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Local Heart Foundation

Tax-deductible

Lake Charles, LA501(c)(3)Since 2017Diseases & Disorders EIN 82-2809813Revenue $72K in FY2025

On file with the IRSlocalheartfoundation.com205 W College St, 70605-1625 · Lake Charles, LATax-exempt since Jun 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Partner with the community to assist individuals with financial burdens while undergoing treatment for Heart related conditions. The Foundation does not discriminate on the basis of race, creed, ancestry, marital status, gender, sexual orientation, age, physical disability, veteran's status, political affiliation, color, religion or national origin.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $23K a year · 19% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Plus $409K in investments, Pt X · Ln 11–13
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $30K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$72K
+26% vs prior year
Spent
$130K
To programs
100%
Net assets
$488K
By yearFY2020–FY2025
Revenue
$72K
FY2025▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$284K
FY2021$175K
FY2022$40K
FY2023$90K
FY2024$58K
FY2025$72K
Expenses
$130K
FY2025▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$95K
FY2021$141K
FY2022$56K
FY2023$72K
FY2024$89K
FY2025$130K
Net assets
$488K
FY2025▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$541K
FY2021$574K
FY2022$559K
FY2023$577K
FY2024$546K
FY2025$488K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2018.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $130K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Michael Richard
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dr Corey Foster
President & CEO
$0Pt VII · Sec A
Stacie Adams
Executive Dir.
$0Pt VII · Sec A
See Local Heart 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

Helps people with heart conditions pay bills during treatment.

Questions for Local Heart Foundation

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Provided by the organization

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1 program · $130K · in their own filed words · FY2025
01

Partner with the community to assist individuals with financial burdens while undergoing treatment for heart related conditions. The foundation does not discriminate on the basis of race, creed, ancestry, marital status, gender, sexual orientation, age, physical disability, veteran's status, political affiliation, color, religion or…

$130Kprogram 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
Invest in Others Charitablefoundation INCFY2024$25K
David Greenberg TrustFY2024$5K
Total grants receivedfrom 2 funders$30K
Grants paid · 6 grants · $526K · 2020–2025
Unitemized GrantFY2025$114,188
Unitemized GrantFY2024$54,698
Unitemized GrantFY2023$72,122
Unitemized GrantFY2022$52,541
Unitemized GrantFY2021$137,581
Unitemized GrantFY2020$95,064

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$72K
Ln 12
Gifts and grantsLn 1h$63K
Investment incomeLn 3$10K
Money outPt IX
$130K
Ln 25
Programscol B$130K
Owns and owesPt X
$488K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$488K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$63K
Investment incomeLn 3$10K
Total revenueLn 12$72K
Assets in detailPt X, end of year
CashLn 1$79K
Cash and savings togetherLn 1–2$79K
InvestmentsLn 11–13$409K
Total assetsLn 16$488K
LiabilitiesLn 26$0
Net assetsLn 32$488K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$545K$79K
InvestmentsLn 11–13$409K
Total assetsLn 16$545K$488K
LiabilitiesLn 26$0$0
Net assetsLn 32$545K$488K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$114K$114K
Advertising and promotionLn 12$13K$13K
InsuranceLn 23$439$439
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$130K$130K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $72K$130K−$57K$488K 990 PDF
FY2024Filed with the IRS Jul 30, 2025 $58K$89K−$31K$546K 990 PDF
FY2023Filed with the IRS Nov 13, 2024 $90K$72K$18K$577K 990 PDF
FY2022Filed with the IRS Aug 21, 2023 $40K$56K−$15K$559K 990 PDF
FY2021Filed with the IRS Aug 31, 2022 $175K$141K$34K$574K 990 PDF
FY2020Filed with the IRS Sep 13, 2021 $284K$95K$188K$541K 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 O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $72,280 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $47,023$62,694
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$9,586
I-11 Other revenuePrior year $10,497$0
I-12 Total revenuePrior year $57,520$72,280
I-13 Grants and similar amounts paidPrior year $87,474$114,188
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,292$15,553
I-18 Total expensesPrior year $88,766$129,741
I-19 Revenue less expensesPrior year −$31,246−$57,461
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $72,280 across 4 lines filed
VIII-1f All other contributions, gifts and grants$62,694
VIII-1h Total contributions, gifts and grants$62,694
VIII-3 Investment incomeRelated to mission $9,586$9,586
VIII-12 Total revenueRelated to mission $9,586 · Unrelated business $0 · Excluded from tax $0$72,280
Part IX · Statement of functional expenses $129,741 across 4 lines filed
IX-2 Grants to domestic individualsPrograms $114,188$114,188
IX-12 Advertising and promotionPrograms $12,822$12,822
IX-23 InsurancePrograms $439$439
IX-24 Other expenses (24a–d)Programs $2,292$2,292
IX-25 Total functional expensesPrograms $129,741 · Management $0 · Fundraising $0$129,741
Part X · Balance sheet $487,959 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $545,420$79,239
X-11 Publicly traded securities$408,720
X-16 Total assetsStart of year $545,420$487,959
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $545,420$487,959
X-32 Total net assets or fund balancesStart of year $545,420$487,959
X-33 Total liabilities and net assetsStart of year $545,420$487,959
Part XI · Reconciliation of net assets $487,959 net assets at year end
XI-1 Total revenue$72,280
XI-2 Total expenses$129,741
XI-3 Revenue less expenses−$57,461
XI-4 Net assets at start of year$545,420
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$487,959

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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