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Lincoln Health Foundation EIN 72-1335146

Lincoln Health Foundation

EIN  72-1335146 Private foundation / grantmaker Ruston, LA
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Size
$1–10M
What they do
A private foundation based in Ruston, LA. It reported about $1.5M in revenue for 2023.
Leadership
Norman L Hanes · CEO · $105K
Money in and out
$1.5M revenue, $2.0M expenses
Bottom line
—

A private foundation based in Ruston, LA. It reported about $1.5M in revenue for 2023. For fiscal year 2024 it reported $1.5M in revenue, $2.0M in expenses, and $29.3M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$2.0M
Pt IX · Ln 25
Net assets
$29.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$513K
Total assets
29.3M
deployed as grants and operations
Grants paid
1.7M
in FY2024
Grants made
18grants
total in period
Payout rate
6%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 18 grants · $1.7M · 2023–2023
The Health HutFY2023$820,000
Lincoln Parish School BoardFY2023$200,000
Life Choices of North Central LaFY2023$130,000
Boys & Girls Yr 13FY2023$110,000
Life Choices of North Central LaFY2023$66,000
LpsFY2023$57,248
Boys & Girls Yr 12FY2023$55,000
Elisha MinistriesFY2023$40,500
Lincoln Parish Health UnitFY2023$37,516
Lincoln Parish Health UnitFY2023$35,695
Seeker SpringsFY2023$35,195
Freedon 13 Ministries Yr 2FY2023$22,425
Teach 1 Lead 1FY2023$15,000
Boys & Girls ClubFY2023$15,000
The Well of Northeast LousianaFY2023$12,975
Louisiana Tech UniversityFY2023$9,119
Louisiana Tec UniversityFY2023$9,119
Louisiana Tech UniversityFY2023$3,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$93K
Median grantPart XV$38K
Largest grantPart XV$820K

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$1.5M
FY2024▲ +63%
Expenses
$2.0M
FY2024▲ +8%
Total assets
$29.3M
FY2024▲ +14%
Total liabilities
$0
FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$2.0M
Pt IX · Ln 25
Net assets
$29.3M
Pt X · Ln 32
Total assetsPt II$29.3M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLincoln Health Foundation
EINHdr · item D72-1335146
Principal addressHdr · item CRuston, LA
WebsiteHdr · item Jwww.lincolnhealth.com
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E20Z)
Ruling yearIRS BMFDec 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$105,077Pt VII · Sec A
Wilbert Ellis
Advisory Boa
$0Pt VII · Sec A
James Davison
Advisory Boa
$0Pt VII · Sec A
Sonya Cardwell
Board Member
$0Pt VII · Sec A
Jo Tatum
Vice Chair
$0Pt VII · Sec A
Mark Taylor
President
$0Pt VII · Sec A
Willie Washington
Board Member
$0Pt VII · Sec A
Gerald Long
Board Member
$0Pt VII · Sec A
See Lincoln Health Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$1.3M · 83%
Contributions & grants$180K · 12%
Other revenue$73K · 5%
Investment income83%$1.3M
Contributions & grants12%$180K
Other revenue5%$73K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.82 Operating & administrative $0.18
Grants & contributions paid82%$1.7M
Operating & administrative18%$367K
Total functional expensesLn 25$2.0M

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$29.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$29.3M
Months of cash on handcomputed6.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $29.3M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $1.5M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $1.5M
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $938K
+63%
Revenue CAGR
FY2019 $1.1M · FY2023 $1.5M
+7%
Net-asset trend (YoY)
End of year $29.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $2.0M
-34%
Liabilities-to-Assets
Total liabilities — · Total assets $29.3M
—
Net-asset ratio
Net assets $29.3M · Total assets $29.3M
100%
People & payroll
Highest Reported Total Compensation
Individual Norman L Hanes · Reported title CEO · Highest reported compensation $105K · Total expenses $2.0M
5%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 63%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$938K revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$2.3M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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