Lsu Real Estate And Facilities Foundation
- Assets
- $24.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 12/2016
- Data as of
- 06/2022
- EIN
- 81-2900408
Organization Overview
Lsu Real Estate And Facilities Foundation is located in Baton Rouge, LA. The organization was established in 2016. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lsu Real Estate And Facilities 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 06/2022, Lsu Real Estate And Facilities Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. 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
THE LSU REAL ESTATE AND FACILITIES FOUNDATION ENCOMPASSES ALL AREAS OF FACILITIES DEVELOPMENT, INCLUDING CAMPUS MASTER PLANNING, PROJECT DEVELOPMENT, REAL ESTATE TRANSACTIONS, DESIGN AND CONSTRUCTION AND FACILITIES OPERATIONS, AS WELL AS ACTIVITIES PROMOTING ENVIRONMENTAL HEALTH AND SAFETY, EMERGENCY PREPAREDNESS AND DISASTER RECOVERY THAT IMPACT LSU'S FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PORTION OF THE GROUND LEASE RENT PAYMENT PAID BY CHARITY HOSPITAL REDEVELOPMENT LLC TO LSU HEALTH SCIENCES CENTER NEW ORLEANS RELATED TO THE REDEVELOPMENT PROJECT.
OTHER EXPENDITURES - PREDOMINATELY MISCELLANEOUS EXPENSES INCURRED BY PILOTS POINTE, LLC FOR OPERATING EXPENSES OF STUDENT HOUSING NEXT TO LSU'S SHREVEPORT CAMPUS.
OPERATING EXPENSES INCURRED BY PILOTS POINTE, LLC FOR THE OPERATION OF STUDENT HOUSING NEXT TO LSU'S SHREVEPORT CAMPUS.
NON-OPERATING EXPENSES, SUCH AS DEPRECIATION AND INTEREST EXPENSES, INCURRED BY BENGAL VILLAGE, LLC RELATED TO THE STUDENT HOUSING ON LSU'S EUNICE CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Landry Chairman | Trustee | 1 | $0 |
Gary Graphia Director | Trustee | 1 | $0 |
James Maurin Director | Trustee | 1 | $0 |
Karen Deblieux Director | Trustee | 1 | $0 |
Mike Wampold Director | Trustee | 1 | $0 |
Ronald Sholes Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sasaki Associates Inc Design Services For University Lakes Pro | 6/29/22 | $899,439 |
B&d Csrs Llc Consulting Services For University Lakes | 6/29/22 | $389,368 |
Stantec Consulting Services Project Management For University Lakes | 6/29/22 | $326,550 |
Carbo Landscape Architecture Renovation Of Student Union Lot | 6/29/22 | $202,310 |
Geoengineers Data Collection & Sediment Sampling For | 6/29/22 | $132,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $44,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,035,724 |
| 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 | $1,079,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,715,199 |
| 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 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $343,309 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $420,885 |
| Payments to affiliates | $34,536 |
| Depreciation, depletion, and amortization | $457,424 |
| Insurance | $0 |
| All other expenses | $873,466 |
| Total functional expenses | $3,844,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,004,252 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,140 |
| 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 | $56,748 |
| Net Land, buildings, and equipment | $10,142,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,244,910 |
| Total assets | $24,587,647 |
| Accounts payable and accrued expenses | $382,678 |
| 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 | $11,151,759 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,534,437 |
| Net assets without donor restrictions | $11,521,302 |
| Net assets with donor restrictions | $1,531,908 |
| 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 | $24,587,647 |