Hinsdale Hospital Foundation
- Assets
- $11.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Hinsdale, IL
- Founding
- 04/1947
- Data as of
- 12/2021
- EIN
- 52-1466387
Organization Overview
Hinsdale Hospital Foundation is located in Hinsdale, IL. The organization was established in 1947. 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. Hinsdale Hospital 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, Hinsdale Hospital Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUND-RAISING FOR TAX-EXEMPT HOSPITAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY EXEMPT PURPOSE OF THE HINSDALE HOSPITAL FOUNDATION IS TO CONDUCT FUND-RAISING ON BEHALF OF ADVENTIST MIDWEST HEALTH D/B/A ADVENTHEALTH HINSDALE (THE HOSPITAL), AN IRC SECTION 501(C)(3) ORGANIZATION. DURING THE CURRENT YEAR, $1,382,385 WAS CONTRIBUTED TO THE HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Diane Executive Director | Officer | 50 | $0 |
Maycock Adam Ex Officio Director | Officer | 0.3 | $0 |
Pollitt Jay Director/chairman | Trustee | 0.3 | $0 |
Barrett Richard Director | Trustee | 0.3 | $0 |
Chapello Craig Director | Trustee | 0.3 | $0 |
Dalal MD Jay Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $180,784 |
| Related organizations | $37,259 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,477 |
| Noncash contributions included in lines 1a–1f | $85,259 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,520 |
| Total Program Service Revenue | $1,487,210 |
| Investment income | $379,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$292 |
| Net Income from Fundraising Events | -$122,988 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,965,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,420,327 |
| Grants and other assistance to domestic individuals. | $4,810 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,875 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,441 |
| Office expenses | $21,128 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $19,886 |
| Total functional expenses | $1,512,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,626 |
| Savings and temporary cash investments | $342,692 |
| Pledges and grants receivable | $1,486,061 |
| Accounts receivable, net | $25,471 |
| 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 | $0 |
| Investments—publicly traded securities | $8,229,464 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,249,441 |
| Total assets | $11,541,755 |
| Accounts payable and accrued expenses | $71,533 |
| 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 | $17,997 |
| Total liabilities | $89,530 |
| Net assets without donor restrictions | $1,755,231 |
| Net assets with donor restrictions | $9,696,994 |
| 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 | $11,541,755 |
Grants Awarded
Over the last fiscal year, Hinsdale Hospital Foundation has awarded $4,044,325 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hinsdale, IL PURPOSE: GENERAL SUPPORT | $4,025,465 |
Bolingbrook, IL PURPOSE: RESEARCH | $18,860 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hinsdale Hospital Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Allyn Foundation Incorporated A Delaware Corp Hinsdale, IL PURPOSE: MEDICAL SERVICES | $1,000 |
Endowment Analysis
| Beg. Balance | $2,599,355 |
| Earnings | $103,974 |
| Other Expense | $103,974 |
| Ending Balance | $2,599,355 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Livingston Hospital And Healthcare Services Inc Salem, KY | $11,764,039 | $22,423,570 |
Cumberland County Hospital Association Inc Burkesville, KY | $27,206,653 | $23,152,789 |
Alegent Health Mercy Hospital Corning, IA | $35,243,438 | $19,692,764 |
St Marys Warrick Hospital Inc St Louis, MO | $9,424,300 | $16,745,363 |
Aspirus Stanley Hospital & Clinics Inc Wausau, WI | $10,927,612 | $20,966,048 |
Community Hospital Of Staunton Staunton, IL | $32,595,948 | $20,788,343 |
St Vincent Clay Hospital Inc St Louis, MO | $12,816,129 | $21,118,417 |
Genesis Medical Center Aledo Aledo, IL | $16,196,609 | $17,740,710 |
Hshs Good Shepherd Hospital Inc Shelbyville, IL | $31,163,416 | $16,379,613 |
Uofl Health-Shelbyville Inc Louisville, KY | $17,393,919 | $16,689,423 |
Northwestern Memorial Healthcare Dekalb, IL | $61,241,872 | $21,268,372 |
Wayne County Hospital Inc Monticello, KY | $12,751,716 | $22,596,534 |