Nonprofit · EIN 26-0217428
LANE RMC FOUNDATION
Tax-exempt (reinstated) · ZACHARY, LA 70791
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $54,096 | $22,411 | $31,685 | $228,672 | $473,286 | -$244,614 |
| June 30, 2024 | 990 | $72,916 | $13,479 | $59,437 | $197,697 | $473,996 | -$276,299 |
| June 30, 2023 | 990 | $52,560 | $110,833 | -$58,273 | $138,672 | $474,409 | -$335,737 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $16,026
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $37,333
- Other revenue
- $38,070
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,211
- Program services (functional)
- $4,851
- Management and general (functional)
- $5,973
- Fundraising (functional)
- $11,587
Balance sheet and other
- Total assets, start of year
- $197,697
- Total assets, end of year
- $228,672
- Total liabilities, end of year
- $473,286
- Net assets, end of year
- -$244,614
- Net assets without donor restrictions
- -$244,614
- Gross receipts
- $71,313
- Employees
- 0
- Volunteers
- 57
- Year formed
- 2006
- State of legal domicile
- LA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THERESA PAYMENT | EXECUTIVE DIRECTOR Officer | 45 | $0 | $67,705 | $34,944 |
| MICHAEL DEVALL | FORMER CFO/ TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DONNA KLINE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JILL MCGRAW | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JENNIFER BOYD | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CHARLENE SMITH | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LIZZIE BENZER | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHLOE MCCLEARY | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SCOTT MASTERSON | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BRIAN GUIDRY | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| TAMARA DAYTON | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JENNIFER BOZEMAN | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MICHELLE GWYN | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ELIZABETH STAFFORD | CFO Officer | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL DEVALL | CFO/ TREASURER Trustee or director, Officer | 2 | $0 |
| DONNA KLINE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JILL MCGRAW | BOARD DIRECTOR Trustee or director | 2 | $0 |
| JENNIFER BOYD | SECRETARY Trustee or director, Officer | 2 | $0 |
| TERESA WEBB | BOARD DIRECTOR Trustee or director | 2 | $0 |
| LIZZIE BENZER | BOARD DIRECTOR Trustee or director | 2 | $0 |
| DONNA FONTANA | BOARD DIRECTOR Trustee or director | 2 | $0 |
| SCOTT MASTERSON | BOARD DIRECTOR Trustee or director | 2 | $0 |
| BRIAN GUIDRY | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| TAMARA DAYTON | BOARD DIRECTOR Trustee or director | 2 | $0 |
| JENNIFER BOZEMAN | BOARD DIRECTOR Trustee or director | 2 | $0 |
| THERESA PAYMENT | EXECUTIVE DIRECTOR Officer | 45 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THERESA PAYMENT | EXECUTIVE DIRECTOR Officer | 45 | $59,283 | $19,559 |
| MICHAEL DEVALL | CFO/ TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DONNA KLINE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JILL MCGRAW | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNIFER BOYD | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| TERESA WEBB | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 |
| LIZZIE BENZER | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 |
| DONNA FONTANA | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 |
| SCOTT MASTERSON | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIAN GUIDRY | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| TAMARA DAYTON | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNIFER BOZEMAN | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6300 MAIN ST, ZACHARY, LA 70791-4037
- In care of
- % RANDALL M OLSON
- Principal officer (990 for 2024)
- FRANK CORCORAN, 6300 MAIN STREET, ZACHARY, LA 70791
- Signed the 990
- FRANK CORCORAN, CEO
- Phone
- (225) 658-4303
- Website
- WWW.LANERMCFOUNDATION.ORG
- Return prepared by
- LAPORTE APAC
Mission
THE MISSION OF THE LANE REGIONAL MEDICAL CENTER FOUNDATION IS TO SUPPORT THE HOSPITAL IN ITS GOAL OF PROVIDING THE VERY BEST HEALTHCARE SERVICES, TECHNOLOGIES AND PROGRAMS TO EVERY PATIENT THAT ENTERS OUR DOORS. THE LANE RMC FOUNDATION PROVIDES AN AVENUE FOR COMMUNITY INVOLVEMENT AND PHILANTHROPIC GIVING TO HELP LANE REGIONAL MEDICAL CENTER PROVIDE LIFE-SAVING SERVICES AND TECHNOLOGIES. IT IS THE FOUNDATION'S ONGOING GOAL FOR EVERY GIFT, HOWEVER LARGE OR SMALL, TO PLAY AN IMPORTANT ROLE IN SUPPORTING SPECIFIC PROJECTS IDENTIFIED BY THE FOUNDATION BOARD THAT COMPLEMENTS THE MISSION OF LANE REGIONAL MEDICAL CENTER. CORPORATE, COMMUNITY AND EMPLOYEE VOLUNTEERS WORK TOGETHER THROUGH THE FOUNDATION TO RAISE MONEY FROM INDIVIDUALS, CORPORATIONS AND OTHER FOUNDATIONS TO BUILD AND SUSTAIN A FINANCIAL LEGACY ENSURING HEALTHCARE EXCELLENCE FOR FUTURE GENERATIONS.
Program accomplishments
- LANE REGIONAL MEDICAL CENTER FOUNDATION PROVIDES SUPPORT TO ITS SUPPORTED ORGANIZATION, LANE REGIONAL MEDICAL CENTER.Expenses $4,851
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-0217428
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E19)
- Assets (IRS master file)
- $228,672
- Income (IRS master file)
- $71,313
Revocation and reinstatement
- Exemption revoked
- November 15, 2010
- Posted by the IRS
- March 13, 2012
- Reinstated
- Effective December 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $54,096 | $22,411 | $228,672 | IRS |
| 990 | June 2024 | $72,916 | $13,479 | $197,697 | IRS |
| 990 | June 2023 | $52,560 | $110,833 | $138,672 | XML |
| 990 | June 2022 | $33,273 | $135,615 | $91,182 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 26-0217428).
Questions about LANE RMC FOUNDATION
- What is the EIN of LANE RMC FOUNDATION?
- The employer identification number (EIN) of LANE RMC FOUNDATION is 26-0217428.
- Is LANE RMC FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2010 and reinstated it effective December 15, 2014.
- Are donations to LANE RMC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LANE RMC FOUNDATION 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 LANE RMC FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LANE RMC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LANE RMC FOUNDATION?
- The 990 for the year ended June 30, 2025 names FRANK CORCORAN.
- Who are the officers and directors of LANE RMC FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does LANE RMC FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $54,096, expenses of $22,411 and total assets of $228,672 at year end.
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