Lsu Research Foundation
- Assets
- $16.0m
- Revenue
- $2.4m
- Investments
- $778.6k
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 11/2007
- Data as of
- 12/2022
- EIN
- 46-0512010
Organization Overview
Lsu Research Foundation is located in Baton Rouge, LA. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lsu Research 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 12/2022, Lsu Research Foundation generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Lombardo President | 0.5 | $0 | |
Tyler Kearney Secretary | 0.5 | $0 | |
Robert Stuart Director | 0.5 | $0 | |
Charles Landry Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $982 |
| Dividends & Interest | $0 |
| Net Rental Income | $1,208,816 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,214,945 |
| Total Revenue | $2,424,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,659 |
| Depreciation | $1,287,519 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $628,296 |
| Total operating and administrative expenses | $2,038,570 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,038,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,153,740 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $13,572 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,354 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $778,614 |
| Net Land, buildings, and equipment | $12,025,334 |
| Other assets | $0 |
| Total assets | $15,989,614 |
| Accounts payable and accrued expenses | $902,607 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $3,101,004 |
| Other liabilities | $0 |
| Total liabilities | $4,003,611 |