Our Lady Of The Lake Foundation
- Assets
- $28.5m
- Revenue
- $8.5m
- Investments
- $9.8m
- Employees
- 20
- Location
- Baton Rouge, LA
- Founding
- 08/2018
- Data as of
- 06/2022
- 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 06/2022, Our Lady Of The Lake Foundation employed 20 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 06/2022, Our Lady Of The Lake Foundation generated $8.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.3%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (55.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Our Lady Of The Lake Foundation has awarded 18 individual grants totaling $59,734,054. 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
2022
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
DONATIONS 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 |
|---|---|---|---|
Sr Helen Cahill Board Member | Trustee | 0.5 | $0 |
Katie Cheatham Board Member | Trustee | 0.5 | $0 |
Jeff Deyo Board Member | Trustee | 0.5 | $0 |
Marty Enquist Board Member | Trustee | 0.5 | $0 |
Norisha Glover Board Member | Trustee | 0.5 | $0 |
David Guerry Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Picard Group Consulting | 6/29/15 | $143,284 |
Delauro Associates Consulting | 6/29/15 | $171,446 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $892,010 |
| Related organizations | $3,117,557 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,673,894 |
| Noncash contributions included in lines 1a–1f | $379,792 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,683,461 |
| Total Program Service Revenue | $0 |
| Investment income | $14,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,194 |
| Net Income from Gaming Activities | $824,264 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,532,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,653,133 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $14,936 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $343,725 |
| Compensation of current officers, directors, key employees. | $343,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,110,827 |
| Pension plan accruals and contributions | $118,932 |
| Other employee benefits | $116,045 |
| Payroll taxes | $94,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $51,106 |
| Office expenses | $207,981 |
| Information technology | $36,860 |
| Royalties | $0 |
| Occupancy | $432 |
| Travel | $9,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,738 |
| Interest | $100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,296 |
| Insurance | $35,899 |
| All other expenses | $0 |
| Total functional expenses | $4,822,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,472,404 |
| Savings and temporary cash investments | $5,198,607 |
| Pledges and grants receivable | $1,341,590 |
| Accounts receivable, net | $1,234,784 |
| 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 | $32,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,820,505 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334,101 |
| Total assets | $28,492,210 |
| Accounts payable and accrued expenses | $109,604 |
| 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 | $1,656,238 |
| Total liabilities | $1,765,842 |
| Net assets without donor restrictions | $1,469,714 |
| Net assets with donor restrictions | $25,256,654 |
| 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 | $28,492,210 |
Grants Awarded
Over the last fiscal year, Our Lady Of The Lake Foundation has awarded $2,565,033 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BATON ROUGE AREA FOUNDATION PURPOSE: GENERAL SUPPORT | $33,000 |
OUR LADY OF THE LAKE HOSPITAL PURPOSE: GENERAL SUPPORT | $1,442,738 |
CHILDREN'S MIRACLE NETWORK PURPOSE: GENERAL SUPPORT | $11,295 |
FRANCISCAN MISSIONARIES OF OUR LADY UNIVERSITY PURPOSE: GENERAL SUPPORT | $1,078,000 |