Lourdes Foundation Inc
- Assets
- $905.0k
- Revenue
- $67.5k
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 03/1986
- Data as of
- 12/2022
- EIN
- 59-2632080
Organization Overview
Lourdes Foundation Inc is located in West Palm Beach, FL. The organization was established in 1986. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lourdes 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, Lourdes Foundation Inc generated $67.5k 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 (12.5%) each year. All expenses for the organization totaled $3.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (37.6%) per year over the past 8 years. 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 PRIMARY EXEMPT PURPOSE OF THE LOURDES FOUNDATION IS TO RAISE FUNDS FOR THE BENEFIT AND SUPPORT OF LOURDES-NOREEN MCKEEN RESIDENCE FOR GERIATRIC CARE, INC., AND THE MISSION OF THE CARMELITE SISTERS FOR THE AGED AND INFIRM. OUR MISSION IS FOUNDED ON THE CHARISM OF VENERABLE MOTHER M. ANGELINE TERESA TO PROVIDE COMPASSIONATE CARE FOR THE ELDERLY IN A HOME-LIKE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOURDES FOUNDATION WAS ESTABLISHED IN 1985 FOR THE BENEFIT OF ITS AFFILIATED TAX-EXEMPT ENTITY, LOURDES-NOREEN MCKEEN RESIDENCE FOR GERIATRIC CARE, INC. THE LOURDES FOUNDATION SOLICITS, RECEIVES, AND INVESTS ALL GRANTS, CONTRIBUTIONS, AND PLEDGES; AND CONDUCTS FUNDRAISING FOR CAPITAL EXPANSION, RENOVATION, AND THE ENCOURAGEMENT OF INNOVATION IN THE DELIVERY OF HEALTH CARE SERVICES IN THE FIELD OF LONG TERM CARE FOR THE AGED AND INFIRM. OUR PURPOSE IS TO PROVIDE NEEDED FUNDS FOR THE SUPPORT OF THE PROGRAMS OF LOURDES-NOREEN MCKEEN RESIDENCE FOR GERIATRIC CARE, INC. RELATED TO ITS PURPOSE OF PROVIDING SHORT-TERM REHABILITATION, LONG TERM CARE, ASSISTED LIVING, AND INDEPENDENT RESIDENTIAL SERVICES TO THE ELDERLY IN PALM BEACH COUNTY, IN AN ATMOSPHERE OF CHRISTIAN UNDERSTANDING AND FAITH, RESPECTING HUMAN LIFE AND THE INHERENT DIGNITY OF EACH PERSON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Peter Lillian Dimaria President | OfficerTrustee | 1 | $0 |
Sr Maureen Murray Vice President | OfficerTrustee | 1 | $0 |
Sr Maureen Delourdes Mcdonough Secretary | OfficerTrustee | 1 | $0 |
Brian Kenney Director | Trustee | 1 | $0 |
Beth Daly Chairperson | Trustee | 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 | $22,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,489 |
| Total Program Service Revenue | $0 |
| Investment income | $23,988 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,043 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $2,616 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $224 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $275 |
| Total functional expenses | $3,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,040 |
| Savings and temporary cash investments | $30,451 |
| 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 | $816,557 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $905,048 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | -$129,162 |
| Net assets with donor restrictions | $1,034,210 |
| 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 | $905,048 |