Ochsner Clinic Foundation: Nonprofit Profile, Financials & Form 990 (EIN 72-0502505)

Revenue by fiscal year
FY2020	$4.2B
FY2021	$4.9B
FY2022	$5.1B
FY2023	$5.4B
FY2024	$6.0B

Expenses by fiscal year
FY2020	$4.0B
FY2021	$4.7B
FY2022	$5.0B
FY2023	$5.0B
FY2024	$5.7B

Net assets by fiscal year
FY2020	$1.8B
FY2021	$2.2B
FY2022	$2.5B
FY2023	$2.9B
FY2024	$3.2B

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1944.

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

Where the money goes

81 cents of each dollar spent went to programs.

81%

19%

Program services 81% · $4.6B Management & general 19% · $1.1B Fundraising 0% · $5.8M

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

46 people listed on the 990; $55.2M paid to officers and key staff.

Part VII, Section A · reportable compensation

Benjamin B Peeler MD

SR Physician-Section Head

$6,742,839Pt VII · Sec A

Peter C November

CEO/Board Member

$6,112,385Pt VII · Sec A

Robert I Hart MD

Chief Phys Exec & Pres, Och Clinic

$4,182,299Pt VII · Sec A

Michael F Hulefeld

President & Chief Operating Officer

$3,695,089Pt VII · Sec A

Tracey T Schiro

Evp-Chief People & Culture Officer

$3,385,647Pt VII · Sec A

Mohamad a Allam MD

Physician

$3,197,542Pt VII · Sec A

James Molloy

Evp-CFO and Treasurer

$2,583,583Pt VII · Sec A

Cuong Q Bui MD

Board Member/Senior Physician

$2,129,951Pt VII · Sec A

Benjamin B Peeler MD’s $6.7M as SR Physician-Section Head is at the 98th percentile of top reported officer pay among 1747 $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

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Warner L Thomas	—	—	$10,003,805	$9,155,980	$6,050,128
Benjamin B Peeler MD	$6,742,839	$2,893,969	$2,671,193	$2,204,567	$2,197,549
Peter C November	$6,112,385	$4,183,651	$3,923,201	$2,198,415	$1,936,112
Michael F Hulefeld	$3,695,089	$3,305,352	$4,486,995	$2,201,605	$1,891,907
Robert I Hart MD	$4,182,299	$2,701,841	$2,015,533	$2,401,191	$1,450,751
Victor Tedesco MD	—	$3,705,388	$1,602,082	—	—
Scott J Posecai	$1,191,838	$1,687,086	$2,445,735	$3,619,506	$1,494,231
Tracey T Schiro	$3,385,647	—	—	—	—

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.

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Questions the 990 asks

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

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Delivers patient care, conducts medical research through hundreds of clinical trials, and provides graduate medical education to train the next generation of healthcare professionals.

Provided by the organization

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3 program services account for $4.6B of program spending, described in the organization's own filed words · FY2024.

01

Patient Care/Patient Medical Services

Ochsner clinic foundation consists of six hospitals at eleven campuses and many clinical locations. Served 72,118 inpatients resulting in 344,905 patient days. Emergency room visits totaled 608,545. The number of births totaled 11,671. Outpatient hospital visits totaled 1,606,307. Physician clinic visits total 4,263,864.

$4.5Bprogram expense

02

Division of Academics

Since 1944, academics has been an integral component of the mission, visions and strategy of the ochsner organization. The division of academics, encompassing both medical education and research, adds emphasis, intellectual capital, and focus to ochsner's mission to lead, educate, and innovate, with the primary focus of providing the…

$50.7Mprogram expense

03

Medical Research

Currently, ochsner clinic foundation operates four basic science research laboratories with nearly 600 active clinical trials in 40 clinical areas. Over 8,000 patients participate in ochsner clinical research annually.

$33.2Mprogram expense

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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 · FY2025

Huntington's Disease Society of America INCFY2025$27K

Sarracenia Foundation INCFY2025$5K

Total grants receivedfrom 2 funders$32K

Grants paid · 407 grants · $42.5M · 2020–2024

University of Louisiana at Lafayette FoundationLA · FY2024$815,660

LSU Wellness CenterLA · FY2024$750,000

Southern University in New Orleans Foundation INCLA · FY2024$500,000

New Orleans Jazz & Heritage Festival and Foundation INCLA · FY2024$354,695

Urban League of LouisianaLA · FY2024$350,000

Fletcher Technical Community College Foundation INCLA · FY2024$201,200

Youth Empowerment ProjectFY2024$200,000

The National World War II Museum INCLA · FY2024$160,000

Kid SmartLA · FY2024$160,000

Travelers Aid Society of Greater New OrleansLA · FY2024$157,000

Team Gleason FoundationLA · FY2024$150,000

Son of a SaintLA · FY2024$125,000

Entergy Charitable FoundationLA · FY2024$125,000

City of New OrleansFY2024$123,512

University of New Orleans FoundationLA · FY2024$116,000

American Cancer Society INCGA · FY2024$100,490

Louisiana Association of Business and IndustryLA · FY2024$100,000

LSU Shreveport Alumni AssociationLA · FY2024$94,000

See all 407 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$6.0B

Ln 12

Fees for servicesLn 2g$5.3B

Other incomeLn 4–11$629.0M

Gifts and grantsLn 1h$72.0M

Money outPt IX

$5.7B

Ln 25

Programscol B$4.6B

Managementcol C$1.1B

Fundraisingcol D$5.8M

Owns and owesPt X

$3.2B

net assets · Ln 32

Cash and savingsLn 1–2$788.3M

Total assetsLn 16$6.6B

LiabilitiesLn 26$3.4B

PeoplePt VI, VII

46

listed · VII A

PaidVII A46

Voting boardVI 1a25

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$72.0M

Government grantsLn 1e$21.3M

Noncash giftsLn 1g$2.6M

Fundraising eventsLn 1c$1.8M

Fees for servicesLn 2g$5.3B

Investment incomeLn 3$57.6M

Other incomeLn 4–11$629.0M

Gains on assetsLn 7$8.2M

Total revenueLn 12$6.0B

Assets in detailPt X, end of year

CashLn 1$28.5M

SavingsLn 2$759.8M

Cash and savings togetherLn 1–2$788.3M

InvestmentsLn 11–13$1.50B

Land, buildings, equipmentLn 10c$1.23B

Other assetsLn 15$1.88B

Total assetsLn 16$6.6B

LiabilitiesLn 26$3.4B

Net assetsLn 32$3.2B

OperationsPt I, VI

EmployeesI 529,765

VolunteersI 6214

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$764.1M	$788.3M
InvestmentsLn 11–13	$1.42B	$1.50B
Land, buildings, equipmentLn 10c	$1.22B	$1.23B
Total assetsLn 16	$6.31B	$6.63B
LiabilitiesLn 26	$3.44B	$3.43B
Net assetsLn 32	$2.87B	$3.20B

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$8.1M	$8.1M
Grants and assistance to foreign recipientsLn 3	$128K	$128K
Pay of current officers, directors and key staffLn 5	$41.1M	$8.9M	$32.3M
Pay of disqualified personsLn 6	$688K	$605K	$82K
Other salaries and wagesLn 7	$2.52B	$2.03B	$479.8M	$3.6M
Pension plan contributionsLn 8	$74.5M	$8.7M	$65.8M
Other employee benefitsLn 9	$133.7M	$96.0M	$37.6M	$219K
Payroll taxesLn 10	$153.1M	$118.2M	$34.6M	$260K
Legal feesLn 11b	$33.0M	$11.6M	$21.3M	$7K
Accounting feesLn 11c	$1.2M		$1.2M
Lobbying feesLn 11d	$1.1M		$1.1M
Investment management feesLn 11f	$9.1M		$9.1M
Other fees for servicesLn 11g	$356.9M	$272.3M	$83.8M	$818K
Advertising and promotionLn 12	$30.2M	$2.7M	$27.4M	$30K
Office expensesLn 13	$63.7M	$49.4M	$14.1M	$162K
Information technologyLn 14	$207.1M	$33.2M	$173.6M	$289K
OccupancyLn 16	$160.9M	$115.2M	$45.6M	$53K
TravelLn 17	$8.2M	$2.0M	$6.2M	$48K
Conferences, conventions and meetingsLn 19	$13.8M	$5.5M	$8.0M	$211K
InterestLn 20	$64.6M	$63.1M	$1.6M
Depreciation, depletion and amortizationLn 22	$141.5M	$119.0M	$22.5M	$38K
InsuranceLn 23	$45.8M	$45.3M	$506K
Other expenses (24a–d)Ln 24	$1.54B	$1.52B	$18.7M	$42K
All other expensesLn 24e	$111.7M	$90.1M	$21.5M	$88K
Total functional expensesLn 25	$5.71B	$4.60B	$1.11B	$5.8M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$6.0B	$5.7B	$325.1M	$3.2B	990 PDF
FY2023	$5.4B	$5.0B	$359.9M	$2.9B	990 PDF
FY2022	$5.1B	$5.0B	$33.9M	$2.5B	990 PDF
FY2021	$4.9B	$4.7B	$243.6M	$2.2B	990 PDF
FY2020	$4.2B	$4.0B	$216.1M	$1.8B	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (4 parts)

Part VIII · Statement of revenue $6,038,885,387 across 14 lines filed

Lines not itemized here account for $26,525,864 of total revenue; see the IRS return.

VIII-1a Federated campaigns$404,581

VIII-1c Fundraising events$1,824,680

VIII-1e Government grants$21,322,617

VIII-1f All other contributions, gifts and grants$48,465,375

VIII-1g Noncash contributions (included above)$2,649,957

VIII-1h Total contributions, gifts and grants$72,017,253

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,697,037,509 · Unrelated business $1,940,900 · Excluded from tax $578,223,153$5,277,201,562

VIII-3 Investment incomeUnrelated business $501,366 · Excluded from tax $48,816,703$49,318,069

VIII-5 RoyaltiesExcluded from tax $1,021,923$1,021,923

VIII-6 Net rental income or lossExcluded from tax −$8,929,446−$8,929,446

VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,242,653$8,242,653

VIII-8 Net income from fundraising eventsExcluded from tax −$1,669,447−$1,669,447

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $25,836,230 · Excluded from tax $589,320,726$615,156,956

VIII-12 Total revenueRelated to mission $4,697,037,509 · Unrelated business $36,412,167 · Excluded from tax $1,233,418,458$6,038,885,387

Part IX · Statement of functional expenses $5,713,804,551 across 24 lines filed

IX-1 Grants to domestic organizationsPrograms $8,144,116$8,144,116

IX-3 Grants and assistance to foreign recipientsPrograms $127,614$127,614

IX-5 Pay of current officers, directors and key staffPrograms $8,893,104 · Management $32,251,387$41,144,491

IX-6 Pay of disqualified personsPrograms $605,440 · Management $82,061$687,501

IX-7 Other salaries and wagesPrograms $2,034,556,168 · Management $479,849,203 · Fundraising $3,581,295$2,517,986,666

IX-8 Pension plan contributionsPrograms $8,708,013 · Management $65,835,640$74,543,653

IX-9 Other employee benefitsPrograms $95,966,248 · Management $37,558,216 · Fundraising $218,770$133,743,234

IX-10 Payroll taxesPrograms $118,224,636 · Management $34,598,150 · Fundraising $259,956$153,082,742

IX-11b Legal feesPrograms $11,634,487 · Management $21,316,868 · Fundraising $6,738$32,958,093

IX-11c Accounting feesManagement $1,248,401$1,248,401

IX-11d Lobbying feesManagement $1,063,677$1,063,677

IX-11f Investment management feesManagement $9,096,879$9,096,879

IX-11g Other fees for servicesPrograms $272,342,952 · Management $83,764,779 · Fundraising $818,335$356,926,066

IX-12 Advertising and promotionPrograms $2,721,520 · Management $27,430,707 · Fundraising $30,101$30,182,328

IX-13 Office expensesPrograms $49,425,081 · Management $14,147,052 · Fundraising $162,165$63,734,298

IX-14 Information technologyPrograms $33,230,655 · Management $173,610,790 · Fundraising $288,929$207,130,374

IX-16 OccupancyPrograms $115,228,927 · Management $45,581,942 · Fundraising $53,124$160,863,993

IX-17 TravelPrograms $1,955,567 · Management $6,217,589 · Fundraising $47,924$8,221,080

IX-19 Conferences, conventions and meetingsPrograms $5,540,057 · Management $8,011,229 · Fundraising $210,865$13,762,151

IX-20 InterestPrograms $63,057,886 · Management $1,591,520$64,649,406

IX-22 Depreciation, depletion and amortizationPrograms $118,952,321 · Management $22,464,210 · Fundraising $37,903$141,454,434

IX-23 InsurancePrograms $45,340,005 · Management $505,532$45,845,537

IX-24 Other expenses (24a–d)Programs $1,516,776,005 · Management $18,725,411 · Fundraising $42,278$1,535,543,694

IX-24e All other expensesPrograms $90,106,445 · Management $21,469,738 · Fundraising $87,940$111,664,123

IX-25 Total functional expensesPrograms $4,601,537,247 · Management $1,106,420,981 · Fundraising $5,846,323$5,713,804,551

Part X · Balance sheet $6,628,093,772 assets, 23 lines filed

Asset lines not itemized here account for $5,828,356; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $69,357,242$28,518,295

X-2 Savings and temporary cash investmentsStart of year $694,760,751$759,752,910

X-3 Pledges and grants receivableStart of year $15,423,996$43,730,542

X-4 Accounts receivableStart of year $757,836,160$862,076,988

X-8 Inventories for sale or useStart of year $113,799,847$128,672,772

X-9 Prepaid expenses and deferred chargesStart of year $88,936,307$99,013,745

X-10c Land, buildings and equipment, netStart of year $1,224,091,643$1,234,840,886

X-11 Publicly traded securitiesStart of year $1,065,189,058$1,145,246,548

X-12 Other securitiesStart of year $292,634,465$320,673,189

X-13 Program-related investmentsStart of year $63,133,029$30,968,107

X-14 Intangible assetsStart of year $88,976,085$88,976,085

X-15 Other assetsStart of year $1,826,254,825$1,879,795,349

X-16 Total assetsStart of year $6,305,971,167$6,628,093,772

X-17 Accounts payable and accrued expensesStart of year $733,769,897$781,883,676

X-19 Deferred revenueStart of year $18,524,508$33,330,850

X-20 Tax-exempt bond liabilitiesStart of year $1,100,294,862$1,085,074,093

X-24 Unsecured notes and loans payableStart of year $274,000,000$274,000,000

X-25 Other liabilitiesStart of year $713,920,741$666,315,207

X-26 Total liabilitiesStart of year $3,437,524,159$3,430,335,599

X-27 Net assets without donor restrictionsStart of year $2,701,125,257$3,007,220,254

X-28 Net assets with donor restrictionsStart of year $167,321,751$190,537,919

X-32 Total net assets or fund balancesStart of year $2,868,447,008$3,197,758,173

X-33 Total liabilities and net assetsStart of year $6,305,971,167$6,628,093,772

Part XI · Reconciliation of net assets $3,197,758,173 net assets at year end

XI-1 Total revenue$6,038,885,387

XI-2 Total expenses$5,713,804,551

XI-3 Revenue less expenses$325,080,836

XI-4 Net assets at start of year$2,868,447,008

XI-5 Net unrealized gains (losses) on investments$15,360,413

XI-9 Other changes in net assets−$11,130,084

XI-10 Net assets at end of year$3,197,758,173

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

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