Franciscan Missionaries Of Our Lady Health System Inc
- Assets
- $2.4b
- Revenue
- $290.9m
- Investments
- $1.1b
- Employees
- 1,598
- Location
- Baton Rouge, LA
- Founding
- 03/1946
- Data as of
- 06/2022
- 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 06/2022, Franciscan Missionaries Of Our Lady Health System Inc employed 1,598 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 06/2022, Franciscan Missionaries Of Our Lady Health System Inc generated $290.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $341.4m during the year ending 06/2022. While expenses have increased by 7.9% 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 2016, Franciscan Missionaries Of Our Lady Health System Inc has awarded 21 individual grants totaling $660,904. 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
2022
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 ORGANIZATION 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 |
|---|---|---|---|
Sr Barbara Arceneaux Board Member | Trustee | 1 | $0 |
Gerald Boudreaux Board Member | Trustee | 1 | $0 |
William Brown Board Member | Trustee | 1 | $0 |
Jo Ann Escasa-Haigh Board Member | Trustee | 1 | $0 |
Sr Rebecca Ann Gemma Board Member | Trustee | 1 | $0 |
Susan Hoffman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte Consulting Llp Consulting Services | 6/29/22 | $13,806,339 |
Epic Systems Corporation Software Services | 6/29/22 | $13,539,813 |
Microsoft Corporation Software Services | 6/29/22 | $9,024,613 |
Nordic Consulting Partners Inc Consulting Services | 6/29/22 | $8,222,620 |
Regions Bank Bank Services | 6/29/22 | $8,851,477 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $326,884,009 |
| Investment income | $3,867,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,097 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$39,911,115 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,871,746 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $286,172 |
| 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. | $9,240,330 |
| Compensation of current officers, directors, key employees. | $8,032,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,746,246 |
| Pension plan accruals and contributions | $6,198,815 |
| Other employee benefits | $19,025,934 |
| Payroll taxes | $6,986,355 |
| Fees for services: Management | $713,528 |
| Fees for services: Legal | $640,437 |
| Fees for services: Accounting | $2,338,921 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,532,613 |
| Advertising and promotion | $7,686,634 |
| Office expenses | $73,020,461 |
| Information technology | $4,371,670 |
| Royalties | $0 |
| Occupancy | $7,166,011 |
| Travel | $1,151,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $394,029 |
| Interest | $17,664,969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,147,458 |
| Insurance | $5,487,110 |
| All other expenses | $3,575,346 |
| Total functional expenses | $341,374,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,735,306 |
| Savings and temporary cash investments | $81,750,685 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,548,374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,898,498 |
| Prepaid expenses and deferred charges | $14,240,667 |
| Net Land, buildings, and equipment | $54,792,094 |
| Investments—publicly traded securities | $440,769,535 |
| Investments—other securities | $1,071,410,016 |
| Investments—program-related | $397,306,584 |
| Intangible assets | $65,150,201 |
| Other assets | $8,858,615 |
| Total assets | $2,437,460,575 |
| Accounts payable and accrued expenses | $200,521,627 |
| Grants payable | $0 |
| Deferred revenue | $667,368 |
| Tax-exempt bond liabilities | $17,073,539 |
| 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 | $1,748,701,880 |
| Total liabilities | $1,966,964,414 |
| Net assets without donor restrictions | $470,496,161 |
| 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 | $2,437,460,575 |
Grants Awarded
Over the last fiscal year, Franciscan Missionaries Of Our Lady Health System Inc has awarded $152,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TAKING AIM AT CANCER IN LOUISIANA INC PURPOSE: GENERAL SUPPORT | $30,000 |
LOUISIANA PUBLIC BROADCASTING PURPOSE: CHILDRENS HEALTH TIPS & DOCUMENTARY | $25,000 |
SOUTHERN UNIVERSITY SYSTEM PURPOSE: ATHLETICS TOTAL SPONSORSHIP | $82,500 |
SOUTH SIDE YOUTH SOCCER PURPOSE: SOCCER JERSEY SPONSORSHIP | $15,000 |