Hillsboro Area Health Foundation
- Assets
- $1.9m
- Revenue
- $81.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Hillsboro, IL
- Founding
- 05/1990
- Data as of
- 06/2022
- EIN
- 37-1247796
Organization Overview
Hillsboro Area Health Foundation is located in Hillsboro, IL. The organization was established in 1990. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Hillsboro Area Health 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 06/2022, Hillsboro Area Health Foundation generated $81.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $20.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (22.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING TO SUPPORT THE OPERATIONS OF HILLSBORO AREA HOSPITAL, INC. AND HILLSBORO AREA HEALTH SERVICES, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING TO SUPPORT THE OPERATIONS OF HILLSBORO AREA HOSPITAL, INC. AND HILLSBORO AREA HEALTH SERVICES, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Hewitt Chairman (thru October) | OfficerTrustee | 0.2 | $0 |
Michelle Ondrey Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
Pamela Dawson Chairman | OfficerTrustee | 0.2 | $0 |
Rex Brown Vice-Chairman | Officer | 0.1 | $0 |
Dr Josh Billington Director | Trustee | 0.1 | $0 |
Jessica Chappelear Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,740 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,265 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,005 |
| Total Program Service Revenue | $0 |
| Investment income | $37,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,218 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,766 |
| Grants and other assistance to domestic individuals. | $5,956 |
| 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 | $4,780 |
| 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 | $5,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $216 |
| Advertising and promotion | $0 |
| Office expenses | $290 |
| 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 | $335 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $943,699 |
| 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 | $298,646 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $767 |
| Investments—publicly traded securities | $683,745 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,926,857 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $886,027 |
| Net assets with donor restrictions | $1,040,830 |
| 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 | $1,926,857 |
Grants Awarded
Over the last fiscal year, Hillsboro Area Health Foundation has awarded $32,455 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF HILLSBORO PURPOSE: PURCHASE OF EQUIPMENT | $14,380 |
RAYMOND PARK DISTRICT PURPOSE: PURCHASE OF PLAYGROUND EQUIPMENT | $10,000 |
Hillsboro, IL PURPOSE: PURCHASE OF MEDICAL EQUIPMENT | $8,075 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hillsboro Area Health Foundation has recieved totaling $30.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Endowment Analysis
| Beg. Balance | $447,727 |
| Earnings | $3,377 |
| Ending Balance | $451,104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Community Hospital Elkader, IA | $12,041,952 | $10,933,825 |
Methodist Health Group Inc Indianapolis, IN | $6,943,695 | $87,505 |
North Fork Valley Community Health Board Inc Hazard, KY | $3,998,020 | $10,087,622 |
219 Health Network Inc East Chicago, IN | $2,298,035 | $8,594,314 |
Baum-Harmon Mercy Hospital Primghar, IA | $3,813,635 | $7,818,885 |
Sacred Heart Foundation St Louis, MO | $26,585,922 | $4,999,563 |
Jane Phillips Nowata Hospital Inc St Louis, MO | $2,975,960 | $6,140,488 |
Mchc-Chicago Hospital Council Naperville, IL | $2,539,865 | $6,795,617 |
Northern Lights Services Inc Washburn, WI | $7,344,645 | $7,186,727 |
Southwestern Healthcare Inc Evansville, IN | $14,194,545 | $5,739,388 |
Masonic Family Health Services Inc Chicago, IL | $126,881 | $5,180,840 |
Well Care Community Health Inc Richmond, IN | $3,385,577 | $5,515,559 |