Passes our checks

South Louisiana Facilities Corp

EIN 73-1636441 · Baton Rouge, LA

Public records show a registered, tax-exempt organization in good standing.

What it says it does

SEE PAGE 1

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 50 out of 100. Higher than 28% of charities in its peer group (education, $1m to $10m).

Reserves
0 of 35
Spendable reserves are negative: it owes or has committed more than it holds.
Debt
10 of 20
It owes 34% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 62% of income.
Income trend
10 of 15
Income fell 1% on the year before.
Spending floor
15 of 15
97% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 65 out of 100. Higher than 20% of charities in its peer group (education, $1m to $10m).

Independent board
0 of 25
2 of 2 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
7 of 7
Has a written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15
Its accounts were audited by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$542,931 spent. THE EXEMPT PURPOSE OF THE CORPORATION IS TO CONSTRUCT A BUILDING WITH ACADEMIC FACILITIES AND OFFICES FOR THE SOUTH LOUISIANA COMMUNITY COLLEGE (SLCC), A STATE COMMUNITY COLLEGE OPERATED BY THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM (LCTCS), A STATE INSTITUTION. THE CORPORATION LEASES REAL PROPERTY LOCATED IN LAFAYETTE, LOUISIANA FROM THE LCTCS AND CONSTRUCTED A BUILDING ON THE CAMPUS OF SLCC. THE CONSTRUCTION WAS FINANCED THROUGH A BOND ISSUE BY THE LAFAYETTE PUBLIC TRUST FINANCING AUTHORITY (LPTFA). THE FACILITIES ARE LEASED TO LCTCS UNDER A NET LEASE WITH AN OPTION TO PURCHASE THE FACILITIES. THE LEASE PAYMENTS FROM THE LEASE ARE USED TO REPAY THE BOND FINANCING.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 2003.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.