Lha Foundation
- Assets
- $2.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Baton Rouge, LA
- Founding
- 02/1968
- Data as of
- 12/2023
- EIN
- 72-0636846
Organization Overview
Lha Foundation is located in Baton Rouge, LA. The organization was established in 1968. As of 12/2023, Lha Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lha Foundation 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 12/2023, Lha Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 9 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 2020, Lha Foundation has awarded 143 individual grants totaling $3,791,988. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE LHA FOUNDATION IS TO ADMINISTER HHS GRANTS AND (CONTINUED ON SCHEDULE O) OTHER GRANTS AND CONTRACTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HHS GRANT - EXPENDITURES RELATED TO A GRANT FOR EMERGENCY PREPAREDNESS. THE FOUNDATION FACILITATES EMERGENCY PREPAREDNESS BETWEEN OTHER GOVERNMENT AGENCIES AND HOSPITALS IN THE STATE.
HQIC - EXPENDITURES RELATED TO A CONTRACT FOR PROVIDING TECHNICAL ASSISTANCE TO RECRUITED HOSPITAL THAT COMMITTED TO THE HOSPITAL QUALITY IMPROVEMENT CONTRACT (HQIC). THE LHA FOUNDATION ADMINISTERS FUNDS RECEIVED FROM CONVERGENCE HEALTH TO REDUCE HOSPITAL-ACQUIRED CONDITIONS AND READMISSIONS, AS WELL AS IMPROVE OPIOID STEWARDSHIP AND HOSPITAL RESPONSE TO PUBLIC HEALTH EMERGENCIES. FUNDS RECEIVED WERE BASED UPON THE NUMBER OF HOSPITALS RECRUITED AND SUPPORTED.
ASPR: - EXPENDITURES RELATED TO A CONTRACT FOR PROVIDING FUNDING TO HOSPITALS THAT EXECUTED A SUBRECIPIENT AGREEMENT. THE LHA FOUNDATION ADMINISTERS FUNDS RECEIVED FROM THE ASSISTANT SECRETARY FOR PREPAREDNESS RESPONSE (ASPR) FOR ALLOWABLE EXPENDITURES RELATED TO COVID. IN ADDITION TO THE FLOW-THROUGH FUNDING FOR THE HOSPITALS, THE LHA FOUNDATION RECEIVES A 10% ADMINISTRATION FEE FOR THE PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan M Coffman Fache Trustee | Trustee | 1 | $0 |
Cindy Dolan CPA CIC Cwcp Trustee | Trustee | 1 | $0 |
Coletta Barrett RN Fache Trustee | Trustee | 1 | $0 |
Robert Peltier MD Trustee | Trustee | 1 | $0 |
Paul Salles Secretary/treasurer | OfficerTrustee | 1 | $0 |
Roger Mattke MBA Fhfma Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,813,683 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,011 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,045,694 |
| Total Program Service Revenue | $0 |
| Investment income | $24,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,078,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $436,553 |
| 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 | $618,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $47,000 |
| Fees for services: Legal | $2,904 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,813 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $38,696 |
| Royalties | $0 |
| Occupancy | $33,425 |
| Travel | $5,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,964 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,161 |
| Insurance | $13,578 |
| All other expenses | $42,602 |
| Total functional expenses | $2,141,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,737,528 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $260,987 |
| Accounts receivable, net | $16,301 |
| 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 | $19,221 |
| Net Land, buildings, and equipment | $3,161 |
| Investments—publicly traded securities | $167,612 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,204,810 |
| Accounts payable and accrued expenses | $158,839 |
| 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 | $560,704 |
| Total liabilities | $719,543 |
| Net assets without donor restrictions | $1,485,267 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,204,810 |
Grants Awarded
Over the last fiscal year, Lha Foundation has awarded $432,311 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTUS HEALTH NORTHERN LOUISIANA PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $43,104 |
ACADIAN MEDICAL CENTER PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $18,976 |
NORTH CADDO MEDICAL CENTER PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $13,757 |
OAKDALE COMMUNITY HOSPITAL PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $11,860 |
PRAIRIEVILLE FAMILY HOSPITAL PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $12,573 |
PREVOST MEMORIAL HOSPITAL PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $13,521 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Central Texas Trauma Regional Advisory Council Inc Arlington, TX | $8,338,158 | $9,749,216 |
Advisewell Inc New Orleans, LA | $15,089,428 | $6,932,766 |
Lha Foundation Baton Rouge, LA | $2,204,810 | $2,078,524 |
Physicians Benevolent Fund Austin, TX | $5,245,962 | $559,687 |
Houston Business Coalition On Health Katy, TX | $212,784 | $403,025 |
Waterman Medical Foundatiion Dallas, TX | $2,250,194 | $164,914 |
Dcms Foundation Dallas, TX | $4,735,570 | $2,377,114 |
Sealy Medical Center Foundation Sealy, TX | $821,157 | $13,230 |
Hill Country Memorial Medical Office Buildings Fredericksburg, TX | $0 | $0 |