2023-08-28T11:30:46-05:00 2022-12-31 720136870 BOURGEOIS BENNETT LLC 111 VETERANS BLVD SUITE 1700 METAIRIE LA 70005 990 2022-01-01 721318297 EDUCATION FOUNDATION OF THE LRA INC EDUC 5044542277 2700 N ARNOULT ROAD METAIRIE LA 70002 JAMES S HARRIS PRESIDENT/CEO 5044542277 2023-08-09 1 JAMES HARRIS 999009999 0 ERIC F FULLMER P01361347 5048314949 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES S HARRIS 2700 N ARNOULT ROAD METAIRIE LA 70002 827032 0 X WWW.LRAEF.ORG X 1998 LA PROMOTE EDUCATION OF/IN HOSPITALITY INDUSTRY. 13 13 3 0 0 0 437239 552144 4664 45330 20421 7613 0 0 462324 605087 0 0 0 0 172810 193280 0 0 0 219110 301592 391920 494872 70404 110215 1558683 1645097 87349 78804 1471334 1566293 PROMOTE EDUCATION OF/IN THE HOSPITALITY INDUSTRY 0 0 352209 45330 THE FOUNDATION FUNDS SCHOLARSHIPS TO QUALIFIED APPLICANTS OF THE RESTAURANT, HOTEL, AND CULINARY SCHOOLS IN LOUISIANA; IT OPERATES A PROGRAM DESIGNED TO PREPARE STUDENTS FOR CAREER OPPORTUNITIES IN MANAGEMENT AND CULINARY ARTS. 352209 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 8 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X SHERRI SPINELLI 5044542277 2700 N ARNOULT RD METAIRIE LA 70002 FORREST BETHAY III DIRECTOR 0.50 X 0 0 0 SCOT CRAIG DIRECTOR 0.50 X 0 0 0 CRAIG DENNISON CHAIR 0.50 X X 0 0 0 ALAN GUILBEAU IMMEDIATE PAST CHAIR 0.50 X X 0 0 0 BRUCE ATTINGER DIRECTOR 0.50 X 0 0 0 MICHAEL CARMOUCHE DIRECTOR 0.50 X 0 0 0 TONY D'ANGELO DIRECTOR 0.50 X 0 0 0 JASON JONES VICE CHAIR 0.50 X X 0 0 0 GREG REGGIO DIRECTOR 0.50 X 0 0 0 TAMMY SMITHERMAN SECRETARY/TREASURER 0.50 X X 0 0 0 OCTAVIO MANTILLA DIRECTOR 0.50 X 0 0 0 EMERY WHALEN DIRECTOR 0.50 X 0 0 0 MICHAEL EASTMAN DIRECTOR 0.50 X 0 0 0 JONATHON BAYHAM EXECUTIVE DIRECTOR 40.00 X 73393 0 4177 73393 0 4177 0 0 0 0 0 103164 448980 552144 EDUCATION PROGRAMS 611710 45330 45330 45330 7613 7613 221945 221945 0 0 605087 45330 0 7613 X 161867 64769 97098 19263 9161 10102 12150 4998 7152 1490 1490 4500 4500 60870 60870 2239 22 2217 1756 57 1699 5124 4502 622 4538 4538 CONTRIBUTIONS 143399 143399 COMPETITION EXPENSE 62875 62875 IT EXPENSE 5168 5168 BOARD OF DIRECTORS 3951 3951 5682 1556 4126 494872 352209 142663 0 173450 275451 748770 92338 20046 10405 8562 8409 3673 3673 0 0 607855 1258494 1558683 1645097 53944 45672 33405 33132 87349 78804 X 1076778 1193020 394556 373273 1471334 1566293 1558683 1645097 110215 -15256 0 X X 0 1 X 1 0 X 366915 419908 221245 437239 552144 1997451 366915 419908 221245 437239 552144 1997451 831169 1166282 22517 30163 25086 20421 7613 105800 2103251 200697 0.55450 0.49150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 91528 -2583 88945 97102 -5574 91528 96621 5481 -5000 97102 90000 6621 96621 90000 90000 1.00000 0 0 3673 3673 0 0 LONG TERM MATURITIES OF INVESTMENTS 1258494 F 1258494 X 589831 -15256 -15256 605087 0 605087 494872 0 494872 0 494872 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE OF 1986. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION DID NOT INCUR A TAX LIABILITY FOR 2022 OR 2021. ACCOUNTING STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. TAX YEARS ENDED DECEMBER 31, 2019 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. AS OF DECEMBER 31, 2022, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. JAMES HARRIS PRESIDENT AND CEO OF LRA AND DIRECTOR OF EDUCATION FOUNDATION 0 SHERRI SPINELLI CFO OF LRA AND EDUCATION FOUNDATION 0 ALAN GUILBEAU TREASURER OF LRA AND IMMEDIATE PAST PRESIDENT OF EDUCATION FOUNDATION 0 BRUCE ATTINGER DIRECTOR OF LRA AND EDUCATION FOUNDATION 0 GREG REGGIO DIRECTOR OF LRA AND EDUCATION FOUNDATION 0 OCTAVIO MANTILLA AT-LARGE COMMITTEE MEMBER OF LRA AND DIRECTOR OF EDUCATION FOUNDATION 0 JASON JONES DIRECTOR OF LRA AND VICE CHAIR OF EDUCATION FOUNDATION 0 MICHAEL CARMOUCHE DIRECTOR OF LRA AND EDUCATION FOUNDATION 0 EMERY WHALEN DIRECTOR OF LRA AND EDUCATION FOUNDATION 0 FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE OF THE BOARD PROPOSES A SLATE OF CANDIDATES FOR THE BOARD EACH YEAR WHO ARE THEN VOTED ON BY THE MEMBERS OF THE CURRENT BOARD. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE REPORTS AND ACTIVITIES ARE INCLUDED IN THE DIRECTOR'S MINUTES. FORM 990, PART VI, SECTION B, LINE 11B AFTER COMPLETION OF THE 990, A COPY IS SENT TO AND REVIEWED BY THE DIRECTORS PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND STAFF SELF MONITORS AND REPORTS TO THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL REVIEWS AND EVALUATIONS ARE COMPLETED BY THE PRESIDENT AND CEO OF THE LRA. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION ABOUT EDUCATION FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT TO MANAGE RYRA GRANT EXPENSES: PROGRAM SERVICE EXPENSES 60,870. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,870. FORM 990, PART XII, LINE 2C: THERE IS NO CHANGE IN THE PROCESS LOUISIANA RESTAURANT ASSOCIATION INC 2700 N ARNOULT ROAD METAIRIE LA 70002 720362855 SEE EXPLANATION UNDER SCHEDULE R, PART VII LA 501(C)(6) 0 LOCAL CHAPTERS OF THE LRA INC 2700 N ARNOULT ROAD METAIRIE LA 70002 582248900 HOSPITALITY INDUSTRY TRADE ASSOCIATION LA 501(C)(6) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 LOCAL CHAPTERS OF THE LOUISIANA RESTAURANT ASSOCIATION C 109000 FMV LOUISIANA RESTAURANT ASSOCIATION P 193280 FMV LOUISIANA RESTAURANT ASSOCIATION C 28400 FMV SCHEDULE R, PART II THE PRIMARY ACTIVITY OF THE LOUISIANA RESTAURANT ASSOCIATION, INC IS THE TRADE SHOW, A LA CARTE MAGAZINE, ADVOCACY AND INFORMATION ON BEHALF OF THE HOSPITALITY INDUSTRY.