Methodist Medical Center Foundation
- Assets
- $40.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Peoria, IL
- Founding
- 11/1976
- Data as of
- 12/2022
- EIN
- 51-0186460
Organization Overview
Methodist Medical Center Foundation, operating under the name Central Illinois Foundation, is located in Peoria, IL. The organization was established in 1976. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Central Illinois 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 12/2022, Central Illinois Foundation generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $8.2m during the year ending 12/2022. While expenses have increased by 16.5% per year over the past 8 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, Central Illinois Foundation has awarded 27 individual grants totaling $22,254,822. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESOURCE TO ALL PARTS OF THE UNITYPOINT HEALTH SYSTEM IN THE CENTRAL ILLINOIS REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS, ALLOCATIONS AND PROGRAM SUPPORTMETHODIST MEDICAL CENTER FOUNDATION'S PURPOSE IS TO RAISE FUNDS TO MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES AND SERVICES OF THE METHODIST MEDICAL CENTER OF ILLINOIS; PROCTOR HOSPITAL; METHODIST COLLEGE AND UNITYPOINT CLINIC IN PEORIA, IL, AND TO PROVIDE BROADER HOSPITAL, MEDICAL AND EDUCATIONAL SERVICE OPPORTUNITIES TO ITS PATIENTS, STUDENTS, STAFF, FACULTY AND RESIDENTS OF THE GEOGRAPHICAL AREA IT SERVES. IT SUPPORTS THE MISSIONS OF THE METHODIST MEDICAL CENTER OF ILLINOIS, PROCTOR HOSPITAL, METHODIST COLLEGE AND UNITYPOINT CLINIC BY RAISING FINANCIAL CONTRIBUTIONS AND INVESTING THE PROCEEDS.THE GRANTS, ALLOCATIONS AND PROGRAM SUPPORT SERVICES MAY INCLUDE:- CONTRIBUTIONS FOR EQUIPMENT PURCHASES, TO OFFSET OPERATING EXPENSES, EDUCATION, SEMINARS, AND RESEARCH PROGRAMS FOR VARIOUS DEPARTMENTS OF THE METHODIST MEDICAL CENTER OF ILLINOIS; PROCTOR HOSPITAL; METHODIST COLLEGE AND UNITYPOINT CLINIC IN PEORIA, IL.- MISCELLANEOUS GRANTS AND CONTRIBUTIONS TO ORGANIZATIONS AND/OR INDIVIDUALS ASSOCIATED WITH THE METHODIST MEDICAL CENTER OF ILLINOIS, PROCTOR HOSPITAL, METHODIST COLLEGE AND UNITYPOINT CLINIC IN PEORIA, IL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Atkinson Board Member (to 9/22) | Trustee | 1 | $0 |
Jenna Cicciarelli-Wiesner Board Chair | OfficerTrustee | 1 | $0 |
Joe Couri MD Board Member | Trustee | 1 | $0 |
Tom Fliege Board Member | Trustee | 1 | $0 |
Emily Galligan Board Member | Trustee | 1 | $0 |
Adam Hawks Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $356,933 |
| Related organizations | $15,000 |
| Government grants | $445,938 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,830,362 |
| Noncash contributions included in lines 1a–1f | $155,913 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,648,233 |
| Total Program Service Revenue | $0 |
| Investment income | $706,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,382,868 |
| Net Income from Fundraising Events | -$61,548 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,675,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,387,554 |
| Grants and other assistance to domestic individuals. | $51,336 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $207,250 |
| Compensation of current officers, directors, key employees. | $50,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,910 |
| Pension plan accruals and contributions | $10,297 |
| Other employee benefits | $14,725 |
| Payroll taxes | $11,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $62,313 |
| Fees for services: Investment Management | $134,724 |
| Fees for services: Other | $23,750 |
| Advertising and promotion | $27,360 |
| Office expenses | $2,595 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,448 |
| Travel | $782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $67,962 |
| Total functional expenses | $8,245,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $819,013 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,825,250 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,086 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $37,632,688 |
| Investments—other securities | $0 |
| Investments—program-related | $59,138 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,368,175 |
| Accounts payable and accrued expenses | $140,258 |
| 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 | $793,609 |
| Total liabilities | $933,867 |
| Net assets without donor restrictions | $8,257,073 |
| Net assets with donor restrictions | $31,177,235 |
| 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 | $40,368,175 |
Grants Awarded
Over the last fiscal year, Methodist Medical Center Foundation has awarded $7,386,046 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HULT CENTER FOR HEALTHY LIVING INC PURPOSE: PROGRAM SUPPORT | $870,497 |
METHODIST MEDICAL CENTER OF ILLINOIS PURPOSE: PROGRAM SUPPORT | $6,196,328 |
PEKIN MEMORIAL HOSPITAL PURPOSE: PROGRAM SUPPORT | $288,904 |
PROCTOR HOSPITAL PURPOSE: PROGRAM SUPPORT | $30,317 |