Baton Rouge Area Foundation
- Assets
- $293.2m
- Revenue
- $35.0m
- Investments
- $78.0m
- Employees
- 29
- Location
- Baton Rouge, LA
- Founding
- 11/1965
- Data as of
- 12/2020
- 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 12/2021, Baton Rouge Area Foundation employed 29 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 12/2020, Baton Rouge Area Foundation generated $35.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $34.1m during the year ending 12/2020. While expenses have increased by 1.4% per year over the past 6 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 574 individual grants totaling $43,817,234. 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
2020
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 COORDINATING PROCESSES TO IMPROVE THE EDUCATION OF STUDENTS IN EAST BATON ROUGE PARISH; HOSTING THE 10X WATER SUMMIT THAT GATHERED SCIENTISTS, POLICYMAKERS, AND ENGINEERS TO DISCUSS HOW TO LIVE WITH TOO LITTLE AND TOO MUCH WATER AND SHARE THIS KNOWLEDGE AROUND THE WORLD; PLANNING AND DEVELOPING A MENTAL HEALTH AND SUBSTANCE ABUSE CRISIS CENTER TO HELP FOLKS WHO SUFFER FROM MENTAL ILLNESS AND/OR ADDICTIONS TO AVOID JAIL; SUPPORTING LIGO-LIVINGSTON (LASER INTERFEROMETER GRAVITATIONAL-WAVE OBSERVATORY) WHICH STUDIES AND DETECTS GRAVITATIONAL WAVES BY MEASURING DISTORTIONS IN SPACE AND TIME; AND THE ONGOING ACTIVITIES OF THE WATER INSTITUTE OF THE GULF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Davies President & CEO | OfficerTrustee | 35 | $525,017 |
John M Spain Executive Vice President | Officer | 45 | $427,383 |
Deborah Pickell Director Of Finance | Officer | 45 | $239,661 |
Edmund J Giering IV Assistant Secretary | Officer | 40 | $213,274 |
Mukul Verma Director Of Communications | 40 | $143,112 | |
Raymond Prince Financial Operations Manag | 40 | $118,482 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Board Walk Consulting Executive Search Consultant | 12/30/21 | $126,227 |
Exploratorium Ligo Consultant | 12/30/21 | $135,675 |
Alvarez & Marsal Public Sector Services Good Jobs Challenge Consultant | 12/30/21 | $375,000 |
Lamar Companies Advertising | 12/30/21 | $122,100 |
Nicholas Bolt Bloomberg/dept Of Education Grant Consul | 12/30/21 | $143,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,006 |
| Related organizations | $1,168,967 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,364,245 |
| Noncash contributions included in lines 1a–1f | $4,106,890 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,575,218 |
| Total Program Service Revenue | $0 |
| Investment income | $4,704,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $101,727 |
| Net Gain/Loss on Asset Sales | $1,642,767 |
| Net Income from Fundraising Events | $6,377 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,030,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,753,852 |
| Grants and other assistance to domestic individuals. | $3,214,824 |
| Grants and other assistance to Foreign Orgs/Individuals | $422,450 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,849,517 |
| Compensation of current officers, directors, key employees. | $904,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,432,766 |
| Pension plan accruals and contributions | $379,096 |
| Other employee benefits | -$24,204 |
| Payroll taxes | $164,096 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,466 |
| Fees for services: Accounting | $165,009 |
| Fees for services: Lobbying | $35,484 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,003,498 |
| Fees for services: Other | $120,260 |
| Advertising and promotion | $23,290 |
| Office expenses | $201,053 |
| Information technology | $149,676 |
| Royalties | $0 |
| Occupancy | $391,798 |
| Travel | $17,972 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,966 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,192 |
| Insurance | $62,369 |
| All other expenses | $0 |
| Total functional expenses | $34,103,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,017,308 |
| Savings and temporary cash investments | $15,271,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $265,713 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,222,238 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,080 |
| Net Land, buildings, and equipment | $21,080,977 |
| Investments—publicly traded securities | $143,793,899 |
| Investments—other securities | $77,970,945 |
| Investments—program-related | $11,144,245 |
| Intangible assets | $0 |
| Other assets | $5,474,206 |
| Total assets | $293,247,071 |
| Accounts payable and accrued expenses | $409,136 |
| Grants payable | $2,794,290 |
| Deferred revenue | $533,217 |
| 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 | $434,510 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,310,963 |
| Total liabilities | $7,482,116 |
| Net assets without donor restrictions | $174,648,666 |
| Net assets with donor restrictions | $111,116,289 |
| 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 | $293,247,071 |
Grants Awarded
Over the last fiscal year, Baton Rouge Area Foundation has awarded $21,862,416 in support to 290 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: THE LOUISIANA EDUCATION PROJECT: 2015-2021 | $1,750,000 |
Atlanta, GA PURPOSE: GENERAL SUPPORT | $1,000,000 |
Baton Rouge, LA PURPOSE: GENERAL SUPPORT, SUPPORT OF WOMEN UNITED AND 225 GIVES CAMPAIGN | $576,916 |
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $541,922 |
Portland, OR PURPOSE: THE LOUISIANA EDUCATION: 2015-2021 PROGRAM | $525,000 |
Boston, MA PURPOSE: THE LOUISIANA EDUCATION: 2015-2021 PROGRAM | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 38 grants that Baton Rouge Area Foundation has recieved totaling $11,096,331.
| Awarding Organization | Amount |
|---|---|
Bloomberg Family Foundation Inc New York, NY PURPOSE: TO IMPROVE OUTCOMES FOR K-12 STUDENTS IN THE U.S. | $7,867,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO PROVIDE TECHNICAL ASSISTANCE TO SELECT COMMUNITIES WORKING ON APPLICATIONS FOR THE FEDERAL COMMERCE DEPARTMENT'S GOOD JOBS CHALLENGE. | $931,000 |
United Health Foundation Minnetonka, MN PURPOSE: UNITED HEALTH FOUNDATION DONATION TO SUPPORT HURRICANE IDA RELIEF EFFORTS | $300,000 |
At&t Foundation Dallas, TX PURPOSE: COMMUNITY SUPPORT AND SAFETY | $273,000 |
David And Nicole Tepper Charitable Foundation Inc Short Hills, NJ PURPOSE: GENERAL SUPPORT | $250,000 |
Blue Cross And Blue Shield Of Louisiana Foundation Baton Rouge, LA PURPOSE: HURRICANE IDA RESPONSE | $250,000 |
Endowment Analysis
| Beg. Balance | $101,347,089 |
| Earnings | $15,853,744 |
| Admin Expense | $454,303 |
| Net Contributions | $2,462,411 |
| Other Expense | $8,379,379 |
| Ending Balance | $110,829,562 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $387,395,879 | $137,312,103 |
Austin Community Foundation Austin, TX | $433,764,301 | $88,798,773 |
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |
Astros Golf Foundation Houston, TX | $9,630,590 | $24,941,045 |
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |
Dallas Jewish Community Foundation Dallas, TX | $257,889,567 | $62,022,140 |
Excellerate Foundation Rogers, AR | $1,422,117 | $18,582,776 |