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Nonprofiteer
← XAVIER OCHSNER COLLEGE OF MEDICINE

Form 990 for tax year 2024

Filed by XAVIER OCHSNER COLLEGE OF MEDICINE.

Totals

Total revenue
$2,935,809
Total expenses
$2,111,311
Contributions and grants received
$2,935,809
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,093,919
Total liabilities, end of year
$4,269,421
Net assets or fund balances, end of year
$824,498
Program services expenses (Part IX)
$0
Management and general expenses
$2,099,882
Fundraising expenses
$11,429
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $2,935,809

  • 1g · Noncash contributions included above

    $444,939

Functional expenses

Part IX, the statement of functional expenses.

  • 12 · Advertising and promotion

    total $6,499 · management and general $2,832 · fundraising $3,667

  • 14 · Information technology

    total $405 · management and general $405

  • 16 · Occupancy

    total $14,332 · management and general $14,332

  • 19 · Conferences, conventions and meetings

    total $5,162 · management and general $5,162

  • 24a · Other expenses: DONATED SERVICES

    total $1,134,164 · management and general $1,134,164

  • 24b · Other expenses: CONSULTING

    total $749,280 · management and general $744,083 · fundraising $5,197

  • 24c · Other expenses: ALL OTHER ENPENSES

    total $176,469 · management and general $173,904 · fundraising $2,565

  • 24d · Other expenses: MEMBERSHIPS

    total $25,000 · management and general $25,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $2,079,353

  • 2 · Savings and temporary cash investments

    end of year $3,014,566

  • 17 · Accounts payable and accrued expenses

    end of year $4,269,421

  • 27 · Net assets without donor restrictions

    end of year $824,498

Mission and programs · 2024

Mission

IN PURSUIT OF A MORE JUST AND HUMANE SOCIETY. XOCOM'S MISSION IS TO EDUCATE AND TRAIN DIVERSE PHYSICIAN LEADERS COMMITTED TO HEALTH EQUITY, INNOVATION AND THE REIMAGINATION OF HEALTHCARE TO IMPROVE OUTCOMES FOR ALL THROUGH OUTSTANDING EDUCATION, CLINICAL CARE AND RESEARCH.

  • IN PURSUIT OF A MORE JUST AND HUMANE SOCIETY. XOCOM'S MISSION IS TO EDUCATE AND TRAIN DIVERSE PHYSICIAN LEADERS COMMITTED TO HEALTH EQUITY, INNOVATION AND THE REIMAGINATION OF HEALTHCARE TO IMPROVE OUTCOMES FOR ALL THROUGH OUTSTANDING EDUCATION, CLINICAL CARE AND RESEARCH.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Reynold Verrett

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Pete November

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Garry Butts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Michael Block

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Greg Rattler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Veronica Gillispie Bell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Trevonne Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Deborah Grimes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Leonardo Seoane

    OFFICER

    Total calculated
    $0
    Hours/week
    25

  • Edward Phillips

    OFFICER

    Total calculated
    $0
    Hours/week
    25

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 May 2025
IRS schema version
2024v5.0
Source object
202601349349300740

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