Totals
- Total revenue
- $13,088,141
- Total expenses
- $71,833
- Contributions and grants received
- $12,954,273
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $133,868
- Other revenue
- $0
- Total assets, end of year
- $31,541,424
- Total liabilities, end of year
- $18,525,116
- Net assets or fund balances, end of year
- $13,016,308
- Program services expenses (Part IX)
- $23,650
- Management and general expenses
- $48,183
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $23,650
Program services were 32.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$12,954,273
-
1g · Noncash contributions included above
$11,124,629
-
3 · Investment income
total $133,868 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $26,000 · program services $0 · management and general $26,000 · fundraising $0
-
13 · Office expenses
total $5,095 · program services $0 · management and general $5,095 · fundraising $0
-
20 · Interest
total $23,650 · program services $23,650 · management and general $0 · fundraising $0
-
23 · Insurance
total $16,378 · program services $0 · management and general $16,378 · fundraising $0
-
24a · Other expenses: Miscellaneous
total $710 · program services $0 · management and general $710 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $18,722,867
-
10a · Land, buildings and equipment: cost or other basis
$12,818,557
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
end of year $12,818,557
-
17 · Accounts payable and accrued expenses
end of year $461,618
-
23 · Secured mortgages and notes payable
end of year $18,063,498
-
27 · Net assets without donor restrictions
end of year $13,016,308
Mission and programs · 2024
Mission
The Foundation is organized exclusively to be the philanthropic arm of CareSouth to support enhancing patient access, educational growth opportunities and economic and community development.
-
Began construction of the Lotus Village Project
Expenses $23,650 · Revenue $12,954,273
As filed on the 2024 return.
Listed in Part VII
-
Brian Keith Bernard
Board President
- Total calculated
- $0
- Hours/week
- 4
-
Dr Markey Pierre
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Dr Courtney Phillips
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Rene Ragas
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Charles Landry
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Matthew Valliere
Ex-Officio
- Total calculated
- $0
- Hours/week
- 4
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523189349312347
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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