Our Lady Of Lourdes Regional Medical Center Inc
- Assets
- $566.5m
- Revenue
- $543.1m
- Investments
- $24.3m
- Employees
- 3,367
- Location
- Baton Rouge, LA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 72-0423635
Organization Overview
Our Lady Of Lourdes Regional Medical Center Inc is located in Baton Rouge, LA. The organization was established in 1946. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Our Lady Of Lourdes Regional Medical Center Inc employed 3,367 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Our Lady Of Lourdes Regional Medical Center 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 Lourdes Regional Medical Center Inc generated $543.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $481.3m during the year ending 06/2022. While expenses have increased by 8.4% 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.
Since 2015, Our Lady Of Lourdes Regional Medical Center Inc has awarded 56 individual grants totaling $4,909,577. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE CARE OF THE ILL, INJURED, OR DISABLED PERSONS AND TO PROVIDE FOR RESEARCH, EDUCATION, AND THE ENHANCEMENT OF THOSE IN THE COMMUNITY.
Describe the Organization's Program Activity:
OUR LADY OF LOURDES REGIONAL MEDICAL CENTER PROVIDES QUALITY HOSPITAL AND MEDICAL SERVICES PRIMARILY TO RESIDENTS OF SOUTH LOUISIANA. THE MEDICAL CENTER 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 MEDICAL CENTER HAS ESTABLISHED A POLICY UNDER WHICH IT PROVIDES CARE TO NEEDY MEMBERS OF ITS COMMUNITIES. THE MEDICAL CENTER PROVIDED SERVICES FOR 97,535 PATIENT DAYS, 16,124 INPATIENT DISCHARGES, AND 99,494 EMERGENCY ROOM VISITS IN THE YEAR ENDED JUNE 30, 2022. SEE SCHEDULE O FOR FURTHER EXPLANATION.
OUR LADY OF LOURDES RMC'S PHYSICIAN PRACTICE PROVIDES CARE TO THE NEEDY MEMBERS OF ITS COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christa V Billeaud Vice Chair | OfficerTrustee | 0.5 | $0 |
FR James Brady Board Member | Trustee | 0.5 | $0 |
Matthew MD Boudreaux Board Member | Trustee | 0.5 | $0 |
Stephen J Delatte Board Member | Trustee | 0.5 | $0 |
Julie Dronet Board Member | Trustee | 0.5 | $0 |
Anita M Fontenot Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fmol Health System Management Services | 6/29/22 | $46,695,114 |
Young's Professional Services Anethesia Services | 6/29/22 | $7,242,606 |
Trimedx Inc Biomed Services | 6/29/22 | $6,788,775 |
Kent Design Build Construction Service | 6/29/22 | $4,318,576 |
Cardiac And Thoracic Surgery Surgery Services | 6/29/22 | $2,583,960 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,104,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $347,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,451,735 |
| Total Program Service Revenue | $505,853,055 |
| Investment income | $1,754,251 |
| Tax Exempt Bond Proceeds | $15 |
| Royalties | $0 |
| Net Rental Income | $2,160,637 |
| Net Gain/Loss on Asset Sales | $1,240,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $543,146,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,918,300 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,042,709 |
| Compensation of current officers, directors, key employees. | $346,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,129,940 |
| Pension plan accruals and contributions | $3,000 |
| Other employee benefits | $20,899,820 |
| Payroll taxes | $12,305,569 |
| Fees for services: Management | $73,216,348 |
| Fees for services: Legal | $386,814 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,931 |
| Fees for services: Other | $9,631,107 |
| Advertising and promotion | $2,333,408 |
| Office expenses | $34,242,102 |
| Information technology | $684,051 |
| Royalties | $0 |
| Occupancy | $14,643,401 |
| Travel | $228,437 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,110 |
| Interest | $8,612,598 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,808,598 |
| Insurance | $5,406,631 |
| All other expenses | $1,513,368 |
| Total functional expenses | $481,264,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,086,047 |
| Savings and temporary cash investments | $4,916,076 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,935,764 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $130,632 |
| Inventories for sale or use | $9,370,145 |
| Prepaid expenses and deferred charges | $15,677,751 |
| Net Land, buildings, and equipment | $261,248,495 |
| Investments—publicly traded securities | $100,000 |
| Investments—other securities | $24,297,830 |
| Investments—program-related | $6,210,490 |
| Intangible assets | $20,993,284 |
| Other assets | $52,529,913 |
| Total assets | $566,496,427 |
| Accounts payable and accrued expenses | $77,991,833 |
| Grants payable | $0 |
| Deferred revenue | $6,386,196 |
| Tax-exempt bond liabilities | $221,463,783 |
| 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 | $71,883,202 |
| Total liabilities | $377,725,014 |
| Net assets without donor restrictions | $182,355,330 |
| Net assets with donor restrictions | $6,416,083 |
| 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 | $566,496,427 |
Grants Awarded
Over the last fiscal year, Our Lady Of Lourdes Regional Medical Center Inc has awarded $1,918,300 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $26,300 |
LITTLE LEAGUE BASEBALL INC PURPOSE: GENERAL SUPPORT | $12,000 |
UL FOUNDATION PURPOSE: GENERAL SUPPORT | $880,000 |
ST THOMAS MORE CATHOLIC SCHOOL PURPOSE: GENERAL SUPPORT | $1,000,000 |