Ochsner Clinic Foundation, operating under the name See Statement, is located in New Orleans, LA. The organization was established in 1944. 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 12/2021, See Statement employed 29,765 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Statement 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 12/2021, See Statement generated $4.9b in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $4.7b during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, See Statement has awarded 331 individual grants totaling $18,682,475. 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
PATIENT CARE, GRADUATE MEDICAL EDUCATION, & MEDICAL RESEARCH
Describe the Organization's Program Activity:
PATIENT CARE/PATIENT MEDICAL SERVICES: OCHSNER CLINIC FOUNDATION CONSISTS OF SEVEN HOSPITALS AT ELEVEN CAMPUSES AND MANY CLINICAL LOCATIONS. SERVED 71,166 INPATIENTS RESULTING IN 375,738 PATIENT DAYS. EMERGENCY ROOM VISITS TOTALED 412,409. THE NUMBER OF BIRTHS TOTALED 8,097. OUTPATIENT HOSPITAL VISITS TOTALED 1,085,843. PHYSICIAN CLINIC VISITS TOTAL 3,111,137. 370 PATIENTS RECEIVED ORGAN TRANSPLANTS.
DIVISION OF ACADEMICS: SINCE 1944, ACADEMICS HAS BEEN AN INTEGRAL COMPONENT OF THE MISSION, VISIONS AND STRATEGY OF THE OCHSNER ORGANIZATION. THE DIVISION OF ACADEMICS, ENCOMPASSING BOTH MEDICAL EDUCATION AND RESEARCH, ADDS EMPHASIS, INTELLECTUAL CAPITAL AND FOCUS TO OCHSNER'S MISSION TO LEAD, EDUCATE, AND INNOVATE, WITH THE PRIMARY FOCUS OF PROVIDING THE HIGHEST QUALITY CARE AND SERVICE TO THE OCHSNER COMMUNITIES AND PATIENTS. OUR MEDICAL EDUCATION MISSION IS TO EDUCATE AND TRAIN A HEALTH PROFESSIONAL WORKFORCE THAT IS PREPARED TO PROVIDE SAFE AND EFFICIENT CARE IN AN EVOLVING HEALTHCARE DELIVERY SYSTEM ALONG WITH OUR RESEARCH MISSION TO ENHANCE, FOSTER, AND PROMOTE TRANSLATIONAL, CLINICAL AND HEALTH SERVICES RESEARCH OF THE HIGHEST QUALITY TO IMPROVE THE CLINICAL CARE OF OUR PATIENTS. THE ACADEMIC AREAS ARE OPERATING DIVISIONS OF OCF. RESIDENCY TRAINING PROGRAMS. OCF OPERATES ONE OF THE NATION'S LARGEST INDEPENDENT ACADEMIC MEDICAL CENTERS AND TRAINS OVER 320 RESIDENTS AND FELLOWS ANNUALLY IN 31 INDEPENDENT OCF-SPONSORED ACCREDITED RESIDENCY TRAINING PROGRAMS. IN ADDITION, OCHSNER IS A JOINT SPONSOR WITH THE LOUISIANA STATE UNIVERSITY HEALTH SCIENCE CENTER ("LSUHSC"), PSYCHIATRY PROGRAM, AND IS A JOINT SPONSOR WITH TULANE UNIVERSITY SCHOOL OF MEDICINE ("TULANE") FOR PEDIATRICS AND PLASTIC SURGERY PROGRAMS. THE JOINT PROGRAMS INCLUDE APPROXIMATELY 80 RESIDENTS. IN ADDITION, ANOTHER 684 RESIDENTS AND FELLOWS ROTATE TO OCF IN VARIOUS DISCIPLINES OF MEDICINE AND SURGERY UNDER AFFILIATION AGREEMENTS WITH LSUHSC AND TULANE AS WELL AS OTHER SCHOOLS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. OCHSNER ALSO SUPPORTS LSUHSC RESIDENCY TRAINING PROGRAMS AT OCHSNER MEDICAL CENTER - KENNER WHERE APPROXIMATELY 55 RESIDENTS IN FAMILY PRACTICE AND INTERNAL MEDICINE, AND APPROXIMATELY 90 RESIDENTS IN MEDICINE AND SURGICAL SPECIALTIES TRAINING PROGRAMS COMPLETE CLINICAL ROTATIONS ANNUALLY.UNIVERSITY OF QUEENSLAND, OCHSNER CLINICAL SCHOOL. IN THE FALL OF 2008, OCHSNER ENTERED INTO A PARTNERSHIP WITH THE UNIVERSITY OF QUEENSLAND SCHOOL OF MEDICINE IN BRISBANE, AUSTRALIA TO DEVELOP THE UNIVERSITY OF QUEENSLAND, OCHSNER CLINICAL SCHOOL ("OCS"). THE UQ OCHSNER CLINICAL SCHOOL IS FULLY ACCREDITED BY THE AUSTRALIAN MEDICAL COUNCIL AND AT FULL STUDENT COMPLIMENT, THIS PROGRAM GRADUATES APPROXIMATELY 100 MEDICAL STUDENTS EACH YEAR. THE STUDENTS GRADUATE WITH A DOCTOR OF MEDICINE (MD) DEGREE. AS OF JANUARY 2022 , THERE WERE 415 STUDENTS ENROLLED IN THE UNIVERSITY OF QUEENSLAND, OCS PROGRAM. IN 2022, THE OCS RESIDENCY MATCH RATE WAS 98%. IN ADDITION TO THE UNIVERSITY OF QUEENSLAND, OCS PROGRAM, OCHSNER CONTINUES TO PROVIDE OVER 250 STUDENT-MONTHS OF CLINICAL EDUCATION TO OVER 200 MEDICAL STUDENTS FROM TULANE AND THE LSUHSC AND OTHER MEDICAL SCHOOL PROGRAMS FROM ACROSS THE REGION, COUNTRY AND AROUND THE WORLD.THE OCHSNER DEPARTMENT OF CONTINUING MEDICAL EDUCATION (CME) HAS BEEN ACCREDITED BY THE ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION (ACCME) SINCE 1976. APPROXIMATELY 150 CME EDUCATIONAL ACTIVITIES ARE HELD ANNUALLY THROUGH REGULARLY SCHEDULED SERIES, INTERNET COURSES, AND LIVE ACTIVITIES PROVIDING MORE THAN 16,500 PRACTICING PHYSICIANS WITH OVER 38,000 CME CREDITS. OCF ALSO COLLABORATES WITH OVER 20 JOINT PROVIDERS TO ISSUE CME CREDIT FOR EDUCATIONAL ACTIVITIES SPONSORED THROUGH THE JOINT PROVIDER. THESE EDUCATIONAL ACTIVITIES INCLUDE NATIONAL SOCIETIES, REGIONAL HOSPITALS, AND SPECIALTY GROUPS. IN ADDITION, OCHSNER IS APPROVED BY THE LOUISIANA STATE BOARD OF MEDICAL EXAMINERS TO PROVIDE CME CREDIT FOR THE MANDATORY CONTROLLED DANGEROUS SUBSTANCE (CDS) LICENSE REQUIREMENT.NURSING/ALLIED HEALTH / ADVANCED PRACTICE AFFILIATIONS. OCF HAS FORMAL AFFILIATIONS WITH OVER 120 INSTITUTIONS OF HIGHER LEARNING. OCF, THROUGH NURSING, ALLIED HEALTH, AND ADVANCED PRACTICE AFFILIATIONS, ENABLES STUDENTS ENROLLED IN OVER 275 COLLEGE AND UNIVERSITY PROGRAMS THROUGHOUT THE UNITED STATES TO COMPLETE FORMAL CLINICAL TRAINING DEGREE REQUIREMENTS. THROUGH THESE AFFILIATIONS, OCHSNER PROVIDES CLINICAL TRAINING AND MENTORING TO OVER 1,500 STUDENTS. IN ADDITION TO THESE AFFILIATIONS, OCHSNER IS PARTNERED WITH XAVIER UNIVERSITY OF NEW ORLEANS TO FACILITATE A PHYSICIAN ASSISTANT PROGRAM AND LOYOLA UNIVERSITY OF NEW ORLEANS TO FACILITATE A BACHELOR'S OF NURSING PROGRAM.APPROVALS AND ACCREDITATIONS. OCF'S DIVISION OF ACADEMICS' EDUCATION PROGRAMS ARE ACCREDITED BY OR REGISTERED WITH THE FOLLOWING AGENCIES:ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION (ACGME)ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION (ACCME)AMERICAN ASSOCIATION OF MEDICAL COLLEGES (AAMC)AUSTRALIAN MEDICAL COUNCIL (AMC)COUNCIL ON TEACHING HOSPITALS (COTH)
MEDICAL RESEARCH: CURRENTLY, OCHSNER CLINIC FOUNDATION OPERATES SIX RESEARCH LABORATORIES WITHIN THE INSTITUTE FOR TRANSLATIONAL RESEARCH FOCUSING ON MULTIPLE MEDICAL DISEASES AND PROBLEMS INCLUDING CANCER, TRANSPLANT AND HEPATOLOGY, RHEUMATOLOGIC DISEASES, NEUROLOGICAL DISORDERS, NEPHROLOGIC DISEASE AND INFECTIOUS DISEASES. IN ADDITION, OCHSNER CURRENTLY OFFERS TO ITS PATIENTS OVER 700 ACTIVE CLINICAL RESEARCH STUDIES IN 50 CLINICAL AREAS. APPROXIMATELY 10,000 PATIENTS PARTICIPATE IN CLINICAL RESEARCH ANNUALLY AND THE NUMBER CONTINUES TO INCREASE. THE OCHSNER INSTITUTIONAL REVIEW BOARD PROVIDES OVERSIGHT FOR ALL CLINICAL TRIALS TO ENSURE THE SAFETY OF THE HUMAN SUBJECTS PARTICIPATING IN RESEARCH. OCHSNER ESTABLISHED THE OCHSNER CENTER FOR OUTCOMES RESEARCH (OCOR), FORMERLY CENTER FOR APPLIED HEALTH SERVICES RESEARCH (IN 2014, THE MISSION OF WHICH IS TO ADVANCE KNOWLEDGE, IMPROVE CLINICAL PRACTICE, AND IMPROVE THE HEALTH AND WELL-BEING OF THE COMMUNITY). PHYSICIAN INVESTIGATORS DEVELOP HYPOTHESES AND ANALYZE PATIENT DATA TO DETERMINE KEY RELATIONSHIPS ASSOCIATED WITH HUMAN DISEASE AND HEALTH ISSUES. FINDINGS FROM OUTCOMES RESEARCH CAN BE APPLIED THROUGH INVESTIGATOR-INITIATED STUDIES DESIGNED TO IMPROVE PATIENT OUTCOMES. THE OCOR BUSINESS TEAM ALSO COLLABORATES WITH OCHSNER LEADERS TO IDENTIFY HIGH PRIORITY ISSUES AND DESIGN KEY INITIATIVES THAT WOULD BENEFIT FROM RESEARCH EXPERTISE AND PROGRAM EVALUATION INCLUDING NEW BENEFITS, SYSTEM REDESIGN, PATIENT SAFETY AND CLINICAL CARE. THE CENTER IDENTIFIES AND INFLUENCES CAPACITY TO CONDUCT HEALTH CARE DEMONSTRATIONS AND PRAGMATIC PRACTICE-BASED INTERVENTIONS THAT ARE HIGH PRIORITY FOR OPERATIONAL LEADERS AND HAVE HIGH SCIENTIFIC MERIT. OCOR SERVICES INCLUDE AN INFORMATION ANALYTICS UNIT THAT HELPS RESEARCHERS EXTRACT DATA FROM OCHSNER'S SYSTEM DATA REPOSITORIES, AN EPIDEMIOLOGY & BIOSTATISTICS UNIT THAT HELPS RESEARCHERS WITH PROJECT DEVELOPMENT AND DATA ANALYSIS, AND A PATIENT RESEARCH ADVISORY BOARD WHICH FACILITATES PATIENT ENGAGEMENT IN BOTH INDUSTRY-SPONSORED AND INVESTIGATOR-INITIATED STUDIES. THE OCOR IS A MAJOR COLLABORATOR ON SEVERAL GRANTS FUNDED BY THE PATIENT-CENTERED OUTCOMES RESEARCH INSTITUTE AND THE NATIONAL INSTITUTES OF HEALTH. THE CLINICAL TRIAL UNIT (CTU), LOCATED AT OCHSNER BAPTIST MEDICAL CENTER, WAS ESTABLISHED IN 2012 TO PROVIDE THE ABILITY TO CARRY OUT A VARIETY OF CLINICAL TRIALS, INCLUDING COMPLEX TRIALS REQUIRING CLOSE MONITORING, HIGH-VOLUME TRIALS, AND MORE. SINCE INCEPTION, OVER 2,500 PATIENTS HAVE PARTICIPATED IN RESEARCH STUDIES AT THE CTU. THE BIOREPOSITORY & CORE RESEARCH LAB UNIT, LOCATED AT OCHSNER MEDICAL CENTER, WAS ESTABLISHED IN 2011 TO DEVELOP A ROBUST INVENTORY OF HUMAN BIOSPECIMENS AND BIOFLUIDS FOR UTILIZATION IN RESEARCH PROJECTS. SINCE INCEPTION, OVER 4,000 PATIENTS HAVE DONATED THEIR TISSUES AND BIOFLUIDS. THIS HAS RESULTED IN DEVELOPMENT OF A COMPREHENSIVE EXPRESSBANK WITH AN INVENTORY OF OVER 41,300 ALIQUOTS OF BIOSPECIMENS. THEY ALSO HAVE CUSTODY OF ANY FFPE BLOCKS FROM THE PATHOLOGY DEPARTMENT THAT ARE 10 YEARS OR OLDER DATING BACK TO 1998. FURTHERMORE, THEY HAVE ACCESS TO REMNANT TISSUE AND BIOFLUID SPECIMENS DEEMED LEFTOVER MEDICAL WASTE FROM CLINICAL PROCEDURES. TO PROVIDE MORE BIOSPECIMEN DONATION OPPORTUNITIES TO OUR PATIENTS, A NEW SATELLITE BIOBANK UNIT WAS ESTABLISHED AT OCHSNER BAPTIST MEDICAL CENTER IN 2016 WHERE AN EFFORT TO COLLECT WOMEN'S HEALTH SPECIMENS AND WELL AS GENITOURINARY SPECIMENS FROM MEN WAS INITIATED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Warner L Thomas President / CEO / Board Member | OfficerTrustee | 44 | $9,155,980 |
Scott J Posecai Evp-Insurance P'ships & Treasurer | Officer | 45 | $3,619,506 |
Robert I Hart MD Exec Vp-Chief Medical Officer | Officer | 48 | $2,401,191 |
Benjamin B Peeler MD Physician-Section Head | 50 | $2,204,567 | |
Michael F Hulefeld Exec VP & Chief Operating Officer | Officer | 44 | $2,201,605 |
Peter C November Evp-Cfo | Officer | 45 | $2,198,415 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Gjerset & Lorenz Llp Legal Services | 12/30/21 | $21,806,712 |
The Lemoine Company Llc Construction | 12/30/21 | $29,011,128 |
Gibbs Construction Llc Construction | 12/30/21 | $17,274,686 |
South Louisiana Medical Assoc Professional Services | 12/30/21 | $21,925,969 |
Broadmoor Llc Construction | 12/30/21 | $16,864,644 |
Statement of Revenue | |
---|---|
Federated campaigns | $161,413 |
Membership dues | $0 |
Fundraising events | $2,282,608 |
Related organizations | $0 |
Government grants | $73,872,851 |
All other contributions, gifts, grants, and similar amounts not included above | $39,549,723 |
Noncash contributions included in lines 1a–1f | $1,961,826 |
Total Revenue from Contributions, Gifts, Grants & Similar | $115,866,595 |
Total Program Service Revenue | $4,048,448,348 |
Investment income | $35,342,004 |
Tax Exempt Bond Proceeds | $40 |
Royalties | $141,448 |
Net Rental Income | $3,606,434 |
Net Gain/Loss on Asset Sales | $38,596,527 |
Net Income from Fundraising Events | -$779,954 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $16,703,938 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,902,026,766 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $13,027,763 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $81,664 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $35,081,256 |
Compensation of current officers, directors, key employees. | $26,519,573 |
Compensation to disqualified persons | $1,124,213 |
Other salaries and wages | $1,955,171,381 |
Pension plan accruals and contributions | $43,442,578 |
Other employee benefits | $73,882,871 |
Payroll taxes | $121,538,059 |
Fees for services: Management | $415,654 |
Fees for services: Legal | $30,463,612 |
Fees for services: Accounting | $708,484 |
Fees for services: Lobbying | $396,897 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $9,826,047 |
Fees for services: Other | $447,008,557 |
Advertising and promotion | $19,958,165 |
Office expenses | $51,478,138 |
Information technology | $156,514,644 |
Royalties | $0 |
Occupancy | $131,743,539 |
Travel | $4,635,642 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,982,161 |
Interest | $62,269,164 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $140,754,691 |
Insurance | $37,971,377 |
All other expenses | $167,931,264 |
Total functional expenses | $4,658,470,804 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $44,061,983 |
Savings and temporary cash investments | $548,768,858 |
Pledges and grants receivable | $24,030,944 |
Accounts receivable, net | $694,127,097 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $3,560,159 |
Inventories for sale or use | $149,855,060 |
Prepaid expenses and deferred charges | $69,733,893 |
Net Land, buildings, and equipment | $1,325,143,846 |
Investments—publicly traded securities | $898,659,037 |
Investments—other securities | $622,114,661 |
Investments—program-related | $36,960,057 |
Intangible assets | $83,844,679 |
Other assets | $1,189,322,541 |
Total assets | $5,690,182,815 |
Accounts payable and accrued expenses | $664,528,445 |
Grants payable | $0 |
Deferred revenue | $143,356,615 |
Tax-exempt bond liabilities | $1,129,541,398 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $695,900,361 |
Unsecured mortgages and notes payable | $200,000,000 |
Other liabilities | $641,219,529 |
Total liabilities | $3,474,546,348 |
Net assets without donor restrictions | $2,055,646,540 |
Net assets with donor restrictions | $159,989,927 |
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 | $5,690,182,815 |
Over the last fiscal year, Ochsner Clinic Foundation has awarded $11,082,152 in support to 60 organizations.
Grant Recipient | Amount |
---|---|
New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $5,005,000 |
Baton Rouge, LA PURPOSE: GENERAL ASSISTANCE | $1,750,000 |
Shreveport, LA PURPOSE: GENERAL ASSISTANCE | $1,000,000 |
Lafayette, LA PURPOSE: GENERAL ASSISTANCE | $650,000 |
Schriever, LA PURPOSE: GENERAL ASSISTANCE | $400,000 |
New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $400,000 |
Over the last fiscal year, we have identified 1 grants that Ochsner Clinic Foundation has recieved totaling $200.
Awarding Organization | Amount |
---|---|
Usdin-Weil Foundation New Orleans, LA PURPOSE: PURSUANT TO ORGANIZATIONS GOAL ACHIEVEMENT EFFORTS AND DISTRIBUTIONS TO 501(C)(3) | $200 |
Beg. Balance | $50,814,698 |
Earnings | $8,120,038 |
Net Contributions | $2,044,093 |
Other Expense | $265,223 |
Ending Balance | $60,713,606 |
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 |