Glenoaks Hospital Foundation
- Assets
- $0.0
- Revenue
- $88.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Glendale Heights, IL
- Founding
- 01/1994
- Data as of
- 06/2019
- EIN
- 36-3926044
Organization Overview
Glenoaks Hospital Foundation is located in Glendale Heights, IL. The organization was established in 1994. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. Glenoaks 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 06/2019, Glenoaks Hospital Foundation generated $88.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $47.7k during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING FOR TAX-EXEMPT HOSPITAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND RAISING TO PROVIDE CAPITAL EQUIPMENT AND SUPPORT FOR ADVENTIST GLENOAKS HOSPITAL, A 501(C)(3) HOSPITAL ORGANIZATION. MERGED INTO TAX-EXEMPT RELATED ENTITY EFFECTIVE JUNE 21, 2019 PURSUANT TO THE LAWS OF THE STATE OF ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Osterholz Executive Dir (beg 4/19) | Officer | 50 | $91,673 |
Christin Kruse Executive Dir (end 3/19) | Officer | 50 | $0 |
Richard Phillips MD Dir/chairman | Trustee | 0.3 | $0 |
Bruce Christian Director | Trustee | 0.3 | $0 |
Kenneth Edl Director | Trustee | 0.3 | $0 |
Marshall Gray Jr Dir/vice Chairman (beg 1/19) | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,662 |
| Related organizations | $1,424 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,697 |
| Noncash contributions included in lines 1a–1f | $5,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,783 |
| Total Program Service Revenue | $0 |
| Investment income | $31,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,787 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,973 |
| 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 | $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 | $1,837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $47,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Glenoaks Hospital Foundation has recieved totaling $40,126.
| Awarding Organization | Amount |
|---|---|
Bear Foundation Rolling Meadows, IL PURPOSE: GENERAL OPERATIONS | $16,088 |
Adventist Glenoaks Hospital Glendale Heights, IL PURPOSE: PROVISION OF GENERAL ADMINISTRATIVE SUPPORT | $14,038 |
Adventist Health System Sunbelt Healthcare Corporation Altamonte Springs, FL PURPOSE: General Support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Community Investment Fund Irrv Tr Chicago, IL | $49,874,763 | $9,294,920 |
Cedar Valley Friends Of The Family Inc Waterloo, IA | $2,837,799 | $5,986,099 |
Dairy Lab Services Inc Dubuque, IA | $2,147,827 | $2,967,894 |
Ladies Union Benevolent Association St Joseph, MO | $16,215,368 | $4,268,127 |
National Association Of Electrical Distributors Education Foundation St Louis, MO | $19,969,630 | $3,274,087 |
Greater Green Bay Chamber Of Commerce Foundation Inc Green Bay, WI | $2,890,843 | $1,952,883 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
St Joseph Services Inc Chicago, IL | $1,123,789 | $1,648,775 |
Fiscal Sponsorship Allies Inc Indianapolis, IN | $762,742 | $2,068,293 |
Association Of Equipment Management Professionals Inc Middleton, WI | $87,248 | $1,345,748 |
Rural Improvement Society Sycamore, IL | $12,621,266 | $2,148,752 |
Community Foundation Of The Ozarks Stock Tr Springfield, MO | $1,328,697 | $902,604 |