2016-02-15T00:00:00-06:00 2015-06-30 720398470 HEARD MCELROY & VESTAL LLC 333 TEXAS STREET SUITE 1525 SHREVEPORT LA 71101 990 2014-07-01 726021176 LOUISIANA TECH UNIVERSITY FOUNDATION INC LOUI 3182557950 POST OFFICE BOX 3183 TECH STATION RUSTON LA 71272 JACK E BYRD JR PRESIDENT 3182557950 2016-02-08 1 STEPHEN W CRAIG P01048220 3184291525 2016-02-04 2014 2016-08-17 19:52:53Z JACK E BYRD JR POST OFFICE BOX 3183 TECH STATION RUSTON LA 71272 25225734 0 X WWW.LATECHALUMNI.ORG/FOUNDATION X 1964 LA THE LOUISIANA TECH UNIVERSITY FOUNDATION WAS ORGANIZED TO SOLICIT, RECEIVE, HOLD, INVEST AND TRANSFER FUNDS FOR THE BENEFIT OF LOUISIANA TECH UNIVERSITY. THE FOUNDATION ALSO ASSISTS LOUISIANA TECH UNIVERSITY IN MEETING THE CRITERIA FOR ACCREDITATION AS OUTLINED BY THE COMMISSION ON COLLEGES FOR THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS. 59 59 2 0 0 0 16635920 12986701 0 0 1520469 1834012 2716339 1444855 20872728 16265568 9317201 8932399 0 0 1166177 1393163 0 0 1094110 14336688 2048047 24820066 12373609 -3947338 3891959 91809854 92400856 46319866 44119138 45489988 48281718 X THE LOUISIANA TECH UNIVERSITY FOUNDATION WAS ORGANIZED TO SOLICIT, RECEIVE, HOLD, INVEST AND TRANSFER FUNDS FOR THE BENEFIT OF LOUISIANA TECH UNIVERSITY. THE FOUNDATION ALSO ASSISTS LOUISIANA TECH UNIVERSITY IN MEETING THE CRITERIA FOR ACCREDITATION AS OUTLINED BY THE COMMISSION ON COLLEGES FOR THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS. 0 0 9313235 8932399 AMOUNTS EXPENDED FOR SCHOLARSHIPS, EQUIPMENT, SUPPLIES, FACILITIES, AND OTHER ITEMS THAT HELP PROMOTE, IMPROVE, OR SUSTAIN PROGRAMS OF LOUISIANA TECH UNIVERSITY. 9313235 1 1 0 0 0 0 0 0 0 1 1 1 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 1 0 0 0 0 1 0 0 0 1 66 0 2 1 0 0 0 0 0 0 0 0 0 0 X 59 59 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X X PAM GILLEY 3182257590 TECH DRIVE RUSTON LA 71272 X DONALD R UPDEGRAFF DIRECTOR 3.00 X 0 0 0 BENJAMIN L DENNY PAST PRESIDENT 4.00 X X 0 0 0 ELIZABETH E GREEN SECRETARY 3.00 X X 0 0 0 RUSSELL A NOLAN DIRECTOR 2.00 X 0 0 0 JACK E BYRD JR PRESIDENT 3.00 X X 0 0 0 INDIA CARROLL DIRECTOR 2.00 X 0 0 0 ROBERT KYLE DIRECTOR 2.00 X 0 0 0 JOHN E MAXWELL III DIRECTOR 2.00 X 0 0 0 DON MCGEHEE TREASURER 2.00 X X 0 0 0 TOM SINGLETARY DIRECTOR 2.00 X 0 0 0 JOHN E ALLEN JR DIRECTOR 2.00 X 0 0 0 STEVEN K DAVISON VICE PRESIDENT 3.00 X X 0 0 0 JAMES W ADAMS DIRECTOR 2.00 X 0 0 0 GEORGE A BALDWIN JR DIRECTOR 2.00 X 0 0 0 M GLEN BASSETT DIRECTOR 2.00 X 0 0 0 GEORGE E BREAZEAL DIRECTOR 2.00 X 0 0 0 DR WILLIAM S BUNDRICK DIRECTOR 2.00 X 0 0 0 JOHN D CARUTHERS JR DIRECTOR 2.00 X 0 0 0 DR ROBERT MACK CARUTHERS DIRECTOR 2.00 X 0 0 0 JOHN J CORDARO DIRECTOR 2.00 X 0 0 0 DAVID G DARLAND DIRECTOR 2.00 X 0 0 0 JAMES E DAVISON SR DIRECTOR 2.00 X 0 0 0 JAMES E DAVISON JR DIRECTOR 2.00 X 0 0 0 TRAVIS L DEFREESE DIRECTOR 2.00 X 0 0 0 CARRELL G DOWIES JR DIRECTOR 2.00 X 0 0 0 THOMAS J FOLK DIRECTOR 2.00 X 0 0 0 DR MARVIN T GREEN JR DIRECTOR 2.00 X 0 0 0 DR O JEAN HALL DIRECTOR 2.00 X 0 0 0 PATRICIA T HARPER DIRECTOR 2.00 X 0 0 0 CONSTANCE M HOWARD DIRECTOR 2.00 X 0 0 0 JERRY L HUDSON DIRECTOR 2.00 X 0 0 0 DR R GUTHRIE JARRELL DIRECTOR 2.00 X 0 0 0 JAMES L KILPATRICK DIRECTOR 2.00 X 0 0 0 JOHN J LONG DIRECTOR 2.00 X 0 0 0 JAMES C LOVE III DIRECTOR 2.00 X 0 0 0 DR JOHN E MAXWELL DIRECTOR 2.00 X 0 0 0 MICHAEL B MCCALLISTER DIRECTOR 2.00 X 0 0 0 AGNES C MILLER DIRECTOR 2.00 X 0 0 0 REBEKAH M NAPPER DIRECTOR 2.00 X 0 0 0 WILLIAM B NELSON JR DIRECTOR 2.00 X 0 0 0 DR VIRGIL ORR DIRECTOR 2.00 X 0 0 0 GLEN F POST III DIRECTOR 2.00 X 0 0 0 JOSEPH B PSALMONDS JR DIRECTOR 2.00 X 0 0 0 DR CAROL R RIDENOUR DIRECTOR 2.00 X 0 0 0 CHARLES E SPRUELL DIRECTOR 2.00 X 0 0 0 LEU F WILDER DIRECTOR 2.00 X 0 0 0 JULIE R WILKERSON DIRECTOR 2.00 X 0 0 0 RISDON E WOODARD JR DIRECTOR 2.00 X 0 0 0 PATSY S WOLFE DIRECTOR 2.00 X 0 0 0 ZELL V DUDLEY DIRECTOR 2.00 X 0 0 0 DANNY R GRAHAM DIRECTOR 2.00 X 0 0 0 JAY GUILLOT DIRECTOR 2.00 X 0 0 0 BILL HOGAN DIRECTOR 2.00 X 0 0 0 MARSHA T JABOUR DIRECTOR 2.00 X 0 0 0 TODD DAVISON DIRECTOR 2.00 X 0 0 0 RYAN KILPATRICK DIRECTOR 2.00 X 0 0 0 TOM O'NEAL DIRECTOR 2.00 X 0 0 0 TIM PETRUS DIRECTOR 2.00 X 0 0 0 JIMMY TERRILL DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 MICHAEL E WHITE 201 TREMONT DRIVE RUSTON LA 71270 HEAD BASKETBALL COACH 469854 SKIP HOLTZ 2168 LLANGELER RUSTON LA 71270 HEAD FOOTBALL COACH 325000 TERESA WEATHERSPOON PO BOX 874 PINELAND TX 75968 WOMEN'S HEAD BASKETBALL COACH BUYOUT 253297 JONES WALKER LLP 201 ST CHARLES AVE 50TH FLOOR NEW ORLEANS LA 70170 CONTRACTOR FOR LED VIDEO DISPLAY SYSTEM 157135 4 12986701 116307 12986701 667116 667116 9833562 293500 8720181 239985 1113381 53515 1166896 1166896 SERVICE CHARGES 900099 1189242 1189242 PATENT RESEARCH RECEIPTS 900099 187972 187972 MISC FEES AND RECEIPTS 900099 47406 46497 909 20235 20235 1444855 16265568 1443946 0 1834921 8932399 8932399 1390736 840957 549779 2427 2427 177833 177267 566 40000 40000 51 51 8126 2645 5481 14990 14990 2286 1707 579 169585 121265 48320 10497 10497 AUXILLARY EXPENSES 4627062 4627062 INSTRUCTIONAL SUPPORT 1922718 1922718 STUDENT FINANCIAL AID 1151211 1151211 GENERAL ADMINISTRATIVE 1023167 1023167 -7099479 -7618687 46725 472483 12373609 9313235 1966264 1094110 16660273 16589291 1330050 860756 3858690 2835187 4454596 3739757 875447 714839 37026300 40506141 31440655 30417147 618439 477495 91809854 92400856 90333 571678 3276265 2621012 2171991 1995069 40781277 38931379 46319866 44119138 X 3437663 3173115 17545092 15664859 24507233 29443744 45489988 48281718 91809854 92400856 3891959 -1100229 0 X X 0 1 X 1 0 X 10904826 12180784 13900909 16635920 12986701 66609140 10904826 12180784 13900909 16635920 12986701 66609140 14620335 51988805 510255 577479 591102 608137 667116 2954089 1855027 1330436 2886457 2716339 1458355 10246614 79809843 0.65140 0.64150 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2010 AMOUNT: $ 1,855,027. 2011 AMOUNT: $ 1,330,436. 2012 AMOUNT: $ 1,604,263. 2013 AMOUNT: $ 909,295. 2014 AMOUNT: $ 46,497. SERVICE CHARGES - 2012 AMOUNT: $ 992,765. 2013 AMOUNT: $ 911,893. 2014 AMOUNT: $ 1,189,242. CASH SURRENDER VALUE INCREASE - 2012 AMOUNT: $ 4,994. 2013 AMOUNT: $ 7,077. 2014 AMOUNT: $ 909. DUES MEMBERSHIPS - 2012 AMOUNT: $ 284,435. 2013 AMOUNT: $ 238,367. PATENT RESEARCH RECEIPTS - 2013 AMOUNT: $ 261,449. 2014 AMOUNT: $ 187,972. AGRICULTURE/FORESTRY RECEIPTS - 2013 AMOUNT: $ 216,919. 2014 AMOUNT: $ 20,235. ATHLETIC ACTIVITY RECEIPTS - 2013 AMOUNT: $ 171,339. GAIN ON SALE OF FIXED ASSETS - 2014 AMOUNT: $ 13,500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28510326 4935930 725521 1789311 32382465 25290665 2518193 2699961 1998493 28510326 20927254 3651146 1682531 970266 25290665 21139029 663759 398737 1274271 20927254 19640849 600579 2451342 1553741 21139029 0.91000 0.09000 0 0 136557 136557 4318039 3739757 578282 714839 OTHER SECURITIES - MMKTS, CDS, MUTUAL FUNDS 30417147 F 30417147 ACCRUED INTEREST PAYABLE 30078 ANNUITIES LIABILITY 174409 DUE TO LA TECH UNIVERSITY 38726892 38931379 X 15165339 -1100229 -1100229 16265568 0 16265568 12373609 0 12373609 0 12373609 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS, BUT THE FOUNDATION IS REQUIRED TO FILE AN ANNUAL INFORMATION TAX RETURN. THE FOUNDATION IS ALSO REQUIRED TO REVIEW VARIOUS TAX POSITIONS IT HAS TAKEN WITH RESPECT TO ITS EXEMPT STATUS AND TO DETERMINE WHETHER IN FACT IT IS A TAX EXEMPT ENTITY. THE FOUNDATION MUST ALSO CONSIDER WHETHER IT HAS NEXUS IN JURISDICTIONS IN WHICH IT HAS INCOME AND WHETHER A TAX RETURN IS REQUIRED IN THOSE JURISDICTIONS. IN ADDITION, AS A TAX EXEMPT ENITY, THE FOUNDATION MUST ASSESS WHETHER IT HAS ANY TAX POSITIONS ASSOCIATED WITH UNRELATED BUSINESS INCOME SUBJECT TO INCOME TAX. THE FOUNDATION DOES NOT EXPECT ITS POSITIONS TO CHANGE SIGNIFICANTLY OVER THE NEXT TWELVE MONTHS. ANY PENALTIES RELATED TO LATE FILING OR OTHER REQUIREMENTS WOULD BE RECOGNIZED AS PENALTIES EXPENSE IN THE FOUNDATION'S ACCOUNTING RECORDS. THE FOUNDATION FILES U. S. FEDERAL FORM 990 FOR INFORMATIONAL PURPOSES. THE FOUNDATION'S FEDERAL INCOME TAX RETURNS FOR THE TAX YEARS 2011 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. 1 LOUISIANA TECH UNIVERSITY TECH DRIVE RUSTON LA 71270 726000792 501(C)(3) 8932399 SCHOLARSHIPS, EQUIPMENT, SUPPLIES, FACILITIES, AND OTHER ITEMS TO PROMOTE, IMPROVE, OR SUSTAIN THE UNIVERSITY. X LATHE & OTHER EQUIPMENT 1 77660 COMPARABLE SALES X LOCKERS/STORAGE UNIT & PORCELAIN MARKER BOARDS 1 12033 COST OF DONOR PURCHA X DVD FOR NAAAGQ DONATED TO ADVANCE LA TECH 5 10391 COST OF DONOR PURCHA X INSURANCE FOR TECH ATHLETIC DEPT 1 3831 COST OF DONOR PURCHA X SADDLES, ROPES, HALTERS, TIE-DOWNS 1 3000 COMPARABLE SALES X BLACK BALDY HEIFER 1 2000 COMPARABLE SALES X CAMERA POLES,CAMCORDERS/MEMORY CARD, LIBRARY BOOKS,BENCHES,LEAF BLOWER 1 1966 COST OF DONOR PURCHA X MASCOT COSTUME & DUFFLE BAG 1 1502 COST OF DONOR PURCHA X CATTLE CAGE 1 1400 COMPARABLE SALES X DESK, CHAIR, DOORSTOPS, SUPPLIES 1 1135 COST OF DONOR PURCHA X PONY 2 500 COST OF DONOR PURCHA X STAINED GLASS ITEMS & LIGHTING 2 459 COST OF DONOR PURCHA X STALLION SEMEN 1 430 COST OF DONOR PURCHA 0 1 0 PART I, COLUMN (B): ORGANIZATION REPORTS NUMBER OF CONTRIBUTORS FOR EACH LISTED CATEGORY. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S FORM 990 IS REVIEWED BY PAM GILLEY, CFO, AND SIGNED BY THE PRESIDENT PRIOR TO BEING FILED WITH THE IRS. THE GOVERNING BODY DOES NOT REVIEW FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REGULARLY AND CONSISTENTLY MONITORS THE BUSINESS TRANSACTIONS OF THE ORGANIZATION TO ENSURE THAT THEY ARE IN COMPLIANCE WITH THE ORGANIZATION'S POLICIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C DURING THE YEAR ENDED 6/30/15, THERE WERE NO CHANGES IN EITHER THE ORGANIZATION'S OVERSIGHT PROCESS OR SELECTION PROCESS. LOUISIANA TECH UNIVERSITY 900 TECH DRIVE RUSTON LA 71270 726000792 PUBLIC UNIVERSITY LA 501(C)(3) LINE 7 N/A 0 LOUISIANA TECH RESEARCH CORPORATION 900 TECH DRIVE RUSTON LA 71270 471764960 RECEIVE/ADMINISTER FUNDS FOR PUBLIC UNIVERSITY R&D AND INTELLECTUAL PROPERTY LA APPLIED FOR 501(C)(3 LINE 7 N/A 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 LOUISIANA TECH UNIVERSITY B 8932399 ACCRUAL LOUISIANA TECH UNIVERSITY C 520791 ACCRUAL LOUISIANA TECH UNIVERSITY N 2736 ACCRUAL LOUISIANA TECH UNIVERSITY P 840956 ACCRUAL