Lsu Health Sciences Foundation In Shreveport

Organization Overview

Lsu Health Sciences Foundation In Shreveport is located in Shreveport, LA. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Lsu Health Sciences Foundation In Shreveport employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lsu Health Sciences Foundation In Shreveport 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, Lsu Health Sciences Foundation In Shreveport generated $53.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $17.0m during the year ending 06/2021. While expenses have increased by 9.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE SOLE MISSION OF THE FOUNDATION IS TO INSPIRE DONORS TO INVEST IN LSU HEALTH SHREVEPORT AND TO PROPERLY STEWARD CONTRIBUTIONS TOWARD ITS SUPPORT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SOLE MISSION OF THE LSU HEALTH SCIENCES FOUNDATION IS TO SUPPORT, ENHANCE AND ASSIST THE LSU MEDICAL CENTER IN SHREVEPORT. THE FOUNDATION WILL ACCOMPLISH THIS MISSION BY:1) EXPANDING THE AWARENESS OF THE MEDICAL CENTER'S MANY CONTRIBUTIONS TO MEDICAL RESEARCH, EDUCATION OF MEDICAL PROFESSIONS AND QUALITY HEALTH CARE.2) DEVELOPING AND ENHANCING FINANCIAL SUPPORT FOR THE ENDEAVORS OF THE MEDICAL CENTER IN SHREVEPORT.3) PROVIDING THE MEANS THROUGH WHICH FINANCIAL SUPPORT IS RECEIVED AND ADMINISTERED.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Flood
President & CEO
$160,441
Brigette Rose
CFO
$143,420
Edward Crawford III
Treasurer
$0
Valarie Jamison
Secretary/audit Chair
$0
Tom Ostendorff III
Vice Chair/development Chair
$0
Armand Roos
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Victor Yick
Lsuhsc Consulting Service
$528,000
Ecg Management Consultants Llc
Lsuhsc Consulting Service
$107,742
Bruce Solomon Consultant Llc
Lsuhsc Consulting Service
$395,500
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$34,418,244
Investment income $14,427,081
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,314,524
Net Income from Fundraising Events -$11,859
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $53,948,217

Grants Recieved

Over the last fiscal year, we have identified 16 grants that Lsu Health Sciences Foundation In Shreveport has recieved totaling $1,336,873.

Awarding OrganizationAmount
Ochsner Clinic Foundation

New Orleans, LA

PURPOSE: GENERAL ASSISTANCE

$1,000,000
Community Foundation Of North Louisiana

Shreveport, LA

PURPOSE: FOR THE BENEFIT OF THE MOLLIE E. WEBB SPEECH AND HEARING CENTER; FOR THE FEIST-WEILLER CANCER CENTER; FOR A STUDY ON MICROGREENS FOR MEDICAL HEALTH; GIVE FOR GOOD GRANT; FOR AN EVENING FOR HEALERS.

$100,516
Community Foundation Of North Texas

Fort Worth, TX

PURPOSE: FOR GENERAL PURPOSES

$51,000
Chaparral Foundation

Shreveport, LA

PURPOSE: CHARITABLE

$45,000
Lwcc Foundation

Baton Rouge, LA

PURPOSE: TRAINING FOR COMMUNITY HEALTH WORKERS FOR THE EAT RIGHT AND MOVE PROGRAM

$36,525
Fred L Phillips Foundation

Shreveport, LA

PURPOSE: UNRESTRICTED GRANT TO 501(C)(3) ORGANIZATION

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$115,653,271
Earnings$35,108,328
Admin Expense$1,920,355
Net Contributions$1,729,310
Other Expense$3,780,212
Ending Balance$146,790,342

Peer Organizations

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