2025-04-04T08:00:42-05:00 2024-06-30 720636725 HANNIS T BOURGEOIS LLP 2322 TREMONT DR BATON ROUGE LA 70809 990 2023-07-01 202249722 LOUISIANA BUSINESS INCUBATION ASSOC LOUI 2252181100 8000 INNOVATION PARK DRIVE BATON ROUGE LA 70820 KRISTY ELLIOTT TREASURER 2252181100 2025-02-05 1 1 MICHELLE D GARBIRAS CPA P01687293 2259284770 2025-02-05 2023 2025-03-06 01:10:19Z KRISTY ELLIOTT 8000 INNOVATION PARK DRIVE BATON ROUGE LA 70820 202559 0 X WWW.LOUISIANAINCUBATION.ORG X 2005 LA THE LOUISIANA INCUBATION ASSOCIATION IS COMPRISED OF THE STATE'S PREMIER BUSINESS INCUBATORS AND IS FOCUSED ON ENHANCING THE GROWTH AND DIVERSIFICATION OF BUSINESSES AND ECONOMY IN LOUISIANA. 4 4 0 0 0 0 95938 202559 0 0 0 0 0 0 95938 202559 75538 180160 0 0 0 0 0 0 0 28566 27093 104104 207253 -8166 -4694 144448 243133 82481 185860 61967 57273 X TO SUPPORT AND STRENGTHEN BUSINESS INCUBATION (BUSINESS START-UPS) IN LOUISIANA BY HELPING THE 20+ BUSINESS INCUBATORS IN THE STATE PROVIDE THE MOST EFFECTIVE HANDS-ON MANAGEMENT PRINCIPLES AVAILABLE TO HELP ACCELERATE THE GROWTH AND DEVELOPMENT OF NEW BUSINESSES, THEREBY CREATING NEW AND BETTER PAYING JOBS FOR THE CITIZENS OF LOUISIANA. 0 0 180160 180160 202559 LBIA, UNDER A COOPERATIVE AGREEMENT (CEA) WITH THE LOUISIANA DEPARTMENT OF ECONOMIC DEVELOPMENT (LED), ADMINISTERS A GRANT PROGRAM ENTITLED LED/LBIA BUSINESS INCUBATOR SUPPORT PROGRAM. THE AWARDS MUST BE MATCHED BY A 20% CONTRIBUTION BY THE SELECTED GRANT RECIPIENTS. GRANTS MAY ONLY BE USED FOR CAPITAL ASSETS THAT LAST AT LEAST THREE YEARS AS WELL AS MEET THE FOLLOWING CRITERIA: 1) HELP THE RECIPIENT MEET STATED GOALS OF SERVING THE INCUBATORS' TENANTS/CLIENTS, 2) SAVE OR CREATE JOBS, 3) EXPAND/MODIFY/RENOVATE AN INCUBATOR FACILITY SO THAT THE INCUBATOR CAN PROVIDE ADDITIONAL SERVICES TO ITS TENANTS/CLIENTS, AND 4) INCREASE FUNDING SOURCES FOR ITS TENANTS/CLIENTS. IT IS A REIMBURSEMENT GRANT, PAID BY LED ONLY AFTER DOCUMENTATION IS PROVIDED TO LED THAT FUNDS HAVE BEEN APPROPRIATELY SPENT. A REVIEW COMMITTEE OF 3 MEMBERS REVIEWS GRANT APPLICATIONS AND SCORE THE APPLICATIONS USING REVIEW CRITERIA APPROVED BY LED. UNDER THE CEA, LBIA IS REQUIRED TO HAVE A STATE CERTIFIED CPA FIRM CONDUCT AN ANNUAL REVIEW AND ATTESTATION WHICH MUST BE SUBMITTED TO THE LOUISIANA LEGISLATIVE AUDITORS' OFFICE. 180160 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X KRISTY ELLIOTT 2252181100 8000 INNOVATION PARK DRIVE BATON ROUGE LA 70820 X JESSICA SCHIELE PRESIDENT 6.00 X X 0 0 0 JASON BOUDREAUX VICE PRESIDENT 1.00 X X 0 0 0 VIC LAFONT SECRETARY 2.00 X X 0 0 0 KRISTI ELLIOTT TREASURER 4.00 X X 0 0 0 0 0 0 0 0 0 0 0 2399 200160 202559 202559 0 0 0 180160 180160 26000 26000 DUES & SUBSCRIPTIONS 1063 1063 BANK CHARGES 30 30 207253 180160 27093 0 83767 50713 60681 192420 144448 243133 82481 185160 0 700 82481 185860 X 61967 57273 61967 57273 144448 243133 -4694 0 X 1 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200160 0 0 0 DEFERRED MEMBERSHIP DUES 700 700 X PART X, LINE 2: THE ASSOCIATION OPERATES AS A NOT-FOR-PROFIT ASSOCIATION AND HAS RECEIVED EXEMPT STATUS UNDER CODE SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO LIABILITY OR EXPENSE HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT WOULD MORE LIKELY THAN NOT BE SUBSTANTIATED UPON EXAMINATION. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF LOUISIANA. WITH FEW EXCEPTIONS, THE ASSOCIATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. 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. 1 DIXIE BUSINESS CENTER 1814 SOUTH RANGE AVE DENHAM SPRINGS LA 70726 721216797 8340 0 SUPPORT INCUBATORS IN THEIR MISSION OF CREATING, DEVELOPING, AND MENTORING SMALL BUSINESSES. COHABITAT FOUNDATION 500 CLYDE FANT PARKWAY SUITE 200 SHREVEPORT LA 71101 271566437 14976 0 SUPPORT INCUBATORS IN THEIR MISSION OF CREATING, DEVELOPING, AND MENTORING SMALL BUSINESSES. ANDRESS ARTIST AND ENTREPRENEUR CENTER 717 CROCKETT ST SHREVEPORT LA 71101 844625539 15000 0 SUPPORT INCUBATORS IN THEIR MISSION OF CREATING, DEVELOPING, AND MENTORING SMALL BUSINESSES. B1 FOUNDATION 4944 FLORIDA BLVD BATON ROUGE LA 70806 844964205 23379 0 SUPPORT INCUBATORS IN THEIR MISSION OF CREATING, DEVELOPING, AND MENTORING SMALL BUSINESSES. ST LANDRY PARISH ECONOMIC DEVELOPMENT 53671 I-49 SOUTH SERVICE ROAD OPELOUSAS LA 70570 721315684 23984 0 SUPPORT INCUBATORS IN THEIR MISSION OF CREATING, DEVELOPING, AND MENTORING SMALL BUSINESSES. LSU INNOVATION PARK INCUBATOR 8000 INNOVATION PARK DRIVE BUILDING 3000 BATON ROUGE LA 70820 726000848 15140 0 SUPPORT INCUBATORS IN THEIR MISSION OF CREATING, DEVELOPING, AND MENTORING SMALL BUSINESSES. SLEC BAYOU REGION INCUBATOR 322 AUDUBON AVENUE THIBODAUX LA 70301 581641910 17783 0 SUPPORT INCUBATORS IN THEIR MISSION OF CREATING, DEVELOPING, AND MENTORING SMALL BUSINESSES. SUNO SBDMI 6801 PRESS DRIVE NEW ORLEANS LA 70126 726000817 14021 0 SUPPORT INCUBATORS IN THEIR MISSION OF CREATING, DEVELOPING, AND MENTORING SMALL BUSINESSES. LOUISIANA BUSINESS & TECHNOLOGY CENTER 8000 INNOVATION PARK DRIVE BUILDING 3000 BATON ROUGE LA 70820 726000848 25000 0 SUPPORT INCUBATORS IN THEIR MISSION OF CREATING, DEVELOPING, AND MENTORING SMALL BUSINESSES. LOUISIANA TECHNOLOGY PARK 7117 FLORIDA BLVD BATON ROUGE LA 70806 710843801 17337 0 SUPPORT INCUBATORS IN THEIR MISSION OF CREATING, DEVELOPING, AND MENTORING SMALL BUSINESSES. LSU AGCENTER FOOD INNOVATION INSTITUTE 100 EFFERSON HALL LSU CAMPUS BATON ROUGE LA 70803 726000848 5200 0 SUPPORT INCUBATORS IN THEIR MISSION OF CREATING, DEVELOPING, AND MENTORING SMALL BUSINESSES. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS MEMBERS. MEMBERSHIP IN THE ASSOCIATION IS AVAILABLE TO PERSONS INVOLVED IN AND/OR ASSOCIATED WITH BUSINESS INCUBATION AND ECONOMIC DEVELOPMENT WITHIN THE STATE OF LOUISIANA. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERSHIP IN THE ASSOCIATION IS LIMITED TO ONE PERSON FROM EACH ORGANIZATION THAT IS CURRENT WITH ITS DUES. THE DUES PAYING MEMBERS MAY NAME THE INDIVIDUAL WHO WILL HAVE THE VOTING RIGHTS FOR THE ORGANIZATION. VOTING MEMBERS MAY SERVE AS DIRECTORS AND OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY IS PROVIDED A DRAFT OF FORM 990 FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MONITORED AT ANNUAL BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION PROVIDES COPIES OF ITS MINUTES, ACTIONS, AND FINANCIAL INFORMATION ON A REGULAR BASIS TO ITS MEMBERS, LOUISIANA ECONOMIC DEVELOPMENT, AND ANY OTHER INDIVIDUALS OR ENTITIES INTERESTED IN LBIA ACTIVITIES.