Civic Intelligence

Louisiana Strategic Research Initiative Fka Margaret Place Properties

990 • Fiscal year 2018 • EIN 82-1878290

Jun 06, 2017 to May 31, 2018 • Filed on Apr 11, 2019

Organization ProfileN/A
333 Texas Street No 1700Shreveport, LA 71101

(318) 221-9600

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$206,853,080

Flat from 2018

Net Assets

Flat

$206,648,290

Flat from 2018

Liabilities

Flat

$204,790

Flat from 2018

Revenue And Expenses

Revenue

Flat

$214,454,230

Flat from 2018

Expenses

Flat

$7,805,940

Flat from 2018

Net Income

Flat

$206,648,290

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2018: $206,853,080Liabilities 2018: $204,790Net Assets 2018: $206,648,2902018Assets 2018: $206,853,080Liabilities 2018: $204,790Net Assets 2018: $206,648,2902018Assets 2019: $201,653,387Liabilities 2019: $246,939Net Assets 2019: $201,406,4482019Assets 2020: $197,007,270Liabilities 2020: $240,903Net Assets 2020: $196,766,3672020Assets 2021: $563,184Liabilities 2021: $0Net Assets 2021: $563,1842021Assets 2022: $2,255Liabilities 2022: $0Net Assets 2022: $2,2552022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2018

Assets$206,853,080
Liabilities$204,790
Net Assets$206,648,290
Open 2018 Filing

Operations Trend

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

$300M$200M$100M$0-$100MRevenue 2018: $214,454,230Expenses 2018: $7,805,940Net Income 2018: $206,648,2902018Revenue 2018: $214,454,230Expenses 2018: $7,805,940Net Income 2018: $206,648,2902018Revenue 2019: $3,518,469Expenses 2019: $8,760,309Net Income 2019: -$5,241,8402019Revenue 2020: $4,848,539Expenses 2020: $9,488,620Net Income 2020: -$4,640,0812020Revenue 2021: $183,893Expenses 2021: $1,903Net Income 2021: $181,9902021Revenue 2022: $89Expenses 2022: $561,018Net Income 2022: -$560,9292022Revenue 2023: $0Expenses 2023: $2,255Net Income 2023: -$2,2552023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024Revenue 2025: $0Expenses 2025: $0Net Income 2025: $02025

Highlighted filing

2018

Revenue$214,454,230
Expenses$7,805,940
Net Income$206,648,290
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jun 6, 2017 to May 31, 2018
Signed
Apr 11, 2019
Return Version
2017v2.3
Gross Receipts
$214,454,230
Mission and Program Overview

Mission

This corporation shall support the long-term growth of research at lsu health sciences center shreveport.

This corporation is organized to acquire title to real property formerly operated as a hospital by christus health northern louisiana ("christus health"), which intends to donate such property (hereinafter the "st. Mary campus")to the corporation on or before june 30, 2017. The corporation's charitable purpose will be accomplished by the leasing of st. Mary campus facilities to exempt and non-exempt health care providers, health-care educational entities, and health-care research entities. Such activity will permit the corporation, through its tenants, to provide an efficient, cost-effective, integrated health care campus and health-care education and research center for the citizens .of northwest louisiana. The corporation may not lease to entities which do not further its exempt purpose

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$205,265,901▲ $205,265,901
Cash and Non-Interest-Bearing Accounts-$1,313,484-
Accounts Receivable-$29,995-
Prepaid Expenses and Deferred Charges-$24,416-
Savings and Temporary Cash Investments-$11,009-
Total Assets$0$206,853,080▲ $206,853,080
Other Assets Total$0$208,275▲ $208,275
Liabilities
Accounts Payable and Accrued Expenses-$204,790-
Total Liabilities$0$204,790▲ $204,790
Net Assets / Fund Balance
Unrestricted Net Assets-$206,648,290-
Total Net Assets Fund Balance$0$206,648,290▲ $206,648,290
Total Liabilities and Net Assets / Fund Balance$0$206,853,080▲ $206,853,080

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$202,502,953$5,119,602$207,622,555
Land$2,698,260-$2,698,260
Other Land Buildings$64,688-$64,688
Compensation and Service Providers

Board Members and Trustees

NameTitle
William M Comegys IiiPresident
Matthew St AmantSecretary
Raymond J LasseigneTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Vintage Realty CompanyManagement Fees, Property Manager Fees,330 MARSHALL STREET SUITE 200, Shreveport, LA 71101$579,051
Travelers Insurance CoInsuranceC/O MCCLURE BOMAR HARRIS 900 PIE, Shreveport, LA 71135$275,764
DmrPlumbing And HvacPO BOX 19507, Shreveport, LA 71149$165,950
Revenue and Support

Revenue Composition

Contributions and Grants
$214,137,899
Program Service Revenue
$0
Investment Income
$24,499
Other Revenue
$291,832
All Other Contributions
$214,137,899
Change in Net Assets
$206,648,290

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial8$210,137,699Replacement Cost/Fair Market Value (FMV)
Total Noncash Contributions8$210,137,699-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,805,940
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$5,119,602--$5,119,602
Insurance$268,580--$268,580
Other Expenses$0$63,917-$63,917
All Other Expenses-$27,429-$27,429
Total Functional Expenses$7,714,594$91,346$0$7,805,940
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“There are no committees, the governing body addresses all matters.”

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

“The 990 was provided to all members and reviewed for completenes and accuracy.”

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

“The governing body is made up of 3 members who discuss all activities and review for potential conflict before proceeding.”

Form 990, Part VI, Section B, Line 15

“No compensation paid to governing body members”

Form 990, Part VI, Section C, Line 19

“The origination documents are available upon request to the board president”

Part VI, Sectiion C, Line 19

“The governing documents, conflict of interest policy and financial statements are available, upon request, at 333 texas street, suite 825, shreveport, la.”

Filing and Contact Details

Filer

Filer Name
Margaret Place Properties Inc
EIN
82-1878290
Phone
3182219600
Address
333 TEXAS STREET NO 1700, SHREVEPORT, LA 71101

Signing Officer

Name
William M Comegys Iii
Title
President
Phone
3182219600
Signed
2019-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William M Comegys Iii
Formed
2017
Legal Domicile
La
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
1000 E PRESTON AVE STE 200, SHREVEPORT, LA 71105
Preparer
David Oliver
Phone
3182222222
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“This corporation is organized to acquire title to real property formerly operated as a hospital by christus health northern louisiana ("christus health"), which intends to donate such property (hereinafter the "st. Mary campus") to the corporation on or before june 30, 2017. The corporation's charitable purpose will be accomplished by the leasing of st. Mary campus facilities to exempt and non-exempt health care providers, health-care educational entities, and health-care research entities. Such activity will permit the corporation, through its tenants, to provide an efficient, cost-effective, integrated health care campus and health-care education and research center for the citizens .of northwest louisiana. The corporation may not lease to entities which do not further its exempt purpose”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS CORPORATION IS ORGANIZED TO ACQUIRE TITLE TO REAL PROPERTY FORMERLY OPERATED AS A HOSPITAL BY CHRISTUS HEALTH NORTHERN LOUISIANA ("CHRISTUS HEALTH"), WHICH INTENDS TO DONATE SUCH PROPERTY (HEREINAFTER THE "ST. MARY CAMPUS") TO THE CORPORATION ON OR BEFORE JUNE 30, 2017. THE CORPORATION'S CHARITABLE PURPOSE WILL BE ACCOMPLISHED BY THE LEASING OF ST. MARY CAMPUS FACILITIES TO EXEMPT AND NON-EXEMPT HEALTH CARE PROVIDERS, HEALTH-CARE EDUCATIONAL ENTITIES, AND HEALTH-CARE RESEARCH ENTITIES. SUCH ACTIVITY WILL PERMIT THE CORPORATION, THROUGH ITS TENANTS, TO PROVIDE AN EFFICIENT, COST-EFFECTIVE, INTEGRATED HEALTH CARE CAMPUS AND HEALTH-CARE EDUCATION AND RESEARCH CENTER FOR THE CITIZENS .OF NORTHWEST LOUISIANA. THE CORPORATION MAY NOT LEASE TO ENTITIES WHICH DO NOT FURTHER ITS EXEMPT PURPOSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES, THE GOVERNING BODY ADDRESSES ALL MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 WAS PROVIDED TO ALL MEMBERS AND REVIEWED FOR COMPLETENES AND ACCURACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY IS MADE UP OF 3 MEMBERS WHO DISCUSS ALL ACTIVITIES AND REVIEW FOR POTENTIAL CONFLICT BEFORE PROCEEDING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO COMPENSATION PAID TO GOVERNING BODY MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORIGINATION DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE BOARD PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE, UPON REQUEST, AT 333 TEXAS STREET, SUITE 825, SHREVEPORT, LA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART VI, SECTIION C, LINE 19
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IRS990/SignificantChangeInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0206853080
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0214137899
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt091346
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM M COMEGYS III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03182219600
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARGARET PLACE PROPERTIES INC
ReturnHeader/Filer/BusinessNameControlTxt0MARG
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ReturnHeader/Filer/PhoneNum03182219600
ReturnHeader/Filer/USAddress/AddressLine1Txt0333 TEXAS STREET NO 1700
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.71.143.82
ReturnHeader/FilingSecurityInformation/IPDt02019-04-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:33:03
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721396621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARR RIGGS & INGRAM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 E PRESTON AVE STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHREVEPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID OLIVER
ReturnHeader/ReturnTs02019-04-15T10:56:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-06-06
ReturnHeader/TaxPeriodEndDt02018-05-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$206,853,080
Liabilities
$204,790
Net assets
$206,648,290
Revenue
$214,454,230
Expenses
$7,805,940
Net income
$206,648,290
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.56$0.56
2021Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.18$0.00$0.18
2020Detailed filing. Detailed filing data is available for this year.$197$0.24$197$4.85$9.49$4.64
2019Detailed filing. Detailed filing data is available for this year.$202$0.25$201$3.52$8.76$5.24
2018Detailed filing. Detailed filing data is available for this year.$207$0.20$207$214$7.81$207
2018Detailed filing. Detailed filing data is available for this year.$207$0.20$207$214$7.81$207