2024-01-31T10:31:33-06:00 2023-06-30 720398470 HEARD MCELROY & VESTAL LLC 333 TEXAS STREET SUITE 1525 SHREVEPORT LA 71101 990 2022-07-01 680522870 INNOVATIVE STUDENT FACILITIES INC INNO 3182572445 PO BOX 3164 RUSTON LA 71270 CHRIS BARR CHAIRMAN 3182557912 2024-01-25 1 CHRIS BARR 999009999 0 JENNIFER M HILL P00712786 3184291525 2024-01-18 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRIS BARR PO BOX 3164 RUSTON LA 71270 12998880 0 X N/A X 2002 LA THE PURPOSE OF INNOVATIVE STUDENT FACILITIES, INC. SHALL BE TO PROMOTE, ASSIST AND BENEFIT THE EDUCATIONAL MISSION OF LOUISIANA TECH UNIVERSITY UNDER THE MANAGEMENT AND CONTROL OF THE BOARD OF SUPERVISORS FOR THE UNIVERSITY OF LOUISIANA SYSTEM. THE IMPLEMENTATION OF THIS MISSION SHALL INCLUDE ANY LAWFUL ACTIVITY DEEMED BY THE CORPORATION NECESSARY OR ADVISABLE IN ORDER TO SUPPORT AND ASSIST THE UNIVERSITY IN CARRYING OUT ITS MISSION AND OBJECTIVES. 7 7 0 7 0 0 2573177 1143620 9315500 10943064 429550 672859 224818 239337 12543045 12998880 0 450000 0 0 0 0 0 0 0 10914620 11624224 10914620 12074224 1628425 924656 167914414 164207156 153990364 149358450 13924050 14848706 X THE PURPOSE OF INNOVATIVE STUDENT FACILITIES, INC. SHALL BE TO PROMOTE, ASSIST AND BENEFIT THE EDUCATIONAL MISSION OF LOUISIANA TECH UNIVERSITY UNDER THE MANAGEMENT AND CONTROL OF THE BOARD OF SUPERVISORS FOR THE UNIVERSITY OF LOUISIANA SYSTEM. THE IMPLEMENTATION OF THIS MISSION SHALL INCLUDE ANY LAWFUL ACTIVITY DEEMED BY THE CORPORATION NECESSARY OR ADVISABLE IN ORDER TO SUPPORT AND ASSIST THE UNIVERSITY IN CARRYING OUT ITS MISSION AND OBJECTIVES. 0 0 12038668 450000 11182401 TO ACQUIRE, CONSTRUCT, DEVELOP, AND MANAGE STUDENT HOUSING & OTHER FACILITIES ON THE CAMPUS OF LOUISIANA TECH UNIVERSITY IN RUSTON, LOUISIANA. INNOVATIVE STUDENT FACILITIES LEASES THE STUDENT HOUSING TO LOUISIANA TECH UNIVERSITY. 12038668 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X X DICKIE CRAWFORD 3182572445 100 KEENY CIRCLE/LOUISIANA TECH RUSTON LA 71272 X DR DICKIE CRAWFORD DIRECTOR 2.00 X 0 0 0 DR JAMES KING DIRECTOR 1.00 X 0 0 0 DAN HOLLINGSWORTH DIRECTOR 0.10 X 0 0 0 RUSSELL NOLAN DIRECTOR 0.10 X 0 0 0 CONNIE HOWARD SEC/TREASURER 0.10 X X 0 0 0 DR JEAN HALL VICE CHAIRMAN 0.10 X X 0 0 0 CHRIS BARR CHAIRMAN 0.50 X X 0 0 0 0 0 0 0 0 0 0 LINCOLN BUILDERS OF RUSTON 1809 NORTHPOINTE LN 201 RUSTON LA 71270 CONSTRUCTION SERVICES 4385666 TRIAD BUILDERS AND TRIAD MAINTENANCE SER 401 W MISSISSIPPI AVE RUSTON LA 71270 CONSTRUCTION SERVICES 1065533 TRANE US INC PO BOX 845053 DALLAS TX 752845053 HVAC REPAIR & MAINTENANCE 727376 APPALACHIAN UNIVERSITY SYSTEMS INC 150 COMMERCIAL CT ALABASTER AL 35007 DESIGN/INTERIOR FURNISHINGS 332966 TIPTON ASSOCIATES APAC 449 WESTMORELAND DR BATON ROUGE LA 70806 DESIGN & REPAIR WORK 218522 5 1105020 38600 1143620 RENTAL INCOME 531110 10943064 10943064 10943064 271810 271810 401049 401049 OTHER INCOME 900099 212837 212837 TRANSFER FROM LOUISIANA TECH 900099 23500 23500 2016A OTHER INCOME 900099 3000 3000 239337 12998880 11182401 0 672859 450000 450000 5831377 5831377 3928868 3928868 MAINTENANCE 1828423 1828423 OTHER ADMINISTRATIVE EX 35556 35556 12074224 12038668 35556 0 16003978 8107890 1162422 4868 189201640 36842602 149195415 152359038 2710153 2577806 167914414 164207156 644696 644696 150436537 145925488 1299252 1233675 1609879 1554591 153990364 149358450 X -2293437 -717427 16217487 15566133 13924050 14848706 167914414 164207156 924656 0 X X 0 1 X 1 0 X X 1 LOUISIANA TECH UNIVERSITY 726000792 2 1 0 450000 1 0 450000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4012340 4012340 166695384 23403604 143291780 862773 478119 384654 3677786 1033643 2644143 13953357 11927236 2026121 152359038 ACCRUED INTEREST PAYABLE 1554591 1554591 X 12998880 0 12998880 0 12998880 12074224 0 12074224 0 12074224 PART X, LINE 2: INNOVATIVE STUDENT FACILITIES, INC. QUALIFY AS TAX-EXEMPT ENTITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS, BUT THE CORPORATION IS REQUIRED TO FILE AN ANNUAL INFORMATION RETURN. THE CORPORATION IS ALSO REQUIRED TO REVIEW VARIOUS TAX POSITIONS THEY HAVE TAKEN WITH RESPECT TO THEIR EXEMPT STATUS AND DETERMINE WHETHER IN FACT THEY ARE TAX EXEMPT ENTITIES. THE CORPORATION MUST ALSO CONSIDER WHETHER THEY HAVE NEXUS IN JURISDICTIONS IN WHICH THEY HAVE INCOME AND WHETHER A TAX RETURN IS REQUIRED IN THOSE JURISDICTIONS. IN ADDITION, AS TAX EXEMPT ENTITIES, THE CORPORATION MUST ASSESS WHETHER THEY HAVE ANY TAX POSITIONS ASSOCIATED WITH UNRELATED BUSINESS INCOME SUBJECT TO INCOME TAX. THE CORPORATION DOES NOT EXPECT THEIR POSITIONS TO CHANGE SIGNIFICANTLY OVER THE NEXT TWELVE MONTHS, AND ANY PENALTIES RELATED TO LATE FILING OR OTHER REQUIREMENTS WOULD BE RECOGNIZED AS PENALTIES EXPENSE IN THE ACCOUNTING RECORDS. THE CORPORATION FILES U.S. FEDERAL FORM 990 FOR INFORMATIONAL PURPOSES. THE CORPORATION'S FEDERAL INCOME TAX RETURNS FOR THE TAX YEARS 2019 AND AFTER WILL REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. 0 LOUISIANA TECH UNIVERSITY 201 MAYFIELD AVE RUSTON LA 71272 726000792 0 450000 APPRAISAL LAND DONATION OF LAND TO LOUISIANA TECH UNIVERSITY A LA LOCAL GOVT ENVIRONMENTAL FACILITIES & COMMUNITY DEV AUTHORITY 721416168 546282VP6 2013-06-06 19065000 DEFEASE 2003 BONDS, RENOVATION OF STUDENT HOUSING FACILITIES 0 0 0 B LA LOCAL GOVT ENVIRONMENTAL FACILITIES & COMMUNITY DEV AUTHORITY 721416168 546282FH2 2014-04-01 9000000 RENOVATION OF THE SOUTH END ZONE FOOTBALL STADIUM 0 0 0 C LA LOCAL GOVT ENVIRONMENTAL FACILITIES & COMMUNITY DEV AUTHORITY 721416168 5462822H6 2015-12-01 43020000 DEFEASE 2007 BONDS, RENOVATION OF STUDENT HOUSING AND RECREATIONAL FACILTIES 0 0 0 D LA LOCAL GOVT ENVIRONMENTAL FACILITIES & COMMUNITY DEV AUTHORITY 721416168 NC0000852 2016-06-01 4000000 ACQUISITION AND RENOVATION OF STUDENT HOUSING AND PARKING FACILITIES 0 0 0 A 19065000 19065000 1 0 1 1 B 9000000 9000000 2015 0 0 1 1 C 43020000 43020000 1 0 0 1 D 4000000 3867024 2019 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 1 A 0 B 0 C 0 D 0 A LA LOCAL GOVT ENVIRONMENTAL FACILITIES & COMMUNITY DEV AUTHORITY 721416168 5462823W2 2016-08-16 36695000 ACQUISITION AND RENOVATION OF STUDENT HOUSING AND PARKING FACILITIES 0 0 0 B LA LOCAL GOVT ENVIRONMENTAL FACILITIES & COMMUNITY DEV AUTHORITY 721416168 54628CMJ8 2020-05-01 49145000 ACQUISITION AND RENOVATION OF STUDENT HOUSING AND PARKING FACILITIES 0 0 0 A 36695000 36324047 2019 0 0 0 1 B 49145000 23031587 1 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 0 B 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION CALLS A SPECIAL BOARD MEETING TO REVIEW THE FORM 990. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. LOUISIANA TECH UNIVERSITY P O BOX 3178 RUSTON LA 71272 726000792 UNIVERSITY LA 501(C)3 LINE 2 N/A 0 UNIVERSITY OF LOUISIANA SYSTEM 1201 NORTH THIRD STREET SUITE 7-300 BATON ROUGE LA 70802 UNIVERSITY LA 501(C)3 LINE 2 N/A 0 LOUISIANA TECH UNIVERSITY FOUNDATION PO BOX 3183 TECH STATION RUSTON LA 71272 726021176 UNIVERSITY FOUNDATION LA 501(C)3 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 1 1 0 UNIVERSITY OF LOUISIANA SYSTEM J 10943064 ACCRUAL METHOD LOUISIANA TECH UNIVERSITY FOUNDATION C 1105020 ACCRUAL METHOD LOUISIANA TECH UNIVERSITY D 644696 ACCRUAL METHOD LOUISIANA TECH UNIVERSITY Q 239337 ACCRUAL METHOD LOUISIANA TECH UNIVERSITY R 450000 APPRAISED VALUE