Lctcs Facilities Corporation is located in New Orleans, LA. The organization was established in 2008. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, 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 Facilities Corporation 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 Facilities Corporation generated $43.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $22.7m during the year ending 12/2021. While expenses have increased by 0.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, ACQUIRE, PURCHASE, REPAIR, IMPROVE, RENOVATE, AND EXPAND CERTAIN PUBLIC FACILITIES ON FOURTEEN OF THE EXISTING CAMPUSES OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM,INCLUDING ALL FURNISHINGS, FIXTURES AND EQUIPMENT INCIDENTAL OR NECESSARY IN CONNECTION THEREWITH (THE "FACILITIES") FOR VARIOUS COMMUNITY AND TECHNICAL COLLEGE CAMPUSES (THE "COLLEGES"), SUCH FACILITIES LOCATED ON LAND OWNED OR TO BE OWNED BY THE BOARD OF SUPERVISORS OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM (THE "BOARD") ALL IN ACCORDANCE WITH ACT 391 OF THE 2007 REGULAR SESSION OF THE LOUISIANA LEGISLATURE AND ACT 360 OF THE 2013 REGULAR SESSION OF THE LOUISIANA LEGISLATURE; PAYING CAPITALIZED INTEREST ON THE SERIES 2014,2017,2018 & 2019 BONDS; FUNDING A DEBT SERVICE RESERVE FUND; AND PAYING COSTS OF ISSUANCE OF THE SERIES 2014,2017,2018 & 2019 BONDS, INCLUDING THE PREMIUMS FOR THE BOND INSURANCE POLICIES INSURING THE SERIES 2014,2017,2018 & 2019 BONDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO REPAIR, IMPROVE, RENOVATE, AND CONSTRUCT FACILITIES ON FOURTEEN OF THE EXISTING CAMPUSES OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM. LCTCS FACILITIES CORPORATION ESTIMATES THAT IT WILL EXPEND APPROXIMATELY $177 MILLION ON THE PROJECTS. THE FOLLOWING LOUISIANA TECHNICAL AND COMMUNITY COLLEGE CAMPUSES WILL BE REPAIRED, IMPROVED, RENOVATED, AND CONSTRUCTED: 1) EVANGELINE CAMPUS; ST MARTINVILLE, LA - REPLACEMENT OF CAMPUS BUILDING PROJECTED $9,200,000 IMPROVEMENT 2) HUEY P. LONG CAMPUS; WINNFIELD, LA - REPLACEMENT AND RELOCATION OF FACILITIES ESTIMATED $11,500,000 IMPROVEMENT 3) NORTHWEST LOUISIANA CAMPUS; MINDEN, LA - EXPANSION OF CAMPUS APPROXIMATED $16,100,000 IMPROVEMENT 4) YOUNG MEMORIAL CAMPUS; MORGAN CITY, LA - CONSTRUCTION OF BUILDINGS FOR NON-MARINE PROGRAMS PROJECTED $5,980,000 IMPROVEMENT 5) FLORIDA PARISHES CAMPUS; GREENSBURG, LA - ACQUISITION OF EIGHT-ACRE SITE AND CONSTRUCTION OF FACILITIES ESTIMATED $9,200,000 IMPROVEMENT 6) WESTSIDE CAMPUS; PLAQUEMINE, LA - REPLACEMENT OF BUILDINGS AND RELOCATION OF CAMPUS APPROXIMATED $3,450,000 IMPROVEMENT 7) GULF AREA CAMPUS; ABBEVILLE, LA - RESTORATION OF CURRENT FACILITIES PROJECTED $6,900,000 IMPROVEMENT 8) SHELBY M. JACKSON CAMPUS; FERRIDAY, LA - REPAIR AND REPLACEMENT OF FACILITIES ESTIMATED $5,175,000 IMPROVEMENT 9) SIDNEY N. COLLIER CAMPUS; NEW ORLEANS, LA - RELOCATION AND ACQUIRING OF LAND AND BUILDING APPROXIMATED $13,685,000 IMPROVEMENT 10) L.E. FLETCHER TECHNICAL COMMUNITY COLLEGE; HOUMA, LA - CONSTRUCTION OF CLASSROOM LAB AND OFFICE BUILDING PROJECTED $24,495,000 IMPROVEMENT 11) SOWELA TECHNICAL COMMUNITY COLLEGE; LAKE CHARLES, LA - ACQUISITION OF LAND AND CONSTRUCTION OF CLASSROOM AND STUDENT FACILITIES ESTIMATED $14,950,000 IMPROVEMENT 12) RIVER PARISHES COMMUNITY COLLEGE; SORRENTO, LA - ACQUIRE LAND AND CONSTRUCTION OF ADDITIONAL FACILITIES APPROXIMATED $19,550,000 IMPROVEMENT 13) DELGADO COMMUNITY COLLEGE; NEW ORLEANS, LA - RESTORE ISSAC DELGADO HALL AND STUDENT SERVICES, RELOCATE MARITIME AND INDUSTRIAL TRAINING CENTER, AND DEMOLTION AND CONSTRUCTION OF LEARNING RESOURCES CENTER PROJECTED $16,035,962.25 IMPROVEMENT 14) ELAINE P. NUNEZ COMMUNITY COLLEGE; CHALMETTE, LA - RESTORE ARTS AND SCIENCE BUILDING, RESTORE ALLIED HEALTH BUILDING, RESTORE PHYSICAL ACTIVITY CENTER, RESTORE SHOP BUILDING B, RESTORE CLASSROOM BUILDING A, AND CONSTRUCTION OF ADDITIONAL SECOND FLOOR ESTIMATED $5,993,933.40 IMPROVEMENT 15) CONSTRUCTION OF STATEWIDE STUDENT AND FINANCIAL INFORMATION SYSTEM APPROXIMATED $11,500,000 IMPROVEMENT 16) BATON ROUGE COMMUNITY COLLEGE, EAST BATON ROUGE PARISH NEW WORKFORCE TRAINING CENTER $8,100,000 EXPANSION OF CAMPUS AND IMPROVEMENT 17) BATON ROUGE COMMUNITY COLLEGE SMILEY HEIGHTS CAMPUS EAST BATON ROUGE PARISH TECHNOLOGY CENTER $10,200,000 CONSTRUCTION OF FACILITY 18) BOSSIER PARISH COMMUNITY COLLEGE, BOSSIER CITY CAMPUS, BOSSIER PARISH SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) BUILDING $18,500,000 CONSTRUCTION OF FACILITY 19) CENTRAL LOUISIANA TECHNICAL COMMUNITY COLLEGE, ALEXANDRIA CAMPUS, RAPIDES PARISH WORKFORCE INDUSTRIAL TRAINING CAMPUS $19,000,000 CONSTRUCTION OF FACILITY 20) DELGADO COMMUNITY COLLEGE, RIVER CITY CAMPUS, WEST BANK, JEFFERSON PARISH TRAINING CENTER FOR TRANSPORTATION, MARITIME, ENGINEERING $14,000,000 CONSTRUCTION OF FACILITY 21)DELGADO COMMUNITY COLLEGE, AVONDALE, JEFFERSON PARISH ADVANCED MANUFACTURING CENTER OF EXCELLENCE $10,000,000 CONSTRUCTION OF FACILITY 22) LOUISIANA DELTA COMMUNITY COLLEGE, WINNSBORO, FRANKLIN PARISH TECHNOLOGY AND CAREER PROGRAM TRAINING CENTER $ 4,590,000 EXPANSION OF CAMPUS AND RENOVATION 23) LOUISIANA DELTA COMMUNITY COLLEGE, JONESBORO, JACKSON PARISH WELDING, VEHICLE OPERATION AND INDUSTRIAL TRAINING CENTER $ 2,700,000 EXPANSION OF CAMPUS AND RENOVATION 24) NORTHSHORE TECHNICAL COMMUNITY COLLEGE, LACOMBE, ST. TAMMANY PARISH TRAINING CENTER FOR INDUSTRIAL TECHNOLOGIES $ 9,000,000 CONSTRUCTION OF FACILITY 25) NORTHWEST LOUISIANA TECHNICAL COLLEGE, MINDEN CAMPUS, WEBSTER PARISH WORKFORCE DEVELOPMENT CENTER $ 2,250,000 CONSTRUCTION OF FACILITY 26) RIVER PARISHES COMMUNITY COLLEGE, GONZALES, ASCENSION PARISH CENTER FOR ADVANCE TECHNOLOGY $ 8,100,000 CONSTRUCTION OF FACILITY 27) SOUTH CENTRAL LOUISIANA TECHNICAL COLLEGE, RIVER PARISHES CAMPUS, RESERVE, ST. JOHN THE BAPTIST PARISH NEW PTECH BUILDING $ 3,888,000 CONSTRUCTION OF FACILITY 28) SOUTH CENTRAL LOUISIANA TECHNICAL COLLEGE, RIVER PARISHES CAMPUS, RESERVE, ST. JOHN THE BAPTIST PARISH CENTER FOR ADVANCEMENT OF TECHNICAL EDUCATION BUILDING $3,712,500 CONSTRUCTION OF FACILITY 29) SOUTH CENTRAL LOUISIANA TECHNICAL COLLEGE, YOUNG MEMORIAL CAMPUS, MORGAN CITY, ST. MARY PARISH MARINE OPERATIONS AND INDUSTRIAL SAFETY TRAINING CENTER $ 3,330,000 CONSTRUCTION OF FACILITY 30) SOUTH LOUISIANA COMMUNITY COLLEGE, LAFAYETTE CAMPUS, LAFAYETTE PARISH ALLIED HEALTH AND SCIENCE TRAINING PROGRAM BUILDING $15,000,000 CONSTRUCTION OF FACILITY 31) SOWELA TECHNICAL COMMUNITY COLLEGE, MAIN CAMPUS, LAKE CHARLES, CALCASIEU PARISH ONE STOP SHOP FOR STUDENT PROGRAMS AND SERVICES $ 7,200,000 CONSTRUCTION OF FACILITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen C Smith Board Chair | OfficerTrustee | 8 | $0 |
Judge U Gene Thibodeaux Board Director | Trustee | 0.5 | $0 |
Billy Wayne Montgomery Board Director | Trustee | 0.5 | $0 |
Lambert C Boissiere Jr Board Secretary/treasurer | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
The Lemoine Company Construction Services | 12/30/21 | $5,354,841 |
Ratcliff Williams Construction Construction Services | 12/30/21 | $4,182,160 |
Pat Williams Construction Llc Construction Services | 12/30/21 | $3,311,264 |
Csrs Construction Services | 12/30/21 | $1,036,867 |
Mapp Construction Construction Services | 12/30/21 | $3,189,388 |
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 | $12,199,110 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $12,199,110 |
Total Program Service Revenue | $30,889,140 |
Investment income | $474,124 |
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 | $43,562,374 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $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 | $0 |
Fees for services: Legal | $46,646 |
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 | $1,612,933 |
Advertising and promotion | $0 |
Office expenses | $41,860 |
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 | $10,402,297 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $10,453,805 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $22,678,445 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $38,202,776 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $6,741,659 |
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 | $292,818,583 |
Investments—publicly traded securities | $56,766,992 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $21,325,482 |
Total assets | $415,855,492 |
Accounts payable and accrued expenses | $7,351,596 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $341,020,037 |
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 | $348,371,633 |
Net assets without donor restrictions | $53,711,952 |
Net assets with donor restrictions | $13,771,907 |
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 | $415,855,492 |
Over the last fiscal year, we have identified 1 grants that Lctcs Facilities Corporation has recieved totaling $1,096,651.
Awarding Organization | Amount |
---|---|
Louisiana Delta Community College Foundation Monroe, LA PURPOSE: PURPOSE IS TO PROVIDE FUNDING FOR CONSTRUCTION AT MONROE, LA AND TALLULAH, LA CAMPUSES | $1,096,651 |
Organization Name | Assets | Revenue |
---|---|---|
Lctcs Facilities Corporation New Orleans, LA | $415,855,492 | $43,562,374 |
Cumberland Academy Tyler, TX | $91,837,212 | $22,775,705 |
Healthy School Food Collaborative New Orleans, LA | $2,253,600 | $20,882,496 |
Provident Oklahoma Education Resources Baton Rouge, LA | $5,000 | $54,481,089 |
Redesign Schools Louisiana Baton Rouge, LA | $2,219,135 | $10,040,399 |
Learn Lonestar Education And Research Network Lubbock, TX | $26,698,796 | $7,275,450 |
Learning Forward Richardson, TX | $5,036,186 | $5,068,048 |
Wilco Montessori Partners Georgetown, TX | $1,123,507 | $4,175,636 |
Catalyst Education New Orleans, LA | $4,849,256 | $2,637,014 |
Orchard Foundation Alexandria, LA | $7,454,172 | $2,296,059 |
Bowling Green School Franklinton, LA | $5,239,494 | $3,010,264 |
Belle Chasse Educational Foundation Belle Chasse, LA | $18,141,077 | $278,082 |