2015-08-12T11:38:09-05:00 2014-12-31 720464428 HAWTHORN WAYMOUTH & CARROLL LLP 8555 UNITED PLAZA BLVD - NO 200 BATON ROUGE LA 708099982 990 2014-01-01 720780313 LOUISIANA ASSOCIATION OF BUSINESS AND INDUSTRY LOUI 2259285388 3113 VALLEY CREEK DRIVE BATON ROUGE LA 70808 STEPHEN WAGUESPACK PRESIDENT 2259285388 2015-08-12 1 CHARLES R PEVEY P00103577 2259233000 2015-08-12 X 2014 2016-02-25 16:41:14Z STEPHEN M WAGUESPACK 3113 VALLEY CREEK DRIVE BATON ROUGE LA 70808 3571739 0 X WWW.LABI.ORG X 1975 LA TO IMPROVE THE BUSINESS CLIMATE OF LOUISIANA 96 96 33 1111 0 0 20000 187500 2018475 2317296 678232 415052 621395 651891 3338102 3571739 0 0 0 0 3012347 3018782 0 0 0 762245 908108 3774592 3926890 -436490 -355151 5846149 5680112 60702 110032 5785447 5570080 TO 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 PROCESSES 0 0 ISSUE 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. 0 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 8 0 1 33 1 0 0 0 0 1 1 0 X 96 96 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2259285388 3113 VALLEY CREEK DRIVE BATON ROUGE LA 70808 BOBBY BAROUSSE DIRECTOR 1.00 X 0 0 0 MAURA DONAHUE IMMED. PAST CHAIR 1.00 X X 0 0 0 BRENT WOOD CHAIRMAN 1.00 X X 0 0 0 JAMES LAPEYRE VICE CHAIRMAN 1.00 X X 0 0 0 BLAKE COOPER DIRECTOR 1.00 X 0 0 0 DOUGLAS CURTIS DIRECTOR 1.00 X 0 0 0 DAN FEIBUS DIRECTOR 1.00 X 0 0 0 MICHAEL JOHSON DIRECTOR 1.00 X 0 0 0 BONNIE LEMOINE DIRECTOR 1.00 X 0 0 0 RELDON OWENS DIRECTOR 1.00 X 0 0 0 MIKE WOLFF DIRECTOR 1.00 X 0 0 0 WILSON BANTA DIRECTOR 1.00 X 0 0 0 CJ BLACHE DIRECTOR 1.00 X 0 0 0 BOB HAMM DIRECTOR 1.00 X 0 0 0 JH CAMPBELL JR DIRECTOR 1.00 X 0 0 0 JOHNNY JACOBS DIRECTOR 1.00 X 0 0 0 STEVE DEIST DIRECTOR 1.00 X 0 0 0 CHRIS DICHARRY DIRECTOR 1.00 X 0 0 0 KIRK LANDRY DIRECTOR 1.00 X 0 0 0 ART FAVRE TREASURER 1.00 X X 0 0 0 JOHN FINAN SECRETARY 1.00 X X 0 0 0 LANE GRIGSBY DIRECTOR 1.00 X 0 0 0 GEORGE GUIDRY DIRECTOR 1.00 X 0 0 0 JAIMIE BEEMAN DIRECTOR 1.00 X 0 0 0 STEPHEN HAMILTON DIRECTOR 1.00 X 0 0 0 TOM HAWKINS DIRECTOR 1.00 X 0 0 0 WILLIAM MCELLIGOTT DIRECTOR 1.00 X 0 0 0 MOLLY QUIRK DIRECTOR 1.00 X 0 0 0 ROB RIEGER DIRECTOR 1.00 X 0 0 0 SONIA PEREZ DIRECTOR 1.00 X 0 0 0 BOYD BOUDREAUX DIRECTOR 1.00 X 0 0 0 AYRES BRADFORD DIRECTOR 1.00 X 0 0 0 JANE BROWN DIRECTOR 1.00 X 0 0 0 TONY DAVIS DIRECTOR 1.00 X 0 0 0 GREG HAMER DIRECTOR 1.00 X 0 0 0 PATRICK FONTENOT DIRECTOR 1.00 X 0 0 0 JOE SANFORD JR DIRECTOR 1.00 X 0 0 0 ADRIANNE BAUMGARTNER DIRECTOR 1.00 X 0 0 0 KEITH DUET DIRECTOR 1.00 X 0 0 0 TODD GREGORY DIRECTOR 1.00 X 0 0 0 CHRISTEL SLAUGHTER DIRECTOR 1.00 X 0 0 0 WM MCDONALD DIRECTOR 1.00 X 0 0 0 KENNETH ROSS DIRECTOR 1.00 X 0 0 0 CLAY ALLEN DIRECTOR 1.00 X 0 0 0 ANDREE BEGNEAUD DIRECTOR 1.00 X 0 0 0 JS BROWN III DIRECTOR 1.00 X 0 0 0 JAMES BULLIARD DIRECTOR 1.00 X 0 0 0 DARYL BYRD DIRECTOR 1.00 X 0 0 0 CR CLOUTIER DIRECTOR 1.00 X 0 0 0 STEVE HEMPERLEY DIRECTOR 1.00 X 0 0 0 JOHN F JONES DIRECTOR 1.00 X 0 0 0 BILL FENSTERMAKER DIRECTOR 1.00 X 0 0 0 BEN JAMES III DIRECTOR 1.00 X 0 0 0 ARTHUR PRICE DIRECTOR 1.00 X 0 0 0 CAROL ROSS DIRECTOR 1.00 X 0 0 0 GORDON ROUNTREE DIRECTOR 1.00 X 0 0 0 JOHN WILLIAMS DIRECTOR 1.00 X 0 0 0 HARTIE SPENCE JR DIRECTOR 1.00 X 0 0 0 CHARLES TRENT DIRECTOR 1.00 X 0 0 0 DAVID WELCH DIRECTOR 1.00 X 0 0 0 GUS ZEPERNICK DIRECTOR 1.00 X 0 0 0 COURTNEY FENET JR DIRECTOR 1.00 X 0 0 0 LOULAN PITRE DIRECTOR 1.00 X 0 0 0 MIKE HUBER DIRECTOR 1.00 X 0 0 0 STEVE JORDAN DIRECTOR 1.00 X 0 0 0 GREG LUNA SR DIRECTOR 1.00 X 0 0 0 RONNIE PETREE SR DIRECTOR 1.00 X 0 0 0 TIM STINE DIRECTOR 1.00 X 0 0 0 TERRY BAUGH DIRECTOR 1.00 X 0 0 0 WADE BISHOP DIRECTOR 1.00 X 0 0 0 J WILLIAM KIGHT DIRECTOR 1.00 X 0 0 0 ROBERT ANGELICO DIRECTOR 1.00 X 0 0 0 JOE ARROYO DIRECTOR 1.00 X 0 0 0 JAMES BABST DIRECTOR 1.00 X 0 0 0 NEIL BUCKINGHAM DIRECTOR 1.00 X 0 0 0 KARL CONNOR DIRECTOR 1.00 X 0 0 0 RONALD EVANS DIRECTOR 1.00 X 0 0 0 PAUL FLOWER DIRECTOR 1.00 X 0 0 0 WAYNE FONTANA DIRECTOR 1.00 X 0 0 0 RALPH MILLER DIRECTOR 1.00 X 0 0 0 MIKE MITTERNIGHT DIRECTOR 1.00 X 0 0 0 PAUL A SALLES DIRECTOR 1.00 X 0 0 0 E FREDERICK PREIS JR DIRECTOR 1.00 X 0 0 0 DAN SCHMIT DIRECTOR 1.00 X 0 0 0 STEVE STUMPF DIRECTOR 1.00 X 0 0 0 DENISE EVANS DIRECTOR 1.00 X 0 0 0 TOM O'NEAL DIRECTOR 1.00 X 0 0 0 BRIAN VERRETTE DIRECTOR 1.00 X 0 0 0 EMILE CORDARO DIRECTOR 1.00 X 0 0 0 CHRIS KINSEY DIRECTOR 1.00 X 0 0 0 HARRISON SMITH DIRECTOR 1.00 X 0 0 0 SCOTT VIATOR DIRECTOR 1.00 X 0 0 0 DENNIS WIMMERT DIRECTOR 1.00 X 0 0 0 TERRY SPRUILL DIRECTOR 1.00 X 0 0 0 EDUARDO DOVAL DIRECTOR 1.00 X 0 0 0 JODY MONTELARO DIRECTOR 1.00 X 0 0 0 THOMAS ILES DIRECTOR 1.00 X 0 0 0 WANDA ALLPHIN VICE PRESIDENT 40.00 X 116976 0 3967 BRIAN LANDRY VICE PRESIDENT 40.00 X 83343 0 6550 BRIGITTE NIELAND VICE PRESIDENT 40.00 X 108265 0 3300 AMY BENTON VICE PRESIDENT 40.00 X 20438 0 0 JIM PATTERSON VICE PRESIDENT 40.00 X 115496 0 1500 STEPHEN WAGUESPACK PRESIDENT 40.00 X 392347 0 3600 WILL GREEN VICE PRESIDENT 40.00 X 86926 0 0 RENEE AMAR VICE PRESIDENT 40.00 X 93851 0 600 COURTNEY BAKER VICE PRESIDENT 40.00 X 93540 0 0 CAMILLE CONWAY VICE PRESIDENT 40.00 X 170000 0 0 DAN JUNEAU FORMER PRESIDENT 1.00 X 139936 0 0 1421118 0 19517 6 1 1 0 0 187500 187500 MEMBERSHIP DUES 900099 1934456 1934456 CONFERENCES & SEMINARS 611430 382840 382840 2317296 415052 415052 7225 0 7225 7225 7225 ADMINISTRATIVE REIMBUR 561000 630008 630008 EDUCATION & WORKFORCE 611430 12239 12239 MISCELLANEOUS 900099 2419 2419 644666 3571739 2961962 0 422277 1281182 1191359 155941 249469 140831 9869 7500 9815 72174 107964 82060 59495 213669 46564 219459 25412 REPAIRS AND MAINTENANCE 35590 DUES 12736 MISCELLANEOUS 3411 AUTO EXPENSE 2309 81 3926890 55151 110056 30729 111948 2821 3641 4949322 2994438 2029383 1954884 2884694 2738159 505359 561021 338012 200403 5846149 5680112 60702 67202 0 42830 60702 110032 X 5785447 5570080 5785447 5570080 5846149 5680112 X -355151 139791 -7 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1934456 462953 462953 657715 -194762 294644 294644 2421835 1659230 762605 1782458 885595 896863 450385 449613 772 1954884 561021 C 561021 FINANCIAL OBLIGATION 37880 DUE TO AFFILIATES 4950 42830 X PART X, LINE 2: LOUISIANA 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. GENERALLY, FEDERAL, STATE, AND LOCAL AUTHORITIES MAY EXAMINE THE COMPANY'S TAX RETURNS FOR THREE YEARS FROM THE FILING DATE, AND THE CURRENT AND PRIOR THREE YEARS REMAIN SUBJECT TO EXAMINATION AS OF DECEMBER 31, 2014. X 1 1 X X X 0 1 0 STEPHEN WAGUESPACK PRESIDENT 392347 0 0 0 0 0 0 0 3600 0 395947 0 0 0 CAMILLE CONWAY VICE PRESIDENT 170000 0 0 0 0 0 0 0 0 0 170000 0 0 0 DAN JUNEAU FORMER PRESIDENT 0 0 0 0 139936 0 0 0 0 0 139936 0 139936 0 PART I, LINE 4B DAN JUNEAU $139,936 FORM 990, PART VI, SECTION A, LINE 6 LABI 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 7A ALL MEMBERS OF LABI ARE ALLOWED TO VOTE IN THE ELECTION OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE 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 11 FORM 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 12C THE 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 15 THE 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 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE 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 -7. FORM 990, PART XII, LINE 1: THE 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. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS FROM THE PRIOR YEARS. EASTPAC 3113 VALLEY CREEK DR BATON ROUGE LA 70808 721133851 TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICE LA 527 N/A 0 WESTPAC 3113 VALLEY CREEK DR BATON ROUGE LA 70808 721133848 TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICE LA 527 N/A 0 NORTHPAC 3113 VALLEY CREEK DR BATON ROUGE LA 70808 721133849 TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICE LA 527 N/A 0 SOUTHPAC 3113 VALLEY CREEK DR BATON ROUGE LA 70808 721133846 TO RECRUIT AND ELECT CONSERVATIVE, PRO-BUSINESS CANDIDATES FOR OFFICE LA 527 N/A 0 LABI SERVICE CORPORATION 3113 VALLEY CREEK DR BATON ROUGE LA 70808 721021893 PUBLICATIONS,SEMINARS, & SPONSORS A GROUP HEALTH INS PROGRAM LA LOUISIANA ASSOCIATION OF BUSINESS AND INDUSTRY C 1.00000 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 LABI SERVICE CORPORATION Q 630008 CASH RECEIVED LABI SERVICE CORPORATION F 350000 CASH RECEIVED (DIVIDEND)