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LCTCS FACILITIES CORPORATION

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Public nonprofit record

LCTCS FACILITIES CORPORATION

EIN 26-1871311 · Education (B024)

What they do

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.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$32,204,830
Expenses$22,863,636
Annual surplus $9,341,194 Revenue was higher than expenses for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$37,829 · 0.2% of expenses
Reported executive compensation (total)$11,839,474 · 51.8% of expenses
Revenue$32,204,830
Expenses$22,863,636
Assets$407,032,323
Income$32,204,830
Contributions$1,022,541
Management and general$37,829
Executive compensation (total)$11,839,474
Stocks and bonds$1,913,564
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

See everyone listed on the board or leadership roster (4)

BILLY WAYNE MONTGOMERYBOARD DIRECTOR

JUDGE U GENE THIBODEAUXBOARD DIRECTOR

LAMBERT C BOISSIERE JRBOARD SECRETARY/TREASURER

STEPHEN C SMITHBOARD CHAIR

About this charity

Recognized since
January 2008
Location
3850 N CAUSEWAY BLVD 1930, METAIRIE, LA 70002
County
Jefferson Parish
In care of
STEPHEN C SMITH
Primary officer
STEPHEN C SMITH, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
LAPORTE APAC
NTEE classification
Education (B024)
IRS tax category
Other Management Consulting Services

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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