2024-11-14T15:38:01-06:00 2024-06-30 720398470 HEARD MCELROY & VESTAL LLC 333 TEXAS STREET SUITE 1525 SHREVEPORT LA 71101 990 2023-07-01 680522870 INNOVATIVE STUDENT FACILITIES INC INNO 3182572445 PO BOX 3164 RUSTON LA 71270 CHRIS BARR CHAIRMAN 3182557912 2024-11-11 1 0 JENNIFER M HILL P00712786 3184291525 2024-11-11 2023 2024-10-15 13:58:12Z CHRIS BARR PO BOX 3164 RUSTON LA 71270 12210997 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. 6 6 0 7 0 0 1143620 18500 10943064 11151879 672859 735445 239337 305173 12998880 12210997 450000 0 0 0 0 0 0 0 0 11624224 12723261 12074224 12723261 924656 -512264 164207156 158180916 149358450 143844474 14848706 14336442 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 12691027 11457052 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. 12691027 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 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 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 TRANE US INC PO BOX 845053 DALLAS TX 752845053 HVAC REPAIR & MAINTENANCE 818820 CITY OF RUSTON PO BOX 2069 RUSTON LA 71273 PEDESTRIAN TRAIL REIMBURSEMENT 631609 LINCOLN BUILDERS OF RUSTON 1809 NORTHPOINTE LN 201 RUSTON LA 71270 CONSTRUCTION SERVICES 150000 CLEAN MASTERS MAINTENANCE SYSTEMS PO BOX 142 SIMSBORO LA 71275 CLEANING SERVICES 145830 DARBONNE CONSTRUCTION 324 MAIN STREET 501 GRAMBLING LA 71245 CLEANING SERVICES 121684 5 18500 18500 RENTAL INCOME 531110 11151879 11151879 11151879 334396 334396 401049 401049 OTHER INCOME 900099 200642 200642 INSURANCE REIMBURSEMENT 900099 104531 104531 305173 12210997 11457052 0 735445 5635030 5635030 5413326 5413326 MAINTENANCE 1637422 1637422 OTHER ADMINISTRATIVE EX 32234 32234 ARBITRAGE REBATE EXPENS 5249 5249 12723261 12691027 32234 0 8107890 7567936 1162422 190291103 42123582 152359038 148167521 2577806 2445459 164207156 158180916 49111 644696 145925488 141229439 1233675 1063875 1554591 1502049 149358450 143844474 X -717427 -769338 15566133 15105780 14848706 14336442 164207156 158180916 -512264 0 X X 0 1 X 1 0 X X 1 LOUISIANA TECH UNIVERSITY 726000792 2 1 0 0 1 0 0 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 4012339 4012339 165282969 36029757 129253212 2481065 632122 1848943 3677786 1869118 1808668 14836944 3592585 11244359 148167521 ACCRUED INTEREST PAYABLE 1496800 ARBITRAGE REBATE PAYABLE 5249 1502049 X 12210997 0 12210997 0 12210997 12723261 0 12723261 0 12723261 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 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 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 EMAILS A COPY OF THE 990 TO THE ENTIRE BOARD WITH A REQUEST TO CONTACT CHRIS BARR (CHAIRMAN) OR DICKIE CRAWFORD (DIRECTOR) WITH ANY QUESTIONS BY A DEADLINE (USUALLY A FEW DAYS PRIOR TO THE RETURN DUE DATE). IF NO QUESTIONS, THE CHAIRMAN WILL SIGN THE RETURN. 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 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 UNIVERSITY OF LOUISIANA SYSTEM J 11151879 ACCRUAL METHOD LOUISIANA TECH UNIVERSITY FOUNDATION C 18500 ACCRUAL METHOD LOUISIANA TECH UNIVERSITY Q 200642 ACCRUAL METHOD