2017-02-10T16:17:28-06:00 2016-06-30 721086666 TWRU CPAS & FINANCIAL ADVISORS 527 E AIRPORT AVE BATON ROUGE LA 708066515 990 2015-07-01 710876144 BRCC FACILITIES CORPORATION BRCC 2253874000 ONE AMERICAN PLACE SUITE 2300 BATON ROUGE LA 70825 FABIAN BLACHE JR PRESIDENT 2253874000 2016-10-03 true SARA M DOWNING CPA P00072350 2259261050 2017-01-31 2015 2021-01-29 14:40:06Z FABIAN BLACHE JR 8442 EAST THURMAN DRIVE BATON ROUGE LA 70806 5178616 false X X 2002 LA THE EXEMPT PURPOSE OF THE CORPORATION IS TO CONSTRUCT A NUMBER OF BUILDINGS WITH ACADEMIC FACILITIES AND OFFICES FOR THE BATON ROUGE COMMUNITY COLLEGE (BRCC). THE CORPORATION PRESENTLY LEASES REAL PROPERTY LOCATED IN BATON ROUGE, LOUISIANA FROM THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM (LCTCS), A STATE INSTITUTION, AND HAS CONSTRUCTED FACILITIES AND WILL CONSTRUCT ADDITIONAL FACILITIES TO HOUSE THE CAMPUS OF BRCC, A STATE COMMUNITY COLLEGE OPERATED BY THE LCTCS. THE CONSTRUCTION WAS FINANCED THROUGH A BOND ISSUE BY THE LOUISIANA LOCAL GOVERNMENT ENVIRONMENT FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY (LCDA). THE FACILITIES ARE LEASED TO LCTCS UNDER A NET LEASE WITH AN OPTION TO PURCHASE THE FACILITIES OF THE BRCC. THE LEASE PAYMENTS FROM THE LEASE WILL BE USED TO REPAY THE BOND FINANCING.THE FUNDS FOR LCTCS TO PAY THE LEASE PAYMENTS WILL BE APPROPRIATED BY THE STATE OF LOUISIANA UNDER A COOPERATIVE ENDEAVOR AGREEMENT. AFTER THE BOND FINANCING IS REPAID, THE BUILDINGS WILL 3 3 0 0 750000 750000 0 335 17273 -413707 21775 336628 789048 0 0 0 0 0 23087 24531 23087 24531 313541 764517 60555772 59499809 56812452 54991972 3743320 4507837 X THE EXEMPT PURPOSE OF THE CORPORATION IS TO CONSTRUCT A NUMBER OF BUILDINGS WITH ACADEMIC FACILITIES AND OFFICES FOR THE BATON ROUGE COMMUNITY COLLEGE (BRCC). THE CORPORATION PRESENTLY LEASES REAL PROPERTY LOCATED IN BATON ROUGE, LOUISIANA FROM THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM (LCTCS), A STATE INSTITUTION, AND HAS CONSTRUCTED FACILITIES AND WILL CONSTRUCT ADDITIONAL FACILITIES TO HOUSE THE CAMPUS OF BRCC, A STATE COMMUNITY COLLEGE OPERATED BY THE LCTCS. THE CONSTRUCTION WAS FINANCED THROUGH A BOND ISSUE BY THE LOUISIANA LOCAL GOVERNMENT ENVIRONMENT FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY (LCDA). THE FACILITIES ARE LEASED TO LCTCS UNDER A NET LEASE WITH AN OPTION TO PURCHASE THE FACILITIES OF THE BRCC. THE LEASE PAYMENTS FROM THE LEASE WILL BE USED TO REPAY THE BOND FINANCING.THE FUNDS FOR LCTCS TO PAY THE LEASE PAYMENTS WILL BE APPROPRIATED BY THE STATE OF LOUISIANA UNDER A COOPERATIVE ENDEAVOR AGREEMENT. AFTER THE BOND FINANCING IS REPAID, THE BUILDINGS WILL false false 24531 THE EXEMPT PURPOSE OF THE CORPORATION IS TO CONSTRUCT A NUMBER OF BUILDINGS WITH ACADEMIC FACILITIES AND OFFICES FOR THE BATON ROUGE COMMUNITY COLLEGE (BRCC). THE CORPORATION PRESENTLY LEASES REAL PROPERTY LOCATED IN BATON ROUGE, LOUISIANA FROM THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM (LCTCS), A STATE INSTITUTION, AND HAS CONSTRUCTED FACILITIES AND WILL CONSTRUCT ADDITIONAL FACILITIES TO HOUSE THE CAMPUS OF BRCC, A STATE COMMUNITY COLLEGE OPERATED BY THE LCTCS. THE CONSTRUCTION WAS FINANCED THROUGH A BOND ISSUE BY THE LOUISIANA LOCAL GOVERNMENT ENVIRONMENT FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY (LCDA). THE FACILITIES ARE LEASED TO LCTCS UNDER A NET LEASE WITH AN OPTION TO PURCHASE THE FACILITIES OF THE BRCC. THE LEASE PAYMENTS FROM THE LEASE WILL BE USED TO REPAY THE BOND FINANCING.THE FUNDS FOR LCTCS TO PAY THE LEASE PAYMENTS WILL BE APPROPRIATED BY THE STATE OF LOUISIANA UNDER A COOPERATIVE ENDEAVOR AGREEMENT. AFTER THE BOND FINANCING IS REPAID, THE BUILDINGS WILL BE TRANSFERRED TO THE STATE OF LOUISIANA FOR THE USE OF LCTCS. 24531 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false X 3 3 false false false false false false false true true false false true true true true false true true true false X X R BOWSHER 2253874000 ONE AMERICAN PLACE SUITE 2300 BATON ROUGE LA 70801 X FABIAN BLACHE JR PRESIDENT X X 0 0 0 SEAN REILLY SECRETARY X X 0 0 0 JIMMY LYLES TREASURER X X 0 0 0 false false false 750000 750000 17273 17273 4411343 4389568 21775 21775 21775 789048 17273 21775 16606 16606 7925 7925 24531 24531 0 0 11073 9983 7085531 6610770 84060332 31864520 52718881 52195812 711460 629417 28827 53827 60555772 59499809 14257 515985 56613889 54296847 184306 179140 56812452 54991972 X -9 764508 3743329 3743329 3743320 4507837 60555772 59499809 764517 X false true X true false X 750000 750000 750000 750000 750000 3750000 750000 750000 750000 750000 750000 3750000 3750000 158 90 193 335 17273 18049 3768049 17273 0.99520 0.99970 X 72781835 20819570 51962265 11278497 11044950 233547 52195812 ACCRUED INTEREST 179140 179140 X 5178616 4389568 4389568 789048 789048 4414099 4389568 4389568 24531 24531 SCHEDULE D, PAGE 3, PART X CORPORATION MAY RECOGNIZE THE TAX BENEFIT FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE CORPORATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE CORPORATION HAS ANALYZED ITS TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE. THE CORPORATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE CORPORATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. GENERALLY, THE TAX YEARS BEFORE 2013 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES. THE PREPARER HAS NO BASIS TO QUESTION MANAGEMENT'S BELIEF THAT NO UNCERTAIN TAX POSITIONS EXIST. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL EXPENSES DEDUCTED FROM INCOME 4,389,568 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 4,389,568 A LLEFCDA 721416168 546289NG5 2011-10-11 33914965 REFUNDING OF 2002 BONDS false false false B LLEFCDA 721416168 546582QK3 2012-04-18 24365985 REFUNDING OF 2002 BONDS false false false C LA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMEN 721416168 546279SG6 2003-12-22 11250441 CONSTRUCT FACILITIES false false false A 33914965 188970 126115 2013 false true true true B 24365985 150781 2013 false true true true C 11250441 1045536 247500 9957405 false false true true A false false false false false false true B false false false false false false false C false false false false false false false A false false false false false false false false false B false false false false false false false false false C false false false false false false false false false A true B true C true SCHEDULE K - ADDITIONAL INFORMATION LA LOCAL GOVERNMENT ENVIRONMENTAL FIRST REBATE COMPUTATION COMPLETED DECEMBER 2008 SECOND REBATE COMPUTATION COMPLETED DECEMBER 2013 FORM 990 - ORGANIZATION'S MISSION THE EXEMPT PURPOSE OF THE CORPORATION IS TO CONSTRUCT A NUMBER OF BUILDINGS WITH ACADEMIC FACILITIES AND OFFICES FOR THE BATON ROUGE COMMUNITY COLLEGE (BRCC). THE CORPORATION PRESENTLY LEASES REAL PROPERTY LOCATED IN BATON ROUGE, LOUISIANA FROM THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM (LCTCS), A STATE INSTITUTION, AND HAS CONSTRUCTED FACILITIES AND WILL CONSTRUCT ADDITIONAL FACILITIES TO HOUSE THE CAMPUS OF BRCC, A STATE COMMUNITY COLLEGE OPERATED BY THE LCTCS. THE CONSTRUCTION WAS FINANCED THROUGH A BOND ISSUE BY THE LOUISIANA LOCAL GOVERNMENT ENVIRONMENT FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY (LCDA). THE FACILITIES ARE LEASED TO LCTCS UNDER A NET LEASE WITH AN OPTION TO PURCHASE THE FACILITIES OF THE BRCC. THE LEASE PAYMENTS FROM THE LEASE WILL BE USED TO REPAY THE BOND FINANCING.THE FUNDS FOR LCTCS TO PAY THE LEASE PAYMENTS WILL BE APPROPRIATED BY THE STATE OF LOUISIANA UNDER A COOPERATIVE ENDEAVOR AGREEMENT. AFTER THE BOND FINANCING IS REPAID, THE BUILDINGS WILL BE TRANSFERRED TO THE STATE OF LOUISIANA FOR THE USE OF LCTCS. FORM 990, PAGE 2, PART III, LINE 4A BOND FINANCING.THE FUNDS FOR LCTCS TO PAY THE LEASE PAYMENTS WILL BE APPROPRIATED BY THE STATE OF LOUISIANA UNDER A COOPERATIVE ENDEAVOR AGREEMENT. AFTER THE BOND FINANCING IS REPAID, THE BUILDINGS WILL BE TRANSFERRED TO THE STATE OF LOUISIANA FOR THE USE OF LCTCS. FORM 990, PAGE 6, PART VI, LINE 11B THE RETURNS ARE PHYSICALLY REVIEWED BY THE BOARD, THEN SIGNED BY THE CHAIRMAN BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD REGULARLY REVIEWED ALL DEALINGS FOR CONFLICTS OF INTEREST FORM 990, PAGE 6, PART VI, LINE 15A BRCC FACILITIES CORPORATION PAYS NO COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B BRCC FACILITIES CORPORATION PAYS NO SALARIES OR OTHER COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND TAX FILINGS AR E AVAILABLE UPON REQUEST AT THE OFFICES OF BREAZEALE, SACHSE & WILSON, 301 MAIN STREET, SUITE 2300, BATON ROUGE, LA 70801. LA LOCAL GOV ENV FACILITIES CDA COMMUNITY DEVELOPMENT AUTHORITY BATON ROUGE LA 70801 721416168 LA 501C3 6 NA false LOUISIANA COMMUNITY & TECHNICAL COL SYSTEM BATON ROUGE LA 70801 721441777 LA 501C3 6 NA false false false true false false false false false false true true false false false false false false false false LA LOCAL GOV ENV FACILITIES CDA C 750000 AGREEMENT LA COMMUNITY & TECHNICAL COLLEGE J 4411343 LEASE AGREEMENT LA COMMUNITY & TECHNICAL COLLEGE K 1 LEASE AGREEMENT