Hillsboro Area Health Foundation
- Assets
- $2.1m
- Revenue
- $213.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hillsboro, IL
- Founding
- 05/1990
- Data as of
- 06/2023
- 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 06/2023, Hillsboro Area Health Foundation generated $213.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $19.9k during the year ending 06/2023. 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
2023
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 |
|---|---|---|---|
Pamela Dawson Chairman (thru 10/2022) | OfficerTrustee | 0.2 | $0 |
Julie Jenkins Chairman | OfficerTrustee | 0.2 | $0 |
Michelle Ondrey Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
Dr Josh Billington Director | Trustee | 0.1 | $0 |
Jessica Chappelear Director | Trustee | 0.1 | $0 |
Becky Cullison Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,436 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,255 |
| Total Program Service Revenue | $0 |
| Investment income | $75,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,930 |
| 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 | $6,017 |
| 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 | $5,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $485 |
| Fees for services: Other | $552 |
| Advertising and promotion | $0 |
| Office expenses | $531 |
| 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 | $19,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,097,698 |
| 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 | $309,701 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $432 |
| Investments—publicly traded securities | $683,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,961 |
| Total assets | $2,120,518 |
| 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 | $1,079,773 |
| Net assets with donor restrictions | $1,040,745 |
| 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 | $2,120,518 |
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 |
HILLSBORO AREA HOSPITAL INC PURPOSE: PURCHASE OF MEDICAL EQUIPMENT | $8,075 |
RAYMOND PARK DISTRICT PURPOSE: PURCHASE OF PLAYGROUND EQUIPMENT | $10,000 |