The Rapides Foundation

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The mission of the Rapides Foundation (trf) is to improve the health status of central louisiana. Trf is a member of Rapides healthcare system LLC, which owns and operates Rapides regional medical center, a 380-bed hospital in alexandria. Additionally, trf provides funding for projects which effectively address the following philanthropic objectives: healthy people - to improve access to healthcare and promote healthy behaviors. Education - to increase the level of educational attainment and achievement as the primary path to improved economic, social and health status. Healthy communities - to improve economic opportunity and family income; and enhance civic and community opportunities for more effective leaders and organizations.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 72-0423603) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 15 volunteers and 42 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $2.2M a year · 13% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
82% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 9% of spending
Pay to officers and key staff is 9% of spending.
Part VII, Section A
3.0 mo
of spending, in cash
Plus $357.0M in investments, Pt X · Ln 11–13
3.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14.0M
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$15.3M
4% of total assets
Liabilities are 4% of assets.
Pt X · Ln 26
Independent board members
15
of 16 voting members
15 of 16 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$10.3M
+40% vs prior year
Spent
$12.4M
To programs
82%
Net assets
$347.7M
By yearFY2020–FY2024
Revenue
$10.3M
FY2024▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$15.0M
FY2021$25.4M
FY2022$30.3M
FY2023$7.3M
FY2024$10.3M
Expenses
$12.4M
FY2024▼ -38%
Tap a bar for its year
Expenses by fiscal year
FY2020$16.8M
FY2021$11.4M
FY2022$16.5M
FY2023$20.1M
FY2024$12.4M
Net assets
$347.7M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$318.6M
FY2021$354.0M
FY2022$309.8M
FY2023$330.6M
FY2024$347.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $10.2M Management & general 18% · $2.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $1.1M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President & CEO
$476,964Pt VII · Sec A
Dir of Admin
$200,757Pt VII · Sec A
Dir of Programs
$199,412Pt VII · Sec A
Dir of Evaluation
$131,190Pt VII · Sec A
Dir of Communications
$99,898Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Joseph R Rosier JR’s $477K as President & CEO is at the 74th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joseph R Rosier JR$476,964$479,856$479,856$447,917$458,988
Kayren Segall$200,757$196,037$184,477$159,885$112,790
Ashley Stewart$199,412$195,157$198,654$189,138$190,863
Kathleen F Nolen————$141,170
Akeshia Singleton$131,190$126,738$121,634$116,990$118,000
Tammy Moreau—$129,998$124,039$118,868$119,984
Tracey Snow————$107,806
Kathy Gunn$99,898————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Rapides Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds grants and programs in Central Louisiana to improve healthcare access, promote healthy behaviors, boost public education, and strengthen local economic opportunities.

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3 programs · $10.2M · in their own filed words · FY2024
01

Education -- during 2024, the rapides foundation provided $1.5 million in grants to the nine public school districts in TRF'S service area. The grants were used for targeted professional development, coaching and mentoring of teachers; leadership development for administrators; and funding to allow the districts to participate in…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 72-0423603) · Dispute this line
$6.5Mprogram expense
02

Healthy people TRF provided chronic care prescription medications for people who cannot afford them through a $1,148,300 two-year grant for the years 2023 and 2024 to its supporting organization, cenla medication access program (cmap).

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 72-0423603) · Dispute this line
$3.7Mprogram expense
03

Acute-care hospital services the rapides foundation is a member of rapides healthcare system LLC (RHS), which owns and operates rapides regional medical center (RRMC), a 345-BED hospital in alexandria, la.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 72-0423603) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$14.0M
Grants paid · 206 grants · $65.6M · 2020–2024
Rapides Parish School BoardFY2024$5,343,750
Natchitoches Parish School BoardFY2024$3,103,165
Louisiana CentralLA · FY2024$1,000,000
The Orchard FoundationLA · FY2024$587,100
Cmap ExpressLA · FY2024$574,942
Cmap ExpressLA · FY2024$569,355
Rapides Parish School BoardFY2024$441,273
The Orchard FoundationLA · FY2024$388,710
Grant Parish School BoardFY2024$338,963
The Orchard FoundationLA · FY2024$284,600
Cmap ExpressLA · FY2024$254,968
Vernon Parish School BoardFY2024$225,000
The Orchard FoundationLA · FY2024$161,945
LSU Health Sciences Center- ShreveportFY2024$145,000
See all 206 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$10.3M
Ln 12
Investment incomeLn 3$13.0M
Money outPt IX
$12.4M
Ln 25
Programscol B$10.2M
Managementcol C$2.3M
Owns and owesPt X
$347.7M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$363.1M
LiabilitiesLn 26$15.3M
PeoplePt VI, VII
20
listed · VII A
PaidVII A5
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$13.0M
Gains on assetsLn 7$6.4M
Total revenueLn 12$10.3M
Assets in detailPt X, end of year
CashLn 1$3.1M
Cash and savings togetherLn 1–2$3.1M
Accounts receivableLn 4$663K
Prepaid expenses and deferred chargesLn 9$134K
Land, buildings, equipmentLn 10c$1.6M
InvestmentsLn 11–13$357.0M
Other assetsLn 15$541K
Total assetsLn 16$363.1M
LiabilitiesLn 26$15.3M
Net assetsLn 32$347.7M
OperationsPt I, VI
EmployeesI 542
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Hospital careSch H · share of total expense
Charity care at costPt I 7a$3.3M · 26.2%
Bad debtPt III 2$229K · 1.8%
Total community benefitPt I 7k$17.7M · 142.4%
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.8M$3.1M
InvestmentsLn 11–13$346.4M$357.0M
Land, buildings, equipmentLn 10c$1.6M$1.6M
Total assetsLn 16$353.0M$363.1M
LiabilitiesLn 26$22.4M$15.3M
Net assetsLn 32$330.6M$347.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.5M$6.5M
Pay of officers and key staff (Part IX, line 5)Ln 5$1.1M$429K$680K
Other salaries and wagesLn 7$429K$113K$316K
Pension plan contributionsLn 8$160K$33K$127K
Other employee benefitsLn 9$192K$43K$149K
Payroll taxesLn 10$101K$22K$80K
Management feesLn 11a$269K$82K$187K
Advertising and promotionLn 12$483K$359K$124K
Office expensesLn 13$37K$7K$30K
Information technologyLn 14$228K$51K$177K
OccupancyLn 16$132K$44K$88K
TravelLn 17$53K$50K$3K
Conferences, conventions and meetingsLn 19$196K$46K$150K
Depreciation, depletion and amortizationLn 22$39K$7K$32K
InsuranceLn 23$51K$9K$43K
Other expenses (24a–d)Ln 24$2.4M$2.3M$82K
Total functional expensesLn 25$12.4M$10.2M$2.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $10.3M$12.4M−$2.2M$347.7M 990 PDF
FY2023Filed with the IRS Dec 5, 2024 $7.3M$20.1M−$12.8M$330.6M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $30.3M$16.5M$13.9M$309.8M 990 PDF
FY2021Filed with the IRS Nov 10, 2022 $25.4M$11.4M$13.9M$354.0M 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $15.0M$16.8M−$1.8M$318.6M 990 PDF

Schedules filed Part IV

A · Public support H · Hospitals I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $10,255,274 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $888,941−$2,726,285
I-10 Investment incomePrior year $6,420,118$12,981,559
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,309,059$10,255,274
I-13 Grants and similar amounts paidPrior year $15,054,378$6,534,393
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,061,156$1,990,263
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,985,517$3,917,849
I-18 Total expensesPrior year $20,101,051$12,442,505
I-19 Revenue less expensesPrior year −$12,791,992−$2,187,231
Part VI · Governance 15 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,255,274 across 3 lines filed
Lines not itemized here account for −$2,726,285 of total revenue; see the IRS return.
VIII-3 Investment incomeExcluded from tax $6,534,991$6,534,991
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,446,568$6,446,568
VIII-12 Total revenueRelated to mission $10,879 · Unrelated business $0 · Excluded from tax $10,244,395$10,255,274
Part IX · Statement of functional expenses $12,442,505 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $6,534,393$6,534,393
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $428,563 · Management $679,658$1,108,221
IX-7 Other salaries and wagesPrograms $112,701 · Management $315,815$428,516
IX-8 Pension plan contributionsPrograms $33,083 · Management $126,967$160,050
IX-9 Other employee benefitsPrograms $43,419 · Management $148,656$192,075
IX-10 Payroll taxesPrograms $21,599 · Management $79,802$101,401
IX-11a Management feesPrograms $82,091 · Management $187,045$269,136
IX-12 Advertising and promotionPrograms $359,494 · Management $123,804$483,298
IX-13 Office expensesPrograms $7,356 · Management $29,784$37,140
IX-14 Information technologyPrograms $50,597 · Management $177,038$227,635
IX-16 OccupancyPrograms $44,329 · Management $87,546$131,875
IX-17 TravelPrograms $49,967 · Management $3,253$53,220
IX-19 Conferences, conventions and meetingsPrograms $45,606 · Management $150,165$195,771
IX-22 Depreciation, depletion and amortizationPrograms $6,646 · Management $31,869$38,515
IX-23 InsurancePrograms $8,874 · Management $42,553$51,427
IX-24 Other expenses (24a–d)Programs $2,347,688 · Management $82,144$2,429,832
IX-25 Total functional expensesPrograms $10,176,406 · Management $2,266,099 · Fundraising $0$12,442,505
Part X · Balance sheet $363,056,628 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $3,772,008$3,110,695
X-4 Accounts receivableStart of year $578,525$662,967
X-9 Prepaid expenses and deferred chargesStart of year $198,387$134,428
X-10c Land, buildings and equipment, netStart of year $1,608,182$1,557,167
X-11 Publicly traded securitiesStart of year $305,727,891$326,342,779
X-13 Program-related investmentsStart of year $40,707,266$30,707,211
X-15 Other assetsStart of year $405,713$541,381
X-16 Total assetsStart of year $352,997,972$363,056,628
X-17 Accounts payable and accrued expensesStart of year $1,423,143$603,019
X-18 Grants payableStart of year $20,329,803$14,028,188
X-25 Other liabilitiesStart of year $659,726$716,450
X-26 Total liabilitiesStart of year $22,412,672$15,347,657
X-27 Net assets without donor restrictionsStart of year $330,585,300$347,708,971
X-32 Total net assets or fund balancesStart of year $330,585,300$347,708,971
X-33 Total liabilities and net assetsStart of year $352,997,972$363,056,628
Part XI · Reconciliation of net assets $347,708,971 net assets at year end
XI-1 Total revenue$10,255,274
XI-2 Total expenses$12,442,505
XI-3 Revenue less expenses−$2,187,231
XI-4 Net assets at start of year$330,585,300
XI-5 Net unrealized gains (losses) on investments$19,310,902
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$347,708,971

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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