LOUISIANA FARM BUREAU FOUNDATION INC

EIN: 581970561 501(c)(3) Education

BATON ROUGE, LA

Total Revenue
$43,567
Total Expenses
$46,587
Total Assets
$791,251
Net Assets
$708,464
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
LA
Principal Officer
JIM HARPER
Phone
2259226200
Tax Period
2023-01-01 to 2023-12-31

LOUISIANA FARM BUREAU FOUNDATION INC, founded in 1991, is a micro nonprofit in the Education sector that reported $44K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Net assets of $708K represent 195 months of operating reserves.

Mission

THE FOUNDATION SEEKS TO ENCOURAGE STUDENTS TO PURSUE A DEGREE AT A COLLEGE OR UNIVERSITY IN A CURRICULUM BENEFITTING AGRICULTURE IN SOME DIRECT OR INDIRECT MANNER. THE FOUNDATION ALSO PROVIDES DISASTER RELIEF FOR VICTIMS OF CATASTROPHIC EVENTS SUCH AS HURRICANES AND FLOODS. FUNDS RAISED FOR THESE PURPOSES ARE DISBURSED TO VICTIMS WHO ARE AFFECTED BY SUCH EVENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $28,814
Program Service Revenue $0
Investment Income $18,564
Other Revenue $-3,811
TOTAL REVENUE $43,567

Expense Breakdown

Grants Paid $38,100
Salaries & Benefits $0
Fundraising Expenses $2,992
Program Expenses $38,100
Other Expenses $8,487
TOTAL EXPENSES $46,587

Year-over-Year Comparison

2023 2022 Change
Revenue $43,567 $49,696 -0.1%
Expenses $46,587 $141,091 -0.7%
Net Income $-3,020 $-91,395 -1.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
18
Independent Members
16
Employees
N/A
Volunteers
200

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$62,700
Total Directors
22
$100,866
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM HARPER PRESIDENT 10.00
Officer Director
$0 $0 $50,100
MARTY WOOLDRIDGE VICE-PRESIDENT 1.00
Officer Director
$0 $0 $3,200
SCOTT M WIGGERS JR VICE-PRESIDENT 1.00
Officer Director
$0 $0 $3,000
RICHARD FONTENOT VICE-PRESIDENT 1.00
Officer Director
$0 $0 $3,200
MICHAEL G MELANCON SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $3,200
LOYD DODSON BOARD MEMBER 1.00
Director
$0 $0 $3,000
EMERSON E OAKS IV BOARD MEMBER 1.00
Director
$0 $0 $2,800
WILLIAM STUTTS BOARD MEMBER 1.00
Director
$0 $0 $3,600
RYAN YERBY BOARD MEMBER 1.00
Director
$0 $0 $2,600
SCOTTY FONTENOT BOARD MEMBER 1.00
Director
$0 $0 $1,400
BRYAN CHURCHMAN BOARD MEMBER 1.00
Director
$0 $0 $1,400
JOEY J OLIVIER BOARD MEMBER 1.00
Director
$0 $0 $2,416
KENT BROWN BOARD MEMBER 1.00
Director
$0 $0 $1,800
JAMES COX BOARD MEMBER 1.00
Director
$0 $0 $1,400
ALLEN MCLAIN BOARD MEMBER 1.00
Director
$0 $0 $3,000
BOB KELLY BOARD MEMBER 1.00
Director
$0 $0 $1,800
JOHN THOMPSON BOARD MEMBER 1.00
Director
$0 $0 $1,400
MATTHEW GRAVOIS BOARD MEMBER 1.00
Director
$0 $0 $3,000
JASON LEBLANC BOARD MEMBER 1.00
Director
$0 $0 $1,400
BOBBY SIMONEAUX BOARD MEMBER 1.00
Director
$0 $0 $1,000
MICHELE SIMONEAUX BOARD MEMBER 1.00
Director
$0 $0 $2,600
ROBERT DUNCAN BOARD MEMBER 1.00
Director
$0 $0 $3,550
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $43,567 $46,587 $791,251 $-3,020
2022 $49,696 $141,091 $785,124 $-91,395
2021 $187,412 $175,662 $884,492 $11,750
2020 $198,253 $101,097 $873,510 $97,156
2018 $33,158 $50,504 $770,317 $-17,346
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