St Margarets Foundation
- Assets
- $30.0m
- Revenue
- $1.9k
- Investments
- $657.2k
- Employees
- 4
- Location
- New Orleans, LA
- Founding
- 07/2011
- Data as of
- 06/2021
- EIN
- 27-2362741
Organization Overview
St Margarets Foundation is located in New Orleans, LA. The organization was established in 2011. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, St Margarets Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Margarets Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, St Margarets Foundation generated $1.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (66.1%) each year. All expenses for the organization totaled $463.7k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, St Margarets Foundation has awarded 14 individual grants totaling $327,228. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHARITABLE, RESEARCH, RENDERING OF OTHER SERVICES RELATED TO HEALTHCARE, RENDERING REHABILITATION SERVICES INCLUDING PURCHASING, ACQUIRING, MAINTAINING, OPERATING, DEVELOPING AND LEASING REAL PROPERTY, AND RECEIVING AND ADMINISTERING DONATIONS OF MONEY, SERVICES, PROPERTY, OR OTHER THINGS OF VALUE FOR CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF HEALTHCARE FACILITY TO PROVIDE HEALTHCARE SERVICES TO INDIGENT POPULATION/AREA AND PROVIDE/DEVELOP EDUCATIONAL PROGRAMS IN HEALTHCARE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Stansberry III President/ceo | OfficerTrustee | 20 | $107,523 |
Pat Arnold Secretary/treasurer | OfficerTrustee | 1 | $0 |
Lance Stansberry Board Member | Trustee | 1 | $0 |
John Wolfe Board Member | Trustee | 1 | $0 |
Collin Stansberry Board Member | Trustee | 1 | $0 |
John Sweet Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,288 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,524 |
| Compensation of current officers, directors, key employees. | $10,753 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,668 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,159 |
| Fees for services: Accounting | $8,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,080 |
| Advertising and promotion | $0 |
| Office expenses | $1,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,368 |
| Travel | $8,304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,920 |
| Interest | $2,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171 |
| Insurance | $25,797 |
| All other expenses | $389 |
| Total functional expenses | $463,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,446,294 |
| Savings and temporary cash investments | $33,686 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,994,060 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,666,914 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,145,021 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $657,234 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,095,280 |
| Total assets | $30,038,489 |
| Accounts payable and accrued expenses | $165,898 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $903,243 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85,625 |
| Total liabilities | $1,154,766 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $28,883,723 |
| Total liabilities and net assets/fund balances | $30,038,489 |
Grants Awarded
Over the last fiscal year, St Margarets Foundation has awarded $65,026 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: DONATION PLEDGE FOR OPERATIONS | $27,825 |
Metairie, LA PURPOSE: DONATION PLEDGE FOR OPERATIONS | $26,201 |
ST ANTHONY OF PADUA CHURCH PURPOSE: DONATION PLEDGE FOR OPERATIONS | $6,000 |
New Orleans, LA PURPOSE: DONATION PLEDGE FOR OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baylor Scott & White Medical Center - Centennial Dallas, TX | $137,105,077 | $106,216,316 |
Hill Country Memorial Hospital Fredericksburg, TX | $246,858,307 | $102,790,057 |
Community Hospital Of Brazosport Lake Jackson, TX | $81,245,268 | $88,570,423 |
Texas Health Harris Methodist Hospital Cleburne Cleburne, TX | $33,076,475 | $91,535,672 |
Baptist Memorial Hospital Union County Inc New Albany, MS | $42,538,210 | $93,451,151 |
Huntsville Community Hospital Inc Huntsville, TX | $39,825,804 | $79,504,131 |
Our Lady Of The Lake Ascension Community Hospital D/B/A St Elizabeth Hospital Gonzales, LA | $0 | $78,039,267 |
Arkansas Methodist Hospital Corporation Paragould, AR | $77,904,998 | $67,012,141 |
Heart Of Texas Community Health Center Inc Waco, TX | $45,785,038 | $74,486,899 |
Texas Health Hospital Mansfield Mansfield, TX | $170,784,990 | $33,017,334 |
Arkansas Childrens Northwest Inc Little Rock, AR | $198,332,902 | $80,328,935 |
Hendrick Medical Center Brownwood Abilene, TX | $108,207,008 | $68,073,370 |