Form 990 for tax year 2022
Filed by LSU HEALTH SCIENCES BUILDING FOUNDATION IN SHREVEPORT.
Totals
- Total revenue
- -$11,147
- Total expenses
- $259,082
- Contributions and grants received
- $0
- Grants paid
- $259,082
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- -$11,147
- Total assets, end of year
- $4,466,925
- Total liabilities, end of year
- $6,993,702
- Net assets or fund balances, end of year
- -$2,526,777
- Program services expenses (Part IX)
- $259,082
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $259,082
Program services were 100.0% 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.
-
6a · Gross rents
real property $144,675
-
6b · Less rental expenses
real property $155,822
-
6c · Rental income or loss
real property -$11,147
-
6d · Net rental income or loss
total -$11,147 · related or exempt -$11,147
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $259,082 · program services $259,082
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $309,878 · end of year $282,182
-
4 · Accounts receivable
beginning of year $460 · end of year $460
-
9 · Prepaid expenses and deferred charges
beginning of year $512 · end of year $424
-
10a · Land, buildings and equipment: cost or other basis
$5,052,436
-
10b · Land, buildings and equipment: accumulated depreciation
$868,670
-
10c · Land, buildings and equipment, net
beginning of year $4,407,472 · end of year $4,183,766
-
15 · Other assets
beginning of year $93 · end of year $93
-
17 · Accounts payable and accrued expenses
beginning of year $3,209 · end of year $4,549
-
25 · Other liabilities
beginning of year $6,971,755 · end of year $6,989,153
-
27 · Net assets without donor restrictions
beginning of year -$2,256,549 · end of year -$2,526,777
Mission and programs · 2022
Mission
ALL FUNCTIONS OF THE FOUNDATION ARE DEDICATED TO SUPPORTING LSU HEALTH SCIENCES CENTER AT SHREVEPORT.
Activities or mission (Part I)
OUR MISSION IS TO INSPIRE DONORS TO INVEST IN LSU HEALTH SHREVEPORT AND STEWARD CONTRIBUTIONS TOWARD ITS SUPPORT. THE FOUNDATION WILL ACQUIRE, HOLD, ENCUMBER, IMPROVE, LEASE, DONATE AND/OR SELL REAL PROPERTY ON BEHALF OF THE RELATED ORGANIZATION, THE LSU HEALTH SCIENCES FOUNDATION. ALL SUCH REAL PROPERTY SHALL BE FOR THE SOLE USE OF THE LOUISIANA STATE UNIVERSITY HEALTH SCIENCES CENTER AT SHREVEPORT.
-
THE LSU HEALTH SCIENCES BUILDING FOUNDATION HOLDS PROPERTY IN ORDER TO PRESERVE DONOR FUNDS FOR THE BENEFIT OF LSU HEALTH SCIENCES CENTER.
Expenses $259,082 · Grants $259,082
As filed on the 2022 return.
Listed in Part VII
-
Lee Abraham III MDLEE ABRAHAM III MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
David AbdehouDAVID ABDEHOU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Michael BusadaMICHAEL BUSADA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Patrick HarrisonPATRICK HARRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
James Hobley MDJAMES HOBLEY MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Jerry JonesJERRY JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Rob King IIIROB KING III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Bill ComegysBILL COMEGYS
VICE CHAIR/INVESTMENT CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Ray LasseigneRAY LASSEIGNE
TREASURER/FINANCE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Ashley PrinceASHLEY PRINCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Nancy GermanyNANCY GERMANY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Bubba RasberryBUBBA RASBERRY
DIRECTOR/GOVERNANCE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Shane BridgesSHANE BRIDGES
DIRECTOR/PROPERTY CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Mark GarrettMARK GARRETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Dennis O'CallaghanDENNIS O'CALLAGHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Valarie JamisonVALARIE JAMISON
SECRETARY/AUDIT CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
John EvansJOHN EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Tom Ostendorff IIITOM OSTENDORFF III
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Susan MoffitSUSAN MOFFIT
DIRECTOR/DEVELOPMENT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Armand RoosARMAND ROOS
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Donald PosnerDONALD POSNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Kevin FloodKEVIN FLOOD
PRESIDENT & CEO
- Total calculated
- $184,734
- From this org
- $0
- From related orgs
- $168,766
- Other
- $15,968
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $168,766 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $15,968 related
- Filer's total
- $0 + $184,734 related
-
Brigette RoseBRIGETTE ROSE
CFO
- Total calculated
- $169,040
- From this org
- $0
- From related orgs
- $154,290
- Other
- $14,750
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $154,290 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $14,750 related
- Filer's total
- $0 + $169,040 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
None.
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
The filer's explanations (Part III)
- PART I, LINE 3
- THE RELATED ORGANIZATION - LSU HEALTH SCIENCES FOUNDATION SHREVEPORT - USES THE FOLLOWING TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
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
-
LSU HEALTH SCIENCES CENTER SHREVEPORT
$0
DONATION OF LAND FOR ADDITIONAL BUILDING
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 FOUNDATION SHREVEPORT
501(C)(3) · INSPIRE DONORS TO INVEST IN LSU HEALTH SCIENCES CENTER SHREVEPORT · LA
-
LSU HEALTH SCIENCES CENTER SHREVEPORT
501(C)(3) · MEDICAL SCHOOL · LA
-
LOUISIANA STRATEGIC RESEARCH INITIATIVE
501(C)(3) · SUPPORT RESEARCH AT LSU HEALTH SCIENCES CENTER SHREVEPORT · LA
Directly controlled by LSU HEALTH SCIENCES FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421359349306077
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