DISCOVERY HEALTH SCIENCES FOUNDATION INC

EIN: 453761886 501(c)(3)

KENNER, LA

Total Revenue
$47,362,507
Total Expenses
$41,061,740
Total Assets
$28,873,829
Net Assets
$20,602,489
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
LA
Principal Officer
PATTY GLASER
Phone
5042292137
Tax Period
2022-07-01 to 2023-06-30

DISCOVERY HEALTH SCIENCES FOUNDATION INC is a 501(c)(3) with EIN 453761886, based in KENNER, LA. Founded in 2011, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $47,362,507 in total revenue and $41,061,740 in total expenses, with net assets of $20,602,489.

Mission

THE MISSION OF DISCOVERY HEALTH SCIENCES FOUNDATION IS TO PROVIDE A RIGOROUS LEARNING ENVIRONMENT WHERE STUDENTS ACHIEVE ACADEMICALLY, DEVELOP INTELLECTUAL CURIOSITY, AND PRACTICE ENVIRONMENTAL RESPONSIBILITY WHILE EXPLORING HEALTH AND SCIENCE TOPICS AND CAREERS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $45,927,750
Program Service Revenue $1,375,555
Investment Income $41,087
Other Revenue $18,115
TOTAL REVENUE $47,362,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,595,143
Fundraising Expenses $2,017,280
Program Expenses $19,558,471
Other Expenses $16,466,597
TOTAL EXPENSES $41,061,740

Year-over-Year Comparison

2022 2021 Change
Revenue $47,362,507 $39,738,669 +0.2%
Expenses $41,061,740 $34,667,809 +0.2%
Net Income $6,300,767 $5,070,860 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
520
Volunteers
150

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$469,420
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILY ARATA BOARD MEMBER 3.00
Director
$0 $0 $0
JOE CALDARERA BOARD MEMBER 3.00
Director
$0 $0 $0
TODD THOMAS BOARD MEMBER 3.00
Director
$0 $0 $0
DIANE HOLLIS BOARD MEMBER 3.00
Director
$0 $0 $0
JIM HUDSON TREASURER 3.00
Officer Director
$0 $0 $0
VINICIO MADRIGAL MD BOARD MEMBER 3.00
Director
$0 $0 $0
JEANE MONTE M ED BOARD MEMBER 3.00
Director
$0 $0 $0
HENRY SHANE BOARD MEMBER 3.00
Director
$0 $0 $0
ALLISON SHARAI BOARD MEMBER 3.00
Director
$0 $0 $0
DAVID SHERMAN BOARD MEMBER 3.00
Director
$0 $0 $0
CHARLES TONEY JR BOARD MEMBER 3.00
Director
$0 $0 $0
BETH WALKER BOARD MEMBER 3.00
Officer Director
$0 $0 $0
LYNDA NUGENT-SMITH BOARD CHAIR 5.00
Officer Director
$0 $0 $0
RONNIE SLONE VICE CHAIR/SECRETARY 3.00
Officer Director
$0 $0 $0
PATTY GLASER PHD CEO 40.00
Officer
$248,172 $50,586 $298,758
DON WHEAT CFO 40.00
Officer
$142,611 $28,051 $170,662
SHARON PREEN AHOS CAO 40.00
Highest
$138,208 $11,960 $150,168
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $47,362,507 $41,061,740 $28,873,829 $6,300,767
2022 $39,738,669 $34,667,809 $17,024,478 $5,070,860
2021 $30,168,997 $27,226,152 $11,194,982 $2,942,845
2020 $22,299,270 $18,907,973 $7,489,543 $3,391,297
2019 $16,277,655 $14,730,771 $4,120,452 $1,546,884
2018 $12,779,500 $12,286,261 $2,887,299 $493,239
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