Lsu Real Estate and Facilities Foundation
Nonprofit profile at a glance
- EIN
- 812900408
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-N 2015
- Location
- Baton Rouge, LA, USA
- Phone
- 2255783811
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $20,418,617
- Expenses
- $4,722,972
- Assets
- $69,258,034
- Liabilities
- $19,077,678
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- ROBERT M STUART JR (PRESIDENT & CEO)
Highest reported compensation
- ROBERT M STUART JR (PRESIDENT & CEO): $445,250 total reported compensation
- KATE SPIKES (TREASURER): $297,572 total reported compensation
- LEU ANNE GRECO (SECRETARY): $225,097 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The lsu real estate and facilities foundation's mission is to promote the educational and cultural welfare of lsu, and to develop, expand and improve the lsu's usefulness to the citizens of Louisiana and the united states of america and to support and promote the value of lsu by providing strategic direction and leadership in all areas of facilities management, including campus master planning, project development, real estate transactions, design and construction, facilities operations, and environmental health and safety, and generally, to expend funds for the establishment and maintenance of this corporation and for any and all expenses incidental to the conduct of the affairs of the corporation and to support the lsu's efforts in the areas of emergency planning and preparedness, public safety operations and recovery from disasters that impact the university's facilities.
What it reported doing in 2024
Donation of the huey p. Long fieldhouse renovations, and the champion's corner construction project at the university laboratory school to the university and a portion of the ground lease rent payment paid by charity hospital redevelopment llc to lsu health science center new orleans related to the redevelopment project.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 45
- Transparency & Controls: 71
- Accountability: 86
- Sustainability: 89
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 23.6%; rating input score 24
- Program expense ratio: 95%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 76.9%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 14.66; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 1.6%; rating input score 80; 80th percentile among comparable filings
Growth
- Program expense growth: 15.8% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 26.5% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 32.1% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 23.6% of revenue deployed · 95% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $4.5M in reported program spending
- Leadership: top reported pay $445K · 18 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $18.6M reported
- Consistency: 24 of 24 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 15 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 24/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.