2017-07-31T09:11:26-05:00 2016-12-31 720464428 Hawthorn Waymouth & Carroll LLP 8555 United Plaza Blvd - No 200 Baton Rouge LA 708099982 990 2016-01-01 464858854 LABI Foundation LABI 2259285370 3113 Valley Creek Drive Baton Rouge LA 70808 Maura Donahue President 2259285370 2017-07-31 1 Charles R Pevey P00103577 2259233000 2017-07-31 X 64.238.236.82 2017-07-31 09:11:30 CD P 278895DD1BD64ADF6EF2C8F72BC3394FA287CEB7 24DB9DB9FCC50DF6D5BCD28EC401C9A4340FDFD0 2016 2021-01-29 14:40:06Z Maura Donahue 3113 Valley Creek Drive Baton Rouge LA 70808 756449 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 4 0 0 0 731449 0 25000 0 0 0 0 0 756449 0 614755 0 0 0 0 0 0 0 0 22028 0 636783 0 119666 0 119666 0 0 0 119666 X 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. 1 0 614755 614755 The small business relief fund was established to aid local businesses with flood recovery costs. 20880 25000 - Sponsoring and working with other nonprofits to develop and co-sponsor products and events, such as policy-specific summits, to educate the citizens on policy issues impacting the state. The criminal justice reform summit was a conference to discuss issues surrounding the criminal justice system in Louisiana. 635635 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 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 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 2259285370 3113 Valley Creek Drive Baton Rouge LA 70808 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 197600 533849 731449 Conference Income 900099 25000 25000 25000 756449 25000 0 0 614755 614755 20880 20880 Bank Fees 1148 1148 636783 635635 1148 0 119666 0 119666 0 0 X 7856 111810 0 119666 0 119666 119666 0 X X 0 1 X 1 0 X 731449 731449 731449 731449 731449 25000 25000 756449 0.96700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 756449 0 756449 0 756449 636783 0 636783 0 636783 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 Disaster Recovery Assistance 113 614755 Part I, Line 2: As a response to the August 2016 floods in Baton Rouge, LA, LABI Foundation provided small businesses with flood relief grants to aid in the recovery effort. Businesses would donate funds to LABI Foundation, who in turn would disburse a controlled amount of funds to affected businesses, determined through an application process. An independent review panel reviewed all applicants and determined award amounts, ranging between $2,500 and $10,000. LABI Foundation performed all due diligence to ensure that each applicant receiving grant funds was affected by the floods. Form 990, Part III, line 2 LABI Foundation created the Small Business Relief Fund in response to the August 2016 flooding in Baton Rouge, LA. LABI Foundation received donations from several local and national organizations and distributed the funds in the form of grants to local businesses to aid with the relief and reconstruction effort. An independent review panel reviewed applications from affected businesses seeking aid and determined award amounts. LABI Foundation performed all due diligence to ensure that each applicant receiving grant funding was affected by the flooding. 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 3113 Valley Creek Drive Baton Rouge LA 70808 720780313 Membership organization LA 501(c)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Louisiana Association of Business and Industry N 0 Cash Payments Louisiana Association of Business and Industry O 0 Cash Payments