2025-08-06T15:32:12-05:00 2024-12-31 720636725 HANNIS T BOURGEOIS LLP 650 POYDRAS ST SUITE 1200 NEW ORLEANS LA 70130 990 2024-01-01 721318297 EDUCATION FOUNDATION OF THE LRA INC EDUC 5044542277 2700 N ARNOULT ROAD METAIRIE LA 70002 JAMES S HARRIS PRESIDENT/CEO 5044542277 2025-08-04 1 1 DEBORAH I MORAN P01026453 5042740200 2024 2025-03-06 01:10:19Z JAMES S HARRIS 2700 N ARNOULT ROAD METAIRIE LA 70002 647038 0 X WWW.LRAEF.ORG X 1998 LA PROMOTE EDUCATION OF/IN HOSPITALITY INDUSTRY. 13 13 3 0 0 0 498543 525688 56755 59449 49459 61901 0 0 604757 647038 0 0 0 0 219324 261350 0 0 59635 349193 342587 568517 603937 36240 43101 1706409 1835390 90363 168683 1616046 1666707 PROMOTE EDUCATION OF/IN THE HOSPITALITY INDUSTRY 0 0 341889 59449 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. 341889 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 9 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 GARRET LEBLANC DIRECTOR 0.50 X 0 0 0 FELTON JONES INDUSTRY REPRESENTATIVE 0.50 X 0 0 0 TONY RODRIGUE DIRECTOR 0.50 X 0 0 0 STEPHEN HIGHTOWER DIRECTOR 0.50 X 0 0 0 BOBBY HUFFT DIRECTOR 0.50 X 0 0 0 JASON JONES PAST-CHAIR 0.50 X 0 0 0 GREG REGGIO SECRETARY/TREASURER 0.50 X X 0 0 0 TAMMY SMITHERMAN 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 VICE-CHAIR 0.50 X X 0 0 0 GLEN ARMANTROUT DIRECTOR 0.50 X 0 0 0 DERRICK DUNNE DIRECTOR 0.50 X 0 0 0 JONATHAN BAYNHAM EXECUTIVE DIRECTOR 40.00 X 97036 0 9124 97036 0 9124 0 0 0 0 0 83107 442581 525688 EDUCATION PROGRAMS 611710 59449 59449 59449 61901 61901 647038 59449 0 61901 X 213585 80759 132826 6767 2459 4308 25835 8472 17363 15163 4500 10663 8803 8803 59635 59635 2381 2381 612 612 10802 6814 3988 4395 4395 CONTRIBUTIONS 146035 146035 COMPETITION EXPENSE 90770 90770 BOARD OF DIRECTORS 7575 7575 IT EXPENSE 5587 5587 5992 2080 3912 603937 341889 202413 59635 276293 137971 432193 452204 9777 5839 13459 3673 3673 0 0 982307 1231756 1706409 1835390 32951 50425 57412 118258 90363 168683 X 1307515 1399172 308531 267535 1616046 1666707 1706409 1835390 43101 7560 0 X X 0 1 X 1 0 X 221245 437239 552144 498543 525688 2234859 221245 437239 552144 498543 525688 2234859 734052 1500807 25086 20421 7613 49459 61901 164480 2399339 0.62550 0.59580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 84703 -3460 81243 88945 -4242 84703 91528 -2583 88945 97102 -5574 91528 96621 5481 -5000 97102 1.00000 0 0 3673 3673 0 0 ACCRUED INTEREST RECEIVABLE 11880 CERTIFICATES OF DEPOSIT 1219876 1231756 X 654598 7560 7560 647038 0 647038 603937 0 603937 0 603937 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 2024. THE FOUNDATION EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AS OF DECEMBER 31, 2024, THE FOUNDATION DOES NOT BELIEVE THAT IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT YEAR. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. ANY INTEREST AND PENALTIES ASSESSED BY INCOME TAXING AUTHORITIES ARE NOT SIGNIFICANT AND ARE INCLUDED IN GENERAL AND ADMINISTRATIVE EXPENSES IN THESE FINANCIAL STATEMENTS AS APPLICABLE. 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 2024 OR 2023. ACCOUNTING STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANICAL 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, 2021 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. AS OF DECEMBER 31, 2024, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. JAMES HARRIS PRESIDENT AND CEO 0 SHERRI SPINELLI CFO OF LRA AND EDUC 0 EMERY WHALEN DIRECTOR OF LRA AND 0 GARRET LEBLANC DIRECTOR OF LRA AND 0 GLEN ARMANTROUT DIRECTOR OF LRA AND 0 GREG REGGIO DIRECTOR OF LRA AND 0 JASON JONES DIRECTOR OF LRA AND 0 MICHAEL EASTMAN DIRECTOR OF LRA AND 0 OCTAVIO MANTILLA TREASURER OF LRA AN 0 STEPHEN HIGHTOWER DIRECTOR OF LRA AND 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: JAMES HARRIS (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:PRESIDENT AND CEO OF LRA AND DIRECTOR OF EDUCATION FOUNDATION(A) NAME OF PERSON: SHERRI SPINELLI(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:CFO OF LRA AND EDUCATION FOUNDATION(A) NAME OF PERSON: EMERY WHALEN(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:DIRECTOR OF LRA AND EDUCATION FOUNDATION(A) NAME OF PERSON: GARRET LEBLANC(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:DIRECTOR OF LRA AND EDUCATION FOUNDATION(A) NAME OF PERSON: GLEN ARMANTROUT(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:DIRECTOR OF LRA AND EDUCATION FOUNDATION(A) NAME OF PERSON: GREG REGGIO(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:DIRECTOR OF LRA AND SECRETARY/TREASURER OF EDUCATION FOUNDATION(A) NAME OF PERSON: JASON JONES(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:DIRECTOR OF LRA AND PAST CHAIR OF EDUCATION FOUNDATION(A) NAME OF PERSON: MICHAEL EASTMAN(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:DIRECTOR OF LRA AND VICE CHAIR OF EDUCATION FOUNDATION(A) NAME OF PERSON: OCTAVIO MANTILLA(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:TREASURER OF LRA AND DIRECTOR OF EDUCATION FOUNDATION(A) NAME OF PERSON: STEPHEN HIGHTOWER(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:DIRECTOR OF LRA AND EDUCATION FOUNDATION 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, OTHER FEES: CONSULTANT TO MANAGE RYRA GRANT EXPENSES: PROGRAM SERVICE EXPENSES 59,635.37 MANAGEMENT AND GENERAL EXPENSES 0 FUNDRAISING EXPENSES 0 TOTAL EXPENSES 59,635.37 TOTAL OTHER FEES ON FORM 990, PART IX, LINE 11G, COL A 59,635.37 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 111950 FMV LOUISIANA RESTAURANT ASSOCIATION P 261350 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.