Baton Rouge Area Foundation
- Assets
- $321.5m
- Revenue
- $54.6m
- Investments
- $89.4m
- Employees
- 37
- Location
- Baton Rouge, LA
- Founding
- 11/1965
- Data as of
- 12/2023
- EIN
- 72-6030391
Organization Overview
Baton Rouge Area Foundation is located in Baton Rouge, LA. The organization was established in 1965. 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 12/2023, Baton Rouge Area Foundation employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baton Rouge Area 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 12/2023, Baton Rouge Area Foundation generated $54.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $48.6m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 5 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.
Since 2020, Baton Rouge Area Foundation has awarded 1,270 individual grants totaling $104,797,199. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATION UNITES HUMAN & FINANCIAL RESOURCES TO ENHANCE QUALITY OF LIFE IN SOUTHERN LOUISIANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING THE BATON ROUGE AND SOUTH LOUISIANA AREA BY FUNDING VARIOUS NONPROFITS, PROGRAMS, AND PROJECTS BENEFITTING THE NEEDY AND THE COMMUNITY AS A WHOLE.
SPONSORING AND ADMINISTERING A NUMBER OF PROGRAMS AND PROJECTS THAT ARE DEDICATED TO PROVIDING THE APPROPRIATE RESPONSE TO EMERGING COMMUNITY NEEDS SUCH AS FACILITATING INVESTMENTS AND PARTERNSHIPS AND COORDINATING PROCESSES TO IMPROVE THE EDUCATION OF PRIMARY AND SECONDARY STUDENTS THROUGHOUT SOUTH LOUISIANA; FACILITATING INVESTMENTS AND PARTERNSHIPS TO SUPPORT CITIES AND REGIONS CREATING POSITIVE IMPACT FOR PEOPLE, ORGANIZATIONS AND ECONOMIES NECESSARY TO BUILD SAFE AND SUSTAINABLE COMMUNITIES; SUPPORTING LIGO-LIVINGSTON (LASER INTERFEROMETER GRAVITATIONAL-WAVE OBSERVATORY) WHICH STUDIES AND DETECTS GRAVITATIONAL WAVES BY MEASURING DISTORTIONS IN SPACE AND TIME AND ITS SCIENCE EDUCATION ACTIVITIES; AND WORKING WITH PUBLIC, PRIVATE AND COMMUNITY PARTNERS, TO PROVIDE FINANCIAL AND TECHNICAL ASSISTANCE IN BUILDING CLEAN ENERGY COMMUNITIES ACROSS LOUISIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher J Meyer President & CEO | OfficerTrustee | 45 | $443,088 |
Jeffrey W Koonce Chair | OfficerTrustee | 2 | $0 |
Jennifer Eplett Reilly Past Chair | OfficerTrustee | 1 | $0 |
Thomas J Adamek Vice-Chair | OfficerTrustee | 1 | $0 |
Daniel A Gardiner Jr Treasurer | OfficerTrustee | 1 | $0 |
Helena R Cunningham Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guidehouse Inc Clean Energy Consultant | 12/30/23 | $524,715 |
Watershed Advisors Llc Consulting | 12/30/23 | $1,525,306 |
Exploratorium Consulting | 12/30/23 | $269,155 |
Sped Strategies Llc Special Education Consultant | 12/30/23 | $260,328 |
Attuned Education Partners Llc Educational Planning And Implementation | 12/30/23 | $245,498 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $182,839 |
| Related organizations | $2,182,238 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,148,605 |
| Noncash contributions included in lines 1a–1f | $4,062,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,513,682 |
| Total Program Service Revenue | $0 |
| Investment income | $11,037,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$307,543 |
| Net Gain/Loss on Asset Sales | $10,423,070 |
| Net Income from Fundraising Events | -$58,967 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,623,777 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,300,615 |
| Grants and other assistance to domestic individuals. | $436,799 |
| Grants and other assistance to Foreign Orgs/Individuals | $554,600 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,700,796 |
| Compensation of current officers, directors, key employees. | $1,067,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,706,593 |
| Pension plan accruals and contributions | $426,512 |
| Other employee benefits | $596,193 |
| Payroll taxes | $215,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,190 |
| Fees for services: Accounting | $217,198 |
| Fees for services: Lobbying | $54,100 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $976,282 |
| Fees for services: Other | $312,559 |
| Advertising and promotion | $9,807 |
| Office expenses | $191,588 |
| Information technology | $215,727 |
| Royalties | $0 |
| Occupancy | $451,636 |
| Travel | $47,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $216,282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,029 |
| Insurance | $104,427 |
| All other expenses | $32,503 |
| Total functional expenses | $48,602,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,910,695 |
| Savings and temporary cash investments | $30,357,589 |
| Pledges and grants receivable | $83,269 |
| Accounts receivable, net | $824,151 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,114,358 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $101,580 |
| Net Land, buildings, and equipment | $19,051,792 |
| Investments—publicly traded securities | $160,331,928 |
| Investments—other securities | $89,436,615 |
| Investments—program-related | $9,474,259 |
| Intangible assets | $0 |
| Other assets | $5,791,288 |
| Total assets | $321,477,524 |
| Accounts payable and accrued expenses | $312,649 |
| Grants payable | $3,434,969 |
| Deferred revenue | $4,745,837 |
| 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 | $1,529,601 |
| Total liabilities | $10,023,056 |
| Net assets without donor restrictions | $199,861,325 |
| Net assets with donor restrictions | $111,593,143 |
| 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 | $321,477,524 |
Grants Awarded
Over the last fiscal year, Baton Rouge Area Foundation has awarded $32,908,685 in support to 370 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF METROPOLITAN BATON ROUGE PURPOSE: GENERAL SUPPORT, SUPPORT OF SPECIAL PROJECTS/PROGRAMS | $140,200 |
18TH WARD PURPOSE: LOUISIANA EDUCATION: 2015-2025 PROGRAM | $100,000 |
1162 FOUNDATION INC PURPOSE: GENERAL SUPPORT | $25,000 |
ACADEMY OF COLLABORATIVE EDUCATION PURPOSE: FOR THE ACE YEAR 0 PRE-AUTHORIZATION PLANNING GRANT | $250,000 |
ACTS OF LOVE INC PURPOSE: SUPPORT OF SPECIAL PROJECTS/PROGRAMS | $38,000 |
ADAPTIVE SPORTS CENTER OF CRESTED BUTTE INC PURPOSE: GENERAL SUPPORT | $5,000 |