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Nonprofiteer
← LAFAYETTE GENERAL HEALTH SYSTEM INC

Form 990 for tax year 2022

Filed by LAFAYETTE GENERAL HEALTH SYSTEM INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 8 February 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed only on the earlier return

  • PETE NOVEMBER

Listed only on the later return

  • PETER NOVEMBER

Totals

Total revenue
$218,297,858
Total expenses
$209,615,515
Contributions and grants received
$0
Grants paid
$30,067
Program service revenue
$56,109,276
Investment income
$10,218,066
Other revenue
$151,970,516
Total assets, end of year
$1,225,894,578
Total liabilities, end of year
$822,413,184
Net assets or fund balances, end of year
$403,481,394
Program services expenses (Part IX)
$176,689,650
Management and general expenses
$32,925,865
Fundraising expenses
$0
Program service expenses (Part III)
$176,689,650

Program services were 84.3% 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 REVENUE

    total $54,185,855 · related or exempt $46,759,021 · excluded $7,426,834

  • 2b · Program service revenue: MANAGEMENT FEE

    total $1,904,449 · excluded $1,904,449

  • 2c · Program service revenue: EQUITY INCOME - JOINT VENTURE

    total $18,972 · related or exempt -$19,912 · unrelated business $38,884

  • 3 · Investment income

    total $1,771,640 · excluded $1,771,640

  • 6a · Gross rents

    real property $4,479,758

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,479,758

  • 6d · Net rental income or loss

    total $4,479,758 · excluded $4,479,758

  • 7a · Gross sales of assets other than inventory

    securities $1,295,034 · other assets $7,151,392

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $1,295,034 · other assets $7,151,392

  • 7d · Net gain or loss

    total $8,446,426 · excluded $8,446,426

  • 11a · Other revenue: ADMINISTRATIVE SUPPORT

    total $147,455,456 · related or exempt $147,351,991 · unrelated business $103,465

  • 11b · Other revenue: RESEARCH

    total $22,979 · related or exempt $22,979

  • 11c · Other revenue: EDUCATION

    total $12,323 · related or exempt $4,500 · excluded $7,823

  • 11e · Other revenue, total

    $147,490,758

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,067 · program services $30,067

  • 7 · Other salaries and wages

    total $41,352,390 · program services $37,504,047 · management and general $3,848,343

  • 8 · Pension plan contributions

    total $361,206 · program services $361,774 · management and general -$568

  • 9 · Other employee benefits

    total $1,622,722 · program services $2,096,207 · management and general -$473,485

  • 10 · Payroll taxes

    total $2,533,401 · program services $2,355,142 · management and general $178,259

  • 11a · Fees: management

    total $6,155 · program services $6,155

  • 11b · Fees: legal

    total $2,152,124 · program services $31,205 · management and general $2,120,919

  • 11c · Fees: accounting

    total $48,630 · management and general $48,630

  • 11f · Fees: investment management

    total $232,889 · program services $232,889

  • 11g · Fees: other

    total $24,028,778 · program services $17,839,574 · management and general $6,189,204

  • 12 · Advertising and promotion

    total $137,099 · program services $92,209 · management and general $44,890

  • 13 · Office expenses

    total $4,592,450 · program services $4,439,995 · management and general $152,455

  • 14 · Information technology

    total $23,529,262 · program services $23,511,831 · management and general $17,431

  • 16 · Occupancy

    total $15,178,609 · program services $13,786,349 · management and general $1,392,260

  • 17 · Travel

    total $229,880 · program services $156,295 · management and general $73,585

  • 19 · Conferences, conventions and meetings

    total $259,726 · program services $94,257 · management and general $165,469

  • 20 · Interest

    total $7,010,155 · program services $7,008,634 · management and general $1,521

  • 22 · Depreciation, depletion and amortization

    total $27,716,092 · program services $14,433,793 · management and general $13,282,299

  • 23 · Insurance

    total $4,946,701 · program services $442,734 · management and general $4,503,967

  • 24a · Other expenses: CORPORATE ALLOCATION

    total $32,867,063 · program services $32,673,979 · management and general $193,084

  • 24b · Other expenses: MED SUPPL, ORGANS, DRUG

    total $10,052,973 · program services $10,036,292 · management and general $16,681

  • 24c · Other expenses: BLDG EQUIPMENT RPR MAIN

    total $3,458,604 · program services $3,455,889 · management and general $2,715

  • 24d · Other expenses: COMMUNITY BENEFIT

    total $3,325,000 · program services $3,325,000

  • 24e · All other expenses

    total $3,943,539 · program services $2,775,333 · management and general $1,168,206

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,079,920 · end of year $13,907,788

  • 4 · Accounts receivable

    beginning of year $300,365 · end of year $22,533,945

  • 8 · Inventories for sale or use

    end of year $1,425,799

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,586,019 · end of year $4,616,169

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

    $447,011,474

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

    $49,742,163

  • 10c · Land, buildings and equipment, net

    beginning of year $314,100,940 · end of year $397,269,311

  • 12 · Investments: other securities

    beginning of year $230,612,003 · end of year $163,664,867

  • 14 · Intangible assets

    beginning of year $22,186,751 · end of year $20,156,151

  • 15 · Other assets

    beginning of year $568,075,164 · end of year $602,320,548

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,313,834 · end of year $40,165,072

  • 23 · Secured mortgages and notes payable

    beginning of year $1,528,384 · end of year $5,580,009

  • 25 · Other liabilities

    beginning of year $805,692,254 · end of year $776,668,103

  • 27 · Net assets without donor restrictions

    beginning of year $415,406,690 · end of year $403,481,394

Mission and programs · 2022

Mission

THE ORGANIZATION WAS ORGANIZED FOR THE BENEFIT AND SUPPORT OF ITS RELATED 501(C)(3) HEALTH CARE ENTITIES WHICH PROVIDE MEDICAL CARE TO RESTORE, MAINTAIN AND IMPROVE THE HEALTH OF THE COMMUNITY IN WHICH IT SERVES.

Activities or mission (Part I)

THE ORGANIZATION WAS ORGANIZED FOR THE BENEFIT AND SUPPORT OF ITS RELATED 501(C)(3) HEALTH CARE ENTITIES WHICH PROVIDE MEDICAL CARE TO RESTORE, MAINTAIN AND IMPROVE THE HEALTH OF THE COMMUNITY IN WHICH IT SERVES

  • LAFAYETTE GENERAL HEALTH SYSTEM, INC. THE PARENT ENTITY OF LAFAYETTE GENERAL MEDICAL CENTER, INC., ST. MARTIN HOSPITAL, INC., UNIVERSITY HOSPITAL AND CLINICS, ACADIA GENERAL HOSPITAL, LAFAYETTE HEALTH VENTURES, INC., LAFAYETTE GENERAL FOUNDATION, AND KAPLAN GENERAL HOSPITAL PROVIDED SUPPORT OF THE MISSIONS OF THESE 501(C)(3) ORGANIZATIONS AND THIER RELATED ORGANIZATIONS DURING THE YEAR. THESE HOSPITALS PROVIDE NEEDED MEDICAL CARE TO THE COMMUNITY. THE HEALTH SYSTEMS ALSO PROVIDES MANAGEMENT SUPPORT FOR THESE ORGANIZATIONS. THE REVENUE RECORDED IS THE ORGANIZATIONS SHARE OF ITS SUBSIDIARIES' EARNINS FOR THE YEAR, AS WELL AS MANAGEMENT FEES PAID BY THE OTHER ORGANIZATION TO THE HEALTH SYSTEM.

    Expenses $129,175,657 · Grants $29,740 · Revenue $154,129,228

  • COMMUNITY MEDICAL CARE PROVIDER. THE ORGANIZATION PROVIDES NEEDED MEDICAL CARE TO THE PARISH REGARDLESS OF THE PATIENT'S ABILITY TO PAY. SERVICES INCLUDE INPATIENT AND OUTPATIENT CARE IN FURTHERANCE OF THE ORGANIZATION'S HEALTHCARE MISSION.PROGRAM SERVICES STATISTICS RELATED TO PROVIDING COMMUNITY MEDICAL CARE FOR THE HOSPITAL DURING FYE 12/31/22 WERE: 49 LICENSED BEDS, 7,079 TOTAL PATIENT DAYS, 11,373 EMERGENCY ROOM VISITS, 436 INPATIENT SURGERIES AND 1,550 OUTPATIENT SURGERIES.

    Expenses $47,513,993 · Grants $327 · Revenue $39,989,351

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRAD BROUSSARD MD

    BOARD MEMBER

    Total calculated
    $40,000
    From this org
    $0
    From related orgs
    $40,000
    Other
    $0
    Hours/week
    1 + 1 related

  • BRADLEY J CHASTANT MD

    CHIEF OF STAFF

    Total calculated
    $357,881
    From this org
    $0
    From related orgs
    $342,587
    Other
    $15,294
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,764 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $47,323 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,294 related
    Filer's total
    $0 + $357,881 related

  • CLAY ALLEN

    EMERITUS TRUSTEE NON-VOTING

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID WILSON

    TRUSTEE

    Total calculated
    $56,294
    From this org
    $0
    From related orgs
    $56,294
    Other
    $0
    Hours/week
    1 + 6 related

  • FRANK WALKER

    TREASURER

    Total calculated
    $722
    From this org
    $0
    From related orgs
    $722
    Other
    $0
    Hours/week
    1 + 1 related

  • JARED S QUOYESER

    BOARD MEMBER CHAIRMAN

    Total calculated
    $16,332
    From this org
    $0
    From related orgs
    $16,332
    Other
    $0
    Hours/week
    1 + 7 related

  • JENNIFER JACKSON EDD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN P SCHUTTE MD

    TRUSTEE & VICE CHAIR

    Total calculated
    $662,022
    From this org
    $0
    From related orgs
    $641,032
    Other
    $20,990
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $636,888 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $2,644 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,990 related
    Filer's total
    $0 + $662,022 related

  • JOSEPH ZANCO

    TRUSTEE (TERM END 2/2022)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MANDI MITCHELL

    BOARD MEMBER

    Total calculated
    $13,485
    From this org
    $0
    From related orgs
    $13,485
    Other
    $0
    Hours/week
    1 + 6 related

  • MARTIN BECH

    TRUSTEE (TERM END 2/2022)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARY ELLEN HENRY

    TRUSTEE & SECRETARY

    Total calculated
    $47
    From this org
    $0
    From related orgs
    $47
    Other
    $0
    Hours/week
    1 + 1 related

  • MICHAEL HULEFELD

    TRUSTEE

    Total calculated
    $4,516,646
    From this org
    $0
    From related orgs
    $4,486,995
    Other
    $29,651
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,152,888 related
    Bonus
    $0 + $1,843,500 related
    Other
    $0 + $1,490,607 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $22,851 related
    Filer's total
    $0 + $4,516,646 related

  • MOLLY B THOMAS MD

    BOARD MEMBER

    Total calculated
    $728,553
    From this org
    $0
    From related orgs
    $703,070
    Other
    $25,483
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $695,109 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $6,461 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,483 related
    Filer's total
    $0 + $728,553 related

  • PEGGY GIGLIO

    BOARD MEMBER

    Total calculated
    $738
    From this org
    $0
    From related orgs
    $738
    Other
    $0
    Hours/week
    1 + 2 related

  • PETE NOVEMBER

    TRUSTEE

    Total calculated
    $3,953,951
    From this org
    $0
    From related orgs
    $3,923,201
    Other
    $30,750
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,211,021 related
    Bonus
    $0 + $1,496,000 related
    Other
    $0 + $1,216,180 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $23,950 related
    Filer's total
    $0 + $3,953,951 related

  • RICKY MINIEX

    BOARD MEMBER

    Total calculated
    $701
    From this org
    $0
    From related orgs
    $701
    Other
    $0
    Hours/week
    1 + 1 related

  • ROBERT HART MD

    TRUSTEE

    Total calculated
    $2,040,264
    From this org
    $0
    From related orgs
    $2,015,533
    Other
    $24,731
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $971,890 related
    Bonus
    $0 + $980,000 related
    Other
    $0 + $63,643 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $17,931 related
    Filer's total
    $0 + $2,040,264 related

  • WARNER THOMAS

    TRUSTEE (TERM END 11/2022)

    Total calculated
    $11,336,060
    From this org
    $0
    From related orgs
    $10,003,805
    Other
    $1,332,255
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,987,522 related
    Bonus
    $0 + $6,702,500 related
    Other
    $0 + $313,783 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $17,031 related
    Filer's total
    $0 + $10,027,636 related

  • WAYNE CESTIA MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • WILLIAM H FENSTERMAKER

    EMERITUS TRUSTEE NON-VOTING

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JERRY VASCOCU

    TRUSTEE (TERM BEGAN 8/22)

    Total calculated
    $663
    From this org
    $0
    From related orgs
    $663
    Other
    $0
    Hours/week
    1 + 2 related

  • RAMESH KOLLURU

    TRUSTEE (TERM BEGAN 8/22)

    Total calculated
    $668
    From this org
    $0
    From related orgs
    $668
    Other
    $0
    Hours/week
    1 + 1 related

  • CASEY HOYT

    TRUSTEE (TERM BEGAN 8/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • PATRICK W GANDY

    EVP,CEO LGHS, PRESIDENT

    Total calculated
    $939,191
    From this org
    $0
    From related orgs
    $917,458
    Other
    $21,733
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $674,273 related
    Bonus
    $0 + $201,003 related
    Other
    $0 + $42,182 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,733 related
    Filer's total
    $0 + $939,191 related

  • AMANDA C LOGUE MD

    SVP/REGIONAL MEDICAL DIRECTOR

    Total calculated
    $594,151
    From this org
    $0
    From related orgs
    $570,325
    Other
    $23,826
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,537 related
    Bonus
    $0 + $87,809 related
    Other
    $0 + $19,979 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,826 related
    Filer's total
    $0 + $594,151 related

  • ROGER MATTKE

    SVP/CHIEF FINANICAL OFFICER - LGHS

    Total calculated
    $632,797
    From this org
    $0
    From related orgs
    $610,152
    Other
    $22,645
    Hours/week
    0 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,576 related
    Bonus
    $0 + $109,217 related
    Other
    $0 + $16,359 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,645 related
    Filer's total
    $0 + $632,797 related

  • DAVID L CALLECOD

    FORMER BOARD MEMBER

    Total calculated
    $1,121,425
    From this org
    $0
    From related orgs
    $1,091,127
    Other
    $30,298
    Hours/week
    0 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $815,616 related
    Bonus
    $0
    Other
    $0 + $275,511 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $23,498 related
    Filer's total
    $0 + $1,121,425 related

  • DENNIS ESCHETE

    FORMER BOARD MEMBER

    Total calculated
    $139,488
    From this org
    $0
    From related orgs
    $139,488
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $139,488 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $139,488 related

  • PHILIP GACHASSIN

    FORMER BOARD MEMBER

    Total calculated
    $64,500
    From this org
    $0
    From related orgs
    $64,500
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $64,500 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $64,500 related

  • ZIAD ASHKAR

    FORMER KEY EMPLOYEE

    Total calculated
    $581,766
    From this org
    $0
    From related orgs
    $567,147
    Other
    $14,619
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $564,009 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $1,638 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $14,619 related
    Filer's total
    $0 + $581,766 related

  • BRIAN E ETIER JR

    FORMER HIGHEST COMPENSATED

    Total calculated
    $966,356
    From this org
    $0
    From related orgs
    $942,819
    Other
    $23,537
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $937,968 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $3,351 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,537 related
    Filer's total
    $0 + $966,356 related

  • EDWARD YERGER

    FORMER HIGHEST COMPENSATED

    Total calculated
    $942,799
    From this org
    $0
    From related orgs
    $922,806
    Other
    $19,993
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $918,367 related
    Bonus
    $0
    Other
    $0 + $4,439 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $19,993 related
    Filer's total
    $0 + $942,799 related

  • MOHAMAD A ALLAM

    FORMER HIGHEST COMPENSATED

    Total calculated
    $1,321,780
    From this org
    $0
    From related orgs
    $1,298,522
    Other
    $23,258
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,296,234 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $788 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,258 related
    Filer's total
    $0 + $1,321,780 related

  • PAUL BUZHARDT

    FORMER HIGHEST COMPENSATED

    Total calculated
    $946,122
    From this org
    $0
    From related orgs
    $922,666
    Other
    $23,456
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $918,042 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $3,124 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,456 related
    Filer's total
    $0 + $946,122 related

  • VICTOR E TEDESCO

    FORMER HIGHEST COMPENSATED

    Total calculated
    $1,620,962
    From this org
    $0
    From related orgs
    $1,602,082
    Other
    $18,880
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,598,133 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $2,449 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,880 related
    Filer's total
    $0 + $1,620,962 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 OFFICERS OF THE ORGANIZATION ARE NOT COMPENSATED BY THE ORGANIZATION, BUT ARE COMPENSATED BY RELATED ORGANIZATIONS FOR THEIR ROLES AS OFFICERS AND EXECUTIVES OF THE OCHSNER CLINIC FOUNDATION. THE METHODS USED INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACTS, A COMPENSATION SURVEY, AND APPROVAL BY THE COMPENSATION COMMITTEE.
PART I, LINES 4A-B
SCHEDULE J PART I, LINE 4A SEVERANCE PAYMENTS THE FOLLOWING SEVERANCE PAYMENT WAS MADE IN 2022, PURSUANT TO THE TERMS OF A SEPARATION AGREEMENT: * DAVID L CALLECOD, FORMER OFFICER, IN THE AMOUNT OF $119,360.16 SCHEDULE J PART I, LINE 4B THE FOLLOWING PEOPLE PARTICIPATE IN A 457(F) NON-QUALIFIED, UNFUNDED, DEFERRED COMPENSATION PLAN, WHICH WAS ADOPTED IN 2013. THE PLAN ALLOWS FOR ANNUAL FIXED CONTRIBUTIONS BASED ON A PERCENT OF BASE PAY AND SUBJECT TO A THREE-YEAR VESTING REQUIREMENT; AND ANNUAL DISCRETIONARY CONTRIBUTIONS BASED ON A PERCENT OF BASE PAY OR A FLAT-DOLLAR AMOUNT AND SUBJECT TO A THREE-YEAR VESTING REQUIREMENT. FOLLOWING IS A LIST OF PARTICIPANTS AND ANY DISTRIBUTIONS MADE IN 2022: * PATRICK GANDY; NO DISTRIBUTION * AMANDA LOGUE; NO DISTRIBUTION * AL PATIN; NO DISTRIBUTION * ROGER MATTKE; NO DISTRIBUTION SCHEDULE J, PART I, LINE 4B - SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THE FOLLOWING PEOPLE PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) WHICH IS PART OF THE TERMS AND CONDITIONS OF THEIR EMPLOYMENT CONTRACTS WITH OCHSNER CLINIC FOUNDATION AND IS BASED ON A TARGETED REPLACEMENT OF A SET PERCENTAGE OF THEIR SALARY AT AGE 65. THE SERP IS CLASSIFIED AS A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THIS BENEFIT IS FUNDED IN A TRUST ACCOUNT WITH HANCOCK WHITNEY BANK. FOLLOWING IS A LIST OF PARTICIPANTS, THEIR TITLE WITH THE SPONSORING ORGANIZATION, AND ANY DISTRIBUTIONS MADE IN 2022: * WARNER THOMAS, FORMER PRESIDENT AND CHIEF EXECUTIVE OFFICER; $2,791,119 * MICHAEL HULEFELD, PRESIDENT AND CHIEF OPERATING OFFICER; DISTRIBUTION OF $644,307 * PETER NOVEMBER, CHIEF EXECUTIVE OFFICER; DISTRIBUTION OF $515,591 SCHEDULE J, PART I, LINE 4B - SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN LAFAYETTE GENERAL'S CHIEF FINANCIAL OFFICER, ROGER MATTKE, IS PROVIDED WITH A LIFE INSURANCE POLICY WHEREBY PREMIUMS ARE PAID BY THE EMPLOYER, AND PREMIUMS WILL BE RECOVERED AT DEATH OR TERMINATION OF THE AGREEMENT. THE PREMIUMS ARE INCLUDED AS TAXABLE COMPENSATION. TAXATION IS DETERMINED UNDER THE "ECONOMIC BENEFIT" REGIME, UNDER THE "GRANDFATHERING" RULES SET FORTH IN IRS NOTICE 2002-8.

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.

Disregarded entities

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

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
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349309503

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