Overview
What is Lsu Health Foundation New Orleans?
The Lsu Health Foundation New Orleans is a dedicated organization based in New Orleans, Louisiana, with a workforce of 52 employees. It supports Louisiana State University Health Sciences Center-New Orleans (LSUHSC-NO), which was established in 1931 and boasts schools in allied health professions, dentistry, graduate studies, medicine, nursing, and public health, along with centers of excellence and research institutes. The foundation's primary goal is to inspire donors to invest in LSUHSC-NO and its future. It stewards these contributions effectively and helps the institution meet its evolving needs by providing new resources, partnerships, programs, real estate and property leases, auxiliary businesses, and other services. LSUHSC-NO serves over 1,013,000 citizens in the Greater New Orleans region, offering vital patient care in metropolitan New Orleans, Baton Rouge, and Lafayette, with over 1,062,180 patient visits annually. The foundation's efforts directly impact the community by supporting 3,000 students, 2,400 faculty and staff, and 1,000 residents across all schools. The economic impact study from 2021-2022 reveals 4,320 direct jobs and an additional 4,798 jobs, generating $1.6 billion in economic output. The foundation manages approximately 1,500 restricted funds, including the support of 211 scholarships and over $33 million in research funding over the past three years at LSUHSC-NO.
Official website here: www.lsuhealthfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 93% (Four-Star out of Four Star rating)
The Lsu Health Foundation New Orleans has received a commendable Four-Star rating from Charity Navigator, reflecting a strong focus on accountability and financial health. The organization scored 93% in its Accountability & Finance category, demonstrating its commitment to transparency and stewardship of resources. The foundation's independent board is entirely composed of independent members, which enhances its governance structure.
In terms of financial management, the foundation shows a solid program expense ratio of 76.34%, indicating that a significant portion of its funds is directed towards its mission-related programs. Additionally, the organization boasts a low liabilities to assets ratio of 21.77%, portraying a good balance between its debts and assets. The foundation's whistleblower, conflict of interest, and document retention policies are all well-documented, providing confidence in its operational integrity.
However, while the fundraising efficiency ratio indicates a cost of $0.25 to raise a dollar, which is relatively efficient, there is room for improvement in this area to enhance overall fundraising effectiveness. Overall, the Lsu Health Foundation New Orleans demonstrates strong financial health and governance, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Lsu Health Foundation New Orleans legitimate?
Lsu Health Foundation New Orleans is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lsu Health Foundation New Orleans submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $752,274
Professional Fundraising Fees: $0
Other Salaries and Wages: $978,137
For more financial information, click here
Official website here: www.lsuhealthfoundation.org
What is the mission statement of Lsu Health Foundation New Orleans?
The Lsu Health Foundation New Orleans aims to inspire donors to invest in the LSU Health Sciences Center and its future. The foundation's mission is to properly steward those contributions and help meet the ever-evolving needs of the LSU Health Sciences Center by providing new philanthropic and business resources, partnerships, programs, real estate and property leases, auxiliary businesses, and other services that support and strengthen the educational and community mission of the LSU Health Sciences Center.
Official website here: www.lsuhealthfoundation.org
Who is the CEO of Lsu Health Foundation New Orleans?
Dr Warren Gottsegen is the Principal Officer of Lsu Health Foundation New Orleans. The CEO's salary of Lsu Health Foundation New Orleans is $393,846 and their total compensation is $480,550.
Official website here: www.lsuhealthfoundation.org
What is the revenue of Lsu Health Foundation New Orleans?
Lsu Health Foundation New Orleans's revenue in 2022 was $21,944,141.
Official website here: www.lsuhealthfoundation.org
Who are the executives of Lsu Health Foundation New Orleans and what are their salaries?
The average compensation at Lsu Health Foundation New Orleans during 2022 was $33,277. There are 52 employees and 30 volunteers at Lsu Health Foundation New Orleans.
Here are 35 key members and their salaries (Lsu Health Foundation New Orleans's CEO's salary is $393,846 and their total compensation is $480,550):
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Official website here: www.lsuhealthfoundation.org
Where can I find the form 990 for Lsu Health Foundation New Orleans?
Lsu Health Foundation New Orleans's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lsuhealthfoundation.org
Learn more at the official website: www.lsuhealthfoundation.org
Mission Statement of Lsu Health Foundation New Orleans
The Lsu Health Foundation New Orleans plays a pivotal role in inspiring donors to invest in the LSU Health Sciences Center - New Orleans (HSC-NO) and its future. The foundation's mission is threefold: to inspire philanthropic giving, properly steward these contributions, and help meet the evolving needs of the LSU Health Sciences Center - New Orleans.
Inspiring donors is a key aspect of the Lsu Health Foundation New Orleans' mission. By showcasing the potential impact of their investments, the foundation encourages individuals and organizations to support the educational and community mission of HSC-NO. This mission extends beyond just raising funds; it involves fostering new partnerships, programs, and initiatives that bolster the center's capacity to make a difference.
Properly stewarding these contributions is another crucial part of the foundation's role. The Lsu Health Foundation New Orleans ensures that every donated dollar is used effectively and efficiently to further the goals of HSC-NO. By providing resources and services that support and strengthen the center, the foundation plays a vital role in ensuring that donor investments yield meaningful results.
The Lsu Health Foundation New Orleans is an essential partner in helping HSC-NO meet its ever-evolving needs. Through providing new philanthropic and business resources, the foundation plays a significant role in enhancing the center's ability to make a positive impact on the community. Whether it be through auxiliary businesses, partnerships, or real estate and property leases, the foundation's contributions help ensure that the LSU Health Sciences Center - New Orleans continues to thrive and innovate.
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Impact
October, 2024
LSU Health Foundation New Orleans plays a crucial role in enhancing the mission of the Louisiana State University Health Sciences Center (LSUHSC-NO). By inspiring financial investments in the Health Sciences Center, the Foundation contributes to a broad array of essential educational programs, research initiatives, and public service efforts.
Founded in 1931, LSUHSC-NO comprises several schools, including Medicine, Nursing, and Public Health, and has become a center for training healthcare professionals and researchers. Each year, it provides over 1,062,180 patient visits across various clinics and hospitals, directly addressing the healthcare needs of the local community as well as underserved populations throughout Louisiana.
The Foundation significantly impacts local and state economies, supporting over 4,320 direct jobs and contributing an impressive $1.6 billion in economic output, as identified in a recent study. Furthermore, through its stewardship of numerous funds, the Foundation has facilitated vital scholarships and awards for students and faculty, bolstered by over $33 million in research funding over the past three years.
In addition to financial support, LSU Health Foundation New Orleans collaborates with Area Health Education Centers (AHECs) to improve healthcare access in rural and urban areas, thus reinforcing health services for people in need. By fostering partnerships and business resources, the Foundation ensures that LSUHSC-NO can adapt to the ever-evolving healthcare landscape, thereby making a lasting impact on the wellness of the community and the training of future healthcare leaders.
This information is meant to be a general summary of Lsu Health Foundation New Orleans. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,172,260
- Program Service Revenue: $2,699,686
- Gross Receipts: $58,573,526
Assets and Liabilities:
- Total Assets: $192,154,044
- Total Liabilities: $40,621,467
- Net Assets: $151,532,577
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES & CONTRACTS GOV. AGENCIES
Revenue
$2,599,636
FITNESS CENTER REVENUE
Revenue
$100,050
Organization Details
Founding Year
1988
Phone
(504) 568-3712Principal Officer
Dr Warren Gottsegen
Main Address
2000 TULANE AVENUE 4TH FLOOR, NEW ORLEANS, LA, 70112
Website
www.lsuhealthfoundation.orgNTEE Category
Code: E110 - Health
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