Nonprofit · EIN 72-0502505
OCHSNER CLINIC FOUNDATION
Tax-exempt · NEW ORLEANS, LA 70121
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,038,885,387 | $5,713,804,551 | $325,080,836 | $6,628,093,772 | $3,430,335,599 | $3,197,758,173 |
| December 31, 2023 | 990 | $5,368,249,222 | $5,008,368,403 | $359,880,819 | $6,305,971,167 | $3,437,524,159 | $2,868,447,008 |
| December 31, 2022 | 990 | $5,075,999,430 | $5,042,071,077 | $33,928,353 | $6,051,337,659 | $3,570,273,291 | $2,481,064,368 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $72,017,253
- of which government grants
- $21,322,617
- Program service revenue
- $5,280,325,816
- Investment income
- $57,560,722
- Royalties
- $1,021,923
- Net rental income
- -$8,929,446
- Net gain from sales of assets
- $8,242,653
- Net income from fundraising events
- -$1,669,447
- Net income from gaming
- $199,766
- Net income from sales of inventory
- $15,860,808
- Other revenue
- $628,981,596
Expenses
- Grants and similar amounts paid
- $8,271,730
- Compensation of officers, directors and key employees
- $41,144,491
- Other salaries and wages
- $2,517,986,666
- Salaries, compensation and benefits (total)
- $2,921,188,287
- Professional fundraising fees
- $0
- Legal fees
- $32,958,093
- Accounting fees
- $1,248,401
- Occupancy
- $160,863,993
- Travel
- $8,221,080
- Depreciation
- $141,454,434
- Program services (functional)
- $4,601,537,247
- Management and general (functional)
- $1,106,420,981
- Fundraising (functional)
- $5,846,323
Balance sheet and other
- Total assets, start of year
- $6,305,971,167
- Total assets, end of year
- $6,628,093,772
- Total liabilities, end of year
- $3,430,335,599
- Net assets, end of year
- $3,197,758,173
- Land, buildings and equipment
- $1,234,840,886
- Publicly traded securities
- $1,145,246,548
- Net assets without donor restrictions
- $3,007,220,254
- Net assets with donor restrictions
- $190,537,919
- Gross unrelated business income
- $36,412,167
- Gross receipts
- $9,329,375,033
- Employees
- 43,018
- Volunteers
- 618
- Year formed
- 1944
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER C NOVEMBER | CEO/BOARD MEMBER Trustee or director, Officer | 42 | $6,112,385 | $899,128 |
| BENJAMIN B PEELER MD | SR PHYSICIAN-SECTION HEAD Highest-paid employee | 50 | $6,742,839 | $17,173 |
| ROBERT I HART MD | CHIEF PHYS EXEC & PRES, OCH CLINIC Officer | 48 | $4,182,299 | $229,267 |
| MICHAEL F HULEFELD | PRESIDENT & CHIEF OPERATING OFFICER Officer | 44 | $3,695,089 | $510,933 |
| TRACEY T SCHIRO | EVP-CHIEF PEOPLE & CULTURE OFFICER Key employee | 50 | $3,385,647 | $407,792 |
| JAMES MOLLOY | EVP-CFO AND TREASURER Officer | 44 | $2,583,583 | $712,539 |
| MOHAMAD A ALLAM MD | PHYSICIAN Highest-paid employee | 50 | $3,197,542 | $36,440 |
| GEORGE E LOSS JR MD PHD | SYS VP-CHIEF CLNC TRANSF & STRAT OFF Highest-paid employee | 50 | $1,821,402 | $488,953 |
| CUONG Q BUI MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $2,129,951 | $38,723 |
| PATRICK E PARRINO MD | SR PHYSICIAN-VICE CHAIR Highest-paid employee | 50 | $1,857,249 | $35,573 |
| LEONARDO B SEOANE MD | EVP-CHIEF ACADEMIC OFFICER Key employee | 50 | $1,707,724 | $169,919 |
| DENISE S BASOW | EVP-CHIEF DIGITAL HEALTH OFFICER Highest-paid employee | 50 | $1,838,091 | $17,280 |
| ROBERT WOLTERMAN | CEO-SS REGION & CLINICAL JVS Key employee | 50 | $1,280,561 | $120,447 |
| SHELLEY S TYNAN | SYS VP-LEGAL & GEN COUNSEL, SEC Officer | 44 | $1,219,217 | $160,690 |
| CHARLES D DAIGLE | CEO-BATON ROUGE & LAKE CHARLES Key employee | 50 | $1,109,060 | $124,680 |
31 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT J POSECAI | EXECUTIVE CONSULTANT Former | 50 | $1,191,838 | $32,342 |
| TIMOTHY L RIDDELL MD | BRD MBR/CEO-NS & MS GC (END: 4/24) Trustee or director | 50 | $994,131 | $86,285 |
| BRIAN A MOORE MD | BOARD MEMBER/RMD Trustee or director | 50 | $928,072 | $38,073 |
| MATTHEW BLOCK | EVP-CHIEF ADMINISTRATIVE OFFICER Key employee | 48 | $856,278 | $28,426 |
| BRADLEY R GOODSON | CEO-OMC (END: 9/24) Key employee | 50 | $849,965 | $27,739 |
| ALDO J RUSSO MD | REG MED DIR, BR REG (END: 12/24) Key employee | 50 | $837,082 | $39,717 |
| WILLIAM D SUMRALL III MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $826,497 | $36,313 |
| BETH E WALKER | CEO-OMC (BEG: 9/24) Key employee | 50 | $733,963 | $63,639 |
| ALISHA M LACOUR MD | BOARD MEMBER/RMD Trustee or director | 50 | $627,695 | $7,135 |
| J ERIC MCMILLEN | FORMER KEY EMPLOYEE Former | 50 | $622,934 | $6 |
| ABDUL M KHAN MD | REG MED DIR, KEN/WB (BEG: 6/24) Key employee | 50 | $562,696 | $35,053 |
| SUMA D JAIN MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $545,534 | $8,557 |
| SUSAN H GUNN MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $456,841 | $36,746 |
| DAWN M PUENTE MD | RMD, BAP/KEN/WB (END: 5/24) Key employee | 50 | $474,894 | $13,785 |
| VICTORIA A SMITH MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $428,720 | $21,695 |
| KAREN B BLESSEY MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $402,439 | $6,973 |
| TIFFANY L DAVIS MD | BOARD MEMBER/SR PHYS (BEG: 4/24) Trustee or director | 50 | $372,561 | $17,355 |
| SUZANNE T MESTAYER | PAST CHAIR/COMMUNITY DIRECTOR Trustee or director | 5 | $81,075 | $0 |
| WILLIAM H HINES | COMMUNITY DIRECTOR Trustee or director | 5 | $75,840 | $0 |
| R PARKER LECORGNE | COMMUNITY DIRECTOR Trustee or director | 5 | $70,451 | $0 |
| BEN DOGA MD | COMMUNITY DIRECTOR Trustee or director | 5 | $68,946 | $0 |
| JARED QUOYESER | COMMUNITY DIRECTOR Trustee or director | 5 | $66,668 | $0 |
| H DAVID WILSON | COMMUNITY DIRECTOR Trustee or director | 5 | $64,643 | $0 |
| JOHN A EVANS | COMMUNITY DIRECTOR Trustee or director | 5 | $50,091 | $0 |
| JUSTIN AUGUSTINE | COMMUNITY DIRECTOR (BEG: 5/24) Trustee or director | 5 | $36,446 | $0 |
| ANDREW B WISDOM | COMMUNITY DIRECTOR, BOARD CHAIR Trustee or director, Officer | 5 | $22,720 | $0 |
| JEFFERSON G PARKER | COMMUNITY DIRECTOR Trustee or director | 5 | $22,682 | $0 |
| ROBERT J PATRICK | COMMUNITY DIRECTOR Trustee or director | 5 | $18,930 | $0 |
| JAMES E MAURIN | COMMUNITY DIRECTOR (END: 5/24) Trustee or director | 5 | $17,148 | $0 |
| DENNIS LAUSCHA | COMMUNITY DIRECTOR Trustee or director | 5 | $10,617 | $0 |
| JOSE S SUQUET | COMMUNITY DIRECTOR Trustee or director | 5 | $6,756 | $0 |
990 for the year ended December 31, 2023: 45 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VICTOR TEDESCO MD | PHYSICIAN Highest-paid employee | 50 | $3,705,388 | $2,124,166 |
| PETER C NOVEMBER | CEO / BOARD MEMBER Trustee or director, Officer | 41 | $4,183,651 | $852,128 |
| EDWARD YERGER | PHYSICIAN-AMD Highest-paid employee | 48 | $2,490,432 | $1,557,826 |
| MICHAEL F HULEFELD | PRESIDENT & CHIEF OPERATING OFFICER Officer | 44 | $3,305,352 | $483,357 |
| ROBERT I HART MD | CHIEF PHYS EXEC & PRES, OCH CLINIC Officer | 48 | $2,701,841 | $213,244 |
| BENJAMIN B PEELER MD | SR PHYSICIAN-SECTION HEAD Highest-paid employee | 50 | $2,893,969 | $17,645 |
| TRACEY SCHIRO | EVP-CHIEF HR & ADMIN OFF (END: 12/23) Officer | 50 | $1,802,639 | $360,586 |
| SCOTT J POSECAI | EVP-CFO AND TREASURER (END: 12/2023) Officer | 43 | $1,687,086 | $236,804 |
| GEORGE E LOSS JR MD PHD | REG MED DIR, SS Key employee | 50 | $1,805,118 | $40,712 |
| SUBBAREDDY KONDA MD | PHYSICIAN Highest-paid employee | 50 | $1,798,463 | $20,128 |
| CUONG Q BUI MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $1,698,916 | $34,421 |
| ADITYA BANSAL MD | SR PHYSICIAN-SECTION HEAD Highest-paid employee | 50 | $1,599,174 | $30,783 |
| LEONARDO SEOANE MD | SR VP-CHIEF ACADEMIC OFFICER Key employee | 50 | $1,366,689 | $223,257 |
| ROBERT WOLTERMAN | CEO-SS REGION & CLINICAL JVS Key employee | 50 | $1,235,216 | $173,377 |
| CHARLES D DAIGLE | CEO-BATON ROUGE & LAKE CHARLES Key employee | 50 | $978,897 | $95,892 |
| SHELLEY S TYNAN | SYS VP-LEGAL & GEN COUNSEL, SEC Officer | 44 | $948,176 | $94,513 |
| VINCENT R ADOLPH MD | BOARD MEMBER/RMD (END: 12/2023) Trustee or director | 50 | $966,467 | $24,387 |
| TIMOTHY L RIDDELL MD | BOARD MEMBER/CEO-NS & MS GC Trustee or director | 50 | $828,434 | $81,977 |
| BRADLEY R GOODSON | CEO-OMC Key employee | 50 | $760,681 | $92,913 |
| RICHARD D GUTHRIE JR MD | FORMER KEY EMPLOYEE Former | 50 | $748,158 | $91,023 |
| WILLIAM SUMRALL III MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $799,464 | $31,861 |
| ALDO J RUSSO MD | REG MED DIR, BR REG Key employee | 50 | $749,672 | $35,925 |
| DAWN M PUENTE MD | REG MED DIR, BAP, KEN, WB REG Key employee | 50 | $695,963 | $88,344 |
| ARMIN SCHUBERT MD | FORMER KEY EMPLOYEE Former | 50 | $696,293 | $28,354 |
| J ERIC MCMILLEN | FORMER KEY EMPLOYEE Former | 50 | $572,949 | $51,633 |
| ALISHA M LACOUR MD | BOARD MEMBER/RMD Trustee or director | 50 | $514,019 | $7,087 |
| STEVEN B DEITELZWEIG MD | FORMER KEY EMPLOYEE Former | 50 | $458,949 | $44,697 |
| SUMA JAIN MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $480,340 | $9,557 |
| YVENS G LABORDE MD | FORMER KEY EMPLOYEE Former | 50 | $437,244 | $51,300 |
| SUSAN HUGHEY GUNN MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $400,788 | $32,040 |
| VICTORIA A SMITH MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $407,569 | $17,767 |
| KAREN B BLESSEY MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $387,800 | $6,973 |
| SUZANNE T MESTAYER | PAST CHAIR/COMMUNITY DIRECTOR Trustee or director | 5 | $70,570 | $0 |
| WILLIAM H HINES | COMMUNITY DIRECTOR Trustee or director | 5 | $68,876 | $0 |
| R PARKER LECORGNE | COMMUNITY DIRECTOR Trustee or director | 5 | $56,577 | $0 |
| H DAVID WILSON | COMMUNITY DIRECTOR Trustee or director | 5 | $56,192 | $0 |
| BEN DOGA MD | COMMUNITY DIRECTOR Trustee or director | 5 | $56,000 | $0 |
| JARED QUOYESER | COMMUNITY DIRECTOR Trustee or director | 5 | $55,410 | $0 |
| JOHN EVANS | COMMUNITY DIRECTOR Trustee or director | 5 | $51,340 | $0 |
| ANDREW B WISDOM | COMMUNITY DIRECTOR, BOARD CHAIR Trustee or director, Officer | 5 | $33,399 | $0 |
| JEFFERSON G PARKER | COMMUNITY DIRECTOR Trustee or director | 5 | $14,561 | $0 |
| ROBERT J PATRICK | COMMUNITY DIRECTOR Trustee or director | 5 | $13,399 | $0 |
| JOSE S SUQUET | COMMUNITY DIRECTOR Trustee or director | 5 | $12,793 | $0 |
| JAMES E MAURIN | COMMUNITY DIRECTOR Trustee or director | 5 | $4,227 | $0 |
| DENNIS LAUSCHA | COMMUNITY DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2022: 47 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WARNER L THOMAS | PRES/CEO/BOARD MEMBER (END: 11/2022) Trustee or director, Officer | 44 | $10,003,805 | $17,031 |
| MICHAEL F HULEFELD | PRESIDENT & CHIEF OPERATING OFFICER (BEG: 11/2022) Officer | 44 | $4,486,995 | $29,651 |
| PETER C NOVEMBER | CEO / BOARD MEMBER (BEG: 11/2022) Trustee or director, Officer | 42 | $3,923,201 | $30,750 |
| BENJAMIN B PEELER MD | SR PHYSICIAN-SECTION HEAD Highest-paid employee | 50 | $2,671,193 | $16,002 |
| SCOTT J POSECAI | EVP-CFO AND TREASURER (BEG: 11/22) Officer | 44 | $2,445,735 | $32,723 |
| ROBERT I HART MD | CHIEF PHYS EXEC & PRES, OCH CLINIC (BEG: 11/22) Officer | 48 | $2,015,533 | $164,231 |
| TRACEY SCHIRO | EVP-CHIEF HR & ADMIN OFF (BEG: 11/22) Officer | 50 | $1,905,543 | $264,299 |
| VICTOR TEDESCO MD | PHYSICIAN Highest-paid employee | 50 | $1,602,082 | $25,680 |
| LEONARDO SEOANE MD | SR VP-CHIEF ACADEMIC OFFICER Key employee | 50 | $1,585,609 | $29,303 |
| GEORGE E LOSS JR MD PHD | REG MED DIR, SS Key employee | 50 | $1,545,446 | $32,864 |
| CUONG Q BUI MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $1,522,703 | $33,106 |
| PAUL C CELESTRE MD | SR PHYSICIAN-VICE CHAIR Highest-paid employee | 50 | $1,491,336 | $32,589 |
| DENISE BASOW | EVP-CHIEF DIGITAL HEALTH OFFICER Highest-paid employee | 50 | $1,475,818 | $7,491 |
| RICHARD V MILANI MD | SR PHYSICIAN EXEC-CCTO Highest-paid employee | 50 | $1,311,746 | $23,935 |
| ROBERT WOLTERMAN | CEO-SS REGION & CLINICAL JVS Key employee | 50 | $1,037,407 | $29,494 |
| VINCENT R ADOLPH MD | BOARD MEMBER/REGIONAL MEDICAL DIRECT Trustee or director | 50 | $921,944 | $23,312 |
| CHARLES D DAIGLE | CEO-N LA & BR/LC REGION Key employee | 50 | $852,861 | $30,784 |
| SHELLEY S TYNAN | SYS VP-LEGAL/GEN COUN, SEC (BEG: (9/22) Officer | 45 | $789,273 | $36,562 |
| WILLIAM SUMRALL III MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $746,690 | $30,396 |
| ALDO J RUSSO MD | REG MED DIR, BR REG Key employee | 50 | $693,144 | $33,595 |
| BRADLEY R GOODSON | CEO-OMC Key employee | 50 | $697,255 | $29,356 |
| RICHARD D GUTHRIE JR MD | FORMER KEY EMPLOYEE Former | 50 | $655,584 | $32,000 |
| TIMOTHY L RIDDELL MD | BOARD /CEO-NS & MS GC (BEG: 11/22) Trustee or director | 50 | $666,959 | $15,994 |
| DAWN M PUENTE MD | REG MED DIR, BAP, KEN, WB REG Key employee | 50 | $638,219 | $31,500 |
| ARMIN SCHUBERT MD | FORMER KEY EMPLOYEE Former | 50 | $616,750 | $30,922 |
| J ERIC MCMILLEN | FORMER KEY EMPLOYEE Former | 50 | $534,979 | $30,562 |
| STEVEN B DEITELZWEIG MD | FORMER KEY EMPLOYEE Former | 50 | $466,599 | $38,209 |
| SUSAN HUGHEY GUNN MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $420,124 | $28,846 |
| YVENS G LABORDE MD | FORMER KEY EMPLOYEE Former | 50 | $405,986 | $30,403 |
| VICTORIA A SMITH MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $399,512 | $23,360 |
| ALISHA M LACOUR MD | BOARD MEMBER/RMD (BEG: 11/22) Trustee or director | 50 | $410,708 | $7,135 |
| SUMA JAIN MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $401,379 | $9,307 |
| KAREN B BLESSEY MD | BOARD MEMBER/SENIOR PHYSICIAN Trustee or director | 50 | $343,505 | $6,973 |
| BOBBY C BRANNON | FMR EXEC VP & TREAS Former | 50 | $100,500 | $8 |
| ANDREW B WISDOM | COMMUNITY DIRECTOR, BOARD CHAIR Trustee or director, Officer | 5 | $90,884 | $0 |
| SUZANNE T MESTAYER | PAST CHAIR/COMMUNITY DIRECTOR Trustee or director | 5 | $69,379 | $0 |
| WILLIAM H HINES | COMMUNITY DIRECTOR Trustee or director | 5 | $67,083 | $0 |
| H DAVID WILSON | COMMUNITY DIRECTOR Trustee or director | 5 | $56,294 | $0 |
| R PARKER LECORGNE | COMMUNITY DIRECTOR Trustee or director | 5 | $56,248 | $0 |
| BEN DOGA MD | COMMUNITY DIRECTOR Trustee or director | 5 | $55,536 | $0 |
| JOHN EVANS | COMMUNITY DIRECTOR Trustee or director | 5 | $51,745 | $0 |
| JARED QUOYESER | COMMUNITY DIRECTOR (BEG: 06/2022) Trustee or director | 5 | $16,332 | $0 |
| MANDI MITCHELL | COMMUNITY DIRECTOR (END: 06/2022) Trustee or director | 5 | $13,485 | $0 |
| ROBERT J PATRICK | COMMUNITY DIRECTOR Trustee or director | 5 | $10,883 | $0 |
| JOSE S SUQUET | COMMUNITY DIRECTOR Trustee or director | 5 | $10,654 | $0 |
| JEFFERSON G PARKER | COMMUNITY DIRECTOR Trustee or director | 5 | $9,914 | $0 |
| JAMES E MAURIN | COMMUNITY DIRECTOR Trustee or director | 5 | $7,634 | $0 |
Address and contacts
- Address (IRS master file)
- 1514 JEFFERSON HWY, NEW ORLEANS, LA 70121-2451
- In care of
- % JEREMY BUFFINGTON
- Principal officer (990 for 2024)
- PETER C NOVEMBER, 1514 JEFFERSON HWY BH 546, NEW ORLEANS, LA 70121
- Signed the 990
- JIM MOLLOY, EVP, CFO, AND TREASURER
- Phone
- (504) 842-4097
- Website
- WWW.OCHSNER.ORG
- Return prepared by
- ERNST & YOUNG US LLP
Mission
WE SERVE, HEAL, LEAD, EDUCATE AND INNOVATE.
Program accomplishments
- PATIENT CARE/PATIENT MEDICAL SERVICES: OCHSNER CLINIC FOUNDATION CONSISTS OF SIX HOSPITALS AT ELEVEN CAMPUSES AND MANY CLINICAL LOCATIONS. SERVED 72,118 INPATIENTS RESULTING IN 344,905 PATIENT DAYS. EMERGENCY ROOM VISITS TOTALED 608,545. THE NUMBER OF BIRTHS TOTALED 11,671. OUTPATIENT HOSPITAL VISITS TOTALED 1,606,307. PHYSICIAN CLINIC VISITS TOTAL 4,263,864. 386 PATIENTS RECEIVED ORGAN TRANSPLANTS.Expenses $4,501,121,190 · grants $8,271,730 · revenue $5,224,191,008
- DIVISION OF ACADEMICS: SINCE 1944, ACADEMICS HAS BEEN AN INTEGRAL COMPONENT OF THE MISSION, VISIONS AND STRATEGY OF THE OCHSNER ORGANIZATION. THE DIVISION OF ACADEMICS, ENCOMPASSING BOTH MEDICAL EDUCATION AND RESEARCH, ADDS EMPHASIS, INTELLECTUAL CAPITAL, AND FOCUS TO OCHSNER'S MISSION TO LEAD, EDUCATE, AND INNOVATE, WITH THE PRIMARY FOCUS OF PROVIDING THE HIGHEST QUALITY CARE AND SERVICE TO THE OCHSNER COMMUNITIES AND PATIENTS. OUR MEDICAL EDUCATION MISSION IS TO EDUCATE AND TRAIN A HEALTH PROFESSIONAL WORKFORCE THAT IS PREPARED TO PROVIDE SAFE AND EFFICIENT CARE IN AN EVOLVING HEALTHCARE DELIVERY SYSTEM ALONG WITH OUR RESEARCH MISSION TO ENHANCE, FOSTER, AND PROMOTE TRANSLATIONAL, CLINICAL AND HEALTH SERVICES RESEARCH OF THE HIGHEST QUALITY TO IMPROVE THE CLINICAL CARE OF OUR PATIENTS. THE ACADEMIC AREAS ARE OPERATING DIVISIONS OF OCF. RESIDENCY TRAINING PROGRAMS. OCF OPERATES ONE OF THE NATION'S LARGEST INDEPENDENT ACADEMIC MEDICAL CENTERS AND TRAINS OVER 360 RESIDENTS AND FELLOWS ANNUALLY IN 35 INDEPENDENT OCF-SPONSORED ACCREDITED RESIDENCY TRAINING PROGRAMS. IN ADDITION, OCHSNER IS A JOINT SPONSOR WITH THE LOUISIANA STATE UNIVERSITY HEALTH SCIENCE CENTER ("LSUHSC",) PSYCHIATRY PROGRAM, AND IS A JOINT SPONSOR WITH TULANE UNIVERSITY SCHOOL OF MEDICINE ("TULANE") FOR PEDIATRICS AND OTOLARYNGOLOGY PROGRAMS. THE JOINT PROGRAMS INCLUDE APPROXIMATELY 87 RESIDENTS. IN ADDITION, APPROXIMATELY ANOTHER 740 RESIDENTS AND FELLOWS ROTATE TO OCF IN VARIOUS DISCIPLINES OF MEDICINE AND SURGERY UNDER AFFILIATION AGREEMENTS WITH LSUHSC AND TULANE AS WELL AS OTHER SCHOOLS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. OCHSNER ALSO SUPPORTS LSUHSC RESIDENCY TRAINING PROGRAMS AT OCHSNER MEDICAL CENTER - KENNER WHERE APPROXIMATELY 55 RESIDENTS IN FAMILY PRACTICE AND INTERNAL MEDICINE, AND APPROXIMATELY 90 RESIDENTS IN MEDICINE AND SURGICAL SPECIALTIES TRAINING PROGRAMS COMPLETE CLINICAL ROTATIONS ANNUALLY.UNIVERSITY OF QUEENSLAND, OCHSNER CLINICAL SCHOOL. IN THE FALL OF 2008, OCHSNER ENTERED INTO A PARTNERSHIP WITH THE UNIVERSITY OF QUEENSLAND SCHOOL OF MEDICINE IN BRISBANE, AUSTRALIA TO DEVELOP THE UNIVERSITY OF QUEENSLAND, OCHSNER CLINICAL SCHOOL ("OCS".) THE UNIVERSITY OF QUEENSLAND OCHSNER CLINICAL SCHOOL IS FULLY ACCREDITED BY THE AUSTRALIAN MEDICAL COUNCIL AND AT FULL STUDENT COMPLIMENT, THIS PROGRAM GRADUATES APPROXIMATELY 100 MEDICAL STUDENTS EACH YEAR. THE STUDENTS GRADUATE WITH A DOCTOR OF MEDICINE (MD) DEGREE. AS OF JANUARY 2024, THERE WERE 352 STUDENTS ENROLLED IN THE UNIVERSITY OF QUEENSLAND, OCS PROGRAM. IN 2024, THE OCS RESIDENCY MATCH RATE WAS 99%. IN ADDITION TO THE UNIVERSITY OF QUEENSLAND, OCS PROGRAM, OCHSNER CONTINUES TO PROVIDE OVER 268 STUDENT-MONTHS OF CLINICAL EDUCATION TO OVER 233 MEDICAL STUDENTS FROM TULANE AND THE LSUHSC AND OTHER MEDICAL SCHOOL PROGRAMS FROM ACROSS THE REGION, COUNTRY AND AROUND THE WORLD.THE OCHSNER DEPARTMENT OF CONTINUING MEDICAL EDUCATION (CME) HAS BEEN ACCREDITED BY THE ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION (ACCME) SINCE 1976. APPROXIMATELY 160 CME EDUCATIONAL ACTIVITIES ARE HELD ANNUALLY THROUGH REGULARLY SCHEDULED SERIES, INTERNET COURSES, AND LIVE ACTIVITIES PROVIDING MORE THAN 23,000 PRACTICING PHYSICIANS WITH OVER 39,000 CME CREDITS. OCF ALSO COLLABORATES WITH OVER 20 JOINT PROVIDERS TO ISSUE CME CREDIT FOR EDUCATIONAL ACTIVITIES SPONSORED THROUGH THE JOINT PROVIDER. THESE EDUCATIONAL ACTIVITIES INCLUDE NATIONAL SOCIETIES, REGIONAL HOSPITALS, AND SPECIALTY GROUPS. NURSING/ALLIED HEALTH/ADVANCED PRACTICE AFFILIATIONS. OCF HAS FORMAL AFFILIATIONS WITH OVER 200 INSTITUTIONS OF HIGHER LEARNING. OCF, THROUGH NURSING, ALLIED HEALTH, AND ADVANCED PRACTICE AFFILIATIONS, ENABLES STUDENTS ENROLLED IN OVER 275 COLLEGE AND UNIVERSITY PROGRAMS THROUGHOUT THE UNITED STATES TO COMPLETE FORMAL CLINICAL TRAINING DEGREE REQUIREMENTS. THROUGH THESE AFFILIATIONS, OCHSNER PROVIDES CLINICAL TRAINING AND MENTORING TO OVER 6,000 STUDENTS. IN ADDITION TO THESE AFFILIATIONS, OCHSNER IS PARTNERED WITH XAVIER UNIVERSITY OF NEW ORLEANS TO FACILITATE A PHYSICIAN ASSISTANT PROGRAM AND LOYOLA UNIVERSITY OF NEW ORLEANS TO FACILITATE A BACHELOR'S OF NURSING PROGRAM.APPROVALS AND ACCREDITATIONS. OCF'S DIVISION OF ACADEMICS' EDUCATION PROGRAMS ARE ACCREDITED BY OR REGISTERED WITH THE FOLLOWING AGENCIES:ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION (ACGME)ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION (ACCME)AMERICAN ASSOCIATION OF MEDICAL COLLEGES (AAMC)AUSTRALIAN MEDICAL COUNCIL (AMC)COUNCIL ON TEACHING HOSPITALS (COTH)Expenses $50,688,206 · revenue $11,991,467
- MEDICAL RESEARCH: CURRENTLY, OCHSNER CLINIC FOUNDATION OPERATES FOUR BASIC SCIENCE RESEARCH LABORATORIES WITH NEARLY 600 ACTIVE CLINICAL TRIALS IN 40 CLINICAL AREAS. OVER 8,000 PATIENTS PARTICIPATE IN OCHSNER CLINICAL RESEARCH ANNUALLY. EVERY CLINICAL TRIAL IS OVERSEEN BY THE OCHSNER INSTITUTIONAL REVIEW BOARD, WHICH PROVIDES OVERSIGHT OF THE SAFETY OF THE HUMAN SUBJECTS PARTICIPATING IN CLINICAL TRIALS. OCHSNER ESTABLISHED THE OCHSNER CENTER FOR OUTCOMES HEALTH RESEARCH (OCOHR), THE MISSION OF WHICH IS TO ADVANCE KNOWLEDGE, IMPROVE CLINICAL PRACTICE, AND THE HEALTH AND WELL-BEING OF THE COMMUNITY. OCOHR IS A MAJOR COLLABORATOR ON SEVERAL GRANTS FUNDED BY THE PATIENT-CENTERED OUTCOMES RESEARCH INSTITUTE AND THE NATIONAL INSTITUTES OF HEALTH. THE CLINICAL TRIAL UNIT LOCATED ON THE BAPTIST HOSPITAL CAMPUS WAS ESTABLISHED IN 2012 TO PROVIDE THE ABILITY TO CARRY OUT A VARIETY OF CLINICAL TRIALS, INCLUDING COMPLEX TRIALS REQUIRING CLOSE MONITORING, HIGH-VOLUME TRIALS AND MORE. FROM INCEPTION, OVER 5,000 PATIENTS HAVE PARTICIPATED IN RESEARCH STUDIES AT THE CTU. A SECOND CLINICAL TRIAL UNIT LOCATED ON THE KENNER HOSPITAL CAMPUS WAS RECENTLY OPENED PRIMARILY FOR VACCINE AND OTHER HIGH ENROLLING STUDIES. THE BIOREPOSITORY & CORE RESEARCH LAB UNIT, LOCATED AT OCHSNER MEDICAL CENTER, WAS ESTABLISHED IN 2011 TO DEVELOP A ROBUST INVENTORY OF HUMAN BIOSPECIMENS AND BIOFLUIDS FOR UTILIZATION IN RESEARCH PROJECTS. SINCE INCEPTION, OVER 5,000 PATIENTS HAVE DONATED THEIR TISSUES AND BIOFLUIDS.Expenses $33,183,471 · revenue $11,465,777
- OCHSNER FITNESS CENTER: DESIGNED TO MEET THE HEALTH AND FITNESS GOALS OF ITS MEMBERS, OCHSNER FITNESS CENTER ("THE FITNESS CENTER") PROVIDES FITNESS SERVICES TO PATIENTS, EMPLOYEES, AND OTHER MEMBERS OF THE COMMUNITY, INCLUDING SENIORS AND CHILDREN. THE FITNESS CENTER SERVES THE COMMUNITY AS A VALUABLE RESOURCE IN THE PREVENTION OF DISEASE. THE FITNESS CENTER IS INTEGRATED WITH OCHSNER'S PATIENT CARE SERVICES THROUGH ITS MEDICAL FITNESS REFERRAL PROGRAM AND ITS PHYSICAL AND OCCUPATIONAL THERAPY SERVICES. THE FITNESS CENTER ALSO PROVIDES OUTREACH TO THE COMMUNITY, INCLUDING EDUCATIONAL PROGRAMS, COMMUNITY NUTRITION OUTREACH, AND A YOUTH OBESITY PROGRAM.Expenses $13,420,126 · revenue $17,729,710
- RENT - PHYSICAL PLANT: OCHSNER CLINIC FOUNDATION RENTS ITS PHYSICAL PLANT TO RELATED 501(C)(3) ORGANIZATIONS. THE MAJORITY OF THE RENTAL IS TO BRENT HOUSE CORPORATION, A WHOLLY-OWNED SUBSIDIARY AND EXEMPT 501(C)(3) ORGANIZATION. BRENT HOUSE FULLY REIMBURSES OCHSNER FOR EXPENSES RELATED TO THE HOTEL.Expenses $3,124,254 · revenue $3,124,254
- PROGRAM RELATED INVESTMENTS: EQUITY INCOME FROM JOINT VENTURE PROVIDING PATIENT CARE.revenue $11,823,600
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.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-0502505
- 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
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $6,628,093,772
- Income (IRS master file)
- $9,329,375,033
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,038,885,387 | $5,713,804,551 | $6,628,093,772 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,368,249,222 | $5,008,368,403 | $6,305,971,167 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $5,075,999,430 | $5,042,071,077 | $6,051,337,659 | XML |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 72-0502505).
Questions about OCHSNER CLINIC FOUNDATION
- What is the EIN of OCHSNER CLINIC FOUNDATION?
- The employer identification number (EIN) of OCHSNER CLINIC FOUNDATION is 72-0502505.
- Is OCHSNER CLINIC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1944.
- Are donations to OCHSNER CLINIC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OCHSNER CLINIC 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 OCHSNER CLINIC FOUNDATION 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 OCHSNER CLINIC FOUNDATION 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 OCHSNER CLINIC FOUNDATION?
- The 990 for the year ended December 31, 2024 names PETER C NOVEMBER.
- Who are the officers and directors of OCHSNER CLINIC FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 46 people; 46 received compensation from the organization, the highest $6,112,385 (PETER C NOVEMBER, CEO/BOARD MEMBER).
- How much revenue does OCHSNER CLINIC FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,038,885,387, expenses of $5,713,804,551 and total assets of $6,628,093,772 at year end.
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