Nonprofit · EIN 46-4858854
LABI FOUNDATION
Tax-exempt · BATON ROUGE, LA 70801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $159,600 | $166,151 | -$6,551 | $40,073 | $0 | $40,073 |
| December 31, 2023 | 990 | $475,000 | $504,614 | -$29,614 | $46,624 | $0 | $46,624 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $110,000
- Program service revenue
- $49,600
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,450
- Travel
- $6,131
- Program services (functional)
- $93,339
- Management and general (functional)
- $72,812
Balance sheet and other
- Total assets, start of year
- $46,624
- Total assets, end of year
- $40,073
- Total liabilities, end of year
- $0
- Net assets, end of year
- $40,073
- Net assets without donor restrictions
- $40,073
- Gross receipts
- $159,600
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2014
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Maura Donahue | President Trustee or director, Officer | 1 | $0 |
| Reldon Owens | Vice President Trustee or director, Officer | 1 | $0 |
| Clay Allen | Treasurer Trustee or director, Officer | 1 | $0 |
| Christopher Kinsey | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Maura Donahue | President Trustee or director, Officer | 1 | $0 |
| Reldon Owens | Vice President Trustee or director, Officer | 1 | $0 |
| Clay Allen | Treasurer Trustee or director, Officer | 1 | $0 |
| Christopher Kinsey | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 500 MAIN ST, BATON ROUGE, LA 70801-1908
- In care of
- % WANDA ALLPHIN
- Mailing address (990-N for 2015)
- 3113 Valley Creek Drive, Baton Rouge LA 70808
- Principal officer (990 for 2024)
- Will Green, 500 Main Street, Baton Rouge, LA 70801
- Principal officer (990-N for 2015)
- Maura Donahue, 3113 Valley Creek Drive, Baton Rouge LA 70808
- Signed the 990
- Will Green, President
- Phone
- (225) 928-5388
- Return prepared by
- Hawthorn Waymouth & Carroll LLP
Mission
To partner with business leaders to educate and help deliver successful strategies to maximize Louisiana's economic potential by offering educational materials and programs on areas of importance in Louisiana.
Program accomplishments
- Offered educational materials and programs on issues of importance in the State of Louisiana. These activities include, but are not limited to, panel discussions, conferences, presentations, research and communications that are beneficial to the mission of LABI Foundation.Expenses $93,339 · revenue $49,600
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4858854
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J19)
- Assets (IRS master file)
- $40,073
- Income (IRS master file)
- $159,600
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $159,600 | $166,151 | $40,073 | XML |
| 990 | December 2023 | $475,000 | $504,614 | $46,624 | XML |
| 990 | December 2022 | $383,943 | $460,672 | $76,238 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Maura Donahue | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-4858854).
Questions about LABI FOUNDATION
- What is the EIN of LABI FOUNDATION?
- The employer identification number (EIN) of LABI FOUNDATION is 46-4858854.
- Is LABI FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to LABI FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LABI FOUNDATION 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 LABI FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LABI FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LABI FOUNDATION?
- The 990 for the year ended December 31, 2024 names Will Green.
- Who are the officers and directors of LABI FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does LABI FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $159,600, expenses of $166,151 and total assets of $40,073 at year end.
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