Our Lady Of The Lake Hospital Inc
- Assets
- $2.9b
- Revenue
- $1.7b
- Investments
- $1.1b
- Employees
- 8,994
- 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 06/2022, Our Lady Of The Lake Hospital Inc employed 8,994 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 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.4b during the year ending 06/2021. While expenses have increased by 3.1% 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 The Lake Hospital Inc has awarded 171 individual grants totaling $115,774,735. 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
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:
Part 3 - Line 4a
THE MEDICAL CENTER PROVIDES QUALITY HOSPITAL AND MEDICAL SERVICES TO ITS PATIENTS. IN THE CURRENT YEAR, SERVICES WERE PROVIDED FOR 209,051 PATIENT DAYS, 203,326 EMERGENCY ROOM VISITS AND 35,947 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 |
|---|---|---|---|
William E Balhoff Chair | OfficerTrustee | 2 | $0 |
Greg Bowser Board Member | Trustee | 2 | $0 |
Sr Helen Cahill Board Member | Trustee | 2 | $0 |
Michael Crapanzano Board Member | Trustee | 2 | $0 |
Ronnie Daigle Board Member | Trustee | 2 | $0 |
Yolanda Dixon Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fmol Health System Management Fees | 6/29/22 | $135,692,227 |
Lsuhsc Clinics Medical Services | 6/29/22 | $58,485,103 |
Gifted Nurses Staffing Services | 6/29/22 | $23,354,179 |
Crothall Healthcare Inc Housekeeping Service | 6/29/22 | $18,263,440 |
Anesthesiology Group Assoc Inc Ansethesiology Svcs | 6/29/22 | $18,087,023 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,990,811 |
| 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 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 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 | $0 |
| 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 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,635,748,652 |
Grants Awarded
Over the last fiscal year, Our Lady Of The Lake Hospital Inc has awarded $74,687,210 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: CANCER SUPPORT | $75,000 |
ASCENSION CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT | $8,750 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $100,675 |
BATON ROUGE AREA CHAMBER PURPOSE: THINK BIGGER REGIONAL STRA PLAN PLEDGE | $100,000 |
BELLA BOWMAN FOUNDATION INC PURPOSE: BRAIN CANCER INITIATION | $6,000 |
CITY OF WALKER PURPOSE: DONATION FOR OUTDOOR EXERCISE AT SIDNEY | $6,000 |