Swedishamerican Foundation
- Assets
- $22.6m
- Revenue
- $1.5m
- Investments
- $14.9m
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 03/1981
- Data as of
- 06/2021
- EIN
- 36-3097493
Organization Overview
Swedishamerican Foundation is located in Rockford, IL. The organization was established in 1981. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Swedishamerican Foundation 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 06/2021, Swedishamerican Foundation generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Swedishamerican Foundation has awarded 52 individual grants totaling $11,095,129. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SWEDISHAMERICAN FOUNDATION SUPPORTS SWEDISHAMERICAN HOSPITAL THROUGH FUNDRAISING EFFORTS WHICH PROVIDE IMPROVEMENTS AND SERVICES TO THE SURROUNDING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWEDISHAMERICAN FOUNDATION (SAF) SUPPORTS SWEDISHAMERICAN HOSPITAL, A 501(C)(3) ORGANIZATION IN ITS MISSION TO PROVIDE QUALITY MEDICAL HEALTHCARE TO COMMUNITIES IN NORTHERN ILLINOIS AND SOUTHERN WISCONSIN REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. DURING THE CURRENT YEAR, SAF PROVIDED FUNDING GRANTS TO SPECIALIZED DEPARTMENTS WHICH HELPED ENHANCE PATIENT CARE AND PATIENT-VISITOR COMFORT.IN 1918 SWEDISHAMERICAN HOSPITAL OPENED ITS DOORS TO PATIENTS IN RESPONSE TO THE CITY'S NEED FOR HEALTHCARE SERVICES. FAST FORWARD 100 YEARS AND WE ARE AGAIN CONTINUING OUR COMMITMENT TO OUR COMMUNITY BY EMBARKING ON ONE OF THE LARGEST BUILDING PROJECTS TO DATE. SWEDISHAMERICAN HOSPITAL IS NEARING COMPLETION OF A $126 MILLION INVESTMENT IN OUR COMMUNITY. THIS MAJOR CONSTRUCTION, MODERNIZATION AND EXPANSION PROJECT WILL HELP US CONTINUE TO PROVIDE THE OUTSTANDING, TOP-QUALITY HEALTHCARE WHICH RESIDENTS OF ROCKFORD AND ITS SURROUNDING COMMUNITIES EXPECT AND DESERVE. WE RECOGNIZE THAT IMPROVING THE HEALTH OF OUR COMMUNITY MEANS INVESTING IN OUR COMMUNITY. TO FINANCIALLY SUPPORT THE HISTORIC EXPANSION SA FOUNDATION EMBARKED ON A MULTI- MILLION DOLLAR CAPITAL CAMPAIGN. THE FOCUS OF THE CAMPAIGN WAS TO ACT AS A CATALYST TO GROW A CULTURE OF PHILANTHROPY THROUGHOUT THE HEALTH SYSTEM THROUGH BOARD, LEADERSHIP, PROVIDER AND EMPLOYEE GIFTS.SWEDISHAMERICAN FOUNDATION PROVIDED A GRANT OF $328,000 TOWARD SA HOSPITAL ONGOING CAPITAL EXPANSION PLAN WHICH INCLUDED AN ONSITE SPECIALIZED WOMEN'S AND CHILDREN'S CLINIC WHICH OFFERS AN INTEGRATED, HOLISTIC, COORDINATED APPROACH TO PRIMARY CARE, WOMEN'S HEALTH SERVICES AND MENTAL HEALTH.
DURING FISCAL YEAR 2021, SWEDISHAMERICAN FOUNDATION PROVIDED $64,000 IN GRANTS AND $18,300 IN SPONSORSHIPS TO COMMUNITY ORGANIZATIONS WHOSE VISION AND MISSION CLOSELY MIRROR THOSE OF SWEDISHAMERICAN HOSPITAL AND SWEDISHAMERICAN FOUNDATION.
DURING FISCAL YEAR 2021, SWEDISHAMERICAN FOUNDATION PROVIDED $187,439 IN GRANTS TO THE CHAPLAINCY PROGRAM. SWEDISHAMERICAN HOSPITAL'S CLINICALLY TRAINED STAFF CHAPLAINS COMPASSIONATELY AND RESPECTFULLY ASSIST PATIENTS AND THEIR FAMILIES DURING SOME OF LIFE'S MOST DIFFICULT MOMENTS. CHAPLAINS ROUND DAILY, HELP WITH ADVANCE DIRECTIVES, TAKE PART IN PATIENT CARE CONSULTS AND DO MUCH, MUCH MORE. THE CHAPLAINCY ENDOWMENT FUND HELPS INSURE THERE ALWAYS WILL BE PASTORAL CARE AT SWEDISHAMERICAN BY UNDERWRITING THE COST OF PROVIDING PROFESSIONAL CHAPLAIN STAFF 24 HOURS A DAY, SEVEN DAYS A WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Maher Interim Pres. & CEO (until 10/29/20) | OfficerTrustee | 2 | $0 |
Thomas O'connor President & CEO (as Of 11/1/20) | OfficerTrustee | 2 | $0 |
Jeffrey Kaney Sr Chairman Of The Board (as Of 7/1/20) | OfficerTrustee | 2 | $0 |
Eric Fulcomer PHD 2nd Vice Chairman/asst. Secretary | OfficerTrustee | 2 | $0 |
Daniel T Ross 1st Vice Chairman/secretary | OfficerTrustee | 2 | $0 |
William C Roop Immediate Past Chairman Of The Board | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,709 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $965,006 |
| Noncash contributions included in lines 1a–1f | $12,951 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,019,715 |
| Total Program Service Revenue | $0 |
| Investment income | $544,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$37,389 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,077 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,521,506 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,713,483 |
| 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. | $198,423 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,910 |
| Payroll taxes | $28,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $42,168 |
| Fees for services: Investment Management | $30,410 |
| Fees for services: Other | $65,261 |
| Advertising and promotion | $81,313 |
| Office expenses | $18,213 |
| Information technology | $18,302 |
| Royalties | $0 |
| Occupancy | $64,514 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,902 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,529 |
| Insurance | $97 |
| All other expenses | $35,222 |
| Total functional expenses | $2,626,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $89,241 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $192,211 |
| Net Land, buildings, and equipment | $1,850,627 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,908,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,529,513 |
| Total assets | $22,583,775 |
| Accounts payable and accrued expenses | $258,001 |
| 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 | $1,393,121 |
| Total liabilities | $1,651,122 |
| Net assets without donor restrictions | $12,124,645 |
| Net assets with donor restrictions | $8,808,008 |
| 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 | $22,583,775 |
Grants Awarded
Over the last fiscal year, Swedishamerican Foundation has awarded $1,713,483 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Rockford, IL PURPOSE: Provide funding for capital expansion projects; funding to hospital departments for patient care and well-being; reimburse chaplaincy wages | $1,649,483 |
Rockford, IL PURPOSE: Counseling for children affected by social isolation due to COVID | $17,735 |
Rockford, IL PURPOSE: Reading programs for at risk children ages 6-12 | $15,000 |
Americus, GA PURPOSE: Skills training for high school students through construction of Habitat home | $10,000 |
Rockford, IL PURPOSE: Provide nutritional lessons, healthy snacks and one hot meal per week during program activities | $10,000 |
Rockford, IL PURPOSE: Improving the social and emotional well-being of school age kids through physical activity and strength training | $6,265 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Swedishamerican Foundation has recieved totaling $278,639.
| Awarding Organization | Amount |
|---|---|
Florence C Gregory Charitable Trust Pnf Chicago, IL PURPOSE: PROGRAM SUPPORT | $192,879 |
Charles & Marie Von Weise Charitable Trust Chicago, IL PURPOSE: PROGRAM SUPPORT | $26,134 |
Ida Brechtel Chrtbl Tr Ua Chicago, IL PURPOSE: PROGRAM SUPPORT | $21,498 |
William S Howard Charitable Trust Rockford, IL PURPOSE: TO SUPPORT THE "HELP ME PLAY" PROGRAM PROVIDING DISADVANTAGED CHILDREN ACCESS TO SPORTS PROGRAMS AT LITTLE OR NO COST. | $20,870 |
The Bergstrom Inc Charitable Foundation Chicago, IL PURPOSE: GENERAL | $10,000 |
William M Miller Tw Jet-436037006 Chicago, IL PURPOSE: PROGRAM SUPPORT | $3,558 |
Endowment Analysis
| Beg. Balance | $6,911,513 |
| Earnings | $946,640 |
| Net Contributions | $8,944 |
| Other Expense | $11,955 |
| Ending Balance | $7,855,142 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Hoosier Cancer Research Network Inc Indianapolis, IN | $13,291,653 | $12,660,733 |
Health & Welfare Fund Of Cedar Rapids Iowa V A Local 125 Cedar Rapids, IA | $31,419,781 | $18,589,909 |