2018-02-07T09:20:56-06:00 2017-06-30 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2016-07-01 721295979 L S U PROPERTY FOUNDATION LSUP 2255783811 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 GINA M DUGAS TREASURER 2255784341 2018-02-05 1 RALPH STEPHENS P00638118 2259224600 206.124.204.139 2018-02-05 10:57:08 CS P D479E9802E06B6741CBA905899563F2D8529DA2F 4A63F3D888FE861D3BBDBFCC19E760BB1EFB6896 2016 2021-01-29 14:40:06Z GINA DUGAS 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 11414702 0 X WWW.LSUFOUNDATION.ORG X 1995 LA FOSTER PRIVATE FINANCIAL SUPPORT VIA GIFTS OF REAL ESTATE AND EQUIPMENT FOR LSU AND THE LSU AGRICULTURAL CENTER. 11 11 0 11 0 0 10618632 5901870 0 0 0 0 0 5512832 10618632 11414702 777969 42939 0 0 0 0 0 0 125025 1138265 7919866 1916234 7962805 8702398 3451897 11873490 14851080 1613041 1138733 10260449 13712347 THE MISSION OF THE LSU PROPERTY FOUNDATION IS TO FOSTER PRIVATE FINANCIAL SUPPORT VIA GIFTS OF REAL ESTATE AND MOVEABLE PROPERTY, AS WELL AS, FACILITATE PROJECTS ON BEHALF OF LSU AND THE LSU AGRICULTURAL CENTER. 0 0 42939 42939 CONSTRUCTION/RENOVATION OF ADMISSIONS & RECRUITING CENTER: PHASE I OF THE ADMISSIONS AND RECRUITING CENTER WAS THE RELOCATION OF THE MATH LAB FROM PLEASANT HALL TO MIDDLETON LIBRARY. 245005 PRE-DEVELOPMENT EXPENDITURES RELATED TO THE NICHOLSON GATEWAY PROJECT, WHICH CONSISTS MAINLY OF PROFESSIONAL SERVICES. THE NICHOLSON GATEWAY PROJECT WILL PROVIDE HOUSING FOR UPPER-CLASS AND GRADUATE STUDENTS AND PROVIDE A VARIETY OF STUDENT-CENTRIC RETAIL. 370 OTHER EXPENDITURES: THE REMAINDER OF FUNCTIONAL EXPENSES RELATE PREDOMINATELY TO MISCELLANEOUS EXPENSES. 288314 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X LSU FOUNDATION CO GINA M DUGAS 2255783811 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 GARY L LABORDE DIRECTOR 0.05 0.50 X 0 0 0 LAURA DAUZAT DIRECTOR 0.05 2.00 X 0 0 0 WILLIAM FIRESHEETS II DIRECTOR 0.00 0.00 X 0 0 0 CLARENCE CAZALOT DIRECTOR 0.05 3.00 X 0 0 0 G LEE GRIFFIN DIRECTOR 0.00 0.20 X 0 0 0 FRANK W BILLY HARRISON III DIRECTOR 0.00 1.50 X 0 0 0 THE HONORABLE W HENSON MOORE DIRECTOR 0.00 0.00 X 0 0 0 D MARTIN PHILLIPS DIRECTOR 0.00 1.00 X 0 0 0 SEAN REILLY DIRECTOR 0.00 0.50 X 0 0 0 WILLIAM L SILVIA JR SECRETARY 0.10 1.00 X 0 0 0 GINA M DUGAS TREASURER 2.00 40.00 X 0 204520 13257 T CASS GAIENNIE PRESIDENT/IMMED PAST PRES 0.05 2.00 X 0 0 0 DANIEL T LAYZELL EXECUTIVE DIRECTOR 0.10 40.00 X 0 0 0 ROBERT STUART PRESIDENT 0.10 2.50 X 0 0 0 STEPHEN MORET EXECUTIVE DIRECTOR 0.10 40.00 X 0 355177 24336 0 559697 37593 0 0 1 0 B&DCSRS LLC 6767 PERKINS ROAD STE 200 BATON ROUGE LA 70808 CONSULTING 564516 BECKER & POLIAKOFF PA ONE EAST BROWARD BLVD STE 1800 FT LAUDERDALE FL 33301 LEGAL 206928 HOLDEN ARCHITECTSHKS A JOINT VENTURE 500 LAUREL STREET STE 500 BATON ROUGE LA 70801 ARCHITECTURAL DESIGN 169679 3 5901870 5901870 5512832 0 5512832 5512832 5512832 11414702 0 0 5512832 42939 42939 244663 244663 60 60 5000 5000 277 277 68494 68494 7065438 7065438 410019 410019 OFFICIAL FUNCTIONS 125025 125025 OTHER OPERATING EXPENSE 890 435 455 7962805 288314 7549466 125025 9798 20 158012 218386 13722440 410019 63300 13312421 11642380 1320253 11873490 14851080 871748 220372 741293 918361 1613041 1138733 X 4231755 6518914 6028694 7193433 10260449 13712347 11873490 14851080 X 3451897 1 X X 0 1 X 0 0 X 1645588 1615890 1674543 10618632 4349264 19903917 1645588 1615890 1674543 10618632 4349264 19903917 19903917 19903917 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63300 63300 13659140 410019 13249121 13312421 CONSTRUCTION IN PROGRESS 1320253 1320253 X PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE INCLUDED IN THE ACCOUNTING STANDARDS CODIFICATION (ASC). THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE RECORDED AT THE LARGEST AMOUNT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED. CHANGES IN THE RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE FOUNDATION HAS EVALUATED ITS POSITION REGARDING THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS. 1 LOUISIANA STATE UNIVERSITY 204 THOMAS BOYD HALL BATON ROUGE LA 70803 726000848 42939 TAX VALUE RENOVATION AND RELOCATION OF MATH LAB DONATION OF MATH LAB RENOVATION. 1 0 0 0 0 0 0 0 0 0 0 GINA M DUGAS TREASURER 0 196120 0 0 0 8400 0 8003 0 5254 0 217777 0 0 STEPHEN MORET EXECUTIVE DIRECTOR 0 341777 0 0 0 13400 0 12885 0 11451 0 379513 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER PROVIDES THE FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW AND SEEKS COMMENT AND FEEDBACK PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS COMPLETE A DISCLOSURE STATEMENT QUESTIONNAIRE ON AN ANNUAL BASIS IN WHICH THEY ARE ASKED TO PROVIDE INFORMATION ON ENTITIES IN WHICH THEY ARE BOARD MEMBERS, PARTNERS, OFFICERS, AND PRINCIPAL OWNERS. THE FOUNDATION GENERAL COUNSEL REVIEWS SUCH DISCLOSURE STATEMENTS FOR IDENTIFICATION OF CONFLICT. PRIOR TO EXECUTION OF ALL CONTRACTS, THE FOUNDATION REQUIRES THE VENDOR TO COMPLETE A DISCLOSURE STATEMENT LISTING THE PRINCIPALS FOR THE CONTRACT. THESE VENDOR DISCLOSURE STATEMENTS ARE COMPARED TO THE DISCLOSURES PROVIDED BY BOARD MEMBERS AND OFFICERS AND REVIEWED TO DETERMINE IF ANY POTENTIAL CONFLICTS OF INTEREST EXIST. GENERAL COUNSEL ADDRESSES ANY CONCERNS REGARDING CONFLICTS OF INTEREST WITH THE BOARD OF DIRECTORS. ADDITIONALLY, THE BOARD PERIODICALLY PERFORMS A DETAILED REVIEW OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE FILED WITH THE LOUISIANA SECRETARY OF STATE'S OFFICE AND ARE AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON LSU FOUNDATION'S WEBSITE. FORM 990, PART VI, QUESTION 15 SUPPLEMENTAL DISCLOSURE: LSU PROPERTY FOUNDATION DOES NOT HAVE ANY DIRECT EMPLOYEES. A RELATED ORGANIZATION, THE LSU FOUNDATION, DIRECTLY EMPLOYS AND FUNDS APPLICABLE SALARY EXPENSES RELATED TO STAFF ASSISTING WITH ADMINISTRATIVE FUNCTIONS OF THE LSU PROPERTY FOUNDATION. THE LSU FOUNDATION GATHERS EXTERNAL,INDEPENDENT SALARY SURVEYS OF EXECUTIVE COMPENSATION FOR RELEVANT PEER GROUPS. THE LSU FOUNDATION'S COMPENSATION COMMITTEE REVIEWS AND DISCUSSES THE SURVEYS IN CONJUNCTION WITH AN ANNUAL REVIEW OF COMPENSATION FOR OFFICERS. FORM 990, PART XI, LINE 9: ROUNDING 1. FORM 990, PART XII, LINE 2C: THE LSU PROPERTY FOUNDATION DOES NOT HAVE AN AUDIT COMMITTEE. HOWEVER, THE LSU PROPERTY FOUNDATION IS INCLUDED IN THE AUDITED CONSOLIDATED GAAP-BASIS FINANCIAL STATEMENTS WHICH INCORPORATE THE LSU FOUNDATION AND RELATED ORGANIZATIONS. THE LSU FOUNDATION BOARD OF DIRECTORS HAS AN AUDIT COMMITTEE WHOSE BOARD-APPROVED AUDIT COMMITTEE CHARTER PROVIDES, AMONG OTHER POWERS, OVERSIGHT BY THE AUDIT COMMITTEE OF THE EXTERNAL AUDIT OF THE FINANCIAL STATEMENTS AND COMMUNICATIONS WITH THE INDEPENDENT AUDITORS. LSU MUSEUM LLC 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 331026418 INVESTMENT IN SHAW CENTER FOR THE ARTS, LLC LA 0 0 N/A LSUPF GYM AND PERFORMING ARTS LLC 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 271533502 BAND AND CHOIR RENOVATIONS LA 105 0 N/A PERTT LAB LLC 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 272691553 CONSTRUCTION OF ENGINEERING LAB LA 105 0 N/A HILLTOP FACILITY LLC 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 273717136 CONSTRUCTION OF EDUC/ADMIN BUILDING AT HILLTOP ARBORETUM LA 65 0 N/A EQUINE LAMENESS UNIT LLC 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 453773575 TO CONSTRUCT A LAMENESS UNIT FOR EQUINES LA 65 0 N/A FOUNDATION OFFICE BUILDING LLC 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 461688177 CONSTRUCTION OF OFFICE BUILDING FOR LSU FOUNDATION LA 4167853 13467529 N/A NICHOLSON GATEWAY PROJECT LLC 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 812876283 DEVELOPMENT OF NICHOLSON GATEWAY PROJECT LA 5757839 0 ADMISSIONS AND RECRUITING CENTER LLC 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 474957981 RENOVATION OF ADMISSIONS AND RECRUITING CENTER LA 725870 688487 VETERANS CENTER LLC 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 821248973 CONSTRUCTION OF LSU VETERANS & MILITARY STUDENT CENTER & LSU MEMORIAL TOWER LA 637322 710587 LSU FOUNDATION 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 726020969 FOSTER PRIVATE FINANCIAL SUPPORT FOR LSU AND ITS RELATED CENTERS/COLLEGES LA 501(C)(3) LINE 5 N/A 0 LSU MARINE PROPERTY FOUNDATION 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 710865718 FOSTER SUPPORT VIA GIFTS OF MARINE VESSELS FOR LSU AND ITS RELATED CENTERS LA 501(C)(3) LINE 7 N/A 0 LSU REAL ESTATE AND FACILITIES FOUNDATION 3796 NICHOLSON DRIVE BATON ROUGE LA 70802 812900408 FOSTER SUPPORT VIA GIFTS OF REAL ESTATE FOR LSU AND ITS RELATED CENTERS LA 501(C)(3) LINE 7 N/A 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LSU FOUNDATION C 5901870 CASH LSU FOUNDATION N LSU FOUNDATION O LSU FOUNDATION E 918361 LOAN AMOUNT LSU FOUNDATION B 7065438 CASH