Overview
What is Lourdes Foundation Inc?
Lourdes Foundation Inc, based in Baton Rouge, Louisiana, serves as a charitable organization that supports Our Lady of the Lourdes Regional Medical Center. Their primary mission is to enhance the hospital's usefulness to the citizens of Lafayette Parish, Louisiana, and the USA, by facilitating and securing donations for charitable healthcare programs and services. The foundation's activities aim to augment the medical center's mission, which may not be covered by conventional resources. They strive to promote the welfare of the hospital, thereby contributing to the community's health and wellbeing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
The Lourdes Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The charity scored 92% overall, with all aspects of the score derived from a single beacon focused on financial metrics. This high score indicates a well-managed organization that prioritizes transparency and responsible financial practices.
Strengths of the Lourdes Foundation include a fully independent board of directors, with all members meeting best practices for governance. The organization demonstrates exemplary financial oversight, with no material diversion of assets and adherence to conflict of interest policies. Additionally, the program expense ratio stands at an impressive 89.24%, showcasing a commitment to utilizing funds effectively towards its mission.
Despite its strengths, there are no noted limitations in the provided data. The charity's financial health appears robust, with a low liabilities to assets ratio of 2.37% and an excellent working capital ratio of 8.24 years, indicating it is well-positioned to sustain its operations. Overall, the Lourdes Foundation Inc is recognized as a trustworthy nonprofit with a strong track record in financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Lourdes Foundation Inc legitimate?
Lourdes Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lourdes Foundation Inc 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:
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What is the mission statement of Lourdes Foundation Inc?
The Lourdes Foundation Inc's mission is centered around facilitating charitable contributions to support healthcare programs and services. These initiatives are aimed at enhancing the mission of Our Lady of Lourdes Regional Medical Center Inc., which may not be fully funded through traditional resources. The foundation provides grants to, or on behalf of, the medical center to improve the hospital's welfare and increase its usefulness to the citizens of Lafayette Parish, Louisiana, and the USA. Essentially, the Lourdes Foundation Inc. works to bolster the medical center's capabilities and benefits for its community.
What is the revenue of Lourdes Foundation Inc?
Lourdes Foundation Inc's revenue in 2023 was $2,333,947.
Who are the executives of Lourdes Foundation Inc and what are their salaries?
There 28 volunteers at Lourdes Foundation Inc.
Here are 28 key members and their salaries:
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- Related: $451,280
- Other: $29,173
Where can I find the form 990 for Lourdes Foundation Inc?
Lourdes Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lourdes Foundation Inc
Lourdes Foundation Inc is committed to facilitating charitable contributions that bolster healthcare programs and services aligned with the mission of Our Lady of Lourdes Regional Medical Center, Inc. This nonprofit organization's primary aim is to provide support for initiatives that are not funded through conventional resources. By granting funds to or on behalf of Our Lady of Lourdes Regional Medical Center, Lourdes Foundation Inc strives to enhance the welfare of the hospital and increase its utility to the citizens of various regions, including Lafayette Parish, Louisiana, and the United States. In essence, Lourdes Foundation Inc plays a crucial role in enhancing the medical center's capabilities and making high-quality healthcare more accessible to a broader community.
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Impact
July, 2024
Lourdes Foundation Inc's impact is profound in providing charitable healthcare programs and services that support the mission of Our Lady of Lourdes Regional Medical Center, Inc. This organization seeks and facilitates gifts to promote the welfare of the hospital and increase its usefulness to the citizens of Lafayette Parish, Louisiana, and the USA. Through their philanthropic efforts, they help ensure that vital healthcare services are accessible to those in need, ultimately improving the well-being of individuals and communities.
This information is meant to be a general summary of Lourdes Foundation Inc. 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 2023.
- Investment Income: $47,314
- Gross Receipts: $3,358,993
Assets and Liabilities:
- Total Assets: $11,692,127
- Total Liabilities: $45,096
- Net Assets: $11,647,031
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Organization Details
Founding Year
2001
Principal Officer
Stephanie Manson
NTEE Category
Code: T30 - Philanthropy
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