Civic Intelligence

Labi Foundation

990 • Fiscal year 2016 • EIN 46-4858854

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 31, 2017

Organization ProfileN/A
3113 Valley Creek DriveBaton Rouge, LA 70808

(225) 928-5370

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets26th percentile

Assets

$119,666

No earlier filing loaded for comparison.

Net Assets

$119,666

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin74th percentile

Revenue

$756,449

No earlier filing loaded for comparison.

Expenses

$636,783

No earlier filing loaded for comparison.

Net Income

$119,666

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$200K$150K$100K$50K$0Assets 2016: $119,666Liabilities 2016: $0Net Assets 2016: $119,6662016Assets 2017: $11,131Liabilities 2017: $6,267Net Assets 2017: $4,8642017Assets 2018: $1,499Liabilities 2018: $0Net Assets 2018: $1,4992018Assets 2019: $54,924Liabilities 2019: $0Net Assets 2019: $54,9242019Assets 2020: $1,760Liabilities 2020: $0Net Assets 2020: $1,7602020Assets 2021: $152,967Liabilities 2021: $0Net Assets 2021: $152,9672021Assets 2022: $76,238Liabilities 2022: $0Net Assets 2022: $76,2382022Assets 2023: $46,624Liabilities 2023: $0Net Assets 2023: $46,6242023Assets 2024: $40,073Liabilities 2024: $0Net Assets 2024: $40,0732024

Highlighted filing

2016

Assets$119,666
Liabilities$0
Net Assets$119,666
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2016: $756,449Expenses 2016: $636,783Net Income 2016: $119,6662016Revenue 2017: $165,000Expenses 2017: $279,802Net Income 2017: -$114,8022017Revenue 2018: $475Expenses 2018: $3,840Net Income 2018: -$3,3652018Revenue 2019: $58,000Expenses 2019: $4,575Net Income 2019: $53,4252019Revenue 2020: $693,092Expenses 2020: $746,256Net Income 2020: -$53,1642020Revenue 2021: $222,409Expenses 2021: $71,202Net Income 2021: $151,2072021Revenue 2022: $383,943Expenses 2022: $460,672Net Income 2022: -$76,7292022Revenue 2023: $475,000Expenses 2023: $504,614Net Income 2023: -$29,6142023Revenue 2024: $159,600Expenses 2024: $166,151Net Income 2024: -$6,5512024

Highlighted filing

2016

Revenue$756,449
Expenses$636,783
Net Income$119,666
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 31, 2017
Return Version
2016v3.0
Gross Receipts
$756,449
Mission and Program Overview

Mission

To partner with business leaders to educate and help deliver successful strategies to maximize Louisiana's economic potential by offering educational materials and programs on areas of importance in Louisiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$119,666-
Total Assets$0$119,666▲ $119,666
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$111,810-
Unrestricted Net Assets-$7,856-
Total Net Assets Fund Balance$0$119,666▲ $119,666
Total Liabilities and Net Assets / Fund Balance$0$119,666▲ $119,666
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Maura DonahuePresident
Reldon OwensVice President
Christopher KinseyDirector
Clay AllenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$731,449
Program Service Revenue
$25,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$533,849
Change in Net Assets
$119,666

Audited Revenue Reconciliation

Revenue per Audited Statements
$756,449
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$756,449
Total Revenue per Form 990
$756,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$614,755
Other Expenses$22,028
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$614,755--$614,755
Conferences and Meetings$20,880--$20,880
Other Expenses-$1,148-$1,148
Total Functional Expenses$635,635$1,148$0$636,783

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$636,783
Total Expenses per Audited Statements$636,783
Total Expenses per Form 990$636,783
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“LABI Foundation delegated management duties to the staff of Louisiana Association of Business and Industry.”

Form 990, Part VI, Section B, line 11B

“A copy of the Form 990 was provided to the organization's governing body before being filed.”

Form 990, Part VI, Section B, line 12C

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement.”

Form 990, Part VI, Section C, line 18

“LABI Foundation makes its Forms 1023 and 990 available for public inspection upon request.”

Form 990, Part VI, Section C, line 19

“LABI Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
LABI Foundation
EIN
46-4858854
Phone
2259285370
Address
3113 Valley Creek Drive, Baton Rouge, LA 70808

Signing Officer

Name
Maura Donahue
Title
President
Phone
2259285370
Signed
2017-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maura Donahue
Formed
2014
Legal Domicile
La
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Hawthorn Waymouth & Carroll LLP
Address
8555 United Plaza Blvd - No 200, Baton Rouge, LA 70809-9982
Preparer
Charles R Pevey
Phone
2259233000
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

“LABI Foundation created the Small Business Relief Fund in response to the August 2016 flooding in Baton Rouge, LA. LABI Foundation received donations from several local and national organizations and distributed the funds in the form of grants to local businesses to aid with the relief and reconstruction effort. An independent review panel reviewed applications from affected businesses seeking aid and determined award amounts. LABI Foundation performed all due diligence to ensure that each applicant receiving grant funding was affected by the flooding.”

Form 990, Part XII, Line 1:

“The organization prepares its financial statements using the modified cash basis method of accounting. Revenue is recognized when cash is received and expenses are incurred when cash is disbursed.”

Form 990, Part XII, Line 2C:

“The oversight and selection process used to select the independent accountant did not change from the previous year.”

Financial Statement Notes

Part X, Line 2:

“LABI Foundation has been recognized by the Internal Revenue Service as exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Management has determined that there are no uncertain tax positions that would require recognition in the financial statements. If LABI Foundation was 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.”

Raw XML Appendix363 raw XML fields

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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IRS990/ProgSrvcAccomActy2Grp/Desc0- Sponsoring and working with other nonprofits to develop and co-sponsor products and events, such as policy-specific summits, to educate the citizens on policy issues impacting the state. The criminal justice reform summit was a conference to discuss issues surrounding the criminal justice system in Louisiana.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LABI Foundation has been recognized by the Internal Revenue Service as exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Management has determined that there are no uncertain tax positions that would require recognition in the financial statements. If LABI Foundation was 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.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0As a response to the August 2016 floods in Baton Rouge, LA, LABI Foundation provided small businesses with flood relief grants to aid in the recovery effort. Businesses would donate funds to LABI Foundation, who in turn would disburse a controlled amount of funds to affected businesses, determined through an application process. An independent review panel reviewed all applicants and determined award amounts, ranging between $2,500 and $10,000. LABI Foundation performed all due diligence to ensure that each applicant receiving grant funds was affected by the floods.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LABI Foundation created the Small Business Relief Fund in response to the August 2016 flooding in Baton Rouge, LA. LABI Foundation received donations from several local and national organizations and distributed the funds in the form of grants to local businesses to aid with the relief and reconstruction effort. An independent review panel reviewed applications from affected businesses seeking aid and determined award amounts. LABI Foundation performed all due diligence to ensure that each applicant receiving grant funding was affected by the flooding.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LABI Foundation delegated management duties to the staff of Louisiana Association of Business and Industry.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of the Form 990 was provided to the organization's governing body before being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LABI Foundation makes its Forms 1023 and 990 available for public inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LABI Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization prepares its financial statements using the modified cash basis method of accounting. Revenue is recognized when cash is received and expenses are incurred when cash is disbursed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The oversight and selection process used to select the independent accountant did not change from the previous year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 2c:
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt10
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash Payments
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Cash Payments
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Louisiana Association of Business and Industry
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Louisiana Association of Business and Industry
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0111810
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt0119666
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0119666
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0731449
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01148
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0635635
IRS990/TotalFunctionalExpensesGrp/TotalAmt0636783
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0119666
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0635635
IRS990/TotalProgramServiceRevenueAmt025000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt025000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0756449
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0119666
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07856
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03113 Valley Creek Drive
IRS990/USAddress/CityNm0Baton Rouge
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070808
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Maura Donahue
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02259285370
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LABI Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LABI
ReturnHeader/Filer/EIN0464858854
ReturnHeader/Filer/PhoneNum02259285370
ReturnHeader/Filer/USAddress/AddressLine1Txt03113 Valley Creek Drive
ReturnHeader/Filer/USAddress/CityNm0Baton Rouge
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070808
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0278895DD1BD64ADF6EF2C8F72BC3394FA287CEB7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId024DB9DB9FCC50DF6D5BCD28EC401C9A4340FDFD0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.238.236.82
ReturnHeader/FilingSecurityInformation/IPDt02017-07-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:11:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720464428
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Hawthorn Waymouth & Carroll LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08555 United Plaza Blvd - No 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Baton Rouge
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0708099982
ReturnHeader/PreparerPersonGrp/PhoneNum02259233000
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Charles R Pevey
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-07-31T09:11:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$119,666
Liabilities
$0
Net assets
$119,666
Revenue
$756,449
Expenses
$636,783
Net income
$119,666
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$1.60$1.66$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$4.75$5.05$0.30
2022Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$3.84$4.61$0.77
2021Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$2.22$0.71$1.51
2020Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$6.93$7.46$0.53
2019Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.58$0.05$0.53
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.04$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.11$0.06$0.05$1.65$2.80$1.15
2016Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$7.56$6.37$1.20