LCTCS FACILITIES CORPORATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- LCTCS FACILITIES CORPORATION (EIN 26-1871311)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-04
- IRS object ID
- 201123089349301807
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-04T15:27:18-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAPORTE SEHRT ROMIG & HAND APAC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 VETERANS MEMORIAL BLVD SUITE 60 | AddressLine1 |
| City | METAIRIE | City |
| State | LA | State |
| ZIP Code | 700054958 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261871311 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LCTCS FACILITIES CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LCTC | NameControl |
| Phone | 5045447700 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 ST CHARLES AVENUE NO 4240 | AddressLine1 |
| City | NEW ORLEANS | City |
| State | LA | State |
| ZIP Code | 70170 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEPHEN C SMITH | Name |
| Title | PRESIDENT | Title |
| Phone | 5045447700 | Phone |
| Date Signed | 2011-11-03 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AMY E WALTERS CPA CCIFP | Name |
| Phone | 5048355522 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | STEPHEN C SMITH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 ST CHARLES AVE SUITE 4240 | AddressLine1 |
| City | NEW ORLEANS | City |
| State | LA | State |
| ZIP Code | 70170 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 18140124 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | LCTCS.CSRSONLINE.COM/PROGRAM/FACILITIES.ASP | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2007 | YearFormation |
| State Legal Domicile | LA | StateLegalDomicile |
| Activity Or Mission Description | TO DEVELOP, ACQUIRE, PURCHASE, REPAIR, IMPROVE, RENOVATE, AND EXPAND CERTAIN PUBLIC FACILITIES ON FOURTEEN OF THE EXISTING CAMPUSES OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM,INCLUDING ALL FURNISHINGS, FIXTURES AND EQUIPMENT INCIDENTAL OR NECESSARY IN CONNECTION THEREWITH (THE "FACILITIES") FOR VARIOUS COMMUNITY AND TECHNICAL COLLEGE CAMPUSES (THE "COLLEGES"), SUCH FACILITIES LOCATED ON LAND OWNED OR TO BE OWNED BY THE BOARD OF SUPERVISORS OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM (THE "BOARD") ALL IN ACCORDANCE WITH ACT 391 OF THE 2007 REGULAR SESSION OF THE LOUISIANA LEGISLATURE; PAYING CAPITALIZED INTEREST ON THE SERIES 2009 AND 2010 BONDS; FUNDING A DEBT SERVICE RESERVE FUND; AND PAYING COSTS OF ISSUANCE OF THE SERIES 2009 AND 2010 BONDS, INCLUDING THE PREMIUMS FOR THE BOND INSURANCE POLICIES INSURING THE SERIES 2009A AND 2010 BONDS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 4 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 4 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 4 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2000000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 17960742 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1067 | InvestmentIncomePriorYear |
| Investment Income Current Year | 179377 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2001067 | TotalRevenuePriorYear |
| Total Revenue Current Year | 18140119 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1907351 | OtherExpensePriorYear |
| Other Expenses Current Year | 5466139 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1907351 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5466139 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 93716 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 12673980 | RevenuesLessExpensesCY |
| Total Assets BOY | 68380173 | TotalAssetsBOY |
| Total Assets EOY | 152842147 | TotalAssetsEOY |
| Total Liabilities BOY | 68300937 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 140165257 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 79236 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 12676890 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO REPAIR, IMPROVE, RENOVATE, AND CONSTRUCT FACILITIES ON FOURTEEN OF THE EXISTING CAMPUSES OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5464798 | Expense |
| Description | TO REPAIR, IMPROVE, RENOVATE, AND CONSTRUCT FACILITIES ON FOURTEEN OF THE EXISTING CAMPUSES OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM. LCTCS FACILITIES CORPORATION ESTIMATES THAT IT WILL EXPEND APPROXIMATELY $177 MILLION ON THE PROJECTS. THE FOLLOWING LOUISIANA TECHNICAL AND COMMUNITY COLLEGE CAMPUSES WILL BE REPAIRED, IMPROVED, RENOVATED, AND CONSTRUCTED: 1) EVANGELINE CAMPUS; ST MARTINVILLE, LA - REPLACEMENT OF CAMPUS BUILDING PROJECTED $9,200,000 IMPROVEMENT 2) HUEY P. LONG CAMPUS; WINNFIELD, LA - REPLACEMENT AND RELOCATION OF FACILITIES ESTIMATED $11,500,000 IMPROVEMENT 3) NORTHWEST LOUISIANA CAMPUS; MINDEN, LA - EXPANSION OF CAMPUS APPROXIMATED $16,100,000 IMPROVEMENT 4) YOUNG MEMORIAL CAMPUS; MORGAN CITY, LA - CONSTRUCTION OF BUILDINGS FOR NON-MARINE PROGRAMS PROJECTED $5,980,000 IMPROVEMENT 5) FLORIDA PARISHES CAMPUS; GREENSBURG, LA - ACQUISITION OF EIGHT-ACRE SITE AND CONSTRUCTION OF FACILITIES ESTIMATED $9,200,000 IMPROVEMENT 6) WESTSIDE CAMPUS; PLAQUEMINE, LA - REPLACEMENT OF BUILDINGS AND RELOCATION OF CAMPUS APPROXIMATED $3,450,000 IMPROVEMENT 7) GULF AREA CAMPUS; ABBEVILLE, LA - RESTORATION OF CURRENT FACILITIES PROJECTED $6,900,000 IMPROVEMENT 8) SHELBY M. JACKSON CAMPUS; FERRIDAY, LA - REPAIR AND REPLACEMENT OF FACILITIES ESTIMATED $5,175,000 IMPROVEMENT 9) SIDNEY N. COLLIER CAMPUS; NEW ORLEANS, LA - RELOCATION AND ACQUIRING OF LAND AND BUILDING APPROXIMATED $13,685,000 IMPROVEMENT 10) L.E. FLETCHER TECHNICAL COMMUNITY COLLEGE; HOUMA, LA - CONSTRUCTION OF CLASSROOM LAB AND OFFICE BUILDING PROJECTED $24,495,000 IMPROVEMENT 11) SOWELA TECHNICAL COMMUNITY COLLEGE; LAKE CHARLES, LA - ACQUISITION OF LAND AND CONSTRUCTION OF CLASSROOM AND STUDENT FACILITIES ESTIMATED $14,950,000 IMPROVEMENT 12) RIVER PARISHES COMMUNITY COLLEGE; SORRENTO, LA - ACQUIRE LAND AND CONSTRUCTION OF ADDITIONAL FACILITIES APPROXIMATED $19,550,000 IMPROVEMENT 13) DELGADO COMMUNITY COLLEGE; NEW ORLEANS, LA - RESTORE ISSAC DELGADO HALL AND STUDENT SERVICES, RELOCATE MARITIME AND INDUSTRIAL TRAINING CENTER, AND DEMOLTION AND CONSTRUCTION OF LEARNING RESOURCES CENTER PROJECTED $16,035,962.25 IMPROVEMENT 14) ELAINE P. NUNEZ COMMUNITY COLLEGE; CHALMETTE, LA - RESTORE ARTS AND SCIENCE BUILDING, RESTORE ALLIED HEALTH BUILDING, RESTORE PHYSICAL ACTIVITY CENTER, RESTORE SHOP BUILDING B, RESTORE CLASSROOM BUILDING A, AND CONSTRUCTION OF ADDITIONAL SECOND FLOOR ESTIMATED $5,993,933.40 IMPROVEMENT 15) CONSTRUCTION OF STATEWIDE STUDENT AND FINANCIAL INFORMATION SYSTEM APPROXIMATED $11,500,000 IMPROVEMENT | Description |
| Total Program Service Expense | 5464798 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 4 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 4 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5045447700 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 ST CHARLES AVENUE NO 4240 | AddressLine1 |
| City | NEW ORLEANS | City |
| State | LA | State |
| ZIP Code | 70170 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (4 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| STEPHEN C SMITH | ||||||
| CHAIRMAN/PRESIDENT | 10.00 | X | X | 0 | 0 | 0 |
| JUDGE LAMBERT C BOISSIERE JR | ||||||
| TREASURER | 0.50 | X | X | 0 | 0 | 0 |
| JUDGE U GENE THIBODEAUX | ||||||
| BOARD MEMBER | 0.50 | X | X | 0 | 0 | 0 |
| JUDGE BILLY WAYNE MONTGOMERY | ||||||
| BOARD MEMBER | 0.50 | X | X | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CSRS INC | |||||
| 6767 PERKINS ROAD SUITE 200 | BATON ROUGE | LA | 70808 | PROGRAM MANAGER | 1328284 |
| WALKER CONSTRUCTION | |||||
| 535 PAR ROAD 141 | RUSTON | LA | 71270 | CONTRACTOR SERVICES | 600136 |
| UNITED PROFESSIONALS COMPANY | |||||
| 201 ST CHARLES AVE SUITE 4240 | NEW ORLEANS | LA | 70170 | CONSULTING SERVICES | 419998 |
| BREAZEALE SACHSE WILSON LLP | |||||
| 1 AMERICAN PLACE 23RD FLOOR | BATON ROUGE | LA | 70821 | LEGAL SERVICES | 204121 |
| ARCHITECTURE PLUS | |||||
| 300 WASHINGTON ST 400 | MONROE | LA | 712016752 | REAL ESTATE DEVELOPMENT SERVICES | 203883 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 8 | NumberOfContractorsGT100K |
| Government Grants | 17960742 | GovernmentGrants |
| Total Contributions | 17960742 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 178236 | TotalRevenueColumn |
| Exclusion | $178,236 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1146 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1141 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1141 | TotalRevenueColumn |
| Exclusion | $1,141 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18140119 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $179,377 | ExclusionAmount |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1755776 | Total |
| Program Services | 1755776 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51045 | Total |
| Program Services | 51045 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 463 | Total |
| Management And General | 463 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3458170 | Total |
| Program Services | 3458170 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 199807 | Total |
| Program Services | 199807 | ProgramServices |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS EXPENSE | Description |
| Total | 878 | Total |
| Management And General | 878 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5466139 | Total |
| Program Services | 5464798 | ProgramServices |
| Management And General | 1341 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3518123 | BOY |
| EOY | 114812405 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59954194 | BOY |
| EOY | 30134170 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3700261 | LandBuildingsEquipmentBasis |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3347857 | BOY |
| EOY | 3700261 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1559999 | BOY |
| EOY | 4195311 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68380173 | BOY |
| EOY | 152842147 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1234495 | BOY |
| EOY | 2343032 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67066442 | BOY |
| EOY | 137822225 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68300937 | BOY |
| EOY | 140165257 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79236 | BOY |
| EOY | 12676890 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79236 | BOY |
| EOY | 12676890 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68380173 | BOY |
| EOY | 152842147 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 12673980 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -76326 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 2000000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 17960742 | CurrentTaxYear |
| Total | 19960742 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 2000000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 17960742 | CurrentTaxYear |
| Total | 19960742 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 19960742 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 1123 | CurrentTaxYearMinus1Year |
| Current Tax Year | 178236 | CurrentTaxYear |
| Total | 179359 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 20140101 | TotalSupport |
| First5 Years170 | X | First5Years170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3700261 | OtherCostOrOtherBasis |
| Book Value | 3700261 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3700261 | TotalOfBookValueLandBuildings |
| Total Revenue | 18140119 | TotalRevenue |
| Total Expenses | 5466139 | TotalExpenses |
| Excess Or Deficit For Year | 12673980 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -76326 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -76326 | TotalAdjustments |
| Excess Or Deficit Per FS | 12597654 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 18063793 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -76326 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -76326 | RevenueNotRptdF990 |
| Revenue Subtotal | 18140119 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 18140119 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 5466139 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5466139 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 5466139 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | THE CORPORATION'S 2007 THROUGH 2009 TAX RETURNS WERE FILED APPROPRIATELY. AS OF MAY 24, 2011, THE CORPORATION HAD NOT FILED THEIR 2010 TAX RETURN BUT HAD FILED THE NECESSARY FORMS EXTENDING THE TIME TO FILE. THE CORPORATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. THE CORPORATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE CORPORATION'S OPEN AUDIT PERIODS ARE 2007 THROUGH 2009. MANAGEMENT EVALUATED THE CORPORATION'S TAX POSITION AND CONCLUDED THAT THE CORPORATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| LA LOCAL GOVERN ENVIRONMENTAL FACILITIES COMMUNITY DEVELOPMENT AUTHORITY | |||||||
| 132555119 | 546280EV6 | 2009-10-01 | 67066442 | TO REPAIR AND CONSTRUCT FACILITIES ON LA COMMUNITY AND TECH COLLEGE SYSTEM | 0 | 1 | 0 |
| LA LOCAL GOVERN ENVIRONMENTAL FACILITIES COMMUNITY DEVELOPMENT AUTHORITY | |||||||
| 132555119 | 546282EE0 | 2010-10-01 | 71127122 | TO REPAIR AND CONSTRUCT FACILITIES ON LA COMMUNITY AND TECH COLLEGE SYSTEM | 0 | 1 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Capital ExpendituresCapitalExpenditures | Amount UnspentAmountUnspent | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|
| 67836995 | 6706644 | 1458419 | 1018644 | 628871 | 7343850 | 50680567 | 0 | 0 | 0 | 1 |
| 71998303 | 7112712 | 368143 | 64517448 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
| 0 | 0 | 0 | 0 | 1 | 0.00000 | 0.00000 | 0.00000 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 | 1 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | LCTCS FACILITIES CORPORATION CONTRACTS WITH CSRS SERVICES, INC TO MANAGE THE CONSTRUCTION OF THE LCTCS FACILITIES. THE CONTRACT FOR CSRS SERVICES, INC WAS SUBMITTED UNDER A COMPETITIVE BID PROCESS. CSRS SERVICES, INC IS AN UNRELATED ENTITY TO LCTCS FACILITIES CORPORATION. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 IS PREPARED BY A PROFESSIONAL CPA FIRM AND SUBSEQUENTLY PRESENTED TO THE LCTCS FACILITIES CORPORATION BOARD FOR REVIEW AND ACCEPTANCE. | |
| THE CORPORATION ANNUALLY REQUIRES ALL BOARD MEMBERS TO DISCLOSE ANY POTENTIAL PERSONAL OR BUSINESS ASSOCIATIONS WHICH COULD BE PERCEIVED AS A CONFLICT OF INTEREST. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE CORPORATION IS GOVERNED BY A BOARD OF DIRECTORS, MEMBERS OF WHICH ALSO SERVE AS THE SOLE OFFICERS; THE CORPORATION DOES NOT HAVE TRUSTEES OR EMPLOYEES. PER SECTION 3.14 OF THE LCTCS FACILITIES CORPORATION BYLAWS, "COMPENSATION AND EXPENSES OF DIRECTORS", THE CORPORATION SHALL NOT PAY ANY COMPENSATION TO DIRECTORS FOR THEIR SERVICES RENDERED TO THE CORPORATION. THE CORPORATION MAY REIMBURSE DIRECTORS FOR REASONABLE EXPENSES ACTUALLY INCURRED IN THE PERFORMANCE OF THEIR DUTIES TO THE CORPORATION." | FORM 990, PART VI, SECTION B, LINE 15 | |
| THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED LOSSES ON INVESTMENTS: -76,326. | FORM 990, PART XI, LINE 5: |
| THE AUDIT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. | FORM 990, PART XI, LINE 2C: | |
| YEAR OF SUBSTANITAL COMPLETION | THE PROJECTED YEAR OF SUBSTANITAL COMPLETION IS 2014. HOWEVER, THE LINE HAS BEEN LEFT BLANK SINCE THE PROJECT HAS NOT YET BEEN COMPLETED. | SCHEDULE K, PART II, LINE 8: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEMS | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 265 SOUTH FOSTER DRIVE | AddressLine1 |
| City | BATON ROUGE | City |
| State | LA | State |
| ZIP Code | 70806 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | EDUCTIONAL | PrimaryActivities |
| Legal Domicile State | LA | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Public Charity Status | 170(B)(1)(A)(V) | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |