Civic Intelligence

The 15 White Coats Inc.

EIN 86-1991878 • 501(c)3 • Gretna, LA

Pub. 78 Eligible990-N Coverage

Profile

To provide financial support to students

406 Gretna Blvd 2944Gretna, LA 70053

www.the15whitecoats.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.00x

Higher debt load relative to revenue than 36% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

91st percentile

53%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$81,538

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

96th percentile

165%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

86%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$610,118

Up $380,238 (+165%) from 2023

Liabilities

Up

$224

Up $11 (+5.2%) from 2023

Net Assets

Up

$609,894

Up $380,227 (+166%) from 2023

Revenue

Up

$668,422

Up $308,598 (+86%) from 2023

Expenses

Up

$313,190

Up $84,612 (+37%) from 2023

Net Income

Up

$355,232

Up $223,986 (+171%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2022: $106,175Liabilities 2022: $8,750Net Assets 2022: $97,4252022Assets 2023: $229,880Liabilities 2023: $213Net Assets 2023: $229,6672023Assets 2024: $610,118Liabilities 2024: $224Net Assets 2024: $609,8942024

Highlighted filing

2024

Assets$610,118
Liabilities$224
Net Assets$609,894

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0Revenue 2022: $88,908Expenses 2022: $40,567Net Income 2022: $48,3412022Revenue 2023: $359,824Expenses 2023: $228,578Net Income 2023: $131,2462023Revenue 2024: $668,422Expenses 2024: $313,190Net Income 2024: $355,2322024

Highlighted filing

2024

Revenue$668,422
Expenses$313,190
Net Income$355,232

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 24, 2025
Return Version
2024v5.2
Gross Receipts
$681,112
Mission and Program Overview

Mission

To provide financial support to students

To promote diversity and inclusion in medicine via representation and financial aid.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$400,000-
Cash and Non-Interest-Bearing Accounts$226,675$181,935▼ $44,740
Accounts Receivable-$20,000-
Receivables From Officers Etc-$5,779-
Land, Buildings, and Equipment, Net$3,205$2,404▼ $801
Total Assets$229,880$610,118▲ $380,238
Liabilities
Accounts Payable and Accrued Expenses$213$224▲ $11
Total Liabilities$213$224▲ $11
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$229,667$609,894▲ $380,227
Total Net Assets Fund Balance$229,667$609,894▲ $380,227
Total Liabilities and Net Assets / Fund Balance$229,880$610,118▲ $380,238

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,404$1,602$4,006
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa BatisteExecutive DirectorFT$81,538$81,538

Board Members and Trustees

NameTitle
Dr Russell J Ledet Md Phd MbaPresident
Dr Sydney C Labat MdVice President
Brian E Washington JrDirector (exiting 2024)
Dr Rachel M Turner MdDirector (exiting 2024)
Deanna FryDirector (incoming 2024)
Samantha LuxenbergDirector (incoming 2024)
W Marcus LambertDirector (incoming 2024)
Revenue and Support

Revenue Composition

Contributions and Grants
$675,139
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-6,717
All Other Contributions
$675,139
Change in Net Assets
$355,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$158,655
Salaries, Compensation, and Employee Benefits$124,679
Grants and Similar Amounts Paid$29,856
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$40,769$40,769-$81,538
Fees for Services Other$5,380$33,107-$38,487
Other Salaries and Wages$25,065$11,795-$36,860
Advertising-$31,032-$31,032
Grants to Domestic Individuals$29,856--$29,856
Information Technology$10,550$15,412-$25,962
Fees for Services Legal-$11,360-$11,360
Fees for Services Accounting-$8,910-$8,910
Payroll Taxes$3,493$2,788-$6,281
Travel-$2,656-$2,656
Office Expenses-$1,743-$1,743
Conferences and Meetings-$1,727-$1,727
Depreciation Depletion$801--$801
Other Expenses$29,081$85-$85
Total Functional Expenses$144,995$168,195$0$313,190
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$5,779-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 B, Line 11B

A draft form 990 is distributed to all members of the board of directors and a dedicated session is scheduled at the next board meeting to collectively review, focusing on key areas such as financial statements, disclosures, and compliance with nonprofit regulations. The board must approve the form 990 by a majority vote. After approval by the board of directors an external advisor reviews the document to ensure that it aligns with best practices for financial reporting and compliance. After incorporating all final amendments and feedback from the external advisor, the board of directors give the final approval for submission.

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

All directors, officers, employees, and volunteers shall annually affirm their understanding of and compliance with the conflict of interest policy and disclose any actual or potential conflicts of interest. Any transaction or decision involving an interested person with a potential conflict of interest shall be reviewed and approved by disinterested members of the board of directors or its designated committee to ensure that it is in the best interests of the organization. No interested person shall use their position within the organization to improperly influence any decision or transaction to benefit themselves or any related person or entity. Violations of the conflict of interest policy may result in disciplinary action, including removal from office or termination of employment or volunteer position, as well as legal action if warranted.

Form 990, Part VI, Section B, Line 15A

A thorough evaluation of the executive director role was conducted to define its scope, responsibilities, and expected contributions to the organization. The compensation committee conducted extensive research to understand the prevailing market rates for executive director compensation given similar responsibilities, qualifications, and experience levels. This includes benchmarking against comparable organizations helps ensure that the compensation package is competitive and aligns with industry standards. The board of directors annually reviews, deliberates, and approves the executive director compensation package to ensure a competitive salary that aligns with the organization's goals and values. The most recent review occurred in october 2025.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
The 15 White Coats Inc
EIN
86-1991878
Phone
2023511664
Address
406 GRETNA BLVD 2944, GRETNA, LA 70053

Signing Officer

Name
Dr Russell Ledet
Title
President
Phone
2023511664
Signed
2025-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Russell J Ledet
Formed
2021
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
0

Preparer

Firm
Johnson Lambert Llp
Address
4242 SIX FORKS ROAD SUITE 1500, RALEIGH, NC 27609
Preparer
J Calvin Marks
Phone
9197196400
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Provide access to high quality black literature through book boxes place inside of youth centered organizations.

Form 990, Part IX, Line 11G

Contract workers: program service expenses 5,380. Management and general expenses 33,107. Fundraising expenses 0. Total expenses 38,487.

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt02404
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01602
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04006
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02404
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt016279
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt113577
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0USMLE SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1MCAT SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt025
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt130
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL GRANT RECIPIENTS MUST COMMIT TO COMPLETING 80% OF COHORT PROGRAMMING AND BEGIN BY SPECIFIC DATES DEFINED ANNUALLY. RECIPIENTS ARE SUBJECT TO AN INTERVIEW PROCESS AND MONTHLY MENTOR MEETINGS TO ENSURE FUNDS ARE BEING USED TO THE FULLEST POTENTIAL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PERSONAL EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt05779
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DR RUSSELL LEDET
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt05779
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE ACCESS TO HIGH QUALITY BLACK LITERATURE THROUGH BOOK BOXES PLACE INSIDE OF YOUTH CENTERED ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND A DEDICATED SESSION IS SCHEDULED AT THE NEXT BOARD MEETING TO COLLECTIVELY REVIEW, FOCUSING ON KEY AREAS SUCH AS FINANCIAL STATEMENTS, DISCLOSURES, AND COMPLIANCE WITH NONPROFIT REGULATIONS. THE BOARD MUST APPROVE THE FORM 990 BY A MAJORITY VOTE. AFTER APPROVAL BY THE BOARD OF DIRECTORS AN EXTERNAL ADVISOR REVIEWS THE DOCUMENT TO ENSURE THAT IT ALIGNS WITH BEST PRACTICES FOR FINANCIAL REPORTING AND COMPLIANCE. AFTER INCORPORATING ALL FINAL AMENDMENTS AND FEEDBACK FROM THE EXTERNAL ADVISOR, THE BOARD OF DIRECTORS GIVE THE FINAL APPROVAL FOR SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DIRECTORS, OFFICERS, EMPLOYEES, AND VOLUNTEERS SHALL ANNUALLY AFFIRM THEIR UNDERSTANDING OF AND COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. ANY TRANSACTION OR DECISION INVOLVING AN INTERESTED PERSON WITH A POTENTIAL CONFLICT OF INTEREST SHALL BE REVIEWED AND APPROVED BY DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS OR ITS DESIGNATED COMMITTEE TO ENSURE THAT IT IS IN THE BEST INTERESTS OF THE ORGANIZATION. NO INTERESTED PERSON SHALL USE THEIR POSITION WITHIN THE ORGANIZATION TO IMPROPERLY INFLUENCE ANY DECISION OR TRANSACTION TO BENEFIT THEMSELVES OR ANY RELATED PERSON OR ENTITY. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY MAY RESULT IN DISCIPLINARY ACTION, INCLUDING REMOVAL FROM OFFICE OR TERMINATION OF EMPLOYMENT OR VOLUNTEER POSITION, AS WELL AS LEGAL ACTION IF WARRANTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A THOROUGH EVALUATION OF THE EXECUTIVE DIRECTOR ROLE WAS CONDUCTED TO DEFINE ITS SCOPE, RESPONSIBILITIES, AND EXPECTED CONTRIBUTIONS TO THE ORGANIZATION. THE COMPENSATION COMMITTEE CONDUCTED EXTENSIVE RESEARCH TO UNDERSTAND THE PREVAILING MARKET RATES FOR EXECUTIVE DIRECTOR COMPENSATION GIVEN SIMILAR RESPONSIBILITIES, QUALIFICATIONS, AND EXPERIENCE LEVELS. THIS INCLUDES BENCHMARKING AGAINST COMPARABLE ORGANIZATIONS HELPS ENSURE THAT THE COMPENSATION PACKAGE IS COMPETITIVE AND ALIGNS WITH INDUSTRY STANDARDS. THE BOARD OF DIRECTORS ANNUALLY REVIEWS, DELIBERATES, AND APPROVES THE EXECUTIVE DIRECTOR COMPENSATION PACKAGE TO ENSURE A COMPETITIVE SALARY THAT ALIGNS WITH THE ORGANIZATION'S GOALS AND VALUES. THE MOST RECENT REVIEW OCCURRED IN OCTOBER 2025.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND INTERNAL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACT WORKERS: PROGRAM SERVICE EXPENSES 5,380. MANAGEMENT AND GENERAL EXPENSES 33,107. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,487.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0675139
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0168195
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0144995
IRS990/TotalFunctionalExpensesGrp/TotalAmt0313190
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0213
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0144995
IRS990/TotalReportableCompFromOrgAmt081538
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-6717
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0668422
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0229880
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0610118
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/TotalAmt02656
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0406 GRETNA BLVD 2944
IRS990/USAddress/CityNm0GRETNA
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070053
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THE15WHITECOATS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DR RUSSELL LEDET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02023511664
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE 15 WHITE COATS INC
ReturnHeader/Filer/BusinessNameControlTxt015WH
ReturnHeader/Filer/EIN0861991878
ReturnHeader/Filer/PhoneNum02023511664
ReturnHeader/Filer/USAddress/AddressLine1Txt0406 GRETNA BLVD 2944
ReturnHeader/Filer/USAddress/CityNm0GRETNA
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ReturnHeader/Filer/USAddress/ZIPCd070053
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521446779
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHNSON LAMBERT LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04242 SIX FORKS ROAD SUITE 1500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027609
ReturnHeader/PreparerPersonGrp/PhoneNum09197196400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J CALVIN MARKS
ReturnHeader/ReturnTs02025-10-24T10:19:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31

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