Civic Intelligence

Lmta Foundation Inc.

990 • Fiscal year 2022 • EIN 46-3724946

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 01, 2023

Organization ProfileWWW.LMTA.FOUNDATION
PO Box 80278Baton Rouge, LA 70898

(225) 928-5685

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

71st percentile

21%

Higher net margin than 71% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

39th percentile

-0.5%

Faster revenue growth than 39% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$1,507,358

Up $205,185 (+16%) from 2021

Net Assets

Up

$1,491,076

Up $202,353 (+16%) from 2021

Liabilities

Up

$16,282

Up $2,832 (+21%) from 2021

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin71st percentile

Revenue

Down

$971,649

Down $5,304 (-0.5%) from 2021

Expenses

Up

$769,296

Up $91,721 (+14%) from 2021

Net Income

Down

$202,353

Down $97,025 (-32%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2020: $1,000,871Liabilities 2020: $11,526Net Assets 2020: $989,3452020Assets 2021: $1,302,173Liabilities 2021: $13,450Net Assets 2021: $1,288,7232021Assets 2022: $1,507,358Liabilities 2022: $16,282Net Assets 2022: $1,491,0762022Assets 2023: $2,122,347Liabilities 2023: $0Net Assets 2023: $2,122,3472023Assets 2024: $2,548,614Liabilities 2024: $4,310Net Assets 2024: $2,544,3042024

Highlighted filing

2022

Assets$1,507,358
Liabilities$16,282
Net Assets$1,491,076
Open 2022 Filing

Operations Trend

Revenue Growth39th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0Revenue 2020: $1,043,315Expenses 2020: $53,970Net Income 2020: $989,3452020Revenue 2021: $976,953Expenses 2021: $677,575Net Income 2021: $299,3782021Revenue 2022: $971,649Expenses 2022: $769,296Net Income 2022: $202,3532022Revenue 2023: $973,239Expenses 2023: $341,968Net Income 2023: $631,2712023Revenue 2024: $999,855Expenses 2024: $577,898Net Income 2024: $421,9572024

Highlighted filing

2022

Revenue$971,649
Expenses$769,296
Net Income$202,353
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$971,649
Mission and Program Overview

Mission

Our mission is to promote and advance the longevity and success of louisiana's trucking industry.

The mission is to enhance the understanding of and image of the louisiana trucking industry, increase highway safety and pursue workforce solutions for the industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,080,836$1,285,064▲ $204,228
Accounts Receivable$212,319$212,100▼ $219
Prepaid Expenses and Deferred Charges$2,759$2,735▼ $24
Total Assets$1,302,173$1,507,358▲ $205,185
Other Assets Total$6,259$7,459▲ $1,200
Liabilities
Accounts Payable and Accrued Expenses$13,450$16,282▲ $2,832
Total Liabilities$13,450$16,282▲ $2,832
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,288,723$1,491,076▲ $202,353
Total Net Assets Fund Balance$1,288,723$1,491,076▲ $202,353
Total Liabilities and Net Assets / Fund Balance$1,302,173$1,507,358▲ $205,185
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
TOM O'NEALChairman
Ellis VlietBoard Member
Greg StewartBoard Member
Larry TerrellBoard Member
Mike BeckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$967,994
Investment Income
$3,655
Other Revenue
$0
Change in Net Assets
$202,353

Audited Revenue Reconciliation

Revenue per Audited Statements
$971,649
Total Revenue per Audited Statements
$971,649
Total Revenue per Form 990
$971,649
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$669,296
Grants and Similar Amounts Paid$100,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$371,035--$371,035
Fees for Services Management$184,575--$184,575
Grants to Domestic Orgs$100,000--$100,000
Conferences and Meetings$49,298$260-$49,558
Fees for Services Other$30,000$5,000-$35,000
Fees for Services Legal$12,699--$12,699
Fees for Services Accounting$11,065--$11,065
Insurance$4,290--$4,290
Office Expenses-$1,074-$1,074
Total Functional Expenses$762,962$6,334$0$769,296

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$769,296
Total Expenses per Audited Statements$769,296
Total Expenses per Form 990$769,296
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lctcs FoundationBaton Rouge, LA501c3Scholarships$100,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Organization outsources maangement duties to louisiana motor transport association (lmta) and is managed by renee amar, executive director for the foundation, who is also an employee of lmta.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed by the executive director prior to filing with the irs.”

Form 990, Page 6, Part VI, Line 19

“The organization's documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Lmta Foundation Inc
EIN
46-3724946
Phone
2259285685
Address
PO BOX 80278, BATON ROUGE, LA 70898

Signing Officer

Name
Renee Amar
Title
Executor Director
Phone
2259285685
Signed
2023-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
TOM O'NEAL
Formed
2013
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
L a Champagne & Co Llp
Address
4911 BENNINGTON AVE, BATON ROUGE, LA 70808-3153
Preparer
Neal D Fortenberry
Phone
2259251120
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation is a non-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The foundation follows the provisions of fasb asc 740-10, accounting for uncertainty in income taxes. The foundation currently has no audits in progress.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0L A CHAMPAGNE & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04911 BENNINGTON AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BATON ROUGE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0708083153
ReturnHeader/PreparerPersonGrp/PhoneNum02259251120
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NEAL D FORTENBERRY
ReturnHeader/ReturnTs02023-11-10T12:37:19-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,507,358
Liabilities
$16,282
Net assets
$1,491,076
Revenue
$971,649
Expenses
$769,296
Net income
$202,353
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.00$2.54$1.00$0.58$0.42
2023Detailed filing. Detailed filing data is available for this year.$2.12$0.00$2.12$0.97$0.34$0.63
2022Detailed filing. Detailed filing data is available for this year.$1.51$0.02$1.49$0.97$0.77$0.20
2021Detailed filing. Detailed filing data is available for this year.$1.30$0.01$1.29$0.98$0.68$0.30
2020Detailed filing. Detailed filing data is available for this year.$1.00$0.01$0.99$1.04$0.05$0.99