Lsu Health Foundation New Orleans
- Assets
- $192.2m
- Revenue
- $21.9m
- Investments
- $29.6m
- Employees
- 52
- Location
- New Orleans, LA
- Founding
- 08/1988
- Data as of
- 06/2022
- EIN
- 72-1115391
Organization Overview
Lsu Health Foundation New Orleans is located in New Orleans, LA. The organization was established in 1988. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Lsu Health Foundation New Orleans employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lsu Health Foundation New Orleans 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, Lsu Health Foundation New Orleans generated $21.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $15.5m during the year ending 06/2022. While expenses have increased by 3.2% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE DONORS TO INVEST IN THE LSU HEALTH SCIENCES CENTER - NEW ORLEANS AND ITS FUTURE.
Describe the Organization's Program Activity:
ENHANCING THE MISSION OF THE LOUISIANA STATE UNIVERSITY HEALTH SCIENCES CENTER IN NEW ORLEANS (LSUHSC-NO), WHICH WAS FOUNDED IN 1931, TO PROVIDE EDUCATION, RESEARCH, AND PUBLIC SERVICE THROUGH DIRECT PATIENT CARE AND COMMUNITY OUTREACH. LSUHSC-NO COMPRISES THE SCHOOLS OF ALLIED HEALTH PROFESSIONS, DENTISTRY, GRADUATE STUDIES, MEDICINE, NURSING, AND PUBLIC HEALTH, INCLUDING FOUR CENTERS OF EXCELLENCE AND THREE RESEARCH INSTITUTES. LSUHSC-NO EDUCATIONAL PROGRAMS PREPARE STUDENTS FOR CAREERS AS HEALTH CARE PROFESSIONALS AND SCIENTISTS. THE HEALTH SCIENCES CENTER DISSEMINATES AND ADVANCES KNOWLEDGE THROUGH STATE AND NATIONAL PROGRAMS OF BASIC AND CLINICAL RESEARCH, RESULTING IN PUBLICATIONS, TECHNOLOGY TRANSFER, AND RELATED ECONOMIC ENHANCEMENTS TO MEET THE CHANGING NEEDS OF THE STATE OF LOUISIANA AND THE NATION. LSUHSC-NO PROVIDES VITAL PUBLIC SERVICE THROUGH DIRECT PATIENT CARE, INCLUDING CARE OF INDIGENT AND UNINSURED PATIENTS. HEALTH CARE SERVICES ARE PROVIDED THROUGH LSUHSC-NO CLINICS IN ALLIED HEALTH, DENTISTRY, MEDICINE, NURSING, AND IN NUMEROUS AFFILIATED HOSPITALS AND CLINICS THROUGHOUT LOUISIANA. LSUHSC-NO PROVIDES REFERRAL SERVICES, CONTINUING EDUCATION, AND INFORMATION RELEVANT TO THE PUBLIC HEALTH OF THE CITIZENS OF LOUISIANA. IN ADDITION, LSUHSC-NO WORKS COOPERATIVELY WITH TWO AREA HEALTH EDUCATION CENTERS (AHECS), WHOSE PROGRAMS FOCUS ON IMPROVING THE NUMBER AND DISTRIBUTION OF HEALTH CARE PROVIDERS IN UNDERSERVED RURAL AND URBAN AREAS OF LOUISIANA AND ON SUPPORTING EXISTING RURAL HEALTH CARE PROVIDERS THROUGH CONTINUING EDUCATION PROGRAMS. LSUHSC-NO SERVES THE NEW ORLEANS COMMUNITY OF 376,971 CITIZENS LOCALLY AND 1,013,000 IN THE GREATER NEW ORLEANS REGION ALONG WITH SUPPORTING THE HEALTHCARE PROFESSION THROUGHOUT THE STATE OF LOUISIANA. LSUHSC-NO PROVIDES PATIENT CARE IN METROPOLITAN NEW ORLEANS, AS WELL AS BATON ROUGE AND LAFAYETTE WITH OVER 1,062,180 PATIENT VISITS ANNUALLY. CURRENTLY, ON AVERAGE 3,000 STUDENTS, 2,400 FACULTY AND STAFF, AND 1,000 RESIDENTS ARE SERVED BY THE FOUNDATION'S EFFORTS ACROSS ALL SCHOOLS IN SUPPORT OF THE LSUHSC-NO CAMPUS. IN A 2021-2022 ECONOMIC IMPACT STUDY, 4,320 DIRECT JOBS AND AN ADDITIONAL 4,798 JOBS ALONG WITH $1.6 BILLION IN ECONOMIC OUTPUT ARE EFFECTS OF THE LSUHSC-NO CAMPUS. IN SERVING THE LSUHSC-NO CAMPUS, THE FOUNDATION HAS ASSISTED IN PROVIDING VITAL CHAIRS, PROFESSORSHIPS, AWARDS AND SCHOLARSHIPS TO BOTH FACULTY, RESIDENTS, AND STUDENTS. THE FOUNDATION HOUSES APPROXIMATELY 1,500 RESTRICTED FUNDS MANAGED FOR THESE EFFORTS, INCLUDING THE SUPPORT OF 211 DIRECT SCHOLARSHIPS AND MORE THAN $33 MILLION IN RESEARCH FUNDING OVER THE PAST THREE YEARS AT LSUHSC-NO. IN ADDITION, THE FOUNDATION SERVES AS A MECHANISM FOR DONATIONS WITHOUT VALUE, INCLUDING ANATOMICAL GIFTS AND OTHER TYPES OF PROPERTY THAT ASSIST LSUHSC-NO IN PROVIDING EDUCATION TO ITS STUDENTS.
LSU HEALTH FITNESS EXPANDS THE PRESENCE OF LSU HEALTH SCIENCES CENTER-NEW ORLEANS IN THE LOCAL COMMUNITY BY PROVIDING COMMUNITY HEALTH, WELLNESS AND FITNESS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Angelico-Tatum DDS Board Member | Trustee | 2 | $0 |
Joseph H Authement Board Member (thru 10/2021) | Trustee | 2 | $0 |
Al Bienvenu Board Member | Trustee | 2 | $0 |
James Caillier Edd Board Member | Trustee | 2 | $0 |
Linda Cao DDS Board Member | Trustee | 2 | $0 |
Al Copeland Jr Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackbaud Inc Digital Services | 6/29/22 | $194,326 |
Crewcial Partners Llc Investment Management | 6/29/22 | $338,157 |
Design The Planet Llc Website Development And Maintenance | 6/29/22 | $108,585 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $191,033 |
| Related organizations | $0 |
| Government grants | $395,435 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,046,439 |
| Noncash contributions included in lines 1a–1f | $947,190 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,632,907 |
| Total Program Service Revenue | $2,699,686 |
| Investment income | $1,702,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $300,587 |
| Net Gain/Loss on Asset Sales | $3,470,132 |
| Net Income from Fundraising Events | -$58,327 |
| Net Income from Gaming Activities | $1,495 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,944,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,085,100 |
| Grants and other assistance to domestic individuals. | $637,501 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $752,274 |
| Compensation of current officers, directors, key employees. | $428,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $978,137 |
| Pension plan accruals and contributions | $53,311 |
| Other employee benefits | $141,453 |
| Payroll taxes | $124,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,367 |
| Fees for services: Accounting | $69,812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,715,082 |
| Fees for services: Other | $428,572 |
| Advertising and promotion | $1,726 |
| Office expenses | $426,651 |
| Information technology | $13,320 |
| Royalties | $0 |
| Occupancy | $236,082 |
| Travel | $187,811 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,376 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,240 |
| Insurance | $0 |
| All other expenses | $4,181 |
| Total functional expenses | $15,497,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,988,200 |
| Savings and temporary cash investments | $4,231,772 |
| Pledges and grants receivable | $3,887,213 |
| Accounts receivable, net | $746,865 |
| 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 | $205,132 |
| Net Land, buildings, and equipment | $23,518,124 |
| Investments—publicly traded securities | $127,847,810 |
| Investments—other securities | $29,587,325 |
| Investments—program-related | $0 |
| Intangible assets | $52,378 |
| Other assets | $89,225 |
| Total assets | $192,154,044 |
| Accounts payable and accrued expenses | $1,308,503 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $32,937,028 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,517,384 |
| Unsecured mortgages and notes payable | $1,642,322 |
| Other liabilities | $216,230 |
| Total liabilities | $40,621,467 |
| Net assets without donor restrictions | $20,020,199 |
| Net assets with donor restrictions | $131,512,378 |
| 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 | $192,154,044 |