The recipient entity's physical address:
           1250 MacArthur Drive
Alexandria, LA 71303-3124

The recipient entity's mailing address (if different):
           1250 MacArthur Drive
Alexandria, LA 71303-3124

Type of Entity (for instance, a nonprofit corporation):  Non-Profit Religious Corp.

If the entity is a corporation, list the names of the incorporators:
          Rev. Edward Alexander, Jr.
Rev. Shelton Charles Dixon
Rev. J. David Hairford
Dr. Joe Scott Holmes
Dr. Steve Horn
Bishop James W. Proctor

The last four digits of the entity's taxpayer ID number:  3985

What is the dollar amount of the request?  $2,900,000

What type of request is this?  General Appropriation

Is this entity in good standing with the Secretary of State?  Yes

Provide the name of each member of the recipient entity's governing board and officers:
           Rev. Edward Alexander, Jr.
4460 5th Avenue
Lake Charles, Louisiana 70607

Rev. Shelton Charles Dixon
3166 Victoria Drive
Baton Rouge, Louisiana 70805

Rev. J. David Hairford
5343 Pentecostal Way
Pineville, Louisiana 71360

Dr. Joe Scott Holmes
300 Bayou Clear Rd.
Woodworth, Louisiana 71485

Dr. Steve Hom
1250 MacArthur Drive
Alexandria, Louisiana 71303

Bishop James W. Proctor
1901 Martin Luther King Dr
Jeanerette, Louisiana 70544

Officers:
President: Dr. Steve Hom
1250 MacArthur Drive
Alexandria, Louisiana 71303

Vice-President: Dr. Joe Scott Holmes
300 Bayou Clear Rd.
Woodworth, Louisiana 71485

Secretary/Treasury: Bishop James W. Proctor
1901 Martin Luther King Dr
Jeanerette, Louisiana 70544

Provide a summary of the project or program:
           • Statement of Need – Louisiana churches and faith-based nonprofits are experiencing a Property and Casualty insurance crisis. Carriers have left the state, policies are being non-renewed, and when they are renewed, they see dramatic increases in rates, deductibles, and reductions in coverage. In short, many churches can’t find insurance, can’t afford the insurance they can find, and don’t have insurance options that meet their needs.
• Concept Document – The Fellowship of Louisiana Churches and Nonprofit Religious Organizations (FOLCNRO) exists to offer a self-insurance pool designed to provide relevant and affordable property and liability coverage to its members. Here's how the plan works:
o Participation and Underwriting: Each member church agrees to the participation agreement and bylaws set by the board of directors. Churches are underwritten based on their unique risk profiles, which consider factors such as location, construction type, total insured values, and past loss experience.
o Financial Investment and Responsibilities: Members are responsible for their annual premiums and their own deductibles in the event of property losses. The pool covers losses exceeding these deductibles up to an estimated $1 million. Additionally, the pool plans to purchase excess insurance for claims exceeding $1 million, aiming to match or exceed the 100-year catastrophic loss expectations, subject to market conditions.
o Coverage Details: The program is intended to be comprehensive, including wind and hail coverage. Wind and hail are subject to a percentage deductible based on the insured values of each building and its contents. The intention is to offer replacement cost coverage to members, with maximum benefits determined by the final reinsurance agreements.
o Documentation and Agreements: Each member will receive a member terms agreement and a copy of the participation agreement, outlining their responsibilities and the pool's offerings. This ensures transparency and clarity regarding the coverage provided.
• Eligibility Requirements – Any church or religious non-profit organization in the state of Louisiana. This would of course include any church or religious non-profit (food bank, school, camp, etc.).

What is the budget relative to the project for which funding is requested?:
          Salaries. . . . . . . . . . . . . $0
          Professional Services. . . $552,500
          Contracts . . . . . . . . . . . $0
          Acquisitions . . . . . . . . . $0
          Major Repairs . . . . . . . $0
          Operating Services. . . . $2,347,500
          Other Charges. . . . . . . $0

Does your organization have any outstanding audit issues or findings?  No

If 'Yes' is your organization working with the appropriate governmental agencies to resolve those issues or findings?
          Not Applicable

What is the entity's public purpose, sought to be achieved through the use of state monies?
          Churches and Religious non-profits are responsible for caring for so many social services preventing the state from the burden of these services. Feeding the hungry, caring for the homeless, recovering after disaster, etc. With churches not able to afford property insurance, we would be one catastrophe away from losing many which would fall back on the state to resource the many social services churches and nonprofit religious organizations provide. in addition, providing this insurance service to so many churches and organizations would relieve Louisiana Citizens Insurance of last resort from having to provide coverage for so many, lessening state liabilities.

What are the goals and objectives for achieving such purpose?
          To provide affordable property insurance allowing churches and religious non-profit organizations the opportunity to continue serving their communities which result in less care/funding/resources needed from the state.

What is the proposed length of time estimated by the entity to accomplish the purpose?
           6-12 months

If any elected or appointed state official or an immediate family member of such an official is an officer, director, trustee, or employee of the recipient entity who receives compensation or holds any ownership interest therein:
     (a) If an elected or appointed state official, the name and address of the official and the office held by such person:
                 None
    
     (b) If an immediate family member of an elected or appointed state official, the name and address of such person; the name, address, and office of the official to whom the person is related; and the nature of the relationship:
                 None

     (c) The percentage of the official's or immediate family member's ownership interest in the recipient entity, if any:
                 None

     (d) The position, if any, held by the official or immediate family member in the recipient entity:
                  None

If the recipient entity has a contract with any elected or appointed state official or an immediate family member of such an official or with the state or any political subdivision of the state:
(a) If the contract is with an elected or appointed state official, provide the name and address of the official and the office held by such person: 
               None

(b) If the contract is with an immediate family member of an elected or appointed state official:
          Provide the name and address of such person:
               None

          Provide the name, address, and office of the official to whom the person is related:
                N/A

          What is the nature of the relationship?  N/A

(c) If the contract is with the state or a political subdivision of the state, provide the name and address of the state entity or political subdivision of the state:
                 N/A

(d) The nature of the contract, including a description of the goods or services provided or to be provided pursuant to the contract:
               N/A


Contact Information
name:  Dale Lingenfelter 
                                       address:  1250 MacArthur Drive
Alexandria, LA 71303
                                       phone:  318-449-4209
                                       fax:  318-445-0055
                                       e-mail:  dale.lingenfelter@lbc.org
                                       relationship to entity:  Volunteer