Lourdes Foundation INC

Tax-deductible

Baton Rouge, LA501(c)(3)Since 2001EIN 72-1494532

We seek and facilitate gifts to provide charitable healthcare programs and services that support the mission of our lady of lourdes regional medical center, INC. And are not funded by traditional resources.

501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
Run by 19 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
4 of 5
filings with a surplus
Average surplus $698K a year · 38% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
147 mo
of spending, in cash
Looks good: 146.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $3.2M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 20 voting members
Looks good: 17 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.0M
+475% vs prior year
Spent
$1.2M
To programs
52%
Net assets
$19.0M
By yearFY2020–FY2024
Revenue
$5.0M
FY2024▲ +475%
Revenue by fiscal year
FY2020$3.9M
FY2021$951K
FY2022$1.0M
FY2023$2.3M
FY2024$866K
FY2024$5.0M
Expenses
$1.2M
FY2024▲ +400%
Expenses by fiscal year
FY2020$288K
FY2021$4.7M
FY2022$158K
FY2023$223K
FY2024$247K
FY2024$1.2M
Net assets
$19.0M
FY2024▲ +26%
Net assets by fiscal year
FY2020$14.3M
FY2021$11.5M
FY2022$11.6M
FY2023$13.9M
FY2024$15.1M
FY2024$19.0M

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1946.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $640K Management & general 1% · $11K Fundraising 47% · $587K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Market President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Lourdes Foundation INC 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 15aNo

Programs and updates

Raises and distributes charitable funds to support healthcare programs, services, and medical equipment for Our Lady of Lourdes Regional Medical Center in Louisiana.

Provided by the organization

This section is blank until Lourdes Foundation INC claims this page.

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1 program service account for $640K of program spending, described in the organization's own filed words · FY2024.
01

Grants are made to or on behalf of our lady of the lourdes regional medical center to promote the welfare of the hospital and increase its usefulness to the citizens of lafayette parish, louisiana and the usa.

$640Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$3.2M
Grants paid · 6 grants · $5.2M · 2019–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Gifts and grantsLn 1h$4.4M
Investment incomeLn 3$516K
Other incomeLn 4–11$32K
Money outPt IX
$1.2M
Ln 25
Programscol B$640K
Managementcol C$11K
Fundraisingcol D$587K
Owns and owesPt X
$19.0M
net assets · Ln 32
Cash and savingsLn 1–2$15.1M
Total assetsLn 16$20.5M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.4M
Noncash giftsLn 1g$36K
Fundraising eventsLn 1c$483K
Investment incomeLn 3$516K
Other incomeLn 4–11$32K
Gains on assetsLn 7$247K
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$4.9M
SavingsLn 2$10.2M
Cash and savings togetherLn 1–2$15.1M
InvestmentsLn 11–13$3.7M
Land, buildings, equipmentLn 10c$55K
Other assetsLn 15$1.7M
Total assetsLn 16$20.5M
LiabilitiesLn 26$1.5M
Net assetsLn 32$19.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$14.1M$15.1M
InvestmentsLn 11–13$3.3M$3.7M
Land, buildings, equipmentLn 10c$0$55K
Total assetsLn 16$18.9M$20.5M
LiabilitiesLn 26$3.8M$1.5M
Net assetsLn 32$15.1M$19.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$640K$640K
Legal feesLn 11b$990$990
Investment management feesLn 11f$6K$6K
Other fees for servicesLn 11g$71K$0$1K$70K
Advertising and promotionLn 12$7K$126$7K
Office expensesLn 13$495K$9K$486K
TravelLn 17$227$4$223
Depreciation, depletion and amortizationLn 22$8K$8K
Other expenses (24a–d)Ln 24$9K$558$9K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$1.2M$640K$11K$587K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $866K$247K$619K$15.1M 990 PDF
FY2023 $2.3M$223K$2.1M$13.9M 990 PDF
FY2022 $1.0M$158K$851K$11.6M 990 PDF
FY2021 $951K$4.7M−$3.7M$11.5M 990 PDF
FY2020 $3.9M$288K$3.6M$14.3M 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 $4,979,809 across 10 lines filed
Lines not itemized here account for $148,918 of total revenue; see the IRS return.
VIII-1c Fundraising events$482,645
VIII-1d Related organizations$110,000
VIII-1f All other contributions, gifts and grants$3,839,547
VIII-1g Noncash contributions (included above)$35,835
VIII-1h Total contributions, gifts and grants$4,432,192
VIII-3 Investment incomeExcluded from tax $268,847$268,847
VIII-7 Net gain or loss on sales of assetsExcluded from tax $246,901$246,901
VIII-8 Net income from fundraising eventsExcluded from tax −$125,339−$125,339
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $8,290$8,290
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $547,617$4,979,809
Part IX · Statement of functional expenses $1,238,053 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $639,788$639,788
IX-11b Legal feesFundraising $990$990
IX-11f Investment management feesFundraising $5,934$5,934
IX-11g Other fees for servicesPrograms $0 · Management $1,296 · Fundraising $69,896$71,192
IX-12 Advertising and promotionManagement $126 · Fundraising $6,801$6,927
IX-13 Office expensesManagement $9,424 · Fundraising $485,962$495,386
IX-17 TravelManagement $4 · Fundraising $223$227
IX-22 Depreciation, depletion and amortizationFundraising $8,121$8,121
IX-24 Other expenses (24a–d)Management $558 · Fundraising $8,930$9,488
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $639,788 · Management $11,408 · Fundraising $586,857$1,238,053
Part X · Balance sheet $20,490,373 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $14,064,257$4,929,270
X-2 Savings and temporary cash investmentsStart of year $51,323$10,197,076
X-10c Land, buildings and equipment, netStart of year $0$54,614
X-12 Other securitiesStart of year $3,262,695$3,651,610
X-15 Other assetsStart of year $1,510,699$1,657,803
X-16 Total assetsStart of year $18,888,974$20,490,373
X-17 Accounts payable and accrued expensesStart of year $102$10
X-25 Other liabilitiesStart of year $3,822,754$1,510,112
X-26 Total liabilitiesStart of year $3,822,856$1,510,122
X-27 Net assets without donor restrictionsStart of year $7,347,330$4,439,777
X-28 Net assets with donor restrictionsStart of year $7,718,788$14,540,474
X-32 Total net assets or fund balancesStart of year $15,066,118$18,980,251
X-33 Total liabilities and net assetsStart of year $18,888,974$20,490,373
Part XI · Reconciliation of net assets $18,980,251 net assets at year end
XI-1 Total revenue$4,979,809
XI-2 Total expenses$1,238,053
XI-3 Revenue less expenses$3,741,756
XI-4 Net assets at start of year$15,066,118
XI-5 Net unrealized gains (losses) on investments$171,959
XI-9 Other changes in net assets$418
XI-10 Net assets at end of year$18,980,251

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

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