Illinois Childrens Healthcare Foundation
- Assets
- $172.8m
- Revenue
- $9.4m
- Investments
- $168.1m
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 03-0503425
Organization Overview
Illinois Childrens Healthcare Foundation is located in Oak Brook, IL. The organization was established in 2003. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Childrens 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 12/2021, Illinois Childrens Healthcare Foundation generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $11.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Illinois Childrens Healthcare Foundation has awarded 260 individual grants totaling $37,926,807. 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
THE ILLINOIS CHILDREN'S HEALTHCARE FOUNDATION WORKS TO ENSURE THAT EVERY CHILD IN ILLINOIS HAS ACCESS TO AFFORDABLE AND QUALITY HEALTH CARE BY MAKING GRANTS TO OTHER NOT-FOR-PROFIT ORGANIZATIONS THAT CONDUCT PROGRAMS DESIGNED TO ADDRESS A VARIETY OF ACCESS ISSUES. GRANTMAKING IS FOCUSED IN TWO SPECIFIC AREAS: IMPROVING THE ORAL HEALTH OF UNDERSERVED CHILDREN AND ADDRESSING THE MENTAL HEALTH NEEDS OF CHILDREN. IN ADDITION, THE FOUNDATION MONITORS OTHER EMERGING HEALTH ISSUES THAT THE BOARD OF DIRECTORS MAY SELECT AS FOCUS AREAS IN THE FUTURE.THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Higgins Alderman President | 40 | $285,300 | |
Amy Starin PHD Lcsw Senior Program Offic | 40 | $153,500 | |
Robert J Egan Senior Program Offic | 40 | $145,500 | |
Brian Moynihan Dir Of Finance And O | 40 | $88,208 | |
Nedranae Hunt Administrative Manag | 40 | $85,000 | |
Matthew J Thullen Program Officer | 40 | $80,022 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Univ Of Il-urbana | 12/30/21 | $224,888 |
Commonhealth Action | 12/30/21 | $57,890 |
Vanguard | 12/30/21 | $79,734 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,345,937 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,081,319 |
| Capital Gain Net Income | $6,081,319 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,428,256 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $285,300 |
| Other employee salaries and wages | $552,230 |
| Pension plans, employee benefits | $209,528 |
| Interest | $0 |
| Taxes | $225,420 |
| Depreciation | $2,392 |
| Occupancy | $69,083 |
| Travel, conferences, and meetings | $13,220 |
| Printing and publications | $6,994 |
| Other expenses | $50,533 |
| Total operating and administrative expenses | $1,915,628 |
| Contributions, gifts, grants paid | $9,505,990 |
| Total expenses and disbursements | $11,421,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,717,449 |
| 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 | $33,816 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,828 |
| Other assets | $0 |
| Total assets | $172,838,273 |
| Accounts payable and accrued expenses | $17,531 |
| Grants payable | $6,225,592 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $65,058 |
| Total liabilities | $6,308,181 |
Grants Awarded
Over the last fiscal year, Illinois Childrens Healthcare Foundation has awarded $11,491,490 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: PROJECT CARES: COLLABORATIVE ACCESS TO RESOURCES PROMOTING EQUITY IN SCHOOLS | $440,070 |
Chicago, IL PURPOSE: KIDS CONNECTED | $375,000 |
CENTERSTONE OF ILLINOIS INC PURPOSE: BUILDING COMPASSIONATE COMMUNITIES | $375,000 |
HERITAGE BEHAVIORAL HEALTH CENTER PURPOSE: CMHI IMPLEMENTATION GRANT - COMMUNITY TOGETHER | $375,000 |
Chicago, IL PURPOSE: COVID-19 SCHOOL WELLNESS INITIATIVE | $300,000 |
Urbana, IL PURPOSE: UIC OCEAN_HP - COPE ENGLEWOOD | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Service Center Foundation Peoria, IL | $0 | $1,619,200 |
Lodgic Holdings Inc Mooseheart, IL | $17,554,057 | $6,408,971 |
Illinois Childrens Healthcare Foundation Oak Brook, IL | $172,838,273 | $9,428,256 |
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Share Our Spare Chicago, IL | $1,000,301 | $3,535,972 |
Lux Family Foundation St Louis, MO | $0 | $335,497 |
Voice Of Judah Israel Inc Fort Wayne, IN | $1,559,331 | $3,178,865 |
Cornerstone Of Hope Inc Paducah, KY | $781,400 | $2,454,747 |
Virginia Henry Charitable Trust 0403231952 Po Box Chicago, IL | $27,737,979 | $3,536,006 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
Chaddock Childrens Foundation Quincy, IL | $5,809,375 | $1,961,321 |