Civic Intelligence

Lane Rmc Foundation

990 • Fiscal year 2021 • EIN 26-0217428

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 07, 2022

6300 Main StreetZachary, LA 70791

(225) 658-4303

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

2.71x

Higher debt load relative to assets than 98% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

8.80x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

5th percentile

-214%

Higher net margin than 5% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$66,544

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 211.1% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

68th percentile

23%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

56th percentile

12%

Faster revenue growth than 56% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$102,200

Up $19,072 (+23%) from 2020

Net Assets

Down

-$175,122

Down $67,333 (-62%) from 2020

Liabilities

Up

$277,322

Up $86,405 (+45%) from 2020

Revenue

Up

$31,522

Up $3,405 (+12%) from 2020

Expenses

Up

$98,855

Up $8,885 (+9.9%) from 2020

Net Income

Down

-$67,333

Down $5,480 (-8.9%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$500K$0-$500KAssets 2015: $12,160Liabilities 2015: $0Net Assets 2015: $12,1602015Assets 2016: $21,981Liabilities 2016: $0Net Assets 2016: $21,9812016Assets 2017: $0Liabilities 2017: $28,715Net Assets 2017: -$28,7152017Assets 2018: $104,449Liabilities 2018: $13,869Net Assets 2018: $90,5802018Assets 2019: $69,298Liabilities 2019: $115,234Net Assets 2019: -$45,9362019Assets 2020: $83,128Liabilities 2020: $190,917Net Assets 2020: -$107,7892020Assets 2021: $102,200Liabilities 2021: $277,322Net Assets 2021: -$175,1222021Assets 2022: $91,182Liabilities 2022: $368,646Net Assets 2022: -$277,4642022Assets 2023: $138,672Liabilities 2023: $474,409Net Assets 2023: -$335,7372023Assets 2024: $197,697Liabilities 2024: $473,996Net Assets 2024: -$276,2992024

Highlighted filing

2021

Assets$102,200
Liabilities$277,322
Net Assets-$175,122

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2015: $192,661Expenses 2015: $180,501Net Income 2015: $12,1602015Revenue 2016: $103,739Expenses 2016: $93,916Net Income 2016: $9,8232016Revenue 2017: $40,918Expenses 2017: $91,614Net Income 2017: -$50,6962017Revenue 2018: $73,992Expenses 2018: $109,837Net Income 2018: -$35,8452018Revenue 2019: $55,811Expenses 2019: $192,327Net Income 2019: -$136,5162019Revenue 2020: $28,117Expenses 2020: $89,970Net Income 2020: -$61,8532020Revenue 2021: $31,522Expenses 2021: $98,855Net Income 2021: -$67,3332021Revenue 2022: $33,273Expenses 2022: $135,615Net Income 2022: -$102,3422022Revenue 2023: $52,560Expenses 2023: $110,833Net Income 2023: -$58,2732023Revenue 2024: $72,916Expenses 2024: $13,479Net Income 2024: $59,4372024

Highlighted filing

2021

Revenue$31,522
Expenses$98,855
Net Income-$67,333
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 7, 2022
Return Version
2020v4.2
Gross Receipts
$34,947
Mission and Program Overview

Mission

The mission of the lane regional medical center foundation is to support the hospital in its goal of providing the very best healthcare services, technologies and programs to every patient that enters our doors. The lane rmc foundation provides an avenue for community involvement and philanthropic giving to help lane regional medical center provide life-saving services and technologies. It is the foundation's ongoing goal for every gift, however large or small, to play an important role in supporting specific projects identified by the foundation board that complements the mission of lane regional medical center. Corporate, community and employee volunteers work together through the foundation to raise money from individuals, corporations and other foundations to build and sustain a financial legacy ensuring healthcare excellence for future generations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$81,600$101,702▲ $20,102
Accounts Receivable$1,528$498▼ $1,030
Total Assets$83,128$102,200▲ $19,072
Liabilities
Unsecured Notes Loans Payable$190,917$277,322▲ $86,405
Total Liabilities$190,917$277,322▲ $86,405
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-107,789$-175,122▼ $67,333
Total Net Assets Fund Balance$-107,789$-175,122▼ $67,333
Total Liabilities and Net Assets / Fund Balance$83,128$102,200▲ $19,072
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Theresa PaymentExecutive DirectorFT$52,015$14,529$66,544

Board Members and Trustees

NameTitle
Donna KlinePresident
Dr Elizabeth HeirtzlerVice President
Brandon FredericBoard Director
Brian GuidryBoard Director
Charlene SmithBoard Director
Christy TurnerBoard Director
Jennifer BoydBoard Director
LAURA O'BRIENBoard Director
Teresa WebbBoard Director
Revenue and Support

Revenue Composition

Contributions and Grants
$24,247
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$7,275
All Other Contributions
$24,247
Change in Net Assets
$-67,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$80,679
Total Fundraising Expense$32,360
Other Expenses$18,176
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$31,396$12,558$18,838$62,792
Other Employee Benefits$8,944$3,577$5,366$17,887
Travel$1,629$652$977$3,258
Office Expenses$247$99$148$494
Advertising$192$77$115$384
Other Expenses$18$7$11$36
Total Functional Expenses$47,497$18,998$32,360$98,855
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,700
Fundraising Direct Expenses$3,425
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The foundation is a type 1 supporting organization. Type 1 supported organizations typically give the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization.

Form 990, Part VI, Section B, Line 11B

Upon completion of a final draft of form 990, a copy of the draft is sent to each member of the board with the instructions and time frame for submitting questions or comments. At the completion of the review, any approved modifications are incorportated into the final form 990 and it is filed with the irs.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy shall be reviewed annually by the board.

Form 990, Part VI, Section B, Line 15

The ceo of the hospital meets annually to review the current salary of the executive director and evaluates job performance. The committee makes recommendations for changes in compensation based on those criteria, while also taking into consideration the foundation's financial situation. The foundation relies on comparable data to determine the amount of compensation, and documentation is maintained regarding the determination of these amounts. Those responsible for determining compensation are independent of those being compensated.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interst policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Lane Rmc Foundation
EIN
26-0217428
Phone
2256584303
Address
6300 MAIN STREET, ZACHARY, LA 70791

Signing Officer

Name
Larry Meese
Title
President
Phone
2256584303
Signed
2022-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Meese
Formed
2006
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
45

Preparer

Firm
Laporte Apac
Address
111 VETERANS MEMORIAL BLVD 600, METAIRIE, LA 70005-4958
Preparer
Bruce S Prendergast Ms CPA
Phone
5048355522
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0HOSPITAL SERVICE DISTRICT NO. 1 OF EAST BATON ROUGE PARISH, LOUISIANA, D/B/A/ LANE REGIONAL MEDICAL CENTER (THE HOSPITAL) IS A GOVERNMENTAL ENTITY LOCATED IN ZACHARY, LOUISIANA. THE HOSPITAL, WHICH WAS CREATED BY THE METROPOLITAN COUNCIL OF THE CITY OF BATON ROUGE AND THE PARISH OF EAST BATON ROUGE (THE CITY PARISH) ON JUNE 12, 1957, UNDER THE LOUISIANA REVISED STATUTE TITLE 46 SECTION 1091, PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES FOR RESIDENTS OF SOUTHERN LOUISIANA AND MISSISSIPPI. THE HOSPITAL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. LANE REGIONAL MEDICAL CENTER FOUNDATION IS A SUPPORTING ORGANIZATION OF THE GOVERNMENTAL ENTITY. THE HOSPITAL IS A 509(A)(1) BECAUSE 509(A)(1) INCLUDES 170(B)(1)(A) OTHER THAN (VII) & (VIII). AS A GOVERNMENTAL ENTITY THE HOSPITAL IS A 170(B)(1)(A)(V). AS A HOSPITAL, THE HOSPITAL, IS A 170(B)(1)(A) (III). THEREFORE, THE HOSPITAL IS A 509(A)(1).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 2:
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LANE REGIONAL MEDICAL CENTER HOSPITAL
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A TYPE 1 SUPPORTING ORGANIZATION. TYPE 1 SUPPORTED ORGANIZATIONS TYPICALLY GIVE THE SUPPORTED ORGANIZATION(S) THE POWER TO REGULARLY APPOINT OR ELECT A MAJORITY OF THE DIRECTORS OR TRUSTEES OF THE SUPPORTING ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON COMPLETION OF A FINAL DRAFT OF FORM 990, A COPY OF THE DRAFT IS SENT TO EACH MEMBER OF THE BOARD WITH THE INSTRUCTIONS AND TIME FRAME FOR SUBMITTING QUESTIONS OR COMMENTS. AT THE COMPLETION OF THE REVIEW, ANY APPROVED MODIFICATIONS ARE INCORPORTATED INTO THE FINAL FORM 990 AND IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY SHALL BE REVIEWED ANNUALLY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CEO OF THE HOSPITAL MEETS ANNUALLY TO REVIEW THE CURRENT SALARY OF THE EXECUTIVE DIRECTOR AND EVALUATES JOB PERFORMANCE. THE COMMITTEE MAKES RECOMMENDATIONS FOR CHANGES IN COMPENSATION BASED ON THOSE CRITERIA, WHILE ALSO TAKING INTO CONSIDERATION THE FOUNDATION'S FINANCIAL SITUATION. THE FOUNDATION RELIES ON COMPARABLE DATA TO DETERMINE THE AMOUNT OF COMPENSATION, AND DOCUMENTATION IS MAINTAINED REGARDING THE DETERMINATION OF THESE AMOUNTS. THOSE RESPONSIBLE FOR DETERMINING COMPENSATION ARE INDEPENDENT OF THOSE BEING COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0LANE REGIONAL MEDICAL CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LANE REGIONAL MEDICAL CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0726015227
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOSPITAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06300 MAIN ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ZACHARY
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990ScheduleR/TransferToOtherOrgInd00
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IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt083128
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IRS990/TotalAssetsGrp/BOYAmt083128
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IRS990/TotalContributionsAmt024247
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt032360
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018998
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt047497
IRS990/TotalFunctionalExpensesGrp/TotalAmt098855
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0190917
IRS990/TotalLiabilitiesEOYAmt0277322
IRS990/TotalLiabilitiesGrp/BOYAmt0190917
IRS990/TotalLiabilitiesGrp/EOYAmt0277322
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-107789
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-175122
IRS990/TotalOtherCompensationAmt014529
IRS990/TotalProgramServiceExpensesAmt047497
IRS990/TotalReportableCompFromOrgAmt052015
IRS990/TotalRevenueGrp/ExclusionAmt07275
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt031522
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt045
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0977
IRS990/TravelGrp/ManagementAndGeneralAmt0652
IRS990/TravelGrp/ProgramServicesAmt01629
IRS990/TravelGrp/TotalAmt03258
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IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.LANERMCFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY MEESE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02256584303
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LANE RMC FOUNDATION

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