GOVERNED BY A COMMITTEE REPRESENTING A CROSS-SECTION OF THE STATE'S LEGAL AND WORKERS COMPENSATION COMMUNITIES. SINCE 2004, THE KID'S CHANCE SCHOLARSHIPS PROGRAM HAS AWARDED 328 SCHOLARSHIPS TOTALING $815,100.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan G Brackett President | OfficerTrustee | 1 | $0 |
Deidre D Robert Vice President | OfficerTrustee | 1 | $0 |
Hon John C Davidson Treasurer | OfficerTrustee | 1 | $0 |
Charles C Chuck Bourque Director | Trustee | 1 | $0 |
Edmund J Giering IV Secretary | OfficerTrustee | 1 | $0 |
Hon Cynthia Clay Guillory Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $111,090 |
| Related organizations | $0 |
| Government grants | $710,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,488,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,310,253 |
| Total Program Service Revenue | $0 |
| Investment income | $389,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $263,527 |
| Net Income from Fundraising Events | -$61,814 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,074,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,803,828 |
| 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. | $192,248 |
| Compensation of current officers, directors, key employees. | $100,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $938,625 |
| Pension plan accruals and contributions | $74,809 |
| Other employee benefits | $130,176 |
| Payroll taxes | $82,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $218,131 |
| Advertising and promotion | $0 |
| Office expenses | $61,329 |
| Information technology | $61,183 |
| Royalties | $0 |
| Occupancy | $103,585 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $118,178 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,843 |
| All other expenses | $0 |
| Total functional expenses | $13,966,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $608,164 |
| Savings and temporary cash investments | $3,678,465 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $274,541 |
| 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 | $22,144 |
| Net Land, buildings, and equipment | $6,405 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,598,883 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $291,204 |
| Total assets | $24,479,806 |
| Accounts payable and accrued expenses | $106,472 |
| Grants payable | $6,948,142 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $291,204 |
| Total liabilities | $7,345,818 |
| Net assets without donor restrictions | $12,082,276 |
| Net assets with donor restrictions | $5,051,712 |
| 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 | $24,479,806 |
Grants Awarded
Over the last fiscal year, Louisiana Bar Foundation has awarded $8,013,437 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ACADIANA LEGAL SERVICE CORPORATION PURPOSE: LEGAL SERVICES CORPORATION | $3,822,514 |
BATON ROUGE BAR FOUNDATION PURPOSE: PRO BONO PROJECT | $186,129 |
BATON ROUGE CHILDREN'S ADVOCACY CENTER PURPOSE: LAW-RELATED EDUCATION | $28,000 |
CATHOLIC CHARITIES - DIOCESE OF BATON ROUGE PURPOSE: OTHER LEGAL SERVICES | $41,917 |
BEAUREGARD COMMUNITY CONCERNS PURPOSE: DOMESTIC VIOLENCE PROGRAM | $34,500 |
CATHOLIC CHARITIES ARCHDIOCESE OF NEW ORLEANS PURPOSE: OTHER LEGAL SERVICES | $46,917 |