2013-02-14T16:12:57-06:00 2012-06-30 720398470 HEARD MCELROY & VESTAL LLC 333 TEXAS STREET SUITE 1525 SHREVEPORT LA 71101 990 2011-07-01 726021176 LOUISIANA TECH UNIVERSITY FOUNDATION INC LOUI 3182557950 POST OFFICE BOX 3183 TECH STATION RUSTON LA 71272 BENNY DENNY 3182557950 2013-02-12 1 STEPHEN W CRAIG P01048220 3184291525 2011 2016-03-07 17:11:31Z BENNY DENNY POST OFFICE BOX 3183 TECH STATION RUSTON LA 71272 17198827 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 59 0 0 10904826 12180784 0 0 446738 625479 1860944 1336353 13212508 14142616 3384192 4502610 0 0 1216327 1004366 0 0 1405314 2841690 3032554 7442209 8539530 5770299 5603086 80315054 84724126 45655019 44686123 34660035 40038003 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 6124369 AMOUNTS EXPENDED FOR SCHOLARSHIPS, EQUIPMENT, SUPPLIES, FACILITIES, AND OTHER ITEMS THAT HELP PROMOTE, IMPROVE, OR SUSTAIN PROGRAMS OF LOUISIANA TECH UNIVERSITY. 6124369 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 50 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 X 59 59 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 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 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 A C HOLLINS JR 2.00 X 0 0 0 MARSHA T JABOUR 2.00 X 0 0 0 DR KENNETH W REA 2.00 X 0 0 0 DR DANIEL D RENEAU 2.00 X 208334 0 0 CORRE A STEGALL 2.00 X 0 0 0 JAMES W ADAMS SR 2.00 X 0 0 0 W ROY ADAMS SR 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 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 JOHN D HOLLAND 2.00 X 0 0 0 CONSTANCE M HOWARD 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 MICHAEL B MCCALLISTER 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 GLEN F POST III 2.00 X 0 0 0 JOSEPH B PSALMONDS JR 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 MILTON L WILLIAMS 2.00 X 0 0 0 PATSY S WOLFE 2.00 X 0 0 0 208334 0 0 1 0 1 0 AMETHYST CONSTRUCTION INC 215 INDUSTRIAL PARKWAY WEST MONROE LA 71291 HOMER STREET PROJECT 741538 DANIEL SONNY DYKES 305 WISTERIA ST RUSTON LA 71272 HEAD FOOTBALL COACH SUPPLEMENTAL PAY 325000 ARAMARK CAMPUS SERVICE PO BOX 3085 RUSTON LA 71272 CATERING FOR EVENTS & FUNCTIONS 132068 BRUCE VAN DE VELDE 106 LANTERN HILL DRIVE CHOUDRANT LA 71229 ATHLETIC DIRECTOR SUPPLEMENTAL PAY 115000 KERRY RUPP 4452 KELMSCOTT APT A SALT LAKE CITY UT 84124 HEAD BASKETBALL COACH SUPPLEMENTAL PAY 111758 5 728154 11452630 109973 12180784 571562 571562 5917 0 5917 5917 5917 3110128 3056211 53917 53917 53917 SERVICE CHARGES 900099 927028 927028 OTHER INCOME 900099 331980 331980 CREDIT CARD INCOME 900099 71428 71428 1330436 14142616 1330436 0 631396 4502610 4502610 1002109 121916 880193 2257 2257 8355 8355 36000 36000 862 862 8217 2070 6147 4501 318 4183 5225 4019 1206 305003 305003 11166 9893 1273 AUXILLARY 3239706 3239706 INSTITUTIONAL SUPPORT 886492 886492 INSTRUCTIONAL SUPPORT 795853 795853 GENERAL ADMINISTRATIVE 788514 788514 -3057340 -3605295 38762 509193 8539530 6124369 1009847 1405314 10433400 13976697 1774474 1785077 5289240 4581997 4454196 3103949 1395067 1350247 23496698 24823613 37676660 37906141 249515 300354 80315054 84724126 662510 836013 5293452 4576771 1874085 1733554 37824972 37539785 45655019 44686123 X 3685558 3890157 12243808 17053365 18730669 19094481 34660035 40038003 80315054 84724126 X 5603086 -225118 X X 0 1 1 X 1 1 X 5500403 6411842 8377218 10904826 12180784 43375073 5500403 6411842 8377218 10904826 12180784 43375073 2603924 40771149 1285930 1125713 509198 510255 577479 4008575 3314963 2195632 2645654 1855027 1330436 11341712 58725360 0.69430 0.65250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21139029 663759 398737 1274271 20927254 19640849 600579 2451342 1553741 21139029 17027706 2608755 1412226 1407838 19640849 18061669 1987980 -388184 2633759 17027706 0.91000 0.09000 0 0 136557 136557 4317639 3103949 1213690 1350247 RESTRICTED INVESTMENTS 37906141 F 37906141 ACCRUED INTEREST PAYABLE 26496 ANNUITIES LIABILITY 309394 DUE TO LA TECH UNIVERSITY 37203895 37539785 14142616 8539530 5603086 -105118 -120000 -225118 5377968 14037498 -105118 -105118 14142616 0 14142616 8539530 0 8539530 0 8539530 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2008 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 8 - OTHER ADJUSTMENTS: ASSETS DEDICATED TO LA TECH UNIVERSITY -120,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN (LOSSES) ON INVESTMENTS -105,118. 1 LOUISIANA TECH UNIVERSITY TECH DRIVE RUSTON LA 71270 726000792 501(C)(3) 4502610 SCHOLARSHIPS, EQUIPMENT, SUPPLIES, FACILITIES, AND OTHER ITEMS TO PROMOTE, IMPROVE, OR SUSTAIN THE UNIVERSITY. 1 0 0 0 0 0 0 0 0 0 DR DANIEL D RENEAU 208334 0 0 0 0 0 0 0 0 0 208334 0 0 0 X 1234 THRIFT SHOP VALUE X 1 39646 DONOR INVOICE COST X 1 5000 COLLECTOR RESOURCES X LIVESTOCK 3 1975 COMPARABLE SALES X INSURANCE 1 3924 ARMS-LENGTH COST X AUCTION SERVICES 2 9310 ARMS-LENGTH COST X CONSTRUCTION MATERIALS 1 2486 ARMS-LENGTH COST X MISCELLANEOUS 4 1778 COST OF DONOR PURCHASED ITEMS X TRACTOR 1 11050 COMPARABLE SALES X COMMERCIAL PRODUCTION VIDEO 1 5000 ARMS-LENGTH COST X USED FORD VAN FROM DEALERSHIP 1 8570 COMPARABLE SALES X GIFT CARDS (NATIONAL JEWELRY) 1 20000 ARMS-LENGTH COST 0 0 1 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -105,118. ASSETS DEDICATED TO LA TECH UNIVERSITY -120,000. TOTAL TO FORM 990, PART XI, LINE 5: -225,118. FORM 990, PART XII, LINE 2C DURING THE YEAR ENDED 6/30/12, 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 1 0 0 0 1 1 0 0 0 0 LOUISIANA TECH UNIVERSITY B 4502610 ACCRUAL LOUISIANA TECH UNIVERSITY I 5917 ACCRUAL LOUISIANA TECH UNIVERSITY M 2795 ACCRUAL LOUISIANA TECH UNIVERSITY N 900722 ACCRUAL