LOUISIANA ASSOCIATION OF BUSINESS AND INDUSTRY: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
LOUISIANA ASSOCIATION OF BUSINESS AND INDUSTRY (EIN 72-0780313)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-09-14
IRS object ID
202122579349300912
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-09-14T09:20:06-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN720464428PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HAWTHORN WAYMOUTH & CARROLL LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18545 UNITED PLAZA BLVD - NO 200AddressLine1Txt
CityBATON ROUGECityNm
State AbbreviationLAStateAbbreviationCd
ZIP708099982ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN720780313EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LOUISIANA ASSOCIATION OF BUSINESS ANDBusinessNameLine1Txt
Business Name Line2INDUSTRYBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLOUIBusinessNameControlTxt
Phone2259285388PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 MAIN STREETAddressLine1Txt
CityBATON ROUGECityNm
State AbbreviationLAStateAbbreviationCd
ZIP70801ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEPHEN M WAGUESPACKPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2259285388PhoneNum
Signature2021-09-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSTEPHENPersonFirstNm
Person LastWAGUESPACKPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHARLES R PEVEYPreparerPersonNm
PTINP00103577PTIN
Phone2259233000PhoneNum
Preparation2021-09-14PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSTEPHEN M WAGUESPACKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 MAIN STREETAddressLine1Txt
CityBATON ROUGECityNm
State AbbreviationLAStateAbbreviationCd
ZIP70801ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,282,629GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.LABI.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1975FormationYr
Legal Domicile StateLALegalDomicileStateCd
Activity Or MissionTO IMPROVE THE BUSINESS CLIMATE OF LOUISIANAActivityOrMissionDesc
Voting Members Governing Body99VotingMembersGoverningBodyCnt
Voting Members Independent99VotingMembersIndependentCnt
Total Employee24TotalEmployeeCnt
Total Volunteers680TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$740,721PYContributionsGrantsAmt
CY Contributions Grants$1,537,638CYContributionsGrantsAmt
PY Program Service Revenue$2,155,441PYProgramServiceRevenueAmt
CY Program Service Revenue$1,824,480CYProgramServiceRevenueAmt
PY Investment Income$45,100PYInvestmentIncomeAmt
CY Investment Income$27,207CYInvestmentIncomeAmt
PY Other Revenue$699,185PYOtherRevenueAmt
CY Other Revenue$610,882CYOtherRevenueAmt
PY Total Revenue$3,640,447PYTotalRevenueAmt
CY Total Revenue$4,000,207CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,544,463PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,439,154CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$820,293PYOtherExpensesAmt
CY Other Expenses$762,309CYOtherExpensesAmt
PY Total Expenses$3,364,756PYTotalExpensesAmt
CY Total Expenses$3,201,463CYTotalExpensesAmt
PY Revenues Less Expenses$275,691PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$798,744CYRevenuesLessExpensesAmt
Total Assets BOY$6,493,543TotalAssetsBOYAmt
Total Assets EOY$9,144,052TotalAssetsEOYAmt
Total Liabilities BOY$67,742TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,677,206TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$6,425,801NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,466,846NetAssetsOrFundBalancesEOYAmt
MissionTO 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 PROCESSESMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescISSUE 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.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document18IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee24EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members99GoverningBodyVotingMembersCnt
Independent Voting Member99IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2259285388PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 MAIN STREETAddressLine1Txt
CityBATON ROUGECityNm
State AbbreviationLAStateAbbreviationCd
ZIP70801ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (100 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
TIM STINE
DIRECTOR1.00Yes (X)Yes (X)$0$0$0
SONIA PEREZ
IMMEDIATE PAST CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
TERRY BAUGH
VICE CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
TOM O'NEAL
CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
ART FARVE
DIRECTOR1.00Yes (X)Yes (X)$0$0$0
JEFF ALBRIGHT
DIRECTOR1.00Yes (X)$0$0$0
ROBERT ANGELICO
DIRECTOR1.00Yes (X)$0$0$0
JOE ARROYO
DIRECTOR1.00Yes (X)$0$0$0
JAMES BABST
DIRECTOR1.00Yes (X)$0$0$0
SCOTT BALLARD
DIRECTOR1.00Yes (X)$0$0$0
BOBBY BAROUSSE
DIRECTOR1.00Yes (X)$0$0$0
ANGELA ZERINGUE
DIRECTOR1.00Yes (X)$0$0$0
BOB BARTON
DIRECTOR1.00Yes (X)$0$0$0
ADRIANEE BAUMGARTNER
DIRECTOR1.00Yes (X)$0$0$0
ANDREE BEGNEAUD
DIRECTOR1.00Yes (X)$0$0$0
JILL BENOIT
DIRECTOR1.00Yes (X)$0$0$0
ROBERT S BOH
DIRECTOR1.00Yes (X)$0$0$0
AYRES BRADFORD
DIRECTOR1.00Yes (X)$0$0$0
JAMES B BULLIARD
DIRECTOR1.00Yes (X)$0$0$0
JH CAMPBELL
DIRECTOR1.00Yes (X)$0$0$0
KIM CARVER
DIRECTOR1.00Yes (X)$0$0$0
EMILE CORDARO
DIRECTOR1.00Yes (X)$0$0$0
TOM COX
DIRECTOR1.00Yes (X)$0$0$0
KIM CUSIMANO
DIRECTOR1.00Yes (X)$0$0$0
NICOLE DAIGLE
DIRECTOR1.00Yes (X)$0$0$0
ERIC DANOS
DIRECTOR1.00Yes (X)$0$0$0
JASON DECUIR
DIRECTOR1.00Yes (X)$0$0$0
JOHN DOGGETT
DIRECTOR1.00Yes (X)$0$0$0
JOHN DONAHUE
DIRECTOR1.00Yes (X)$0$0$0
KEITH P DUET
DIRECTOR1.00Yes (X)$0$0$0
MICHAEL EASON
DIRECTOR1.00Yes (X)$0$0$0
LAVELLE EDMONSON
DIRECTOR1.00Yes (X)$0$0$0
RONALD EVANS
DIRECTOR1.00Yes (X)$0$0$0
MERYL KENNEDY FARR
DIRECTOR1.00Yes (X)$0$0$0
TOMMY FAUCHEAX
DIRECTOR1.00Yes (X)$0$0$0
CASSIE FELDER
DIRECTOR1.00Yes (X)$0$0$0
COURTNEY A FENET JR
DIRECTOR1.00Yes (X)$0$0$0
WILLIAM FENSTERMAKER
DIRECTOR1.00Yes (X)$0$0$0
JOHN J FINAN JR
DIRECTOR1.00Yes (X)$0$0$0
WAYNE J FONTANA
DIRECTOR1.00Yes (X)$0$0$0
WILLIAM FONTENOT
DIRECTOR1.00Yes (X)$0$0$0
FELICIA FREDERICK
DIRECTOR1.00Yes (X)$0$0$0
DAVID GAINES
DIRECTOR1.00Yes (X)$0$0$0
RYAN GIROUARD
DIRECTOR1.00Yes (X)$0$0$0
LANE GRIGSBY
DIRECTOR1.00Yes (X)$0$0$0
GEORGE H GUIDRY JR
DIRECTOR1.00Yes (X)$0$0$0
RICHARD GUILLORY
DIRECTOR1.00Yes (X)$0$0$0
JAY GUILLOT
DIRECTOR1.00Yes (X)$0$0$0
MIKE HALL
DIRECTOR1.00Yes (X)$0$0$0
BRYAN HANKS
DIRECTOR1.00Yes (X)$0$0$0
CHRIS HASKEW
DIRECTOR1.00Yes (X)$0$0$0
DAVID HUVAL
DIRECTOR1.00Yes (X)$0$0$0
BRYAN JONES
DIRECTOR1.00Yes (X)$0$0$0
STEVE JORDAN
DIRECTOR1.00Yes (X)$0$0$0
CHRISTOPHER KINSEY
DIRECTOR1.00Yes (X)$0$0$0
RAYMOND LASSEIGNE
DIRECTOR1.00Yes (X)$0$0$0
JAMEY LEBLANC
DIRECTOR1.00Yes (X)$0$0$0
SANDRA LINDQUIST
DIRECTOR1.00Yes (X)$0$0$0
MELISSA MANN
DIRECTOR1.00Yes (X)$0$0$0
MARTIN MAYER
DIRECTOR1.00Yes (X)$0$0$0
JUDE MELVILLE
TREASURER1.00Yes (X)Yes (X)$0$0$0
PATRICK MOCKLER
DIRECTOR1.00Yes (X)$0$0$0
JESSICA MONROE
DIRECTOR1.00Yes (X)$0$0$0
DANNY MONTELARO
DIRECTOR1.00Yes (X)$0$0$0
JODY MONTELARO
DIRECTOR1.00Yes (X)$0$0$0
SPENCER MURPHY
DIRECTOR1.00Yes (X)$0$0$0
MARK MYRTUE
DIRECTOR1.00Yes (X)$0$0$0
JENNIFER NEIL
DIRECTOR1.00Yes (X)$0$0$0
JOHN OVERTON
DIRECTOR1.00Yes (X)$0$0$0
RELDON OWENS
DIRECTOR1.00Yes (X)$0$0$0
FEDERICK PALMER
DIRECTOR1.00Yes (X)$0$0$0
TODD PERRY
DIRECTOR1.00Yes (X)$0$0$0
SCOTT POOLE
DIRECTOR1.00Yes (X)$0$0$0
E FREDERICK PREIS JR
DIRECTOR1.00Yes (X)$0$0$0
ARTHUR PRICE
DIRECTOR1.00Yes (X)$0$0$0
WYNN RADFORD
DIRECTOR1.00Yes (X)$0$0$0
JENNIFER RIES
DIRECTOR1.00Yes (X)$0$0$0
JAMES ROGERS III
DIRECTOR1.00Yes (X)$0$0$0
KENNETH ROSS
DIRECTOR1.00Yes (X)$0$0$0
GORDON ROUNTREE
DIRECTOR1.00Yes (X)$0$0$0
PHILLIP ROZEMAN
DIRECTOR1.00Yes (X)$0$0$0
MEAGAN SHIELDS
DIRECTOR1.00Yes (X)$0$0$0
NATHALIE SIMON
DIRECTOR1.00Yes (X)$0$0$0
CHRISTEL SLAUGHTER
SECRETARY1.00Yes (X)Yes (X)$0$0$0
DANA STUMPF
DIRECTOR1.00Yes (X)$0$0$0
STEPHEN TOUPS
DIRECTOR1.00Yes (X)$0$0$0
KELLI TROUTMAN
DIRECTOR1.00Yes (X)$0$0$0
SHAWN USHER
DIRECTOR1.00Yes (X)$0$0$0
RUSTY VINCENT
DIRECTOR1.00Yes (X)$0$0$0
KRISTEN WALL
DIRECTOR1.00Yes (X)$0$0$0
ROBERT WEBB
DIRECTOR1.00Yes (X)$0$0$0
PETER WILSON
DIRECTOR1.00Yes (X)$0$0$0
WILLIAM WINDHAM
DIRECTOR1.00Yes (X)$0$0$0
ROBERT YARBOROUGH
DIRECTOR1.00Yes (X)$0$0$0
JOSEPH ZANCO
DIRECTOR1.00Yes (X)$0$0$0
STEPHEN WAGUESPACK
PRESIDENT40.00Yes (X)$506,853$0$67,592
WANDA ALLPHIN
VICE PRESIDENT, FINANCE40.00Yes (X)$114,391$0$28,832
JAMES PATTERSON
VICE CHAIRMAN40.00$111,925$0$21,200Yes (X)
COURTNEY BAKER
EMPLOYEE40.00$118,249$0$21,283Yes (X)
JOHN STAPLES
EMPLOYEE40.00$103,171$0$9,116Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$954,589TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$148,023TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Related Organizations$700,000RelatedOrganizationsAmt
All Other Contributions$837,638AllOtherContributionsAmt
Total Contributions$1,537,638TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES900099$1,511,437$1,511,437
CONFERENCES & SEMINARS611430$313,043$313,043
FieldValueIRS element (for citing)
Total Program Service Revenue$1,824,480TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$27,207TotalRevenueColumnAmt
Exclusion$27,207ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$30,750RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$19,459RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$11,291RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,291TotalRevenueColumnAmt
Exclusion$11,291ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$262,963SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$262,963SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescADMINISTRATIVE REIMBURDesc
Business561000BusinessCd
Total Revenue Column$596,720TotalRevenueColumnAmt
Related Or Exempt Func Income$596,720RelatedOrExemptFuncIncomeAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,871TotalRevenueColumnAmt
Related Or Exempt Func Income$2,871RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$599,591OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,000,207TotalRevenueColumnAmt
Related Or Exempt Func Income$2,424,071RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$38,498ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$621,244TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,419,631TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$115,459TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$157,214TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$125,606TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,500TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$9,100TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$8,036TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$144,514TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$93,199TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$93,478TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$40,084TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$172,720TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$22,878TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$95,004TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$35,596TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmt
REPAIRS AND MAINTENANCE$19,558
DUES$14,642
FREE ENTERPRISE EXPENSE$10,000

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,201,463TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$325,827BOYAmt
EOY$300,615EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,210,888BOYAmt
EOY$153,573EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,214BOYAmt
EOY$1,478EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$7,684,599LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$443,459LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,508,400BOYAmt
EOY$7,241,140EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$788,830BOYAmt
EOY$886,889EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$656,384BOYAmt
EOY$560,357EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,493,543BOYAmt
EOY$9,144,052EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$67,742BOYAmt
EOY$77,206EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,600,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$67,742BOYAmt
EOY$1,677,206EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,425,801BOYAmt
EOY$7,466,846EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,425,801BOYAmt
EOY$7,466,846EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,493,543BOYAmt
EOY$9,144,052EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$798,744ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$38,330NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$203,971OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting OtherYes (X)MethodOfAccountingOtherInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd
Dues Assessments$1,511,437DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$301,825NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$301,825NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$302,288AggregateReportedDuesNtcAmt
Taxable-$463TaxableAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$900,000OtherCostOrOtherBasisAmt
Book Value$900,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,013,540OtherCostOrOtherBasisAmt
Depreciation$177,477DepreciationAmt
Book Value$5,836,063BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$771,059OtherCostOrOtherBasisAmt
Depreciation$265,982DepreciationAmt
Book Value$505,077BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$7,241,140TotalBookValueLandBuildingsAmt

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

FieldValueIRS element (for citing)
Book Value$560,357BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$560,357TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationLOUISIANA 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonSTEPHEN WAGUESPACKPersonNm
TitlePRESIDENTTitleTxt
Base Compensation Filing Org$506,853BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$35,540DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$32,052NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$574,445TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6LABI 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 7AALL MEMBERS OF LABI ARE ALLOWED TO VOTE IN THE ELECTION OF MEMBERS OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION A, LINE 7BTHE 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 11BFORM 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 12CTHE 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 15THE 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 18THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9:ROUNDING -1. INCOME FROM SUBSIDIARIES 203,972.
PART XII, LINE 1THE 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 2CTHE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS FROM THE PRIOR YEARS.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
EASTPAC
3113 VALLEY CREEK DRBATON ROUGELA70808721133851TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICELA527N/A0
WESTPAC
3113 VALLEY CREEK DRBATON ROUGELA70808721133848TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICELA527N/A0
NORTHPAC
3113 VALLEY CREEK DRBATON ROUGELA70808721133849TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICELA527N/A0
SOUTHPAC
3113 VALLEY CREEK DRBATON ROUGELA70808721133846TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICELA527N/A0
LABI FOUNDATION
500 MAIN STREETBATON ROUGELA70801464858854TO PARTNER WITH BUSINESS LEADERS TO MAXIMIZE LOUISIANA'S ECONOMIC POTENTIALLA501(C)(3)N/A0

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1LABI SERVICE CORPORATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13113 VALLEY CREEK DRAddressLine1Txt
CityBATON ROUGECityNm
State AbbreviationLAStateAbbreviationCd
ZIP70808ZIPCd
FieldValueIRS element (for citing)
EIN721021893EIN
Primary ActivitiesPUBLICATIONS,SEMINARS, & SPONSORS A GROUP HEALTH INS PROGRAMPrimaryActivitiesTxt
Legal Domicile StateLALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1LOUISIANA ASSOCIATION OF BUSINESS AND INDUSTRYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income$257,136ShareOfTotalIncomeAmt
Share Of EOY Assets$560,078ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related OrganizationYes (1)DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
LABI SERVICE CORPORATION
Q$596,720CASH RECEIVED
LABI SERVICE CORPORATION
F$300,000CASH RECEIVED (DIVIDEND)
LABI FOUNDATION
C$700,000CASH RECEIVED

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