Healthcare Foundation Of Northern Lake County
- Assets
- $60.7m
- Revenue
- $3.5m
- Investments
- $58.3m
- Employees
- 0
- Location
- Grayslake, IL
- Founding
- 09/2007
- Data as of
- 05/2023
- 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 05/2023, Healthcare Foundation Of Northern Lake County generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $3.5m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Healthcare Foundation Of Northern Lake County has awarded 216 individual grants totaling $11,558,095. 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 |
|---|---|---|---|
Frances Baxley MD Chair/director | 5 | $0 | |
Laura Ramirez Ba Vice Chair/director | 5 | $0 | |
Dave Hatton CFP Treasurer/director | 5 | $0 | |
Casandra Slade Secretary/director | 5 | $0 | |
Magdalena Mcelroy RN Lcsw Director | 1 | $0 | |
Carol Sonnenschein MA PHD Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leading Healthy Futures | 5/30/22 | $55,600 |
Kittleman & Assoc Llc | 5/30/22 | $73,964 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,530,566 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,957,131 |
| Capital Gain Net Income | $1,957,131 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,449 |
| Total Revenue | $3,504,146 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $224,400 |
| Other employee salaries and wages | $195,551 |
| Pension plans, employee benefits | $103,004 |
| Interest | $0 |
| Taxes | $67,490 |
| Depreciation | $1,230 |
| Occupancy | $9,203 |
| Travel, conferences, and meetings | $7,806 |
| Printing and publications | $1,475 |
| Other expenses | $47,123 |
| Total operating and administrative expenses | $800,996 |
| Contributions, gifts, grants paid | $2,653,483 |
| Total expenses and disbursements | $3,454,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,969,187 |
| 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 | $6,640 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,740,685 |
| Net Land, buildings, and equipment | $3,347 |
| Other assets | $404,192 |
| Total assets | $60,664,628 |
| Accounts payable and accrued expenses | $15,504 |
| Grants payable | $1,674,833 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,181 |
| Total liabilities | $1,694,518 |
Grants Awarded
Over the last fiscal year, Healthcare Foundation Of Northern Lake County has awarded $3,995,983 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATE CHARITABLE FOUNDATION PURPOSE: HEALTHCARE | $18,000 |
ALLENDALE ASSOCIATION INC PURPOSE: HEALTHCARE | $7,500 |
ANTIOCH AREA HEALTH ACCESS ALLIANCE PURPOSE: HEALTHCARE | $10,000 |
ASCEND JUSTICE PURPOSE: HEALTHCARE | $20,000 |
CANCER WELLNESS CENTER PURPOSE: HEALTHCARE | $5,000 |
ARDEN SHORE CHILD AND FAMILY SERVICE PURPOSE: HEALTHCARE | $148,081 |