2021-09-14T09:18:41-05:00 2020-12-31 720464428 Hawthorn Waymouth & Carroll LLP 8545 United Plaza Blvd - No 200 Baton Rouge LA 708099982 990 2020-01-01 464858854 LABI Foundation LABI 2259285388 500 Main Street Baton Rouge LA 70801 Maura Donahue President 2259285388 2021-09-14 1 Maura Donahue 999009999 Charles R Pevey P00103577 2259233000 2021-09-13 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Maura Donahue 500 Main Street Baton Rouge LA 70801 693092 0 X N/A X 2014 LA To partner with business leaders to educate and help deliver successful strategies to maximize Louisiana's economic potential by offering educational materials and programs on areas of importance in Louisiana. 4 4 0 15 0 0 58000 693092 0 0 0 0 0 0 58000 693092 0 700000 0 0 0 0 0 0 0 4575 46256 4575 746256 53425 -53164 54924 1760 0 0 54924 1760 To partner with business leaders to educate and help deliver successful strategies to maximize Louisiana's economic potential by offering educational materials and programs on areas of importance in Louisiana. 0 0 700000 700000 To aid in the renovation of a facility that will allow LABI Foundation to host numerous education events open to businesses and the public. 700000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X THE ORGANIZATION 2259285388 500 Main Street BATON ROUGE LA 70801 X Maura Donahue President 1.00 X X 0 0 0 Reldon Owens Vice President 1.00 X X 0 0 0 Clay Allen Treasurer 1.00 X X 0 0 0 Christopher Kinsey Director 1.00 X 0 0 0 0 0 0 0 0 0 0 0 693092 693092 693092 0 0 0 700000 700000 575 575 30500 30500 15000 15000 Bank Fees 166 166 Dues 15 15 746256 700000 46256 0 54924 1760 54924 1760 0 0 X 54924 1760 54924 1760 54924 1760 -53164 0 X X 0 1 X 1 0 X 731449 165000 475 58000 693092 1648016 731449 165000 475 58000 693092 1648016 739872 908144 25000 25000 1673016 0.54280 0.97450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X Part X, Line 2: LABI Foundation has been recognized by the Internal Revenue Service as exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Management has determined that there are no uncertain tax positions that would require recognition in the financial statements. If LABI Foundation was 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. 1 Louisiana Association of Business and Industry 500 Main Street Baton Rouge LA 70801 720780313 501(c)(6) 700000 Cash To aid in the renovation of a facility that will house numerous education events. 1 Part I, Line 2: The LABI Foundation supported the LABI Capital Campaign to raise funds to renovate a permanent office headquarters. By supporting the campaign, LABI Foundation will have access to the Conference Center and meeting spaces to help educate and promote economic development. The Foundation received progress reports on the renovation costs and its Board made periodic visits to the renovation facility. Form 990, Part VI, Section A, line 3 LABI Foundation delegated management duties to the staff of Louisiana Association of Business and Industry. Form 990, Part VI, Section B, line 11b A copy of the Form 990 was provided to the organization's governing body before being filed. Form 990, Part VI, Section B, line 12c In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. Form 990, Part VI, Section C, line 18 LABI Foundation makes its Forms 1023 and 990 available for public inspection upon request. Form 990, Part VI, Section C, line 19 LABI Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XII, Line 1: The organization prepares its financial statements using the modified cash basis method of accounting. Revenue is recognized when cash is received and expenses are incurred when cash is disbursed. Form 990, Part XII, Line 2c: The oversight and selection process used to select the independent accountant did not change from the previous year. Louisiana Association of Business and Industry 500 Main Street Baton Rouge LA 70801 720780313 Membership organization LA 501(c)(6) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Louisiana Association of Business and Industry B 700000 Cash Disbursed