Illinois Childrens Healthcare Foundation
- Assets
- $141.9m
- Revenue
- $5.8m
- Investments
- $138.7m
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 03-0503425
Organization Overview
Illinois Childrens Healthcare Foundation is located in Oak Brook, IL. The organization was established in 2003. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Childrens Healthcare Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Illinois Childrens Healthcare Foundation generated $5.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $9.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Illinois Childrens Healthcare Foundation has awarded 435 individual grants totaling $58,757,939. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ILLINOIS CHILDREN'S HEALTHCARE FOUNDATION WORKS TO ENSURE THAT EVERY CHILD IN ILLINOIS HAS ACCESS TO AFFORDABLE AND QUALITY HEALTH CARE BY MAKING GRANTS TO OTHER NOT-FOR-PROFIT ORGANIZATIONS THAT CONDUCT PROGRAMS DESIGNED TO ADDRESS A VARIETY OF ACCESS ISSUES. GRANTMAKING IS FOCUSED IN TWO SPECIFIC AREAS: IMPROVING THE ORAL HEALTH OF UNDERSERVED CHILDREN AND ADDRESSING THE MENTAL HEALTH NEEDS OF CHILDREN. IN ADDITION, THE FOUNDATION MONITORS OTHER EMERGING HEALTH ISSUES THAT THE BOARD OF DIRECTORS MAY SELECT AS FOCUS AREAS IN THE FUTURE.THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myrtis Sullivan MD Chair/director | 5 | $0 | |
Juan Carlos Avila Vice Chair/director | 2.5 | $0 | |
Philip S Cali Treasurer/director | 5 | $0 | |
Icy Cade-Bell MD Secretary/director | 2.5 | $0 | |
Heather Higgins Alderman President | 40 | $310,000 | |
Regina Crider Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Univ Of Il-urbana | 12/30/23 | $305,477 |
Meridian Metamorphosis Llc | 12/30/23 | $60,000 |
Vanguard | 12/30/23 | $114,833 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,408,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,375,534 |
| Capital Gain Net Income | $2,376,299 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,784,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $310,000 |
| Other employee salaries and wages | $670,119 |
| Pension plans, employee benefits | $257,138 |
| Interest | $0 |
| Taxes | $173,963 |
| Depreciation | $4,080 |
| Occupancy | $70,287 |
| Travel, conferences, and meetings | $116,050 |
| Printing and publications | $3,989 |
| Other expenses | $97,223 |
| Total operating and administrative expenses | $2,413,888 |
| Contributions, gifts, grants paid | $6,817,721 |
| Total expenses and disbursements | $9,231,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,627,193 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,242 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $19,666 |
| Other assets | $479,210 |
| Total assets | $141,891,372 |
| Accounts payable and accrued expenses | $17,256 |
| Grants payable | $2,722,075 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $498,038 |
| Total liabilities | $3,237,369 |
Grants Awarded
Over the last fiscal year, Illinois Childrens Healthcare Foundation has awarded $8,842,721 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
ADLER UNIVERSITY SCHOOL OF PROFESSIONAL PSYCHOLOGY PURPOSE: TEEN MENTAL AND BEHAVIORAL HEALTH CAREER PATHWAYS | $20,000 |
ADVOCATE NORTH SIDE HEALTH NETWORK PURPOSE: A NEW HOME FOR DENTISTRY AT ADVOCATE ILLINOIS MASONIC-CLOSING THE GAP IMPROVING ACCESS TO ORAL HEALTH CARE FOR CHILDREN IN NEED | $300,000 |
ALIVIO MEDICAL CENTER INC PURPOSE: LITTLE VILLAGE CAMPUS INTEGRATED SYSTEM FOR BEHAVIORAL HEALTHCARE | $150,000 |
B U I L D INCORPORATED PURPOSE: BUILDING GIRLS 2 WOMEN (BG2W) | $10,000 |
BOARD OF TRUSTEES OF SOUTHERN ILLINOIS UNIVERSITY PURPOSE: CREATING A PIPELINE FOR FUTURE ORAL HEALTHCARE PROFESSIONALS IN MADISON COUNTY, ILLINOIS | $20,000 |
BOARD OF TRUSTEES OF THE U OF ILLINOIS PURPOSE: GAGE PARK EXPANSION PROJECT | $34,000 |