Nonprofit · EIN 72-1304946
FOUNDATION HEALTH SERVICES INC
Also known as MAGNOLIA HEALTHCARE INC
Tax-exempt · BATON ROUGE, LA 70835
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $30,203,346 | $28,697,781 | $1,505,565 | $15,237,566 | $11,716,152 | $3,521,414 |
| December 31, 2023 | 990 | $26,232,279 | $22,922,754 | $3,309,525 | $15,688,485 | $13,672,636 | $2,015,849 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $28,734,964
- Investment income
- $1,433,313
- Other revenue
- $35,069
Expenses
- Grants and similar amounts paid
- $934,261
- Other salaries and wages
- $10,898,866
- Salaries, compensation and benefits (total)
- $12,219,665
- Professional fundraising fees
- $0
- Legal fees
- $53,508
- Accounting fees
- $81,576
- Occupancy
- $728,137
- Travel
- $270,245
- Depreciation
- $658,775
- Program services (functional)
- $21,413,191
- Management and general (functional)
- $7,284,590
Balance sheet and other
- Total assets, start of year
- $15,688,485
- Total assets, end of year
- $15,237,566
- Total liabilities, end of year
- $11,716,152
- Net assets, end of year
- $3,521,414
- Land, buildings and equipment
- $3,111,721
- Net assets without donor restrictions
- $3,521,414
- Gross receipts
- $30,203,346
- Employees
- 567
- Volunteers
- 0
- Year formed
- 1995
- State of legal domicile
- MS
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD T DASPIT SR | PRESIDENT Trustee or director, Officer | 10 | $0 | $241,341 | $6,566 |
| TASHA MOSLEY | ADMINISTRATOR Highest-paid employee | 40 | $124,722 | $0 | $114 |
| JAMES BURKE | DIRECTOR OF MARKETING Highest-paid employee | 40 | $108,362 | $0 | $6,094 |
| CHARLOTTE ROXANNE DOUGLAS | STAFFING COORDINATOR Highest-paid employee | 40 | $105,257 | $0 | $5,863 |
| LACEY TERRELL | DIRECTOR OF NURSING Highest-paid employee | 40 | $101,076 | $0 | $108 |
| LOUIS HERRERO | SECRETARY Trustee or director, Officer | 10 | $0 | $12,000 | $0 |
| G STUART MURPHY III | TREASURER Trustee or director, Officer | 10 | $0 | $12,000 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD T DASPIT SR | PRESIDENT Trustee or director, Officer | 1 | $0 | $239,553 | $6,528 |
| SCOTT MATTHEWS | ADMINISTRATOR Highest-paid employee | 40 | $127,543 | $0 | $5,248 |
| VIVIAN RICHARDSON | DIRECTOR OF CLINICAL SERVICES Highest-paid employee | 40 | $122,331 | $0 | $5,248 |
| TASHA MOSLEY | ADMINISTRATOR Highest-paid employee | 40 | $110,721 | $0 | $99 |
| LOUIS HERRERO | SECRETARY Trustee or director, Officer | 1 | $0 | $12,000 | $0 |
| G STUART MURPHY III | TREASURER Trustee or director, Officer | 1 | $0 | $12,000 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 40018, BATON ROUGE, LA 70835-0018
- In care of
- % ALLISON LEBLANC
- Principal officer (990 for 2024)
- RICHARD T DASPIT SR, 17617 S HARRELLS FERRY ROAD, BATON ROUGE, LA 70816
- Signed the 990
- RICHARD T DASPIT SR, PRESIDENT
- Phone
- (225) 753-0864
- Website
- WWW.MHIHEALTH.ORG
- Return prepared by
- CBIZ MHM LLC
Mission
TO SERVE THE HEALTH AND REHABILITATION NEEDS OF THE COMMUNITY AND TO IMPROVE THE QUALITY OF LIFE FOR EACH PATIENT, RESIDENT, FAMILY MEMBER, VISITOR AND CO-WORKER.
Program accomplishments
- OWN AND OPERATE FOUR NURSING HOMES TOTALING BEDS IN VARIOUS LOCATIONS. OUR FACILITIES COMBINE A SPACIOUS, HOMELIKE ENVIRONMENT WITH SKILLED NURSING CARE AND SPECIALISTS IN THE REHABILITATION THERAPIES THAT HELP OLDER ADULTS MAINTAIN OR REGAIN FUNCTION.Expenses $21,413,191 · grants $934,261 · revenue $28,734,964
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
- 72-1304946
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 8588: FOUNDATION HEALTH SERVICES INC
- Assets (IRS master file)
- $15,237,566
- Income (IRS master file)
- $30,203,346
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $30,203,346 | $28,697,781 | $15,237,566 | IRS |
| 990 | December 2023 | $26,232,279 | $22,922,754 | $15,688,485 | XML |
| 990 | December 2022 | $27,584,269 | $23,381,029 | $15,447,465 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 72-1304946).
Questions about FOUNDATION HEALTH SERVICES INC
- What is the EIN of FOUNDATION HEALTH SERVICES INC?
- The employer identification number (EIN) of FOUNDATION HEALTH SERVICES INC is 72-1304946.
- Is FOUNDATION HEALTH SERVICES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Which annual return does FOUNDATION HEALTH SERVICES INC 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 FOUNDATION HEALTH SERVICES INC 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 FOUNDATION HEALTH SERVICES INC 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 FOUNDATION HEALTH SERVICES INC?
- The 990 for the year ended December 31, 2024 names RICHARD T DASPIT SR.
- Who are the officers and directors of FOUNDATION HEALTH SERVICES INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 4 received compensation from the organization.
- How much revenue does FOUNDATION HEALTH SERVICES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $30,203,346, expenses of $28,697,781 and total assets of $15,237,566 at year end.
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