Franciscan Missionaries Of Our Lady Health System Inc
- Assets
- $2.9b
- Revenue
- $303.8m
- Investments
- $969.7m
- Employees
- 1,454
- Location
- Baton Rouge, LA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 72-1028323
Organization Overview
Franciscan Missionaries Of Our Lady Health System Inc is located in Baton Rouge, LA. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Franciscan Missionaries Of Our Lady Health System Inc employed 1,454 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Franciscan Missionaries Of Our Lady Health System Inc 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, Franciscan Missionaries Of Our Lady Health System Inc generated $303.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $326.3m during the year ending 06/2021. While expenses have increased by 8.5% 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 2016, Franciscan Missionaries Of Our Lady Health System Inc has awarded 14 individual grants totaling $378,855. 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
MANAGES AN INTEGRATED HEALTH SYSTEM TO MAKE A DIFFERENCE IN OUR COMMUNITIES (SEE SCH O)
Describe the Organization's Program Activity:
SEE SCHEDULE O
GRANTS ARE MADE TO CHARITABLE ORGANIZATIONS IN ORDER TO SUPPORT THE CHARITABLE MISSION OF FRANCISCAN MISSIONARIES OF OUR LADY HEALTH SYSTEM, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard R Vath President/ceo | OfficerTrustee | 50 | $1,777,477 |
Kenneth Wester President/ceo Of Olol | Officer | 50 | $1,046,740 |
Michael Mcbride Former President/ceo | 0 | $1,002,843 | |
Jeffrey D Limbocker Cfo/evp | Officer | 50 | $971,153 |
John Finan Executive Emiratus | 40 | $734,617 | |
Jolee Bollinger Evp/general Counsel | Officer | 50 | $725,521 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epic Systems Corporation Software Svcs | 6/29/21 | $13,688,555 |
The Bank Of New York Mellon Banking Svcs | 6/29/21 | $20,235,653 |
Beecher Carlson Insurance Svcs | 6/29/21 | $10,422,517 |
Regions Bank Is Data Project Svcs | 6/29/21 | $9,228,477 |
Microsoft Corporation Software Svcs | 6/29/21 | $9,153,617 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,302,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,302,437 |
| Total Program Service Revenue | $302,101,612 |
| Investment income | $16,031,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$31,446 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$32,570,049 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $303,834,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $209,984 |
| 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. | $11,864,581 |
| Compensation of current officers, directors, key employees. | $9,783,371 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,379,122 |
| Pension plan accruals and contributions | $4,587,635 |
| Other employee benefits | $13,260,956 |
| Payroll taxes | $6,506,681 |
| Fees for services: Management | $821,999 |
| Fees for services: Legal | $1,995,812 |
| Fees for services: Accounting | $2,040,973 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,755,769 |
| Advertising and promotion | $7,239,082 |
| Office expenses | $68,175,398 |
| Information technology | $2,832,713 |
| Royalties | $0 |
| Occupancy | $6,013,591 |
| Travel | $345,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $618,054 |
| Interest | $964,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,056,717 |
| Insurance | $4,946,266 |
| All other expenses | $10,647,215 |
| Total functional expenses | $326,262,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $802,552,366 |
| Savings and temporary cash investments | $113,467,383 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,741,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,083 |
| Inventories for sale or use | $17,788,321 |
| Prepaid expenses and deferred charges | $19,210,173 |
| Net Land, buildings, and equipment | $114,511,584 |
| Investments—publicly traded securities | $427,988,404 |
| Investments—other securities | $969,715,548 |
| Investments—program-related | $397,306,584 |
| Intangible assets | $1,642,738 |
| Other assets | $24,075,931 |
| Total assets | $2,901,002,958 |
| Accounts payable and accrued expenses | $132,444,047 |
| Grants payable | $0 |
| Deferred revenue | $2,956,338 |
| Tax-exempt bond liabilities | $17,322,163 |
| 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 | $2,262,695,317 |
| Total liabilities | $2,415,417,865 |
| Net assets without donor restrictions | $485,585,093 |
| 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 | $2,901,002,958 |
Grants Awarded
Over the last fiscal year, Franciscan Missionaries Of Our Lady Health System Inc has awarded $90,450 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: GENERAL SUPPORT | $30,000 |
Baton Rouge, LA PURPOSE: CHILDRENS HEALTH TIPS & DOCUMENTARY | $25,000 |
Lafayette, LA PURPOSE: SOCCER JERSEY SPONSORSHIP | $15,000 |
Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $10,450 |
SOUTHERN UNIVERSITY SYSTEM PURPOSE: ALTHLETICS TOTAL SPONSORSHIP | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Franciscan Missionaries Of Our Lady Health System Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Vizient Foundation Inc Irving, TX PURPOSE: LOUISIANA HURRICANE IDA AUGUST 2021 DISASTER RELIEF FINANCIAL ASSISTANT IS PROVIDED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christus Health Irving, TX | $2,730,342,875 | $1,012,200,002 |
Christus Spohn Health System Corporation Corpus Christi, TX | $773,059,009 | $811,978,988 |
Texas Health Resources Arlington, TX | $9,455,761,477 | $1,385,584,603 |
Texas Health Presbyterian Hospital Dallas Dallas, TX | $387,904,806 | $734,427,903 |
Christus Health Ark-La-Tex Texarkana, TX | $179,097,861 | $355,246,256 |
Franciscan Missionaries Of Our Lady Health System Inc Baton Rouge, LA | $2,901,002,958 | $303,834,510 |
Etx Successor System Tyler, TX | $6,821,008 | $298,468,898 |
Cook Childrens Health Care System Fort Worth, TX | $553,188,226 | $282,162,573 |
U T Physicians Houston, TX | $171,459,158 | $179,232,757 |
Baylor Health Care System Dallas, TX | $1,894,322,378 | $92,084,572 |
Baylor Scott & White Holdings Dallas, TX | $8,549,551,652 | $86,376,045 |
Washington Reginal Medical System Fayetteville, AR | $34,846,976 | $85,295,447 |