Overview
What is Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties)?
Louisiana Strategic Research Initiative Inc., formerly known as Margaret Place Properties, is a nonprofit organization situated in Shreveport, Louisiana. Its primary objective is to acquire a former hospital property, St. Mary Campus, originally operated by Christus Health Northern Louisiana. The organization intends to use this property to establish a comprehensive health care campus, offering efficient and cost-effective health care services, educational programs, and research facilities to the citizens of Northwest Louisiana. To achieve this, the nonprofit will lease the St. Mary Campus facilities to exempt and non-exempt health care providers, educational entities, and research entities that align with its charitable purpose. In 2022, the organization donated $561,000 to the LSU Health Science Foundation for the Emerging Viral Threats (CEVT) endowment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
Louisiana Strategic Research Initiative Inc, formerly known as Margaret Place Properties, has earned a commendable Three-Star rating from Charity Navigator, reflecting an 80% overall score. This score is derived entirely from its Accountability & Finance metrics, indicating a strong emphasis on financial integrity and transparency within the organization.
The organization demonstrates several strengths, including a fully independent board, which consists of 100% independent members. They have a solid program expense ratio of 94.14%, suggesting that a significant portion of their funds directly supports their programs. Additionally, there are no material diversions of assets reported, and they have a robust conflict of interest policy in place, contributing to their high accountability score.
However, while the organization shows a strong commitment to financial responsibility, potential donors and supporters may want to look for further information regarding program effectiveness and overall impact, as the rating focuses primarily on financial metrics. Overall, Louisiana Strategic Research Initiative Inc seems to prioritize accountability and efficient use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties) legitimate?
Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties) 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties)?
The Louisiana Strategic Research Initiative Inc., formerly known as Margaret Place Properties, is established with the aim of acquiring a former hospital property owned by Christus Health Northern Louisiana. The corporation intends to receive this property, known as St. Mary Campus, as a donation before June 30th, 2017. Its charitable purpose is to be realized by leasing St. Mary Campus facilities to both exempt and non-exempt healthcare providers, educational entities, and research entities. This activity allows the corporation to provide an efficient, cost-effective, and integrated healthcare campus and healthcare education and research center, benefiting the citizens of Northwest Louisiana. The corporation restricts leasing to entities that align with its exempt purpose.
Who is the CEO of Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties)?
Kevin Flood is the President of Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties).
What is the revenue of Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties)?
Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties)'s revenue in 2022 was $89.
Who are the executives of Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties) and what are their salaries?
There 6 volunteers at Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties).
Here are 6 key members and their salaries:
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- Other: $0
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- Related: $168,766
- Other: $15,968
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Where can I find the form 990 for Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties)?
Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties)'s most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties)
Louisiana Strategic Research Initiative Inc., formerly known as Margaret Place Properties, is organized with a specific mission. This nonprofit corporation aims to acquire real property, previously operated as a hospital by Christus Health Northern Louisiana, with the intention of receiving this property, known as the St. Mary Campus, as a donation by June 30th, 2017. The charitable purpose of this corporation will be fulfilled through leasing St. Mary Campus facilities to exempt and non-exempt health care providers, health-care educational entities, and health-care research entities. This activity allows the corporation to provide an efficient, cost-effective, and integrated health care campus and health-care education and research center for the citizens of Northwest Louisiana, all through its tenants. The corporation is prohibited from leasing to entities that do not further its exempt purpose.
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Impact
October, 2024
Louisiana Strategic Research Initiative Inc (formerly Margaret Place Properties) plays a pivotal role in advancing healthcare access and education in Northwest Louisiana. By acquiring the St. Mary Campus, which was previously operated as a hospital by CHRISTUS Health, the organization is poised to create a comprehensive health care hub.
The initiative focuses on leasing facilities to various health-care providers, educational institutions, and research entities, thereby fostering an integrated environment for health care delivery, training, and innovative research. This collaboration not only enhances the efficiency and cost-effectiveness of healthcare services but also expands opportunities for education and research, benefitting local communities.
In 2022, the organization significantly contributed $561,000 to the LSU Health Science Foundation for the Emerging Viral Threats endowment, underscoring its commitment to addressing public health challenges. By supporting such initiatives, Louisiana Strategic Research Initiative Inc is making a meaningful impact on the healthcare landscape, improving outcomes for residents in the region.
This information is meant to be a general summary of Louisiana Strategic Research Initiative Inc (Fka Margaret Place Properties). 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: $89
- Gross Receipts: $89
Assets and Liabilities:
- Total Assets: $2,255
- Total Liabilities: $0
- Net Assets: $2,255
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Organization Details
Founding Year
2017
Phone
(318) 221-9600Principal Officer
Kevin Flood
Main Address
920 PIERREMONT RD 506, SHREVEPORT, LA, 71106
NTEE Category
Code: E60 - Health
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