Ochsner Clinic Foundation
81% goes to programs $8 to raise $100 Strong reserves Growing revenue
Ochsner Clinic Foundation is a 501(c)(3) organization based in New Orleans, Louisiana, registered in 1944, with $6,038,885,387 in FY2024 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
1514 Jefferson Hwy, New Orleans, LA, 70121 EIN 72-0502505 Since 1944
Revenue (FY2024)
$6.0B
▲ 12.5% vs prior year
Health median: $840K
Expenses (FY2024)
$5.7B
Net assets
$3.2B
Employees
43,018
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating81% to programs · $8 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ochsner Clinic Foundation: 81% to programs · $8 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ochsner Clinic Foundation: 7 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ochsner Clinic Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ochsner Clinic Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Patient care, graduate medical education, & medical research
What they do
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 wi
Contact & location
- Address
- 1514 Jefferson Hwy, New Orleans, LA, 70121
- City
- New Orleans
- State
- Louisiana
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $5.6B (FY2013) to $6.0B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.4BNet assets $3.2B
Operating margin
5.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.6B
Total liabilities
$3.4B
Net assets
$3.2B
Salaries & benefits
$2.9B
51% of expenses
Board members
25
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,038,885,387▲12.5% | $5,713,804,551▲14.1% | $3,197,758,173▲11.5% | $6,628,093,772▲5.1% | 990 |
| 2023 | $5,368,249,222▲5.8% | $5,008,368,403▼0.7% | $2,868,447,008▲15.6% | $6,305,971,167▲4.2% | 990 |
| 2022 | $5,075,999,430▲3.5% | $5,042,071,077▲8.2% | $2,481,064,368▲12.0% | $6,051,337,659▲6.3% | 990 |
| 2021 | $4,902,026,766▲16.3% | $4,658,470,804▲16.5% | $2,215,636,467▲20.5% | $5,690,182,815▲8.6% | 990 |
| 2020 | $4,213,475,352▲12.5% | $3,997,373,045▲11.5% | $1,838,755,311▲52.4% | $5,239,386,939▲50.1% | 990 |
| 2019 | $3,746,277,344▲10.4% | $3,585,232,327▲10.6% | $1,206,242,024▲18.5% | $3,490,558,630▲19.1% | 990 |
| 2018 | $3,393,701,724▲12.9% | $3,240,904,463▲12.6% | $1,018,214,566▲5.4% | $2,930,887,555▲10.5% | 990 |
| 2017 | $3,006,828,810▼58.3% | $2,878,075,267▼59.8% | $965,920,167▲19.6% | $2,651,229,587▲17.4% | 990 |
| 2016 | $7,216,705,808▲8.9% | $7,159,545,591▲9.4% | $807,492,709▲2.4% | $2,258,707,558▲3.6% | 990 |
| 2015 | $6,627,941,524▲8.4% | $6,546,010,317▲8.4% | $788,684,576▲4.2% | $2,179,873,516▲20.6% | 990 |
| 2014 | $6,112,141,935▲10.1% | $6,040,109,225▲9.9% | $756,681,839▲11.3% | $1,807,294,721▲5.7% | 990 |
| 2013 | $5,550,198,190 | $5,497,859,163▲14.1% | $679,942,722▲19.5% | $1,710,614,387▲12.5% | 990 |
| 2012 | — | $4,817,365,003▲7.9% | $568,991,695▼2.1% | $1,520,412,322▼0.4% | 990 |
| 2011 | — | $4,465,883,733▲9.6% | $581,171,544▼8.2% | $1,526,123,835▲22.0% | 990 |
| 2010 | — | $4,074,328,303 | $632,799,204 | $1,251,257,418 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Benjamin B Peeler Md — $6,742,839 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Benjamin B Peeler Md | Sr Physician-section Head | 50 | $6,742,839 |
| Peter C November | Ceo/board Member | 42 | $6,112,385 |
| Robert I Hart Md | Chief Phys Exec & Pres, Och Clinic | 48 | $4,182,299 |
| Michael F Hulefeld | President & Chief Operating Officer | 44 | $3,695,089 |
| Tracey T Schiro | Evp-chief People & Culture Officer | 50 | $3,385,647 |
| Mohamad A Allam Md | Physician | 50 | $3,197,542 |
| James Molloy | Evp-cfo and Treasurer | 44 | $2,583,583 |
| Cuong Q Bui Md | Board Member/senior Physician | 50 | $2,129,951 |
| Patrick E Parrino Md | Sr Physician-vice Chair | 50 | $1,857,249 |
| Denise S Basow | Evp-chief Digital Health Officer | 50 | $1,838,091 |
| George E Loss Jr Md Phd | Sys Vp-chief Clnc Transf & Strat Off | 50 | $1,821,402 |
| Leonardo B Seoane Md | Evp-chief Academic Officer | 50 | $1,707,724 |
| Robert Wolterman | Ceo-ss Region & Clinical Jvs | 50 | $1,280,561 |
| Shelley S Tynan | Sys Vp-legal & Gen Counsel, Sec | 44 | $1,219,217 |
| Scott J Posecai | Executive Consultant | 50 | $1,191,838 |
| Charles D Daigle | Ceo-baton Rouge & Lake Charles | 50 | $1,109,060 |
| Timothy L Riddell Md | Brd Mbr/ceo-ns & Ms Gc (end: 4/24) | 50 | $994,131 |
| Brian A Moore Md | Board Member/rmd | 50 | $928,072 |
| Matthew Block | Evp-chief Administrative Officer | 48 | $856,278 |
| Bradley R Goodson | Ceo-omc (end: 9/24) | 50 | $849,965 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Woodward Design Build LLC | Construction | $38,297,154 |
| Lsuhsc - New Orleans | Purchased Physician Services | $34,606,176 |
| South Louisiana Medical Associates | Professional Services | $26,816,446 |
| Gjerset & Lorenz LLP | Legal Services | $26,094,962 |
| Louisiana Anesthesia Solutions LLC | Professional Services | $18,918,111 |
Grants received · $97.4M total
249 grants to Ochsner Clinic Foundation totaling $97.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Greater New Orleans Foundation | Health | 2024 | $566,275 |
| Michael J Fox Foundation For Parkinsons Research | Parkinson's research | 2024 | $233,083 |
| American Cancer Society Inc | Patient support | 2024 | $227,500 |
| American Cancer Society Inc | Patient support | 2024 | $150,000 |
| Parkinsons Foundation Inc | Center of excellence grants | 2024 | $60,000 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2024 | $42,730 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $27,500 |
| Mayo Clinic Group Return | Support charitable programs | 2024 | $23,285 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy25 center of excellence/research | 2024 | $15,000 |
| American Online Giving Foundation Inc | General support | 2024 | $10,203 |
| American Heart Association Inc | Hemorrhagic stroke initiative | 2024 | $10,000 |
| National Christian Charitable Foundation | Medical care | 2024 | $6,000 |
| American Cancer Society Inc | Patient support | 2023 | $235,000 |
| Xavier University of Louisiana | Research | 2023 | $215,000 |
| National Philanthropic Tr | Health | 2023 | $205,250 |
Grants made · $6.7M in FY2024
124 grants totaling $6.7M in FY2024 — showing the 15 largest. All grants made by Ochsner Clinic Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Louisiana At Lafayette Foundation | General assistance | $815,660 |
| L S U Foundation | General assistance | $750,000 |
| Southern University In New Orleans Foundation Inc | General assistance | $500,000 |
| New Orleans Jazz & Heritage Foundation Inc | General assistance | $354,695 |
| Urban League of Louisiana | General assistance | $350,000 |
| Fletcher Technical Community College Foundation Inc | General assistance | $201,200 |
| Youth Empowerment Project | General assistance | $200,000 |
| Kid Smart | General assistance | $160,000 |
| National World War II Museum Inc | General assistance | $160,000 |
| Travelers Aid Society of Greater New Orleans | General assistance | $157,000 |
| Team Gleason Foundation | General assistance | $150,000 |
| Entergy Charitable Foundation | General assistance | $125,000 |
| Son of A Saint | General assistance | $125,000 |
| City of New Orleans | General assistance | $123,512 |
| University of New Orleans Foundation | General assistance | $116,000 |
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Frequently asked questions
- Is Ochsner Clinic Foundation a legitimate nonprofit?
- Yes. Ochsner Clinic Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 72-0502505, based in New Orleans, Louisiana. Donations are tax-deductible.
- What is Ochsner Clinic Foundation's EIN?
- Ochsner Clinic Foundation's Employer Identification Number (EIN) is 72-0502505.
- How much revenue does Ochsner Clinic Foundation report?
- Ochsner Clinic Foundation reported $6,038,885,387 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Ochsner Clinic Foundation's spending goes to programs?
- Ochsner Clinic Foundation spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ochsner Clinic Foundation have?
- CharityIndex grades Ochsner Clinic Foundation A, based on program efficiency and fundraising cost.
- How much does Ochsner Clinic Foundation's highest-paid employee make?
- The highest reported compensation on Ochsner Clinic Foundation's latest Form 990 is $6,742,839, paid to Benjamin B Peeler Md (Sr Physician-section Head).
More nonprofits in New Orleans
Explore more
Data for Ochsner Clinic Foundation (EIN 72-0502505) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.