Touro Infirmary Foundation

Tax-deductible

New Orleans, LA501(c)(3)Health CareEIN 72-1169939Revenue $4.0M in FY2024

On file with the IRStouro.com/content/foundation.htm1401 Foucher St, 70115-3515 · New Orleans, LATax-exempt since Jan 1991Supporting organization — 509(a)(3)

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To support the mission of Touro Infirmary hospital and its commitment to (con't on schedule o)patient care, health education and community service through leadership, resource development and financial stewardship.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 113 volunteers.
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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.7M a year · 74% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $216K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10K
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 15 voting members
Looks good: 10 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
+163% vs prior year
Spent
$860K
To programs
90%
Net assets
$67.6M
By yearFY2020–FY2024
Revenue
$4.0M
FY2024▲ +163%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$4.4M
FY2022$4.7M
FY2023$1.5M
FY2024$4.0M
Expenses
$860K
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.3M
FY2022$711K
FY2023$904K
FY2024$860K
Net assets
$67.6M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$62.2M
FY2021$66.4M
FY2022$56.7M
FY2023$63.3M
FY2024$67.6M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1991.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $770K Management & general 0% · $2K Fundraising 10% · $88K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
President and CEO, Ex Officio
$0Pt VII · Sec A
2nd Past Governing Board Chair, Ex Officio
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Senior Director of Marketing and Development, Ex-O
$0Pt VII · Sec A
Past Chair, Ex Officio
$0Pt VII · Sec A
Touro CEO, Ex-Officio
$0Pt VII · Sec A
See Touro Infirmary Foundation executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fundraises and provides leadership to support patient care, health education, and community service.

Provided by the organization

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1 program · $770K · in their own filed words · FY2024
01

Provide grants, gifts and other distributions to support touro infirmary's charity care initiatives, capital equipment needs, community outreach programs (health care education), nurse education and recruitment, medical education and employee crisis assistance.

$770Kprogram 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 · FY2024
See all 10 funders →
Grants paid · 20 grants · $2.4M · 2020–2023
Touro InfirmaryLA · FY2023$384,123
Unitemized GrantFY2023$19,418
Touro InfirmaryLA · FY2022$415,146
Unitemized GrantFY2022$8,000
Touro InfirmaryLA · FY2021$893,302
Unitemized GrantFY2021$18,398
Unitemized GrantFY2021$16,714
Unitemized GrantFY2021$10,954
Unitemized GrantFY2021$6,938
Unitemized GrantFY2021$4,825
Unitemized GrantFY2021$2,520
Touro InfirmaryLA · FY2020$511,037
Unitemized GrantFY2020$71,740
Unitemized GrantFY2020$18,678
Unitemized GrantFY2020$10,970
American Cancer Society INCGA · FY2020$6,000
We Lift You UpLA · FY2020$5,000
Unitemized GrantFY2020$4,040
See all 20 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Investment incomeLn 3$3.4M
Gifts and grantsLn 1h$540K
Other incomeLn 4–11$52K
Money outPt IX
$860K
Ln 25
Programscol B$770K
Managementcol C$2K
Fundraisingcol D$88K
Owns and owesPt X
$67.6M
net assets · Ln 32
Cash and savingsLn 1–2$391K
Total assetsLn 16$67.6M
LiabilitiesLn 26$10K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$540K
Government grantsLn 1e$24K
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$24K
Investment incomeLn 3$3.4M
Other incomeLn 4–11$52K
Gains on assetsLn 7$2.7M
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
SavingsLn 2$391K
Cash and savings togetherLn 1–2$391K
InvestmentsLn 11–13$55.0M
Other assetsLn 15$12.1M
Total assetsLn 16$67.6M
LiabilitiesLn 26$10K
Net assetsLn 32$67.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6113
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
LineStart FY24End FY24
Cash and savingsLn 1–2$216K$391K
InvestmentsLn 11–13$60.7M$55.0M
Total assetsLn 16$63.4M$67.6M
LiabilitiesLn 26$66K$10K
Net assetsLn 32$63.3M$67.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$124K$124K
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$9K$9K
Accounting feesLn 11c$1K$1K
Professional fundraising feesLn 11e$88K$88K
Investment management feesLn 11f$94K$94K
Other fees for servicesLn 11g$17K$17K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$3K$438$2K
Information technologyLn 14$27K$27K
OccupancyLn 16$6K$6K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$880$880
Other expenses (24a–d)Ln 24$469K$469K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$860K$770K$2K$88K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.0M$860K$3.2M$67.6M 990 PDF
FY2023 $1.5M$904K$629K$63.3M 990 PDF
FY2022 $4.7M$711K$4.0M$56.7M 990 PDF
FY2021 $4.4M$1.3M$3.0M$66.4M 990 PDF
FY2020 $3.7M$1.0M$2.6M$62.2M 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 (6 parts)
Part I · Summary $4,026,334 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $422,956$540,353
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,118,537$3,433,908
I-11 Other revenuePrior year −$8,935$52,073
I-12 Total revenuePrior year $1,532,558$4,026,334
I-13 Grants and similar amounts paidPrior year $403,541$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $214,812$143,786
I-16a Professional fundraising feesPrior year $72,000$88,000
I-17 Other expensesPrior year $213,254$628,613
I-18 Total expensesPrior year $903,607$860,399
I-19 Revenue less expensesPrior year $628,951$3,165,935
Part VI · Governance 10 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members10
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 $4,026,334 across 10 lines filed
VIII-1c Fundraising events$23,800
VIII-1e Government grants$23,800
VIII-1f All other contributions, gifts and grants$516,553
VIII-1g Noncash contributions (included above)$5,013
VIII-1h Total contributions, gifts and grants$540,353
VIII-3 Investment incomeExcluded from tax $750,206$750,206
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,683,702$2,683,702
VIII-8 Net income from fundraising eventsExcluded from tax $52,018$52,018
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $55$55
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,485,981$4,026,334
Part IX · Statement of functional expenses $860,399 across 16 lines filed
IX-7 Other salaries and wagesPrograms $124,455$124,455
IX-8 Pension plan contributionsPrograms $3,778$3,778
IX-9 Other employee benefitsPrograms $6,117$6,117
IX-10 Payroll taxesPrograms $9,436$9,436
IX-11c Accounting feesPrograms $1,300$1,300
IX-11e Professional fundraising feesFundraising $88,000$88,000
IX-11f Investment management feesPrograms $93,609$93,609
IX-11g Other fees for servicesPrograms $17,066$17,066
IX-12 Advertising and promotionPrograms $6,302$6,302
IX-13 Office expensesPrograms $438 · Management $2,255$2,693
IX-14 Information technologyPrograms $27,189$27,189
IX-16 OccupancyPrograms $5,820$5,820
IX-17 TravelPrograms $1,822$1,822
IX-18 Travel and entertainment for public officialsPrograms $880$880
IX-24 Other expenses (24a–d)Programs $469,020$469,020
IX-24e All other expensesPrograms $2,912$2,912
IX-25 Total functional expensesPrograms $770,144 · Management $2,255 · Fundraising $88,000$860,399
Part X · Balance sheet $67,610,657 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $216,295$390,698
X-4 Accounts receivableStart of year $103,082$116,304
X-11 Publicly traded securitiesStart of year $60,669,900$55,007,018
X-15 Other assetsStart of year $2,398,306$12,096,637
X-16 Total assetsStart of year $63,387,583$67,610,657
X-17 Accounts payable and accrued expensesStart of year $1,807$6,871
X-25 Other liabilitiesStart of year $63,862$3,408
X-26 Total liabilitiesStart of year $65,669$10,279
X-27 Net assets without donor restrictionsStart of year $53,716,653$57,035,201
X-28 Net assets with donor restrictionsStart of year $9,605,261$10,565,177
X-32 Total net assets or fund balancesStart of year $63,321,914$67,600,378
X-33 Total liabilities and net assetsStart of year $63,387,583$67,610,657
Part XI · Reconciliation of net assets $67,600,378 net assets at year end
XI-1 Total revenue$4,026,334
XI-2 Total expenses$860,399
XI-3 Revenue less expenses$3,165,935
XI-4 Net assets at start of year$63,321,914
XI-5 Net unrealized gains (losses) on investments$1,112,529
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$67,600,378

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

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