Lsu Health Sciences Foundation In Shreveport
- Assets
- $312.3m
- Revenue
- $53.9m
- Investments
- $180.2k
- Employees
- 13
- Location
- Shreveport, LA
- Founding
- 06/1998
- Data as of
- 06/2021
- EIN
- 72-1402222
Organization Overview
Lsu Health Sciences Foundation In Shreveport is located in Shreveport, LA. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Lsu Health Sciences Foundation In Shreveport employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lsu Health Sciences Foundation In Shreveport 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, Lsu Health Sciences Foundation In Shreveport generated $53.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $17.0m during the year ending 06/2021. While expenses have increased by 9.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOLE MISSION OF THE FOUNDATION IS TO INSPIRE DONORS TO INVEST IN LSU HEALTH SHREVEPORT AND TO PROPERLY STEWARD CONTRIBUTIONS TOWARD ITS SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE MISSION OF THE LSU HEALTH SCIENCES FOUNDATION IS TO SUPPORT, ENHANCE AND ASSIST THE LSU MEDICAL CENTER IN SHREVEPORT. THE FOUNDATION WILL ACCOMPLISH THIS MISSION BY:1) EXPANDING THE AWARENESS OF THE MEDICAL CENTER'S MANY CONTRIBUTIONS TO MEDICAL RESEARCH, EDUCATION OF MEDICAL PROFESSIONS AND QUALITY HEALTH CARE.2) DEVELOPING AND ENHANCING FINANCIAL SUPPORT FOR THE ENDEAVORS OF THE MEDICAL CENTER IN SHREVEPORT.3) PROVIDING THE MEANS THROUGH WHICH FINANCIAL SUPPORT IS RECEIVED AND ADMINISTERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Flood President & CEO | Officer | 40 | $160,441 |
Brigette Rose CFO | Officer | 40 | $143,420 |
Edward Crawford III Treasurer | OfficerTrustee | 2 | $0 |
Valarie Jamison Secretary/audit Chair | OfficerTrustee | 2 | $0 |
Armand Roos Chair | OfficerTrustee | 6 | $0 |
Katy Merriman Immediate Past Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bruce Solomon Consultant Llc Lsuhsc Consulting Service | 6/29/18 | $395,500 |
Ecg Management Consultants Llc Lsuhsc Consulting Service | 6/29/18 | $107,742 |
Victor Yick Lsuhsc Consulting Service | 6/29/18 | $528,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,418,244 |
| Investment income | $14,427,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,314,524 |
| Net Income from Fundraising Events | -$11,859 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,948,217 |
| Statement of Expenses | |
|---|---|
| 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. | $318,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $614,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,492 |
| Payroll taxes | $67,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,352 |
| Advertising and promotion | $5,232 |
| Office expenses | $19,822 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,719 |
| Travel | $2,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,881 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $45,083 |
| All other expenses | $0 |
| Total functional expenses | $16,986,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,092,033 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $29,934,532 |
| Accounts receivable, net | $189,814 |
| 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 | $23,263 |
| Investments—publicly traded securities | $273,489,112 |
| Investments—other securities | $180,227 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,436,501 |
| Total assets | $312,345,482 |
| Accounts payable and accrued expenses | $1,984,406 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $78,578,071 |
| 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 | $13,074,754 |
| Total liabilities | $93,637,231 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $218,708,251 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Lsu Health Sciences Foundation In Shreveport has recieved totaling $1,336,873.
| Awarding Organization | Amount |
|---|---|
Ochsner Clinic Foundation New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $1,000,000 |
Community Foundation Of North Louisiana Shreveport, LA PURPOSE: FOR THE BENEFIT OF THE MOLLIE E. WEBB SPEECH AND HEARING CENTER; FOR THE FEIST-WEILLER CANCER CENTER; FOR A STUDY ON MICROGREENS FOR MEDICAL HEALTH; GIVE FOR GOOD GRANT; FOR AN EVENING FOR HEALERS. | $100,516 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR GENERAL PURPOSES | $51,000 |
Chaparral Foundation Shreveport, LA PURPOSE: CHARITABLE | $45,000 |
Lwcc Foundation Baton Rouge, LA PURPOSE: TRAINING FOR COMMUNITY HEALTH WORKERS FOR THE EAT RIGHT AND MOVE PROGRAM | $36,525 |
Fred L Phillips Foundation Shreveport, LA PURPOSE: UNRESTRICTED GRANT TO 501(C)(3) ORGANIZATION | $25,000 |
Endowment Analysis
| Beg. Balance | $115,653,271 |
| Earnings | $35,108,328 |
| Admin Expense | $1,920,355 |
| Net Contributions | $1,729,310 |
| Other Expense | $3,780,212 |
| Ending Balance | $146,790,342 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |
Adopt A Platoon San Benito, TX | $2,311,218 | $7,326,430 |
Emerge Center Inc Baton Rouge, LA | $1,893,812 | $1,088,912 |