Masonic Family Health Foundation
- Assets
- $127.8m
- Revenue
- $9.3m
- Investments
- $4.2m
- Employees
- 0
- Location
- Downers Grove, IL
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 36-4397387
Organization Overview
Masonic Family Health Foundation is located in Downers Grove, IL. The organization was established in 2001. 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. Masonic Family Health 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, Masonic Family Health Foundation generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Masonic Family Health Foundation has awarded 48 individual grants totaling $3,240,457. 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
THIS FOUNDATION IS ORGANIZED TO SUPPORT MASONIC FAMILY HEALTH SERVICES, AND OTHER TAX-EXEMPT ORGANIZATIONS OPERATING IN THE MIDWEST THAT FURTHER THE PROMOTION OF HEALTH OR OTHER EDUCATIONAL OR CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
REQUIRED DISTRIBUTION TO ADVOCATE NORTH SIDE HEALTH NETWORK, A TAX-EXEMPT, NOT-FOR-PROFIT ORGANIZATION, TO BE USED TO SUPPORT VARIOUS PROGRAMS, SERVICES, AND CAPITAL IMPROVEMENTS OF ADVOCATE AURORA HEALTH AT THE DISCRETION OF ADVOCATE'S MANAGEMENT.
THIS EXPENSE SUPPORTS ADVOCATE NORTH SIDE HEALTH NETWORK HOSPITAL PROGRAMS, CAPITAL IMPROVEMENTS, AND SERVICES AS DEEMED APPROPRIATE OR NECESSARY BY ADVOCATE NORTH SIDE MANAGEMENT. THIS EXPENSE ALSO SUPPORTS THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF MASONIC FAMILY HEALTH SERVICES AND OTHER TAX-EXEMPT ORGANIZATIONS OPERATING IN THE CHICAGO METROPOLITAN AREA OF AREAS OF THE MIDWEST THAT FURTHERS THE PROMOTION OF HEALTH OR OTHER EDUCATIONAL OR CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Rylowicz Executive Director, Direct | OfficerTrustee | 1 | $30,000 |
Perry R Pero Chairman, Director | OfficerTrustee | 1 | $0 |
Steven Stone Secretary, Director | OfficerTrustee | 1 | $0 |
William E Tienken Treasurer, Director | OfficerTrustee | 1 | $0 |
Clifton Truman Daniel Vice Chairman, Director | OfficerTrustee | 1 | $0 |
Robert Zadylak Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert W Baird & Co Investment Manager | 12/30/20 | $166,919 |
William Blair & Co Investment Manager | 12/30/20 | $129,894 |
Northern Trust Bank Investment Manager | 12/30/20 | $201,052 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,184 |
| 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 | $50,184 |
| Total Program Service Revenue | $0 |
| Investment income | $1,198,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,029,299 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,277,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,031,459 |
| 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. | $11,603 |
| Compensation of current officers, directors, key employees. | $11,603 |
| 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 | $66,300 |
| Fees for services: Legal | $30,200 |
| Fees for services: Accounting | $14,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,884 |
| Advertising and promotion | $0 |
| Office expenses | $7,528 |
| 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 | $4,077,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,845 |
| All other expenses | $0 |
| Total functional expenses | $5,304,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,076,821 |
| 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 | $20,163 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $119,276,730 |
| Investments—other securities | $4,170,112 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $293,954 |
| Total assets | $127,837,780 |
| Accounts payable and accrued expenses | $69,014 |
| 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 | $4,370,954 |
| Total liabilities | $4,439,968 |
| Net assets without donor restrictions | $605,268 |
| Net assets with donor restrictions | $122,792,544 |
| 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 | $127,837,780 |
Grants Awarded
Over the last fiscal year, Masonic Family Health Foundation has awarded $1,021,459 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Downers Grove, IL PURPOSE: INDIGENT SERVICES | $694,459 |
Rosemont, IL PURPOSE: SERVICES FOR VETERANS | $50,000 |
Chicago, IL PURPOSE: FREE HEALTH CARE TO UNDERPRIVILEDGED | $40,000 |
Glenwood, IL PURPOSE: YOUTH EDUCATION FOR GRADES 2-8 | $35,000 |
Hillside, IL PURPOSE: ASSIST INDIVIDUALS WITH INTELLECTUAL DISABILITIES | $35,000 |
Chicago, IL PURPOSE: COMMUNITY ASSISTANCE FOR AT-RISK YOUTHS AND FAMILIES | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Masonic Family Health Foundation has recieved totaling $149,878.
| Awarding Organization | Amount |
|---|---|
Advocate North Side Health Network Downers Grove, IL PURPOSE: SUPPORT EXEMPT MISSION | $149,878 |
Endowment Analysis
| Beg. Balance | $16,183,401 |
| Ending Balance | $16,183,401 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Louisville Medical Center Development Corporation Louisville, KY | $97,176,335 | $8,068,476 |
Pulaski Health Foundation Inc Winamac, IN | $8,480,545 | $8,038,166 |
Healthcare Foundation Of La Porte Inc La Porte, IN | $192,768,600 | $27,903,057 |
Mercy Foundation Of Des Moines Iowa Des Moines, IA | $72,079,814 | $11,993,555 |
Ephraim Mcdowell Health Inc Danville, KY | $193,248,022 | $7,628,237 |