Blue Cross And Blue Shield Of Louisiana Foundation
- Assets
- $38.8m
- Revenue
- $3.8m
- Investments
- $38.0m
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 72-1232379
Organization Overview
Blue Cross And Blue Shield Of Louisiana Foundation is located in Baton Rouge, LA. The organization was established in 1993. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is the central organization for a national or regional group of organizations. Blue Cross And Blue Shield Of Louisiana 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 12/2021, Blue Cross And Blue Shield Of Louisiana Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.0% each year . All expenses for the organization totaled $9.1m during the year ending 12/2021. While expenses have increased by 47.9% per year over the past 4 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 2020, Blue Cross And Blue Shield Of Louisiana Foundation has awarded 401 individual grants totaling $24,234,513. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louisiana Health Service Indemnity Na | 1 | $149,229 | |
Jerome Jerry Greig Vice President | 1 | $0 | |
C Richard Atkins Vice President | 1 | $0 | |
Kevin Mccotter Secretary & Treasurer | 1 | $0 | |
Dan Borne Chairman | 1 | $0 | |
Vindell Washington MD Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $140,023 |
| Interest on Savings | $61 |
| Dividends & Interest | $1,277,992 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,335,980 |
| Capital Gain Net Income | $2,216,188 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $51 |
| Total Revenue | $3,754,107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $149,229 |
| Other employee salaries and wages | $312,106 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,720 |
| Printing and publications | $0 |
| Other expenses | $117,618 |
| Total operating and administrative expenses | $822,697 |
| Contributions, gifts, grants paid | $8,268,245 |
| Total expenses and disbursements | $9,090,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $831,235 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,500 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,380 |
| Total assets | $38,803,366 |
| Accounts payable and accrued expenses | $547,793 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $31,291 |
| Total liabilities | $579,084 |
Grants Awarded
Over the last fiscal year, Blue Cross And Blue Shield Of Louisiana Foundation has awarded $9,965,823 in support to 165 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF LOUISIANA - MAIN PURPOSE: RED CROSS - HURRICANE IDA RESPONSE AND RECOVERY | $250,000 |
CITY OF THIBODAUX PURPOSE: MENARD PED BIKE TRAIL | $250,000 |
CATHOLIC CHARITIES OF THE DIOCESE OF BATON ROUGE PURPOSE: HURRICANE IDA RESPONSE | $250,000 |
Houma, LA PURPOSE: HURRICANE IDA RECOVERY FUND | $250,000 |
ST JOHN UNITED WAY PURPOSE: ST. JOHN THE BAPTIST PARISH HURRICANE IDA RELIEF | $250,000 |
New Orleans, LA PURPOSE: SBP - HURRICANE IDA RESPONSE AND RECOVERY | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blue Cross And Blue Shield Of Louisiana Foundation Baton Rouge, LA | $38,803,366 | $3,754,107 |
Keller Williams Realty Cares Austin, TX | $19,707,329 | $6,197,000 |
Austin Disaster Relief Network Austin, TX | $6,149,250 | $10,124,383 |
Renaissance Community Loan Fund Inc Gulfport, MS | $50,426,367 | $5,045,088 |
Disaster Services Corporation - Society Of St Vincent De Paul Usa Irving, TX | $1,679,476 | $4,397,385 |
Texas Pharmacy Association Austin, TX | $4,115,676 | $2,489,721 |
Center For Planning Excellence Inc Baton Rouge, LA | $2,415,217 | $2,315,226 |
Resilience Force New Orleans, LA | $1,824,285 | $3,073,009 |
Pro Bono Publico Foundation New Orleans, LA | $1,527,473 | $1,031,485 |
Plaquemines Community Care Centers Foundation Inc Belle Chasse, LA | $2,311,370 | $1,731,161 |
Houston Responds Houston, TX | $442,422 | $1,237,331 |
C Spire Wireless Foundation Ridgeland, MS | $417,223 | $2,500 |