Medline Foundation
- Assets
- $133.0k
- Revenue
- $381.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Northfield, IL
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 42-1563666
Organization Overview
Medline Foundation is located in Northfield, IL. The organization was established in 2003. 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. Medline 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 12/2021, Medline Foundation generated $381.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (32.2%) each year. All expenses for the organization totaled $854.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Medline Foundation has awarded 154 individual grants totaling $2,585,199. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew J Mills President | 2 | $0 | |
James D Abrams Director | 2 | $0 | |
Alex Liberman Secretary/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $99,440 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,136 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $281,001 |
| Capital Gain Net Income | $281,001 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $381,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,206 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,222 |
| Total operating and administrative expenses | $26,488 |
| Contributions, gifts, grants paid | $827,811 |
| Total expenses and disbursements | $854,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,045 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $133,045 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Medline Foundation has awarded $827,811 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
WELFARE GRANTS PURPOSE: GENERAL WELFARE | $65,284 |
AMERICAN HEART ASSN PURPOSE: GENERAL ASSISTANCE | $60,000 |
Gurnee, IL PURPOSE: GENERAL ASSISTANCE | $58,250 |
PRESERVATION FOUNDATION PURPOSE: GENERAL ASSISTANCE | $50,000 |
Deerfield, IL PURPOSE: GENERAL ASSISTANCE | $50,000 |
LAKE COUNTY CRISISA SAFE PLACE PURPOSE: GENERAL ASSISTANCE | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Medline Foundation has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Appalachian Regional Healthcare Foundation Boone, NC PURPOSE: OPERATIONAL SUPPORT | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |