Louisiana Childrens Medical Center is located in New Orleans, LA. The organization was established in 2009. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Louisiana Childrens Medical Center employed 2,865 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Childrens Medical Center 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, Louisiana Childrens Medical Center generated $460.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $450.7m during the year ending 12/2021. While expenses have increased by 28.9% per year over the past 6 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 2015, Louisiana Childrens Medical Center has awarded 19 individual grants totaling $26,379,375. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH, CARE, AND EDUCATION BEYOND EXTRAORDINARY. THE PRIMARY PURPOSE OF (CONT'D ON SCHEDULE O) LCMC IS TO CREATE, MAINTAIN, AND GROW HEALTH CARE SERVICES CONSISTENT WITH ITS OPERATION OF WEST JEFFERSON MEDICAL CENTER AND THE CHARITABLE MISSION OF THE LCMC AFFILIATES. LCMC PROVIDES SUPPORT AND MANAGEMENT SERVICES TO THE SYSTEM ENTITIES SO THAT THE ENTITIES IN TURN CAN FOCUS THEIR EFFORTS ON CARRYING OUT THEIR EXEMPT PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOUISIANA CHILDREN'S MEDICAL CENTER (LCMC) IS A LOUISIANA NON-STOCK NOT-FOR-PROFIT CORPORATION THAT WAS INCORPORATED IN 2009, WITH ITS FOUNDING MEMBER BEING CHILDREN'S HOSPITAL (CHILDREN'S). THROUGH A HEALTH CARE SYSTEM AGREEMENT (SYSTEM AGREEMENT) BETWEEN LCMC, CHILDREN'S, TOURO INFIRMARY AND ITS SUBSIDIARIES (TOURO), LCMC HEALTH HOLDINGS (EJGH)AND COOPERATIVE ENDEAVOR AGREEMENTS (CEAS) WITH UNIVERSITY MEDICAL CENTER MANAGEMENT CORPORATION (UMCMC) AND WEST JEFFERSON HOLDINGS, LLC (WEST JEFFERSON), THESE PARTIES HAVE DETERMINED THAT TOGETHER THEY CAN PROVIDE A MULTI-HOSPITAL, NOT-FOR-PROFIT COMMUNITY-BASED, SYSTEM THAT WILL PROVIDE A CONTINUUM OF CARE TO THE FAMILIES OF THE GULF SOUTH REGION. LCMC, CHILDREN'S, TOURO, UMCMC, EJGH AND WEST JEFFERSON ARE HEREINAFTER (CONTINUED ON SCHEDULE O) COLLECTIVELY REFERRED TO AS THE SYSTEM. LCMC FUNCTIONS AS THE SYSTEM PARENT WITH RESERVE POWERS TO BE EXERCISED TO PROMOTE THE BEST INTERESTS OF THE SYSTEM AND ITS AFFILIATES. ALL CORPORATE POWERS OF THE SYSTEM ARE VESTED IN THE BOARD OF TRUSTEES OF LCMC. CHILDREN'S PROVIDES COMPREHENSIVE PEDIATRIC HEALTHCARE THAT MEETS THE SPECIAL NEEDS OF CHILDREN THROUGH EXCELLENCE AND CONTINUOUS IMPROVEMENT OF PATIENT CARE, EDUCATION, AND RESEARCH. TOURO, FORMED IN 1852, SERVES THE GREATER NEW ORLEANS COMMUNITY AS A PREMIER, DIVERSE, MULTI-SPECIALTY HOSPITAL, CARING FOR THE SICK REGARDLESS OF RACE, COLOR, CREED, RELIGIOUS AFFILIATION, OR ABILITY TO PAY. UMCMC OPERATES UNIVERSITY MEDICAL CENTER IN NEW ORLEANS (UMC). UMCMC IS A PROVIDER OF CHARITY CARE FOR THE UNINSURED AND PLAYS A VITAL ROLE AS A STATEWIDE REFERRAL CENTER FOR PATIENTS IN NEED OF TERTIARY CARE. UMCMC ALSO PROVIDES MEDICAL AND ALLIED HEALTH TRAINING THROUGH ITS AFFILIATION WITH ACADEMIC INSTITUTIONS TO STRENGTHEN AND ENHANCE OPPORTUNITIES TO ACHIEVE THE STATE'S MEDICAL EDUCATION, CLINICAL CARE, AND RESEARCH GOALS.IN TAX YEAR 2022, LCMC AND ITS AFFILIATES PROVIDED TOTAL COMMUNITY BENEFIT EXPENSE OF $1,064 MILLION. THIS AMOUNT REPRESENTED 45% OF THE AFFILIATES COMBINED TOTAL EXPENSE. LCMC AND ITS AFFILIATES PROVIDES SERVICES TO MANY LOW-INCOME RESIDENTS OF THE GREATER NEW ORLEANS AREA. IN 2022, $762 MILLION IN EXPENSE (33% OF THE AFFILIATES COMBINED TOTAL EXPENSE) WAS INCURRED IN PROVIDING SERVICES FOR MEDICAID RECIPIENTS AND IN PROVIDING FINANCIAL ASSISTANCE. TOURO, CHILDREN'S, AND OTHER HEALTH CARE PROVIDERS IN LOUISIANA HAVE COLLABORATED WITH THE STATE AND UNITS OF LOCAL GOVERNMENT IN LOUISIANA, TO MORE FULLY FUND THE MEDICAID PROGRAM AND ENSURE THE AVAILABILITY OF QUALITY HEALTHCARE SERVICES FOR THE LOW INCOME AND NEEDY RESIDENTS IN THE COMMUNITY POPULATION. THE PROVISION FOR THIS CHARITY CARE DIRECTLY TO LOW INCOME AND NEEDY PATIENTS WILL RESULT IN THE ALLEVIATION OF THE EXPENSE OF PUBLIC FUNDS THE GOVERNMENTAL ENTITIES PREVIOUSLY EXPENDED ON SUCH CARE, THEREBY ALLOWING THE GOVERNMENTAL ENTITIES TO INCREASE SUPPORT FOR THE STATE MEDICAID PROGRAM UP TO THE FEDERAL MEDICAID UPPER PAYMENT LIMITS (UPL). EACH STATE'S METHODOLOGY MUST COMPLY WITH ITS STATE PLAN AND BE APPROVED BY THE CENTERS FOR MEDICARE & MEDICAID SERVICES (CMS). FEDERAL MATCHING FUNDS ARE NOT AVAILABLE FOR MEDICAID PAYMENTS THAT EXCEED UPLS. IN TAX YEAR 2022, THE SYSTEM RECEIVED UPL PAYMENTS OF APPROXIMATELY $337.9 MILLION, WHICH ARE INCLUDED IN DIRECT OFFSETTING REVENUE ON PART I, LINE 7B IN SCHEDULE H OF THE RESPECTIVE HOSPITAL'S 990S.
THE HOSPITAL PROVIDES INPATIENT, OUTPATIENT, EMERGENCY AND CRITICAL CARE, HOME HEALTH, AND REHABILITATION SERVICES. THE HOSPITAL HAS A TOTAL OF 357 LICENSED PATIENT BEDS. THE HOSPITAL TREATED 12,093 INPATIENTS AND HAD 57,555 OUTPATIENT VISITS DURING 2022. THERE WERE 8,531 SURGERIES (INPATIENT, OUTPATIENT, AND AMBULATORY SURGERY CENTER), 51,440 EMERGENCY DEPARTMENT VISITS AND 1,405 BABIES DELIVERED.
COMMUNITY HEALTH SERVICES AND COMMUNITY BENEFIT OPERATIONS PROVIDE FREE HEALTH EDUCATION PROGRAMS AND SCREENINGS TO THE COMMUNITY. THESE PROGRAMS ARE DESIGNED TO FOCUS ON SOME OF THE MOST PREVALENT DISEASES WITHIN THE COMMUNITY, SUCH AS DIABETES, HEART DISEASE AND CANCER. THESE PROGRAMS ADDRESS PREVENTION, EARLY DETECTION, TREATMENT AND MAINTAINING HEALTHY LIFESTYLES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gregory C Feirn President & CEO | OfficerTrustee | 46 | $2,439,917 |
John Heaton MD President Of Clin. And Sys | OfficerTrustee | 55 | $996,323 |
Suzzane Haggard Chief Revenue Officer | Officer | 55 | $737,638 |
Joann Kunkel Chief Financial Officer | Officer | 50 | $922,683 |
Gregory Nielsen Chief Operating Officer | Officer | 55 | $742,070 |
Jody Martin SVP Chief Legal Officer | Officer | 55 | $580,209 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Deloitte Consulting Llc Consulting | 12/30/22 | $23,695,641 |
Morris & Dickson Co Pharmaceutical | 12/30/22 | $14,864,347 |
Epic Systems Corporation Software | 12/30/22 | $13,705,887 |
The Lemoine Company Construction | 12/30/22 | $33,714,341 |
Aya Healthcare Contract Labor | 12/30/22 | $12,213,128 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $4,554,331 |
Government grants | $10,917,027 |
All other contributions, gifts, grants, and similar amounts not included above | $364,656 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $15,836,014 |
Total Program Service Revenue | $416,076,035 |
Investment income | $174,311 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $7,821,092 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $460,794,221 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,475,000 |
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. | $12,496,650 |
Compensation of current officers, directors, key employees. | $12,496,650 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $131,800,788 |
Pension plan accruals and contributions | $4,279,769 |
Other employee benefits | $9,370,588 |
Payroll taxes | $9,766,393 |
Fees for services: Management | $22,749,173 |
Fees for services: Legal | $1,791,918 |
Fees for services: Accounting | -$51,994 |
Fees for services: Lobbying | $450,491 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $79,077,875 |
Advertising and promotion | $1,499,801 |
Office expenses | $11,890,363 |
Information technology | $26,534,798 |
Royalties | $0 |
Occupancy | $8,341,574 |
Travel | $109,774 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $105,417 |
Interest | $6,808,286 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $31,814,735 |
Insurance | $3,783,146 |
All other expenses | $1,600,245 |
Total functional expenses | $450,699,908 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $43,599,626 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $66,563,444 |
Loans from Officers, Directors, or Controlling Persons | $2,643,818 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $412,884,160 |
Inventories for sale or use | $10,447,246 |
Prepaid expenses and deferred charges | $180,609,392 |
Net Land, buildings, and equipment | $240,183,383 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $1,933,529,495 |
Intangible assets | $0 |
Other assets | $49,832,153 |
Total assets | $2,940,292,717 |
Accounts payable and accrued expenses | $74,977,778 |
Grants payable | $0 |
Deferred revenue | $33,910,257 |
Tax-exempt bond liabilities | $522,251,116 |
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 | $335,665,566 |
Total liabilities | $966,804,717 |
Net assets without donor restrictions | $1,973,400,997 |
Net assets with donor restrictions | $87,003 |
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 | $2,940,292,717 |
Over the last fiscal year, Louisiana Childrens Medical Center has awarded $16,093,920 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
CHILDREN'S HOSPITAL PURPOSE: COKE SALES COMMISSIONS GO DIRECTLY TO THE LA REHAB WORK(BLIND PROGRAM). | $87,500 |
TOURO INFIRMARY PURPOSE: COKE SALES COMMISSIONS GO DIRECTLY TO THE LA REHAB WORK (BLIND PROGRAM). | $87,500 |
LSU FOUNDATION PURPOSE: DURING THE YEAR ENDED DECEMBER 31, 2022, LCMC DONATED A TOTAL OF $15,918,920 TO LSU FOUNDATION. THIS SUPPORT INCLUDES $5,000,000 TO THE CANCER RESEARCH ENDOWMENT, $10,000,000 TO THE SCIENCE BUILDING AND $918,920 FOR NURSING SUPPORT EDUCATION. | $15,918,920 |