Community Foundation Of North Louisiana
- Assets
- $175.5m
- Revenue
- $19.1m
- Investments
- $947.6k
- Employees
- 13
- Location
- Shreveport, LA
- Founding
- 06/1987
- Data as of
- 12/2021
- EIN
- 72-6022365
Organization Overview
Community Foundation Of North Louisiana, operating under the name The Community Foundation, is located in Shreveport, LA. The organization was established in 1987. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Community Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community 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 12/2021, Community Foundation generated $19.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $9.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Community Foundation has awarded 1,278 individual grants totaling $61,935,409. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGHTHEN THE COMMUNITY THROUGH PHILANTHROPY
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY FOUNDATION OF NORTH LOUISIANA SERVES AS A POWERFUL CATALYST FOR PROMOTING CHARITABLE GIVING AND EFFECTING POSITIVE CHANGE IN OUR AREA. WE FUND A VARIETY OF PROGRAMS THAT ADDRESS CRITICAL NEEDS IN OUR COMMUNITY, INCLUDING POVERTY, HEALTH, AND EDUCATION. THE FOUNDATION IS A STEWARD OF THE PHILANTHROPIC INTERESTS OF PAST DONORS, REMAINS FLEXIBLE TO RESPOND TO CHANGING NEEDS IN OUR REGION, AND IS COMMITTED TO CREATING A MORE VIBRANT NORTH LOUISIANA FOR GENERATIONS TO COME.
OTHER PROGRAM SERVICES INCLUDE SUPPORT OF NONPROFITS THROUGH NETWORKING OPPORTUNITIES, PUBLIC EVENTS AND WORKSHOPS. WE SERVE AS A PHILANTHROPIC EXPERT AND HUB AS WELL AS A CONVENER THAT BRINGS TOGETHER EXPERTS TO IDENTIFY PROBLEMS AND DEVELOP COMMON AGENDAS TO EFFECT REAL AND LASTING CHANGE. WE WORK WITH DONORS TO UNDERSTAND AND IMPLEMENT HIS OR HER PERSONAL VISION FOR A BETTER AND BRIGHTER COMMUNITY AND PROVIDE A LASTING LEGACY THAT TRANSCENDS GENERATIONS. AN ADDITIONAL PROGRAM IS "COMMUNITY COUNTS". TO HELP DRIVE CHANGE IN OUR AREA, THE COMMUNITY FOUNDATION HAS BEEN TRACKING DATA AND PUBLISHING AN ANNUAL REPORT CARD, "COMMUNITY COUNTS", SINCE 2008. DATA FOR THE SHREVEPORT-BOSSIER METROPOLITAN STATISTICAL AREA (MSA) IS COLLECTED AND TRACKED IN SIX CATEGORIES: POPULATION, ECONOMIC WELL-BEING, HUMAN CAPITAL, EDUCATION, HEALTH, AS WELL AS SOCIAL AND PHYSICAL ENVIRONMENT. THIS DATA GUIDES THE FOUNDATION'S GRANT-MAKING AND WE ENCOURAGE ALL TO USE THE REPORT TO START COMMUNITY DISCUSSIONS, AS A ROAD-MAP FOR SOCIAL CAPITAL INVESTMENT, OR AS A CALL TO ACTION FOR PHILANTHROPY AND VOLUNTEERISM. OVER 50% OF CHILDREN IN NORTHWEST LOUISIANA ARE NOT KINDERGARTEN READY WHEN THEY START KINDERGARTEN. RESEARCH HAS SHOWN KINDERGARTEN READINESS IS AN INDICATOR OF LONG-TERM EDUCATIONAL SUCCESS. THE FOUNDATION HAS INCREASED FUNDRAISING EFFORTS TO PROVIDE SCHOLARSHIPS TO EXPAND ACCESS AND ENROLLMENT IN QUALITY EARLY CHILDREN EDUCATION FOR CHILDREN IN CADDO AND BOSSIER PARISHES. IN ADDITION, THE FOUNDATION IS EVALUATING THE IMPACT OF THIS INITIATIVE BY TRACKING AND MEASURING THE PROGRESS OF CHILDREN RECEIVING SCHOLARSHIPS RELATIVE TO THEIR PEERS THAT DO NOT ATTEND EARLY CHILDHOOD EDUCATION CENTERS.
GIVE FOR GOOD IS A 24-HOUR ONLINE GIVING CHALLENGE THAT RAISES UNRESTRICTED DOLLARS FOR NONPROFITS IN NORTH LOUISIANA. THE EVENT ENCOURAGES COMMUNITY MEMBERS FROM ALL BACKGROUNDS TO BECOME INVOLVED IN PHILANTHROPY AND EDUCATES PARTICIPANTS ON THE VITAL SERVICES THAT AREA NONPROFITS PROVIDE. SINCE ITS CREATION IN 2014, GIVE FOR GOOD HAS RAISED OVER $18 MILLION FOR NORTH LOUISIANA CHARITIES.
STEP FORWARD - CFNLA SEEKS SUCCESS FOR EVERY CHILD IN NORTH LOUISIANA WITH THE ULTIMATE GOAL OF ALL CHILDREN OBTAINING A SUSTAINABLE, LIVING-WAGE JOB BY AGE 25. THROUGH A SHARED COMMUNITY VISION, STEP FORWARD AND ITS PARTNERS USE EVIDENCE-BASED DECISION MAKING AND COLLABORATIVE ACTION TO MAKE POSITIVE CHANGES FOR NORTH LOUISIANA CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Davis Director | Trustee | 2 | $0 |
Thomas H Murphy Director | Trustee | 2 | $0 |
Wanda H Thomas Director | Trustee | 2 | $0 |
Kristi Gustavson CEO | Officer | 50 | $154,573 |
Paige Carlisle CFO | Officer | 42 | $110,439 |
Lisa C Cronin Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,756,827 |
| Investment income | $5,562,744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $966,327 |
| Net Rental Income | -$325 |
| Net Gain/Loss on Asset Sales | $3,754,568 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,128,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $96,072 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $257,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $370,947 |
| Pension plan accruals and contributions | $26,190 |
| Other employee benefits | $55,544 |
| Payroll taxes | $48,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,141 |
| 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 | $33,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,356 |
| Travel | $11,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,684 |
| Insurance | $19,358 |
| All other expenses | $0 |
| Total functional expenses | $9,856,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,462 |
| Savings and temporary cash investments | $16,330,570 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192,957 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,824 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,777 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $947,647 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $157,465,648 |
| Total assets | $175,456,336 |
| Accounts payable and accrued expenses | $506,394 |
| Grants payable | $213,097 |
| 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 | $10,383,849 |
| Total liabilities | $11,103,340 |
| Net assets without donor restrictions | $82,282,031 |
| Net assets with donor restrictions | $82,070,965 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $164,352,996 |
Grants Awarded
Over the last fiscal year, Community Foundation Of North Louisiana has awarded $8,784,118 in support to 158 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR EDUCATION PURPOSE: FOR GENERAL SUPPORT, TEACHER MINI GRANTS | $65,012 |
BERNSTEIN DEVELOPMENT INC PURPOSE: CAMP BERNSTEIN SUMMER READING AND STEM PROGRAM, GIVE FOR GOOD | $8,250 |
BIOMEDICAL RESEARCH FOUNDATION OF NORTHWEST LOUISIANA PURPOSE: FOR GENERAL SUPPORT; GIVE FOR GOOD GRANT | $62,668 |
AMERICAN RED CROSS OF NORTH LOUISIANA PURPOSE: SERVICE TO THE ARMED FORCES, GIVE FOR GOOD GRANT, UKRAINE HUMANITARIAN CRISIS | $10,831 |
BOSSIER ARTS COUNCIL PURPOSE: FOR EAST BANK LIVE GIVE FOR GOOD GRANT | $19,598 |
WIDEMAN INTERNATIONAL PIANO COMPETITION INC PURPOSE: TO BE USED AS PRIZE MONEY; FOR GENERAL SUPPORT | $5,489 |