Civic Intelligence

Ragin' Cajun Facilities Inc

EIN 68-0514562 • 501(c)3 • Lafayette, LA

Profile

To promote, assist and benefit the mission of the university of louisiana at lafayette by engaging in any lawful activity in which a nonprofit corporation meeting the requirements of section 501(c)(3) of the irs code may participate.

PO Box 43646 Ste 400Lafayette, LA 70504-3646

n/A

Siviq Scores

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

Liabilities / Assets

84th percentile

0.84x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

92nd percentile

4.66x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

93rd percentile

53%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

3rd percentile

$0

Higher top officer pay than 3% of similar nonprofits.

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

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

62nd percentile

8.8%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

89th percentile

48%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$296,964,141

Up $23,912,096 (+8.8%) from 2024

Liabilities

Down

$248,222,075

Down $4,411,390 (-1.7%) from 2024

Net Assets

Up

$48,742,066

Up $28,323,486 (+139%) from 2024

Operations
Liabilities / Revenue92nd percentileNet Margin93rd percentile

Revenue

Up

$53,212,091

Up $17,218,291 (+48%) from 2024

Expenses

Down

$24,888,605

Down $20,777 (-0.1%) from 2024

Net Income

Up

$28,323,486

Up $17,239,068 (+156%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

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

$400M$300M$200M$100M$0Assets 2011: $175,931,574Liabilities 2011: $158,008,547Net Assets 2011: $17,923,0272011Assets 2012: $173,671,725Liabilities 2012: $155,203,468Net Assets 2012: $18,468,2572012Assets 2013: $168,794,183Liabilities 2013: $151,643,300Net Assets 2013: $17,150,8832013Assets 2014: $229,236,776Liabilities 2014: $205,103,577Net Assets 2014: $24,133,1992014Assets 2015: $231,973,820Liabilities 2015: $200,853,644Net Assets 2015: $31,120,1762015Assets 2016: $254,282,559Liabilities 2016: $212,669,067Net Assets 2016: $41,613,4922016Assets 2017: $257,090,929Liabilities 2017: $234,831,275Net Assets 2017: $22,259,6542017Assets 2018: $300,343,262Liabilities 2018: $278,607,058Net Assets 2018: $21,736,2042018Assets 2019: $291,913,132Liabilities 2019: $272,362,106Net Assets 2019: $19,551,0262019Assets 2020: $284,900,554Liabilities 2020: $266,864,831Net Assets 2020: $18,035,7232020Assets 2021: $273,928,039Liabilities 2021: $260,129,043Net Assets 2021: $13,798,9962021Assets 2022: $263,550,740Liabilities 2022: $252,739,729Net Assets 2022: $10,811,0112022Assets 2023: $255,803,741Liabilities 2023: $246,469,579Net Assets 2023: $9,334,1622023Assets 2024: $273,052,045Liabilities 2024: $252,633,465Net Assets 2024: $20,418,5802024Assets 2025: $296,964,141Liabilities 2025: $248,222,075Net Assets 2025: $48,742,0662025

Highlighted filing

2025

Assets$296,964,141
Liabilities$248,222,075
Net Assets$48,742,066
Open 2025 Filing

Operations Trend

Revenue Growth89th percentile

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

$60M$40M$20M$0-$20MExpenses 2011: $2,652,8992011Revenue 2012: $4,980,142Expenses 2012: $4,434,912Net Income 2012: $545,2302012Expenses 2013: $11,679,6012013Revenue 2014: $17,908,115Expenses 2014: $10,925,799Net Income 2014: $6,982,3162014Revenue 2015: $20,126,246Expenses 2015: $13,139,269Net Income 2015: $6,986,9772015Revenue 2016: $27,969,534Expenses 2016: $17,476,218Net Income 2016: $10,493,3162016Revenue 2017: $24,898,625Expenses 2017: $44,252,463Net Income 2017: -$19,353,8382017Revenue 2018: $21,468,144Expenses 2018: $21,991,594Net Income 2018: -$523,4502018Revenue 2019: $18,904,450Expenses 2019: $21,089,628Net Income 2019: -$2,185,1782019Revenue 2020: $23,043,642Expenses 2020: $24,558,945Net Income 2020: -$1,515,3032020Revenue 2021: $20,488,424Expenses 2021: $24,725,151Net Income 2021: -$4,236,7272021Revenue 2022: $22,159,335Expenses 2022: $25,147,320Net Income 2022: -$2,987,9852022Revenue 2023: $22,381,265Expenses 2023: $23,858,114Net Income 2023: -$1,476,8492023Revenue 2024: $35,993,800Expenses 2024: $24,909,382Net Income 2024: $11,084,4182024Revenue 2025: $53,212,091Expenses 2025: $24,888,605Net Income 2025: $28,323,4862025

Highlighted filing

2025

Revenue$53,212,091
Expenses$24,888,605
Net Income$28,323,486
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$296,964,141
Liabilities
$248,222,075
Net assets
$48,742,066
Revenue
$53,212,091
Expenses
$24,888,605
Net income
$28,323,486
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$297$248$48.7$53.2$24.9$28.3
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$273$253$20.4$36.0$24.9$11.1
2023Summary only. Only limited summary data is available for this year.$256$246$9.33$22.4$23.9$1.48
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$264$253$10.8$22.2$25.1$2.99
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$274$260$13.8$20.5$24.7$4.24
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$285$267$18.0$23.0$24.6$1.52
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$292$272$19.6$18.9$21.1$2.19
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$300$279$21.7$21.5$22.0$0.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$257$235$22.3$24.9$44.3$19.4
2016Detailed filing. Detailed filing data is available for this year.$254$213$41.6$28.0$17.5$10.5
2015Detailed filing. Detailed filing data is available for this year.$232$201$31.1$20.1$13.1$6.99
2014Detailed filing. Detailed filing data is available for this year.$229$205$24.1$17.9$10.9$6.98
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$169$152$17.2$11.7
2012Summary only. Only limited summary data is available for this year.$174$155$18.5$4.98$4.43$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$176$158$17.9$2.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 9, 2025
Return Version
2024v5.2
Gross Receipts
$53,212,091
Mission and Program Overview

Mission

To promote, assist and benefit the mission of the university of louisiana at lafayette by engaging in any lawful activity in which a nonprofit corporation meeting the requirements of section 501(c)(3) of the irs code may participate.

Promote, assist, and benefit the educational mission of university of louisiana at lafayette

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$228,797,079$217,097,947▼ $11,699,132
Savings and Temporary Cash Investments$17,819,945$8,091,518▼ $9,728,427
Cash and Non-Interest-Bearing Accounts$3,684,562$4,306,064▲ $621,502
Total Assets$273,052,045$296,964,141▲ $23,912,096
Other Assets Total$22,750,459$67,468,612▲ $44,718,153
Liabilities
Tax Exempt Bond Liabilities$243,605,379$235,519,653▼ $8,085,726
Accounts Payable and Accrued Expenses$6,060,852$9,963,451▲ $3,902,599
Other Liabilities$2,771,023$2,698,752▼ $72,271
Unsecured Notes Loans Payable$196,211$40,219▼ $155,992
Total Liabilities$252,633,465$248,222,075▼ $4,411,390
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,860,145$41,131,512▲ $29,271,367
Net Assets With Donor Restrictions$8,558,435$7,610,554▼ $947,881
Total Net Assets Fund Balance$20,418,580$48,742,066▲ $28,323,486
Total Liabilities and Net Assets / Fund Balance$273,052,045$296,964,141▲ $23,912,096

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$197,390,704$114,876,316$312,267,020
Equipment$14,188,528$21,416,431$35,604,959
Other Land Buildings$3,044,668$1,428,184$4,472,852
Land$2,474,047-$2,474,047
Other Assets Org$15,134--
Compensation and Service Providers
Top Officer Pay3rd percentile

Board Members and Trustees

NameTitle
David K FontenotChairman
Dale ClarkVice Chairman
Paul ThomasDirector
Scott HebertDirector
Wayne DomingueSecretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$35,898,711
Program Service Revenue
$17,024,528
Investment Income
$288,852
Other Revenue
$0
All Other Contributions
$30,835,324
Change in Net Assets
$28,323,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$53,212,091
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$53,212,091
Total Revenue per Form 990
$53,212,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,888,605
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$13,401,352--$13,401,352
Interest$8,739,475--$8,739,475
Insurance$40,145--$40,145
Fees for Services Legal$18,412--$18,412
Other Expenses$617--$617
Total Functional Expenses$24,888,605$0$0$24,888,605

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$24,888,605
Total Expenses per Audited Statements$24,888,605
Total Expenses per Form 990$24,888,605
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bonds Payable (taxable)$2,267,268
Due to Ull Foundation$431,484

Bond Issues

BondIssuerIssuedIssue PricePurpose
DLouisiana Local Gov Environmental Facilities and Community Develop Author2017-04-19$104,424,654Revenue refunding bonds of 2009;partial refunding of 2010 bonds
CLouisiana Local Gov Environmental Facilities and Community Develop Author2018-05-23$52,313,746Construction of additional student housing and parking
BLouisiana Local Gov Environmental Facilities and Community Develop Author2021-09-23$21,553,334Revenue refunding bonds of 2013 issue
ALouisiana Local Gov Environmental Facilities and Community Develop Author2021-09-23$20,193,435Revenue refunding bonds of 2013 issue
CLouisiana Local Gov Environmental Facilities and Community Develop Author2015-08-18$18,311,703CAJUNDOME PROJECT
DLouisiana Local Gov Environmental Facilities and Community Develop Author2021-09-23$17,051,768Revenue refunding bonds of 2010 issue
BLafayette Public Trust Financing Authority2012-10-30$15,558,273Revenue refunding bonds of 2002 issue
CLouisiana Local Gov Environmental Facilities and Community Develop Auth2023-10-31$11,084,637Revenue bonds (rcfi - ull facilities project) series 2023
ALouisiana Local Gov Environmental Facilities and Community Develop Author2016-08-02$11,005,000Refunding and cajundome improvement project
BLouisiana Local Gov Environmental Facilities and Community Develop Author2017-09-27$10,145,000Construction of new baseball stadium
ALouisiana Local Gov Environmental Facilities and Community Develop Auth2019-07-10$2,600,000Improvements to cajundome and beverage sales facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
D$104,424,654$16,619,155$6,405,000$1,282,002
C$52,313,746-$1,580,000$736,391
B$21,553,334--$365,998
A$20,193,435--$355,687
C$18,311,703$100,000$13,835,000$262,063
D$17,051,768-$1,685,000$309,258
B$15,558,273$102,231,924$6,865,000$296,892
C$11,084,637--$221,514
A$11,005,000$19,637,234$3,755,000$220,100
B$10,145,000$20,973,244$1,635,000$45,000
A$2,600,000$15,027,786$810,000$52,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A copy of the return will be provided to each member of the governing body for review prior to submission of the return.”

Form 990, Part VI, Section C, Line 18

“Form 1023 and forms 990 are available for public inspection upon request at the office of oats and marino, 100 e. Vermilion street, suite 400, lafayette, la 70501.”

Form 990, Part VI, Section C, Line 19

“The organization makes all documents available for inspection upon request at the office of its attorneys: oats and marino, 100 e. Vermilion street, suite 400, lafayette, la 70501 .”

Filing and Contact Details

Filer

Filer Name
RAGIN' CAJUN FACILITIES INC
EIN
68-0514562
Phone
3374822001
Address
PO BOX 43646 STE 400, LAFAYETTE, LA 70504-3646

Signing Officer

Name
Wayne P Domingue
Title
Chairman
Phone
3379882396
Signed
2025-12-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne P Domingue
Formed
2001
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Broussard Poche Llp
Address
PO BOX 61400, LAFAYETTE, LA 70596-1400
Preparer
Carlinna L Bertrand
Phone
3379884930
Raw XML AppendixShowing 400 of 766 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/Desc0PROVIDED STUDENT HOUSING FOR THE UNIVERSITY OF LOUISIANA AT LAFAYETTE - 468 BED APARTMENT COMPLEX; CONSTRUCTION WAS COMPLETED ON THE SECOND PHASE OF THE LEGACY PARK APARTMENT COMPLEX AND ADDITIONAL UNITS WERE ADDED IN JULY, 2010. DURING FISCAL YEAR ENDED JUNE 30, 2012 CONSTRUCTION WAS COMPLETED ON TWO NEW RESIDENCE HALLS AND A PARKING GARAGE WHICH WERE PLACED IN SERVICE. BY JUNE 30, 2014 AN ADDITIONAL TWO NEW RESIDENCE HALLS WERE COMPLETED ALONG WITH RENOVATIONS TO FOUR RESIDENCE HALLS AND CONSTRUCTION OF A SIX LEVEL PARKING GARAGE. IN THE FISCAL YEAR ENDED JUNE 30, 2015 IMPROVEMENTS TO CAJUN FIELD STADIUM WERE COMPLETED IN OCTOBER, 2014, AND THE NEW STUDENT UNION OPENED IN JANUARY, 2015. IN SEPTEMBER, 2015 THE TRACK AND SOCCER FACILITIES AND THE ATHLETIC PRACTICE FACILITY WERE COMPLETED. IMPROVEMENTS TO THE UNIVERSITY'S CAJUNDOME FACILITY WERE BEGUN IN THE FISCAL YEAR ENDED 6/30/16. IN FISCAL YEAR ENDED 06/30/18, CONSTRUCTION OF A NEW BASEBALL STADIUM BEGAN AS WELL AS CONSTRUCTION OF A NEW STUDENT HOUSING AND PARKING PROJECT LOCATED AT THE CORNER OF JOHNSTON ST AND LEWIS ST IN LAFAYETTE, LA. THE BASEBALL STADIUM PROJECT WAS COMPLETED IN 2018 AND THE STUDENT HOUSING AND PARKING PROJECT WAS OFFICIALLY COMPLETED IN 2020. IMPROVEMENTS TO THE UNIVERSITY'S CAJUNDOME FACILITY WERE ALSO MADE DURING 2020,2021 AND 2022. IN 2023 AND 2024, RENOVATIONS WERE MADE TO THE FOOTBALL STADIUM.
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