Louisiana Budget Project
- Assets
- $3.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Baton Rouge, LA
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-3872778
Organization Overview
Louisiana Budget Project is located in Baton Rouge, LA. The organization was established in 2014. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Louisiana Budget Project employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Budget Project 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 12/2023, Louisiana Budget Project generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 18.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOUND ANALYSIS OF STATE FISCAL ISSUES TO PROMOTE ECONOMIC PROSPERITY, A RISING STANDARD OF LIVING, AND THE OPPORTUNITY FOR ALL CITIZENS TO REACH THEIR HIGHEST POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOUISIANA BUDGET PROJECT (LBP) MONITORS AND REPORTS ON PUBLIC POLICY AND HOW IT AFFECTS LOUISIANA'S LOW-TO MODERATE-INCOME FAMILIES. WE BELIEVE THAT THE LIVES OF LOUISIANANS CAN BE IMPROVED THROUGH PROFOUND CHANGE IN PUBLIC POLICY, BROUGHT ABOUT BY: 1. CREATING A DEEPER UNDERSTANDING OF THE STATE BUDGET AND BUDGET-RELATED ISSUES 2. LOOKING AT THE BIG PICTURE OF HOW THE BUDGET IMPACTS CITIZENS 3. ENCOURAGING CITIZENS TO BE VOCAL ABOUT BUDGET ISSUES THAT ARE IMPORTANT TO THEM 4. PROVIDING INSIGHT AND LEADERSHIP TO DRIVE THE POLICY DEBATE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Gilmore President | OfficerTrustee | $0 | |
Katie Baudoin Treasurer | OfficerTrustee | $0 | |
David Robinson-Morris Secretary | OfficerTrustee | $0 | |
Susan East Nelson Member | Trustee | $0 | |
Frankie Robertson Member | Trustee | $0 | |
Nia Weeks Member | Trustee | $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 | $1,755,956 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,755,956 |
| Total Program Service Revenue | $0 |
| Investment income | $9,040 |
| 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 | $1,764,996 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $238,235 |
| 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. | $230,268 |
| Compensation of current officers, directors, key employees. | $46,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $478,743 |
| Pension plan accruals and contributions | $27,232 |
| Other employee benefits | $100,236 |
| Payroll taxes | $54,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,181 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,668 |
| Advertising and promotion | $1,766 |
| Office expenses | $19,811 |
| Information technology | $13,788 |
| Royalties | $0 |
| Occupancy | $42,888 |
| Travel | $54,677 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,950 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,993 |
| All other expenses | $35,000 |
| Total functional expenses | $1,608,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,888,994 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $643,750 |
| Accounts receivable, net | $8,054 |
| 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 | $12,549 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,553,347 |
| Accounts payable and accrued expenses | $48,473 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $48,473 |
| Net assets without donor restrictions | $1,948,730 |
| Net assets with donor restrictions | $1,556,144 |
| 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 | $3,553,347 |
Grants Awarded
Over the last fiscal year, Louisiana Budget Project has awarded $238,235 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
POWER COALITION FOR EQUITY& JUSTICE | | | $100,000 |
COALITION FOR LOUISIANA PROGRESSINC | | | $50,000 |
SOUTHWEST LOUISIANA AREA HEALTHEDUCATION CENTER | | | $24,706 |
LOUISIANA COMMUNITY HEALTH OUTREACHNETWORK | | | $63,529 |