2024-08-22T09:09:19-05:00 2023-12-31 720136870 BOURGEOIS BENNETT LLC 111 VETERANS BLVD SUITE 1700 METAIRIE LA 70005 990 2023-01-01 721318297 EDUCATION FOUNDATION OF THE LRA INC EDUC 5044542277 2700 N ARNOULT ROAD METAIRIE LA 70002 JAMES S HARRIS PRESIDENT/CEO 5044542277 2024-08-14 1 0 ERIC F FULLMER P01361347 5048314949 2023 2024-08-08 14:25:15Z JAMES S HARRIS 2700 N ARNOULT ROAD METAIRIE LA 70002 1740051 0 X WWW.LRAEF.ORG X 1998 LA PROMOTE EDUCATION OF/IN HOSPITALITY INDUSTRY. 13 13 3 0 0 0 552144 498543 45330 56755 7613 49459 0 0 605087 604757 0 0 0 0 193280 219324 0 0 0 301592 349193 494872 568517 110215 36240 1645097 1706409 78804 90363 1566293 1616046 PROMOTE EDUCATION OF/IN THE HOSPITALITY INDUSTRY 0 0 409765 56755 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. 409765 1 1 0 0 0 0 0 0 0 1 1 0 0 1 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 7 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 SCOT CRAIG DIRECTOR 0.50 X 0 0 0 CRAIG DENNISON INDUSTRY REPRESENTATIVE 0.50 X 0 0 0 ALAN GUILBEAU DIRECTOR 0.50 X 0 0 0 BRUCE ATTINGER DIRECTOR 0.50 X 0 0 0 MICHAEL CARMOUCHE DIRECTOR 0.50 X 0 0 0 JASON JONES CHAIR 0.50 X X 0 0 0 GREG REGGIO DIRECTOR 0.50 X 0 0 0 TAMMY SMITHERMAN VICE CHAIR 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 SECRETARY/TREASURER 0.50 X X 0 0 0 GLEN ARMANTROUT DIRECTOR 0.50 X 0 0 0 DERRICK DUNN DIRECTOR 0.50 X 0 0 0 JONATHAN BAYNHAM EXECUTIVE DIRECTOR 40.00 X 87359 0 8012 87359 0 8012 0 0 0 0 0 110415 388128 498543 EDUCATION PROGRAMS 611710 56755 56755 56755 49459 49459 1135294 1135294 0 604757 56755 0 49459 X 184036 76430 107606 5210 2003 3207 17645 7931 9714 12433 3509 8924 5500 5500 62541 62541 4044 561 3483 690 78 612 6362 4162 2200 4385 4385 CONTRIBUTIONS 164711 164711 COMPETITION EXPENSE 86057 86057 BOARD OF DIRECTORS 5035 5035 IT EXPENSE 2799 2799 7069 1782 5287 568517 409765 158752 0 275451 276293 92338 432193 9709 9777 8409 5839 3673 3673 0 0 1259190 982307 1645097 1706409 45672 32951 33132 57412 78804 90363 X 1193020 1307515 373273 308531 1566293 1616046 1645097 1706409 36240 13513 0 X X 0 1 X 1 0 X 419908 221245 437239 552144 498543 2129079 419908 221245 437239 552144 498543 2129079 781581 1347498 30163 25086 20421 7613 49459 132742 2261821 207157 0.59580 0.55450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 88945 -4242 84703 91528 -2583 88945 97102 -5574 91528 96621 5481 -5000 97102 90000 6621 96621 1.00000 0 0 3673 3673 0 0 ACCRUED INTEREST RECEIVABLE 8347 CERTIFICATES OF DEPOSIT 973960 982307 X 618270 13513 13513 604757 0 604757 568517 0 568517 0 568517 PART V, LINE 4: THE SCHOLARSHIP FUNDS ARE TO PROVIDE TUITION AND OTHER COSTS RELATED TO POST-SECONDARY EDUCATION TO ENCOURAGE SKILLS DEVELOPMENT FOR SUCCESS IN THE RESTAURANT AND HOSPITALITY INDUSTRY. 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 2023 OR 2022. 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, 2020 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. AS OF DECEMBER 31, 2023, 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 VICE CHAIR OF LRA AND DIRECTOR OF EDUCATION FOUNDATION 0 BRUCE ATTINGER DIRECTOR OF LRA AND EDUCATION FOUNDATION 0 GREG REGGIO DIRECTOR OF LRA AND EDUCATION FOUNDATION 0 OCTAVIO MANTILLA SECRETARY OF LRA AND DIRECTOR OF EDUCATION FOUNDATION 0 JASON JONES DIRECTOR OF LRA AND CHAIR OF EDUCATION FOUNDATION 0 MICHAEL CARMOUCHE DIRECTOR OF LRA AND EDUCATION FOUNDATION 0 EMERY WHALEN AT-LARGE COMMITTEE MEMBER OF LRA AND DIRECTOR OF EDUCATION FOUNDATION 0 MICHAEL EASTMAN DIRECTOR OF LRA AND SECRETARY/TREASURER OF EDUCATION FOUNDATION 0 GLEN ARMANTROUT 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 62,541. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 62,541. 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 119000 FMV LOUISIANA RESTAURANT ASSOCIATION P 219324 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.