Louisiana Association Of Self Insured Employers
- Assets
- $482.0
- Revenue
- $296.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Baton Rouge, LA
- Founding
- 10/1992
- Data as of
- 12/2022
- EIN
- 72-1185746
Organization Overview
Louisiana Association Of Self Insured Employers, operating under the name Lasie, is located in Baton Rouge, LA. The organization was established in 1992. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lasie 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 12/2022, Lasie generated $296.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $379.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO UNIFY FOR THE PROMOTION AND PROTECTION OF SELF INSURANCE AS A RIGHT AND TO SERVE AS A RESOURCE FOR LEADERSHIP IN THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOUISIANA ASSOCIATION OF SELF INSURED EMPLOYERS (LASIE) IS COMPRISED OF 253 MEMBERS OF WHICH 134 HAVE VOTING RIGHTS. ITS MEMBERSHIP IS MADE UP OF GROUP SELF INSURANCE FUNDS, INDIVIDUALLY SELF INSURED EMPLOYERS, DEDUCTIBLE POLICY EMPLOYERS, THIRD PARTY ADMINISTRATOR COMPANIES, INSURANCE AGENTS, AND OTHER PERIPHERAL BUSINESSES. DURING 2022 LASIE WAS ABLE TO PROVIDE SERVICES TO ITS MEMBERSHIP IN VARIOUS FORMS, WHICH INCLUDE: (1) THE ASSOCIATION NEWSLETTER, KNOWN AS "THE WATCHDOG REPORT" IS PRODUCED AND EMAILED TO THE MEMBERSHIP THROUGHOUT THE YEAR PROVIDING TIMELY WORKER'S COMPENSATION UPDATES AND OTHER IMPORTANT INDUSTRY INFORMATION; (2) QUALITY CONTINUING EDUCATION SEMINARS TO BOTH MEMBERS AND NON-MEMBERS TO HELP THEM DEVELOP MORE EFFICIENT AND EFFECTIVE WORKERS' COMPENSATION PROGRAMS; (3) THE CERTIFICATED WORKERS' COMPENSATION PROFESSIONAL (CWCP) PROGRAM AND THE CERTIFIED MEDICARE SECONDARY PAYER (CMSP) PROGRAM TO TEACH WORKERS' COMPENSATION PROFESSIONALS THE SPECIALIZED KNOWLEDGE AND SKILLS REQUIRED IN THE FIELD; AND, (4) THE ANNUAL WORKERS' COMPENSATION CONFERENCE (HELD IN NOVEMBER 2022). THE CONFERENCE PROVIDES FELLOWSHIP FOR MEMBERS AND NON-MEMBERS AND PROMOTES THE RIGHT OF BUSINESSES TO SELF INSURE THROUGH EDUCATION. VARIOUS TOPICS WERE PRESENTED DURING THE CONFERENCE - ALL RELATED TO THE OPERATION, REGULATION, LEGISLATIVE AND LEGAL ISSUES AFFECTING THE SELF INSURANCE INDUSTRY. CONTINUING EDUCATION CREDITS FOR INSURANCE AGENTS, RISK MANAGERS, ATTORNEYS, AND VOCATIONAL REHAB PROFESSIONALS WERE MADE AVAILABLE TO THOSE WHO ATTENDED THE CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Patureau Executive Director | Officer | 40 | $121,154 |
David Noland President | Trustee | 0.1 | $0 |
Eddie Crawford Board Member | Trustee | 0.1 | $0 |
Dana Ortego Treasurer | Trustee | 0.1 | $0 |
Elizabeth Lowry Board Member | Trustee | 0.1 | $0 |
Cheryl Harper Vice President | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $53,145 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $275 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,420 |
| Total Program Service Revenue | $242,435 |
| Investment income | $240 |
| 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 | $296,095 |
| 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. | $143,796 |
| 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 | $8,362 |
| Payroll taxes | $9,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,004 |
| Office expenses | $31,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,050 |
| Travel | $13,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $118,617 |
| Interest | $155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,985 |
| All other expenses | $2,417 |
| Total functional expenses | $378,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $181 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $482 |
| Accounts payable and accrued expenses | $3,640 |
| 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 | $8,302 |
| Total liabilities | $11,942 |
| Net assets without donor restrictions | -$11,460 |
| Net assets with donor restrictions | $0 |
| 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 | $482 |