Lsu Health Sciences Foundation In Shreveport

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 06/2022, Lsu Health Sciences Foundation In Shreveport employed 14 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 06/2022, Lsu Health Sciences Foundation In Shreveport generated $11.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $21.8m during the year ending 06/2022. While expenses have increased by 13.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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)Compensation
David Abdehou
Director
$0
Lee Abraham III
Director
$0
Shane Bridges
Director/property Chair
$0
Bill Comegys
Director/investment Chair
$0
Michael Busada
Director
$0
Mark Garrett
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Victor Yick
Lsuhsc Consulting Service
$528,000
Bruce Solomon Consultant Llc
Lsuhsc Consulting Service
$395,500
Ecg Management Consultants Llc
Lsuhsc Consulting Service
$107,742
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$532,903
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,483,673
Noncash contributions included in lines 1a–1f $203,678
Total Revenue from Contributions, Gifts, Grants & Similar$8,016,576
Total Program Service Revenue$0
Investment income $3,240
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,047,913
Net Income from Fundraising Events -$212,858
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,743,339

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