LOUISIANA CHILDRENS MEDICAL CENTER

Financials

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

Address and contacts

Address (IRS master file)

1100 POYDRAS ST, NEW ORLEANS, LA 70163-1101

In care of

% CHILDRENS HOSPITAL

Principal officer (990 for 2024)

GREGORY C FEIRN, 1100 POYDRAS ST 2500 ENERGY CENTRE, NEW ORLEANS, LA 70163

Signed the 990

JOANN KUNKEL, CHIEF FINANCIAL OFFICER

Phone

(504) 896-2847

Website

WWW.LCMCHEALTH.ORG

Return prepared by

LAPORTE APAC

Mission

SEE SCHEDULE O

Program accomplishments

• LOUISIANA CHILDREN'S MEDICAL CENTER (LCMC) IS A LOUISIANA NON-STOCK NOT-FOR-PROFIT CORPORATION THAT WAS INCORPORATED IN 2009, WITH ITS FOUNDING MEMBER BEING CHILDREN'S HOSPITAL (CHILDREN'S). THROUGH A HEALTH CARE SYSTEM AGREEMENT (SYSTEM AGREEMENT) BETWEEN LCMC, CHILDREN'S, TOURO INFIRMARY AND ITS SUBSIDIARIES (TOURO), UNIVERSITY HEALTHCARE SYSTEM L.C. (EJGH AND TULANE) AND COOPERATIVE ENDEAVOR AGREEMENTS (CEAS) WITH UNIVERSITY MEDICAL CENTER MANAGEMENT CORPORATION (UMCMC) AND WEST JEFFERSON HOLDINGS, LLC (WEST JEFFERSON), THESE PARTIES HAVE DETERMINED THAT TOGETHER THEY CAN PROVIDE A MULTI-HOSPITAL, NOT-FOR-PROFIT COMMUNITY-BASED, SYSTEM THAT WILL PROVIDE A CONTINUUM OF CARE TO THE FAMILIES OF THE GULF SOUTH REGION. LCMC, CHILDREN'S, TOURO, UMCMC, EJGH AND WEST (CONTINUED ON SCHEDULE O) JEFFERSON ARE HEREINAFTER COLLECTIVELY REFERRED TO AS THE SYSTEM. LCMC FUNCTIONS AS THE SYSTEM PARENT WITH RESERVE POWERS TO BE EXERCISED TO PROMOTE THE BEST INTERESTS OF THE SYSTEM AND ITS AFFILIATES. ALL CORPORATE POWERS OF THE SYSTEM ARE VESTED IN THE BOARD OF TRUSTEES OF LCMC. CHILDREN'S PROVIDES COMPREHENSIVE PEDIATRIC HEALTHCARE THAT MEETS THE SPECIAL NEEDS OF CHILDREN THROUGH EXCELLENCE AND CONTINUOUS IMPROVEMENT OF PATIENT CARE, EDUCATION, AND RESEARCH. TOURO SERVES THE GREATER NEW ORLEANS COMMUNITY AS A PREMIER, DIVERSE, MULTI-SPECIALTY HOSPITAL, CARING FOR THE SICK REGARDLESS OF RACE, COLOR, CREED, RELIGIOUS AFFILIATION, OR ABILITY TO PAY. UMCMC OPERATES UNIVERSITY MEDICAL CENTER IN NEW ORLEANS (UMC). UMCMC IS A PROVIDER OF CHARITY CARE FOR THE UNINSURED AND PLAYS A VITAL ROLE AS A STATEWIDE REFERRAL CENTER FOR PATIENTS IN NEED OF TERTIARY CARE. UMCMC ALSO PROVIDES MEDICAL AND ALLIED HEALTH TRAINING THROUGH ITS AFFILIATION WITH ACADEMIC INSTITUTIONS TO STRENGTHEN AND ENHANCE OPPORTUNITIES TO ACHIEVE THE STATE'S MEDICAL EDUCATION, CLINICAL CARE, AND RESEARCH GOALS.IN TAX YEAR 2024, LCMC AND ITS AFFILIATES PROVIDED TOTAL COMMUNITY BENEFIT EXPENSE OF $1,254 MILLION. THIS AMOUNT REPRESENTED 36% OF THE AFFILIATES COMBINED TOTAL EXPENSE. LCMC AND ITS AFFILIATES PROVIDES SERVICES TO MANY LOW-INCOME RESIDENTS OF THE GREATER NEW ORLEANS AREA. IN 2024, $876 MILLION IN EXPENSE (25% OF THE AFFILIATES COMBINED TOTAL EXPENSE) WAS INCURRED IN PROVIDING SERVICES FOR MEDICAID RECIPIENTS AND IN PROVIDING FINANCIAL ASSISTANCE. TOURO, CHILDREN'S, AND OTHER HEALTH CARE PROVIDERS IN LOUISIANA HAVE COLLABORATED WITH THE STATE AND UNITS OF LOCAL GOVERNMENT IN LOUISIANA, TO MORE FULLY FUND THE MEDICAID PROGRAM AND ENSURE THE AVAILABILITY OF QUALITY HEALTHCARE SERVICES FOR THE LOW INCOME AND NEEDY RESIDENTS IN THE COMMUNITY POPULATION. THE PROVISION FOR THIS CHARITY CARE DIRECTLY TO LOW INCOME AND NEEDY PATIENTS WILL RESULT IN THE ALLEVIATION OF THE EXPENSE OF PUBLIC FUNDS THE GOVERNMENTAL ENTITIES PREVIOUSLY EXPENDED ON SUCH CARE, THEREBY ALLOWING THE GOVERNMENTAL ENTITIES TO INCREASE SUPPORT FOR THE STATE MEDICAID PROGRAM UP TO THE FEDERAL MEDICAID UPPER PAYMENT LIMITS (UPL). EACH STATE'S METHODOLOGY MUST COMPLY WITH ITS STATE PLAN AND BE APPROVED BY THE CENTERS FOR MEDICARE & MEDICAID SERVICES (CMS). FEDERAL MATCHING FUNDS ARE NOT AVAILABLE FOR MEDICAID PAYMENTS THAT EXCEED UPLS. IN TAX YEAR 2024, THE SYSTEM RECEIVED UPL PAYMENTS OF APPROXIMATELY $508.2 MILLION, WHICH ARE INCLUDED IN DIRECT OFFSETTING REVENUE ON PART I, LINE 7B IN SCHEDULE H OF THE RESPECTIVE HOSPITAL'S 990S.
  Expenses $62,244,598 · grants $1,432,146 · revenue $163,266,757
• THE SYSTEM PROVIDES INPATIENT, OUTPATIENT, EMERGENCY AND CRITICAL CARE, HOME HEALTH, AND REHABILITATION SERVICES. THE SYSTEM HAS A TOTAL OF 989 LICENSED PATIENT BEDS. THE SYSTEM TREATED 35,441 INPATIENTS AND HAD 169,624 OUTPATIENT VISITS DURING 2024. THERE WERE 25,860 SURGERIES (INPATIENT, OUTPATIENT, AND AMBULATORY SURGERY CENTER), 152,350 EMERGENCY DEPARTMENT VISITS AND 4,033 BABIES DELIVERED. THE SYSTEM HAD 376,196 PRIMARY CARE AND SPECIALTY CLINIC VISTS IN 2024.
  Expenses $1,139,618,316 · revenue $1,441,725,242
• COMMUNITY HEALTH SERVICES AND COMMUNITY BENEFIT OPERATIONS PROVIDE FREE HEALTH EDUCATION PROGRAMS AND SCREENINGS TO THE COMMUNITY. THESE PROGRAMS ARE DESIGNED TO FOCUS ON SOME OF THE MOST PREVALENT DISEASES WITHIN THE COMMUNITY, SUCH AS DIABETES, HEART DISEASE AND CANCER. THESE PROGRAMS ADDRESS PREVENTION, EARLY DETECTION, TREATMENT AND MAINTAINING HEALTHY LIFESTYLES.
  Expenses $1,383,509 · revenue $67,669

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

IRS record

EIN

94-3480131

Tax-exempt status

501(c)(3): Charitable, religious, educational or scientific organization

Foundation status

Hospital or medical research organization

Donations deductible (Pub 78)

Public charity, 50% deduction limit

Exempt since

2009

Accounting year ends

December

Files

Form 990 or 990-EZ

Category (NTEE)

Health care (E20)

Assets (IRS master file)

$4,317,318,445

Income (IRS master file)

$1,635,655,698

Filing history

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-3480131).

Questions about LOUISIANA CHILDRENS MEDICAL CENTER

What is the EIN of LOUISIANA CHILDRENS MEDICAL CENTER?

The employer identification number (EIN) of LOUISIANA CHILDRENS MEDICAL CENTER is 94-3480131.

Is LOUISIANA CHILDRENS MEDICAL CENTER tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.

Are donations to LOUISIANA CHILDRENS MEDICAL CENTER tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does LOUISIANA CHILDRENS MEDICAL CENTER file?

Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.

When is the next return of LOUISIANA CHILDRENS MEDICAL CENTER due?

The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.

When did LOUISIANA CHILDRENS MEDICAL CENTER last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended December 2024.

Who is the principal officer of LOUISIANA CHILDRENS MEDICAL CENTER?

The 990 for the year ended December 31, 2024 names GREGORY C FEIRN.

Who are the officers and directors of LOUISIANA CHILDRENS MEDICAL CENTER?

The 990 for the year ended December 31, 2024 lists 42 people; 16 received compensation from the organization, the highest $2,780,273 (GREGORY C FEIRN, PRESIDENT AND CEO).

How much revenue does LOUISIANA CHILDRENS MEDICAL CENTER have?

On its 990 for the year ended December 31, 2024 it reported revenue of $1,635,655,698, expenses of $1,706,822,808 and total assets of $4,317,318,445 at year end.

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