2014-01-31T14:38:44-06:00 2013-06-30 720398470 HEARD MCELROY & VESTAL LLC 333 TEXAS STREET SUITE 1525 SHREVEPORT LA 71101 990 2012-07-01 726021176 LOUISIANA TECH UNIVERSITY FOUNDATION INC LOUI 3182557950 POST OFFICE BOX 3183 TECH STATION RUSTON LA 71272 BENNY DENNY 3182557950 2014-01-28 1 STEPHEN W CRAIG P01048220 3184291525 2012 2015-11-30 17:44:51Z BENNY DENNY POST OFFICE BOX 3183 TECH STATION RUSTON LA 71272 21445371 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. 60 60 2 26 0 0 12180784 13900909 0 0 625479 1162992 1336353 2886456 14142616 17950357 4502610 5867400 0 0 1004366 838831 0 0 940870 3032554 3328790 8539530 10035021 5603086 7915336 84724126 93745762 44686123 45042343 40038003 48703419 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 7755564 5867400 AMOUNTS EXPENDED FOR SCHOLARSHIPS, EQUIPMENT, SUPPLIES, FACILITIES, AND OTHER ITEMS THAT HELP PROMOTE, IMPROVE, OR SUSTAIN PROGRAMS OF LOUISIANA TECH UNIVERSITY. 7755564 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 69 0 1 2 1 0 0 0 0 0 1 1 0 0 0 0 X 60 60 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X PAM GILLEY 3182257590 TECH DRIVE RUSTON LA 71272 X DONALD R UPDEGRAFF 3.00 X X 0 0 0 BENJAMIN L DENNY 4.00 X X 0 0 0 ELIZABETH E GREEN 3.00 X X 0 0 0 RUSSELL A NOLAN 3.00 X X 0 0 0 JACK E BYRD JR 3.00 X X 0 0 0 INDIA CARROLL 2.00 X 0 0 0 ROBERT KYLE 2.00 X 0 0 0 JOHN E MAXWELL III 2.00 X 0 0 0 DON MCGEHEE 2.00 X 0 0 0 TOM SINGLETARY 2.00 X 0 0 0 JOHN E ALLEN JR 2.00 X 0 0 0 CHRISTOPHER J BARR 2.00 X 0 0 0 BRUCE D COWAN 2.00 X 0 0 0 WILLIAM K MCCONNELL 2.00 X 0 0 0 RICHARD H SHIRLEY JR 2.00 X 0 0 0 STEVEN K DAVISON 2.00 X 0 0 0 STANLEY D DUPUY 2.00 X 0 0 0 KAREN C HUNT 2.00 X 0 0 0 KATIE S SAMUELS 2.00 X 0 0 0 PERRY W WATSON JR 2.00 X 0 0 0 JAMES W ADAMS 2.00 X 0 0 0 W ROY ADAMS JR 2.00 X 0 0 0 GEORGE A BALDWIN JR 2.00 X 0 0 0 M GLEN BASSETT 2.00 X 0 0 0 GEORGE E BREAZEAL 2.00 X 0 0 0 DR WILLIAM S BUNDRICK 2.00 X 0 0 0 JOHN D CARUTHERS JR 2.00 X 0 0 0 DR ROBERT MACK CARUTHERS 2.00 X 0 0 0 JOHN J CORDARO 2.00 X 0 0 0 DAVID G DARLAND 2.00 X 0 0 0 JAMES E DAVISON SR 2.00 X 0 0 0 JAMES E DAVISON JR 2.00 X 0 0 0 TRAVIS L DEFREESE 2.00 X 0 0 0 CARRELL G DOWIES JR 2.00 X 0 0 0 THOMAS J FOLK 2.00 X 0 0 0 DR MARVIN T GREEN JR 2.00 X 0 0 0 DR O JEAN HALL 2.00 X 0 0 0 PATRICIA T HARPER 2.00 X 0 0 0 CONSTANCE M HOWARD 2.00 X 0 0 0 JERRY L HUDSON 2.00 X 0 0 0 DR R GUTHRIE JARRELL 2.00 X 0 0 0 JAMES L KILPATRICK 2.00 X 0 0 0 JOHN J LONG 2.00 X 0 0 0 JAMES C LOVE III 2.00 X 0 0 0 DR JOHN E MAXWELL 2.00 X 0 0 0 MICHAEL B MCCALLISTER 2.00 X 0 0 0 AGNES C MILLER 2.00 X 0 0 0 REBEKAH M NAPPER 2.00 X 0 0 0 WILLIAM B NELSON JR 2.00 X 0 0 0 DR VIRGIL ORR 2.00 X 0 0 0 GLEN F POST III 2.00 X 0 0 0 JOSEPH B PSALMONDS JR 2.00 X 0 0 0 DR CAROL R RIDENOUR 2.00 X 0 0 0 RICHARD M SEE 2.00 X 0 0 0 CHARLES E SPRUELL 2.00 X 0 0 0 DR T DON STACY 2.00 X 0 0 0 LEU F WILDER 2.00 X 0 0 0 JULIE R WILKERSON 2.00 X 0 0 0 RISDON E WOODARD JR 2.00 X 0 0 0 PATSY S WOLFE 2.00 X 0 0 0 0 0 0 0 0 0 0 DANIEL SONNY DYKES 305 WISTERIA ST RUSTON LA 71272 HEAD FOOTBALL COACH SUPPLEMENTAL PAY 476882 SPORTS FLOOR INC 6651 REEE ROAD MEMPHIS TN 38133 FLOOR FOR CAMPUS GYM 142493 AMETHYST CONSTRUCTION INC 215 INDUSTRIAL PARKWAY WEST MONROE LA 71291 HOMER STREET PROJECT 112686 BRUCE VAN DE VELDE 106 LANTERN HILL DRIVE RUSTON LA 71272 ATHLETIC DIRECTOR SUPPLEMENTAL PAY 110000 4 13900909 67370 13900909 591102 591102 3455524 611380 2920514 574500 535010 36880 571890 571890 SERVICE CHARGES 900099 992764 992764 MISC FEES AND RECEIPTS 900099 807856 807856 FUNDS FOR COACH BUYOUT 900099 475000 475000 610836 605842 4994 2886456 17950357 2881462 0 1167986 5867400 5867400 836727 257559 579168 2104 2104 139628 138754 874 36000 36000 72942 72942 11000 11000 5504 1964 3540 6467 1829 4638 2002 1221 781 311702 241661 70041 10265 9636 629 AUXILLARY EXPENSES 3494426 3494426 INSTITUTIONAL SUPPORT 1409648 1409648 INSTRUCTIONAL SUPPORT 918554 918554 GENERAL ADMINISTRATIVE 899877 899877 -3989225 -4314879 45685 279969 10035021 7755564 1338587 940870 13976697 16893954 1785077 1135229 4581997 4098122 4515574 3359245 1350247 1156329 24823613 30663724 37906141 39545525 300354 252879 84724126 93745762 836013 715637 4576771 3931518 1733554 1588116 37539785 38807072 44686123 45042343 X 3890157 3735383 17053365 22258819 19094481 22709217 40038003 48703419 84724126 93745762 7915336 750080 0 X X 0 1 X 1 0 X 6411842 8377218 10904826 12180784 13900909 51775579 6411842 8377218 10904826 12180784 13900909 51775579 7403001 44372578 1125713 509198 510255 577479 591102 3313747 2195632 2645654 1855027 1330436 2315581 10342330 65431656 0.67820 0.69430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2008 AMOUNT: $ 2,195,632. 2009 AMOUNT: $ 2,645,654. 2010 AMOUNT: $ 1,855,027. 2011 AMOUNT: $ 1,330,436. 2012 AMOUNT: $ 1,033,388. SERVICE CHARGES - 2012 AMOUNT: $ 992,764. DUES MEMBERSHIPS - 2012 AMOUNT: $ 284,435. CASH SURRENDER VALUE INCREASE - 2012 AMOUNT: $ 4,994. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20927254 3651146 1682531 970266 25290665 21139029 663759 398737 1274271 20927254 19640849 600579 2451342 1553741 21139029 17027706 2608755 1412226 1407838 19640849 18061669 1987980 -388184 2633759 17027706 0.90000 0.10000 0 0 136557 136557 4379017 3359245 1019772 1156329 RESTRICTED INVESTMENTS 39545525 F 39545525 ACCRUED INTEREST PAYABLE 23363 ANNUITIES LIABILITY 308215 DUE TO LA TECH UNIVERSITY 38475494 38807072 X 18700437 750080 750080 17950357 0 17950357 10035021 0 10035021 0 10035021 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2009 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. 1 LOUISIANA TECH UNIVERSITY TECH DRIVE RUSTON LA 71270 726000792 501(C)(3) 5867400 SCHOLARSHIPS, EQUIPMENT, SUPPLIES, FACILITIES, AND OTHER ITEMS TO PROMOTE, IMPROVE, OR SUSTAIN THE UNIVERSITY. X 1 390 ARMS-LENGTH COST X LIVESTOCK 2 1450 COMPARABLE SALES X UNIVERSITY FIELD & LOCKER ROOM IMPROVEMENTS 1 46302 COST OF DONOR PURCHASED ITEMS X DISCOUNT ON T-SHIRTS 1 2000 ARMS-LENGTH COST X DISCOUNT ON FLASHING, CINDER BLOCKS & MATERIALS 3 2641 ARMS-LENGTH COST X MATERIALS & DRAPES FOR ASSEMBLY CENTER 1 1141 COST OF DONOR PURCHASED ITEMS X TRASH CANS AND BENCHES FOR CARSON TAYLOR HALL 1 5459 COST OF DONOR PURCHASED ITEMS X MISCELLANEOUS 3 1887 COST OF DONOR PURCHASED ITEMS X GIFT CARDS 2 6100 ARMS-LENGTH COST 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: 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 THE EXECUTIVE BOARD PRIOR TO BEING FILED WITH THE IRS. 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 6/30/13, THERE WERE NO CHANGES IN EITHER THE ORGANIZATION'S OVERSIGHT PROCESS OR SELECTION PROCESS. LOUISIANA TECH UNIVERSITY TECH DRIVE RUSTON LA 71270 726000792 PUBLIC UNIVERSITY LA 501(C)(3) 170(B)(1)(A)(VI) N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 LOUISIANA TECH UNIVERSITY B 5867400 ACCRUAL LOUISIANA TECH UNIVERSITY J 0 ACCRUAL LOUISIANA TECH UNIVERSITY N 2527 ACCRUAL LOUISIANA TECH UNIVERSITY O 551259 ACCRUAL