Civic Intelligence

The Rapides Foundation

990 • Fiscal year 2021 • EIN 72-0423603

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 08, 2022

1101 Fourth Street 300Alexandria, LA 71301

(318) 443-3394

Siviq Scores

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

Liabilities / Assets

14th percentile

0.03x

Higher debt load relative to assets than 14% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

45th percentile

0.47x

Higher debt load relative to revenue than 45% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

33rd percentile

$513,077

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

42nd percentile

10%

Faster asset growth than 42% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

89th percentile

69%

Faster revenue growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Assets

Up

$365,841,423

Up $34,240,918 (+10%) from 2020

Net Assets

Up

$354,045,188

Up $35,415,223 (+11%) from 2020

Liabilities

Down

$11,796,235

Down $1,174,305 (-9.1%) from 2020

Revenue

Up

$25,364,820

Up $10,376,649 (+69%) from 2020

Expenses

Down

$11,427,862

Down $5,342,183 (-32%) from 2020

Net Income

Up

$13,936,958

Up $15,718,832 (+882%) from 2020

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $220,129,389Liabilities 2010: $6,126,093Net Assets 2010: $214,003,2962010Assets 2011: $215,889,564Liabilities 2011: $6,982,203Net Assets 2011: $208,907,3612011Assets 2012: $226,094,641Liabilities 2012: $3,525,548Net Assets 2012: $222,569,0932012Assets 2013: $247,651,041Liabilities 2013: $3,851,058Net Assets 2013: $243,799,9832013Assets 2014: $260,787,501Liabilities 2014: $4,807,320Net Assets 2014: $255,980,1812014Assets 2015: $254,272,041Liabilities 2015: $5,221,858Net Assets 2015: $249,050,1832015Assets 2016: $269,829,792Liabilities 2016: $8,608,195Net Assets 2016: $261,221,5972016Assets 2017: $292,950,307Liabilities 2017: $11,107,444Net Assets 2017: $281,842,8632017Assets 2018: $272,117,857Liabilities 2018: $7,913,320Net Assets 2018: $264,204,5372018Assets 2019: $306,834,866Liabilities 2019: $5,384,112Net Assets 2019: $301,450,7542019Assets 2020: $331,600,505Liabilities 2020: $12,970,540Net Assets 2020: $318,629,9652020Assets 2021: $365,841,423Liabilities 2021: $11,796,235Net Assets 2021: $354,045,1882021Assets 2022: $326,264,915Liabilities 2022: $16,452,617Net Assets 2022: $309,812,2982022Assets 2023: $352,997,972Liabilities 2023: $22,412,672Net Assets 2023: $330,585,3002023Assets 2024: $363,056,628Liabilities 2024: $15,347,657Net Assets 2024: $347,708,9712024

Highlighted filing

2021

Assets$365,841,423
Liabilities$11,796,235
Net Assets$354,045,188

Operations Trend

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

$100M$50M$0-$50MRevenue 2010: $73,951,656Expenses 2010: $60,653,811Net Income 2010: $13,297,8452010Expenses 2011: $64,230,8072011Expenses 2012: $10,835,2462012Revenue 2013: $8,922,666Expenses 2013: $10,759,001Net Income 2013: -$1,836,3352013Revenue 2014: $16,146,635Expenses 2014: $8,598,673Net Income 2014: $7,547,9622014Revenue 2015: $15,658,957Expenses 2015: $12,234,810Net Income 2015: $3,424,1472015Revenue 2016: $12,750,181Expenses 2016: $15,323,665Net Income 2016: -$2,573,4842016Revenue 2017: $18,006,038Expenses 2017: $17,090,698Net Income 2017: $915,3402017Revenue 2018: $18,831,112Expenses 2018: $9,808,398Net Income 2018: $9,022,7142018Revenue 2019: $16,724,929Expenses 2019: $11,388,485Net Income 2019: $5,336,4442019Revenue 2020: $14,988,171Expenses 2020: $16,770,045Net Income 2020: -$1,781,8742020Revenue 2021: $25,364,820Expenses 2021: $11,427,862Net Income 2021: $13,936,9582021Revenue 2022: $30,315,240Expenses 2022: $16,452,617Net Income 2022: $13,862,6232022Revenue 2023: $7,309,059Expenses 2023: $20,101,051Net Income 2023: -$12,791,9922023Revenue 2024: $10,255,274Expenses 2024: $12,442,505Net Income 2024: -$2,187,2312024

Highlighted filing

2021

Revenue$25,364,820
Expenses$11,427,862
Net Income$13,936,958
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 8, 2022
Return Version
2021v4.2
Gross Receipts
$25,364,820
Mission and Program Overview

Mission

The mission of the rapides foundation (trf) is to improve the health status of central louisiana.

The mission of the rapides foundation (trf) is to improve the health status of central louisiana. Trf is a member of rapides healthcare system llc, which owns and operates rapides regional medical center, a 380-bed hospital in alexandria. Additionally, trf provides funding for projects which effectively address the following philanthropic objectives: healthy people - to improve access to healthcare and promote healthy behaviors. Education - to increase the level of educational attainment and achievement as the primary path to improved economic, social and health status. Healthy communities - to improve economic opportunity and family income; and enhance civic and community opportunities for more effective leaders and organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$285,184,441$322,861,428▲ $37,676,987
Investments Program Related$35,197,984$37,861,503▲ $2,663,519
Cash and Non-Interest-Bearing Accounts$9,633,811$3,673,903▼ $5,959,908
Land, Buildings, and Equipment, Net$1,305,230$1,218,267▼ $86,963
Prepaid Expenses and Deferred Charges$31,493$56,155▲ $24,662
Accounts Receivable$1,658$1,618▼ $40
Total Assets$331,600,505$365,841,423▲ $34,240,918
Other Assets Total$245,888$168,549▼ $77,339
Liabilities
Grants Payable$12,500,343$10,566,264▼ $1,934,079
Other Liabilities$93,906$662,409▲ $568,503
Accounts Payable and Accrued Expenses$376,291$567,562▲ $191,271
Total Liabilities$12,970,540$11,796,235▼ $1,174,305
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$318,629,965$354,045,188▲ $35,415,223
Total Net Assets Fund Balance$318,629,965$354,045,188▲ $35,415,223
Total Liabilities and Net Assets / Fund Balance$331,600,505$365,841,423▲ $34,240,918

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,158,367$2,393,219$3,551,586
Land$59,900-$59,900
Investment Program Related Org$443,999--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph R Rosier JrPresident & CEOFT$447,917$65,160$513,077
Ashley StewartDirector of ProgramsFT$189,138$24,355$213,493
Kayren SegallDirector of AdminFT$159,885$26,966$186,851
Akeshia SingletonDirector of EvaluationFT$116,990$23,327$140,317
Tammy MoreauDirector of CommunicationsFT$118,868$16,420$135,288

Highest Paid Contractors

ContractorServicesLocationCompensation
Blue Cross Blue ShieldHealth InsurancePO BOX 65007, Dallas, TX 75265$295,169
Ugly Mug MarketingMedia Campaigns4501 JACKSON STREET, Alexandria, LA 71301$137,175
Fiduciary Management INCInvestment Management100 EAST WISCONSIN AVE 2200, Milwaukee, WI 53202$100,219
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,744,691
Investment Income
$19,620,129
Other Revenue
$0
Change in Net Assets
$13,936,958

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,364,820
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$21,478,265
Total Revenue per Audited Statements
$46,843,085
Total Revenue per Form 990
$25,364,820
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,330,095
Grants and Similar Amounts Paid$4,266,987
Salaries, Compensation, and Employee Benefits$2,830,780
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,266,987--$4,266,987
Other Salaries and Wages$1,484,767$265,355-$1,750,122
Current Officers, Directors, Trustees, and Key Employees$45,637$427,779-$473,416
Advertising$342,498$2,071-$344,569
Information Technology$167,910$118,619-$286,529
Conferences and Meetings$113,514$146,148-$259,662
Pension Plan Contributions$144,862$100,850-$245,712
Other Employee Benefits$141,767$52,171-$193,938
Fees for Services Management$79,175$113,338-$192,513
Payroll Taxes$104,720$62,872-$167,592
Occupancy$82,382$75,824-$158,206
Travel$77,330$3,397-$80,727
Depreciation Depletion$16,447$46,548-$62,995
Insurance$27,224$30,361-$57,585
Office Expenses$32,818$20,396-$53,214
Other Expenses$6,773$4,436-$11,209
Total Functional Expenses$9,885,418$1,542,444$0$11,427,862

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,427,862
Total Expenses per Audited Statements$11,427,862
Total Expenses per Form 990$11,427,862
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Career Compass of LouisianaBaton Rouge, LA501(c)(3)Increase Educational Attainment & Achievement$1,450,730
Rapides Parish School BoardAlexandria, LAGovernment AgencyIncrease Educational Attainment & Achievement$484,447
Cmap ExpressAlexandria, LA501(c)(3)2021pharmacy and Patient Assistance Program$417,415
Cmap ExpressAlexandria, LA501(c)(3)Promote Healthy Lifestyles, Healthy Eating & Increased Physical Activity$335,827
Vernon Parish School BoardLeesville, LAGovernment AgencyIncrease Educational Attainment & Achievement$225,000
Food Bank of Central LouisianaAlexandria, LA501(c)(3)Expansion of Distribution of Fresh Produce and Foods$150,000
Natchitoches Parish School BoardNatchitoches, LAGovernment AgencyIncrease Educational Attainment & Achievement$140,588
Avoyelles Parish School BoardMarksville, LAGovernment AgencyIncrease Educational Attainment & Achievement$125,000
Rapides Parish School BoardAlexandria, LAGovernment AgencyPREVENT TOBACCO USE & PROMOTE QUITTING; PROMOTE EATING HEALTHY & INCREASED PHYSICAL ACTIVITY$122,946
Cmap ExpressAlexandria, LA501(c)(3)Improve Primary Care Access and Promote Early Cancer Detection$116,347
Allen Parish School BoardOberlin, LAGovernment AgencyIncrease Educational Attainment & Achievement$109,747
United Way of Central LouisianaAlexandria, LA501(c)(3)Operation Cenla United Fund$100,000
Winn Parish School BoardWinnfield, LAGovernment AgencyIncrease Educational Attainment & Achievement$91,500
Grant Parish School BoardColfax, LAGovernment AgencyIncrease Educational Attainment & Achievement$87,855
Lsu Health Sciences Center- ShreveportShreveport, LAGovernment AgencyIncrease Educational Attainment & Achievement$85,813
Catahoula Parish School BoardHarrisonburg, LAGovernment AgencyIncrease Educational Attainment & Achievement$85,000
Lasalle Parish School BoardJena, LAGovernment AgencyIncrease Educational Attainment and Achievement$80,106
Central Louisiana Technical Community CollegeAlexandria, LAPublic Agency"GILCHRIST CONSTRUCTION LEADERSHIP DEVELOPMENT PROGRAM$75,000
Central Louisiana Technical CommunityAlexandria, LAPublic AgencyTo Provide Continued Support of Regional Economic Development Activities$51,080
Food Bank of Central LouisianaAlexandria, LA501(c)(3)Covid-19 Response Grant$46,279
Vernon Parish School BoardLeesville, LAGovernment AgencyPREVENT TOBACCO USE & PROMOTE QUITTING; PROMOTE EATING HEALTHY & INCREASED PHYSICAL ACTIVITY$40,770
Natchitoches Parish School BoardNatchitoches, LAGovernment AgencyPREVENT TOBACCO USE & PROMOTE QUITTING; PROMOTE EATING HEALTHY & INCREASED PHYSICAL ACTIVITY$38,183
Allen Parish School BoardOberlin, LAGovernment AgencyPREVENT TOBACCO USE & PROMOTE QUITTING; PROMOTE EATING HEALTHY & INCREASED PHYSICAL ACTIVITY$37,950
Rapides Parish School BoardAlexandria, LAGovernment AgencyYouth Volunteer School District Program$31,073
Grant Parish School BoardColfax, LAGovernment AgencyPrevent Tobacco Use & Promote Quitting$29,300
Avoyelles Parish School BoardMarksville, LAGovernment AgencyPREVENT TOBACCO USE & PROMOTE QUITTING; PROMOTE EATING HEALTHY & INCREASED PHYSICAL ACTIVITY$28,174
City of AlexandriaAlexandria, LAGovernment AgencyWalking Trail at Johnny Downs Sports Complex$25,000
City of PinevillePineville, LAGovernment AgencyPlayground Upgrade at Kees Park$25,000
Louisiana Christian UniversityPineville, LAPublic AgencyOverlay of Rubber Safety Surface and Installation of Fitness Equipment at Parrish Fuller Fitness Trail$25,000
Louisiana District Pilot InternationalLeesville, LA501(c)(3)Exercise Equitment at Dogwood Park$25,000
Louisiana State University at AlexandriaAlexandria, LAGovernment AgencyFor Expanding and Revitalizing Community Recreational Resources on Campus$25,000
Town of CheneyvilleCheneyville, LAGovernment AgencyInstallation of Playground Equipments at Existing Park$25,000
Town of TullosTullos, LAPublic AgencyPlayground Equipment and Grounds Beautification at the Town of Tullos Memorial Play Park and Walking Trail$25,000
Acadian Elementary SchoolAlexandria, LAGovernment AgencyWalking Track at Acadian Elementary School$24,920
Pineville Junior High SchoolPineville, LAGovernment AgencyWalking Track at Pineville Junior High$24,390
Cmap ExpressAlexandria, LA501(c)(3)PREVENT TOBACCO USE & PROMOTE QUITTING; PROMOTE EATING HEALTHY & INCREASED PHYSICAL ACTIVITY$17,853
Rapides Parish LibraryAlexandria, LAPublic AgencyStory Strolls at Mcdonald (glenmora) and Wettermark (boyce) Branches$11,058
Access Health LouisianaKenner, LA501(c)(3)Woodworth Community Health Center Integrated Behavioral Health Assessment & Planning Grant$10,000
Iberia Comprehensive Community Health CenterNew Iberia, LA501(c)(3)Vernon Parish Community Health Center Integrated Behavioral Health Assessment & Planning Grant$10,000
Winn Community Health CenterWinnfield, LA501(c)(3)Winn Community Health Center- East Grant Chc Integrated Behavioral Health Assessment & Planning Project$10,000
Natchitoches Parish School BoardNatchitoches, LAGovernment AgencyYouth Volunteer School District Program$6,700
Vernon Parish School BoardLeesville, LAGovernment AgencyYouth Volunteer School District Program$6,700
Winn Parish School BoardWinnfield, LAGovernment AgencyPREVENT TOBACCO USE & PROMOTE QUITTING; PROMOTE EATING HEALTHY & INCREASED PHYSICAL ACTIVITY$6,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bank Overdraft$326,812
Payroll Taxes & Benefits$205,942
Other Liabilities$129,655
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 6

The rapides foundation's trustees are the members of the organization.

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

The rapides foundation's trustees, who are the members of the organization, hold an annual meeting each december to elect new members of the organization. Each trustee, or member, is elected for a term of three years and may be re-elected for one additional term.

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

A final copy of the form 990 is furnished to the audit committee of the rapides foundation board (trf) for review and approval, and a meeting is held to discuss the form 990 in detail. The meeting is attended by staff that assisted in compiling the form, as well as, representatives of the external accounting firm who compiled the form. All trf board members receive the final form 990 copy when it is sent to the audit committee, and all board members are invited to attend the audit committee meeting to review the form in detail.

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

The rapides foundation has both a "staff code of ethics and conduct and a "trustee code of ethics and conduct," both of which define and describe actions to be taken in the event of conflicts of interest. The "staff code of ethics and conduct" is monitored and enforced through organizational procedures, controls and daily supervision of employees by the next level of management. The "trustee code of ethics and conduct" is monitored at each trustee board and committee meeting, because the first agenda item is one in which the meeting chairman asks trustees to disclose any potential conflicts with listed agenda items. A trustee that has a potential conflict of interest with a matter that comes before the board or committee is required to leave the room before the matter is discussed, and a majority vote of the remaining disinterested board trustees determine whether a conflict actually exists. If a conflict is determined to exist, then the conflicted trustee is not allowed to be present during board discussion nor vote on the issue creating the conflict. Each year, trustees and key employees are required to complete a conflict of interest questionnaire to disclose business and personal relationships that could be potential conflicts of interest.

Form 990, Part VI, Section B, Line 15

The rapides foundation board compensation committee, which is composed of the independent members of its executive committee, periodically engages a third-party compensation consultant to provide market information concerning pay and benefits and make compensation structure recommendations for all organization positions. The consultant is provided with job descriptions for all job positions. The consultant then compares those jobs with similar positions at similar types and sizes of organizations. The consultant meets with the compensation committee and provides the comparison data, along with their recommendations for pay ranges for each position (minimum, midpoint, maximum). Recommendations are based upon market averages of similar types and sizes of organizations. In interim years, increases in pay ranges are recommended to the board by management based on survey information of similar organizations. The ceo recommends a salary budget for employees of the rapides foundation and its supporting organizations to the compensation committee for approval. The compensation committee independently discusses its recommendations for ceo pay.

Form 990, Part VI, Section C, Line 19

The rapides foundation mission, philanthropic objectives, guiding organizational objectives, staff code of ethics and conduct, trustee code of ethics and conduct, and annual report (including financial statements) are all available on the organization's website at www.rapidesfoundation.org.

Filing and Contact Details

Filer

Filer Name
The Rapides Foundation
EIN
72-0423603
Phone
3184433394
Address
1101 FOURTH STREET 300, ALEXANDRIA, LA 71301

Signing Officer

Name
Joseph R Rosier Jr
Title
CEO
Phone
3184433394
Signed
2022-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph R Rosier Jr
Formed
1924
Legal Domicile
La
Voting Board Members
16
Independent Board Members
15
Employees
42
Volunteers
15

Preparer

Firm
Postlethwaite & Netterville
Address
8550 UNITED PLAZA BLVD SUITE 1001, BATON ROUGE, LA 70809
Preparer
Megan Courtney
Phone
2259224600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4C Continued

In 2021, the orchard foundation continued to administer school readiness institutes for central louisiana pre-k, head start and childcare providers. In 2021, the orchard foundatin continued to provide professional development to staff and directors of louisiana pre-k, head start and childcare providers. Orchard administered 28 trainings in 2021. The early literacy programs, read to soar and math to build on, continued. Since inception 560 families, including 725 children were served and 16,279 books were distributed.

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The foundation and its subsidiaries are nonprofit organizations and are exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Therefore, no provision for income taxes has been made in the consolidated financial statements, but each entity is required to file an annual information tax return. They are also required to review various tax positions they have taken with respect to their exempt status and determine whether in fact they are tax exempt entities. The foundation and its subsidiaries must also consider whether they have nexus in jurisdictions in which they have income and whether a tax return is required in those jurisdictions. In addition, as tax exempt entities, each entity must assess whether it has any tax positions associated with unrelated business income subject to income tax. The entities do not expect their positions to change significantly over the next twelve months. Any penalties related to late filing or other requirements would be recognized as expense in the entities' accounting records. The foundation and its subsidiaries each file u.s. Federal form 990 for informational purposes. Their federal income tax returns for the tax years 2014 and beyond remain subject to examination by the internal revenue service. Since its initial incorporation in 1924, the foundation has been exempt from federal and state income tax under section 501(c)(3) of the internal revenue code as a public charity operating a hospital. Due to its contribution of its hospital operations to the partnership and its new grant making activities, it requested a private letter ruling from the internal revenue service to confirm the continuation of its public charity status. The service declined to issue such a ruling due to the number of similar transactions and issued a revenue ruling (rev. Rul. 98-15) defining the requirements for whole hospital joint ventures such as rapides health services, llc. The service declined the foundation's request to examine its operations and enter into a closing agreement. After rev. Rul. 98-15, two court cases focused on the control issue identified by the ruling as determinative of whether the joint venture jeopardized the exempt status of the exempt organization. One of these, st. David's health care system, inc. V. United states, involved facts very similar to those present in the foundation's ownership of the llc, and was a victory for the exempt organization whose status had been challenged. Counsel for the foundation has been at all relevant times and remains of the opinion that any challenge to the foundation's exempt status would be similarly decided. This opinion is bolstered by rev. Rul. 2004-51, which, while addressing ancillary activity joint ventures, represents an acknowledgment by the service that sufficient control may be maintained by the exempt partner in such a venture even though ownership and governance were shared 50-50 with the for-profit venturer. It should be noted that even if the foundation's public charity status should not continue, the foundation believes that it would continue to be exempt from income tax under section 501(c)(3) of the code as a private foundation. Private foundations are subject to more restrictions under the code than are public charities. These restrictions include statutory prohibitions against self-dealing, excess business holdings, jeopardy investments, and taxable expenditures. In addition, private foundations are subject to an excise tax on their net investment income and are required to make annual distributions of five percent (5%) of the average market value of their non-charitable-use assets for charitable, educational, scientific, and similar purposes. Non-charitable-use assets are assets that are not used or held for use directly in carrying on the organization's exempt purpose; they include assets held for investment and the production of investment income. Private foundations are required to publish a notice that

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IRS990/ActivityOrMissionDesc0THE MISSION OF THE RAPIDES FOUNDATION (TRF) IS TO IMPROVE THE HEALTH STATUS OF CENTRAL LOUISIANA. TRF IS A MEMBER OF RAPIDES HEALTHCARE SYSTEM LLC, WHICH OWNS AND OPERATES RAPIDES REGIONAL MEDICAL CENTER, A 380-BED HOSPITAL IN ALEXANDRIA. ADDITIONALLY, TRF PROVIDES FUNDING FOR PROJECTS WHICH EFFECTIVELY ADDRESS THE FOLLOWING PHILANTHROPIC OBJECTIVES: HEALTHY PEOPLE - TO IMPROVE ACCESS TO HEALTHCARE AND PROMOTE HEALTHY BEHAVIORS. EDUCATION - TO INCREASE THE LEVEL OF EDUCATIONAL ATTAINMENT AND ACHIEVEMENT AS THE PRIMARY PATH TO IMPROVED ECONOMIC, SOCIAL AND HEALTH STATUS. HEALTHY COMMUNITIES - TO IMPROVE ECONOMIC OPPORTUNITY AND FAMILY INCOME; AND ENHANCE CIVIC AND COMMUNITY OPPORTUNITIES FOR MORE EFFECTIVE LEADERS AND ORGANIZATIONS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0HEALTHY PEOPLE TRF PROVIDED CHRONIC CARE PRESCRIPTION MEDICATIONS FOR PEOPLE WHO CANNOT AFFORD THEM THROUGH A $571,090 GRANT IN 2021 TO ITS SUPPORTING ORGANIZATION, CENLA MEDICATION ACCESS PROGRAM (CMAP). CMAP'S PATIENT ASSISTANCE PROGRAM (PAP) LOCATES CMAP STAFF NEAR PHYSICIAN OFFICES THROUGHOUT CMAP'S PRIMARY NINE-PARISH SERVICE AREA. THESE PAP SPECIALISTS COMPLETE APPLICATIONS FOR PATIENTS WHO ARE UNABLE TO AFFORD THEIR MEDICATION TO RECEIVE FREE CHRONIC CARE MEDICATIONS THROUGH DRUG MANUFACTURERS' PATIENT ASSISTANCE PROGRAMS. PATIENTS ALSO RECEIVE MEDICATIONS AND DIABETIC SUPPLIES THROUGH CMAP'S CENTRAL FILL PHARMACY, WHICH AS OF END OF 2021 HAD CONTRACTS TO WORK WITH AND PROVIDE PHARMACEUTICALS FROM THIRTEEN MAJOR COMPANIES. ADDITIONALLY, RAPIDES REGIONAL MEDICAL CENTER (RRMC) CONTRACTS WITH CMAP TO PROVIDE OUTPATIENT PHARMACY SERVICES TO THE PATIENTS OF OUTPATIENT CLINICS SERVING THE INDIGENT. DURING 2021, CMAP PROVIDED 13,565 FREE PRESCRIPTION MEDICATIONS TO PATIENTS, REPRESENTING A WHOLESALE COST SAVINGS OF $7.1 MILLION. CMAP EXTRA, A PRESCRIPTION-SAVINGS PROGRAM DESIGNED TO HELP LOWER FAMILIES' MEDICATION COSTS, IS AVAILABLE TO EVERYONE REGARDLESS OF AGE OR INCOME. DURING 2021, 1,191PRESCRIPTIONS WERE FILLED, FOR A TOTAL RETAIL SAVINGS OF $26,397. THESE MEDICATIONS WOULD HAVE COST PATIENTS AN AVERAGE $22 EACH. IN 2021, IN SUPPORT OF ITS SUPPORTED ORGANIZATION'S (THE RAPIDES FOUNDATION) HEALTHCARE ACCESS INITIATIVE, CMAP'S CANCER SCREENING PROJECT PROVIDED FREE MAMMOGRAMS, PAP SMEARS, PELVIC EXAMS AND COLORECTAL CANCER TESTS TO 366 UNINSURED AND UNDERINSURED PATIENTS WHO COULDN'T AFFORD THESE CRITICAL SCREENINGS. THESE TESTS ARE BROUGHT TO RURAL AREAS THROUGH A CANCER SCREENING VAN. THE VAN IS A PARTNERSHIP BETWEEN THE RAPIDES FOUNDATION, CMAP, THE FEIST-WEILLER CANCER CENTER AT LSU HEALTH SCIENCES CENTER -- SHREVEPORT AND THE LSU FAMILY MEDICINE RESIDENCY IN ALEXANDRIA. THROUGH THE MOBILE UNIT PATIENTS RECEIVED 55 CERVICAL SCREENINGSAND 412 MAMMOGRAMS. ALSO, APPROXIMATELY 64 WOMEN AND MEN RECEIVED TAKE-HOME COLORECTAL CANCER SCREENING TESTS. CMAP ALSO ADMINISTERS THE COMMUNITY HEALTH ADVISOR (CHA) PROJECT, A COMMUNITY-BASED PROGRAM DESIGNED TO TRAIN COMMUNITY VOLUNTEERS TO HELP EDUCATE THEIR PEERS ABOUT THE IMPORTANCE OF CANCER SCREENINGS. ONCE TRAINED BY THE CANCER SCREENING PROJECT COORDINATOR, THESE VOLUNTEERS WILL PROVIDE EDUCATION, OUTREACH AND INFORMATION TO MEN AND WOMEN THROUGHOUT CENTRAL LOUISIANA. THE GOAL IS TO ENCOURAGE RESIDENTS TO PRACTICE EARLY DETECTION OF COLON, BREAST AND CERVICAL CANCER WHILE IT IS IN THE MOST TREATABLE STAGES. DESPITE COVID-RELATED LIMITATIONS, THE CHA PROJECT REACHED 853 PEOPLE IN 2021. THE CMAP PATIENT ASSISTANCE PROGRAM SPECIALISTS BRING TOBACCO PREVENTION AND CONTROL RESOURCES INTO THE SAME PHYSICIAN OFFICES THEY SUPPORT FOR MEDICATION ACCESS. BY PROVIDING TRAINING AND MATERIALS TO PHYSICIANS AND THEIR STAFF ABOUT SMOKING CESSATION REFERRAL RESOURCES, THE SPECIALISTS MAKE IT EASY FOR DOCTORS TO ENCOURAGE THEIR PATIENTS TO STOP SMOKING. CMAP PARTNERED WITH THE SMOKING CESSATION TRUST TO PROVIDE SMOKING CESSATION MEDICATIONS AND COUNSELING TO INDIVIDUALS IN ITS SERVICE AREA. DURING 2021, 30 INDIVIDUALS PARTICIPATED IN COUNSELING. TRF ALSO CONTINUED TO ADDRESS THE SHORTAGE OF HEALTHCARE PROFESSIONALS IN RURAL COMMUNITIES. THE FOUNDATION PROVIDES FUNDS TO NORTHWESTERN STATE UNIVERSITY, LOUISIANA STATE UNIVERSITY OF ALEXANDRIA, LOUISIANA CHRISTIAN UNIVERSITY AND THE CENTRAL LOUISIANA TECHNICAL COMMUNITY COLLEGE NURSING PROGRAMS TO SUPPORT NURSING INSTRUCTION. TRF FUNDED A $439,000 GRANT IN 2021 TO CMAP'S HEALTHY LIFESTYLE PROGRAM, WHICH PROVIDES DEMONSTRATION AND EDUCATION ON PROPER NUTRITION AND PHYSICAL ACTIVITY FOR GOOD HEALTH AND IS DESIGNED TO FIGHT OBESITY IN CENTRAL LOUISIANA. THE GOAL OF THIS PROGRAM, THROUGH PHYSICIAN REFERRAL, COMMUNITY TOOLS, AND WORKPLACE EDUCATION, IS TO PROVIDE CENTRAL LOUISIANA RESIDENTS WITH RESOURCES TO LEAD HEALTHY LIFESTYLES. THIS PROGRAM IS COORD
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04048061
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0736314
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION -- DURING 2021 THE RAPIDES FOUNDATION PROVIDED $1.5 MILLION IN GRANTS TO THE NINE PUBLIC SCHOOL DISTRICTS IN TRF'S SERVICE AREA. THE GRANTS WERE USED FOR TARGETED PROFESSIONAL DEVELOPMENT, COACHING AND MENTORING OF TEACHERS; LEADERSHIP DEVELOPMENT FOR ADMINISTRATORS; AND FUNDING TO ALLOW THE DISTRICTS TO PARTICIPATE IN INSTITUTES PROVIDED BY THE ORCHARD FOUNDATION. THE ORCHARD FOUNDATION'S WORK IN COLLEGE AND CAREER READINESS ENCOMPASSES THREE AREAS THE CENLA WORK READY NETWORK, COLLEGE AND CAREER COACHING FOR HIGH SCHOOL STUDENTS, AND JUMP START PROGRAMS TO EXPOSE CENLA EDUCATORS AND STUDENTS TO CAREER OPPORTUNITIES IN THE CENTRAL LOUISIANA REGION. THE CENLA WORK READY NETWORK IS A SYSTEM DESIGNED TO LINK EDUCATION WITH WORKFORCE DEVELOPMENT EFFORTS AND ALIGN THEM WITH REGIONAL ECONOMIC NEEDS. DURING 2021, ALL PUBLIC HIGH SCHOOLS IN THE FOUNDATION'S SERVICE AREA, CENTRAL LOUISIANA TECHNICAL COMMUNITY COLLEGE CAMPUSES, AND REGIONAL BUSINESS AND CAREER SOLUTIONS CENTERS ACCESSED ACT'S WORKKEYS CURRICULUM, A CAREER TRAINING COURSE THAT PREPARES STUDENTS FOR CERTIFICATION WITH WORKKEYS ASSESSMENTS. WORKKEYS IS A JOB SKILLS ASSESSMENT SYSTEM MEASURING REAL WORLD SKILLS THAT EMPLOYERS BELIEVE ARE CRITICAL TO JOB SUCCESS. WORKKEYS ASSESSES THREE CORE AREAS: APPLIED MATHEMATICS; WORKPLACE DOCUMENTS; AND GRAPHIC LITERACY; WHICH DETERMINES A STUDENT'S NATIONAL CAREER READINESS CERTIFICATE (NCRC) LEVEL, AN OBJECTIVE DOCUMENTATION OF AN EMPLOYEE'S SKILLS THAT CAN BE ACCEPTED NATIONWIDE. DURING THE 2020-2021 SCHOOL YEAR, 4,591 STUDENTS PARTICIPATED IN ACT'S WORKKEYS CURRICULUM TRAINING, AND 4,770 NATIONAL CAREER READINESS CERTIFICATES WERE EARNED BY CENLA RESIDENTS. IN 2021, THE ORCHARD FOUNDATION CONTINUED ITS PARTNERSHIP WITH LOUISIANA CENTRAL (FORMERLY THE CENTRAL LOUISIANA ECONOMIC DEVELOPTMENT ALLIANCE) TO ASSIST EMPLOYERS IN UTILIZING WORKKEYS AND NCRC IN THEIR HIRING PROCESSES. ALL NINE PARISHES IN THE ORCHARD FOUNDATION SERVICE AREA ARE ACT CERTIFIED WORK READY COMMUNITIES: ALLEN, AVOYELLES, CATAHOULA, GRANT, LASALLE, NATCHITOCHES, RAPIDES, VERNON AND WINN. DURING THE 2020-2021 SCHOOL YEAR, THE ORCHARD FOUNDATION PARTNERED WITH CAREER COMPASS OF LA TO WORK WITH AREA SCHOOL DISTRICTS TO PROVIDE COLLEGE AND CAREER COACHING SERVICES IN ALL HIGH SCHOOLS AND MIDDLE SCHOOLS IN THE SERVICE REGION. A TOTAL OF 7,621 STUDENTS WERE SEEN IN GRADES 8 THROUGH 12 BY COLLEGE AND CAREER COACHES. CAREER SEMINARS WERE ATTENDED BY ANOTHER 22,568 STUDENTS IN GRADES 6 THROUGH 12. 92% OF THE SENIORS COUNSELED APPLIED TO A POSTSECONDARY PROGRAM. THE ORCHARD FOUNDATION OFFERS SUMMER EXTERNSHIP OPPORTUNITIES FOR TEACHERS TO LEARN HOW TO TRANSLATE THE SKILLS NEEDED IN TODAY'S WORKFORCE INTO THEIR CLASSROOMS. THE WORKPLACE EXPERIENCE EXCHANGE (WEE) CAMP GIVES TEACHERS THE OPPORTUNITY TO ENGAGE IN BUSINESS AND INDUSTRY ACTIVITIES TO LEARN HOW CLASSROOM CONTENT AND LEARNING STRATEGIES ARE APPLIED IN THE WORKPLACE. DUE TO COVID-19 RESTRICTIONS, WEE CAMP FOR SUMMER 2021 WAS HELD VIRTUALLY. A TOTAL OF 26 TEACHERS PARTICIPATED IN THE CAMP AND COMPLETED A SMALL GROUP ACTIVITY ON THE FINAL DAY THAT INCLUDED A PRESENTATION OF A CAREER LESSON PLAN. ORDINARILY, ORCHARD HOLDS ITS ANNUAL STUDENTS EXPLORING CAREER OPPORTUNITIES EXPO (SECO) IN LATE FALL OF EACH YEAR. SECO IS A TWO-DAY EVENT THAT INTRODUCES 10TH GRADERS TO CAREER POSSIBILITIES. DUE TO COVID-19, SECO 2021 WAS CANCELLED. THE ORCHARD FOUNDATION PROVIDED MATCHING FUNDS FOR A CARPENTRY COURSE, WHICH IS A COMBINATION OF HANDS-ON AND TEXTBOOK INSTRUCTION AND UTILIZES TEXTBOOKS CERTIFIED AND APPROVED BY THE NATIONAL CENTER FOR CONSTRUCTION EDUCATION AND RESEARCH (NCCER) TO INSTRUCT STUDENTS. CO-SPONSORED BY A LOCAL EMPLOYER, IT IS DESIGNED TO HELP STUDENTS GAIN TECHNICAL AND INDUSTRIAL KNOWLEDGE AND ENCOURAGE THEM TO PURSUE A CAREER IN CONSTRUCTION. THE COURSE WAS OFFERED IN THREE AREA HIGH SCHOOLS, AND 17 NCCER CARPENTRY INDUSTRY BASED CERTIFICATIONS (IBCS) WERE EARNED DURING THE 2020-21 SCHOOL YEAR. THE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02735023
IRS990/ProgSrvcAccomActy3Grp/GrantAmt01336909
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0HEALTHY COMMUNITIES -- THE RAPIDES FOUNDATION'S ECONOMIC DEVELOPMENT INITIATIVE MAKES THE LINK BETWEEN HEALTHY ECONOMIES AND HEALTHY PEOPLE. HEALTHY ECONOMIES WITH LOW UNEMPLOYMENT RATES AND HIGHER WAGE JOBS PROVIDE PEOPLE WITH THE MEANS TO PURCHASE MEDICAL INSURANCE, MAKE BETTER HEALTHCARE CHOICES AND LIVE HEALTHIER LIFESTYLES. THE WORK THAT TAKES PLACE UNDER THE ECONOMIC DEVELOPMENT INITIATIVE IS DESIGNED TO HELP RAISE THE STANDARD OF LIVING IN CENTRAL LOUISIANA BY IMPROVING THE REGION'S CAPACITY TO PRODUCE HIGHER WAGE JOBS FOR ALL INCOME LEVELS AND GENERATE MORE WEALTH IN ITS COMMUNITIES. IN THE AREA OF WORKFORCE SKILLS AND DEVELOPMENT, TRF IN LATE 2017 AWARDED A $2 MILLION MATCHING GRANT TO THE LOUISIANA COMMUNITY AND TECHNICAL COLLEGE SYSTEM FOUNDATION THAT WILL BE USED BY CLTCC TO ESTABLISH THE CENTRAL LOUISIANA MANUFACTURING TECHNOLOGY CENTER IN DOWNTOWN ALEXANDRIA AND TO BUILD AND EXPAND ITS MANUFACTURING PROGRAMS LOCATED ON CAMPUSES THROUGHOUT THE REGION. THE STATE OF LOUISIANA MATCHED THE FOUNDATION'S FUNDING WITH $2 MILLION. THE GRANT DOLLARS ARE BEING USED TO FUND A STATE-OF-THE-ART TECHNICAL TRAINING PROGRAM WITH A FOCUS ON ADVANCED MANUFACTURING. THE GOAL IS TO PRODUCE GRADUATES FOR THE HIGH-WAGE, HIGH-DEMAND JOBS IN THE MANUFACTURING SECTOR THROUGHOUT THE REGION. TRF SUPPORTED THE LOUISIANA CENTRAL, THROUGH $271,916 IN MATCHING GRANTS, AS THE VEHICLE TO BUILD COOPERATION, COORDINATION, TEAMWORK AND SOCIAL COHESIVENESS FOR REGIONAL ECONOMIC DEVELOPMENT OBJECTIVES. THESE EFFORTS WERE KEY TO BRINGING EXPANSIONS AND NEW BUSINESSES TO CENTRAL LOUISIANA. CENTRAL LOUISIANA MAINTAINED ITS STATUS AS LOUISIANA'S ONLY REGION TO BE FULLY ACT WORK READY CERTIFIED. THE REGION'S TEN ACT CERTIFIED PARISHES CONSTITUTE 50% OF ALL CERTIFIED PARISHES IN THE STATE. THIS CERTIFICATION DEMONSTRATES THE HIGH LEVEL OF SKILLS IN OUR WORKFORCE. MAINTAINING THIS STATUS RELIES HEAVILY ON BUILDING A GROWING BASE OF EMPLOYEES AND POTENTIAL EMPLOYEES WHO HAVE EARNED ACT'S NATIONAL CAREER READINESS CERTIFICATE. THIS IMPORTANT, NATIONALLY PORTABLE CREDENTIAL SHOWS EMPLOYERS THE CALIBER OF SKILLS DEMONSTRATED BY POTENTIAL EMPLOYEES. ALL OF THIS ENHANCES CENTRAL LOUISIANA'S ABILITY TO RECRUIT, RETAIN AND EXPAND BUSINESSES WITHIN THE REGION. TRF SUPPORTS BUSINESS STARTUPS AND EXPANSIONS TO BUILD A COMPREHENSIVE AND COORDINATED ENTREPRENEURSHIP SYSTEM FOR CENTRAL LOUISIANA. THE BUSINESS ACCELERATION SYSTEM IS FUNDED THROUGH A $900,000, TRF GRANT AND ADMINISTERED BY LOUISIANA CENTRAL. BAS PROVIDES TECHNICAL ASSISTANCE, COACHING AND MENTORING SERVICES FOR ENTREPRENEURS AND SMALL BUSINESS OWNERS WHO WANT TO START OR GROW THEIR BUSINESSES. IN 2021, BAS WORKED ONE-ON-ONE WITH 69 BUSINESS OWNERS THROUGHOUT THE REGION. IT ALSO BROUGHT IN QUARTERLY SPEAKERS AND OFFERED 9 WORKSHOPS AND TRAININGS THROUGHOUT THE YEAR, REACHING 168 UNIQUE PARTICIPANTS IN TAKING THEIR BUSINESSES TO THE NEXT LEVEL. IN 2021, TRF AWARDED A $1.4 MILLION GRANT TO CAREER COMPASS OF LOUISIANA THAT ADDRESSES THE HIGH NUMBER OF YOUNG ADULTS BETWEEN THE AGES OF 16 AND 24 WHO ARE NEITHER WORKING NOR PURSUING AN EDUCATION. OFTEN REFERRED TO AS "DISCONNECTED YOUTH". THE PROJECT WILL FUND TRAINED CAREER COACHES TO ASSIST HIGH SCHOOL STUDENTS WITH SUCCESSFULLY TRANSITIONING TO A LOCAL TWO- OR FOUR-YEAR UNIVERSITY OR TECHNICAL COMMUNITY COLLEGE. IT WILL ALSO FUND STAFF AT PARTICIPATING POSTSECONDARY INSTITUTIONS TO PROVIDE ONGOING SERVICES TO BEYOND GRADUATION STUDENTS DURING THEIR COLLEGE TENURE TO ENSURE THEY CONTINUE TO PROGRESS TOWARD COMPLETION. TRF'S COMMUNITY DEVELOPMENT INITIATIVE ADDRESSES SOCIAL CAPITAL BY SUPPORTING LEADERSHIP AND NONPROFIT DEVELOPMENT, AND INCREASED CIVIC ENGAGEMENT THROUGH FOUNDATION FUNDING PROVIDED TO ITS COMMUNITY DEVELOPMENT WORKS PROGRAM. COMMUNITY DEVELOPMENT WORKS PROVIDES AN INTEGRATED APPROACH TO ENHANCE CIVIC AND COMMUNITY OPPORTUNITIES FOR MORE EFFECTIVE NONPROFIT LEADERS AND ORGANIZATIONS. ITS STRATEGIES SEEK TO FOSTER INCREASED CIVIC ENGAGEMENT, DEVELO
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$363$15.3$348$10.3$12.4$2.19
2023Detailed filing. Detailed filing data is available for this year.$353$22.4$331$7.31$20.1$12.8
2022Detailed filing. Detailed filing data is available for this year.$326$16.5$310$30.3$16.5$13.9
2021Detailed filing. Detailed filing data is available for this year.$366$11.8$354$25.4$11.4$13.9
2020Detailed filing. Detailed filing data is available for this year.$332$13.0$319$15.0$16.8$1.78
2019Detailed filing. Detailed filing data is available for this year.$307$5.38$301$16.7$11.4$5.34
2018Detailed filing. Detailed filing data is available for this year.$272$7.91$264$18.8$9.81$9.02
2017Detailed filing. Detailed filing data is available for this year.$293$11.1$282$18.0$17.1$0.92
2016Detailed filing. Detailed filing data is available for this year.$270$8.61$261$12.8$15.3$2.57
2015Detailed filing. Detailed filing data is available for this year.$254$5.22$249$15.7$12.2$3.42
2014Detailed filing. Detailed filing data is available for this year.$261$4.81$256$16.1$8.60$7.55
2013Detailed filing. Detailed filing data is available for this year.$248$3.85$244$8.92$10.8$1.84
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$226$3.53$223$10.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$216$6.98$209$64.2
2010Summary only. Only limited summary data is available for this year.$220$6.13$214$74.0$60.7$13.3