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Nonprofiteer
← LOURDES FOUNDATION INC

Form 990 for tax year 2022

Filed by LOURDES FOUNDATION INC.

Totals

Total revenue
$2,333,947
Total expenses
$222,570
Contributions and grants received
$2,168,489
Grants paid
$52,796
Program service revenue
$0
Investment income
$74,614
Other revenue
$90,844
Total assets, end of year
$14,262,855
Total liabilities, end of year
$338,827
Net assets or fund balances, end of year
$13,924,028
Program services expenses (Part IX)
$52,796
Management and general expenses
$64,178
Fundraising expenses
$105,596
Program service expenses (Part III)
$52,796

Program services were 23.7% 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.

  • 1c · Fundraising events

    $219,084

  • 1d · Related organizations

    $212,507

  • 1f · All other contributions, gifts and grants

    $1,736,898

  • 1g · Noncash contributions included above

    $32,383

  • 3 · Investment income

    total $47,314 · excluded $47,314

  • 7a · Gross sales of assets other than inventory

    securities $778,049

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

    securities $750,749

  • 7c · Gain or loss

    securities $27,300

  • 7d · Net gain or loss

    total $27,300 · excluded $27,300

  • 8a · Fundraising events: gross income

    $86,891

  • 8a · Fundraising events: contributions included on line 1c

    $219,084

  • 8b · Fundraising events: direct expenses

    $159,597

  • 8c · Net income from fundraising events

    total -$72,706 · excluded -$72,706

  • 9a · Gaming: gross income

    $278,250

  • 9b · Gaming: direct expenses

    $114,700

  • 9c · Net income from gaming

    total $163,550 · excluded $163,550

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $52,796 · program services $52,796

  • 11f · Fees: investment management

    total $4,607 · management and general $4,607

  • 11g · Fees: other

    total $7,639 · management and general $1,190 · fundraising $6,449

  • 12 · Advertising and promotion

    total $5,335 · management and general $831 · fundraising $4,504

  • 13 · Office expenses

    total $142,533 · management and general $57,191 · fundraising $85,342

  • 16 · Occupancy

    total $267 · fundraising $267

  • 17 · Travel

    total $714 · fundraising $714

  • 19 · Conferences, conventions and meetings

    total $6,285 · fundraising $6,285

  • 24a · Other expenses: OTHER EXPENSE

    total $1,918 · management and general $288 · fundraising $1,630

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $476 · management and general $71 · fundraising $405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,223,245 · end of year $10,115,481

  • 3 · Pledges and grants receivable

    beginning of year $52,048

  • 12 · Investments: other securities

    beginning of year $2,579,705 · end of year $2,858,811

  • 15 · Other assets

    beginning of year $1,837,129 · end of year $1,288,563

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,356 · end of year $7,616

  • 25 · Other liabilities

    beginning of year $43,740 · end of year $331,211

  • 27 · Net assets without donor restrictions

    beginning of year $5,503,396 · end of year $6,168,423

  • 28 · Net assets with donor restrictions

    beginning of year $6,143,635 · end of year $7,755,605

Mission and programs · 2022

Mission

WE SEEK AND FACILITATE GIFTS TO PROVIDE CHARITABLE HEALTHCARE PROGRAMS AND SERVICES THAT SUPPORT THE MISSION OF OUR LADY OF LOURDES REGIONAL MEDICAL CENTER, INC. AND ARE NOT FUNDED BY TRADITIONAL RESOURCES.

Activities or mission (Part I)

WE SEEK AND FACILITATE GIFTS TO PROVIDE CHARITABLE HEALTHCARE PROGRAMS AND SERVICES (SEE SCHEDULE O) THAT SUPPORT THE MISSION OF OUR LADY OF LOURDES REGIONAL MEDICAL CENTER, INC.

  • GRANTS ARE MADE TO OR ON BEHALF OF OUR LADY OF THE LOURDES REGIONAL MEDICAL CENTER TO PROMOTE THE WELFARE OF THE HOSPITAL AND INCREASE ITS USEFULNESS TO THE CITIZENS OF LAFAYETTE PARISH, LOUISIANA AND THE USA.

    Expenses $52,796 · Grants $52,796

As filed on the 2022 return.

Listed in Part VII

  • JIMMY MALLIA

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT FOARD

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • HUNTER TRAHAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • JEFF ELMORE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JOANIE HILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN MENDELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • KELLY GAUTHREAUX

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • KIM BISHOP

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • MIKE HAMNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • NANCY PRINCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • TIGER PHARR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DR CLAY CHANDLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DR KATHRYN STROTHER

    BOARD MEMBER

    Total calculated
    $289,637
    From this org
    $0
    From related orgs
    $274,635
    Other
    $15,002
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,941 related
    Bonus
    $0 + $38,584 related
    Other
    $0 + $1,110 related
    Deferred
    $0 + $12,382 related
    Nontaxable benefits
    $0 + $2,620 related
    Filer's total
    $0 + $289,637 related

  • CHARLIE BABINEAUX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ROBIN FERGUSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DR PERRI PRELLOP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JIMMY WHITE MD

    BOARD MEMBER/PHYSICIAN

    Total calculated
    $20,400
    From this org
    $0
    From related orgs
    $20,400
    Other
    $0
    Hours/week
    0.5 + 5 related

  • KATHLEEN HEALY-COLLIER

    LOURDES PRESIDENT (UNTIL 7/22)

    Total calculated
    $598,955
    From this org
    $0
    From related orgs
    $585,990
    Other
    $12,965
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,548 related
    Bonus
    $0 + $182,762 related
    Other
    $0 + $155,680 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,965 related
    Filer's total
    $0 + $598,955 related

  • DR PAUL BREAUX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DR DEIADRA GARRETT

    BOARD MEMBER/PHYSICIAN

    Total calculated
    $843,359
    From this org
    $0
    From related orgs
    $818,956
    Other
    $24,403
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $812,254 related
    Bonus
    $0
    Other
    $0 + $6,702 related
    Deferred
    $0 + $14,485 related
    Nontaxable benefits
    $0 + $9,918 related
    Filer's total
    $0 + $843,359 related

  • ROBBIE MAHTOOK III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • STEPHANIE MANSON

    LOURDES MARKET PRESIDENT (FROM 3/23)

    Total calculated
    $605,781
    From this org
    $0
    From related orgs
    $552,790
    Other
    $52,991
    Hours/week
    0.5 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $423,753 related
    Bonus
    $0 + $127,327 related
    Other
    $0 + $1,710 related
    Deferred
    $0 + $27,450 related
    Nontaxable benefits
    $0 + $25,541 related
    Filer's total
    $0 + $605,781 related

  • WILL RUCKS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY D LIMBOCKER

    CFO/EVP FMOLHS (UNTIL 9/22)

    Total calculated
    $875,663
    From this org
    $0
    From related orgs
    $855,174
    Other
    $20,489
    Hours/week
    0.5 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $561,480 related
    Bonus
    $0 + $216,453 related
    Other
    $0 + $77,241 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,489 related
    Filer's total
    $0 + $875,663 related

  • MICHAEL GLEASON

    CFO FMOLHS (FROM 4/23)

    Total calculated
    $0
    Hours/week
    0.5 + 45.5 related

  • LOWELL STANTON

    VP FINANCE/CFO LOURDES

    Total calculated
    $648,848
    From this org
    $0
    From related orgs
    $606,053
    Other
    $42,795
    Hours/week
    0.5 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $461,602 related
    Bonus
    $0 + $141,829 related
    Other
    $0 + $2,622 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $27,545 related
    Filer's total
    $0 + $648,848 related

  • ROBERT RAMSEY

    INTERIM CFO (9/22 TO 5/23)

    Total calculated
    $259,391
    From this org
    $0
    From related orgs
    $258,636
    Other
    $755
    Hours/week
    0.5 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,295 related
    Bonus
    $0
    Other
    $0 + $3,341 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $755 related
    Filer's total
    $0 + $259,391 related

  • DONNA LANDRY

    LOURDES INTERIM PRES (UNTIL 3/23)

    Total calculated
    $480,453
    From this org
    $0
    From related orgs
    $451,280
    Other
    $29,173
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,783 related
    Bonus
    $0 + $80,423 related
    Other
    $0 + $8,074 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $13,923 related
    Filer's total
    $0 + $480,453 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE CEO IS PAID BY FMOL HEALTH SYSTEM, A RELATED TAX EXEMPT ORGANIZATION. THE FMOLHS BOARD OF DIRECTORS DESIGNATES A COMPENSATION COMMITTEE, MADE UP OF INDEPENDENT BOARD MEMBERS, TO REVIEW AND SET THE CEO'S COMPENSATION ANNUALLY. THE COMPENSATION COMMITTEE OBTAINS AND RELIES UPON COMPARABLE DATA INCLUDING A COMPENSATION STUDY/SURVEY FROM AN INDEPENDENT COMPENSATION CONSULTANT. THE COMPENSATION COMMITTEE REVIEWS COMPENSATION PACKAGES AND APPROPRIATE COMPENSATION IS DETERMINED AND APPROVED. THE BASIS FOR MAKING SUCH DETERMINATION IS DOCUMENTED BY THE COMPENSATION COMMITTEE.
PART I, QUESTION 4A:
TWO OFFICERS ARE ENTITLED TO A SEVERANCE BENEFIT. THE PAYOUT OF SUCH BENEFIT IS REMOTE AS IT IS EFFECTIVE ONLY FOR TERMINATION OF EMPLOYMENT WITHOUT CAUSE, FOR GOOD REASON AND FOR A CHANGE OF CONTROL. IF TRIGGERED, THE EXECUTIVE WILL BE PAID HIS BASE SALARY AND AN ANNUAL INCENTIVE PAYMENT AT TARGET AND PROVIDED RETIREMENT AND WELFARE BENEFITS FOR AN ENTITLEMENT PERIOD. THE ENTITLEMENT PERIOD IS 24 MONTHS. NO PAYMENTS WERE MADE UNDER THE PLAN IN THE CURRENT YEAR. THE EXITING PRESIDENT, THE MARKET PRESIDENT AND THE VP FINANCE/CFO ENTITLED TO A SEVERANCE BENEFIT. THE PAYOUT OF SUCH BENEFIT IS REMOTE AS IT IS EFFECTIVE ONLY FOR TERMINATION OF EMPLOYMENT WITHOUT CAUSE, FOR GOOD REASON AND FOR A CHANGE OF CONTROL. IF TRIGGERED, THE EMPLOYEE WOULD BE PAID HIS/HER BASE SALARY AND PROVIDED RETIREMENT AND WELFARE BENEFITS FOR AN ENTITLEMENT PERIOD. THE ENTITLEMENT PERIOD IS GENERALLY 18 MONTHS. KATHLEEN HEALY-COLLIER RECEIVED A PAYMENT OF $154,037 UNDER THE PLAN IN THE CURRENT YEAR.
PART I, QUESTION 4B:
FMOL HEALTH SYSTEM MAINTAINS THREE UNFUNDED DEFERRED COMPENSATION PLANS WHICH MEET THE REQUIREMENTS OF IRC SECTION 457(F) AND IRC SECTION 409A. THE PLANS PROVIDE FOR COMPENSATION TO BE DEFERRED AND PAID UPON THE OCCURRENCE OF CERTAIN EVENTS SUCH AS TERMINATION WITHOUT CAUSE, DISABILITY, DEATH OR ATTAINMENT OF A SPECIFIC PAYMENT DATE. PARTICIPATION IN THE PLANS IS LIMITED TO CERTAIN EXECUTIVES AND IS SUBJECT TO APPROVAL OF FMOLHS BOARD OF DIRECTORS OR A DESIGNATED COMMITTEE OF SUCH BOARD. JEFF LIMBOCKER RECEIVED A PAYMENT OF $75,123 FROM THE PLAN DURING THE CURRENT YEAR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2023
IRS schema version
2022v5.0
Source object
202441369349313709

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