Foundation For Human Development
- Assets
- $20.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1972
- Data as of
- 03/2022
- EIN
- 23-7177683
Organization Overview
Foundation For Human Development is located in Chicago, IL. The organization was established in 1972. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, 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. Foundation For Human Development 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 03/2022, Foundation For Human Development generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $832.6k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION RECEIVES AND MAINTAINS FUNDS, OF REAL OR PERSONAL PROPERTY, AND TO USE AND APPLY THE WHOLE OF THE INCOME THERE FROM AND THE PRINCIPAL THEREOF, EXCLUSIVELY TO PROMOTE THE GENERAL WELFARE OF PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES; TO FOSTER THE DEVELOPMENT OF PROGRAMS IN THEIR BEHALF; TO ENCOURAGE RESEARCH RELATED TO DEVELOPMENTAL DISABILITIES; TO ADVISE AND AID PARENTS IN THE SOLUTION OF THEIR PROBLEMS AND TO COORDINATE THEIR EFFORTS AND ACTIVITIES; TO DEVELOP A BETTER UNDERSTANDING OF THE PROBLEMS OF INTELLECTUAL AND DEVELOPMENTAL DISABILITIES BY THE PUBLIC; TO COOPERATE WITH PUBLIC, PRIVATE, AND RELIGIOUS AGENCIES AND PROFESSIONAL GROUPS IN THE FURTHERANCE OF THESE ENDS; TO ASSOCIATE WITH AND SUPPORT FINANCIALLY THE STATE AND NATIONAL ASSOCIATIONS; TO PROMOTE THE COMMON CAUSE; TO SERVE LOCALLY AS A CLEARINGHOUSE FOR GATHERING AND GIVING OUT INFORMATION REGARDING THE PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE GENERAL WELFARE OF PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES; TO FOSTER THE DEVELOPMENT OF PROGRAMS IN THEIR BEHALF; TO ENCOURAGE RESEARCH RELATED TO DEVELOPMENTAL DISABILITIES; TO ADVISE AND AID PARENTS IN THE SOLUTION OF THEIR PROBLEMS AND TO COORDINATE THEIR EFFORTS AND ACTIVITIES; TO DEVELOP A BETTER UNDERSTANDING OF THE PROBLEMS OF INTELLECTUAL AND DEVELOPMENTAL DISABILITIES BY THE PUBLIC; TO COOPERATE WITH PUBLIC, PRIVATE, AND RELIGIOUS AGENCIES AND PROFESSIONAL GROUPS IN THE FURTHERANCE OF THESE ENDS; TO ASSOCIATE WITH AND SUPPORT FINANCIALLY THE STATE AND NATIONAL ASSOCIATIONS; TO PROMOTE THE COMMON CAUSE; TO SERVE LOCALLY AS A CLEARINGHOUSE FOR GATHERING AND GIVING OUT INFORMATION REGARDING THE PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Macrae Treasurer, Former CEO | OfficerTrustee | 1 | $41,225 |
Carl La Mell CEO | Officer | 25 | $29,000 |
Raymond Scannell President | OfficerTrustee | 1 | $0 |
Maureen Collins Vice President | OfficerTrustee | 1 | $0 |
Joseph Monahan Secretary | OfficerTrustee | 1 | $0 |
Christopher Mullen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $702,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $645,763 |
| Net Gain/Loss on Asset Sales | $1,863,632 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,212,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $570,496 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,000 |
| Compensation of current officers, directors, key employees. | $56,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $134,281 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,537 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,595 |
| Insurance | $5,159 |
| All other expenses | $8,292 |
| Total functional expenses | $832,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,796,371 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,514 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $654,066 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,735,681 |
| Investments—publicly traded securities | $15,342,541 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,546,173 |
| Accounts payable and accrued expenses | $540,723 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,627 |
| Total liabilities | $587,350 |
| Net assets without donor restrictions | $19,958,823 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,546,173 |
Grants Awarded
Over the last fiscal year, Foundation For Human Development has awarded $570,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: FUNDING TO ASSIST WITH DIVERSIFICATION OF DAY PROGRAMS, ANNUAL GIVING MATCH. | $510,000 |
Chicago, IL PURPOSE: TO ASSIST YOUTH WITH DEVELOPMENTAL DISABILITIES. | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Hospice & Palliative Medicine Inc Chicago, IL | $11,447,718 | $10,636,377 |
Cleveland Avenue Foundation For Education Chicago, IL | $2,872,362 | $5,741,175 |
Missouri Child Care Resource And Referral Network St Louis, MO | $7,597,183 | $3,094,890 |
Howard County Child Care Association Cresco, IA | $1,246,015 | $1,482,899 |
Foundation For Human Development Chicago, IL | $20,546,173 | $3,212,060 |
Financial Planning Association Waunakee, WI | $96,625 | $0 |
Financial Planning Association Oak Forest, IL | $39,417 | $123,156 |
Financial Planning Association Indianapolis, IN | $62,356 | $0 |
Board Of Oncology Social Work Cerfification Carmel, IN | $135,104 | $0 |
Fraternal Order Of Police Monmouth, IL | $21,308 | $0 |
Kirkoland Inc De Pere, WI | $22,300 | $0 |