Institute For Diversity And Health Management Inc
- Assets
- $0.0
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Chicago, IL
- Founding
- 12/1995
- Data as of
- 12/2020
- EIN
- 58-2094118
Organization Overview
Institute For Diversity And Health Management Inc, operating under the name Institute For Diversity And Health Equity, is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2020, Institute For Diversity And Health Equity employed 11 individuals. Institute For Diversity And Health Equity 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 12/2020, Institute For Diversity And Health Equity generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.9m during the year ending 12/2020. While expenses have increased by 2.6% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER HEALTH ORGANIZATIONS TO PROVIDE EQUITABLE CARE FOR ALL PERSONS.
Describe the Organization's Program Activity:
ONE OF THE PRIMARY SERVICES PROVIDED TO THE NATION'S HOSPITALS AND HEALTH CARE SYSTEMS IS TECHNICAL EDUCATION AROUND THE ISSUES OF DIVERSITY MANAGEMENT, PROVIDING CULTURALLY COMPETENT CARE AND TOOLS FOR REDUCING DISPARITIES. IFD IS ALSO A RESOURCE FOR RECRUITING MINORITIES FOR SENIOR LEADERSHIP POSITIONS IN HOSPITALS. THERE IS AN ONLINE DATABASE FOR HOSPITALS TO POST OPEN POSITIONS, AND FOR INDIVIDUALS TO POST THEIR RESUMES. BEYOND THIS SERVICE, IFD MAINTAINS A CONFIDENTIAL REGISTRY OF SENIOR EXECUTIVES. IFD PROVIDES PROCEDURES FOR DEVELOPING CULTURALLY COMPETENT ORGANIZATIONS INCLUDING STAFF EDUCATIONAL TOOLS AND SUBJECT MATTER, INCLUDING CONTENT AND STATISTICS. IFD CONDUCTS SITE VISITS AND EVALUATIONS UPON INVITATION.
THE SUMMER ENRICHMENT PROGRAM (SEP) AND FALL ENRICHMENT PROGRAM (FEP) ARE AN ENHANCED INTERNSHIP PROGRAMS WHICH GIVES REAL-WORLD WORK EXPERIENCE TO GRADUATE STUDENTS IN HEALTH ADMINISTRATION WITH A 10-12 WEEK, PAID INTERNSHIP IN A HOSPITAL OR HEALTH CARE FACILITY. IN ADDITION TO GAINING BROAD EXPOSURE TO THE HOST INSTITUTE'S STAFF, STAKEHOLDERS AND CHALLENGES, SEP/FEP INTERNS ALSO COMPLETE AN INDEPENDENTLY DESIGNED SPECIAL PROJECT. EXPERIENCED ADMINISTRATORS SERVE AS PRECEPTORS AND MENTOR THE INTERNS, PROVIDING SUPPORT AND CAREER ADVICE AS WELL AS INTRODUCING THEM TO COLLEAGUES. THE SEP/FEP PROGRAMS ALSO SERVE A SECONDARY PURPOSE IN INTRODUCING HOST HOSPITALS AND HEALTH CARE FACILITIES TO NEW, YOUNG HEALTH ADMINISTRATION GRADUATE STUDENTS FOR POSSIBLE CONSIDERATION FOR FUTURE EMPLOYMENT.
IFD OFFERS DIVERSITY DIALOGUES AND NEWSLETTERS. THE DIVERSITY DIALOGUES ARE A SERIES OF BIMONTHLY CONFERENCE CALLS THAT DISCUSS AND EXAMINE CURRENT ISSUES AND TRENDS IN HEALTH CARE DIVERSITY. THE CALLS, FREE TO MEMBERS, ALLOW PARTICIPANTS TO INTERACT WITH AND LEARN FROM EXPERTS IN THE FIELD. THE IFD'S NEWSLETTER HIGHLIGHTS SUCCESSFUL DIVERSITY PROGRAMS, FOCUSING ON RECRUITMENT AND RETENTION, NETWORKING AND MENTORING, SUCCESSION PLANNING AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Interim President & CEO (thru 12/2020) | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Immediate Past Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,159,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $765,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,924,080 |
| Total Program Service Revenue | $122,079 |
| Investment income | $7,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,511 |
| 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 | $2,081,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| Grants and other assistance to domestic individuals. | $3,000 |
| 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 | $307,060 |
| Other salaries and wages | $557,784 |
| Pension plan accruals and contributions | $40,295 |
| Other employee benefits | $82,634 |
| Payroll taxes | $84,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,508 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $500,870 |
| Advertising and promotion | $0 |
| Office expenses | $21,715 |
| Information technology | $1,817 |
| Royalties | $0 |
| Occupancy | $92,907 |
| Travel | $9,492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,200 |
| All other expenses | $7,740 |
| Total functional expenses | $1,869,257 |
| 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 Awarded
Over the last fiscal year, Institute For Diversity And Health Management Inc has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL URBAN LEAGUE INC PURPOSE: EXPAND HEALTH CARE LEADERSHIP OPPORTUNITIES FOR ETHNICALLY, CULTURALLY, AND RACIALLY DIVERSE INDIVIDUALS | $20,000 |
UNIDOSUS PURPOSE: EXPAND HEALTH CARE LEADERSHIP OPPORTUNITIES FOR ETHNICALLY, CULTURALLY, AND RACIALLY DIVERSE INDIVIDUALS | $20,000 |