Foundation Of The American College Of Healthcare Executives
- Assets
- $93.5m
- Revenue
- $29.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1944
- Data as of
- 12/2021
- EIN
- 36-0724325
Organization Overview
Foundation Of The American College Of Healthcare Executives, operating under the name Foundation of ACHE, is located in Chicago, IL. The organization was established in 1944. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation of ACHE 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 12/2021, Foundation of ACHE generated $29.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $11.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCT RESEARCH ACTIVITIES AND PROVIDE CONTINUING EDUCATION OPPORTUNITIES THROUGH SEMINARS, WORKSHOPS, CONFERENCES, AND PUBLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SEMINARS, CONFERENCES, AND DISTANCE LEARNING PROGRAMS PROVIDE SPECIAL OPPORTUNITIES FOR HEALTHCARE EXECUTIVES TO LEARN FROM COLLEAGUES AT NATIONAL AND REGIONAL EVENTS. THE PROGRAMS FEATURE SPEAKERS WHO ADDRESS A BROAD SPECTRUM OF HEALTHCARE MANAGEMENT AND EXECUTIVE LEADERSHIP TOPICS.
PUBLICATION OF EDUCATIONAL BOOKS AND JOURNALS - HEALTH ADMINISTRATION PRESS (HAP), THE PUBLISHING DEPARTMENT OF ACHE, PUBLISHES MANAGEMENT BOOKS, TEXTBOOKS USED IN HEALTHCARE ADMINISTRATION PROGRAMS AT UNIVERSITIES, AND JOURNALS, INCLUDING FRONTIERS OF HEALTH SERVICES MANAGEMENT AND THE JOURNAL OF HEALTHCARE MANAGEMENT. HAP ALSO OFFERS SELF-STUDY COURSES.
THE DEPARTMENT OF RESEARCH CONDUCTS RESEARCH IN MULTIPLE HEALTHCARE MANAGEMENT AREAS, INCLUDING CAREER ATTAINMENTS OF HEALTHCARE EXECUTIVES AND TRENDS AFFECTING THE PROFESSION. STUDIES ARE DONE THROUGH A VARIETY OF FORMATS SUCH AS SURVEYS AND ANNUAL REPORTS THAT EXPLORE CURRENT AND FUTURE ISSUES CONFRONTING HOSPITAL CEOS AND THE EXTENT OF THE HOSPITAL CEO TURNOVER AMONG OTHER TOPICS. THE FOUNDATION CONDUCTS RESEARCH USING INTERVIEWS, SURVEYS, AND FOCUS GROUPS OF HEALTHCARE EXECUTIVES.
THE THOMAS C. DOLAN EXECUTIVE DIVERSITY PROGRAM (EDP) IS DESIGNED TO ENHANCE DIVERSITY AND INCLUSION IN SENIOR HEALTHCARE LEADERSHIP. THE PROGRAM PREPARES SENIOR-LEVEL CAREERISTS FROM UNDERREPRESENTED GROUPS TO ASCEND TO AND ADVANCE IN THE C-SUITE OF HOSPITALS, HEALTH SYSTEMS AND OTHER HEALTHCARE ORGANIZATIONS. THE FOUNDATION GRANTED A COMBINED TOTAL OF 15 ALBERT W. DENT AND FOSTER G. MCGAW GRADUATE STUDENT SCHOLARSHIPS TO STUDENTS IN THE FINAL YEAR OF A FULL-TIME HEALTHCARE MANAGEMENT GRADUATE PROGRAM. THE FOUNDATION ALSO SPONSORED THE ANNUAL RICHARD J. STULL STUDENT ESSAY COMPETITION IN HEALTHCARE MANAGEMENT WITH AWARDS GOING TO THE THREE GRADUATE AND THREE UNDERGRADUATE STUDENTS WHOSE ESSAYS ARE JUDGED THE WINNING ENTRIES. THE ACADEMIC PROGRAM FOR EACH OF THE 1ST PLACE WINNERS ALSO RECEIVES AN AWARD. THE PURPOSE OF THE COMPETITION IS TO STIMULATE AND DEMONSTRATE THE ABILITY OF FUTURE HEALTHCARE EXECUTIVES TO IDENTIFY AND DESCRIBE IMPORTANT ISSUES AND DEVELOPMENTS IN THEIR CHOSEN PROFESSION. THE FOUNDATION ALSO SPONSORS THE ROBERT S. HUDGENS MEMORIAL AWARD FOR YOUNG HEALTHCARE EXECUTIVE OF THE YEAR AND THE JAMES A. HAMILTON AWARD FOR BOOK OF THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Owen Plietz Fache Chairman Elect/governor | OfficerTrustee | 1 | $0 |
Anthony A Armada Fache Chairman Elect, Governor | OfficerTrustee | 1 | $0 |
Michael J Fosina Fache Immediate Past Chairman/chairman | OfficerTrustee | 1 | $0 |
Deborah J Bowen Fache President And CEO | Officer | 20 | $0 |
Joseph W Cruitt CPA Cgma Senior Vp, Chief Admin/fin Officer | Officer | 20 | $0 |
David N Bartholomew Senior Vp, Learning | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leading Authorities Inc Honoraria For Guest Speakers | 12/30/21 | $308,200 |
Independent Publishers Group Order Fulfillment And Warehousing | 12/30/21 | $888,212 |
Trustees Of Columbia University Exec. Education Design And Dev. | 12/30/21 | $108,500 |
Wolters Kluwer Health Inc Magazine Subscription Services | 12/30/21 | $319,557 |
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 | $202,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,404 |
| Total Program Service Revenue | $6,645,365 |
| Investment income | $1,116,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $182,322 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,446,868 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,337,255 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,930,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $90,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $502,579 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,983,731 |
| Pension plan accruals and contributions | $133,200 |
| Other employee benefits | $147,955 |
| Payroll taxes | $168,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,679 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $176,881 |
| Fees for services: Other | $688,338 |
| Advertising and promotion | $279,696 |
| Office expenses | $295,275 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $836,381 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $28,083 |
| All other expenses | $22,890 |
| Total functional expenses | $11,238,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,082,857 |
| Pledges and grants receivable | $61,584 |
| Accounts receivable, net | $1,621,327 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $308,651 |
| Prepaid expenses and deferred charges | $238,435 |
| Net Land, buildings, and equipment | $69,646 |
| Investments—publicly traded securities | $75,591,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,000 |
| Other assets | $6,483,135 |
| Total assets | $93,480,001 |
| Accounts payable and accrued expenses | $1,368,754 |
| Grants payable | $0 |
| Deferred revenue | $1,157,669 |
| 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 | $0 |
| Total liabilities | $2,526,423 |
| Net assets without donor restrictions | $81,914,601 |
| Net assets with donor restrictions | $9,038,977 |
| 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 | $93,480,001 |
Grants Awarded
Over the last fiscal year, Foundation Of The American College Of Healthcare Executives has awarded $16,334 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: Research Support | $8,334 |
Research Triangle Park, NC PURPOSE: Healthcare Management Education Award | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Foundation Of The American College Of Healthcare Executives has recieved totaling $18,298.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $8,250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $48 |
Endowment Analysis
| Beg. Balance | $4,041,295 |
| Earnings | $559,739 |
| Other Expense | $22,040 |
| Grants | $36,245 |
| Ending Balance | $4,542,749 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education At Work Inc Indianapolis, IN | $7,418,747 | $27,265,167 |
St Coletta Of Wisconsin Inc Jefferson, WI | $22,544,522 | $20,338,471 |
Emergency Nurses Association Schaumburg, IL | $34,613,350 | $21,573,777 |
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Eleven Fifty Academy Inc Indianapolis, IN | $2,885,301 | $14,569,317 |
Foundation Of The American College Of Healthcare Executives Chicago, IL | $93,480,001 | $29,930,754 |
Network Of Executive Women Inc Chicago, IL | $6,845,772 | $11,079,191 |
Accreditation Council For Continuing Medical Education Chicago, IL | $14,011,011 | $9,679,361 |
Council For Adult And Experiental Learning Indianapolis, IN | $4,495,606 | $4,303,081 |
American School Of Correspondence Lansing, IL | $11,965,469 | $5,386,399 |
Society For Academic Emergency Medicine Des Plaines, IL | $10,341,301 | $6,329,618 |
Helen Miller-Seiu Member Education And Training Center Chicago, IL | $1,177,324 | $3,731,145 |