LSU IN SHREVEPORT FOUNDATION INC

EIN: 721031108 501(c)(3) Education

SHREVEPORT, LA

Total Revenue
$2,763,181
Total Expenses
$2,170,322
Total Assets
$36,784,495
Net Assets
$26,638,718
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
LA
Principal Officer
HARDY FOREMAN
Phone
3187975278
Tax Period
2024-07-01 to 2025-06-30

LSU IN SHREVEPORT FOUNDATION INC, founded in 1983, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $593K, a strong 21% operating margin.

Mission

THE LSUS FOUNDATION IS A 501(C)(3) NONPROFIT CORPORATION WHOSE SOLE MISSION IS TO FOSTER PRIVATE SUPPORT FOR LOUISIANA STATE UNIVERSITY IN SHREVEPORT, MANAGE INVESTMENTS, AND SERVE AS TRUSTEE FOR FUNDS AND OTHER CONTRIBUTED ASSETS FOR BENEFIT OF THE UNIVERSITY. THE LSUS FOUNDATION PROMOTES PHILANTHROPIC SUPPORT FOR LSUS PROGRAMS AND AREAS OF STUDY WHILE RECOGNIZING THE ALL-IMPORTANT GROWTH AND SUCCESS OF ECONOMIC DEVELOPMENT IN NORTHWEST LOUISIANA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,479,289
Program Service Revenue $0
Investment Income $1,120,878
Other Revenue $163,014
TOTAL REVENUE $2,763,181

Expense Breakdown

Grants Paid $709,969
Salaries & Benefits $0
Fundraising Expenses $47,743
Program Expenses $1,641,830
Other Expenses $1,460,353
TOTAL EXPENSES $2,170,322

Year-over-Year Comparison

2024 2023 Change
Revenue $2,763,181 $3,037,741 -0.1%
Expenses $2,170,322 $2,624,786 -0.2%
Net Income $592,859 $412,955 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
3
Volunteers
18

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
4
$144,950
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE BROWN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL H WOODS SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
BRIAN HAMM DIRECTOR 1.00
Director
$0 $0 $0
GEORGE FRITZE DIRECTOR 1.00
Director
$0 $0 $0
SIDNEY E KENT DIRECTOR 1.00
Director
$0 $0 $0
DR LANE ROSEN DIRECTOR 1.00
Director
$0 $0 $0
B BRUCE SIMON DIRECTOR 1.00
Director
$0 $0 $0
EDIE WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
HARDY FOREMAN PRESIDENT 2.00
Officer Director
$0 $0 $0
STEPHEN R YANCEY II IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
MERRITT CHASTAIN DIRECTOR 1.00
Director
$0 $0 $0
SUSAN HARDTNER DIRECTOR 1.00
Director
$0 $0 $0
TERRY MOORE DIRECTOR 1.00
Director
$0 $0 $0
MIKE MCCARTHY DIRECTOR 1.00
Director
$0 $0 $0
JANIE RICHARDSON DIRECTOR 1.00
Director
$0 $0 $0
STEFANI Y'BARBO DIRECTOR 1.00
Director
$0 $0 $0
MIKE TURNER DIRECTOR 1.00
Director
$0 $0 $0
BRIAN NEWTON DIRECTOR 1.00
Director
$0 $0 $0
LAURA PERDUE EXECUTIVE DIRECTOR 40.00
Officer
$0 $8,782 $144,950
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
2025 $2,763,181 $2,170,322 $36,784,495 $592,859
2024 No data No data No data No data
2023 $1,929,702 $1,761,604 $30,888,371 $168,098
2022 $2,098,535 $1,635,439 $29,097,303 $463,096
2021 $1,263,904 $1,356,988 $32,890,849 $-93,084
2020 $2,765,618 $1,695,048 $26,368,866 $1,070,570
2019 $1,537,828 $1,523,661 $26,374,823 $14,167
2018 $1,969,484 $1,833,422 $26,441,284 $136,062
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