EIN 20-2249722

Louisiana Business Incubation Association (LBIA)

IRS 501(c) type
501(c)(6)
Num. employees
0
Year formed
2005
Most recent tax filings
2022-06-01
Description
LBIA supports Louisiana's business incubators, provides grants with LED, and aims to enhance the state's economy.
Also known as...
Louisiana Business Incubation Associatio; Louisiana Business Incubator Association Incorporated
Total revenues
$69,437
2022
Total expenses
$66,636
2022
Total assets
$125,570
2022
Num. employees
0
2022

Program areas at LBIA

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.

Grants made by LBIA

GranteeGrant descriptionAmount
Louisiana State University and Agricultural and Mechanical CollegeSupport Incubators in Their Mission of Creating, Developing, and Mentoring Small Businesses.$25,000
Dixie Business Development CenterSupport Incubators in Their Mission of Creating, Developing, and Mentoring Small Businesses.$23,437

Personnel at LBIA

NameTitleCompensation
Kristy BarlowTreasurer$0
Darron DixonVice President$0
Jessican SchieleSecretary$0
Cynthia BeaulieuPresident$0
Stephen LoyPast Treasurer$0
...and 9 more key personnel

Financials for LBIA

RevenuesFYE 06/2022
Total grants, contributions, etc.$69,437
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$69,437

Form 990s for LBIA

Fiscal year endingDate received by IRSFormPDF link
2022-062023-03-01990View PDF
2021-062022-07-18990OView PDF
2020-062021-01-29990View PDF
2019-062021-06-07990View PDF
2018-062019-06-19990View PDF
...and 8 more Form 990s
Data update history
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 3 new personnel
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
April 8, 2022
Posted financials
Added Form 990 for fiscal year 2020
October 9, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Trade associationsBusiness and community development organizations
Issues
Business and industry
Characteristics
Operates donor advised fundsState / local levelReceives government fundingNo full-time employees
General information
Address
8000 Innovation Park Dr
Baton Rouge, LA 70820
Metro area
Baton Rouge, LA
Website URL
louisianaincubation.org/ 
Phone
(225) 218-1100
IRS details
EIN
20-2249722
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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