Local Heart Foundation FY2021 filing

Tax-deductible

Lake Charles, LA501(c)(3)Since 2017Diseases & DisordersEIN 82-2809813Revenue $175K in FY2021

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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.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
49 mo
of spending, in cash
Looks good: 48.8 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
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$175K
-38% vs prior year
Spent
$141K
To programs
99%
Net assets
$574K
By yearFY2020–FY2025
Revenue
$175K
FY2021▼ -38%
Revenue by fiscal year
FY2020$284K
FY2021$175K
FY2022$40K
FY2023$90K
FY2024$58K
FY2025$72K
Expenses
$141K
FY2021▲ +48%
Expenses by fiscal year
FY2020$95K
FY2021$141K
FY2022$56K
FY2023$72K
FY2024$89K
FY2025$130K
Net assets
$574K
FY2021▲ +6%
Net assets by fiscal year
FY2020$541K
FY2021$574K
FY2022$559K
FY2023$577K
FY2024$546K
FY2025$488K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

99 cents of each dollar spent went to programs.

Program services 99% · $140K Fundraising 1% · $1K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
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 15aNo

Programs and updates

Helps people with heart conditions pay bills during treatment.

Provided by the organization

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1 program · $140K · in their own filed words · FY2021
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…

$140Kprogram 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
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$175K
Ln 12
Other incomeLn 4–11$131K
Gifts and grantsLn 1h$44K
Money outPt IX
$141K
Ln 25
Programscol B$140K
Fundraisingcol D$1K
Owns and owesPt X
$574K
net assets · Ln 32
Cash and savingsLn 1–2$574K
Total assetsLn 16$574K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Other incomeLn 4–11$131K
Gains on assetsLn 7$0
Total revenueLn 12$175K
Assets in detailPt X, end of year
CashLn 1$574K
SavingsLn 2$0
Cash and savings togetherLn 1–2$574K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$574K
LiabilitiesLn 26$0
Net assetsLn 32$574K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$541K$574K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$541K$574K
LiabilitiesLn 26$0$0
Net assetsLn 32$541K$574K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$138K$138K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$1K$976
Other expenses (24a–d)Ln 24$1K$702$507
All other expensesLn 24e$0
Total functional expensesLn 25$141K$140K$0$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $72K$130K−$57K$488K 990 PDF
FY2024 $58K$89K−$31K$546K 990 PDF
FY2023 $90K$72K$18K$577K 990 PDF
FY2022 $40K$56K−$15K$559K 990 PDF
FY2021 Viewing $175K$141K$34K$574K 990 PDF
FY2020 $284K$95K$188K$541K 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 FY2021 990 (6 parts)
Part I · Summary $174,805 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,707$43,726
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $237,804$131,079
I-12 Total revenuePrior year $283,511$174,805
I-13 Grants and similar amounts paidPrior year $95,064$137,581
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$3,533
I-18 Total expensesPrior year $95,064$141,114
I-19 Revenue less expensesPrior year $188,447$33,691
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $174,805 across 8 lines filed
VIII-1f All other contributions, gifts and grants$43,726
VIII-1h Total contributions, gifts and grants$43,726
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $131,079$131,079
VIII-12 Total revenueExcluded from tax $131,079$174,805
Part IX · Statement of functional expenses $141,114 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $137,581$137,581
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,348 · Fundraising $976$2,324
IX-24 Other expenses (24a–d)Programs $702 · Fundraising $507$1,209
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $139,631 · Management $0 · Fundraising $1,483$141,114
Part X · Balance sheet $574,399 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $540,708$574,399
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $540,708$574,399
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $540,708$574,399
X-32 Total net assets or fund balancesStart of year $540,708$574,399
X-33 Total liabilities and net assetsStart of year $540,708$574,399
Part XI · Reconciliation of net assets $574,399 net assets at year end
XI-1 Total revenue$174,805
XI-2 Total expenses$141,114
XI-3 Revenue less expenses$33,691
XI-4 Net assets at start of year$540,708
XI-10 Net assets at end of year$574,399

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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