Organizations Filed Purposes:
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.
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.
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.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Stephen Loy | TREASURER | 4 | $0 |
| Lee Melancon | SECRETARY | 2 | $0 |
| Cynthia Beaulieu | VICE PRESIDENT | 1 | $0 |
| Kenny Anderson | PRESIDENT | 6 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202001929349301960_public.xml