Healthcare Information & Management Systems Society Foundation
- Assets
- $851.6k
- Revenue
- $89.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1996
- Data as of
- 12/2020
- EIN
- 36-4008359
Organization Overview
Healthcare Information & Management Systems Society Foundation is located in Chicago, IL. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Healthcare Information & Management Systems Society 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 12/2020, Healthcare Information & Management Systems Society Foundation generated $89.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $20.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (25.9%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT PROGRAMS AND ACTIVITIES IN THE AREAS OF HEALTHCARE AND INFORMATION MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS, SUCH AS THE INSTITUTE FOR E-HEALTH POLICY. THE INSTITUTE FOR E-HEALTH POLICY PROVIDES RESEARCH AND EDUCATIONAL OPPORTUNITIES FOR PUBLIC AND PRIVATE SECTOR STAKEHOLDERS, TWO KEY CONSTITUENTS, WHO MAKE AND ARE MOST DIRECTLY IMPACTED BY E-HEALTH POLICY DECISIONS. THE NATIONAL EHEALTH COLLABORATIVE (NEHC), AN ILLINOIS NONPROFIT ORGANIZATION, WAS MERGED INTO THE FOUNDATION. NEHC'S FOCUS IS ENCOURAGING HEALTH INFORMATION EXCHANGE AND LEVERAGING AN EDUCATIONAL PLATFORM. IN SEPTEMBER 2014, THE FOUNDATION ACQUIRED THE TECHNOLOGY INFORMATICS GUIDING EDUCATION REFORM (TIGER), WITH INITIATIVES ON FOCUSING ON ADVANCING THE INTEGRATION OF HEALTH INFORMATICS TO TRANSFORM EDUCATION AND PRACTICE. IN SEPTEMBER 2016, THE FOUNDATION AND TIGER WERE AWARDED FUNDING FROM THE EUROPEAN COMMISSION'S HORIZON 2020 RESEARCH AND INNOVATION GRANT PROGRAM TO ADDRESS THE NEED, DEVELOPMENT AND DEPLOYMENT OF WORKFORCE IT SKILLS, COMPETENCIES AND TRAINING PROGRAMS FOR TRAINED EHEALTH ACTORS IN THE EUROPEAN UNION, UNITED STATES AND AROUND THE GLOBE.
HIMSS FOUNDATION HAS A SCHOLARSHIP PROGRAM FOR STUDENTS IN VARIOUS AREAS OF HEALTHCARE IT RELATED FIELDS. THE HIMSS FOUNDATION ANNUALLY AWARDS SCHOLARSHIPS TO STUDENTS WHO HAVE ACHIEVED ACADEMIC EXCELLENCE AND HAVE THE POTENTIAL TO BE FUTURE LEADERS IN THE HEALTHCARE INFORMATION AND MANAGEMENT SYSTEMS INDUSTRY. SINCE THE EARLY 1990S, MORE THAN $350,000 IN SCHOLARSHIPS HAVE BEEN AWARDED TO THOSE STUDENTS EXEMPLIFYING THE MISSION OF PROVIDING GLOBAL LEADERSHIP FOR THE OPTIMAL USE OF INFORMATION (IT) AND MANAGEMENT SYSTEMS FOR THE BETTERMENT OF HEALTHCARE. THESE SCHOLARSHIPS ARE AWARDED ACCORDING TO MERIT, FINANCIAL NEED, AND OTHER FACTORS AND ARE AWARDED TO STUDENTS WHO MEET THE CRITERIA WHICH INCLUDE: LEADERSHIP, DEMONSTRATED ACADEMIC EXCELLENCE, AND HIMSS PARTICIPATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Ross MBA Shimss Chair | OfficerTrustee | 1 | $0 |
Henning Schneider Vice Chair | OfficerTrustee | 1 | $0 |
Harold Wolf III CEO & President | Officer | 1 | $0 |
Gavin Farry SVP Operations & CFO | Officer | 1 | $0 |
Thomas Leary Executive Director | Officer | 40 | $0 |
Larry Leisure Director | Trustee | 0.5 | $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 | $46,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,283 |
| Total Program Service Revenue | $0 |
| Investment income | $16,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $275 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,044 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,762 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,143 |
| Fees for services: Other | $3,992 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,899 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $784,672 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $851,571 |
| Accounts payable and accrued expenses | $0 |
| 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 | $195,505 |
| Total liabilities | $195,505 |
| Net assets without donor restrictions | $258,823 |
| Net assets with donor restrictions | $397,243 |
| 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 | $851,571 |
Endowment Analysis
| Beg. Balance | $310,111 |
| Earnings | $20,693 |
| Ending Balance | $330,804 |
Peer Organizations
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|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
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Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Foundation For The Realization Of Human Potential Nfp Chicago, IL | $6,540,045 | $5,725,099 |