Health Research And Educational Trust
- Assets
- $22.4m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 37
- Location
- Chicago, IL
- Founding
- 05/1960
- Data as of
- 12/2021
- EIN
- 36-2203931
Organization Overview
Health Research And Educational Trust is located in Chicago, IL. The organization was established in 1960. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Health Research And Educational Trust employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Research And Educational Trust 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, Health Research And Educational Trust generated $10.7m 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 (14.5%) each year. All expenses for the organization totaled $12.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Health Research And Educational Trust has awarded 64 individual grants totaling $3,140,519. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST HEALTH CARE ORGANIZATIONS & COMMUNITIES TO IMPROVE THE EFFICIENCY, QUALITY & ACCESSIBILITY OF HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
QUALITY/COST/DISPARITIES: HRET CONDUCTS MANAGEMENT RESEARCH TO IMPROVE QUALITY, REDUCING COSTS, AND ELIMINATING DISPARITIES. NUMEROUS RESEARCH PROJECTS WORKED WITH HOSPITALS NATIONALLY TO REDUCE INFECTIONS AND TO IMPROVE SAFETY CULTURE SCORES. IN ADDITION, HRET PROVIDES HOSPITALS WITH TOOLS AND TRAINING MATERIALS COMPILED FROM VARIOUS SURVEYS CONDUCTED TO HELP EDUCATE HEALTHCARE PROFESSIONALS. EXAMPLES INCLUDE THE COMPREHENSIVE UNIT-BASED SAFETY PROGRAM (CUSP), WHICH TRANSFORMS CARE AND PATIENT SAFETY AT THE UNIT LEVEL BY IMPROVING CULTURE, WITH SUPPORT FROM THE AGENCY FOR HEALTHCARE RESEARCH AND QUALITY.
HRET'S TRANSLATIONAL RESEARCH PROGRAM IDENTIFIES AND EXECUTES STRATEGIES AND METHODS TO DISSEMINATE AND IMPLEMENT RESEARCH FINDINGS, KNOWLEDGE, TOOLS, AND BEST PRACTICES. HRET WAS AWARDED A CONTRACT BY THE AGENCY FOR HEALTHCARE RESEARCH AND QUALITY (AHRQ) TO ACCOMPLISH THE GOAL OF HELPING TO STRENGTHEN THE QUALITY AND SAFETY OF PATIENT CARE IN HOSPITALS AND OTHER PROVIDER SETTINGS BY USING CONSUMER-TARGETED RESOURCES THAT CAN BE CO-BRANDED AND SHARED WITH PATIENTS.
RESEARCH AND DEVELOPMENT OF RESOURCES ADDRESSING BEST PRACTICES AND MODELS FOR POPULATION HEALTH AND COMMUNITY PARTNERSHIPS. LEADERSHIP TRAINING IN HEALTH CARE TRANSFORMATION FOR HOSPITAL LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
133 Public Affairs Strategic Council And Communication Support | 12/30/21 | $283,875 |
League For Innovation Consulting | 12/30/21 | $714,204 |
Norc - National Opinion Research Ctr Data Analysis / Reporting | 12/30/21 | $200,238 |
Lasalle Network Temp Help | 12/30/21 | $379,357 |
Revive Public Relations Llc Video Production | 12/30/21 | $426,140 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,049,323 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,612,039 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,661,362 |
| Total Program Service Revenue | $745,435 |
| Investment income | $183,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,774 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99,209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,710,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $411,364 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $226,177 |
| Compensation of current officers, directors, key employees. | $104,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,137,558 |
| Pension plan accruals and contributions | $187,374 |
| Other employee benefits | $325,473 |
| Payroll taxes | $258,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,460 |
| Fees for services: Accounting | $32,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $113,014 |
| Fees for services: Other | $4,181,874 |
| Advertising and promotion | $374,161 |
| Office expenses | $326,134 |
| Information technology | $91,898 |
| Royalties | $0 |
| Occupancy | $536,505 |
| Travel | $43,459 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,699 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $39,848 |
| All other expenses | $2,219 |
| Total functional expenses | $11,969,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,692,663 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,756,279 |
| 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 | $45,745 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,918,445 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,413,132 |
| Accounts payable and accrued expenses | $315,025 |
| Grants payable | $0 |
| Deferred revenue | $1,795,998 |
| 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 | $1,518,718 |
| Total liabilities | $3,629,741 |
| Net assets without donor restrictions | $18,282,316 |
| Net assets with donor restrictions | $501,075 |
| 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 | $22,413,132 |
Grants Awarded
Over the last fiscal year, Health Research And Educational Trust has awarded $264,312 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
New Haven, CT PURPOSE: QUEST FOR QUALITY | $75,000 |
Westbury, NY PURPOSE: SUPPORT PAYMENT | $21,990 |
MEMORIAL HEALTHCARE SYSTEM PURPOSE: QUEST FOR QUALITY | $12,500 |
Yuma, AZ PURPOSE: QUEST FOR QUALITY | $12,500 |
Tampa, FL PURPOSE: SUPPORT PAYMENT | $11,202 |
Boston, MA PURPOSE: SUPPORT PAYMENT | $10,995 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Health Research And Educational Trust has recieved totaling $441,964.
| Awarding Organization | Amount |
|---|---|
John A Hartford Foundation New York, NY PURPOSE: NEXT GENERATION LEADERS TRANSFORMATION INSTITUTE: 1) DEVELOPING AGE-FRIENDLY HEALTH SYSTEMS LEADERSHIP; 2) TRANSFORMING HRETS HIIN HOSPITALS TO BECOME MORE AGE-FRIENDLY | $441,964 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Francis Hospital Sisters Of The Third Order Of St Francis Litchfield, IL | $115,024,581 | $58,904,775 |
Shenandoah Medical Center Shenandoah, IA | $66,279,280 | $53,754,700 |
Harrisburg Medical Center Inc Harrisburg, IL | $43,345,882 | $39,197,825 |
Owensboro Health Twin Lakes Regional Medical Center Inc Owensboro, KY | $55,501,629 | $56,278,932 |
Pekin Memorial Hospital Pekin, IL | $70,050,108 | $60,677,158 |
Ascension Borgess Allegan Hospital St Louis, MO | $32,866,970 | $39,637,859 |
Northwest Memorial Healthcare Chicago, IL | $87,933,488 | $39,660,179 |
Cox-Monett Hospital Inc Monett, MO | $76,112,407 | $40,685,063 |
South Shore Hospital Corporation Chicago, IL | $16,996,532 | $44,544,665 |
Stoughton Hospital Association Stoughton, WI | $89,267,867 | $58,913,821 |
Rochelle Community Hospital Association Rochelle, IL | $69,512,926 | $53,740,580 |
The Howard Young Medical Center Inc Wausau, WI | $105,216,633 | $31,671,206 |