Louisiana Hospital Association Research And Education Foundation
- Assets
- $1.8m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Baton Rouge, LA
- Founding
- 02/1968
- Data as of
- 12/2021
- EIN
- 72-0636846
Organization Overview
Louisiana Hospital Association Research And Education Foundation is located in Baton Rouge, LA. The organization was established in 1968. As of 12/2021, Louisiana Hospital Association Research And Education Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Hospital Association Research And Education 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 12/2021, Louisiana Hospital Association Research And Education Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 19.3% 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 2020, Louisiana Hospital Association Research And Education Foundation has awarded 111 individual grants totaling $3,123,743. 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
THE PRIMARY PURPOSE OF THE LOUISIANA HOSPITAL ASSOCIATION-RESEARCH (CONTINUED ON SCHEDULE O)AND EDUCATION FOUNDATION IS TO ADMINISTER HHS GRANTS AND 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 LHAREF 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 LHAREF 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 LHAREF RECEIVES A 10% ADMINISTRATION FEE FOR THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Salles Secretary | OfficerTrustee | 1 | $0 |
Gregory C Feirn Immediate Past-Chair | OfficerTrustee | 1 | $0 |
Charles D Daigle Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mary Ellen Pratt Chair | OfficerTrustee | 1 | $0 |
Kenneth J Cochran Trustee | Trustee | 1 | $0 |
Coletta C Barrett Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,000 |
| Government grants | $3,575,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $265,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,866,660 |
| Total Program Service Revenue | $0 |
| Investment income | $10,983 |
| 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 | $3,893,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,399,161 |
| 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 | $495,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $50,000 |
| Fees for services: Legal | $9,828 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,462 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $11,968 |
| Royalties | $0 |
| Occupancy | $49,318 |
| Travel | $933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,707 |
| Insurance | $11,448 |
| All other expenses | $41,824 |
| Total functional expenses | $3,943,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,459,396 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $126,156 |
| Accounts receivable, net | $18,414 |
| 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 | $16,483 |
| Net Land, buildings, and equipment | $4,499 |
| Investments—publicly traded securities | $161,827 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,786,775 |
| Accounts payable and accrued expenses | $142,756 |
| 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 | $10,786 |
| Total liabilities | $153,542 |
| Net assets without donor restrictions | $1,633,233 |
| 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 | $1,786,775 |
Grants Awarded
Over the last fiscal year, Louisiana Hospital Association Research And Education Foundation has awarded $2,388,667 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
Napoleonville, LA PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $495,201 |
ACADIAN AMBULANCE SERIVCE INC PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $381,354 |
New Orleans, LA PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $205,196 |
Shreveport, LA PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $105,563 |
New Orleans, LA PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $87,790 |
JACKSON PARISH AMBULANCE SERVICE DISTRICT PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS MISSION | $76,254 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Louisiana Hospital Association Research And Education Foundation has recieved totaling $54,600.
| Awarding Organization | Amount |
|---|---|
Blue Cross And Blue Shield Of Louisiana Foundation Baton Rouge, LA PURPOSE: 2021 LOUISIANA HOSPITAL ASSOCIATION RESEARCH AND EDUCATION FOUNDATION (LHAREF) PHYSICIAN LEADERSHIP ACADEMY (PLA) | $29,600 |
Louisiana Hospital Association Baton Rouge, LA PURPOSE: TO SUPPORT THE LOUISIANA CARE FUND | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Central Texas Trauma Regional Advisory Council Inc Arlington, TX | $4,368,300 | $14,084,605 |
Louisiana Hospital Association Research And Education Foundation Baton Rouge, LA | $1,786,775 | $3,893,643 |
Eqhealth Advisewell Inc New Orleans, LA | $15,657,658 | $948,426 |
Physicians Benevolent Fund Austin, TX | $6,043,155 | $497,827 |
Houston Business Coalition On Health Katy, TX | $218,032 | $421,634 |
Waterman Medical Foundatiion Dallas, TX | $2,379,537 | $240,106 |
Dcms Foundation Dallas, TX | $1,009,129 | $38,494 |
Sealy Medical Center Foundation Sealy, TX | $896,351 | $65,929 |
Mississippi State Medical Association Alliance Inc Ridgeland, MS | $170,067 | $0 |
Hill Country Memorial Medical Office Buildings Fredericksburg, TX | $0 | $0 |