Lafayette General Foundation Inc
- Assets
- $17.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 37-1766778
Organization Overview
Lafayette General Foundation Inc, operating under the name Ochsner Lafayette General Foundation, is located in Lafayette, LA. The organization was established in 2016. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Ochsner Lafayette General Foundation 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 12/2023, Ochsner Lafayette General Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ochsner Lafayette General Foundation has awarded 46 individual grants totaling $2,958,708. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LAFAYETTE GENERAL FOUNDATION WAS CREATED TO SUPPORT LAFAYETTE GENERAL HEALTH (LGH), ACADIANA'S ONLY COMMUNITY-OWNED, NONPROFIT HEALTH SYSTEM. WE EXIST TO HELP FULFILL LGH'S MISSION, TO RESTORE, MAINTAIN AND IMPROVE HEALTH. OUR ROLE IS TO FIND AND CONNECT THE PIECES, PEOPLE AND PROCESSES WITH OUR RESOURCES, OUR SUPPORTERS AND OUR HEADS AND HEARTS. WITH THE GENEROSITY OF OUR SUPPORTERS AND DONORS, AND BY EAGERLY LISTENING TO OUR STAFF, PATIENTS AND OUR COMMUNITY, WE HELP PROVIDE INNOVATIONS THAT TRANSFORM HOW CARE IS DELIVERED. WE FUNDRAISE, BOOST PROJECTS AND AIM TO IMPROVE OUTCOMES, SATISFACTION AND CREATE A HEALTHIER FUTURE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAFAYETTE GENERAL FOUNDATION WAS CREATED TO SUPPORT LAFAYETTE SYSTEM. WE EXIST TO HELP FULFILL LGH'S MISSION, TO RESTORE, MAINTAIN AND IMPROVE HEALTH. OUR ROLE IS TO FIND AND CONNECT THE PIECES, PEOPLE AND PROCESSES WITH OUR RESOURCES, OUR SUPPORTERS AND OUR HEADS AND HEARTS. WITH THE GENEROSITY OF OUR SUPPORTERS AND DONORS, AND BY EAGERLY LISTENING TO OUR STAFF, PATIENTS AND OUR COMMUNITY, WE HELP PROVIDE INNOVATIONS THAT TRANSFORM HOW CARE IS DELIVERED. WE FUNDRAISE, BOOST PROJECTS AND AIM TO IMPROVE OUTCOMES SATISFACTION AND CREATE A HEALTHIER FUTURE FOR ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Boyd Anderson Chairman/president (end 06/2023) | OfficerTrustee | 1 | $0 |
Casey Hoyt Trustee | Trustee | 1 | $0 |
Jared S Quoyeser Trustee (end 01/2023) | Trustee | 1 | $0 |
Jason A Breaux MD Trustee | Trustee | 1 | $0 |
Jerry Vascocu Trustee/treasurer | Trustee | 1 | $0 |
John P Schutte MD Trustee/chairman ( Beg 06/2023) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,190,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,190,880 |
| Total Program Service Revenue | $118,921 |
| Investment income | $372,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,648,940 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $625,267 |
| Grants and other assistance to domestic individuals. | $34,317 |
| 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 | $231,968 |
| Pension plan accruals and contributions | $3,637 |
| Other employee benefits | $121,118 |
| Payroll taxes | $21,394 |
| Fees for services: Management | $231,770 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,873 |
| Fees for services: Other | $12,797 |
| Advertising and promotion | $31,885 |
| Office expenses | $26,527 |
| Information technology | $482 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,290 |
| Interest | $289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,584 |
| Insurance | $0 |
| All other expenses | -$2,810 |
| Total functional expenses | $1,518,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,675,224 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $132,259 |
| Accounts receivable, net | $19,467 |
| 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 | $2,477,316 |
| Investments—publicly traded securities | $10,233,634 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,050,000 |
| Total assets | $17,587,900 |
| Accounts payable and accrued expenses | $3,926 |
| 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 | $6,200,905 |
| Total liabilities | $6,204,831 |
| Net assets without donor restrictions | $8,363,532 |
| Net assets with donor restrictions | $3,019,537 |
| 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 | $17,587,900 |
Grants Awarded
Over the last fiscal year, Lafayette General Foundation Inc has awarded $621,121 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF ACADIANA INC PURPOSE: DONATION | $39,648 |
UNIVERSITY HOSPITAL & CLINICS INC PURPOSE: DONATION | $581,473 |