Spirit Of Charity Foundation
- Assets
- $1.4m
- Revenue
- $385.4k
- Investments
- $1.1m
- Employees
- 1
- Location
- New Orleans, LA
- Founding
- 11/1995
- Data as of
- 06/2022
- EIN
- 72-1251751
Organization Overview
Spirit Of Charity Foundation is located in New Orleans, LA. The organization was established in 1995. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spirit Of Charity 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 06/2022, Spirit Of Charity Foundation generated $385.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $565.9k during the year ending 06/2022. While expenses have increased by 21.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF THE SPIRIT OF CHARITY FOUNDATION TO SUPPORT AND FACILITATE PATIENT-CENTERED CARE, ACTIVELY PROMOTE HEALTH AND WELLNESS AND TO ADVANCE MEDICAL RESEARCH AND EDUCATION THROUGH FUNDRAISING EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO THE UNIVERSITY MEDICAL CENTER NEW ORLEANS (UMCNO) BY SUPPORTING STAFF EDUCATION AND PROVIDING MEDICATIONS, TRANSPORTATION, DURABLE MEDICAL EQUIPMENT AND NUTRITIONAL SUPPLEMENTS TO PATIENTS.
TO PROVIDE TRAINING TO MEMBERS OF THE MEDICAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Incaprera MD President | OfficerTrustee | 1 | $0 |
Damon Dietrich MD Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
Richard Dicarlo MD Board Member | Trustee | 0.3 | $0 |
Steve Nelson MD Ex-Officio | Trustee | 0.3 | $0 |
Bennett Deboisblanc MD Board Member | Trustee | 0.3 | $0 |
Juzar Ali MD Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,575 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,979 |
| Total Program Service Revenue | $0 |
| Investment income | $57,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,141 |
| Net Income from Fundraising Events | $19,261 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $385,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,650 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,345 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,194 |
| Payroll taxes | $5,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,124 |
| Advertising and promotion | $0 |
| Office expenses | $9,446 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $52,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,597 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,658 |
| All other expenses | $14,203 |
| Total functional expenses | $565,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,548 |
| Savings and temporary cash investments | $159,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,054 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,071,960 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,128 |
| Total assets | $1,371,477 |
| Accounts payable and accrued expenses | $110,964 |
| Grants payable | $0 |
| Deferred revenue | $29,250 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,214 |
| Total liabilities | $171,428 |
| Net assets without donor restrictions | $440,543 |
| Net assets with donor restrictions | $759,506 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,371,477 |
Grants Awarded
Over the last fiscal year, Spirit Of Charity Foundation has awarded $34,872 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LUKE'S HOUSE A CLINIC FOR HEALING AND HOPE PURPOSE: ONE TIME DONATION FOR GENERAL ASSISTANCE | $20,000 |
DO VITAMINS HOLDINGS LLC PURPOSE: MEDICAL RESEARCH - AMINO ACID | $5,000 |
TULANE UNIVERSITY PURPOSE: T-CELL PROJECT & EMPLOYEE BURNOUT | $9,872 |