2024-05-12T21:37:16-05:00 2023-06-30 923320348 EAG GULF COAST LLC 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2022-07-01 721006260 LOUISIANA SCHOOL FOR MATH SCIENCE AND THE ARTS FOUNDATION INC LOUI 3183572578 715 UNIVERSITY PARKWAY NATCHITOCHES LA 71457 M CHRISTINE ROBICHAUX PRESIDENT 3183572578 2024-05-10 1 M CHRISTINE ROBICHAUX 999009999 0 GINA RACHEL P01216293 2259224600 2024-05-07 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z M CHRISTINE ROBICHAUX 715 UNIVERSITY PARKWAY NATCHITOCHES LA 71457 1228841 0 X WWW.LSMSA.EDU/FOUNDATION X 1984 LA THE LOUISIANA SCHOOL FOR MATH, SCIENCE, AND THE ARTS FOUNDATION DEVELOPS AND MANAGES RESOURCES TO COMPLEMENT THE WORK OF THE LOUISIANA SCHOOL FOR MATH, SCIENCE, AND THE ARTS. THE FOUNDATION PROVIDES FOR THE EDUCATIONAL AND CULTURAL WELFARE OF STUDENTS AND FOR THE DEVELOPMENT AND ENRICHMENT OF FACULTY AND STAFF OF THE LOUISIANA SCHOOL FOR MATH, SCIENCE, AND THE ARTS. 17 17 3 30 0 0 684515 946519 0 0 35922 44453 757 22723 721194 1013695 370545 277613 0 0 280708 298793 0 0 162494 254988 158256 906241 734662 -185047 279033 1306874 1591166 60678 29418 1246196 1561748 X THE LOUISIANA SCHOOL FOR MATH, SCIENCE, AND THE ARTS FOUNDATION DEVELOPS AND MANAGES RESOURCES TO COMPLEMENT THE WORK OF THE LOUISIANA SCHOOL FOR MATH, SCIENCE, AND THE ARTS. THE FOUNDATION PROVIDES FOR THE EDUCATIONAL AND CULTURAL WELFARE OF STUDENTS AND FOR THE DEVELOPMENT AND ENRICHMENT OF FACULTY AND STAFF OF THE LOUISIANA SCHOOL FOR MATH, SCIENCE, AND THE ARTS. 0 0 437539 277613 THE LOUISIANA SCHOOL FOR MATH, SCIENCE, AND THE ARTS FOUNDATION DEVELOPS AND MANAGES RESOURCES TO ENHANCE THE WORK OF THE LOUISIANA SCHOOL FOR MATH, SCIENCE, AND THE ARTS, A PREEMINENT, STATE-SUPPORTED, RESIDENTIAL HIGH SCHOOL FOR LOUISIANA'S HIGH ACHIEVING SOPHOMORES, JUNIORS, AND SENIORS. 437539 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHELE ROBINSON 3183572578 715 UNIVERSITY PARKWAY NATCHITOCHES LA 71457 X STERLING AUGUSTINE TRUSTEE 1.00 X 0 0 0 NAHLA BEIER TRUSTEE 1.00 X 0 0 0 GRANT BELGARD TREASURER 4.00 X X 0 0 0 AMANDA CALLAIS TRUSTEE 1.00 X 0 0 0 PAUL CARTER TRUSTEE 1.00 X 0 0 0 BRANDON DANIEL TRUSTEE 1.00 X 0 0 0 HEATH DEJEAN TRUSTEE 1.00 X 0 0 0 KATE LOWRY TRUSTEE 1.00 X 0 0 0 BEN MARCEL SECRETARY 2.00 X X 0 0 0 SEEMA PATEL TRUSTEE 1.00 X 0 0 0 CHRIS ROBICHAUX PRESIDENT 4.00 X X 0 0 0 SUE ROSENTHAL VICE PRESIDENT 2.00 X X 0 0 0 CLAYTON TROSCLAIR TRUSTEE 1.00 X 0 0 0 JOHN ALLEN ADVISOR 1.00 X 0 0 0 SHARON GAHAGAN ADVISOR 1.00 X 0 0 0 KIRBY HOPKINS ADVISOR 1.00 X 0 0 0 STEVE HORTON ADVISOR 1.00 X 0 0 0 TEDRA CHEATHAM TRUSTEE 1.00 X 0 0 0 JACKIE FLETCHER TRUSTEE 1.00 X 0 0 0 PATRICE MOULTON TRUSTEE 1.00 X 0 0 0 GBRIAN SMITH TRUSTEE 1.00 X 0 0 0 JENNIFER PERRY ADVISOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 946519 7126 946519 31621 31621 209 209 227978 215146 12832 12832 12832 ALUMNI EVENT 900099 17065 17065 BAD DEBT RECOVERY 900099 5371 5371 OTHER REVENUE 611110 78 78 22514 1013695 22436 0 44740 206386 206386 71227 71227 264032 103468 81051 79513 5537 2170 1700 1667 9984 3912 3065 3007 19240 7611 5836 5793 17900 17900 63190 25399 17 37774 3885 1469 1263 1153 18968 7173 6165 5630 6070 3694 1942 434 4642 4642 STAFF DEVELOPMENT 10213 3583 2948 3682 PRINTING 9162 170 129 8863 BANK CHARGES AND MERCHA 6819 30 6789 TAXES, LICENSES, & PERM 6236 6236 11171 1247 1182 8742 734662 437539 134629 162494 122881 79757 157890 127454 30190 18900 0 0 0 0 994313 1363958 1600 1097 1306874 1591166 37600 18092 23078 11326 60678 29418 X 610496 452526 635700 1109222 1246196 1561748 1306874 1591166 279033 36519 0 X X 0 1 X 1 0 X X 1 LOUISIANA SCHOOL FOR MATH SCIENCE AND THE ARTS 720944463 6 1 277613 0 1 277613 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X 0 0 PART VI SECTION D LINE 2 THE LSMSA EXECUTIVE DIRECTOR, CHAIR AND VICE CHAIR OF THE LSMSA BOARD OF DIRECTORS HAVE ADVISORY POSITIONS ON THE FOUNDATION BOARD OF TRUSTEES. THE FOUNDATION EXECUTIVE DIRECTOR REGULARLY MEETS WITH LSMSA ADMINISTRATORS AND IS INVITED TO PROVIDE A REPORT TO THE LSMSA BOARD OF DIRECTORS AND ATTEND THEIR QUARTERLY MEETINGS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 227038 66667 17433 311138 332652 16666 -25153 97127 227038 281440 16667 34545 332652 423370 50000 4208 196138 281440 483312 35213 8477 103632 423370 0.16070 0.83930 0 0 0 ACCRUED EXPENSES 11326 11326 X 1093818 36519 48975 85494 1008324 5371 5371 1013695 778266 48975 -5371 43604 734662 0 734662 PART V, LINE 4: THE STUDENT ENRICHMENT FUND ENHANCES THE LSMSA LIVING/LEARNING ENVIRONMENT BY EXPANDING EDUCATIONAL OPPORTUNITIES FOR ALL STUDENTS. THIS FUND RESTS ON THE BOARD OF TRUSTEES' PLEDGE THAT NO QUALIFIED STUDENT SHOULD BE DENIED AN OPPORTUNITY AT LSMSA BECAUSE OF FINANCIAL NEED. FUNDING GENERALLY FALLS INTO FOUR MAIN CATEGORIES OF NEED: COMPETITIONS, WORKSHOPS AND CONFERENCES; MENTAL HEALTH AND WELL-BEING; LIVING/LEARNING SUPPORT; AND COLLEGE PLANNING. THE EXCELSIOR FUND RECOGNIZES EXCELLENCE IN STUDENT AND COMMUNITY LEADERSHIP BY PROVIDING AN ANNUAL AWARD TO A SENIOR STUDENT ENROLLED AT LSMSA WHO DEMONSTRATES THESE QUALITIES. THE PRAECELLEMUS FUND BRINGS VISITING SCHOLARS, ARTISTS, AND RESEARCHERS FROM AROUND THE COUNTRY TO THE LSMSA CAMPUS IN NATCHITOCHES. NATIONALLY RENOWNED EXPERTS DISCUSS THEIR WORK WITH STUDENTS AND FACULTY, BRINGING NEW DIMENSIONS TO THE LEARNING EXPERIENCE. THE IDEA FUND SUPPORTS THE LSMSA IDEA ADVISORY COUNCIL'S GOAL TO ADDRESS AND ADVISE THE IMPLEMENTATION OF POLICY CHANGE THAT WILL MAKE LSMSA A MORE DIVERSE AND INCLUSIVE COMMUNITY FOR ALL THROUGH FORMATION AND DISTRIBUTION OF A CLIMATE SURVEY, POLICY REVIEW, IMPLEMENTATION OF THE DIALOGUE ON RACE IN LOUISIANA SERIES, AND CREATION OF A DEDICATED INTERNET PAGE WHERE STUDENTS CAN FIND RESOURCES OR SEEK HELP. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE. THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE INCOME TAX 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 POSITIONS REGARDING THE ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND DOES NOT BELIEVE IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT RECOVERY INCLUDED IN INCOME PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBTS INCLUDED IN INCOME PART XI, LINE 2D: ITEMS TO RECONCILE TAX RETURN TO AUDITED FINANCIAL STATEMENTS INCLUDE DONATED SERVICES, AND BOOK TO TAX DIFFERENCES. 0 LOUISIANA SCHOOL FOR MATH SCIENCE AND THE ARTS 715 UNIVERSITY PKWY NATCHITOCHES LA 71457 720944463 501(C)(3) 206386 0 TO SUPPORT SCHOOL STUDENT FINANCIAL ASSISTANCE 247 45187 STUDENT AWARDS 2 200 FACULTY AWARDS 10 24690 GRANT FOR TEACHING PROGRAM 2 1150 PART II LINE 1 THE LSMSA FOUNDATION PROVIDES GRANTS OR ASSISTANCE IN ACCORDANCE WITH ITS STATED MISSION TO THE LOUISIANA SCHOOL FOR MATH, SCIENCE, AND THE ARTS ("THE SCHOOL") IN THE FORM OF DIRECT PAYMENTS AND REIMBURSEMENTS OF EXPENSES MADE FOR IN SUPPORT OF THE BENEFICIARY PURPOSES FOR WHICH PRIVATE FUNDS WERE CONTRIBUTED TO THE FOUNDATION. THE FOUNDATION MAKES PAYMENTS DIRECTLY TO GRANTEES OR VENDORS BASED ON DOCUMENTATION PROVIDED BY THE SCHOOL OR REIMBURSES EXPENSES AS A GRANT OR ASSISTANCE TO THE SCHOOL. THE SCHOOL MAKES AVAILABLE TO THE FOUNDATION ALL DOCUMENTATION IN SUPPORT OF INDIVIDUAL ITEMS OF EXPENSE AND THIS DOCUMENTATION IS ALSO MADE AVAILABLE TO THE FOUNDATION'S EXTERNAL AUDITORS. FORM 990, PART VI, SECTION A, LINE 4 ON DECEMBER 20, 2021, A SPECIAL MEETING OF THE MEMBERS OF THE FOUNDATION WAS HELD, WHERE THE MEMBERS APPROVED AND ADOPTED THE SECOND AMENDED AND RESTATED ARTICLES OF INCORPORATION OF THE FOUNDATION (THE "NEW ARTICLES"). THE NEW ARTICLES REVISE THE FOUNDATION'S STRUCTURE TO PROVIDE THAT THE FOUNDATION WILL HAVE NO MEMBERS, AND TO REMOVE PROVISIONS RELATED TO COMPOSITION AND SELECTION OF THE BOARD OF TRUSTEES, OFFICERS OF THE FOUNDATION, AND REQUIREMENTS FOR THE CALLING OF MEETINGS OF THE FOUNDATION THAT ARE NOT REQUIRED TO BE INCLUDED IN THE ARTICLES OF INCORPORATION AND ARE DETAILED IN THE FOUNDATION'S BYLAWS. AT A MEETING OF THE TRUSTEES OF THE FOUNDATION ON JANUARY 14, 2022, THE TRUSTEES FORMALLY APPROVED AND ADOPTED THE AMENDED AND RESTATED BYLAWS OF THE FOUNDATION (THE "NEW BYLAWS"). THE NEW BYLAWS (1) REMOVE MEMBERSHIP-RELATED PROVISIONS RESULTING FROM THE FOUNDATION BECOMING A NON-MEMBER ORGANIZATION, (2) CREATE A NEW CLASS OF TRUSTEES TITLED "SPECIAL TRUSTEES" TO SERVE SHORTER TERMS THAN OTHER FOUNDATION TRUSTEES, (3) PROVIDE FOR THE REMOVAL OF TRUSTEES UNDER CERTAIN CIRCUMSTANCES, (4) INTRODUCE LIMITS ON THE NUMBER OF TRUSTEES WHO MAY BE INTERESTED PERSONS, (5) PROVIDE FOR LIMITATION OF LIABILITY OF TRUSTEES FOR ACTIONS TAKEN IN PERFORMANCE OF A TRUSTEE'S DUTIES AS PRESCRIBED IN THE NEW BYLAWS, AND (6) INTRODUCE A CLASS OF NON-VOTING NONTRUSTEE ADVISORS WHO ARE ENTITLED TO ATTEND AND PARTICIPATE IN MEETINGS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED IN DETAIL WITH THE FOUNDATION DIRECTOR AND FOUNDATION BOARD PRESIDENT. THE FOUNDATION DIRECTOR PROVIDES A COPY OF THE 990 TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE ANNUALLY SIGNS A STATEMENT AFFIRMING RECEIPT OF THE CONFLICT OF INTEREST POLICY AND COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S EXECUTIVE COMMITTEE RESEARCHES COMPENSATION FOR EQUIVALENT POSITIONS AT SIMILAR ORGANIZATIONS AND CONSULTS, AS NECESSARY, WITH AN INDEPENDENT CONSULTING FIRM WHEN DETERMINING COMPENSATION PACKAGES ANNUALLY. THE EXECUTIVE COMMITTEE RECOMMENDS COMPENSATION ANNUALLY TO THE FULL GOVERNING BODY FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.