Louisiana National Guard Foundation
- Assets
- $6.0m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 12/2016
- Data as of
- 06/2023
- EIN
- 81-4410016
Organization Overview
Louisiana National Guard Foundation is located in New Orleans, LA. The organization was established in 2016. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana National Guard 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 06/2023, Louisiana National Guard Foundation generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $6.0m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE LA MILITARY DEPT. IN ITS EDUCATIONAL, MILITARY ENHANCEMENT & TRAINING MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLAR RESILIENCY PROJECT-PROVIDE POWER TO THE LOUISIANA MILITARY DEPARTMENT IN TIMES OF NATURAL OR MAN MADE DISASTERS.
LANG EMERGENCY RELIEF FUNDSCHOLARSHIP PROGRAMFRIENDS OF THE MUSEUMCAMP VILLERE RANGE PROGRAMCAMP BEAUREGARD HOUSING PROGRAMESLER AIR FIELD PROGRAM
COOPERATIVE ENDEAVOR AGREEMENTS - THE MILITARY DEPARTMENT, STATE OF LOUISIANA.RAIL CAR STORAGE - EAST CAMDEN: LEASE RAIL TRACK TO EAST CAMDEN AND HIGHLAND RAILROAD TO GENERATE FUNDS FOR THE LOUISIANA MILITARY DEPARTMENT, SPECIFICALLY CAMP MINDEN AND THEIR OPERATIONAL NEEDS.LEASE REVENUE - CAMP MINDEN: LEASE OLD BUILDINGS FOR THE BENEFIT OF CAMP MINDEN TO PROVIDE ADDITIONAL FUNDS TO LANG.LEASE REVENUE-CAMP VILLERE RANGE PROGRAM: NATIONAL AND LOCAL LAW ENFORCEMENT AGENCIES RENT THE RANGES FOR TRAINING. THIS PROVIDES FUNDING FOR CAMP VILLERE AND JACKSON BARRACKS PROJECTS.LEASE REVENUE-CELL TOWER LEASES: ALLOWS TELECOMMUNICATION COMPANIES TO LEASE SPACE AT LOCATIONS THROUGHOUT THE STATE. PROVIDES ADDITIONAL GRANT FUNDS FOR LANG PROJECTS.LEASE REVENUE-UPPER IOWA UNIVERSITY: ALLOWS UPPER IOWA UNIVERSITY TO LEASE SPACE AT JACKSON BARRACKS. PROVIDES ADDITIONAL GRANT FUNDS FOR LANG PROJECTS.LEASE REVENUE-EAGLE FEDERAL CREDIT UNION: ALLOWS EAGLE FEDERAL CREDIT UNION TO LEASE SPACE AT JACKSON BARRACKS. PROVIDES ADDITIONAL GRANT FUNDS FOR LANG PROJECTS.LEASE REVENUE-UPS MIDSTREAM SERVICES: ALLOWS UPS MIDSTREAM SERVICES TO LEASE SPACE AT JENA ARMORY. PROVIDES ADDITIONAL GRANT FUNDS FOR LANG PROJECTS.LEASE REVENUE - MOVIE AND TV FILMING. PROVIDES ADDITIONAL FUNDS FOR LANG PROJECTS.
BILLETING OPERATIONS: PROVIDED A PLACE OF LODGING FOR SERVICE MEN AND WOMEN FOR ACTIVE/INACTIVE DUTY TRAINING, AS WELL AS MORALE, WELFARE, AND RECREATION. DURING FISCAL YEAR ENDED 2023, THERE WERE THREE BILLETING OPERATION LOCATIONS.JACKSON BARRACKS: APPROXIMATELY 4,000 SERVICE MEN AND WOMEN SERVEDCAMP BEAUREGARD: APPROXIMATELY 2,000 SERVICE MEN AND WOMEN SERVEDCAMP MINDEN: APPROXIMATELY 500 SERVICE MEN AND WOMEN SERVED
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Mccotter Immediate Past Chairman | OfficerTrustee | 2.5 | $0 |
Ernest Broussard Chairman | OfficerTrustee | 2.5 | $0 |
John D'angelo Vice Chairman | OfficerTrustee | 2.5 | $0 |
Ronald L Faia Jr Treasurer | OfficerTrustee | 2.5 | $0 |
Ron Drez Director | Trustee | 2.5 | $0 |
Russell Mosely Director | Trustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Employment Development Services Cleaning Services For Billeting Operatio | 6/29/23 | $191,284 |
Dunlap Fiore Legal Services | 6/29/23 | $174,455 |
Michael R Niclosi Management/operational Services | 6/29/23 | $117,417 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,798,228 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,706 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,849,934 |
| Total Program Service Revenue | $1,392,203 |
| Investment income | $79,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$31,648 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,290,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $282,214 |
| Grants and other assistance to domestic individuals. | $37,219 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,292 |
| Compensation of current officers, directors, key employees. | $95,292 |
| 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 | $0 |
| Fees for services: Legal | $205,343 |
| Fees for services: Accounting | $24,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,418 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,771 |
| Office expenses | $19,672 |
| Information technology | $19,948 |
| Royalties | $0 |
| Occupancy | $56,498 |
| Travel | $0 |
| 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 | $5,698 |
| Insurance | $2,654 |
| All other expenses | $106,919 |
| Total functional expenses | $5,987,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,055 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $61,549 |
| Accounts receivable, net | $75,605 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,442,647 |
| Inventories for sale or use | $17,852 |
| Prepaid expenses and deferred charges | $17,125 |
| Net Land, buildings, and equipment | $11,393 |
| Investments—publicly traded securities | $2,963,750 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,032 |
| Total assets | $5,991,008 |
| Accounts payable and accrued expenses | $67,106 |
| Grants payable | $18,111 |
| Deferred revenue | $49,528 |
| 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 | $0 |
| Total liabilities | $134,745 |
| Net assets without donor restrictions | $2,671,247 |
| Net assets with donor restrictions | $3,185,016 |
| 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 | $5,991,008 |