Nonprofit · EIN 58-2087281
RESEARCH PARK CORPORATION
Tax-exempt · BATON ROUGE, LA 70806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,296,253 | $4,452,364 | -$156,111 | $20,085,002 | $859,602 | $19,225,400 |
| December 31, 2023 | 990 | $3,200,845 | $3,899,234 | -$698,389 | $20,374,616 | $1,329,275 | $19,045,341 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,102,342
- of which government grants
- $1,482,097
- Program service revenue
- $279,194
- Investment income
- $1,861,522
- Net gain from sales of assets
- $1,557,967
- Other revenue
- $53,195
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $156,664
- Salaries, compensation and benefits (total)
- $1,341,310
- Professional fundraising fees
- $0
- Legal fees
- $70,011
- Accounting fees
- $36,450
- Occupancy
- $66,070
- Travel
- $37,188
- Depreciation
- $474,506
- Program services (functional)
- $3,849,164
- Management and general (functional)
- $603,200
Balance sheet and other
- Total assets, start of year
- $20,374,616
- Total assets, end of year
- $20,085,002
- Total liabilities, end of year
- $859,602
- Net assets, end of year
- $19,225,400
- Land, buildings and equipment
- $152,108
- Publicly traded securities
- $16,118,157
- Net assets without donor restrictions
- $19,225,400
- Gross unrelated business income
- $53,170
- Gross receipts
- $10,440,065
- Employees
- 13
- Volunteers
- 150
- Year formed
- 1992
- 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 | Other / benefits |
|---|---|---|---|---|
| FREDERICK STEPHEN LOY | EXECUTIVE DIRECTOR Officer | 40 | $156,664 | $35,704 |
| CALVIN MILLS JR | INTERIM PRESIDENT & CEO Trustee or director, Officer | 40 | $182,292 | $0 |
| DR MICHAEL STUBBLEFIELD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANITA TILLMAN | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| ISAAC THOMAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROSS REILLY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANITA BYRNE | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| TREY GODFREY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TERRY LANDRY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TEDRA CHEATHAM | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR ROBERT TWILLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR WILLIE SMITH SR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MONETTE DAVIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MACKENZIE RODRIGUEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FREDERICK STEPHEN LOY | EXECUTIVE DIRECTOR Officer | 40 | $189,730 | $52,122 |
| CALVIN MILLS JR | INTERIM PRESIDENT & CEO Trustee or director, Officer | 40 | $175,000 | $0 |
| DR MICHAEL STUBBLEFIELD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANITA TILLMAN | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| ISAAC THOMAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROSS REILLY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANITA BYRNE | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| TREY GODFREY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TERRY LANDRY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TEDRA CHEATHAM | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR ROBERT TWILLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR WILLIE SMITH SR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MONETTE DAVIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MACKENZIE RODRIGUEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7117 FLORIDA BLVD, BATON ROUGE, LA 70806-4549
- Principal officer (990 for 2024)
- ALTON ZANDERS, 7117 FLORIDA BLVD, BATON ROUGE, LA 70806
- Signed the 990
- ALTON ZANDERS, PRESIDENT & CEO
- Phone
- (225) 218-1100
- Website
- WWW.NEXUSLA.ORG
- Return prepared by
- LAPORTE APAC
Mission
RESEARCH PARK CORPORATION WAS ORGANIZED TO ATTRACT INDUSTRIES TO BATON ROUGE AND THE STATE OF LOUISIANA. THE ORGANIZATION'S MISSION IS TO ACCELERATE THE GROWTH OF HIGH-POTENTIAL TECHNOLOGY ENABLED COMPANIES BY PROVIDING THEM WITH COACHING, CAPITAL AND CONNECTIONS.
Program accomplishments
- DEVELOPING A RESEARCH PARK FOR THE CITY OF BATON ROUGE IN ORDER TO ATTRACT VARIOUS INDUSTRIES TO LOUISIANA. RESEARCH PARK CORPORATION WORKED WITH APPROXIMATELY 40 START-UP COMPANIES IN 2023 BY PROVIDING THE START-UPS WITH ALL OF THE PHYSICAL THINGS NEEDED TO START A BUSINESS, SUCH AS OFFICE SPACE, FURNITURE, PHONES, INTERNET CONNECTIVITY, AND USE OF A SHARED CONFERENCE ROOM. RESEARCH PARK CORPORATION ALSO PROVIDES BUSINESS COUNSELING IN THE AREAS OF ACCOUNTING, FINANCE, TAX CREDITS, MARKETING, AND PUBLIC RELATIONS. RESEARCH PARK CORPORATION ALSO EDUCATES THE START-UP COMPANIES AND LINKS THEM TO RESOURCES IN THE COMMUNITY THROUGH IN HOUSE EDUCATIONAL WORKSHOPS, ADVISORY BOARD PROGRAMS, AND ITS STRATEGIC PARTNER NETWORK.Expenses $3,849,164 · revenue $279,219
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
- 58-2087281
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30Z)
- Assets (IRS master file)
- $20,085,002
- Income (IRS master file)
- $10,440,065
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,296,253 | $4,452,364 | $20,085,002 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,200,845 | $3,899,234 | $20,374,616 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $2,578,258 | $2,859,029 | $18,588,963 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 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 58-2087281).
Questions about RESEARCH PARK CORPORATION
- What is the EIN of RESEARCH PARK CORPORATION?
- The employer identification number (EIN) of RESEARCH PARK CORPORATION is 58-2087281.
- Is RESEARCH PARK CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to RESEARCH PARK CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RESEARCH PARK CORPORATION 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 RESEARCH PARK CORPORATION 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 RESEARCH PARK CORPORATION 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 RESEARCH PARK CORPORATION?
- The 990 for the year ended December 31, 2024 names ALTON ZANDERS.
- Who are the officers and directors of RESEARCH PARK CORPORATION?
- The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $156,664 (FREDERICK STEPHEN LOY, EXECUTIVE DIRECTOR).
- How much revenue does RESEARCH PARK CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,296,253, expenses of $4,452,364 and total assets of $20,085,002 at year end.
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