Louisiana Business Incubation Associatio logo

Louisiana Business Incubation Associatio

501(c)(6) organization Baton Rouge, LA EIN: 20-2249722 Website

The Louisiana Business Incubation Association (LBIA) is a public charity based in Baton Rouge, Louisiana. It is a state association of business incubators and their supporters that works to strengthen business incubation and help Louisiana startups and early-stage businesses grow.

Key facts about Louisiana Business Incubation Associatio

In short: Louisiana Business Incubation Associatio gave $199K across 11 grants in 2025 (avg $18K), mostly in Louisiana. Source: 2025 IRS Form 990.

EIN
20-2249722
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$199,133
Grants made (2025)
11
Average grant
$18,103
Median grant
$18,819
Total assets
$234,299
Primary geography
Louisiana (100% of itemized 2025 grant dollars)
How to apply
The 2023 filing says applications are reviewed and scored by a three-member committee using criteria approved by LED. Full details ↓

Data from IRS Form 990, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$234K

-3.6% YoY

Annual Giving

$199K

+10.5% YoY

Grant Count

11

+0.0% YoY

Avg Grant Size

$18K

+10.5% YoY

How Louisiana Business Incubation Associatio gives

  • Giving grew 311% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

LBIA’s stated mission is to support and strengthen business incubation in Louisiana by helping the state’s business incubators provide effective hands-on management to accelerate new businesses’ growth and development and create better-paying jobs.

The organization’s 2023 filing describes the LED/LBIA Business Incubator Support Program. Awards are for capital assets with a useful life of at least three years and must support incubator tenants or clients, save or create jobs, expand or improve incubator facilities to provide additional services, or increase funding sources for tenants or clients. Recipients must contribute a 20% match. Awards are reimbursements, paid by LED after documentation of eligible spending is provided. A three-member review committee evaluates and scores applications using criteria approved by LED.

LBIA’s 2025 grants included business incubators and related organizations. One recipient, b1 Foundation, describes its own mission as enhancing educational opportunities and promoting community growth through economic development; that is the grantee’s stated mission, not LBIA’s.

Grantmaking

In filing year 2025, LBIA reported 11 grants totaling $199,133. Grant amounts ranged from $6,000 to $25,000, with a median of $18,819. Among the largest awards were $25,000 each to LSU Innovation Park Incubator and Southeast Louisiana Business Center; $23,554 to Andress Artist and Entrepreneur Center; and $23,071 to SLEC Bayou Region Incubator. Other recipients included Enterprise Center at LA Tech ($18,929), LSU Student Incubator ($18,819 and $14,656), SUNO SBDMI ($17,833), b1 Foundation ($16,410), and Dixie Business Center ($6,000).

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Geographic Focus

Where this funder awards grants

All grant dollars reported for filing year 2025 went to recipients in Louisiana. The filing describes LBIA’s mission and grant program as supporting business incubation in Louisiana.

Grant Distribution by State

1state

Share of 2025 grant dollars across all 11 itemized grants.

States

Cities

Baton RougeShreveportDenham SpringsNew OrleansOpelousasHammondRustonThibodaux

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K7 grants2020 8 grants2021 2 grants2022 4 grants2023 11 grants2024 11 grants2025

From 2020 to 2025, annual grant giving ranged from $48K (2022) to $199K (2025). In 2025 it made 11 grants totaling $199K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2025

LSU Innovation Park Incubator: $35K across 2 grantsLSU Innovation Park Incubator$35K · 2 grantsLSU Student Incubator: $33K across 2 grantsLSU Student Incubator$33K · 2 grantsSoutheast Louisiana Business Center: $25KSoutheast Louisiana BusinessCenter$25KAndress Artist and Entrepreneur Center: $24KAndress Artist andEntrepreneur Center$24KSlec Bayou Region Incubator: $23KSlec Bayou Region Incubator$23KEnterprise Center at La Tech: $19KEnterprise Center at La Tech$19KSuno SBDMI: $18KSuno SBDMI$18KB1 Foundation: $16KB1 Foundation$16KDixie Business Center: $6KDixie Business Center$6K

The largest 2025 recipient was LSU Innovation Park Incubator ($35K across 2 grants). Together the top 9 received $199K.

Grant Size Distribution

36 grants across all recorded years

36<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 36 grants of 36 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
LSU Innovation Park Incubator Baton Rouge, LASupport incubators in their mission of creating, developing, and mentoring small businesses.$25,000
Southeast Louisiana Business Center Hammond, LASupport incubators in their mission of creating, developing, and mentoring small businesses.$25,000
Andress Artist and Entrepreneur Center Denham Springs, LASupport incubators in their mission of creating, developing, and mentoring small businesses.$23,554
Slec Bayou Region Incubator Thibodaux, LASupport incubators in their mission of creating, developing, and mentoring small businesses.$23,071
Enterprise Center at La Tech Ruston, LASupport incubators in their mission of creating, developing, and mentoring small businesses.$18,929
LSU Student Incubator Baton Rouge, LASupport incubators in their mission of creating, developing, and mentoring small businesses.$18,819
Suno SBDMI New Orleans, LASupport incubators in their mission of creating, developing, and mentoring small businesses.$17,833
B1 Foundation Baton Rouge, LASupport incubators in their mission of creating, developing, and mentoring small businesses.$16,410
LSU Student Incubator Baton Rouge, LASupport incubators in their mission of creating, developing, and mentoring small businesses.$14,656
LSU Innovation Park Incubator Baton Rouge, LASupport incubators in their mission of creating, developing, and mentoring small businesses.$9,861

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $234,299 $214,298 $235,704 $199,133
2024 $243,133 $202,559 $207,253 $180,160
2023 $144,448 $95,938 $104,104 $75,538
Revenue
Expenses
$0$100K$200K$300K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$234,299$243,133$144,448
Revenue$214,298$202,559$95,938
Expenses$235,704$207,253$104,104

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS January 29, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS March 1, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS March 25, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS April 4, 2025)
  6. Updated Form 990 for fiscal year 2025 (received by the IRS March 10, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Jason Boudreaux as president, Will Campbell as vice president, Kathy Wyatt as secretary, and Kristy Elliott as treasurer.

Louisiana Business Incubation Associatio is led by Jason Boudreaux, President since 2025 (on filings since 2023); none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Jason Boudreaux

    President

    Vice President → President, 2025

    On filings since 2023

    6 hrs/week

    No compensation reported

  • Kristy Elliott

    Treasurer

    On filings since 2024

    4 hrs/week

    No compensation reported

  • Kathy Wyatt

    Secretary

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Will Campbell

    Vice President

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (8)
  • Former: Jessica Schiele (2022–2024) — President
  • Former: Vic Lafont (2023–2024) — Secretary
  • Former: Kristi Barlow (2021–2023) — Treasurer
  • Former: Cynthia Beaulieu (2020–2022) — President
  • Former: Darron Dixon (2022) — Vice President
  • Former: Kenny Anderson (2020–2021) — President
  • Former: Lee Melancon (2020–2021) — Secretary
  • Former: Stephen Loy (2020–2021) — Treasurer

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: 8000 Innovation Park Drive, Baton Rouge, LA 70820
Phone: (225) 218-1100
Website: https://louisianaincubation.org

Frequently asked questions about Louisiana Business Incubation Associatio

How much does Louisiana Business Incubation Associatio give each year?

Louisiana Business Incubation Associatio gave $199K across 11 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $180K across 11 grants.

What is Louisiana Business Incubation Associatio's typical grant size?

Louisiana Business Incubation Associatio's median grant in 2025 was $18,819, and its average grant was $18,103, across 11 grants on its 2025 IRS Form 990.

Where does Louisiana Business Incubation Associatio give grants?

Louisiana Business Incubation Associatio gives mostly in Louisiana: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Baton Rouge, LA (5 grants) and Denham Springs, LA (2 grants).

Does Louisiana Business Incubation Associatio give general operating support?

Not in 2025: none of the 11 grants with a stated purpose on Louisiana Business Incubation Associatio's 2025 IRS Form 990 were described as general or operating support.

Who are Louisiana Business Incubation Associatio's largest grantees?

Louisiana Business Incubation Associatio's largest 2025 grantees include LSU Innovation Park Incubator ($34,861 across 2 grants), LSU Student Incubator ($33,475 across 2 grants) and Southeast Louisiana Business Center ($25,000), according to its 2025 IRS Form 990. Together they received 47% of its itemized 2025 grant dollars.

How large is Louisiana Business Incubation Associatio?

Louisiana Business Incubation Associatio reported $234K in total assets on its 2025 IRS Form 990. Its revenue that year was $214K.

What does Louisiana Business Incubation Associatio fund?

LBIA’s stated mission is to support and strengthen business incubation in Louisiana by helping the state’s business incubators provide effective hands-on management to accelerate new businesses’ growth and development and create better-paying jobs. See mission & focus areas ↑

How do I apply for a grant from Louisiana Business Incubation Associatio?

The 2023 filing says applications are reviewed and scored by a three-member committee using criteria approved by LED. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Louisiana Business Incubation Associatio's EIN?

Louisiana Business Incubation Associatio's EIN (Employer Identification Number) is 20-2249722. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.

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