Southwest Louisiana Hospital Association Foundation Inc
- Assets
- $3.8m
- Revenue
- $526.4k
- Investments
- $21.8k
- Employees
- 0
- Location
- Lake Charles, LA
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-0833927
Organization Overview
Southwest Louisiana Hospital Association Foundation Inc is located in Lake Charles, LA. The organization was established in 2010. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Louisiana Hospital Association Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Southwest Louisiana Hospital Association Foundation Inc generated $526.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $533.5k during the year ending 12/2022. While expenses have increased by 13.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Southwest Louisiana Hospital Association Foundation Inc has awarded 40 individual grants totaling $2,019,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS THE PHILANTHROPIC ARM OF LAKE CHARLES MEMORIAL HOSPITAL AND WORKS TO ENHANCE THE HOSPITAL'S MISSION OF COMPASSIONATE CARE, COMMUNITY SERVICE AND CUTTING-EDGE TECHNOLOGY FOR THE PEOPLE OF SOUTHWEST LOUISIANA THROUGH LEADERSHIP, RESOURCE DEVELOPMENT AND FINANCIAL STEWARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SPONSORS SEVERAL RECURRING EVENTS THAT ARE TO PROMOTE HEALING FOR THE HOSPITAL'S PATIENTS AND THEIR FAMILIES. ART FOR THE SOUL FEATURES PAINTINGS AND PHOTOGRAPHY FROM LOCAL ARTISTS WHICH ARE DISPLAYED IN THE HOSPITAL. FIRST MONDAY PROGRAM FEATURES MUSIC PROVIDED BY LOCAL MUSICIANS. THE FOUNDATION ALSO PROVIDED FOOTBALL EQUIPMENT FOR SEVERAL HIGH SCHOOL FOOTBALL TEAMS IN NEED, ENHANCING THE SAFETY OF MANY STUDENT ATHLETES. THE FOUNDATION DONATED ATHLETIC TRAINING EQUIPMENT TO HELP PREVENT AND TREAT SPORTS INJURIES AND CONCUSSIONS. THE FOUNDATION ALSO PROVIDES FUNDS FOR SCHOLARSHIPS FOR NURSING STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Roe Vice Chair | OfficerTrustee | 1 | $0 |
Richard Ratliff Roe IV Board Member | Trustee | 1 | $0 |
Greg Wise Board Member | Trustee | 1 | $0 |
Dawn Johnson Vice President Of Finance | OfficerTrustee | 1 | $0 |
Scott Daigle Director- Radiology | OfficerTrustee | 1 | $0 |
Jennifer Schelette Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $244,056 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,473 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $599,529 |
| Total Program Service Revenue | $0 |
| Investment income | $2,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$75,222 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $526,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,280 |
| Grants and other assistance to domestic individuals. | $24,970 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,582 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,783 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,206 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,057 |
| Office expenses | $4,258 |
| Information technology | $1,995 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,367 |
| Total functional expenses | $533,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,886,233 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $68,445 |
| Investments—other securities | $21,768 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $850,434 |
| Total assets | $3,826,880 |
| Accounts payable and accrued expenses | $3,448,090 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,500 |
| Total liabilities | $3,455,590 |
| Net assets without donor restrictions | $371,290 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,826,880 |
Grants Awarded
Over the last fiscal year, Southwest Louisiana Hospital Association Foundation Inc has awarded $93,280 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHWEST LOUISIANA HOSPITAL ASSOCATION PURPOSE: LSU FAMILY PRACTICE RESIDENT FUND | $36,232 |
PROVIDENT RESOURCES GROUP PURPOSE: CHILDREN'S MUSEUM PLEDGE | $50,000 |
TERREBONNE GENERAL HOSPITAL PURPOSE: HURRICANE IDA ASSISTANCE | $7,048 |