2012-03-01T11:22:48-06:00 2011-06-30 HEARD MCELROY & VESTAL LLC 333 TEXAS STREET SUITE 1525 SHREVEPORT LA 71101 990 2010-07-01 726021176 LOUISIANA TECH UNIVERSITY FOUNDATION INC LOUI 3182557950 POST OFFICE BOX 3183 TECH STATION RUSTON LA 71272 DONALD R UPDEGRAFF 3182557950 2012-03-01 1 STEPHEN W CRAIG 3184291525 2010 2016-02-24 21:20:13Z DONALD R UPDEGRAFF POST OFFICE BOX 3183 TECH STATION RUSTON LA 71272 15563297 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 1 59 0 0 8377218 10904826 0 0 -24983 446738 2687463 1860944 11039698 13212508 3053556 3384192 0 0 1091821 1216327 0 0 1416477 5610231 2841690 9755608 7442209 1284090 5770299 67516136 80315054 40307628 45655019 27208508 34660035 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 4991298 AMOUNTS EXPENDED FOR SCHOLARSHIPS, EQUIPMENT, SUPPLIES, FACILITIES, AND OTHER ITEMS THAT HELP PROMOTE, IMPROVE, OR SUSTAIN PROGRAMS OF LOUISIANA TECH UNIVERSITY. 4991298 1 1 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 0 1 53 0 1 1 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 1 1 1 1 1 1 0 0 0 X X PAM GILLEY 3182257590 TECH DRIVE RUSTON LA 71272 DONALD R UPDEGRAFF 4.00 X X 0 0 0 BENJAMIN L DENNY 3.00 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 F AYRES BRADFORD 2.00 X 0 0 0 A JILL FUTCH 2.00 X 0 0 0 JERRY L HUDSON 2.00 X 0 0 0 O LANDON MILES III 2.00 X 0 0 0 DR CAROL R RIDENOUR 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 28002 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 JOHN E MAXWELL 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 28002 0 0 0 0 0 0 AMETHYST CONSTRUCTION INC 215 INDUSTRIAL PARKWAY WEST MONROE LA 71291 HOMER STREET PROJECT 506025 DANIEL SONNY DYKES 305 WISTERIA ST RUSTON LA 71272 HEAD FOOTBALL COACH SUPPLEMENTAL PAY 236559 LINCOLN BUILDERS INC 1910 FARMERVILLE HWY RUSTON LA 71270 VIDEO BOARD; STADIUM REPAIRS 179583 POPULOUS GROUP LLC 300 WYANDOTTE SUITE 200 KANSAS CITY MO 64105 DESIGN ATHLETICS COMPLEX 105871 4 1271846 9632980 171510 10904826 504338 504338 5917 5917 5917 5917 2293189 2350789 -57600 -57600 -57600 OTHER INCOME 900099 922780 922780 SERVICE CHARGES 900099 846531 846531 CREDIT CARD INCOME 900099 85716 85716 1855027 13212508 1855027 0 452655 3384192 3384192 1194008 145880 1048128 22319 22319 1298 1298 36000 36000 232 232 12923 2396 10527 3718 282 3436 4017 2142 1875 406763 406763 10546 9928 618 AUXILLARY 1801948 1801948 INSTRUCTIONAL SUPPORT 1142857 1142857 INSTITUTIONAL SUPPORT 1043559 1043559 GENERAL ADMINISTRATIVE 793682 793682 STUDENT FINANCIAL AID 321190 321190 -2737043 -3109211 42826 329342 7442209 4991298 1034434 1416477 8628550 10433400 1036822 1774474 6206838 5289240 4219268 2824201 1780099 1395067 17909954 23496698 31714866 37676660 239007 249515 67516136 80315054 136367 662510 6085483 5293452 2103249 1874085 31982529 37824972 40307628 45655019 X 3899222 3685558 4510902 12243808 18798384 18730669 27208508 34660035 67516136 80315054 X 5770299 1681228 X 0 1 1 X 1 1 X 7015289 5500403 6411842 8377218 10904826 38209578 7015289 5500403 6411842 8377218 10904826 38209578 1719574 36490004 911754 1285930 1125713 509198 510255 4342850 3356961 3314963 2195632 2645654 1855027 13368237 55920665 0.65250 0.62200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19640849 600579 2451342 1553741 21139029 17027706 2608755 1412226 1407838 19640849 18061669 1987980 -388184 2633759 17027706 0.89000 0.11000 0 0 136557 136557 4082711 2824201 1258510 1395067 RESTRICTED INVESTMENTS 37676660 F 37676660 ACCRUED INTEREST PAYABLE 27802 ANNUITIES LIABILITY 228023 DUE TO LA TECH UNIVERSITY 37569147 37824972 13212508 7442209 5770299 2401228 -720000 1681228 7451527 15613736 2401228 2401228 13212508 0 13212508 7442209 0 7442209 0 7442209 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 2007 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 8 - OTHER ADJUSTMENTS: ASSETS DEDICATED TO LA TECH UNIVERSITY -720,000. 1 LOUISIANA TECH UNIVERSITY TECH DRIVE RUSTON LA 71270 726000792 501(C)(3) 3384192 SCHOLARSHIPS, EQUIPMENT, SUPPLIES, FACILITIES, AND OTHER ITEMS TO PROMOTE, IMPROVE, OR SUSTAIN THE UNIVERSITY. 1 0 X 1319 FMV X LIVESTOCK 4 11875 FMV X INSURANCE 1 3865 FMV X PLANTS 1 84 FMV X STALLION SERVICES 14 103000 FMV X FURNITURE 1 1000 FMV X TICKETS 1 100 FMV X FIELD IMPROVEMENTS 1 11280 FMV X CONSTRUCTION MATERIALS 7 18163 FMV X COMPUTER EQUIPMENT 1 649 X PIANO 1 15000 FMV X MISCELLANEOUS 1 5175 FMV 2 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 GAINS ON INVESTMENTS: 2,401,228. ASSETS DEDICATED TO LA TECH UNIVERSITY -720,000. TOTAL TO FORM 990, PART XI, LINE 5: 1,681,228. 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 3384192 ACCRUAL LOUISIANA TECH UNIVERSITY I 5917 ACCRUAL LOUISIANA TECH UNIVERSITY M 895355 ACCRUAL LOUISIANA TECH UNIVERSITY N 2591 ACCRUAL