LCTCS FACILITIES CORPORATION
AI Summary
LCTCS Facilities Corporation is a nonprofit organization focused on educational management in Louisiana. Its mission is to develop, acquire, and improve public facilities across fourteen campuses of the Louisiana Community and Technical College System, ensuring these institutions are well-equipped for community and technical education. With an operating budget of $22.9 million and total revenue of $32.2 million for the 2024 filing year, the organization does not rely on a single funder for 50% or more of its revenue. For more information, visit LCTCS.CSRSONLINE.COM/PROGRAM/FACILITIES.ASP.
Mission Statement
TO DEVELOP, ACQUIRE, PURCHASE, REPAIR, IMPROVE, RENOVATE, AND EXPAND CERTAIN PUBLIC FACILITIES ON FOURTEEN OF THE EXISTING CAMPUSES OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM,INCLUDING ALL FURNISHINGS, FIXTURES AND EQUIPMENT INCIDENTAL OR NECESSARY IN CONNECTION THEREWITH (THE "FACILITIES") FOR VARIOUS COMMUNITY AND TECHNICAL COLLEGE CAMPUSES (THE "COLLEGES"), SUCH FACILITIES LOCATED ON LAND OWNED OR TO BE OWNED BY THE BOARD OF SUPERVISORS OF THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM (THE "BOARD") ALL IN ACCORDANCE WITH ACT 391 OF THE 2007 REGULAR SESSION OF THE LOUISIANA LEGISLATURE AND ACT 360 OF THE 2013 REGULAR SESSION OF THE LOUISIANA LEGISLATURE; PAYING CAPITALIZED INTEREST ON THE SERIES 2014,2017,2018 & 2019 BONDS; FUNDING A DEBT SERVICE RESERVE FUND; AND PAYING COSTS OF ISSUANCE OF THE SERIES 2014,2017,2018 & 2019 BONDS, INCLUDING THE PREMIUMS FOR THE BOND INSURANCE POLICIES INSURING THE SERIES 2014,2017,2018 & 2019 BONDS.
Cause Areas
1
Educational management
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
LOUISIANA DELTA COMMUNITY COLLEGE FOUNDATION
Monroe, LA, US
$1.3M
83%
Frequently Asked Questions
What is LCTCS FACILITIES CORPORATION’s budget?
In 2024, LCTCS FACILITIES CORPORATION reported an annual operating budget of around $22.9 million. More detailed financial information is available to registered users.
What causes does LCTCS FACILITIES CORPORATION support?
LCTCS FACILITIES CORPORATION supports work in Educational management.
Where does LCTCS FACILITIES CORPORATION operate?
LCTCS FACILITIES CORPORATION is headquartered in Metairie, LA.
Who funded LCTCS FACILITIES CORPORATION recently?
In 2017, LCTCS FACILITIES CORPORATION received grants from LOUISIANA DELTA COMMUNITY COLLEGE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant LCTCS FACILITIES CORPORATION received in 2017?
The largest grant to LCTCS FACILITIES CORPORATION in 2017 exceeds $1.1 million.
What is LCTCS FACILITIES CORPORATION’s reliance on government grants?
LCTCS FACILITIES CORPORATION relied on government grants for less than 5% of their total revenue in 2024.