2022-09-09T15:18:31-05:00 2021-12-31 720464428 HAWTHORN WAYMOUTH & CARROLL LLP 8545 UNITED PLAZA BLVD - NO 200 BATON ROUGE LA 708099982 990 2021-01-01 720780313 LOUISIANA ASSOCIATION OF BUSINESS AND INDUSTRY LOUI 2259285388 500 MAIN STREET BATON ROUGE LA 70801 STEPHEN M WAGUESPACK PRESIDENT 2259285388 2022-09-09 1 STEPHEN WAGUESPACK 999009999 CHARLES R PEVEY P00103577 2259233000 2022-08-24 X 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z STEPHEN M WAGUESPACK 500 MAIN STREET BATON ROUGE LA 70801 3701591 0 X WWW.LABI.ORG X 1975 LA TO IMPROVE THE BUSINESS CLIMATE OF LOUISIANA 98 98 21 488 154323 38062 1537638 1305407 1824480 1600414 27207 24163 610882 724906 4000207 3654890 0 0 0 0 2439154 2476212 0 0 0 762309 1008684 3201463 3484896 798744 169994 9144052 8675221 1677206 787594 7466846 7887627 TO FOSTER A CLIMATE FOR ECONOMIC GROWTH BY CHAMPIONING THE PRINCIPLES OF THE FREE ENTERPRISE SYSTEM AND BY REPRESENTING THE GENERAL INTERESTS OF THE BUSINESS COMMUNITY THROUGH THE ACTIVE INVOLVEMENT IN THE POLITICAL, LEGISLATIVE, JUDICIAL, AND REGULATORY PROCESSES 0 0 ISSUE COUNCILS, RESEARCH AND PROGRAMS OF ACTION - LABI IS AN ORGANIZATION DESIGNED TO ENSURE STRONG ECONOMIC GROWTH, EXPANSION OF JOB OPPORTUNITIES IN LOUISIANA AND ENSURE POLITICAL BALANCE IN GOVERNMENT BETWEEN BUSINESS, LABOR AND OTHER GROUPS OF INFLUENCE. 0 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 17 0 1 21 1 1 1 0 0 0 1 1 0 0 0 X 98 98 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2259285388 500 MAIN STREET BATON ROUGE LA 70801 TIM STINE DIRECTOR 1.00 X 0 0 0 SONIA PEREZ IMMEDIATE PAST CHAIRMAN 1.00 X X 0 0 0 TERRY BAUGH CHAIRMAN 1.00 X X 0 0 0 TOM O'NEAL IMMEDIATE PAST CHAIRMAN 1.00 X X 0 0 0 ART FARVE DIRECTOR 1.00 X 0 0 0 ROBERT ANGELICO DIRECTOR 1.00 X 0 0 0 JOE ARROYO DIRECTOR 1.00 X 0 0 0 JAMES BABST DIRECTOR 1.00 X 0 0 0 SCOTT BALLARD DIRECTOR 1.00 X 0 0 0 BOBBY BAROUSSE DIRECTOR 1.00 X 0 0 0 ANGELA ZERINGUE DIRECTOR 1.00 X 0 0 0 BOB BARTON DIRECTOR 1.00 X 0 0 0 ANDREE BEGNEAUD DIRECTOR 1.00 X 0 0 0 JILL BENOIT DIRECTOR 1.00 X 0 0 0 ROBERT S BOH DIRECTOR 1.00 X 0 0 0 AYRES BRADFORD DIRECTOR 1.00 X 0 0 0 JH CAMPBELL DIRECTOR 1.00 X 0 0 0 KIM CARVER DIRECTOR 1.00 X 0 0 0 BLAKE CHATELAIN DIRECTOR 1.00 X 0 0 0 EMILE CORDARO DIRECTOR 1.00 X 0 0 0 TOM COX DIRECTOR 1.00 X 0 0 0 KIM CUSIMANO DIRECTOR 1.00 X 0 0 0 NICOLE DAIGLE DIRECTOR 1.00 X 0 0 0 ERIC DANOS DIRECTOR 1.00 X 0 0 0 JASON DECUIR TREASURER 1.00 X X 0 0 0 JOHN DOGGETT DIRECTOR 1.00 X 0 0 0 JOHN DONAHUE DIRECTOR 1.00 X 0 0 0 MICHAEL EASON DIRECTOR 1.00 X 0 0 0 LAVELLE EDMONSON DIRECTOR 1.00 X 0 0 0 RONALD EVANS DIRECTOR 1.00 X 0 0 0 MERYL KENNEDY FARR DIRECTOR 1.00 X 0 0 0 TOMMY FAUCHEAX DIRECTOR 1.00 X 0 0 0 CASSIE FELDER DIRECTOR 1.00 X 0 0 0 COURTNEY A FENET JR DIRECTOR 1.00 X 0 0 0 WILLIAM FENSTERMAKER DIRECTOR 1.00 X 0 0 0 DAVID GAINES DIRECTOR 1.00 X 0 0 0 RYAN GIROUARD DIRECTOR 1.00 X 0 0 0 LANE GRIGSBY DIRECTOR 1.00 X 0 0 0 GEORGE H GUIDRY JR DIRECTOR 1.00 X 0 0 0 RICHARD GUILLORY DIRECTOR 1.00 X 0 0 0 JAY GUILLOT DIRECTOR 1.00 X 0 0 0 MIKE HALL DIRECTOR 1.00 X 0 0 0 BRYAN HANKS DIRECTOR 1.00 X 0 0 0 CHRIS HASKEW DIRECTOR 1.00 X 0 0 0 DAVID HUVAL DIRECTOR 1.00 X 0 0 0 BRYAN JONES DIRECTOR 1.00 X 0 0 0 STEVE JORDAN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER KINSEY DIRECTOR 1.00 X 0 0 0 RAYMOND LASSEIGNE DIRECTOR 1.00 X 0 0 0 JAMEY LEBLANC DIRECTOR 1.00 X 0 0 0 MATTHEW MANN DIRECTOR 1.00 X 0 0 0 MELISSA MANN DIRECTOR 1.00 X 0 0 0 JUDE MELVILLE SECRETARY 1.00 X X 0 0 0 PATRICK MOCKLER DIRECTOR 1.00 X 0 0 0 JESSICA MONROE DIRECTOR 1.00 X 0 0 0 DANNY MONTELARO DIRECTOR 1.00 X 0 0 0 JODY MONTELARO DIRECTOR 1.00 X 0 0 0 SPENCER MURPHY DIRECTOR 1.00 X 0 0 0 FRANK NEUNER DIRECTOR 1.00 X 0 0 0 MICHAEL NICAUD DIRECTOR 1.00 X 0 0 0 JOHN OVERTON DIRECTOR 1.00 X 0 0 0 RELDON OWENS DIRECTOR 1.00 X 0 0 0 FEDERICK PALMER DIRECTOR 1.00 X 0 0 0 AJAY PATEL DIRECTOR 1.00 X 0 0 0 TODD PERRY DIRECTOR 1.00 X 0 0 0 SCOTT POOLE DIRECTOR 1.00 X 0 0 0 E FREDERICK PREIS JR DIRECTOR 1.00 X 0 0 0 ARTHUR PRICE DIRECTOR 1.00 X 0 0 0 WYNN RADFORD DIRECTOR 1.00 X 0 0 0 JENNIFER RIES DIRECTOR 1.00 X 0 0 0 KENNETH ROSS DIRECTOR 1.00 X 0 0 0 PHILLIP ROZEMAN DIRECTOR 1.00 X 0 0 0 MEAGAN SHIELDS DIRECTOR 1.00 X 0 0 0 NATHALIE SIMON DIRECTOR 1.00 X 0 0 0 CHRISTEL SLAUGHTER VICE CHAIRMAN 1.00 X X 0 0 0 DANA STUMPF DIRECTOR 1.00 X 0 0 0 EDGARDO TENREIRO DIRECTOR 1.00 X 0 0 0 AMY THIBODEAUX DIRECTOR 1.00 X 0 0 0 STEPHEN TOUPS DIRECTOR 1.00 X 0 0 0 KELLI TROUTMAN DIRECTOR 1.00 X 0 0 0 DR STEVE UDVARHELYI DIRECTOR 1.00 X 0 0 0 MICHAEL UFFMAN DIRECTOR 1.00 X 0 0 0 DR RICHARD VATH DIRECTOR 1.00 X 0 0 0 SHAWN USHER DIRECTOR 1.00 X 0 0 0 RUSTY VINCENT DIRECTOR 1.00 X 0 0 0 KRISTEN WALL DIRECTOR 1.00 X 0 0 0 JOHN WALTERS DIRECTOR 1.00 X 0 0 0 ROBERT WEBB DIRECTOR 1.00 X 0 0 0 PETER WILSON DIRECTOR 1.00 X 0 0 0 WILLIAM WINDHAM DIRECTOR 1.00 X 0 0 0 ROBERT YARBOROUGH DIRECTOR 1.00 X 0 0 0 JOSEPH ZANCO DIRECTOR 1.00 X 0 0 0 WAYNE FONTANA DIRECTOR 1.00 X 0 0 0 LAUREN GIBBS DIRECTOR 1.00 X 0 0 0 STEPHEN WAGUESPACK PRESIDENT 40.00 X 526353 0 51217 WANDA ALLPHIN VICE PRESIDENT, FINANCE 40.00 X 127310 0 23522 JAMES PATTERSON VICE CHAIRMAN 40.00 X 128419 0 16403 COURTNEY BAKER EMPLOYEE 40.00 X 137221 0 16353 JOHN STAPLES EMPLOYEE 40.00 X 115179 0 6533 1034482 0 114028 5 0 1 0 0 1038824 266583 1305407 MEMBERSHIP DUES 900099 1241341 1241341 CONFERENCES & SEMINARS 611430 359073 359073 1600414 24163 24163 41800 46701 -4901 -4901 -4901 ADMINISTRATIVE REIMBUR 561000 561833 561833 MAGAZINE REVENUE 323100 154323 154323 SPONSORSHIP INCOME 900099 13651 13651 729807 3654890 2175898 154323 19262 653663 1467904 44739 180220 129686 12018 36945 5997 219892 80776 37929 83216 185473 25447 200857 38998 REPAIRS AND MAINTENANCE 64531 DUES 16605 3484896 300615 291060 153573 13606 1478 3830 7748469 691017 7241140 7057452 886889 760203 560357 549070 9144052 8675221 77206 87594 1600000 700000 1677206 787594 X 7466846 7887627 7466846 7887627 9144052 8675221 X 169994 -37926 288713 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1241341 247430 247430 248268 -838 900000 900000 6050681 332779 5717902 797788 358238 439550 7057452 INVESTMENT IN LABI SERVICE CORPORAT 396103 C INVESTMENT IN LABI FOUNDATION, INC. 152967 C 549070 X PART X, LINE 2: LOUISIANA ASSOCIATION OF BUSINESS AND INDUSTRY (LABI) HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. LABI SERVICE CORPORATION, ITS WHOLLY OWNED SUBSIDIARY, IS TAXED AS A CORPORATION. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. IF THE COMPANY WERE TO INCUR AN INCOME TAX LIABILITY IN THE FUTURE, INTEREST ON ANY INCOME TAX LIABILITY WOULD BE REPORTED AS INTEREST EXPENSE, AND PENALTIES ON ANY INCOME TAX WOULD BE REPORTED AS INCOME TAXES. MANAGEMENT'S CONCLUSIONS REGARDING UNCERTAIN TAX POSITIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED ON ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF AS WELL AS OTHER FACTORS. X 1 1 X X X 0 0 0 STEPHEN WAGUESPACK PRESIDENT 526353 0 0 0 0 0 19500 0 31717 0 577570 0 0 0 COURTNEY BAKER EMPLOYEE 137221 0 0 0 0 0 6385 0 9968 0 153574 0 0 0 WANDA ALLPHIN VICE PRESIDENT, FINANCE 127310 0 0 0 0 0 6800 0 16722 0 150832 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LABI IS A NOT-FOR-PROFIT CORPORATION WITH MEMBERS WHICH ALL HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF LABI ARE ALLOWED TO VOTE IN THE ELECTION OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS MAY BE AMENDED AT ANY MEETING OF THE CORPORATION BY A MAJORITY VOTE OF THE MEMBERS PRESENT OR REPRESENTED BY PROXY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT AND VICE-PRESIDENT OF FINANCE OF THE ORGANIZATION BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES THAT ALL BOARD MEMBERS AND EMPLOYEES DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST TO THEIR IMMEDIATE MANAGER, THE LABI PRESIDENT, OR THE LABI CHAIRMAN OF THE BOARD FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A VOLUNTEER PERSONNEL COMMITTEE APPOINTED BY THE CHAIRMAN OF THE BOARD. THIS COMMITTEE MAKES RECOMMENDATIONS FOR THE COMPENSATION CHANGES TO THE PRESIDENT'S COMPENSATION FOR VOTE BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. ADDITIONALLY, THE PERSONNEL COMMITTEE MAKES RECOMMENDATIONS FOR BUDGETED EMPLOYEE COMPENSATION AND BENEFITS ANNUALLY TO THE EXECUTIVE BOARD FOR APPROVAL. THE PERSONNEL COMMITTEE ALSO REVIEWS MATERIAL CHANGES IN ALL COMPENSATION AND BENEFIT MATTERS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: INCOME FROM SUBSIDIARY 137,506. INCOME FROM SUBSIDIARY - LABI FDN 151,207. PART XII, LINE 1 THE ORGANIZATION PREPARES ITS FINANCIAL STATEMENTS ON THE MODIFIED CASH BASIS OF ACCOUNTING WHEREBY REVENUES AND RELATED ASSETS ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED, AND EXPENSES ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED. THE ORGANIZATION RECOGNIZED DEPRECIATION EXPENSE ON A STRAIGHT-LINE BASIS OVER THE LIFE OF THE RELATED ASSET. PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS FROM THE PRIOR YEARS. EASTPAC 3113 VALLEY CREEK DR BATON ROUGE LA 70808 721133851 TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICE LA 527 N/A 0 WESTPAC 3113 VALLEY CREEK DR BATON ROUGE LA 70808 721133848 TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICE LA 527 N/A 0 NORTHPAC 3113 VALLEY CREEK DR BATON ROUGE LA 70808 721133849 TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICE LA 527 N/A 0 SOUTHPAC 3113 VALLEY CREEK DR BATON ROUGE LA 70808 721133846 TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICE LA 527 N/A 0 LABI FOUNDATION 500 MAIN STREET BATON ROUGE LA 70801 464858854 TO PARTNER WITH BUSINESS LEADERS TO MAXIMIZE LOUISIANA'S ECONOMIC POTENTIAL LA 501(C)(3) N/A 0 LABI SERVICE CORPORATION 3113 VALLEY CREEK DR BATON ROUGE LA 70808 721021893 PUBLICATIONS,SEMINARS, & SPONSORS A GROUP HEALTH INS PROGRAM LA LOUISIANA ASSOCIATION OF BUSINESS AND INDUSTRY C 137506 399955 1.00000 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 LABI SERVICE CORPORATION Q 561833 CASH RECEIVED LABI SERVICE CORPORATION F 300000 CASH RECEIVED (DIVIDEND) LABI SERVICE CORPORATION D 3830 CASH DISBURSED LABI FOUNDATION C 39000 CASH RECEIVED LABI FOUNDATION E 12929 CASH RECEIVED