Norwood Life Care Foundation
- Assets
- $22.2m
- Revenue
- $1.1m
- Investments
- $34.9k
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 10/1988
- Data as of
- 12/2021
- EIN
- 36-3558526
Organization Overview
Norwood Life Care Foundation is located in Chicago, IL. The organization was established in 1988. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Norwood Life Care Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwood Life Care 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 12/2021, Norwood Life Care Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $312.6k 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
THE PURPOSE OF THE NORWOOD LIFE CARE FOUNDATION IS TO MANAGE FUNDRAISING AND INVESTMENTS FOR RELATED NOT FOR PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORWOOD LIFE CARE FOUNDATION CONDUCTED FUNDRAISING ACTIVITIES TO SUPPORT PROGRAMS AT ITS RELATED NOT FOR PROFIT ENTITIES.THE PROGRAMS SUPPORTED INCLUDE: SPIRITUAL SERVICES, PURCHASE OF EQUIPMENT FOR PROGRAM ACTIVITIES, AND THE NORWOOD PARK SATELLITE SENIORS CENTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Peterson Chairperson | OfficerTrustee | 1 | $0 |
George Silca Secretary/treasurer | OfficerTrustee | 1 | $0 |
Timothy Kelly Vice Chairperson | OfficerTrustee | 1 | $0 |
Richard Steffens CFO | Officer | 4 | $0 |
Silvia Morici COO | Officer | 4 | $0 |
Michael Toohey CEO | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,864 |
| Related organizations | $0 |
| Government grants | $41,916 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,280 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,060 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $352,840 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $286,313 |
| Net Income from Fundraising Events | -$4,855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $150,311 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,060,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,843 |
| Pension plan accruals and contributions | $5,052 |
| Other employee benefits | $10,505 |
| Payroll taxes | $10,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,079 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,218 |
| Fees for services: Other | $6,601 |
| Advertising and promotion | $3,083 |
| Office expenses | $5,714 |
| Information technology | $6,619 |
| Royalties | $0 |
| Occupancy | $11,359 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94 |
| Interest | $398 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,832 |
| Insurance | $5,378 |
| All other expenses | $11,771 |
| Total functional expenses | $312,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,126 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $648 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,465,324 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,178 |
| Net Land, buildings, and equipment | $10,039 |
| Investments—publicly traded securities | $4,834,649 |
| Investments—other securities | $34,887 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,646,861 |
| Total assets | $22,162,712 |
| Accounts payable and accrued expenses | $15,304 |
| 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 | $141,916 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,378 |
| Total liabilities | $193,598 |
| Net assets without donor restrictions | $21,969,114 |
| 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 | $22,162,712 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sinai Health System Chicago, IL | $281,453,478 | $93,419,606 |
The Foundation For Barnes-Jewish Hospital St Louis, MO | $993,230,579 | $106,273,508 |
Deaconess Health System Inc Evansville, IN | $144,110,992 | $33,405,417 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
Freeport Regional Health Care Found Ation Freeport, IL | $44,647,544 | $45,400,897 |
Ann & Robert H Lurie Childrens Hospital Of Chicago Foundation Chicago, IL | $630,869 | $58,277,786 |
Ascension Medical Group Genesys St Louis, MO | $56,901,611 | $50,467,195 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
St Louis Childrens Hospital Foundation St Louis, MO | $519,869,527 | $109,928,853 |
Midwest Medical Center Galena, IL | $42,348,172 | $34,873,960 |