Lourdes Foundation INC EIN 59-2632080 Form 990 (PDF) Claim this org

Lourdes Foundation INC

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Raises funds to support compassionate elder care in a home-like environment. For fiscal year 2024 it reported $150K in revenue, $13K in expenses, and $676K in net assets.Pt I

Type
Supporting organization · Foundations & Grantmakers
Location
West Palm Bch, FL
Website
www.lourdesmckeen.org
Filings
5 on file (2020–2024)
Revenue
$150KFY2024
Expenses
$13K
Net assets
$676K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  59-2632080 Supporting organization West Palm Bch, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Raises funds to support compassionate elder care in a home-like environment.
Leadership
Money in and out
$150K revenue, $13K expenses
Bottom line
+92% net inflow
Money in and out · FY2024
Total revenue
$150K
Pt VIII · Ln 12
Total expenses
$13K
Pt IX · Ln 25
Net assets
$676K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $137K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Net inflow
+92%
revenue over expenses, this year▲ +141% vs prior filing year
Pass-through gifts
83%
of revenue from contributions▲ +0.9% vs prior filing year
Program spending
89%
of expenses reach stated programs▼ -11% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$150K
FY2024▼ -19%
Expenses
$13K
FY2024▼ -98%
Total assets
$677K
FY2024▲ +27%
Total liabilities
$525
FY2024
Total revenue
$150K
Pt VIII · Ln 12
Total expenses
$13K
Pt IX · Ln 25
Net assets
$676K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$137K
Total assetsPt X · Ln 16$677K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLourdes Foundation INC
EINHdr · item D59-2632080
Principal addressHdr · item CWest Palm Bch, FL
WebsiteHdr · item Jwww.lourdesmckeen.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T70Z)
Ruling yearIRS BMFMar 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $11K of program spending, described in the organization's own filed words · FY2024.
01

The lourdes foundation was established in 1985 for the benefit of its affiliated tax-exempt entity, lourdes-noreen mckeen residence for geriatric care, inc. The lourdes foundation solicits, receives, and invests all grants, contributions, and pledges; and conducts fundraising for capital expansion, renovation, and the encouragement of…

$11Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$125K · 83%
Investment income$25K · 17%
Contributions & grants83%$125K
Investment income17%$25K
Total revenueLn 12$150K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$11K
Management & general11%$1K
Total functional expensesLn 25$13K

Balance Sheet

Part X · end of year
CashLn 1$332K
Total assetsLn 16$677K
Total liabilitiesLn 26$525
Total net assetsLn 32$676K
Months of cash on handcomputed313.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $677K · Operating expenses/yr $13K
638.5 months
Where the money goes
Program services
Program services $11K · Total expenses $13K
89%
Management & General
Management & general $1K · Total expenses $13K
11%
Fundraising
Fundraising $0 · Total expenses $13K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $100K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $125K · Total revenue $150K
83%
Government reliance
Government grants — · Total revenue $150K
Earned-income share
Program service revenue $0 · Total revenue $150K
0%
Investment reliance
Investment income $25K · Total revenue $150K
+17%
Program self-sufficiency
Program service revenue $0 · Total expenses $13K
0%
Growth & trend
Revenue growth (YoY)
This year $150K · Prior year $185K
-19%
Revenue CAGR
FY2020 $336K · FY2024 $150K
-18%
Net-asset trend (YoY)
End of year $676K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $150K · Expenses $13K
+92%
Liabilities-to-Assets
Total liabilities — · Total assets $677K
Net-asset ratio
Net assets $676K · Total assets $677K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $345K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $677K
51%
People & payroll
Highest Reported Total Compensation
Individual Mother Mary Rose Heery · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $13K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $13K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth -19%
Investment management fee ratio 0.1%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $610K · 2023–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$150K revenue · viewing · ⤓ 990 PDF
FY2023$185K revenue · ⤓ 990 PDF
FY2022$68K revenue · ⤓ 990 PDF
FY2021$60K revenue · ⤓ 990 PDF
FY2020$336K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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