Health World Inc
- Assets
- $1.2m
- Revenue
- $723.6k
- Investments
- $70.3k
- Employees
- 0
- Location
- St Charles, IL
- Founding
- 03/1988
- Data as of
- 04/2022
- EIN
- 36-3505833
Organization Overview
Health World Inc is located in St Charles, IL. The organization was established in 1988. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Health World Inc 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 04/2022, Health World Inc generated $723.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $808.2k during the year ending 04/2022. 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
TO PROMOTE THE EDUCATION AND HEALTH OF THE COMMUNITY THROUGH VARIOUS MEANS INCLUDING PROVIDING FINANCIAL AND FUNDRAISING ASSISTANCE AND IN ALL OTHER ELEVANT WAYS AIDING AND SUPPORTING HEALTH WORLD EDUCATION LTD. AND HEALTH WORLD EDUCATION INC. AS WELL AS PROMOTING HEALTH IN THE COMMUNITY THROUGH EDUCATIONAL OUTREACH PROGRAMS FOR CHILDREN AND OTHER COMMUNITY MEMBERS, AND COLLABORATING WITH OTHER NOT FOR PROFIT ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH WORLD, INC. IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES. THE PURPOSES OF THE HEALTH WORLD, INC. SHALL BE TO SUPPORT AND ENCOURAGE HEALTH CARE SERVIES AND EDUCATION THROUGH PROVIDING FINANCIAL, MANAGEMENT, FUNDRAISING ASSISTANCE AND IN ALL OTHER RELEVANT WAYS AIDING AND SUPPORTING ORGANIZATIONS PROVIDING HEALTH AND SAFETY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter P Rusin President | Officer | 40 | $0 |
James Mcnichols Secretary/treas | Officer | 0.5 | $0 |
Marshall Front Director | Trustee | 0.5 | $0 |
Jack Jefferies Director | Trustee | 0.5 | $0 |
Manu Khodadad Director | Trustee | 0.5 | $0 |
Alan Rodbell Director | Trustee | 0.5 | $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 | $559,242 |
| Noncash contributions included in lines 1a–1f | $480,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $559,242 |
| Total Program Service Revenue | $114,874 |
| Investment income | $49,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $723,583 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $5,768 |
| Fees for services: Accounting | $15,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,067 |
| Fees for services: Other | $221,812 |
| Advertising and promotion | $480,000 |
| Office expenses | $0 |
| Information technology | $17,628 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,578 |
| 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 | $4,156 |
| Insurance | $29,423 |
| All other expenses | $1,028 |
| Total functional expenses | $808,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,114 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,789 |
| 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 | $2,473 |
| Net Land, buildings, and equipment | $17,572 |
| Investments—publicly traded securities | $741,697 |
| Investments—other securities | $70,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $369,971 |
| Total assets | $1,233,959 |
| Accounts payable and accrued expenses | $17,359 |
| Grants payable | $0 |
| Deferred revenue | $19,100 |
| 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 | $515,258 |
| Total liabilities | $551,717 |
| Net assets without donor restrictions | $682,242 |
| Net assets with donor restrictions | $0 |
| 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 | $1,233,959 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Community Healthcare Arlington Heights, IL | $634,169,512 | $38,406,845 |
Anderson Healthcare Maryville, IL | $41,437,636 | $29,425,681 |
Advocate Charitable Foundation Downers Grove, IL | $200,973,412 | $44,400,105 |
Gundersen Lutheran Medical Foundation Inc La Crosse, WI | $92,389,553 | $52,203,030 |
Kosair Charities Committee Inc Louisville, KY | $326,895,406 | $23,053,795 |
Kentuckyone Health Inc Lexington, KY | $15,206,136 | $12,087,828 |
Hospital Sisters Of St Francis Foundation Inc Springfield, IL | $115,855,911 | $14,666,018 |
Ascension Care Management Insurance Holdings St Louis, MO | $337,485,264 | $76,291,210 |
Iowa Health Foundation Des Moines, IA | $224,193,770 | $32,909,877 |
Community Health Network Foundation Inc Indianapolis, IN | $96,702,775 | $20,395,245 |
Great River Health System Inc West Burlington, IA | $45,236,336 | $11,348,232 |
Mosaic Health System St Joseph, MO | $1,008,013,378 | $78,795,144 |