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Lmta Foundation INC FY2022 filing

Tax-deductible

Baton Rouge, LA501(c)(3)EducationEIN 46-3724946

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Our mission is to promote and advance the longevity and success of louisiana's trucking industry.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $509K a year · 51% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$16K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$972K
-0.5% vs prior year
Spent
$769K
To programs
99%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$972K
FY2022▼ -0.5%
Revenue by fiscal year
FY2020$1.0M
FY2021$977K
FY2022$972K
FY2023$973K
FY2024$1000K
Expenses
$769K
FY2022▲ +14%
Expenses by fiscal year
FY2020$54K
FY2021$678K
FY2022$769K
FY2023$342K
FY2024$578K
Net assets
$1.5M
FY2022▲ +16%
Net assets by fiscal year
FY2020$989K
FY2021$1.3M
FY2022$1.5M
FY2023$2.1M
FY2024$2.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $763K Management & general 1% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Mike Beck
Treasurer
$0Pt VII · Sec A
Tom O'Neal
Chairman
$0Pt VII · Sec A
Greg Stewart
Board Member
$0Pt VII · Sec A
Larry Terrell
Board Member
$0Pt VII · Sec A
Ellis Vliet
Board Member
$0Pt VII · Sec A
See Lmta Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports and improves Louisiana's trucking industry for long-term success.

Provided by the organization

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1 program · $763K · in their own filed words · FY2022
01

The organization provides networking to its members, promotes the trucking industry, cultivates growth opportunities for its members, and helps its members comply with regulatory requirements.

$763Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $100K · 2022–2022
Lctcs FoundationLA · FY2022$100,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$972K
Ln 12
Fees for servicesLn 2g$968K
Investment incomeLn 3$4K
Money outPt IX
$769K
Ln 25
Programscol B$763K
Managementcol C$6K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.5M
LiabilitiesLn 26$16K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$968K
Investment incomeLn 3$4K
Total revenueLn 12$972K
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Other assetsLn 15$7K
Total assetsLn 16$1.5M
LiabilitiesLn 26$16K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.1M$1.3M
Total assetsLn 16$1.3M$1.5M
LiabilitiesLn 26$13K$16K
Net assetsLn 32$1.3M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$100K$100K
Management feesLn 11a$185K$185K
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$35K$30K$5K
Advertising and promotionLn 12$371K$371K
Office expensesLn 13$1K$1K
Conferences, conventions and meetingsLn 19$50K$49K$260
InsuranceLn 23$4K$4K
Total functional expensesLn 25$769K$763K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1000K$578K$422K$2.5M 990 PDF
FY2023 $973K$342K$631K$2.1M 990 PDF
FY2022 Viewing $972K$769K$202K$1.5M 990 PDF
FY2021 $977K$678K$299K$1.3M 990 PDF
FY2020 $1.0M$54K$989K$989K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $971,649 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $967,994$967,994
VIII-3 Investment incomeExcluded from tax $3,655$3,655
VIII-12 Total revenueRelated to mission $967,994 · Excluded from tax $3,655$971,649
Part IX · Statement of functional expenses $769,296 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $100,000$100,000
IX-11a Management feesPrograms $184,575$184,575
IX-11b Legal feesPrograms $12,699$12,699
IX-11c Accounting feesPrograms $11,065$11,065
IX-11g Other fees for servicesPrograms $30,000 · Management $5,000$35,000
IX-12 Advertising and promotionPrograms $371,035$371,035
IX-13 Office expensesManagement $1,074$1,074
IX-19 Conferences, conventions and meetingsPrograms $49,298 · Management $260$49,558
IX-23 InsurancePrograms $4,290$4,290
IX-25 Total functional expensesPrograms $762,962 · Management $6,334 · Fundraising $0$769,296
Part X · Balance sheet $1,507,358 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,080,836$1,285,064
X-4 Accounts receivableStart of year $212,319$212,100
X-9 Prepaid expenses and deferred chargesStart of year $2,759$2,735
X-15 Other assetsStart of year $6,259$7,459
X-16 Total assetsStart of year $1,302,173$1,507,358
X-17 Accounts payable and accrued expensesStart of year $13,450$16,282
X-26 Total liabilitiesStart of year $13,450$16,282
X-27 Net assets without donor restrictionsStart of year $1,288,723$1,491,076
X-32 Total net assets or fund balancesStart of year $1,288,723$1,491,076
X-33 Total liabilities and net assetsStart of year $1,302,173$1,507,358
Part XI · Reconciliation of net assets $1,491,076 net assets at year end
XI-1 Total revenue$971,649
XI-2 Total expenses$769,296
XI-3 Revenue less expenses$202,353
XI-4 Net assets at start of year$1,288,723
XI-10 Net assets at end of year$1,491,076

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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