Labi Foundation: Nonprofit Profile, Financials & Form 990 (EIN 46-4858854)

Revenue by fiscal year
FY2020	$693K
FY2021	$222K
FY2022	$384K
FY2023	$475K
FY2024	$160K

Expenses by fiscal year
FY2020	$746K
FY2021	$71K
FY2022	$461K
FY2023	$505K
FY2024	$166K

Net assets by fiscal year
FY2020	$2K
FY2021	$153K
FY2022	$76K
FY2023	$47K
FY2024	$40K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2016.

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

Where the money goes

56 cents of each dollar spent went to programs.

56%

44%

Program services 56% · $93K Management & general 44% · $73K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation

Maura Donahue

President

$0Pt VII · Sec A

Reldon Owens

Vice President

$0Pt VII · Sec A

Clay Allen

Treasurer

$0Pt VII · Sec A

Christopher Kinsey

Director

$0Pt VII · Sec A

See Labi Foundation executive salaries →

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

Educates business leaders on strategies to boost Louisiana's economic potential.

Questions for Labi Foundation

Tap to ask. Labi Foundation sees how many people are interested.

Your first name shows with your question. Labi Foundation answers here, for everyone.

1 program · $93K · in their own filed words · FY2024

01

Offered educational materials and programs on issues of importance in the State of Louisiana. These activities include, but are not limited to, panel discussions, conferences, presentations, research and communications that are beneficial to the mission of LABI Foundation.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-4858854) · Dispute this line

$93Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

Community Foundation of Southwest LouisianaFY2024$10K

Union Pacific FoundationFY2024$5K

Total grants receivedfrom 2 funders$15K

Grants paid · 5 grants · $1.4M · 2020–2023

Louisiana Association of Business and IndustryLA · FY2023$300,000

Louisiana Association of Business and IndustryLA · FY2022$275,000

The Coalition to Restore Coastal LouisianaLA · FY2022$50,000

Louisiana Association of Business and IndustryLA · FY2021$39,000

Louisiana Association of Business and IndustryLA · FY2020$700,000

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$160K

Ln 12

Gifts and grantsLn 1h$110K

Fees for servicesLn 2g$50K

Money outPt IX

$166K

Ln 25

Programscol B$93K

Managementcol C$73K

Owns and owesPt X

$40K

net assets · Ln 32

Cash and savingsLn 1–2$30K

Total assetsLn 16$40K

LiabilitiesLn 26$0

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$110K

Fees for servicesLn 2g$50K

Total revenueLn 12$160K

Assets in detailPt X, end of year

CashLn 1$30K

Cash and savings togetherLn 1–2$30K

Accounts receivableLn 4$10K

Total assetsLn 16$40K

LiabilitiesLn 26$0

Net assetsLn 32$40K

OperationsPt I, VI

EmployeesI 50

VolunteersI 615

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$19K	$30K
Total assetsLn 16	$47K	$40K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$47K	$40K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$62K		$62K
Accounting feesLn 11c	$1K		$1K
Other fees for servicesLn 11g	$61K	$61K
Office expensesLn 13	$3K		$3K
TravelLn 17	$6K		$6K
Conferences, conventions and meetingsLn 19	$33K	$33K
Other expenses (24a–d)Ln 24	$200		$200
Total functional expensesLn 25	$166K	$93K	$73K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Aug 7, 2025	$160K	$166K	−$7K	$40K	990 PDF
FY2023Filed with the IRS Jul 10, 2024	$475K	$505K	−$30K	$47K	990 PDF
FY2022Filed with the IRS Nov 7, 2023	$384K	$461K	−$77K	$76K	990 PDF
FY2021Filed with the IRS Nov 14, 2022	$222K	$71K	$151K	$153K	990 PDF
FY2020Filed with the IRS Sep 14, 2021	$693K	$746K	−$53K	$2K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $159,600 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $475,000$110,000

I-9 Program service revenuePrior year $0$49,600

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $475,000$159,600

I-13 Grants and similar amounts paidPrior year $300,000$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $204,614$166,151

I-18 Total expensesPrior year $504,614$166,151

I-19 Revenue less expensesPrior year −$29,614−$6,551

Part VI · Governance 4 of 4 board members independent, 3 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $159,600 across 4 lines filed

VIII-1f All other contributions, gifts and grants$110,000

VIII-1h Total contributions, gifts and grants$110,000

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $49,600$49,600

VIII-12 Total revenueRelated to mission $49,600 · Unrelated business $0 · Excluded from tax $0$159,600

Part IX · Statement of functional expenses $166,151 across 7 lines filed

IX-11a Management feesManagement $62,394$62,394

IX-11c Accounting feesManagement $1,450$1,450

IX-11g Other fees for servicesPrograms $60,666$60,666

IX-13 Office expensesManagement $2,637$2,637

IX-17 TravelManagement $6,131$6,131

IX-19 Conferences, conventions and meetingsPrograms $32,673$32,673

IX-24 Other expenses (24a–d)Management $200$200

IX-25 Total functional expensesPrograms $93,339 · Management $72,812 · Fundraising $0$166,151

Part X · Balance sheet $40,073 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $19,104$30,452

X-4 Accounts receivableStart of year $27,520$9,621

X-16 Total assetsStart of year $46,624$40,073

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $46,624$40,073

X-32 Total net assets or fund balancesStart of year $46,624$40,073

X-33 Total liabilities and net assetsStart of year $46,624$40,073

Part XI · Reconciliation of net assets $40,073 net assets at year end

XI-1 Total revenue$159,600

XI-2 Total expenses$166,151

XI-3 Revenue less expenses−$6,551

XI-4 Net assets at start of year$46,624

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$40,073

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

Labi Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Labi Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV