Civic Intelligence

Louisiana Tech Research Corporation

EIN 47-1764960 • 501(c)3 • Ruston, LA

Pub. 78 Eligible990-N Coverage

Profile

The mission of the corporation shall be to promote sponsored research and technology commercialization of intellectual property associated with louisiana tech university

PO Box 3183 Tech StationRuston, LA 71272

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.70x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

85.02x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

63rd percentile

5.7%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

22%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$254,124

Up $13,672 (+5.7%) from 2023

Liabilities

Up

$433,080

Up $8,578 (+2.0%) from 2023

Net Assets

Up

-$178,956

Up $5,094 (+2.8%) from 2023

Operations
Liabilities / Revenue100th percentileNet Margin99th percentile

Revenue

Up

$5,094

Up $933 (+22%) from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Up

$5,094

Up $933 (+22%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth63rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200K-$400KAssets 2021: $94,573Liabilities 2021: $295,209Net Assets 2021: -$200,6362021Assets 2022: $187,997Liabilities 2022: $376,208Net Assets 2022: -$188,2112022Assets 2023: $240,452Liabilities 2023: $424,502Net Assets 2023: -$184,0502023Assets 2024: $254,124Liabilities 2024: $433,080Net Assets 2024: -$178,9562024

Highlighted filing

2024

Assets$254,124
Liabilities$433,080
Net Assets-$178,956
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15K$10K$5.0K$0Revenue 2021: $8,762Expenses 2021: $0Net Income 2021: $8,7622021Revenue 2022: $12,425Expenses 2022: $0Net Income 2022: $12,4252022Revenue 2023: $4,161Expenses 2023: $0Net Income 2023: $4,1612023Revenue 2024: $5,094Expenses 2024: $0Net Income 2024: $5,0942024

Highlighted filing

2024

Revenue$5,094
Expenses$0
Net Income$5,094
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$254,124
Liabilities
$433,080
Net assets
-$178,956
Revenue
$5,094
Expenses
$0
Net income
$5,094
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.54$4.33$1.79$0.05$0.00$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.40$4.25$1.84$0.04$0.00$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.88$3.76$1.88$0.12$0.00$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.95$2.95$2.01$0.09$0.00$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$5,094
Mission and Program Overview

Mission

The mission of the corporation shall be to promote sponsored research and technology commercialization of intellectual property associated with louisiana tech university

Program Services

DescriptionGrantsExpenses
TO PROMOTE SPONSORED RESEARCH AND TECHNOLOGY COMMERCIALIZATION OF INTELLECTUAL PROPERTY ASSOCIATED WITH LOUISIANA TECH UNIVERSITY$0$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BILL BRADLEYDirector-$0--
ANDY BRISTERDirector-$0--
JACK BYRDDirector-$0--
INDIA CARROLLDirector-$0--
BILL HOGANDirector-$0--
GARY HUBBARDDirector-$0--
KYLE MCDONALDDirector-$0--
HILTON NICHOLSONDirector-$0--
DR DAN RENEAUDirector-$0--
JOEL TRAMMELLDirector-$0--
RONNY WALKERDirector-$0--
JIM HENDERSONEx Officio-$0--
Filing and Contact Details

Filer

Filer Name
Louisiana Tech Research Corporation
EIN
47-1764960
Phone
3182557950
Address
PO BOX 3183 TECH STATION, RUSTON, LA 71272

Signing Officer

Name
Allison Milan
Title
Chief Financial Officer
Phone
3182557950
Signed
2025-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Heard Mcelroy & Vestal LLC
Address
333 TEXAS STREET SUITE 1525, SHREVEPORT, LA 71101
Preparer
Jennifer M Hill
Phone
3184291525
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest. Amount: 3,944.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: agency liability. Beg. Of year amount: 182,351. End of year amount: 190,929. Description: due to ltuf. Beg. Of year amount: 242,151. End of year amount: 242,151.”

Raw XML Appendix215 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE CORPORATION PROMOTED SPONSORED RESEARCH AND TECHNOLOGY COMMERCIALIZATION OF INTELLECTUAL PROPERTY ASSOCIATED WITH LOUISIANA TECH UNIVERSITY, SUCH ACTIVITIES TO INCLUDE WITHOUT LIMITATION THE FOLLOWING: PROMOTE RESEARCH ACTIVITY ON THE UNIVERSITY CAMPUS; PROTECT AND MANAGE THE UNIVERSITY'S INTELLECTUAL PROPERTY; CREATE FINANCIAL INCENTIVES TO FURTHER UNIVERSITY RESEARCH; EXPAND INVESTMENT IN THE UNIVERSITY THROUGH PARTNERSHIPS WITH PRIVATE INDUSTRY AND GOVERNMENTAL AGENCIES; FACILITATE AND PROMOTE THE MARKETING OF TECHNOLOGIES; FACILITATE AND PROMOTE THE MANAGEMENT OF STARTUP BUSINESSES; EVALUATE TECHNOLOGIES FOR COMMERCIALIZATION POTENTIAL; PROVIDE PROFESSIONAL DEVELOPMENT; COORDINATE OPPORTUNITIES FOR TECHNOLOGY DEVELOPMENT WITH UNIVERSITY RESEARCH CAPABILITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ALL OF THE CORPORATION'S ACTIVITIES FURTHER THE EXEMPT PURPOSES OF THE UNIVERSITY AND, BUT FOR THE CORPORATION, WOULD HAVE BEEN PERFORMED BY THE UNIVERSITY AND / OR THE FOUNDATION.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/TaxPeriodEndDt02024-12-31
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