Our Lady Of The Angels Hospital Inc
- Assets
- $62.6m
- Revenue
- $88.4m
- Investments
- $22.3m
- Employees
- 611
- Location
- Baton Rouge, LA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 46-3123178
Organization Overview
Our Lady Of The Angels Hospital Inc is located in Baton Rouge, LA. The organization was established in 1946. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Our Lady Of The Angels Hospital Inc employed 611 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Our Lady Of The Angels Hospital 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 06/2022, Our Lady Of The Angels Hospital Inc generated $88.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $76.0m during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HOSPITAL'S PURPOSE IS TO PROVIDE CARE CARE FOR THE ILL, INJURED, OR DISABLED (SEE SCHEUDLE O) PERSONS & TO PROVIDE FOR RESEARCH, EDUCATION, & THE ENHANCEMENT OF HEALTH OF THOSE IN SOUTHEAST LOUISIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR LADY OF THE ANGELS HOSPITAL, INC. PROVIDES QUALITY HOSPITAL AND MEDICAL SERVICES PRIMARILY TO RESIDENTS OF SOUTHEAST LOUISIANA. THE HOSPITAL IS AN ACTIVE, CARING MEMBER OF THE COMMUNITIES IT SERVES. IN CARRYING OUT ITS MISSION OF MEETING THE HEALTHCARE NEEDS OF THE PEOPLE OF GOD, THE HOSPITAL HAS ESTABLISHED A POLICY UNDER WHICH IT PROVIDES CARE TO NEEDY MEMBERS OF ITS COMMUNITIES. THE HOSPITAL PROVIDED 56 LICENSED BEDS, 9,428 INPATIENT DAYS AND 20,089 ER VISITS IN THE YEAR ENDED JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Harrison Board Member | Trustee | 2 | $0 |
Robert Burgees Retired - President & CEO Wch | Trustee | 2 | $0 |
Bernie Chascin Board Member | Trustee | 2 | $0 |
Roger Keese Board Member | Trustee | 2 | $0 |
Leo Mickenheim Vice Chair | OfficerTrustee | 2 | $0 |
Rene Ragas President And CEO | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fmol Health System Management Services | 6/29/22 | $5,825,473 |
Washington Parish Emergency Contract Prof. Svcs | 6/29/22 | $1,875,958 |
Lsuhsc Clinics Prof. Medical Svcs | 6/29/22 | $3,167,780 |
Lsuhsc-new Orleans Prof. Medical Svcs | 6/29/22 | $1,863,193 |
Mercy Specialized Billing Svcs Billing Services | 6/29/22 | $1,707,059 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,139,361 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,139,361 |
| Total Program Service Revenue | $84,479,037 |
| Investment income | $139,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $609,575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,366,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,395 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $412,762 |
| Compensation of current officers, directors, key employees. | $58,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,539,873 |
| Pension plan accruals and contributions | $1,141,038 |
| Other employee benefits | $2,917,888 |
| Payroll taxes | $2,045,078 |
| Fees for services: Management | $13,753,244 |
| Fees for services: Legal | $25,213 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,884 |
| Fees for services: Other | $4,978,977 |
| Advertising and promotion | $147,400 |
| Office expenses | $6,620,462 |
| Information technology | $336,885 |
| Royalties | $0 |
| Occupancy | $6,461,675 |
| Travel | $50,043 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,778 |
| Interest | $11,286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,042,408 |
| Insurance | $848,627 |
| All other expenses | $5,577,305 |
| Total functional expenses | $75,956,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,802,590 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,884,795 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $489,880 |
| Prepaid expenses and deferred charges | $5,012,471 |
| Net Land, buildings, and equipment | $17,113,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,322,336 |
| Investments—program-related | $0 |
| Intangible assets | $113,894 |
| Other assets | $11,892,093 |
| Total assets | $62,631,558 |
| Accounts payable and accrued expenses | $12,107,652 |
| Grants payable | $0 |
| Deferred revenue | $1,994,498 |
| 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 | $9,003,403 |
| Total liabilities | $23,105,553 |
| Net assets without donor restrictions | $39,526,005 |
| 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 | $62,631,558 |