Northwestern Memorial Healthcare
- Assets
- $7.8b
- Revenue
- $1.2b
- Investments
- $4.2b
- Employees
- 4,326
- Location
- Chicago, IL
- Founding
- 06/2011
- Data as of
- 08/2019
- EIN
- 36-3152959
Organization Overview
Northwestern Memorial Healthcare is located in Chicago, IL. The organization was established in 2011. 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 08/2019, Northwestern Memorial Healthcare employed 4,326 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes.
For the year ending 08/2019, Northwestern Memorial Healthcare generated $1.2b in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $1.1b during the year ending 08/2019. While expenses have increased by 12.8% per year over the past 4 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, Northwestern Memorial Healthcare has awarded 37 individual grants totaling $86,865,107. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
NORTHWESTERN MEMORIAL HEALTHCARE'S EXEMPT PURPOSE IS TO PROVIDE SUPPORT TO ITS HOSPITALS, PHYSICIAN CARE PRACTICES, ITS FOUNDATION AND THEIR AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHWESTERN MEMORIAL HEALTHCARE (NMHC) IS THE NOT-FOR-PROFIT CORPORATE DIRECT OR INDIRECT PARENT OF NORTHWESTERN MEMORIAL HOSPITAL (NMH), NORTHWESTERN LAKE FOREST HOSPITAL (NLFH), CENTRAL DUPAGE HOSPITAL ASSOCIATION (CDHA), DELNOR-COMMUNITY HOSPITAL (DCH), VALLEY WEST COMMUNITY HOSPITAL (VWCH), KISHWAUKEE COMMUNITY HOSPITAL (KCH), MARIANJOY REHABILITATION HOSPITAL & CLINICS (MJHRH), NORTHERN ILLINOIS MEDICAL CENTER (NIMC), NORTHWESTERN MEDICAL FACULTY FOUNDATION, CENTRAL DUPAGE PHYSICIAN GROUP, REHABILITATION MEDICINE CLINIC, INC. AND THEIR VARIOUS AFFILIATES AS LISTED IN THIS FORM 990, SCHEDULE R. WORKING TOGETHER UNDER THE BRAND NORTHWESTERN MEDICINE, NMHC AND NORTHWESTERN UNIVERSITY FEINBERG SCHOOL OF MEDICINE (FEINBERG) SHARE A VISION TO TRANSFORM MEDICAL CARE THROUGH CLINICAL INNOVATION, BREAKTHROUGH RESEARCH AND ACADEMIC EXCELLENCE TO MAKE A POSITIVE DIFFERENCE IN PEOPLE'S LIVES AND THE HEALTH OF OUR COMMUNITIES. NMHC PROVIDES COMPREHENSIVE INPATIENT CARE AT TEN HOSPITALS. AS THE PARENT OF THE NORTHWESTERN MEMORIAL HEALTH SYSTEM, NMHC PROVIDES GOVERNANCE SUPPORT AND CENTRALIZED SERVICES TO THE SYSTEM AS A WHOLE. NMHC IS POSITIONED TO ADVANCE GROUNDBREAKING WORK THAT CAN ONLY BE ACCOMPLISHED WITH THE RESOURCES OF AN INTEGRATED ACADEMIC MEDICAL HEALTH SYSTEM. AS AN INTEGRATED ACADEMIC MEDICAL HEALTH SYSTEM, NMHC CAN TAKE ACTION BEYOND PROVIDING CLINICAL CARE. WORKING WITH SCIENTISTS AND EXPERTS IN PUBLIC HEALTH, WE ARE STRIVING TO DETERMINE ROOT CAUSES AND DEVELOP SOLUTIONS TO ERADICATE SOME OF THE MOST WIDESPREAD, GROWING AND COMPLEX PUBLIC HEALTH ISSUES FACING THE UNITED STATES TODAY - FROM CHRONIC DISEASES INCLUDING CARDIOVASCULAR DISEASE, CANCER AND DIABETES, TO THE UNDERLYING CAUSES OF OBESITY, POOR MENTAL HEALTH AND PERSISTENT VIOLENCE IN OUR COMMUNITIES. NMHC SUPPORTS SOME OF THE NATION'S MOST ADVANCED RESEARCH PROGRAMS, LED BY PHYSICIAN SCIENTISTS AT FEINBERG, WHO ARE PUSHING THE BOUNDARIES OF SCIENCE AND MEDICINE THROUGH NATIONALLY RECOGNIZED RESEARCH PROGRAMS AS WELL AS ENTIRELY NEW SCIENTIFIC DISCIPLINES THAT ARE PIONEERING DIRECTIONS FOR PREVENTING AND CURING DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Group Return Group Number 5878 | Trustee | $0 | |
Per Regulation 16033-2d5 This Data Is Found On The | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,007,746,126 |
| Investment income | $72,460,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $136,671,257 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,226,577,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,287,926 |
| 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. | $12,997,829 |
| Compensation of current officers, directors, key employees. | $1,666,277 |
| Compensation to disqualified persons | $110,945 |
| Other salaries and wages | $357,840,293 |
| Pension plan accruals and contributions | $19,896,385 |
| Other employee benefits | $29,767,219 |
| Payroll taxes | $22,846,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,071,004 |
| Fees for services: Accounting | $3,046,814 |
| Fees for services: Lobbying | $89,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,085,312 |
| Fees for services: Other | $197,656,844 |
| Advertising and promotion | $27,351,151 |
| Office expenses | $24,957,818 |
| Information technology | $93,967,534 |
| Royalties | $0 |
| Occupancy | $26,749,796 |
| Travel | $2,211,564 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,254,479 |
| Interest | $38,334,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,042,111 |
| Insurance | $1,891,367 |
| All other expenses | $5,363,438 |
| Total functional expenses | $1,113,739,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $450,019,642 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,512,493 |
| 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 | $36,481,743 |
| Net Land, buildings, and equipment | $337,408,699 |
| Investments—publicly traded securities | $1,612,658,460 |
| Investments—other securities | $4,157,242,398 |
| Investments—program-related | $2,010,613 |
| Intangible assets | $0 |
| Other assets | $1,201,039,548 |
| Total assets | $7,799,373,596 |
| Accounts payable and accrued expenses | $1,798,580,882 |
| Grants payable | $33,562,900 |
| Deferred revenue | $688,780 |
| Tax-exempt bond liabilities | $1,006,960,137 |
| 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 | $55,000,000 |
| Other liabilities | $4,327,913,983 |
| Total liabilities | $7,222,706,682 |
| Unrestricted restricted net Assets | $576,666,914 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $576,666,914 |
Grants Awarded
Over the last fiscal year, Northwestern Memorial Healthcare has awarded $29,220,307 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Evanston, IL PURPOSE: Academic and other support | $28,852,048 |
Downers Grove, IL PURPOSE: Community support for youth health | $50,000 |
Dallas, TX PURPOSE: Research and education | $50,000 |
Atlanta, GA PURPOSE: Research and education | $45,000 |
Aurora, IL PURPOSE: Healthcare support | $40,000 |
Crystal Lake, IL PURPOSE: Access to healthcare | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Northwestern Memorial Healthcare has recieved totaling $281,673.
| Awarding Organization | Amount |
|---|---|
National Philanthropic Tr Jenkintown, PA PURPOSE: HEALTH | $131,700 |
Community Foundation Of The Fox River Valley Aurora, IL PURPOSE: BENEFIT GREATER AURORA | $62,618 |
Dupage Community Foundation Downers Grove, IL PURPOSE: GENERAL/OPERATING, PROGRAM DEVELOPMENT | $56,500 |
Charles And Audrey Dann Charitable Foundation Chicago, IL PURPOSE: General Operating Support | $13,270 |
Jewish United Fund Of Metropolitan Chicago Chicago, IL PURPOSE: General Operations | $12,485 |
Greater Horizons Kansas City, MO PURPOSE: General Support | $5,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Wisconsin Medical Foundation Inc Middleton, WI | $1,086,870,157 | $956,685,711 |
St Lukes Hospital Of Kansas City Kansas City, MO | $1,392,812,481 | $948,488,426 |
Deaconess Hospital Inc Evansville, IN | $1,654,034,103 | $1,047,627,616 |
Mercy Hospital Springfield Springfield, MO | $580,000,472 | $1,006,677,358 |
Ascension St John Hospital St Louis, MO | $420,361,390 | $924,193,769 |
Central Iowa Hospital Corporation Des Moines, IA | $1,259,331,686 | $914,986,157 |
The Carle Foundation Hospital Urbana, IL | $396,914,947 | $1,026,211,585 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,021,035,326 | $817,241,108 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
Saint Joseph Health System Inc Lexington, KY | $972,577,044 | $844,837,722 |
Advocate North Side Health Network Downers Grove, IL | $903,781,713 | $776,216,592 |
Edward Hospital Naperville, IL | $481,805,669 | $665,834,109 |