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Nonprofiteer
← LOURDES FOUNDATION INC

Form 990 for tax year 2023

Filed by LOURDES FOUNDATION INC.

Totals

Total revenue
$866,370
Total expenses
$247,376
Contributions and grants received
$660,986
Grants paid
$100,287
Program service revenue
$0
Investment income
$115,981
Other revenue
$89,403
Total assets, end of year
$18,888,974
Total liabilities, end of year
$3,822,856
Net assets or fund balances, end of year
$15,066,118
Program services expenses (Part IX)
$100,287
Management and general expenses
$29,793
Fundraising expenses
$117,296
Program service expenses (Part III)
$100,287

Program services were 40.5% 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

    $328,424

  • 1d · Related organizations

    $114,916

  • 1f · All other contributions, gifts and grants

    $217,646

  • 1g · Noncash contributions included above

    $51,505

  • 3 · Investment income

    total $122,792 · excluded $122,792

  • 7a · Gross sales of assets other than inventory

    securities $345,456

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

    securities $352,267

  • 7c · Gain or loss

    securities -$6,811

  • 7d · Net gain or loss

    total -$6,811 · excluded -$6,811

  • 8a · Fundraising events: gross income

    $155,839

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

    $328,424

  • 8b · Fundraising events: direct expenses

    $196,698

  • 8c · Net income from fundraising events

    total -$40,859 · excluded -$40,859

  • 9a · Gaming: gross income

    $223,750

  • 9b · Gaming: direct expenses

    $112,004

  • 9c · Net income from gaming

    total $111,746 · excluded $111,746

  • 11a · Other revenue: OTHER REVENUE

    total $18,516 · excluded $18,516

  • 11e · Other revenue, total

    $18,516

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,287 · program services $100,287

  • 11f · Fees: investment management

    total $6,539 · management and general $6,539

  • 11g · Fees: other

    total $6,493 · management and general $360 · fundraising $6,133

  • 12 · Advertising and promotion

    total $16,435 · management and general $22 · fundraising $16,413

  • 13 · Office expenses

    total $113,351 · management and general $22,559 · fundraising $90,792

  • 16 · Occupancy

    total $374 · fundraising $374

  • 17 · Travel

    total $2,879 · management and general $160 · fundraising $2,719

  • 20 · Interest

    total $300 · management and general $17 · fundraising $283

  • 24a · Other expenses: OTHER EXPENSE

    total $621 · management and general $135 · fundraising $486

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $97 · management and general $1 · fundraising $96

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,070,675 · end of year $14,064,257

  • 2 · Savings and temporary cash investments

    beginning of year $44,806 · end of year $51,323

  • 12 · Investments: other securities

    beginning of year $2,858,811 · end of year $3,262,695

  • 15 · Other assets

    beginning of year $1,288,563 · end of year $1,510,699

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,616 · end of year $102

  • 25 · Other liabilities

    beginning of year $331,211 · end of year $3,822,754

  • 27 · Net assets without donor restrictions

    beginning of year $6,168,423 · end of year $7,347,330

  • 28 · Net assets with donor restrictions

    beginning of year $7,755,605 · end of year $7,718,788

Mission and programs · 2023

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 $100,287 · Grants $100,287

As filed on the 2023 return.

Listed in Part VII

  • Brandy Bernard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Charlie Babineaux

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Clay Chandler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Deidra Garrett

    BOARD MEMBER/PHYSICIAN

    Total calculated
    $823,281
    From this org
    $0
    From related orgs
    $798,010
    Other
    $25,271
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $796,720 related
    Bonus
    $0
    Other
    $0 + $1,290 related
    Deferred
    $0 + $14,985 related
    Nontaxable benefits
    $0 + $10,286 related
    Filer's total
    $0 + $823,281 related
  • Dr Kathryn Strother

    BOARD MEMBER/PHYSICIAN

    Total calculated
    $320,776
    From this org
    $0
    From related orgs
    $301,913
    Other
    $18,863
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,078 related
    Bonus
    $0 + $50,006 related
    Other
    $0 + $829 related
    Deferred
    $0 + $15,154 related
    Nontaxable benefits
    $0 + $3,709 related
    Filer's total
    $0 + $320,776 related
  • Dr Paul Breaux

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Perri Prellop

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Hunter Trahan

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Jimmy Mallia

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Jimmy White MD

    BOARD MEMBER

    Total calculated
    $19,550
    From this org
    $0
    From related orgs
    $19,550
    Other
    $0
    Hours/week
    0.5 + 5 related
  • 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

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Rep Marcus Bryant

    BOARD MEMBER

    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
  • Robbie Mahtook III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Robert Foard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Robin Ferguson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Stephanie Manson

    LOURDES MARKET PRESIDENT

    Total calculated
    $814,624
    From this org
    $0
    From related orgs
    $758,593
    Other
    $56,031
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $480,766 related
    Bonus
    $0 + $275,104 related
    Other
    $0 + $2,723 related
    Deferred
    $0 + $29,700 related
    Nontaxable benefits
    $0 + $26,331 related
    Filer's total
    $0 + $814,624 related
  • Tiger Pharr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Will Rucks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeremy Rogers

    VP FINANCE/CFO LOURDES FROM 4/2024

    Total calculated
    $509,255
    From this org
    $0
    From related orgs
    $481,921
    Other
    $27,334
    Hours/week
    0.5 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,010 related
    Bonus
    $0 + $145,048 related
    Other
    $0 + $2,863 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,334 related
    Filer's total
    $0 + $509,255 related
  • Lowell Stanton

    VP FINANCE/CFO LOURDES UNTIL 4/2024

    Total calculated
    $642,950
    From this org
    $0
    From related orgs
    $600,074
    Other
    $42,876
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $470,903 related
    Bonus
    $0 + $123,980 related
    Other
    $0 + $5,191 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $26,376 related
    Filer's total
    $0 + $642,950 related
  • Michael Gleason

    CFO FMOLHS

    Total calculated
    $824,665
    From this org
    $0
    From related orgs
    $796,618
    Other
    $28,047
    Hours/week
    0.5 + 43.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $564,283 related
    Bonus
    $0 + $187,500 related
    Other
    $0 + $44,835 related
    Deferred
    $0 + $16,039 related
    Nontaxable benefits
    $0 + $12,008 related
    Filer's total
    $0 + $824,665 related
  • Donna Landry

    FORMER INTERIM MARKET PRES/COO

    Total calculated
    $492,333
    From this org
    $0
    From related orgs
    $447,496
    Other
    $44,837
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $353,028 related
    Bonus
    $0 + $86,655 related
    Other
    $0 + $7,813 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $28,337 related
    Filer's total
    $0 + $492,333 related
  • Jennifer Clowers

    FORMER LOURDES CFO/CURRENT OLOL CFO

    Total calculated
    $715,554
    From this org
    $0
    From related orgs
    $632,613
    Other
    $82,941
    Hours/week
    0 + 47.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $410,422 related
    Bonus
    $0 + $220,415 related
    Other
    $0 + $1,776 related
    Deferred
    $0 + $55,765 related
    Nontaxable benefits
    $0 + $27,176 related
    Filer's total
    $0 + $715,554 related
  • Kathleen Healy-Collier

    FORMER LOURDES PRESIDENT

    Total calculated
    $444,995
    From this org
    $0
    From related orgs
    $444,995
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $444,995 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $444,995 related
  • Robert Ramsey

    FORMER INTERIM CFO

    Total calculated
    $332,671
    From this org
    $0
    From related orgs
    $331,658
    Other
    $1,013
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $297,844 related
    Bonus
    $0
    Other
    $0 + $33,814 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,013 related
    Filer's total
    $0 + $332,671 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 MARKET PRESIDENT 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 MARKET PRESIDENT'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:
THE FORMER CFO, WHO IS NOW CFO AT A RELATED ORGANIZATION, AND A CURRENT OFFICER 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 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. THE FORMER MARKET PRESIDENT, KATHLEEN HEALY-COLLIER, RECEIVED A PAYMENT OF $444,995 UNDER THE PLAN IN THE CURRENT YEAR.
PART I, QUESTION 4B:
FMOL HEALTH SYSTEM MAINTAINS TWO 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. NO ONE LISTED ON PART VII, SECTION A RECEIVED A PAYMENT FROM THE PLANS IN 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.

  • LOURDES IMAGING DEVELOPMENT LLC

    REAL ESTATE · LA

  • PARK PLACE SURGERY CENTER LLC

    HEALTHCARE · LA

  • CONVENIENT CARE LLC

    HEALTHCARE · LA

  • PERKINS PLAZA AMBULATORY SURGERY CENTER LLC

    HEALTHCARE · LA

  • SURGICAL SPECIALTY CENTER OF BATON ROUGE LLC

    HEALTHCARE · LA

  • ST ELIZABETH-MARY BIRD PERKINS CANCER CENTER LLC

    HEALTHCARE · LA

  • NORTHEAST LA CANCER INSTITUTE LLC

    HEALTHCARE · LA

  • LHCG-XIII LLC DBA LOURDES HOME HEALTH

    HEALTHCARE · LA

  • LOURDES AFTER HOURS LLC

    HEALTHCARE · LA

  • LAKE URGENT CARE ASCENSION LLC (LUCA)

    HEALTHCARE · LA

  • ST FRANCIS URGENT CARE LLC

    HEALTHCARE · LA

  • GAMMA KNIFE OF LOUISIANA LLC

    HEALTHCARE · LA

  • PINNACLE CARE HOLDINGS LLC

    HEALTHCARE · LA

  • LAFAYETTE SURGERY CENTER LIMITED PARTNERSHIP

    HEALTHCARE · LA

  • FREMAUX OFFICE MM LLC

    HEALTHCARE · LA

  • OLOL PONTCHARTRAIN SURGERY CENTER LLC

    HEALTHCARE · LA

  • LAKE SURGICAL HOSPITAL (SLIDELL) LLC

    HEALTHCARE · LA

  • PREMIER HEALTH HOLDINGS LLC

    HEALTHCARE · LA

  • PERKINS PLAZA DEVELOPMENT LLC

    REAL ESTATE · LA

  • JACKSON HEART & VASCULAR CENTER LLC

    HEALTHCARE · MS

  • CARDIOVASCULAR AND ARRYTHMIA CENTER LLC (CVAC)

    HEALTHCARE · LA

  • CARDIOVASCULAR AND ARRYTHMIA MANAGEMENT LLC (CVAM)

    HEALTHCARE · LA

  • TACTION SPORTS MANAGEMENT LLC

    HEALTHCARE · LA

Related corporations and trusts

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

  • LOUISE INSURANCE COMPANY

    C · INSURANCE · CJ

  • FRANCISICAN HEALTH & WELLNESS SERVICES INC

    C · HEALTHCARE · LA

  • FMOL HEALTH SYSTEM HOLDINGS INC

    C · INVESTMENT · LA

  • ST DOMINIC MADISON HEALTH SERVICES INC

    C · HEALTHCARE · MS

  • ST DOMINIC INTEGRATED SERVICES INC

    C · INVESTMENTS · MS

  • LAFAYETTE SURGICARE INC

    C · HEALTHCARE · LA

  • NMC OPERATING COMPANY LLC DBA SPINE HOSPITAL OF LOUISIANA

    S · HEALTHCARE · LA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349311752

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