Osf Healthcare Foundation
- Assets
- $329.4m
- Revenue
- $24.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Peoria, IL
- Founding
- 07/2014
- Data as of
- 09/2023
- EIN
- 37-1259284
Organization Overview
Osf Healthcare Foundation is located in Peoria, IL. The organization was established in 2014. According to its NTEE Classification (E60) the organization is classified as: Health Support, 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. Osf Healthcare 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 09/2023, Osf Healthcare Foundation generated $24.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $25.7m during the year ending 09/2023. While expenses have increased by 10.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IN THE SPIRIT OF CHRIST AND THE EXAMPLE OF FRANCIS OF ASSISI, THE MISSION OF OSF HEALTHCARE IS TO SERVE PERSONS WITH THE GREATEST CARE AND LOVE IN A COMMUNITY THAT CELEBRATES THE GIFT OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OSF FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF OSF HEALTHCARE SYSTEM FOR THE PURPOSE OF ACCEPTING AND ADMINISTERING CONTRIBUTIONS, PLEDGES AND GIFTS FOR THE BENEFIT AND USE OF OSF HEALTHCARE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairperson Chief Executive Officer | OfficerTrustee | 1 | $0 |
Name Not Listed Assistant Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed President Osf Healthcare Foundation Chief Development Officer | OfficerTrustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Usa Concerts Llc Concert | 9/29/22 | $162,915 |
Kdb Group Llc Rent | 9/29/22 | $155,883 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $669,110 |
| Membership dues | $0 |
| Fundraising events | $2,029,780 |
| Related organizations | $143,180 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,958,458 |
| Noncash contributions included in lines 1a–1f | $652,388 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,800,528 |
| Total Program Service Revenue | $0 |
| Investment income | $6,303,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,668 |
| Net Gain/Loss on Asset Sales | -$564,466 |
| Net Income from Fundraising Events | -$906,921 |
| Net Income from Gaming Activities | $28,600 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,676,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,795,715 |
| 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 | $9,357 |
| Fees for services: Accounting | $406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,507 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,430,465 |
| Advertising and promotion | $22,262 |
| Office expenses | $41,475 |
| Information technology | $259,582 |
| Royalties | $0 |
| Occupancy | $2,520 |
| Travel | $66,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,513 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $39,991 |
| All other expenses | $6,954 |
| Total functional expenses | $25,716,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,607,792 |
| Pledges and grants receivable | $23,546,985 |
| 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 | $1,130,000 |
| Investments—publicly traded securities | $300,708,292 |
| Investments—other securities | $0 |
| Investments—program-related | $241,965 |
| Intangible assets | $0 |
| Other assets | $170,000 |
| Total assets | $329,405,034 |
| Accounts payable and accrued expenses | $381,476 |
| 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 | $9,613,393 |
| Total liabilities | $9,994,869 |
| Net assets without donor restrictions | $142,358,662 |
| Net assets with donor restrictions | $177,051,503 |
| 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 | $329,405,034 |