Civic Intelligence

Lafayette General Foundation Inc.

990 • Fiscal year 2019 • EIN 37-1766778

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 05, 2020

1214 Coolidge StreetLafayette, LA 70503

(337) 289-8954

Siviq Scores

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

Liabilities / Assets

44th percentile

0.11x

Higher debt load relative to assets than 44% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

0.53x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

80th percentile

24%

Higher net margin than 80% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

99th percentile

$1,965,183

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 116.6% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

77th percentile

15%

Faster asset growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

35th percentile

-1.0%

Faster revenue growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$8,195,116

Up $1,089,989 (+15%) from 2018

Net Assets

Up

$7,308,732

Up $263,845 (+3.7%) from 2018

Liabilities

Up

$886,384

Up $826,144 (+1371%) from 2018

Revenue

Down

$1,685,054

Down $17,390 (-1.0%) from 2018

Expenses

Up

$1,284,467

Up $74,666 (+6.2%) from 2018

Net Income

Down

$400,587

Down $92,056 (-19%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2015: $1,327,822Liabilities 2015: $504,000Net Assets 2015: $823,8222015Assets 2016: $3,346,189Liabilities 2016: $128,519Net Assets 2016: $3,217,6702016Assets 2017: $5,628,694Liabilities 2017: $48,879Net Assets 2017: $5,579,8152017Assets 2018: $7,105,127Liabilities 2018: $60,240Net Assets 2018: $7,044,8872018Assets 2019: $8,195,116Liabilities 2019: $886,384Net Assets 2019: $7,308,7322019Assets 2020: $7,698,299Liabilities 2020: $1,618,771Net Assets 2020: $6,079,5282020Assets 2021: $15,401,276Liabilities 2021: $4,070,750Net Assets 2021: $11,330,5262021Assets 2022: $16,378,629Liabilities 2022: $5,498,143Net Assets 2022: $10,880,4862022Assets 2023: $17,587,900Liabilities 2023: $6,204,831Net Assets 2023: $11,383,0692023Assets 2024: $21,298,924Liabilities 2024: $6,766,299Net Assets 2024: $14,532,6252024

Highlighted filing

2019

Assets$8,195,116
Liabilities$886,384
Net Assets$7,308,732

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $1,573,494Expenses 2015: $736,439Net Income 2015: $837,0552015Revenue 2016: $2,743,168Expenses 2016: $711,804Net Income 2016: $2,031,3642016Revenue 2017: $2,651,581Expenses 2017: $880,296Net Income 2017: $1,771,2852017Revenue 2018: $1,702,444Expenses 2018: $1,209,801Net Income 2018: $492,6432018Revenue 2019: $1,685,054Expenses 2019: $1,284,467Net Income 2019: $400,5872019Revenue 2020: $198,563Expenses 2020: $355,225Net Income 2020: -$156,6622020Revenue 2021: $4,645,711Expenses 2021: $1,112,112Net Income 2021: $3,533,5992021Revenue 2022: $993,714Expenses 2022: $1,041,784Net Income 2022: -$48,0702022Revenue 2023: $1,648,940Expenses 2023: $1,518,128Net Income 2023: $130,8122023Revenue 2024: $860,798Expenses 2024: $832,528Net Income 2024: $28,2702024

Highlighted filing

2019

Revenue$1,685,054
Expenses$1,284,467
Net Income$400,587
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 5, 2020
Return Version
2018v3.2
Gross Receipts
$1,862,942
Mission and Program Overview

Mission

The lafayette general foundation was created to support lafayette general health (lgh), acadiana's only community-owned, nonprofit health system. We exist to help fulfill lgh's mission, to restore, maintain and improve health. Our role is to find and connect the pieces, people and processes with our resources, our supporters and our heads and hearts. With the generosity of our supporters and donors, and by eagerly listening to our staff, patients and our community, we help provide innovations that transform how care is delivered. We fundraise, boost projects and aim to improve outcomes satisfaction and create a healthier future for all.

The lafayette general foundation was created to support lafayette general health (lgh), acadiana's only community-owned, nonprofit health system. We exist to help fulfill lgh's mission, to restore, maintain and improve health. Our role is to find and connect the pieces, people and processes with our resources, our supporters and our heads and hearts. With the generosity of our supporters and donors, and by eagerly listening to our staff, patients and our community, we help provide innovations that transform how care is delivered. We fundraise, boost projects and aim to improve outcomes, satisfaction and create a healthier future for all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,610,808$3,881,359▲ $1,270,551
Investments Other Securities$2,196,091$2,246,091▲ $50,000
Cash and Non-Interest-Bearing Accounts$1,002,654$844,256▼ $158,398
Land, Buildings, and Equipment, Net$471,571$464,245▼ $7,326
Accounts Receivable$816,667$411,342▼ $405,325
Total Assets$7,105,127$8,195,116▲ $1,089,989
Other Assets Total$7,336$347,823▲ $340,487
Liabilities
Other Liabilities$0$840,324▲ $840,324
Accounts Payable and Accrued Expenses$60,240$46,060▼ $14,180
Total Liabilities$60,240$886,384▲ $826,144
Net Assets / Fund Balance
Unrestricted Net Assets$4,320,855$4,508,553▲ $187,698
Temporarily Rstr Net Assets$2,724,032$2,800,179▲ $76,147
Total Net Assets Fund Balance$7,044,887$7,308,732▲ $263,845
Total Liabilities and Net Assets / Fund Balance$7,105,127$8,195,116▲ $1,089,989

Asset Categories

AssetBook ValueDepreciationBasis
Land$384,000-$384,000
Buildings$80,245$20,755$101,000
Other Securities$25,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Nancy BroadhurstExecutive DirectorFT$119,330$119,330

Board Members and Trustees

NameTitle
Boyd AndersonChairman
David CallecodTrustee/president
William FenstermakerVice Chairman
Cian RobinsonFormer Executive Director
Jared S QuoyeserTrustee
Madlyn HilliardTrustee
Randy HaynieSecretary
Arthur PriceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,450,124
Program Service Revenue
$0
Investment Income
$146,420
Other Revenue
$88,510
All Other Contributions
$1,188,899
Change in Net Assets
$400,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$696,927
Salaries, Compensation, and Employee Benefits$385,143
Other Expenses$202,397
Total Fundraising Expense$146,888
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$686,927--$686,927
Other Salaries and Wages$159,123$79,562$79,562$318,247
Office Expenses$47,095$23,548$23,548$94,191
Advertising$19,104$9,552$9,552$38,208
Other Employee Benefits$18,868$9,434$9,434$37,736
Fees for Services Management$11,525$5,762$5,762$23,049
Payroll Taxes$11,508$5,754$5,754$23,016
Occupancy$9,775$4,888$4,888$19,551
Grants to Domestic Individuals$10,000--$10,000
Depreciation Depletion$3,663$1,831$1,831$7,325
Pension Plan Contributions$3,072$1,536$1,536$6,144
Travel$2,987$1,494$1,494$5,975
Fees for Services Other$2,138$1,069$1,069$4,276
Other Expenses$292$146$146$584
Conferences and Meetings$273$136$136$545
Total Functional Expenses$990,691$146,888$146,888$1,284,467
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Acadia General Hospital IncCrowley, LA501(c)(3)Donation$298,691
University Hospital and ClincisLafayette, LA501(c)(3)Donation$222,500
Lafayette General Heatlh System IncLafayette, LA501(c)(3)Donation$23,608
University of Louisiana at Lafayette FoundationLafayette, LA501(c)(3)Donation$13,000
St Martin HospitalBreaux Bridge, LA501(c)(3)Donation$8,098
Mcneese State University FoundationLake Charles, LA501(c)(3)Donation$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$166,989
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$141,250-$46,565-
Golf Tournament$82,180-$35,771-
Total Events$261,225-$166,989$-166,989
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Entity$840,324
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 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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is a non-stock not-for-profit corporation with one class of membership.

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

The members ratify the selection of the individuals that serve on the board of trustees (governing body) after those individuals have been selected as a trustee by the board of trustees.

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

Yes, the individuals of the trustees (governing body) and the members must be approved by the membership body.

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

The form 990 is reviewed by the organization's accounting staff and a cpa firm. The completed forms are reviewed by the officers and then presented to the board for review, comment and corrections if needed before filing with the irs.

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

An annual survey is sent to the board members and officers requiring them to disclose conflicts of interest. After receipt of these surveys, the governance committee and its chairperson review all conflicts and report on same to the governance committee. Thereafter the chairperson of the governance commitiee and the organization's general council insures that all conflicts are timely disclosed and appropriate recusals are made on business matters that maybe related to the conflict.

Form 990, Part VI, Section B, Line 15

An independent external consultant firm, sullivan cotter and associates, is engaged by the compensation committee of the board of trustees, which is comprised of disinterested directors, to prepare compensation survey and fair market value report. The compensation committee annually reviews the market comparables and makes adjustment to the president's compensation thereafter.

Form 990, Part VI, Section C, Line 19

Basic financial information is made available and sent out to the community by means of the organization's annual report. Other documents and more detailed financial information are available to the public upon request within the parameters of regulatory / legal authorities.

Filing and Contact Details

Filer

Filer Name
Lafayette General Foundation Inc
EIN
37-1766778
Phone
3372898954
Address
1214 COOLIDGE STREET, LAFAYETTE, LA 70503

Signing Officer

Name
Nancy Broadhurst
Title
Executive Director
Phone
3372898954
Signed
2020-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Broadhurst
Formed
2014
Legal Domicile
La
Voting Board Members
7
Independent Board Members
6
Employees
4
Volunteers
4

Preparer

Firm
Horne Llp
Address
661 SUNNYBROOK ROAD STE 100, RIDGELAND, MS 39157
Preparer
Amie T Whittington CPA
Phone
6013261000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Intercompany debt changes -200,356.

Form 990, Part XII, Line 2C

The process for selection of auditor has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization accounts for uncertain tax positions in accordance with financial accounting standards board (fasb) asc 740. Fasb asc 740 prescribes a recognition threshold and measurement process for financial statement recognition of uncertain tax positions taken or expected to be taken in a tax return. The interpretation also provides guidance on recognition, de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The organization's various federal income tax and exempt organization income tax returns (irs forms 1065, 1120, and 990), whether filed on a calendar or fiscal year basis, are subject to examination by the irs. The income tax returns are subject to examination by the taxing authorities, generally for three years after they are filed.

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IRS990/ActivityOrMissionDesc0THE LAFAYETTE GENERAL FOUNDATION WAS CREATED TO SUPPORT LAFAYETTE GENERAL HEALTH (LGH), ACADIANA'S ONLY COMMUNITY-OWNED, NONPROFIT HEALTH SYSTEM. WE EXIST TO HELP FULFILL LGH'S MISSION, TO RESTORE, MAINTAIN AND IMPROVE HEALTH. OUR ROLE IS TO FIND AND CONNECT THE PIECES, PEOPLE AND PROCESSES WITH OUR RESOURCES, OUR SUPPORTERS AND OUR HEADS AND HEARTS. WITH THE GENEROSITY OF OUR SUPPORTERS AND DONORS, AND BY EAGERLY LISTENING TO OUR STAFF, PATIENTS AND OUR COMMUNITY, WE HELP PROVIDE INNOVATIONS THAT TRANSFORM HOW CARE IS DELIVERED. WE FUNDRAISE, BOOST PROJECTS AND AIM TO IMPROVE OUTCOMES, SATISFACTION AND CREATE A HEALTHIER FUTURE FOR ALL.
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IRS990/Desc0THE LAFAYETTE GENERAL FOUNDATION WAS CREATED TO SUPPORT LAFAYETTE GENERAL HEALTH (LGH), ACADIANA'S ONLY COMMUNITY-OWNED, NONPROFIT HEALTH SYSTEM. WE EXIST TO HELP FULFILL LGH'S MISSION, TO RESTORE, MAINTAIN AND IMPROVE HEALTH. OUR ROLE IS TO FIND AND CONNECT THE PIECES, PEOPLE AND PROCESSES WITH OUR RESOURCES, OUR SUPPORTERS AND OUR HEADS AND HEARTS. WITH THE GENEROSITY OF OUR SUPPORTERS AND DONORS, AND BY EAGERLY LISTENING TO OUR STAFF, PATIENTS AND OUR COMMUNITY, WE HELP PROVIDE INNOVATIONS THAT TRANSFORM HOW CARE IS DELIVERED. WE FUNDRAISE, BOOST PROJECTS AND AIM TO IMPROVE OUTCOMES SATISFACTION AND CREATE A HEALTHIER FUTURE FOR ALL.PROGRAM SERVICE ACCOMPLISHMENTS DURING CALENDAR YEAR 2019 AND FYE 9/30/19:SPEARHEADED FUNDING EFFORTS TO COMPLETE THE RENOVATION & EXPANSION OF THE LAFAYETTE GENERAL MEDICAL CENTER CHAPEL.ESTABLISHED A PHILANTHROPY LEADERSHIP COUNCIL AMONG LGH CEO'S TO FOSTER A CULTURE OF HEALTHCARE PHILANTHROPY WITHIN LGH.ATTAINED FUNDING TO ESTABLISH THREE NURSING SCHOLARSHIP ENDOWMENTS HELD AT UL, LSUE AND SLCC.INCREASED EMPLOYEE GIVING BY 15% MORE THAN $176,663 WAS PLEDGED IN 2019.PROVIDED FUNDING FOR THE DELIVERY OF A FULLY EQUIPPED SPORTS MEDICINE TRAILER, CAR SIMULATOR AND TWO CHOLESTECH LDX SYSTEMS, AND CAPITAL IMPROVEMENTS.SECURED $1.5 MILLION IN FUNDING FOR BUILDING IMPROVEMENTS, TECHNOLOGY, EQUIPMENT, EDUCATION AND PATIENT CARE.AWARDED 10 SCHOLARSHIPS AND 20 EMPLOYEE ASSISTANCE GRANTS THROUGH OUR PHYSICIAN & EMPLOYEE GIVING PROGRAM.
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IRS990/MissionDesc0THE LAFAYETTE GENERAL FOUNDATION WAS CREATED TO SUPPORT LAFAYETTE GENERAL HEALTH (LGH), ACADIANA'S ONLY COMMUNITY-OWNED, NONPROFIT HEALTH SYSTEM. WE EXIST TO HELP FULFILL LGH'S MISSION, TO RESTORE, MAINTAIN AND IMPROVE HEALTH. OUR ROLE IS TO FIND AND CONNECT THE PIECES, PEOPLE AND PROCESSES WITH OUR RESOURCES, OUR SUPPORTERS AND OUR HEADS AND HEARTS. WITH THE GENEROSITY OF OUR SUPPORTERS AND DONORS, AND BY EAGERLY LISTENING TO OUR STAFF, PATIENTS AND OUR COMMUNITY, WE HELP PROVIDE INNOVATIONS THAT TRANSFORM HOW CARE IS DELIVERED. WE FUNDRAISE, BOOST PROJECTS AND AIM TO IMPROVE OUTCOMES SATISFACTION AND CREATE A HEALTHIER FUTURE FOR ALL.
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