Foundation For Historical Louisiana Inc
- Assets
- $976.7k
- Revenue
- $214.0k
- Investments
- $252.2k
- Employees
- 10
- Location
- Baton Rouge, LA
- Founding
- 02/1966
- Data as of
- 12/2019
- EIN
- 72-0642810
Organization Overview
Foundation For Historical Louisiana Inc is located in Baton Rouge, LA. The organization was established in 1966. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2019, Foundation For Historical Louisiana Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Historical Louisiana Inc 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 12/2019, Foundation For Historical Louisiana Inc generated $214.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $320.6k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS COMMITTED TO PRESERVING THE CULTURAL AND ARCHITECTURAL HERITAGE OF LOUISIANA THROUGH ADVOCACY, STEWARDSHIP, AND EDUCATION AND ENCOURAGES COMMUNITY PARTICIPATION THROUGH A NUMBER OF PRESERVATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVED THE CULTURAL AND ARCHITECTURAL HERITAGE OF LOUISIANA THROUGH ADVOCACY, STEWARDSHIP, AND EDUCATION AND ENCOURAGES COMMUNITY PARTICIPATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farleigh Jackson Executive Director | 40 | $58,000 | |
Nedra Hains Secretary | OfficerTrustee | 0 | $0 |
Katherine Diamond Chair | OfficerTrustee | 0 | $0 |
Heather Schultz Treasurer | OfficerTrustee | 2 | $0 |
Joann Nixon Director | Trustee | 0 | $0 |
Michael Wascom Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,091 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,491 |
| Total Program Service Revenue | $177,481 |
| Investment income | $12,060 |
| 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 | $946 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,978 |
| 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. | $58,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $7,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,139 |
| Advertising and promotion | $11,583 |
| Office expenses | $2,819 |
| Information technology | $3,698 |
| Royalties | $0 |
| Occupancy | $2,105 |
| Travel | $10,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,052 |
| Interest | $369 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,936 |
| Insurance | $13,743 |
| All other expenses | $7,565 |
| Total functional expenses | $320,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,107 |
| Savings and temporary cash investments | $672 |
| Pledges and grants receivable | $0 |
| 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 | $5,196 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $252,154 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $709,605 |
| Total assets | $976,734 |
| Accounts payable and accrued expenses | $48,114 |
| Grants payable | $0 |
| Deferred revenue | $36,416 |
| 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 | $11,510 |
| Total liabilities | $96,040 |
| Net assets without donor restrictions | -$18,177 |
| Net assets with donor restrictions | $898,871 |
| 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 | $976,734 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Historical Louisiana Inc has recieved totaling $56,790.
| Awarding Organization | Amount |
|---|---|
Baton Rouge Area Foundation Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $56,790 |
Endowment Analysis
| Beg. Balance | $108,569 |
| Earnings | $4,821 |
| Grants | $31,787 |
| Ending Balance | $81,603 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Galveston Historical Foundation Inc Galveston, TX | $33,194,723 | $16,815,449 |
Mamie Mcfaddin Ward Heritage Foundation Beaumont, TX | $39,179,042 | $6,717,900 |
San Antonio Conservation Society San Antonio, TX | $5,466,281 | $1,168,192 |
Texas State Historical Association Austin, TX | $3,131,063 | $1,524,927 |
Friends Of The Texas Historical Commission Inc Austin, TX | $2,566,548 | $1,192,867 |
Texas Panhandle Heritage Foundation Inc Canyon, TX | $2,876,376 | $2,832,442 |
Corpus Christi Area Heritage Society Corpus Christi, TX | $1 | $1,500 |
Dallas Historical Society Hall Of State Fair Park Dallas, TX | $2,271,425 | $1,532,505 |
River Road Historical Society Destrehan, LA | $8,368,126 | $1,410,629 |
Austin Steam Train Association Incorporated Cedar Park, TX | $439,654 | $803,143 |
Gillispie County Historical Society Inc Fredericksburg, TX | $3,707,380 | $1,052,658 |
Houston Heights Association Houston, TX | $3,684,551 | $838,966 |