Our Lady Of The Lake Foundation
- Assets
- $22.6m
- Revenue
- $9.4m
- Investments
- $11.8m
- Employees
- 19
- Location
- Baton Rouge, LA
- Founding
- 08/2018
- Data as of
- 06/2021
- EIN
- 72-1014324
Organization Overview
Our Lady Of The Lake Foundation is located in Baton Rouge, LA. The organization was established in 2018. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2021, Our Lady Of The Lake Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Our Lady Of The Lake 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 06/2021, Our Lady Of The Lake Foundation generated $9.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $6.8m during the year ending 06/2021. While expenses have increased by 1.0% 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 Foundation has awarded 17 individual grants totaling $107,744,120. 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
AS A SUPPORTING ORGANIZATION OF OUR LADY OF THE LAKE RMC, THE FOUNDATION (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ARE MADE TO OR ON BEHALF OF OUR LADY AT THE LAKE HOSPITAL, INC. TO PROMOTE THE WELFARE OF THE HOSPITAL AND INCREASE ITS USEFULNESS TO THE COMMUNITIES IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Marie Marmandefrenzel Vp, President Foundation | Officer | 50 | $299,538 |
Kelly Hurtado Sr. Director | 0.5 | $147,302 | |
Tom Adamek Board Member | Trustee | 0.5 | $0 |
Sr Helen Cahill Board Member | Trustee | 0.5 | $0 |
Marty Enquist Board Member | Trustee | 0.5 | $0 |
Katie Cheatham Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delauro Associates Consulting | 6/29/15 | $171,446 |
The Picard Group Consulting | 6/29/15 | $143,284 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $425,565 |
| Related organizations | $15,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,044,011 |
| Noncash contributions included in lines 1a–1f | $70,801 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,484,576 |
| Total Program Service Revenue | $2,250 |
| Investment income | $22,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,656 |
| Net Income from Gaming Activities | $848,983 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,390,002 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,592,700 |
| 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 | $1,383,517 |
| Pension plan accruals and contributions | $49,112 |
| Other employee benefits | $150,228 |
| Payroll taxes | $88,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $728 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,670 |
| Advertising and promotion | $122,805 |
| Office expenses | $125,083 |
| Information technology | $62,645 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,329 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,635 |
| Insurance | $44,359 |
| All other expenses | $0 |
| Total functional expenses | $6,789,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,309,036 |
| Savings and temporary cash investments | $5,186,733 |
| Pledges and grants receivable | $2,411,697 |
| Accounts receivable, net | $811,689 |
| 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 | $57,867 |
| Net Land, buildings, and equipment | $44,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,797,658 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,619,327 |
| Accounts payable and accrued expenses | $532,050 |
| 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 | -$308,674 |
| Total liabilities | $223,376 |
| Net assets without donor restrictions | $214,376 |
| Net assets with donor restrictions | $22,181,575 |
| 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 | $22,619,327 |
Grants Awarded
Over the last fiscal year, Our Lady Of The Lake Foundation has awarded $3,743,128 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $2,686,734 |
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $1,056,394 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Our Lady Of The Lake Foundation has recieved totaling $559,431.
| Awarding Organization | Amount |
|---|---|
Baton Rouge Area Foundation Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $212,525 |
Home Builders Foundation Of Greater Baton Rouge Baton Rouge, LA | | $75,000 |
Bella Bowman Foundation Inc Baton Rouge, LA | | $62,500 |
Fore Kids Foundation Inc Avondale, LA PURPOSE: GENERAL ASSISTANCE | $55,000 |
Showers Of Blessings Foundation Baton Rouge, LA PURPOSE: FAITH BASED CHILDRENS HOSPITAL AND CHILDREN MIRACLE NETWORK | $40,000 |
Driven Brands Charitable Foundation Charlotte, NC PURPOSE: CHARITABLE ASSISTANCE | $34,867 |
Endowment Analysis
| Beg. Balance | $9,867,339 |
| Earnings | $2,584,972 |
| Net Contributions | $442,919 |
| Other Expense | $66,707 |
| Grants | $1,030,865 |
| Ending Balance | $11,797,658 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Service Organization Of The Piney Woods Lubbock, TX | $125,455 | $15,876,016 |
Cyberspace Innovation Center Incoporated Bossier City, LA | $14,331,496 | $17,560,867 |
Jackson Medical Mall Foundation Jackson, MS | $71,929,966 | $14,671,190 |
Christus Spohn Health System Development Foundation Corpus Christi, TX | $25,881,076 | $6,931,905 |
Our Lady Of The Lake Foundation Baton Rouge, LA | $22,619,327 | $9,390,002 |
The Cullen Trust For Health Care Houston, TX | $131,381,553 | $3,442,546 |
Friends Of Santa Rosa Foundation San Antonio, TX | $13,088,401 | $2,118,333 |
Sky High For St Judes Inc Houston, TX | $1,119,864 | $4,279,523 |
All Saints Health Foundation Dallas, TX | $79,123,014 | $9,942,046 |
Baylor Oral Health Foundation Dallas, TX | $75,747,917 | $4,071,225 |
Service Organizations Of Southeast Texas Lubbock, TX | $594,479 | $3,447,563 |
Legacy Community Health Endowment Inc Houston, TX | $31,762,951 | $2,359,122 |