Healthcare Foundation Of Northern Lake County
- Assets
- $64.1m
- Revenue
- $4.0m
- Investments
- $62.8m
- Employees
- 0
- Location
- Grayslake, IL
- Founding
- 09/2007
- Data as of
- 05/2022
- EIN
- 20-5253008
Organization Overview
Healthcare Foundation Of Northern Lake County is located in Grayslake, IL. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcare Foundation Of Northern Lake County 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 05/2022, Healthcare Foundation Of Northern Lake County generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $3.2m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Healthcare Foundation Of Northern Lake County has awarded 135 individual grants totaling $7,562,112. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest Vasseur Executive Director | 40 | $230,964 | |
Angela Baran Program Officer | 40 | $104,852 | |
Meredith Polirer Office Administrator | 40 | $84,905 | |
Frances Baxley MD Vice Chair/director | 5 | $0 | |
Maria Schwartz Ms Bsn RN Director | 1 | $0 | |
Luis Berrones Chair/director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kittleman & Assoc Llc | 5/30/22 | $73,964 |
Leading Healthy Futures | 5/30/22 | $55,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,208,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,808,479 |
| Capital Gain Net Income | $2,808,479 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,750 |
| Total Revenue | $4,027,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $230,964 |
| Other employee salaries and wages | $189,757 |
| Pension plans, employee benefits | $99,614 |
| Interest | $0 |
| Taxes | $69,292 |
| Depreciation | $987 |
| Occupancy | $7,500 |
| Travel, conferences, and meetings | $10,689 |
| Printing and publications | $3,814 |
| Other expenses | $47,613 |
| Total operating and administrative expenses | $987,440 |
| Contributions, gifts, grants paid | $2,163,274 |
| Total expenses and disbursements | $3,150,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $860,161 |
| 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 | $14,180 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,453,403 |
| Net Land, buildings, and equipment | $4,577 |
| Other assets | $392,627 |
| Total assets | $64,118,835 |
| Accounts payable and accrued expenses | $22,395 |
| Grants payable | $1,342,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,364,895 |
Grants Awarded
Over the last fiscal year, Healthcare Foundation Of Northern Lake County has awarded $3,872,362 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
Round Lake, IL PURPOSE: HEALTHCARE | $207,500 |
Waukegan, IL PURPOSE: HEALTHCARE | $185,000 |
Waukegan, IL PURPOSE: HEALTHCARE | $185,000 |
Waukegan, IL PURPOSE: HEALTHCARE | $144,092 |
Chicago, IL PURPOSE: HEALTHCARE | $143,750 |
COLLEGE OF LAKE COUNTY PURPOSE: HEALTHCARE | $142,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Saul Zaentz Charitable Foundation Glenview, IL | $31,204,978 | $8,995,660 |
The John And Kathleen Schreiber Foundation Lake Forest, IL | $89,899,268 | $85,376,815 |