Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 cents of each dollar spent went to programs.
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
10 people listed on the 990; $183K paid to officers and key staff.
Nadareca Thibeaux’s $183K as Executive Director is at the 60th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Nadareca Thibeaux | $183,394 | $175,134 | $154,599 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Develops a safe, clean, and innovative medical education district.
Questions for Lou Med INC
Your first name shows with your question. Lou Med INC answers here, for everyone.
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The louisville medical and educational district is home to four interconnected institutions: jefferson community & technical college, norton healthcare, university of louisville health sciences center, and uofl health.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.7M | $2.3M |
| Land, buildings, equipmentLn 10c | $0 | $3.9M |
| Total assetsLn 16 | $1.8M | $6.2M |
| LiabilitiesLn 26 | $50K | $0 |
| Net assetsLn 32 | $1.7M | $6.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $220K | $220K | ||
| Other salaries and wagesLn 7 | $69K | $69K | ||
| Pension plan contributionsLn 8 | $2K | $2K | ||
| Other employee benefitsLn 9 | $4K | $4K | ||
| Payroll taxesLn 10 | $19K | $19K | ||
| Legal feesLn 11b | $30K | $30K | ||
| Accounting feesLn 11c | $44K | $44K | ||
| Other fees for servicesLn 11g | $104K | $104K | ||
| Advertising and promotionLn 12 | $123K | $122K | $2K | |
| Office expensesLn 13 | $2K | $2K | ||
| Information technologyLn 14 | $12K | $588 | $11K | |
| TravelLn 17 | $21K | $21K | ||
| InsuranceLn 23 | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $1.0M | $1.0M | $4K | |
| Total functional expensesLn 25 | $1.7M | $1.6M | $119K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $6.1M | $1.7M | $4.4M | $6.2M | 990 PDF |
| FY2024 | $3.6M | $1.7M | $1.9M | $1.7M | 990 PDF |
| FY2023 | $1.1M | $1.3M | −$177K | −$177K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $6,123,713 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 3 to look at
Part VIII · Statement of revenue $6,123,713 across 6 lines filed
Part IX · Statement of functional expenses $1,683,837 across 14 lines filed
Part X · Balance sheet $6,175,695 assets, 9 lines filed
Part XI · Reconciliation of net assets $6,175,695 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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