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Nonprofit · EIN 20-2249722

LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED

Also known as LBIA

Tax-exempt · BATON ROUGE, LA 70820

Financials

$96K$104K2022$203K$207K2023$214K$236K2024
Revenue Expenses · by fiscal year end
Financials of LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$214,298$235,704-$21,406$234,299$198,432$35,867
June 30, 2024990$202,559$207,253-$4,694$243,133$185,860$57,273
June 30, 2023990$95,938$104,104-$8,166$144,448$82,481$61,967
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$214,298
of which government grants
$212,789
Membership dues
$1,509
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$202,789
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$31,828
Program services (functional)
$202,789
Management and general (functional)
$32,915

Balance sheet and other

Total assets, start of year
$243,133
Total assets, end of year
$234,299
Total liabilities, end of year
$198,432
Net assets, end of year
$35,867
Net assets without donor restrictions
$35,867
Gross receipts
$214,298
Employees
0
Volunteers
0
Year formed
2005
State of legal domicile
LA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
JASON BOUDREAUXPRESIDENT
Trustee or director, Officer
6$0
WILL CAMPBELLVICE PRESIDENT
Trustee or director, Officer
1$0
KATHY WYATTSECRETARY
Trustee or director, Officer
2$0
KRISTY ELLIOTTTREASURER
Trustee or director, Officer
4$0
990 for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensation
JESSICA SCHIELEPRESIDENT
Trustee or director, Officer
6$0
JASON BOUDREAUXVICE PRESIDENT
Trustee or director, Officer
1$0
VIC LAFONTSECRETARY
Trustee or director, Officer
2$0
KRISTI ELLIOTTTREASURER
Trustee or director, Officer
4$0
990 for the year ended June 30, 2023: 4 people
NameTitleHours / weekCompensation
JESSICA SCHIELEPRESIDENT
Trustee or director, Officer
6$0
JASON BOUDREAUXVICE PRESIDENT
Trustee or director, Officer
1$0
VIC LAFONTSECRETARY
Trustee or director, Officer
2$0
KRISTI BARLOWTREASURER
Trustee or director, Officer
4$0

Address and contacts

Address (IRS master file)
8000 INNOVATION PARK DRIVE, BATON ROUGE, LA 70820-7400
In care of
% DIANE SIMEK
Principal officer (990 for 2024)
KRISTY ELLIOTT, 8000 INNOVATION PARK DRIVE, BATON ROUGE, LA 70820
Signed the 990
KRISTY ELLIOTT, TREASURER
Phone
(225) 218-1100
Return prepared by
HANNIS T BOURGEOIS LLP

Mission

TO SUPPORT AND STRENGTHEN BUSINESS INCUBATION (BUSINESS START-UPS) IN LOUISIANA BY HELPING THE 20+ BUSINESS INCUBATORS IN THE STATE PROVIDE THE MOST EFFECTIVE HANDS-ON MANAGEMENT PRINCIPLES AVAILABLE TO HELP ACCELERATE THE GROWTH AND DEVELOPMENT OF NEW BUSINESSES, THEREBY CREATING NEW AND BETTER PAYING JOBS FOR THE CITIZENS OF LOUISIANA.

990 for the year ended June 30, 2025

Program accomplishments

  • LBIA, UNDER A COOPERATIVE AGREEMENT (CEA) WITH THE LOUISIANA DEPARTMENT OF ECONOMIC DEVELOPMENT (LED), ADMINISTERS A GRANT PROGRAM ENTITLED LED/LBIA BUSINESS INCUBATOR SUPPORT PROGRAM. THE AWARDS MUST BE MATCHED BY A 20% CONTRIBUTION BY THE SELECTED GRANT RECIPIENTS. GRANTS MAY ONLY BE USED FOR CAPITAL ASSETS THAT LAST AT LEAST THREE YEARS AS WELL AS MEET THE FOLLOWING CRITERIA: 1) HELP THE RECIPIENT MEET STATED GOALS OF SERVING THE INCUBATORS' TENANTS/CLIENTS, 2) SAVE OR CREATE JOBS, 3) EXPAND/MODIFY/RENOVATE AN INCUBATOR FACILITY SO THAT THE INCUBATOR CAN PROVIDE ADDITIONAL SERVICES TO ITS TENANTS/CLIENTS, AND 4) INCREASE FUNDING SOURCES FOR ITS TENANTS/CLIENTS. IT IS A REIMBURSEMENT GRANT, PAID BY LED ONLY AFTER DOCUMENTATION IS PROVIDED TO LED THAT FUNDS HAVE BEEN APPROPRIATELY SPENT. A REVIEW COMMITTEE OF 3 MEMBERS REVIEWS GRANT APPLICATIONS AND SCORE THE APPLICATIONS USING REVIEW CRITERIA APPROVED BY LED. UNDER THE CEA, LBIA IS REQUIRED TO HAVE A STATE CERTIFIED CPA FIRM CONDUCT AN ANNUAL REVIEW AND ATTESTATION WHICH MUST BE SUBMITTED TO THE LOUISIANA LEGISLATIVE AUDITORS' OFFICE.
    Expenses $202,789 · grants $202,789 · revenue $214,298

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
20-2249722
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2006
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$234,299
Income (IRS master file)
$214,298

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$214,298$235,704$234,299XML
990June 2024$202,559$207,253$243,133XML
990June 2023$95,938$104,104$144,448XML
990June 2022$69,437$66,636$125,570IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2249722).

Questions about LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED

What is the EIN of LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED?
The employer identification number (EIN) of LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED is 20-2249722.
Is LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2006.
Are donations to LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED?
The 990 for the year ended June 30, 2025 names KRISTY ELLIOTT.
Who are the officers and directors of LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED?
The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does LOUISIANA BUSINESS INCUBATOR ASSOCIATION INCORPORATED have?
On its 990 for the year ended June 30, 2025 it reported revenue of $214,298, expenses of $235,704 and total assets of $234,299 at year end.

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