Louisiana Chemical Association
- Assets
- $1.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Baton Rouge, LA
- Founding
- 06/1960
- Data as of
- 12/2021
- EIN
- 72-0518779
Organization Overview
Louisiana Chemical Association is located in Baton Rouge, LA. The organization was established in 1960. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Louisiana Chemical Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Chemical Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Louisiana Chemical Association generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. 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
TRADE ASSOCIATION REPRESENTING THE INTERESTS OF CHEMICAL MANUFACTURERS LOCATED IN THE STATE OF LOUISIANA IN THE AREAS OF GOVERNMENTAL, ENVIRONMENTAL, HEALTH, SAFETY AND SECURITY, AND PUBLIC RELATIONS AND WORKFORCE ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENTAL AFFAIRS - IMPACT THE LEGISLATURE AND OTHER GOVERNMENTAL ENTITIES THAT WILL ALLOW SUBSTANTIAL DEVELOPMENT OF LCA MEMBER COMPANIES.
ENVIRONMENTAL AFFAIRS - DEVELOP PROACTIVE PROGRAMS THROUGH UTILIZATION OF TECHNICAL RESOURCES AS THE BASIS FOR REASONABLE LAWS AND REGULATIONS TO PROTECT THE ENVIRONMENT. PROMOTE EFFECTIVE COMMUNICATION BETWEEN LCA MEMBERS AND GOVERNMENTAL ENTITIES ON ENVIRONMENTAL MATTERS.
HEALTH AND SAFETY - IDENTIFY, EVALUATE, AND ADDRESS ISSUES RELATING TO HEALTH AND SAFETY IMPACTING LCA COMPANIES, CUSTOMERS AND STAKEHOLDERS.
COMMUNICATIONS, SECURITY, WORKFORCE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Bowser President | Officer | 40 | $531,950 |
Jeffrey Landry Vice-President | Officer | 40 | $160,790 |
Tokesha Collins Wright Vice-President | Officer | 40 | $148,691 |
Vonda Hannaman Vice-President | Officer | 40 | $122,763 |
Robert Schromm Manager | 40 | $108,885 | |
Donald Fondel Director | Officer | 40 | $10,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One American Place Llc Office Space | 12/30/21 | $143,353 |
Kean Miller Legal Services | 12/30/21 | $272,930 |
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 | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,000 |
| Total Program Service Revenue | $2,347,272 |
| Investment income | $8,446 |
| 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 | $2,388,218 |
| 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. | $981,015 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,338 |
| Pension plan accruals and contributions | $95,166 |
| Other employee benefits | $0 |
| Payroll taxes | $66,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,632 |
| Fees for services: Accounting | $21,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,888 |
| Travel | $3,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,524 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,591 |
| Insurance | $138,354 |
| All other expenses | $332,314 |
| Total functional expenses | $2,179,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,025,134 |
| Savings and temporary cash investments | $458,691 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $243,546 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,319 |
| Net Land, buildings, and equipment | $56,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,802,007 |
| Accounts payable and accrued expenses | $239,682 |
| Grants payable | $0 |
| Deferred revenue | $110,352 |
| 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 | $350,034 |
| Net assets without donor restrictions | $1,401,072 |
| Net assets with donor restrictions | $50,901 |
| 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 | $1,802,007 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Louisiana Chemical Association has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Louisiana Foundation For Excellence In Science Technology And Educatn Baton Rouge, LA PURPOSE: ENTERGY GRANT FOR ANNUAL MEETING | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |