The Rapides Foundation FY2020 filing

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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, FY2020. 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.
93¢ of each $1 spent went to programs.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
93%
of spending
93% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 7% of spending
Pay to officers and key staff is 7% of spending.
Part VII, Section A
6.9 mo
of spending, in cash
Plus $320.4M in investments, Pt X · Ln 11–13
6.9 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
$13.0M
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
$15.0M
Spent
$16.8M
To programs
93%
Net assets
$318.6M
By yearFY2020–FY2024
Revenue
$15.0M
FY2020
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
$16.8M
FY2020
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
$318.6M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

93 cents of each dollar spent went to programs.

Program services 93% · $15.6M Management & general 7% · $1.2M

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

22 people listed on the 990; $1.2M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President & CEO
$458,988Pt VII · Sec A
Dir of Programs
$190,863Pt VII · Sec A
Dir of Admin
$141,170Pt VII · Sec A
Dir of Communications
$119,984Pt VII · Sec A
$118,000Pt VII · Sec A
Dir of Admin
$112,790Pt VII · Sec A
SR. Program Officer
$107,806Pt 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 · $9.3M · in their own filed words · FY2020
01

Healthy People

TRF provided chronic care prescription medications for people who cannot afford them through a $554,000 grant in 2020 to its supporting organization, cenla medication access program (cmap). Cmap's patient assistance program (pap) locates cmap staff near physician offices throughout cmap's primary nine-parish service area.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 72-0423603) · Dispute this line
$5.2Mprogram expense
02

Education -- during 2020 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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 72-0423603) · Dispute this line
$4.1Mprogram 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 380-BED hospital in alexandria, la.

Form 990 Part III, line 4, FY2020. 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$15.0M
Ln 12
Other incomeLn 4–11$6.9M
Fees for servicesLn 2g$5.5M
Investment incomeLn 3$2.6M
Money outPt IX
$16.8M
Ln 25
Programscol B$15.6M
Managementcol C$1.2M
Owns and owesPt X
$318.6M
net assets · Ln 32
Cash and savingsLn 1–2$9.6M
Total assetsLn 16$331.6M
LiabilitiesLn 26$13.0M
PeoplePt VI, VII
22
listed · VII A
PaidVII A7
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$5.5M
Investment incomeLn 3$2.6M
Other incomeLn 4–11$6.9M
Gains on assetsLn 7$6.7M
Total revenueLn 12$15.0M
Assets in detailPt X, end of year
CashLn 1$9.6M
Cash and savings togetherLn 1–2$9.6M
Accounts receivableLn 4$2K
Prepaid expenses and deferred chargesLn 9$31K
Land, buildings, equipmentLn 10c$1.3M
InvestmentsLn 11–13$320.4M
Other assetsLn 15$246K
Total assetsLn 16$331.6M
LiabilitiesLn 26$13.0M
Net assetsLn 32$318.6M
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$1.3M · 7.6%
Bad debtPt III 2$180K · 1.1%
Total community benefitPt I 7k$17.6M · 105.0%
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.7M$9.6M
InvestmentsLn 11–13$301.7M$320.4M
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$306.8M$331.6M
LiabilitiesLn 26$5.4M$13.0M
Net assetsLn 32$301.5M$318.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$13.8M$13.8M
Pay of officers and key staff (Part IX, line 5)Ln 5$478K$46K$432K
Other salaries and wagesLn 7$682K$499K$183K
Pension plan contributionsLn 8$136K$57K$79K
Other employee benefitsLn 9$69K$33K$36K
Payroll taxesLn 10$77K$33K$44K
Legal feesLn 11b$24K$5K$19K
Accounting feesLn 11c$46K$10K$36K
Other fees for servicesLn 11g$74K$74K
Advertising and promotionLn 12$654K$580K$74K
Office expensesLn 13$40K$19K$21K
Information technologyLn 14$150K$62K$88K
OccupancyLn 16$85K$48K$37K
TravelLn 17$4K$4K$162
Conferences, conventions and meetingsLn 19$35K$15K$21K
Depreciation, depletion and amortizationLn 22$47K$18K$29K
InsuranceLn 23$33K$12K$21K
Other expenses (24a–d)Ln 24$383K$347K$36K
Total functional expensesLn 25$16.8M$15.6M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2020 ViewingFiled 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 FY2020 990
Part I · Summary $14,988,171 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$1,000
I-9 Program service revenuePrior year $5,089,713$5,527,138
I-10 Investment incomePrior year $11,363,332$9,306,921
I-11 Other revenuePrior year $271,884$153,112
I-12 Total revenuePrior year $16,724,929$14,988,171
I-13 Grants and similar amounts paidPrior year $7,580,811$13,755,101
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,576,557$1,441,388
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,231,117$1,573,556
I-18 Total expensesPrior year $11,388,485$16,770,045
I-19 Revenue less expensesPrior year $5,336,444−$1,781,874
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 $14,988,171 across 6 lines filed
Lines not itemized here account for $5,527,138 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,000
VIII-1h Total contributions, gifts and grants$1,000
VIII-3 Investment incomeExcluded from tax $2,562,025$2,562,025
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,744,896$6,744,896
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $153,112$153,112
VIII-12 Total revenueRelated to mission $5,680,250 · Unrelated business $0 · Excluded from tax $9,306,921$14,988,171
Part IX · Statement of functional expenses $16,770,045 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $13,755,101$13,755,101
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $46,078 · Management $431,910$477,988
IX-7 Other salaries and wagesPrograms $498,711 · Management $183,094$681,805
IX-8 Pension plan contributionsPrograms $56,670 · Management $79,481$136,151
IX-9 Other employee benefitsPrograms $32,726 · Management $36,008$68,734
IX-10 Payroll taxesPrograms $33,109 · Management $43,601$76,710
IX-11b Legal feesPrograms $4,920 · Management $18,758$23,678
IX-11c Accounting feesPrograms $9,558 · Management $36,437$45,995
IX-11g Other fees for servicesPrograms $73,681$73,681
IX-12 Advertising and promotionPrograms $580,088 · Management $74,040$654,128
IX-13 Office expensesPrograms $18,874 · Management $20,873$39,747
IX-14 Information technologyPrograms $61,761 · Management $88,040$149,801
IX-16 OccupancyPrograms $47,520 · Management $37,150$84,670
IX-17 TravelPrograms $3,849 · Management $162$4,011
IX-19 Conferences, conventions and meetingsPrograms $14,601 · Management $20,801$35,402
IX-22 Depreciation, depletion and amortizationPrograms $17,504 · Management $29,396$46,900
IX-23 InsurancePrograms $12,238 · Management $20,552$32,790
IX-24 Other expenses (24a–d)Programs $347,035 · Management $35,718$382,753
IX-25 Total functional expensesPrograms $15,614,024 · Management $1,156,021 · Fundraising $0$16,770,045
Part X · Balance sheet $331,600,505 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $3,695,828$9,633,811
X-4 Accounts receivableStart of year $2,799$1,658
X-9 Prepaid expenses and deferred chargesStart of year $24,444$31,493
X-10c Land, buildings and equipment, netStart of year $1,397,719$1,305,230
X-11 Publicly traded securitiesStart of year $261,944,974$285,184,441
X-13 Program-related investmentsStart of year $39,706,423$35,197,984
X-15 Other assetsStart of year $62,679$245,888
X-16 Total assetsStart of year $306,834,866$331,600,505
X-17 Accounts payable and accrued expensesStart of year $308,322$376,291
X-18 Grants payableStart of year $5,013,111$12,500,343
X-25 Other liabilitiesStart of year $62,679$93,906
X-26 Total liabilitiesStart of year $5,384,112$12,970,540
X-27 Net assets without donor restrictionsStart of year $301,450,754$318,629,965
X-32 Total net assets or fund balancesStart of year $301,450,754$318,629,965
X-33 Total liabilities and net assetsStart of year $306,834,866$331,600,505
Part XI · Reconciliation of net assets $318,629,965 net assets at year end
XI-1 Total revenue$14,988,171
XI-2 Total expenses$16,770,045
XI-3 Revenue less expenses−$1,781,874
XI-4 Net assets at start of year$301,450,754
XI-5 Net unrealized gains (losses) on investments$18,961,085
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$318,629,965

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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