Vermilion Healthcare Foundation Inc
- Assets
- $11.3m
- Revenue
- $1.0m
- Investments
- $11.2m
- Employees
- 0
- Location
- Danville, IL
- Founding
- 03/1989
- Data as of
- 09/2023
- EIN
- 37-1225688
Organization Overview
Vermilion Healthcare Foundation Inc is located in Danville, IL. The organization was established in 1989. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermilion Healthcare Foundation Inc 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 09/2023, Vermilion Healthcare Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $760.6k during the year ending 09/2023. While expenses have increased by 8.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vermilion Healthcare Foundation Inc has awarded 97 individual grants totaling $4,086,604. 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 |
|---|---|---|---|
Amy Hoose Director | 0.25 | $0 | |
Chuck Kasper Director | 0.25 | $0 | |
Curtis D Towne Director | 0.25 | $0 | |
Curtis Girouard Vice Chair | 0.25 | $0 | |
David Bateman Secretary/treasurer | 0.25 | $0 | |
David George Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $266,578 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $778,890 |
| Capital Gain Net Income | $778,890 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,045,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $6,445 |
| Pension plans, employee benefits | $493 |
| Interest | $0 |
| Taxes | $13,885 |
| Depreciation | $0 |
| Occupancy | $4,001 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,123 |
| Total operating and administrative expenses | $88,077 |
| Contributions, gifts, grants paid | $672,536 |
| Total expenses and disbursements | $760,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,079 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,142,628 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $44,050 |
| Total assets | $11,266,200 |
| Accounts payable and accrued expenses | $6,652 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,652 |
Grants Awarded
Over the last fiscal year, Vermilion Healthcare Foundation Inc has awarded $672,536 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
WORKSOURCE ENTERPRISES PURPOSE: BUS SHELTER PROJECT | $8,850 |
THE SALVATION ARMY OF DANVILLE ILVERM CO PURPOSE: FOOD PANTRY | $10,000 |
VERMILION COUNTY TRAIL ALLIANCE PURPOSE: DESIGN AND CONSTRUCTION OF PHASE 1 OF THE HARRISON PARK TRAIL | $30,000 |
PEER COURT INC PURPOSE: OPERATING EXPENSES | $10,000 |
GATEWAY FAMILY SERVICES PURPOSE: HORSES HELPING VETERANS | $10,000 |
FAIR HOPE CHILDREN'S MINISTRY PURPOSE: INVENTORY FOR CHILDREN'S NEEDS | $15,000 |