NonprofitsLctcs Facilities Corporation

Education

Lctcs Facilities Corporation

METAIRIE, LA

Total revenue

$32.2M

Total expenses

$22.9M

Net assets

$118.8M

Grants received

EIN

261871311

Tax year

2024

Mission

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 and act 360 of the 2013 regular session of the louisiana legislature; paying capitalized interest on the series 2014,2017,2018 & 2019 bonds; funding a debt service reserve fund; and paying costs of issuance of the series 2014,2017,2018 & 2019 bonds, including the premiums for the bond insurance policies insuring the series 2014,2017,2018 & 2019 bonds.

Financials

FY 2024

Revenue

Contributions & grants$1.0M
Program service revenue$29.6M
Investment income$1.5M
Other revenue$53K
Total revenue$32.2M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$22.9M
Total expenses$22.9M
Total assets$407.0M
Net assets$118.8M

People

4 listed

NameRoleCompensation

STEPHEN C SMITH

BOARD CHAIR

Board

8 hrs/wk

LAMBERT C BOISSIERE JR

BOARD SECRETARY/TREASURER

Board

0.5 hrs/wk

JUDGE U GENE THIBODEAUX

BOARD DIRECTOR

Board

0.5 hrs/wk

BILLY WAYNE MONTGOMERY

BOARD DIRECTOR

Board

0.5 hrs/wk

Independent contractors

UNITED PROFESSIONALS COMPANY

CONSULTING SERVICES

$188K

Details

EIN261871311
NTEE codeB024
Subsection03
Ruling date2008-08
Formed2007
Employees0
Volunteers4
LCTCS FACILITIES CORPORATION — Mission, Financials & Grants Received | Grantivo