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Nonprofiteer
← LAFAYETTE GENERAL FOUNDATION INC

Form 990 for tax year 2024

Filed by LAFAYETTE GENERAL FOUNDATION INC.

Totals

Total revenue
$860,798
Total expenses
$832,528
Contributions and grants received
$764,134
Grants paid
$87,170
Program service revenue
$147,335
Investment income
-$22,257
Other revenue
-$28,414
Total assets, end of year
$21,298,924
Total liabilities, end of year
$6,766,299
Net assets or fund balances, end of year
$14,532,625
Program services expenses (Part IX)
$567,031
Management and general expenses
$31,672
Fundraising expenses
$233,825
Program service expenses (Part III)
$567,031

Program services were 68.1% 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

    $764,134

  • 1g · Noncash contributions included above

    $1,100

  • 2a · Program service revenue: REVENUE FROM RELATED ORG

    total $147,335 · related or exempt $147,335

  • 3 · Investment income

    total $496,119 · excluded $496,119

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

    securities $518,376

  • 7c · Gain or loss

    securities -$518,376

  • 7d · Net gain or loss

    total -$518,376 · excluded -$518,376

  • 11a · Other revenue: JV EQUITY INTEREST

    total -$28,414 · unrelated business -$28,521 · excluded $107

  • 11e · Other revenue, total

    -$28,414

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $79,670 · program services $79,670

  • 2 · Grants to domestic individuals

    total $7,500 · program services $7,500

  • 7 · Other salaries and wages

    total $179,520 · management and general $30,000 · fundraising $149,520

  • 8 · Pension plan contributions

    total $2,325 · program services $1,704 · management and general $621

  • 9 · Other employee benefits

    total $43,717 · program services $31,418 · fundraising $12,299

  • 10 · Payroll taxes

    total $15,667 · program services $2,581 · fundraising $13,086

  • 11a · Fees: management

    total $93,328 · program services $93,328

  • 11f · Fees: investment management

    total $32,986 · fundraising $32,986

  • 11g · Fees: other

    total $58,205 · program services $53,675 · management and general $1,051 · fundraising $3,479

  • 12 · Advertising and promotion

    total $107,554 · program services $107,324 · fundraising $230

  • 13 · Office expenses

    total $30,461 · program services $26,368 · fundraising $4,093

  • 14 · Information technology

    total $168 · fundraising $168

  • 17 · Travel

    total $163 · fundraising $163

  • 18 · Travel or entertainment for public officials

    total $749 · fundraising $749

  • 19 · Conferences, conventions and meetings

    total $18,046 · program services $2,496 · fundraising $15,550

  • 22 · Depreciation, depletion and amortization

    total $132,334 · program services $132,334

  • 24a · Other expenses: UBIT

    total -$14 · fundraising -$14

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

    total $25,155 · program services $25,155

  • 24c · Other expenses: LICENSES AND TAXES

    total $1,800 · program services $1,738 · fundraising $62

  • 24d · Other expenses: MISCELLANEOUS

    total $1,711 · program services $1,711

  • 24e · All other expenses

    total $1,483 · program services $29 · fundraising $1,454

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,675,224 · end of year $801,223

  • 3 · Pledges and grants receivable

    beginning of year $132,259 · end of year $63,904

  • 4 · Accounts receivable

    beginning of year $19,467 · end of year $1,079

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

    $2,788,352

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

    $443,370

  • 10c · Land, buildings and equipment, net

    beginning of year $2,477,316 · end of year $2,344,982

  • 11 · Investments: publicly traded securities

    beginning of year $10,233,634 · end of year $14,762,736

  • 15 · Other assets

    beginning of year $3,050,000 · end of year $3,325,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,926 · end of year $672

  • 25 · Other liabilities

    beginning of year $6,200,905 · end of year $6,765,627

  • 27 · Net assets without donor restrictions

    beginning of year $8,363,532 · end of year $11,141,025

  • 28 · Net assets with donor restrictions

    beginning of year $3,019,537 · end of year $3,391,600

Mission and programs · 2024

Mission

THE LAFAYETTE GENERAL FOUNDATION WAS CREATED TO SUPPORT LAFAYETTE GENERAL HEALTH (LGH), ACADIANA'S ONLY COMMUNITY-OWNED, NONPROFIT HEALTH SYSTEM. WE EXIST TO HELP FULFILL LGH'S MISSION, TO RESTORE, MAINTAIN, AND IMPROVE HEALTH. OUR ROLE IS TO FIND AND CONNECT THE PIECES, PEOPLE AND PROCESSES WITH OUR RESOURCES, OUR SUPPORTERS AND OUR HEADS AND HEARTS. WITH THE GENEROSITY OF OUR SUPPORTERS AND DONORS, AND BY EAGERLY LISTENING TO OUR STAFF, PATIENTS AND OUR COMMUNITY, WE HELP PROVIDE INNOVATIONS THAT TRANSFORM HOW CARE IS DELIVERED. WE FUNDRAISE, BOOST PROJECTS AND AIM TO IMPROVE OUTCOMES SATISFACTION AND CREATE A HEALTHIER FUTURE FOR ALL.

Activities or mission (Part I)

THE LAFAYETTE GENERAL FOUNDATION WAS CREATED TO SUPPORT LAFAYETTE GENERAL HEALTH (LGH), ACADIANA'S ONLY COMMUNITY-OWNED, NONPROFIT HEALTH SYSTEM. WE EXIST TO HELP FULFILL LGH'S MISSION, TO RESTORE, MAINTAIN AND IMPROVE HEALTH. OUR ROLE IS TO FIND AND CONNECT THE PIECES, PEOPLE AND PROCESSES WITH OUR RESOURCES, OUR SUPPORTERS AND OUR HEADS AND HEARTS. WITH THE GENEROSITY OF OUR SUPPORTERS AND DONORS, AND BY EAGERLY LISTENING TO OUR STAFF, PATIENTS AND OUR COMMUNITY, WE HELP PROVIDE INNOVATIONS THAT TRANSFORM HOW CARE IS DELIVERED. WE FUNDRAISE, BOOST PROJECTS AND AIM TO IMPROVE OUTCOMES, SATISFACTION AND CREATE A HEALTHIER FUTURE FOR ALL.

  • THE LAFAYETTE GENERAL FOUNDATION WAS CREATED TO SUPPORT LAFAYETTE SYSTEM. WE EXIST TO HELP FULFILL LGH'S MISSION, TO RESTORE, MAINTAIN AND IMPROVE HEALTH. OUR ROLE IS TO FIND AND CONNECT THE PIECES, PEOPLE AND PROCESSES WITH OUR RESOURCES, OUR SUPPORTERS AND OUR HEADS AND HEARTS. WITH THE GENEROSITY OF OUR SUPPORTERS AND DONORS, AND BY EAGERLY LISTENING TO OUR STAFF, PATIENTS AND OUR COMMUNITY, WE HELP PROVIDE INNOVATIONS THAT TRANSFORM HOW CARE IS DELIVERED. WE FUNDRAISE, BOOST PROJECTS AND AIM TO IMPROVE OUTCOMES SATISFACTION AND CREATE A HEALTHIER FUTURE FOR ALL.

    Expenses $567,031 · Grants $87,170 · Revenue $147,335

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

Listed in Part VII

  • CASEY HOYT

    TRUSTEE

    Total calculated
    $134
    From this org
    $0
    From related orgs
    $67
    Other
    $67
    Hours/week
    1 + 2 related

  • JASON A BREAUX MD

    TRUSTEE

    Total calculated
    $957,882
    From this org
    $0
    From related orgs
    $848,509
    Other
    $109,373
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $780,717 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $66,292 related
    Deferred
    $0 + $82,668 related
    Nontaxable benefits
    $0 + $26,705 related
    Filer's total
    $0 + $957,882 related

  • JERRY VASCOCU

    TRUSTEE/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JOHN P SCHUTTE MD

    TRUSTEE/CHAIRMAN

    Total calculated
    $409,049
    From this org
    $0
    From related orgs
    $383,213
    Other
    $25,836
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,687 related
    Bonus
    $0
    Other
    $0 + $78,526 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $19,036 related
    Filer's total
    $0 + $409,049 related

  • MERILYN CRAIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NANCY D BROADHURST

    TRUSTEE (NON VOTING)

    Total calculated
    $174,133
    From this org
    $0
    From related orgs
    $159,393
    Other
    $14,740
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,634 related
    Bonus
    $0 + $23,257 related
    Other
    $0 + $3,502 related
    Deferred
    $0 + $5,929 related
    Nontaxable benefits
    $0 + $8,864 related
    Filer's total
    $0 + $174,186 related

  • PATRICK W GANDY

    EX OFFICIO (NON VOTING)

    Total calculated
    $1,218,547
    From this org
    $0
    From related orgs
    $1,109,496
    Other
    $109,051
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $714,166 related
    Bonus
    $0 + $290,309 related
    Other
    $0 + $105,021 related
    Deferred
    $0 + $80,362 related
    Nontaxable benefits
    $0 + $28,689 related
    Filer's total
    $0 + $1,218,547 related

  • SHAUNDRA GRISBY MD

    TRUSTEE/SECRETARY

    Total calculated
    $517,123
    From this org
    $0
    From related orgs
    $500,866
    Other
    $16,257
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $449,952 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $914 related
    Deferred
    $0 + $6,800 related
    Nontaxable benefits
    $0 + $9,457 related
    Filer's total
    $0 + $517,123 related

  • PEGGY GIGLIO

    TRUSTEE

    Total calculated
    $134
    From this org
    $0
    From related orgs
    $67
    Other
    $67
    Hours/week
    1 + 3 related

  • RICHARD MOODY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TYRON PICARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOE SPELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID L CALLECOD

    FORMER OFFICER

    Total calculated
    $922,002
    From this org
    $0
    From related orgs
    $919,789
    Other
    $2,213
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $58,790 related
    Bonus
    $0
    Other
    $0 + $860,999 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,213 related
    Filer's total
    $0 + $922,002 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

  • 2 · Substantiation required before reimbursing expenses
  • 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 2024, PURSUANT TO THE TERMS OF A SEPARATION AGREEMENT: * DAVID L CALLECOD, FORMER OFFICER, IN THE AMOUNT OF $859,942.32 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 PREDETERMINED ANNUAL AMOUNT AND SUBJECT TO A SPECIFIED VESTING SCHEDULE FOR EACH PARTICIPANT. FOLLOWING IS A LIST OF PARTICIPANTS AND ANY DISTRIBUTIONS MADE IN 2024: * PATRICK W. GANDY; $69,949

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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533189349316018

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