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← LOUISIANA STATE UNIVERSITY OF MEDICINE IN NEW ORLEANS

Form 990 for tax year 2022

Filed by LOUISIANA STATE UNIVERSITY OF MEDICINE IN NEW ORLEANS.

Totals

Total revenue
$168,065,330
Total expenses
$159,426,437
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$165,644,224
Investment income
$2,287,762
Other revenue
$133,344
Total assets, end of year
$110,438,001
Total liabilities, end of year
$36,292,597
Net assets or fund balances, end of year
$74,145,404
Program services expenses (Part IX)
$157,294,506
Management and general expenses
$2,131,931
Fundraising expenses
$0
Program service expenses (Part III)
$157,294,506

Program services were 98.7% 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.

  • 2a · Program service revenue: PATIENT SERVICE REV.

    total $145,098,092 · related or exempt $145,098,092

  • 2b · Program service revenue: CAPITATION REVENUE

    total $20,546,132 · related or exempt $20,546,132

  • 3 · Investment income

    total $332,748 · excluded $332,748

  • 6a · Gross rents

    real property $133,344

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $133,344

  • 6d · Net rental income or loss

    total $133,344 · excluded $133,344

  • 7a · Gross sales of assets other than inventory

    securities $27,694,506 · other assets $103,075

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

    securities $25,693,568 · other assets $148,999

  • 7c · Gain or loss

    securities $2,000,938 · other assets -$45,924

  • 7d · Net gain or loss

    total $1,955,014 · excluded $1,955,014

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $186,696 · program services $162,426 · management and general $24,270

  • 7 · Other salaries and wages

    total $5,829,859 · program services $5,071,977 · management and general $757,882

  • 8 · Pension plan contributions

    total $280,565 · program services $244,092 · management and general $36,473

  • 9 · Other employee benefits

    total $750,721 · program services $653,127 · management and general $97,594

  • 10 · Payroll taxes

    total $514,408 · program services $447,535 · management and general $66,873

  • 11b · Fees: legal

    total $31,808 · program services $27,673 · management and general $4,135

  • 11c · Fees: accounting

    total $243,012 · program services $211,420 · management and general $31,592

  • 11f · Fees: investment management

    total $700,470 · program services $609,409 · management and general $91,061

  • 11g · Fees: other

    total $12,867,498 · program services $12,553,216 · management and general $314,282

  • 12 · Advertising and promotion

    total $60,617 · program services $52,737 · management and general $7,880

  • 13 · Office expenses

    total $662,275 · program services $576,179 · management and general $86,096

  • 14 · Information technology

    total $319,921 · program services $278,331 · management and general $41,590

  • 16 · Occupancy

    total $10,631 · program services $9,249 · management and general $1,382

  • 17 · Travel

    total $8,009 · program services $6,968 · management and general $1,041

  • 19 · Conferences, conventions and meetings

    total $91,671 · program services $79,754 · management and general $11,917

  • 22 · Depreciation, depletion and amortization

    total $383,430 · program services $333,584 · management and general $49,846

  • 23 · Insurance

    total $360,604 · program services $313,725 · management and general $46,879

  • 24a · Other expenses: PAYMENT TO LSUHSC - MED

    total $88,812,986 · program services $88,812,986

  • 24b · Other expenses: LEASED EMPLOYEES-NON-FA

    total $20,580,480 · program services $20,580,480

  • 24c · Other expenses: MEDICAL CLAIMS EXPENSE

    total $14,697,984 · program services $14,697,984

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $7,202,422 · program services $7,202,422

  • 24e · All other expenses

    total $4,830,370 · program services $4,369,232 · management and general $461,138

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,128,431 · end of year $14,263,204

  • 4 · Accounts receivable

    beginning of year $10,486,199 · end of year $13,442,502

  • 8 · Inventories for sale or use

    beginning of year $65,996 · end of year $90,663

  • 9 · Prepaid expenses and deferred charges

    beginning of year $510,933 · end of year $385,377

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

    $7,484,463

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

    $6,635,537

  • 10c · Land, buildings and equipment, net

    beginning of year $1,213,564 · end of year $848,926

  • 11 · Investments: publicly traded securities

    beginning of year $70,032,140 · end of year $74,082,549

  • 14 · Intangible assets

    beginning of year $462,702 · end of year $475,452

  • 15 · Other assets

    beginning of year $4,068,245 · end of year $6,849,328

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,564,984 · end of year $2,728,896

  • 23 · Secured mortgages and notes payable

    beginning of year $16,844,455 · end of year $10,675,730

  • 25 · Other liabilities

    beginning of year $18,421,059 · end of year $22,887,971

  • 27 · Net assets without donor restrictions

    beginning of year $61,137,712 · end of year $74,145,404

Mission and programs · 2022

Mission

THE PATIENT-CENTERED HEALTHCARE TEAM OF THE LSU HEALTHCARE NETWORK WILL PROVIDE THE HIGHEST QUALITY, COMPREHENSIVE MEDICAL CARE WITH COMPASSION AND PROFESSIONALISM, WHILE MAINTAINING OUR COMMITMENT TO ACADEMIC EXCELLENCE

Activities or mission (Part I)

PRIVATE, TAX-EXEMPT FACULTY GROUP PRACTICE THAT WAS ESTABLISHED TO SUPPORT (CONT'D ON SCH O)THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL MISSIONS OF THE LSU HEALTH SCIENCES CENTER IN NEW ORELANS, PARTICULARLY AS THEY RELATE TO ITS SCHOOLS OF MEDICINE, ALLIED HEALTH PROFESSIONS, DENTISTRY, NURSING, AND PUBLIC HEALTH, IN THEIR CLINICAL PRACTICE FUNCTIONS.

  • ENHANCEMENT FUND PAYMENTS PAID TO THE LA STATE UNIVERSITY HEALTH SCIENCES CENTER HELPED SUSTAIN FACULTY TEACHING PROGRAMS, RESIDENT TRAINING, AND MEDICAL RESEARCH. THE FACULTY GROUP PRACTICE ALSO MANAGES COMMUNITY OUTREACH CLINICS SUCH AS THE NEW ORLEANS MUSICIAN'S CLINIC THAT PROVIDES DISCOUNTED CARE TO THE CITY'S MUSICIANS, BASED ON NEED. CLINICAL CARE TO THE COMMUNITY IS PROVIDED WITHOUT REGARD TO THE ABILITY TO PAY OR THE POSSESSION OF INSURANCE. DURING THE YEAR ENDED JUNE 30, 2023, CHARITY CHARGES ENTERED INTO THE BILLING SYSTEM AND ADJUSTED OFF TOTALED APPROXIMATELY $11.9 MILLION WHICH REPRESENTS 3.4% OF THE TOTAL GROSS CHARGES FOR THE FISCAL YEAR.

    Expenses $157,294,506 · Revenue $165,644,224

As filed on the 2022 return.

Listed in Part VII

  • Steve Nelson MD

    PRESIDENT

    Total calculated
    $914,613
    From this org
    $0
    From related orgs
    $878,787
    Other
    $35,826
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $878,787 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,800 related
    Nontaxable benefits
    $0 + $12,026 related
    Filer's total
    $0 + $914,613 related

  • Jack Christian Winters MD

    CEO

    Total calculated
    $728,465
    From this org
    $0
    From related orgs
    $698,172
    Other
    $30,293
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $698,172 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,267 related
    Nontaxable benefits
    $0 + $12,026 related
    Filer's total
    $0 + $728,465 related

  • Mark H Townsend MD

    LSUHSC REPRESENTATIVE

    Total calculated
    $274,607
    From this org
    $0
    From related orgs
    $264,794
    Other
    $9,813
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,794 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,596 related
    Nontaxable benefits
    $0 + $3,217 related
    Filer's total
    $0 + $274,607 related

  • Robert D Zura

    LSUHSC REPRESENTATIVE

    Total calculated
    $862,605
    From this org
    $0
    From related orgs
    $830,654
    Other
    $31,951
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $830,654 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $13,651 related
    Filer's total
    $0 + $862,605 related

  • Frank Smart MD

    LSUHSC REPRESENTATIVE

    Total calculated
    $655,057
    From this org
    $0
    From related orgs
    $629,030
    Other
    $26,027
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $629,030 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,377 related
    Nontaxable benefits
    $0 + $13,650 related
    Filer's total
    $0 + $655,057 related

  • Jayne S Weiss MD

    LSUHSC REPRESENTATIVE

    Total calculated
    $686,819
    From this org
    $0
    From related orgs
    $663,323
    Other
    $23,496
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $663,323 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,191 related
    Nontaxable benefits
    $0 + $7,305 related
    Filer's total
    $0 + $686,819 related

  • Elizabeth Sumrall

    LSU SYSTEM

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • E Johann Bultman

    COMMUNITY MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Corey Hebert MD

    COMMUNITY MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Michael Conerly

    COMMUNITY MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Henry Miller

    COMMUNITY MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • James Williams

    COMMUNITY MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • William Johnson

    COMMUNITY MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Carol Suggs

    COMMUNITY MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Cindy Brennan-Davis

    COMMUNITY MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Stephen Brierre

    COMMUNITY MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Richard Culbertson

    COMMUNITY MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • David Francis

    COMMUNITY MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Richard Dicarlo

    LSUHSC REPRESENTATIVE

    Total calculated
    $526,331
    From this org
    $0
    From related orgs
    $499,258
    Other
    $27,073
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $499,258 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,104 related
    Nontaxable benefits
    $0 + $12,969 related
    Filer's total
    $0 + $526,331 related

  • Atara McAvoy

    CFO

    Total calculated
    $186,696
    From this org
    $176,052
    From related orgs
    $0
    Other
    $10,644
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,052
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $176,052

  • James Hritz JD

    CHIEF LEGAL COMPLIANCE

    Total calculated
    $131,951
    From this org
    $129,208
    From related orgs
    $0
    Other
    $2,743
    Hours/week
    40

  • Amanda Gregoire

    NURSE PRACTITIONER/OFFICE MANAGER

    Total calculated
    $148,284
    From this org
    $115,905
    From related orgs
    $0
    Other
    $32,379
    Hours/week
    40

  • Caroline Robertson

    DIRECTOR OF QUALITY

    Total calculated
    $133,306
    From this org
    $112,751
    From related orgs
    $0
    Other
    $20,555
    Hours/week
    40

  • Stephanie Eschete

    PHYSICIAN ASSISTANT

    Total calculated
    $126,940
    From this org
    $110,711
    From related orgs
    $0
    Other
    $16,229
    Hours/week
    40

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

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

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

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.

  • LSU HEALTH SCIENCES CENTER - NEW ORLEANS

    501(C)(3) · HEALTHCARE · LA

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.

Disregarded entities

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

  • UNIVERSITY MEDICAL GROUP LLC

    PHYSICIAN HEALTH CARE SERVICES · LA · income $6,089,179 · assets $8,994,011

    Directly controlled by LSU SCHOOL OF MEDICINE IN NEW ORLEANS FACULTY GROUP PRACTICE

  • LSUHN BILLING LLC

    BILLING COMPANY · LA

    Directly controlled by LSU SCHOOL OF MEDICINE IN NEW ORLEANS FACULTY GROUP PRACTICE

  • LSUHN VASCULAR LAB LLC

    VASCULAR LABORATORY · LA

    Directly controlled by LSU SCHOOL OF MEDICINE IN NEW ORLEANS FACULTY GROUP PRACTICE

Provenance

Return type
form_990
Tax year
2022
Filed
20 February 2024
IRS schema version
2022v5.0
Source object
202440799349301614

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