Hinsdale Hospital Foundation
- Assets
- $10.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Hinsdale, IL
- Founding
- 04/1947
- Data as of
- 12/2022
- 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 12/2022, Hinsdale Hospital Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 8 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
2022
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 UCHICAGO MEDICINE ADVENTHEALTH HINSDALE (THE HOSPITAL), AN IRC SECTION 501(C)(3) ORGANIZATION. DURING THE CURRENT YEAR, $1,176,360 WAS CONTRIBUTED TO THE HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Digianfilippo MD Anthony Director | Trustee | 0.3 | $0 |
Dalal MD Jay Director | Trustee | 0.3 | $0 |
Maycock Adam Ex Officio Director | Trustee | 0.3 | $0 |
Moreno Meghan Dir./vp Fdtn Development | Officer | 25 | $0 |
Morgan Diane Executive Director | Officer | 25 | $0 |
Akers Julie Director (began 07/2022) | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,759 |
| Related organizations | $27,783 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,601 |
| Noncash contributions included in lines 1a–1f | $27,783 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,143 |
| Total Program Service Revenue | $1,256,453 |
| Investment income | $22,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,539 |
| Net Income from Fundraising Events | -$75,339 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,356,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,176,360 |
| Grants and other assistance to domestic individuals. | $3,423 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $62,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $119 |
| 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 | $0 |
| Total functional expenses | $1,305,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $720,157 |
| Savings and temporary cash investments | $343,423 |
| Pledges and grants receivable | $1,312,042 |
| Accounts receivable, net | $7,423 |
| 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 | $7,381,147 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $964,359 |
| Total assets | $10,728,551 |
| Accounts payable and accrued expenses | $53,982 |
| 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 | $15,802 |
| Total liabilities | $69,784 |
| Net assets without donor restrictions | $1,034,641 |
| Net assets with donor restrictions | $9,624,126 |
| 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 | $10,728,551 |
Grants Awarded
Over the last fiscal year, Hinsdale Hospital Foundation has awarded $4,044,325 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AHS MIDWEST MANAGEMENT INC PURPOSE: RESEARCH | $18,860 |
ADVENTIST MIDWEST HEALTH FKA ADVENTIST HINSDALE HOSPITAL PURPOSE: GENERAL SUPPORT | $4,025,465 |