Michael Reese Health Trust
- Assets
- $159.0m
- Revenue
- $20.7m
- Investments
- $147.8m
- Employees
- 0
- Location
- Elgin, IL
- Founding
- 10/1997
- Data as of
- 06/2022
- EIN
- 36-2170910
Organization Overview
Michael Reese Health Trust is located in Elgin, IL. The organization was established in 1997. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Reese Health Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Michael Reese Health Trust has awarded 203 individual grants totaling $15,705,840. 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 |
|---|---|---|---|
Walter R Nathan Chairman, Director | 5 | $0 | |
Mally Z Rutkoff Executive Vice Chair, Director | 2 | $0 | |
Gayla A Brockman President & CEO | 40 | $324,168 | |
Laurie Hochberg MD Secretary, Director | 1 | $0 | |
Gregory C Mayer Treasurer, Director | 1 | $0 | |
Harvey J Barnett Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,142,796 |
| Interest on Savings | $1,745 |
| Dividends & Interest | $136,219 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,522,717 |
| Capital Gain Net Income | $10,199,654 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $908,347 |
| Total Revenue | $20,711,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $324,168 |
| Other employee salaries and wages | $1,074,702 |
| Pension plans, employee benefits | $531,550 |
| Interest | $0 |
| Taxes | $276,028 |
| Depreciation | $2,668 |
| Occupancy | $3,934 |
| Travel, conferences, and meetings | $51,893 |
| Printing and publications | $23,894 |
| Other expenses | $819,876 |
| Total operating and administrative expenses | $3,465,699 |
| Contributions, gifts, grants paid | $12,502,737 |
| Total expenses and disbursements | $15,968,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,208,069 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $200,000 |
| 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 | $34,705 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $147,844,628 |
| Net Land, buildings, and equipment | $2,214 |
| Other assets | $4,676,801 |
| Total assets | $158,966,417 |
| Accounts payable and accrued expenses | $214,470 |
| Grants payable | $3,891,191 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $402,067 |
| Total liabilities | $4,507,728 |
Grants Awarded
Over the last fiscal year, Michael Reese Health Trust has awarded $15,705,840 in support to 203 organizations.
| Grant Recipient | Amount |
|---|---|
ACCLIVUS INC PURPOSE: CHICAGO VIOLENT TRAUMA HOSPITAL RESPONSE | $651,974 |
ADVOCATE CHARITABLE FOUNDATION PURPOSE: ADVOCATE YOUTH WORKFORCE EXPANSION | $21,718 |
A BEAUTIFUL SURPRISE FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
ACCESS COMMUNITY HEALTH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
AGEOPTIONS PURPOSE: AVISERY BY AGEOPTIONS | $20,000 |
AIDS FOUNDATION OF CHICAGO PURPOSE: ADVOCACY TO PROTECT HEALTH CARE ACCESS | $35,000 |