Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $90,938

• 1f · All other contributions, gifts and grants

  $1,665,101

• 2a · Program service revenue: PATIENT SERVICE REVENU

  total $1,006,455,960 · related or exempt $986,415,977 · excluded $20,039,983

• 2b · Program service revenue: PROGRAM RELATED INVEST

  total $976,562 · related or exempt $314,031 · unrelated business $662,531

• 2c · Program service revenue: EDUCATION

  total $774,000 · related or exempt $774,000

• 3 · Investment income

  total $6,931,587 · excluded $6,931,587

• 6a · Gross rents

  real property $1,983,169

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,983,169

• 6d · Net rental income or loss

  total $1,983,169 · excluded $1,983,169

• 7a · Gross sales of assets other than inventory

  securities $45,942,121 · other assets $414,284

• 7b · Less cost or other basis and sales expenses

  securities $45,326,934 · other assets $103,132

• 7c · Gain or loss

  securities $615,187 · other assets $311,152

• 7d · Net gain or loss

  total $926,339 · excluded $926,339

• 10a · Gross sales of inventory

  $12,621,194

• 10b · Cost of goods sold

  $11,408,126

• 10c · Net income from sales of inventory

  total $1,213,068 · excluded $1,213,068

• 11a · Other revenue: ADMINISTRATIVE SUPPORT

  total $23,860,352 · related or exempt $21,562,249 · excluded $2,298,103

• 11b · Other revenue: LABORATORY SERVICES

  total $1,499,734 · unrelated business $1,499,734

• 11e · Other revenue, total

  $25,360,086

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,000,000 · program services $2,000,000

• 7 · Other salaries and wages

  total $290,227,309 · program services $236,307,911 · management and general $53,919,398

• 8 · Pension plan contributions

  total $10,765,071 · program services $8,603,167 · management and general $2,161,904

• 9 · Other employee benefits

  total $26,956,301 · program services $21,740,871 · management and general $5,215,430

• 10 · Payroll taxes

  total $21,110,591 · program services $17,484,438 · management and general $3,626,153

• 11a · Fees: management

  total $30,030,453 · management and general $30,030,453

• 11b · Fees: legal

  total $1,533,888 · program services $15,719 · management and general $1,518,169

• 11c · Fees: accounting

  total $371,010 · management and general $371,010

• 11f · Fees: investment management

  total $476,228 · management and general $476,228

• 11g · Fees: other

  total $196,126,072 · program services $57,495,994 · management and general $138,630,078

• 12 · Advertising and promotion

  total $1,494,342 · program services $272,058 · management and general $1,222,284

• 13 · Office expenses

  total $14,161,978 · program services $5,628,275 · management and general $8,533,703

• 14 · Information technology

  total $12,217,795 · program services $811,246 · management and general $11,406,549

• 16 · Occupancy

  total $84,838,823 · program services $12,268,754 · management and general $72,570,069

• 17 · Travel

  total $417,318 · program services $106,366 · management and general $310,952

• 19 · Conferences, conventions and meetings

  total $355,500 · program services $104,871 · management and general $250,629

• 20 · Interest

  total $8,359,822 · management and general $8,359,822

• 22 · Depreciation, depletion and amortization

  total $29,614,748 · program services $10,669,400 · management and general $18,945,348

• 23 · Insurance

  total $3,869,356 · management and general $3,869,356

• 24a · Other expenses: MEDICAL SUPPLIES

  total $237,783,462 · program services $237,783,462

• 24b · Other expenses: LICENSES AND TAXES

  total $32,445,807 · program services $32,445,807

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $15,813,744 · program services $11,198,895 · management and general $4,614,849

• 24d · Other expenses: EDUCATION

  total $7,350,950 · management and general $7,350,950

• 24e · All other expenses

  total $2,062,620 · program services $1,393,424 · management and general $669,196

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,523,987 · end of year $25,449,716

• 2 · Savings and temporary cash investments

  beginning of year $153,696,325 · end of year $227,236,701

• 4 · Accounts receivable

  beginning of year $117,528,194 · end of year $145,868,041

• 8 · Inventories for sale or use

  beginning of year $18,576,928 · end of year $18,165,772

• 9 · Prepaid expenses and deferred charges

  beginning of year $9,009,176 · end of year $10,789,122

• 10a · Land, buildings and equipment: cost or other basis

  $263,849,705

• 10b · Land, buildings and equipment: accumulated depreciation

  $124,111,919

• 10c · Land, buildings and equipment, net

  beginning of year $152,872,051 · end of year $139,737,786

• 11 · Investments: publicly traded securities

  beginning of year $98,016,715 · end of year $126,069,828

• 12 · Investments: other securities

  beginning of year $57,081,977 · end of year $47,284,275

• 13 · Investments: program-related

  beginning of year $2,014,264 · end of year $2,620,827

• 14 · Intangible assets

  beginning of year $15,198,266 · end of year $15,211,636

• 15 · Other assets

  beginning of year $269,721,622 · end of year $226,925,751

• 17 · Accounts payable and accrued expenses

  beginning of year $156,352,000 · end of year $167,117,092

• 19 · Deferred revenue

  beginning of year $15,147,023 · end of year $46,641,264

• 23 · Secured mortgages and notes payable

  beginning of year $354,475,862 · end of year $322,953,056

• 25 · Other liabilities

  beginning of year $259,132,318 · end of year $301,179,127

• 27 · Net assets without donor restrictions

  beginning of year $109,002,802 · end of year $142,439,416

• 28 · Net assets with donor restrictions

  beginning of year $5,129,500 · end of year $5,029,500

The filer's explanations (Part III)

PART I, LINE 4A

CLIFFORD LEBLANC, HIGHEST COMPENSATED EMPLOYEE, RECEIVED A SEVERANCE OF $156,000.

PART I, LINE 7

THE INCENTIVE PLANS INCLUDE A SUBJECTIVE COMPONENT BASED ON PERSONAL PERFORMANCE, WHICH SLIGHTLY AFFECTS THE AMOUNT OF INCENTIVE PAYMENT. THERE IS DISCRETION AS TO THE AMOUNT OF INCENTIVE COMPENSATION FOR SENIOR MANAGEMENT.

PART I, LINE 3: ARRANGEMENT USED TO ESTABLISH TOP MGMT OFFICIAL'S COMP

ALL OCHSNER LSU HEALTH SYSTEM OF NORTH LOUISIANA'S CEO AND OFFICER COMPENSATION AND BENEFITS ARRANGEMENTS, INCLUDING SALARY AND BONUS INCENTIVE PLANS, ARE REVIEWED BY OCHSNER CLINIC FOUNDATION'S EXECUTIVE TEAM UNDER ITS AGREEMENT TO PROVIDE MANAGEMENT SERVICES. OCHSNER CLINIC FOUNDATION'S EXECUTIVE TEAM IS WITHOUT CONFLICTS OF INTEREST AND USES AN INDEPENDENT EXTERNAL CONSULTANT. APPROPRIATE DATA IS APPLIED TO DETERMINE THE COMPARABILITY OF FAIR MARKET VALUE PAY AND ALL ACTIONS ARE APPROPRIATELY DOCUMENTED.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• BRF HOSPITAL HOLDINGS

  HEALTH CARE · LA · income -$466,610 · assets $415,501,923

• OCHSNER LSU HEALTH SHREVEPORT

  HEALTH CARE · LA · income $744,353,085 · assets $392,040,048

  Directly controlled by BRF HOSPITAL HOLDINGS LLC

• OCHSNER LSU HEALTH MONROE

  HEALTH CARE · LA · income $150,472,511 · assets $59,814,332

  Directly controlled by BRF HOSPITAL HOLDINGS LLC

• OCHSNER LSU HEALTH SHREVEPORT - ST MARY MEDICAL CENTER LLC

  HEALTH CARE · LA · income $156,208,626 · assets $115,391,515

  Directly controlled by BRF HOSPITAL HOLDINGS LLC