Ochsner Clinic Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 72-0502505)

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.

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3 programs · $3.3B · in their own filed words · FY2020

01

Patient Care/Patient Medical Services

Ochsner clinic foundation consists of seven hospitals at eleven campuses and many clinical locations. Served 74,905 inpatients resulting in 388,948 patient days. Emergency room visits totaled 393,564. The number of births totaled 7,886. Outpatient hospital visits totaled 725,610. Physician clinic visits total 2,450,593.

$3.2Bprogram 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…

$42.4Mprogram expense

03

Medical Research Currently, Ochsner Clinic Foundation operates six research laboratories within the Institute for Translational Research focusing on multiple medical diseases and problems including cancer, diabetes, transplant rejection, rheumatological diseases, neurological disorders and infectious diseases.

$23.6Mprogram expense

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 FY2020 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$4.2B

Ln 12

Fees for servicesLn 2g$3.6B

Gifts and grantsLn 1h$313.2M

Other incomeLn 4–11$266.5M

Money outPt IX

$4.0B

Ln 25

Programscol B$3.3B

Managementcol C$675.2M

Fundraisingcol D$5.3M

Owns and owesPt X

$1.8B

net assets · Ln 32

Cash and savingsLn 1–2$662.9M

Total assetsLn 16$5.2B

LiabilitiesLn 26$3.4B

PeoplePt VI, VII

44

listed · VII A

PaidVII A31

Voting boardVI 1a23

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$313.2M

Government grantsLn 1e$282.1M

Noncash giftsLn 1g$681K

Fundraising eventsLn 1c$1.8M

Fees for servicesLn 2g$3.6B

Investment incomeLn 3$48.9M

Other incomeLn 4–11$266.5M

Gains on assetsLn 7$35.0M

Total revenueLn 12$4.2B

Assets in detailPt X, end of year

CashLn 1$21.5M

SavingsLn 2$641.4M

Cash and savings togetherLn 1–2$662.9M

InvestmentsLn 11–13$1.22B

Land, buildings, equipmentLn 10c$1.31B

Other assetsLn 15$1.16B

Total assetsLn 16$5.2B

LiabilitiesLn 26$3.4B

Net assetsLn 32$1.8B

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 FY20	End FY20
Cash and savingsLn 1–2	$307.1M	$662.9M
InvestmentsLn 11–13	$850.9M	$1.22B
Land, buildings, equipmentLn 10c	$1.11B	$1.31B
Total assetsLn 16	$3.49B	$5.24B
LiabilitiesLn 26	$2.28B	$3.40B
Net assetsLn 32	$1.21B	$1.84B

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$2.9M	$2.9M
Grants and assistance to foreign recipientsLn 3	$100K	$100K
Pay of current officers, directors and key staffLn 5	$27.2M	$8.8M	$18.3M	$0
Pay of disqualified personsLn 6	$853K	$701K	$151K
Other salaries and wagesLn 7	$1.74B	$1.44B	$294.2M	$3.3M
Pension plan contributionsLn 8	$38.7M	$33.7M	$5.0M	$78K
Other employee benefitsLn 9	$44.4M	$33.8M	$10.5M	$95K
Payroll taxesLn 10	$108.5M	$86.9M	$21.3M	$251K
Management feesLn 11a	$349K		$349K
Legal feesLn 11b	$30.3M	$7.7M	$22.7M
Accounting feesLn 11c	$1.3M		$1.3M
Lobbying feesLn 11d	$450K		$450K
Investment management feesLn 11f	$1.5M		$1.5M
Other fees for servicesLn 11g	$307.8M	$239.7M	$67.6M	$508K
Advertising and promotionLn 12	$17.2M	$1.1M	$16.1M	$6K
Office expensesLn 13	$48.3M	$39.4M	$8.7M	$271K
Information technologyLn 14	$150.1M	$38.3M	$111.4M	$427K
OccupancyLn 16	$123.3M	$95.1M	$28.2M	$12K
TravelLn 17	$2.9M	$1.1M	$1.8M	$4K
Conferences, conventions and meetingsLn 19	$5.2M	$2.3M	$2.8M	$56K
InterestLn 20	$57.0M	$54.3M	$2.7M
Depreciation, depletion and amortizationLn 22	$128.7M	$102.7M	$25.9M	$74K
InsuranceLn 23	$40.9M	$39.5M	$1.4M	$3K
Other expenses (24a–d)Ln 24	$985.0M	$979.0M	$6.0M	$4K
All other expensesLn 24e	$137.8M	$110.7M	$26.9M	$219K
Total functional expensesLn 25	$4.00B	$3.32B	$675.2M	$5.3M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$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 Viewing	$4.2B	$4.0B	$216.1M	$1.8B	990 PDF

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Schedules filed Part IV

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

See the full FY2020 990 (6 parts)

Part I · Summary $4,213,475,352 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $20,969,352$313,225,572

I-9 Program service revenuePrior year $3,404,470,042$3,584,911,649

I-10 Investment incomePrior year $17,858,247$48,868,247

I-11 Other revenuePrior year $302,979,703$266,469,884

I-12 Total revenuePrior year $3,746,277,344$4,213,475,352

I-13 Grants and similar amounts paidPrior year $2,202,992$3,022,756

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $1,799,802,328$1,956,049,206

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,783,227,007$2,038,301,083

I-18 Total expensesPrior year $3,585,232,327$3,997,373,045

I-19 Revenue less expensesPrior year $161,045,017$216,102,307

Part VI · Governance 13 of 23 board members independent, 1 to look at

VI-1a Voting members of the governing body23

VI-1b Independent voting members13

VI-2 Family or business relationship among officers or directorsYes

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 $4,213,475,352 across 16 lines filed

Lines not itemized here account for $15,600,869 of total revenue; see the IRS return.

VIII-1a Federated campaigns$2,203,595

VIII-1b Membership dues$0

VIII-1c Fundraising events$1,768,487

VIII-1d Related organizations$0

VIII-1e Government grants$282,127,637

VIII-1f All other contributions, gifts and grants$27,125,853

VIII-1g Noncash contributions (included above)$680,616

VIII-1h Total contributions, gifts and grants$313,225,572

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,255,360,641 · Unrelated business $412,766 · Excluded from tax $327,095,947$3,582,869,354

VIII-3 Investment incomeUnrelated business $859,950 · Excluded from tax $12,993,774$13,853,724

VIII-5 RoyaltiesExcluded from tax $173,771$173,771

VIII-6 Net rental income or lossExcluded from tax $3,301,357$3,301,357

VIII-7 Net gain or loss on sales of assetsExcluded from tax $35,014,523$35,014,523

VIII-8 Net income from fundraising eventsExcluded from tax −$1,107,530−$1,107,530

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $37,305,800 · Excluded from tax $213,237,912$250,543,712

VIII-12 Total revenueRelated to mission $3,255,360,641 · Unrelated business $41,245,494 · Excluded from tax $603,643,645$4,213,475,352

Part IX · Statement of functional expenses $3,997,373,045 across 25 lines filed

IX-1 Grants to domestic organizationsPrograms $2,922,437$2,922,437

IX-3 Grants and assistance to foreign recipientsPrograms $100,319$100,319

IX-5 Pay of current officers, directors and key staffPrograms $8,808,826 · Management $18,349,248 · Fundraising $0$27,158,074

IX-6 Pay of disqualified personsPrograms $701,131 · Management $151,446$852,577

IX-7 Other salaries and wagesPrograms $1,438,830,748 · Management $294,216,156 · Fundraising $3,322,866$1,736,369,770

IX-8 Pension plan contributionsPrograms $33,665,157 · Management $5,001,208 · Fundraising $78,033$38,744,398

IX-9 Other employee benefitsPrograms $33,836,185 · Management $10,505,702 · Fundraising $95,451$44,437,338

IX-10 Payroll taxesPrograms $86,891,459 · Management $21,344,604 · Fundraising $250,986$108,487,049

IX-11a Management feesManagement $348,739$348,739

IX-11b Legal feesPrograms $7,667,736 · Management $22,668,549$30,336,285

IX-11c Accounting feesManagement $1,309,788$1,309,788

IX-11d Lobbying feesManagement $449,768$449,768

IX-11f Investment management feesManagement $1,497,172$1,497,172

IX-11g Other fees for servicesPrograms $239,744,535 · Management $67,565,445 · Fundraising $507,843$307,817,823

IX-12 Advertising and promotionPrograms $1,147,112 · Management $16,067,308 · Fundraising $5,727$17,220,147

IX-13 Office expensesPrograms $39,360,799 · Management $8,662,829 · Fundraising $270,598$48,294,226

IX-14 Information technologyPrograms $38,260,059 · Management $111,416,797 · Fundraising $426,741$150,103,597

IX-16 OccupancyPrograms $95,126,577 · Management $28,195,577 · Fundraising $11,625$123,333,779

IX-17 TravelPrograms $1,139,717 · Management $1,777,304 · Fundraising $3,915$2,920,936

IX-19 Conferences, conventions and meetingsPrograms $2,344,154 · Management $2,833,035 · Fundraising $55,799$5,232,988

IX-20 InterestPrograms $54,297,541 · Management $2,668,651$56,966,192

IX-22 Depreciation, depletion and amortizationPrograms $102,736,260 · Management $25,917,859 · Fundraising $73,852$128,727,971

IX-23 InsurancePrograms $39,547,059 · Management $1,362,018 · Fundraising $2,615$40,911,692

IX-24 Other expenses (24a–d)Programs $979,027,152 · Management $5,972,677 · Fundraising $4,313$985,004,142

IX-24e All other expensesPrograms $110,678,540 · Management $26,928,252 · Fundraising $219,046$137,825,838

IX-25 Total functional expensesPrograms $3,316,833,503 · Management $675,210,132 · Fundraising $5,329,410$3,997,373,045

Part X · Balance sheet $5,239,386,939 assets, 23 lines filed

Asset lines not itemized here account for $2,654,332; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $12,299,254$21,493,540

X-2 Savings and temporary cash investmentsStart of year $294,820,438$641,428,002

X-3 Pledges and grants receivableStart of year $26,459,303$25,878,669

X-4 Accounts receivableStart of year $486,543,788$576,345,593

X-8 Inventories for sale or useStart of year $81,615,906$134,442,582

X-9 Prepaid expenses and deferred chargesStart of year $64,024,563$66,602,932

X-10c Land, buildings and equipment, netStart of year $1,107,681,563$1,308,532,045

X-11 Publicly traded securitiesStart of year $445,558,945$763,086,013

X-12 Other securitiesStart of year $402,185,893$441,982,778

X-13 Program-related investmentsStart of year $3,190,066$15,457,323

X-14 Intangible assetsStart of year $83,848,115$83,844,679

X-15 Other assetsStart of year $480,222,316$1,157,638,451

X-16 Total assetsStart of year $3,490,558,630$5,239,386,939

X-17 Accounts payable and accrued expensesStart of year $438,748,471$529,216,122

X-19 Deferred revenueStart of year $43,055,803$30,690,812

X-20 Tax-exempt bond liabilitiesStart of year $733,648,492$1,490,474,926

X-24 Unsecured notes and loans payableStart of year $99,430,000$98,430,000

X-25 Other liabilitiesStart of year $582,139,795$910,804,422

X-26 Total liabilitiesStart of year $2,284,316,606$3,400,631,628

X-27 Net assets without donor restrictionsStart of year $1,078,211,429$1,692,168,356

X-28 Net assets with donor restrictionsStart of year $128,030,595$146,586,955

X-32 Total net assets or fund balancesStart of year $1,206,242,024$1,838,755,311

X-33 Total liabilities and net assetsStart of year $3,490,558,630$5,239,386,939

Part XI · Reconciliation of net assets $1,838,755,311 net assets at year end

XI-1 Total revenue$4,213,475,352

XI-2 Total expenses$3,997,373,045

XI-3 Revenue less expenses$216,102,307

XI-4 Net assets at start of year$1,206,242,024

XI-5 Net unrealized gains (losses) on investments$40,196,271

XI-9 Other changes in net assets$376,214,709

XI-10 Net assets at end of year$1,838,755,311

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

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Ochsner Clinic Foundation FY2020 filing

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