University Of Louisiana At Lafayette Foundation
- Assets
- $292.7m
- Revenue
- $46.2m
- Investments
- $94.7m
- Employees
- 47
- Location
- Lafayette, LA
- Founding
- 08/1957
- Data as of
- 06/2021
- EIN
- 72-6023836
Organization Overview
University Of Louisiana At Lafayette Foundation is located in Lafayette, LA. The organization was established in 1957. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, University Of Louisiana At Lafayette Foundation employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Louisiana At Lafayette 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 06/2021, University Of Louisiana At Lafayette Foundation generated $46.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $18.0m during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES PHILANTHROPIC SUPPORT SERVICES TO ENHANCE FUNDRAISING, ASSET MANAGEMENT AND STEWARDSHIP FUNCTIONS, AIDING THE UNIVERSITY OF LOUISIANA AT LAFAYETTE IN FURTHERING ITS MISSION OF PROVIDING AN EXCEPTIONAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC SUPPORT: THE UL LAFAYETTE FOUNDATION SUPPORTS THE ACADEMIC PROGRAMS FOR THE UNIVERSITY OF LOUISIANA AT LAFAYETTE BY SOLICITING PRIVATE DONATIONS, INVESTING, AND DISTRIBUTING EXPENDABLE FUNDS IN THE FORM OF SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, HONORARIUMS, FACULTY DEVELOPMENT, CAPITAL PROJECTS AND RESEARCH SUBSIDIES. A PORTION OF SUCH DISTRIBUTIONS ARE LOUISIANA BOARD OF REGENTS SUPPORT FUND (BORSF) MATCHING GIFT FUNDS. DURING THE YEAR, THE FOUNDATION PROVIDED SCHOLARSHIP FUNDS FOR OVER 1,260 STUDENTS. IT PROVIDED 301 EMINENT SCHOLAR/DISTINGUISHED PROFESSOR AWARDS, AND RESEARCH FELLOWSHIPS, FUNDING SALARY SUBSIDIES, EDUCATIONAL TRAVEL AND PROFESSIONAL ENRICHMENT. THE FOUNDATION ALSO PROVIDED FINANCIAL SUPPORT FOR FACULTY DEVELOPMENT AND CLASSROOM RESOURCES.
ATHLETIC PROGRAM SUPPORT: THE UL LAFAYETTE FOUNDATION PROVIDED SUPPORT FOR A VARIETY OF ATHLETIC PROGRAMS INCLUDING ATHLETIC SCHOLARSHIPS, PROGRAM ENRICHMENT, HEALTH/WELLNESS, AND FACILITIES ENHANCEMENT. FUNDING INCLUDES STUDENT ATHLETE SCHOLARSHIPS, TUTORING, NUTRITIONAL AND WELLNESS SUPPORT, TEAM TRAVEL COSTS, EQUIPMENT, UNIFORMS, TRAINERS, AND SALARY SUPPLEMENTS FOR COACHES.
MUSEUM SUPPORT: THE FOUNDATION SUPPORTED THE HILLIARD ART MUSEUM - UNIVERSITY OF LOUISIANA AT LAFAYETTE, WHOSE MISSION IS TO ENHANCE THE EDUCATION OF UNIVERSITY OF LOUISIANA AT LAFAYETTE STUDENTS AND INSPIRE CREATIVITY THROUGH ENGAGEMENT WITH THE ARTS FOR THE ACADIANA REGION. SELECTIONS FROM THE MUSEUM'S OVER 2,000 ITEMS IN ITS PERMANENT COLLECTION ARE ON VIEW ON A ROTATING BASIS. DURING THE FALL AND SPRING SEMESTERS, THE MUSEUM FEATURES PROGRAMS WHICH COMPLEMENTS THE CURRENT SEASON OF EXHIBITIONS AND PROVIDE A CROSS-DISCIPLINARY APPROACH TO LEARNING. IN ADDITION, THE MUSEUM HOSTS MONTHLY CHILD EVENTS AS WELL AS HEALTH AND FITNESS CLASSES. NUMEROUS OTHER LECTURES AND OTHER SPECIAL COMMUNITY EVENTS ARE HOSTED AND AVAILABLE TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Giglio Jr Past Chairman | OfficerTrustee | 2 | $0 |
Thomas Kreamer Chairman | OfficerTrustee | 2 | $0 |
Bryan Hanks Vice Chairman | OfficerTrustee | 2 | $0 |
Michael Conway Trustee | Trustee | 1 | $0 |
Donald Broussard Trustee | Trustee | 1 | $0 |
Gene Fortier Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liskow & Lewis Legal Fees | 6/29/23 | $377,021 |
J B Mouton Inc Other Fees For Services | 6/29/23 | $1,043,563 |
Eab Professional Fundraising Fees | 6/29/23 | $267,926 |
Acsw Architects Other Fees For Services | 6/29/23 | $225,245 |
Cornerstone Government Affairs Inc Lobbying Fees | 6/29/23 | $153,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,628,801 |
| Investment income | -$161,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,409 |
| Net Rental Income | $11,226 |
| Net Gain/Loss on Asset Sales | $6,536,989 |
| Net Income from Fundraising Events | -$6,928 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,235,918 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,710,878 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,274 |
| Fees for services: Accounting | $53,638 |
| Fees for services: Lobbying | $96,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175,903 |
| Advertising and promotion | $0 |
| Office expenses | $506,607 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $337 |
| Interest | $17,213 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $309,252 |
| Insurance | $90,292 |
| All other expenses | $0 |
| Total functional expenses | $18,017,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,793,848 |
| Savings and temporary cash investments | $14,520,531 |
| Pledges and grants receivable | $31,830,582 |
| Accounts receivable, net | $625,775 |
| 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 | $772,008 |
| Investments—publicly traded securities | $128,509,677 |
| Investments—other securities | $94,725,624 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,881,896 |
| Total assets | $292,703,277 |
| Accounts payable and accrued expenses | $5,244,742 |
| Grants payable | $60,000 |
| Deferred revenue | $3,733,333 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $52,140,475 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $310,829 |
| Unsecured mortgages and notes payable | $219,755 |
| Other liabilities | $0 |
| Total liabilities | $61,709,134 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $230,994,143 |