Louisiana Business Incubation Associatio
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.
Louisiana Business Incubation Associatio at a glance
In short: Louisiana Business Incubation Associatio gave $199K across 11 grants in 2025 (avg $18K), mostly in Louisiana. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $199,133
- +10.5% vs 2024
- Grants made (2025)
- 11
- +0.0% vs 2024
- Average grant
- $18,103
- +10.5% vs 2024
- Median grant
- $18,819
- Total assets
- $234,299
- -3.6% vs 2024
- Primary geography
- Louisiana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Louisiana Business Incubation Associatio
- How to Apply
-
The 2023 filing says applications are reviewed and scored by a three-member committee using criteria approved by LED.
- Contact
Mailing address: 8000 Innovation Park Drive, Baton Rouge, LA 70820
Phone: (225) 218-1100
Website: https://louisianaincubation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Louisiana Business Incubation Associatio funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
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
The most common grant size was under $50K: 36 grants of 36 (100%).
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
Share of 2025 grant dollars across all 11 itemized grants.
States
Cities
How Louisiana Business Incubation Associatio gives
- Giving grew 311% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $48K (2022) to $199K (2025). In 2025 it made 11 grants totaling $199K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| LSU Innovation Park Incubator Baton Rouge, LA | Support incubators in their mission of creating, developing, and mentoring small businesses. | $25,000 |
| Southeast Louisiana Business Center Hammond, LA | Support incubators in their mission of creating, developing, and mentoring small businesses. | $25,000 |
| Andress Artist and Entrepreneur Center Denham Springs, LA | Support incubators in their mission of creating, developing, and mentoring small businesses. | $23,554 |
| Slec Bayou Region Incubator Thibodaux, LA | Support incubators in their mission of creating, developing, and mentoring small businesses. | $23,071 |
| Enterprise Center at La Tech Ruston, LA | Support incubators in their mission of creating, developing, and mentoring small businesses. | $18,929 |
| LSU Student Incubator Baton Rouge, LA | Support incubators in their mission of creating, developing, and mentoring small businesses. | $18,819 |
| Suno SBDMI New Orleans, LA | Support incubators in their mission of creating, developing, and mentoring small businesses. | $17,833 |
| B1 Foundation Baton Rouge, LA | Support incubators in their mission of creating, developing, and mentoring small businesses. | $16,410 |
| LSU Student Incubator Baton Rouge, LA | Support incubators in their mission of creating, developing, and mentoring small businesses. | $14,656 |
| LSU Innovation Park Incubator Baton Rouge, LA | Support incubators in their mission of creating, developing, and mentoring small businesses. | $9,861 |
Ready to take the next step with Louisiana Business Incubation Associatio?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $234,299 | $214,298 | $235,704 | $199,133 | 11 |
| 2024 | $243,133 | $202,559 | $207,253 | $180,160 | 11 |
| 2023 | $144,448 | $95,938 | $104,104 | $75,538 | 4 |
| 2022 | $125,570 | $69,437 | $66,636 | $48,437 | 2 |
| 2021 | $172,534 | $187,358 | $183,332 | $159,382 | 8 |
| 2020 | $211,636 | $187,803 | $184,584 | $166,415 | 7 |
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).
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.
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS January 29, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 1, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 25, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 4, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 10, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Louisiana Business Incubation Associatio funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Louisiana Business Incubation Associatio's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Louisiana Business Incubation Associatio funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/louisiana-business-incubation-associatio-morg_caa8d46e8894477fb59c2b918739a742
BibTeX
@misc{grantable_202249722_2026,
author = {{Grantable}},
title = {{Louisiana Business Incubation Associatio funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/louisiana-business-incubation-associatio-morg_caa8d46e8894477fb59c2b918739a742},
note = {Accessed 2026-10-22. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Louisiana Business Incubation Associatio's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Louisiana Business Incubation Associatio down — hundreds of funders to go?