Civic Intelligence

L S U Property Foundation

EIN 72-1295979 • 501(c)3 • Baton Rouge, LA

Profile

The mission of the lsu property foundation is to foster private financial support via gifts of real estate and moveable property, as well as, facilitate projects on behalf of lsu and the lsu agricultural center.

3796 Nicholson DriveBaton Rouge, LA 70802

www.lsufoundation.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.26x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

0.68x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

17th percentile

-11%

Higher net margin than 17% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

22nd percentile

-2.9%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-5.9%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$12,756,488

Down $701,485 (-5.2%) from 2023

Liabilities

Down

$3,175,163

Down $334,458 (-9.5%) from 2023

Net Assets

Down

$9,581,325

Down $367,027 (-3.7%) from 2023

Revenue

Up

$5,555,701

Up $362,539 (+7.0%) from 2023

Expenses

Up

$5,922,728

Up $161,045 (+2.8%) from 2023

Net Income

Up

-$367,027

Up $201,494 (+35%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $10,332,041Liabilities 2011: $10,226,654Net Assets 2011: $105,3872011Assets 2012: $7,386,615Liabilities 2012: $6,504,731Net Assets 2012: $881,8842012Assets 2013: $3,431,317Liabilities 2013: $2,335,753Net Assets 2013: $1,095,5642013Assets 2014: $3,307,641Liabilities 2014: $2,176,489Net Assets 2014: $1,131,1522014Assets 2015: $2,174,815Liabilities 2015: $616,762Net Assets 2015: $1,558,0532015Assets 2016: $11,873,490Liabilities 2016: $1,613,041Net Assets 2016: $10,260,4492016Assets 2017: $14,851,080Liabilities 2017: $1,138,733Net Assets 2017: $13,712,3472017Assets 2018: $16,681,632Liabilities 2018: $4,369,844Net Assets 2018: $12,311,7882018Assets 2019: $14,947,357Liabilities 2019: $3,735,954Net Assets 2019: $11,211,4032019Assets 2020: $15,239,996Liabilities 2020: $3,416,272Net Assets 2020: $11,823,7242020Assets 2021: $15,333,183Liabilities 2021: $3,594,684Net Assets 2021: $11,738,4992021Assets 2022: $13,863,761Liabilities 2022: $3,346,888Net Assets 2022: $10,516,8732022Assets 2023: $13,457,973Liabilities 2023: $3,509,621Net Assets 2023: $9,948,3522023Assets 2024: $12,756,488Liabilities 2024: $3,175,163Net Assets 2024: $9,581,3252024

Highlighted filing

2024

Assets$12,756,488
Liabilities$3,175,163
Net Assets$9,581,325

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,501,405Expenses 2011: $4,711,835Net Income 2011: -$1,210,4302011Revenue 2012: $1,522,195Expenses 2012: $745,698Net Income 2012: $776,4972012Revenue 2013: $1,645,588Expenses 2013: $1,431,908Net Income 2013: $213,6802013Revenue 2014: $1,615,890Expenses 2014: $1,580,302Net Income 2014: $35,5882014Revenue 2015: $1,668,568Expenses 2015: $1,241,667Net Income 2015: $426,9012015Revenue 2016: $10,618,632Expenses 2016: $1,916,234Net Income 2016: $8,702,3982016Revenue 2017: $11,414,702Expenses 2017: $7,962,805Net Income 2017: $3,451,8972017Revenue 2018: $2,021,703Expenses 2018: $3,422,262Net Income 2018: -$1,400,5592018Revenue 2019: $3,065,835Expenses 2019: $4,166,220Net Income 2019: -$1,100,3852019Revenue 2020: $3,557,732Expenses 2020: $2,945,411Net Income 2020: $612,3212020Revenue 2021: $5,972,139Expenses 2021: $6,057,364Net Income 2021: -$85,2252021Revenue 2022: $5,520,184Expenses 2022: $6,741,809Net Income 2022: -$1,221,6252022Revenue 2023: $5,193,162Expenses 2023: $5,761,683Net Income 2023: -$568,5212023Revenue 2024: $5,555,701Expenses 2024: $5,922,728Net Income 2024: -$367,0272024

Highlighted filing

2024

Revenue$5,555,701
Expenses$5,922,728
Net Income-$367,027

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.8$3.18$9.58$5.56$5.92$0.37
2023Detailed filing. Detailed filing data is available for this year.$13.5$3.51$9.95$5.19$5.76$0.57
2022Detailed filing. Detailed filing data is available for this year.$13.9$3.35$10.5$5.52$6.74$1.22
2021Detailed filing. Detailed filing data is available for this year.$15.3$3.59$11.7$5.97$6.06$0.09
2020Detailed filing. Detailed filing data is available for this year.$15.2$3.42$11.8$3.56$2.95$0.61
2019Detailed filing. Detailed filing data is available for this year.$14.9$3.74$11.2$3.07$4.17$1.10
2018Detailed filing. Detailed filing data is available for this year.$16.7$4.37$12.3$2.02$3.42$1.40
2017Detailed filing. Detailed filing data is available for this year.$14.9$1.14$13.7$11.4$7.96$3.45
2016Summary only. Only limited summary data is available for this year.$11.9$1.61$10.3$10.6$1.92$8.70
2015Summary only. Only limited summary data is available for this year.$2.17$0.62$1.56$1.67$1.24$0.43
2014Summary only. Only limited summary data is available for this year.$3.31$2.18$1.13$1.62$1.58$0.04
2013Summary only. Only limited summary data is available for this year.$3.43$2.34$1.10$1.65$1.43$0.21
2012Summary only. Only limited summary data is available for this year.$7.39$6.50$0.88$1.52$0.75$0.78
2011Summary only. Only limited summary data is available for this year.$10.3$10.2$0.11$3.50$4.71$1.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$5,555,701
Mission and Program Overview

Mission

The mission of the lsu property foundation is to foster private financial support via gifts of real estate and moveable property, as well as, facilitate projects on behalf of lsu and the lsu agricultural center.

Foster private financial support via gifts of real estate and equipment for lsu and the lsu agricultural center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,077,834$11,457,673▼ $620,161
Savings and Temporary Cash Investments$718,116$849,054▲ $130,938
Accounts Receivable$43,723$31,603▼ $12,120
Total Assets$13,204,858$12,756,488▼ $448,370
Other Assets Total$365,185$418,158▲ $52,973
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,729,086$2,602,215▼ $126,871
Accounts Payable and Accrued Expenses$385,968$423,624▲ $37,656
Other Liabilities$141,452$149,324▲ $7,872
Total Liabilities$3,256,506$3,175,163▼ $81,343
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,948,352$9,581,325▼ $367,027
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$9,948,352$9,581,325▼ $367,027
Total Liabilities and Net Assets / Fund Balance$13,204,858$12,756,488▼ $448,370

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,457,673$4,853,991$16,311,664
Compensation and Service Providers

Board Members and Trustees

NameTitle
Roger JenkinsChair
Robert M Stuart JrPresident & CEO
Beau FournetDirector
Elizabeth RonnDirector
Frank Billy W Harrison IiiDirector
Laurie AronsonDirector
Lori GarrisonDirector
William F Tate IvDirector ,ex Officio
Leu Anne GrecoSecretary
Kate SpikesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,433,324
Program Service Revenue
$0
Investment Income
$28,692
Other Revenue
$3,093,685
All Other Contributions
$2,433,324
Change in Net Assets
$-367,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,409,804
Grants and Similar Amounts Paid$512,924
Total Fundraising Expense$214,681
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$4,503,505--$4,503,505
Depreciation Depletion$120,382$328,683$212,716$661,781
Grants to Domestic Orgs$512,924--$512,924
Interest$90,129$26,129-$116,258
Other Expenses$115,498$85-$115,583
Fees for Services Management$7,677--$7,677
Occupancy-$3,035$1,965$5,000
Total Functional Expenses$5,350,115$357,932$214,681$5,922,728
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Louisiana State UniversityBaton Rouge, LA-To Provide Housing for Upper-class and Graduate Students.$512,924
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
Lease Liability$99,491
Refundable Deposits$49,833
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The treasurer provides the form 990 to the board of directors for review and seeks comment and feedback prior to filing.

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

All board members and officers complete a disclosure statement questionnaire on an annual basis in which they are asked to provide information on entities in which they are board members, partners, officers, and principal owners, and to indicate whether they, any immediate family member, or company with which they or an immediate family member are affiliated, have or is seeking contractual relations with the lsu property foundation or lsu. Additionally, the board periodically performs a detailed review of the conflicts of interest policy, as well as the policy is reviewed by new members upon joining the board.

Form 990, Part VI, Section C, Line 19

The organization's governing documents are filed with the louisiana secretary of state's office and are available to the public. The consolidated audited financial statements are available to the public on lsu foundation's website.

Form 990, Part VI, Question 15

Supplemental disclosure: lsu property foundation does not have any direct employees. A related organization, the lsu foundation, directly employs and funds applicable salary expenses related to staff assisting with administrative functions of the lsu property foundation. The lsu foundation gathers external,independent salary surveys of executive compensation for relevant peer groups. The lsu foundation's talent management committee reviews and discusses the surveys in conjunction with an annual review of compensation for officers.

Filing and Contact Details

Filer

Filer Name
Lsu Property Foundation
EIN
72-1295979
Phone
2255783811
Address
3796 NICHOLSON DRIVE, BATON ROUGE, LA 70802

Signing Officer

Name
Kate Spikes
Title
Treasurer
Phone
2255784165
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert M Stuart Jr
Formed
1995
Legal Domicile
La
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Eag Gulf Coast LLC
Address
8550 UNITED PLAZA BLVD SUITE 1001, BATON ROUGE, LA 70809
Preparer
Brandon Lagarde
Phone
2259224600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The lsu property foundation does not have an audit committee. However, the lsu property foundation is included in the audited consolidated gaap-basis financial statements which incorporate the lsu foundation and related organizations. The lsu foundation board of directors has an audit committee whose board-approved audit committee charter provides, among other powers, oversight by the audit committee of the external audit of the financial statements and communications with the independent auditors.

Financial Statement Notes

PART X, LINE 2:

The foundation accounts for income taxes in accordance with accounting guidance included in the accounting standards codification (asc). The foundation recognizes the effect of income tax positions only if the positions are more likely than not of being sustained. Recognized income tax positions are recorded at the largest amount that is greater than fifty percent likely of being realized. Changes in the recognition or measurement are reflected in the period in which the change in judgment occurs. The foundation has evaluated its position regarding the accounting for uncertain income tax positions and does not believe that it has any material uncertain tax positions.

Raw XML AppendixShowing 400 of 564 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/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE MISSION OF THE LSU PROPERTY FOUNDATION IS TO FOSTER PRIVATE FINANCIAL SUPPORT VIA GIFTS OF REAL ESTATE AND MOVEABLE PROPERTY, AS WELL AS, FACILITATE PROJECTS ON BEHALF OF LSU AND THE LSU AGRICULTURAL CENTER.
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IRS990/PrincipalOfficerNm0ROBERT M STUART JR
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH ACCOUNTING GUIDANCE INCLUDED IN THE ACCOUNTING STANDARDS CODIFICATION (ASC). THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE RECORDED AT THE LARGEST AMOUNT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED. CHANGES IN THE RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE FOUNDATION HAS EVALUATED ITS POSITION REGARDING THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0OPERATION OF STUDENT-CENTRIC RETAIL FOR THE NICHOLSON GATEWAY PROJECT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE HOUSING FOR UPPER-CLASS AND GRADUATE STUDENTS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LOUISIANA STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0726000848
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0204 THOMAS BOYD HALL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BATON ROUGE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0LA
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0TAX VALUE
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT M STUART JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KATE SPIKES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2LEU ANNE GRECO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SECRETARY
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IRS990ScheduleJ/SeverancePaymentInd00
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER PROVIDES THE FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW AND SEEKS COMMENT AND FEEDBACK PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS AND OFFICERS COMPLETE A DISCLOSURE STATEMENT QUESTIONNAIRE ON AN ANNUAL BASIS IN WHICH THEY ARE ASKED TO PROVIDE INFORMATION ON ENTITIES IN WHICH THEY ARE BOARD MEMBERS, PARTNERS, OFFICERS, AND PRINCIPAL OWNERS, AND TO INDICATE WHETHER THEY, ANY IMMEDIATE FAMILY MEMBER, OR COMPANY WITH WHICH THEY OR AN IMMEDIATE FAMILY MEMBER ARE AFFILIATED, HAVE OR IS SEEKING CONTRACTUAL RELATIONS WITH THE LSU PROPERTY FOUNDATION OR LSU. ADDITIONALLY, THE BOARD PERIODICALLY PERFORMS A DETAILED REVIEW OF THE CONFLICTS OF INTEREST POLICY, AS WELL AS THE POLICY IS REVIEWED BY NEW MEMBERS UPON JOINING THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS ARE FILED WITH THE LOUISIANA SECRETARY OF STATE'S OFFICE AND ARE AVAILABLE TO THE PUBLIC. THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON LSU FOUNDATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SUPPLEMENTAL DISCLOSURE: LSU PROPERTY FOUNDATION DOES NOT HAVE ANY DIRECT EMPLOYEES. A RELATED ORGANIZATION, THE LSU FOUNDATION, DIRECTLY EMPLOYS AND FUNDS APPLICABLE SALARY EXPENSES RELATED TO STAFF ASSISTING WITH ADMINISTRATIVE FUNCTIONS OF THE LSU PROPERTY FOUNDATION. THE LSU FOUNDATION GATHERS EXTERNAL,INDEPENDENT SALARY SURVEYS OF EXECUTIVE COMPENSATION FOR RELEVANT PEER GROUPS. THE LSU FOUNDATION'S TALENT MANAGEMENT COMMITTEE REVIEWS AND DISCUSSES THE SURVEYS IN CONJUNCTION WITH AN ANNUAL REVIEW OF COMPENSATION FOR OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE LSU PROPERTY FOUNDATION DOES NOT HAVE AN AUDIT COMMITTEE. HOWEVER, THE LSU PROPERTY FOUNDATION IS INCLUDED IN THE AUDITED CONSOLIDATED GAAP-BASIS FINANCIAL STATEMENTS WHICH INCORPORATE THE LSU FOUNDATION AND RELATED ORGANIZATIONS. THE LSU FOUNDATION BOARD OF DIRECTORS HAS AN AUDIT COMMITTEE WHOSE BOARD-APPROVED AUDIT COMMITTEE CHARTER PROVIDES, AMONG OTHER POWERS, OVERSIGHT BY THE AUDIT COMMITTEE OF THE EXTERNAL AUDIT OF THE FINANCIAL STATEMENTS AND COMMUNICATIONS WITH THE INDEPENDENT AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, QUESTION 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0LSU MUSEUM LLC

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