Our Lady Of The Lake Hospital Inc
- Assets
- $2.9b
- Revenue
- $1.7b
- Investments
- $1.1b
- Employees
- 8,560
- Location
- Baton Rouge, LA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 72-0423651
Organization Overview
Our Lady Of The Lake Hospital 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 06/2021, Our Lady Of The Lake Hospital Inc employed 8,560 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Our Lady Of The Lake 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 06/2021, Our Lady Of The Lake Hospital Inc generated $1.7b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.4b during the year ending 06/2021. While expenses have increased by 3.6% per year over the past 6 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 The Lake Hospital Inc has awarded 173 individual grants totaling $46,934,598. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE CARE OF THE ILL, INJURED, OR DISABLED PERSONS, AND (SEE SCHEDULE O)
Describe the Organization's Program Activity:
THE MEDICAL CENTER PROVIDES QUALITY HOSPITAL AND MEDICAL SERVICES TO ITS PATIENTS. IN THE CURRENT YEAR, SERVICES WERE PROVIDED FOR 206204 PATIENT DAYS, 179,561 EMERGENCY ROOM VISITS AND 36,188 INPATIENT DISCHARGES. THE MEDICAL CENTER IS AN ACTIVE, CARING MEMBER OF THE COMMUNITIES IT SERVES. IN CARRYING OUT ITS MISSION, THE MEDICAL CENTER HAS ESTABLISHED A POLICY UNDER WHICH IT PROVIDES CARE TO NEEDY MEMBERS OF ITS COMMUNITIES. ADDITIONAL COSTS WERE INCURRED FOR PARTICIPATION IN PROGRAMS WHICH, IN SOME CASES, PAY AMOUNTS LESS THAN THE COST OF PROVIDING SERVICES.
OUR LADY OF THE LAKE HOSPITAL'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 |
|---|---|---|---|
Denzil L Moraes Staff Physician | 40 | $1,252,079 | |
Charles A Smith Staff Physician | 40 | $1,052,936 | |
Paul M Dampf Staff Physician | 40 | $1,031,292 | |
Carl Rigby Staff Physician | 40 | $1,003,451 | |
Kenneth C Civello Staff Physician | 40 | $994,268 | |
Dr James Craven Board Member/physician | Trustee | 40 | $844,319 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fmol Health System Management Fees | 6/29/21 | $136,840,819 |
Anesthesiology Group Assoc Ansethesiology Svcs | 6/29/21 | $17,017,282 |
Lsuhsc Clinics Medical Svcs | 6/29/21 | $60,833,973 |
Milton J Womack Inc Contractor Svcs | 6/29/21 | $17,876,260 |
Crothall Healthcare Inc Housekeeping Svcs | 6/29/21 | $16,486,043 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $918,801 |
| Government grants | $59,990,727 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,081,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,990,811 |
| Total Program Service Revenue | $1,516,154,022 |
| Investment income | $9,877,015 |
| Tax Exempt Bond Proceeds | -$4,966 |
| Royalties | $0 |
| Net Rental Income | $18,777,607 |
| Net Gain/Loss on Asset Sales | $35,061,890 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,745,403,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,271,637 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $12,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,252,870 |
| Compensation of current officers, directors, key employees. | $722,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $498,353,612 |
| Pension plan accruals and contributions | $8,018,317 |
| Other employee benefits | $50,028,681 |
| Payroll taxes | $32,508,738 |
| Fees for services: Management | $221,101,989 |
| Fees for services: Legal | $938,418 |
| Fees for services: Accounting | -$34,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,261,673 |
| Fees for services: Other | $104,378,901 |
| Advertising and promotion | $1,608,302 |
| Office expenses | $51,468,628 |
| Information technology | $1,818,648 |
| Royalties | $0 |
| Occupancy | $30,800,122 |
| Travel | $549,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $552,639 |
| Interest | $19,632,098 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,854,351 |
| Insurance | $14,043,159 |
| All other expenses | $3,382 |
| Total functional expenses | $1,444,233,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,739,705 |
| Savings and temporary cash investments | $25,946,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $265,893,410 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,106,911 |
| Inventories for sale or use | $24,092,466 |
| Prepaid expenses and deferred charges | $7,435,939 |
| Net Land, buildings, and equipment | $860,811,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,089,683,029 |
| Investments—program-related | $48,025,587 |
| Intangible assets | $31,096,686 |
| Other assets | $46,206,873 |
| Total assets | $2,884,038,878 |
| Accounts payable and accrued expenses | $233,634,081 |
| Grants payable | $0 |
| Deferred revenue | $83,883,431 |
| Tax-exempt bond liabilities | $502,758,719 |
| 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 | $428,013,995 |
| Total liabilities | $1,248,290,226 |
| Net assets without donor restrictions | $1,623,998,534 |
| Net assets with donor restrictions | $11,750,118 |
| 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 | $2,884,038,878 |
Grants Awarded
Over the last fiscal year, Our Lady Of The Lake Hospital Inc has awarded $6,117,845 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $2,900,000 |
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $1,250,004 |
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $1,200,000 |
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $150,000 |
Baton Rouge, LA PURPOSE: ATHLETIC TRAINING (ATC) OUTREACH FUND | $135,521 |
Baton Rouge, LA PURPOSE: "THINK BIGGER" REGIONAL STRATEGIC PLAN P | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Our Lady Of The Lake Hospital Inc has recieved totaling $289,995.
| Awarding Organization | Amount |
|---|---|
Mayors Healthy City Initiative Baton Rouge, LA PURPOSE: INCREASE ACCESS TO HEALTHY FOODS | $164,485 |
The Childrens Health Fund New York, NY PURPOSE: Health Project | $105,510 |
Foundation Forsurgical Fellowships Los Angeles, CA PURPOSE: General Support | $10,000 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Ochsner Lsu Health System Of North Louisiana Shreveport, LA | $392,846,528 | $902,271,211 |
Texas Health Harris Methodist Hospital Fort Worth Fort Worth, TX | $650,433,477 | $986,113,649 |
Mother Frances Hospital Regional Health Care Center irving, TX | $705,395,204 | $847,366,783 |
North Mississippi Medical Center Inc Tupelo, MS | $1,589,620,172 | $809,459,200 |
St Vincent Infirmary Medical Center Little Rock, AR | $1,148,625,414 | $510,888,320 |
St Dominic-Jackson Memorial Hospital Jackson, MS | $456,520,111 | $513,403,574 |
Baton Rouge General Medical Center Baton Rouge, LA | $496,482,210 | $567,217,966 |
St Joseph Regional Health Center Bryan, TX | $646,031,520 | $469,355,522 |
Shannon Medical Center San Angelo, TX | $508,828,126 | $575,714,031 |
Mississippi Baptist Medical Center Jackson, MS | $529,210,695 | $513,564,298 |
St Bernards Hospital Inc Jonesboro, AR | $376,576,923 | $505,772,828 |