Civic Intelligence

Swedishamerican Foundation

990 • Fiscal year 2010 • EIN 36-3097493

Jun 01, 2009 to May 31, 2010 • Filed on Apr 11, 2011

1415 east state street61104-2333
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.46x

Higher debt load relative to assets than 63% of similar nonprofits.

2010 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$15,667,993

No earlier filing loaded for comparison.

Net Assets

$8,526,396

No earlier filing loaded for comparison.

Liabilities

$7,141,597

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$2,007,411

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $15,667,993Liabilities 2010: $7,141,597Net Assets 2010: $8,526,3962010Assets 2011: $16,948,232Liabilities 2011: $8,384,380Net Assets 2011: $8,563,8522011Assets 2012: $15,896,938Liabilities 2012: $9,015,955Net Assets 2012: $6,880,9832012Assets 2013: $18,285,444Liabilities 2013: $9,695,712Net Assets 2013: $8,589,7322013Assets 2014: $19,603,650Liabilities 2014: $769,993Net Assets 2014: $18,833,6572014Assets 2016: $20,972,868Liabilities 2016: $1,453,322Net Assets 2016: $19,519,5462016Assets 2017: $22,633,260Liabilities 2017: $3,328,274Net Assets 2017: $19,304,9862017Assets 2018: $25,636,727Liabilities 2018: $6,028,527Net Assets 2018: $19,608,2002018Assets 2019: $24,415,162Liabilities 2019: $4,023,485Net Assets 2019: $20,391,6772019Assets 2020: $20,389,989Liabilities 2020: $1,321,015Net Assets 2020: $19,068,9742020Assets 2021: $22,583,775Liabilities 2021: $1,651,122Net Assets 2021: $20,932,6532021Assets 2022: $18,457,440Liabilities 2022: $195,543Net Assets 2022: $18,261,8972022Assets 2023: $19,689,408Liabilities 2023: $551,127Net Assets 2023: $19,138,2812023Assets 2024: $21,360,329Liabilities 2024: $620,025Net Assets 2024: $20,740,3042024

Highlighted filing

2010

Assets$15,667,993
Liabilities$7,141,597
Net Assets$8,526,396

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,007,4112010Expenses 2011: $2,718,7222011Expenses 2012: $1,656,9062012Expenses 2013: $1,982,0702013Revenue 2014: $1,283,804Expenses 2014: $1,908,935Net Income 2014: -$625,1312014Revenue 2016: $1,646,255Expenses 2016: $1,701,088Net Income 2016: -$54,8332016Revenue 2017: $1,156,301Expenses 2017: $3,069,295Net Income 2017: -$1,912,9942017Revenue 2018: $5,653,485Expenses 2018: $3,467,825Net Income 2018: $2,185,6602018Revenue 2019: $2,079,349Expenses 2019: $2,024,740Net Income 2019: $54,6092019Revenue 2020: $1,202,035Expenses 2020: $2,343,871Net Income 2020: -$1,141,8362020Revenue 2021: $1,521,506Expenses 2021: $2,626,245Net Income 2021: -$1,104,7392021Revenue 2022: $1,685,622Expenses 2022: $1,152,498Net Income 2022: $533,1242022Revenue 2023: $615,790Expenses 2023: $761,885Net Income 2023: -$146,0952023Revenue 2024: $1,151,588Expenses 2024: $868,741Net Income 2024: $282,8472024

Highlighted filing

2010

Revenue-
Expenses$2,007,411
Net Income-
Jump To
Filing Snapshot
Filing Period
Jun 1, 2009 to May 31, 2010
Signed
Apr 11, 2011
Return Version
2009v1.7
Gross Receipts
$3,304,986
Mission and Program Overview

Mission

The SwedishAmerican Foundation is the fund development and charitable gifts arm of the SwedishAmerican Health System. The Foundation solicits and collects gifts from individuals, organizations, and corporations primarily within the greater Rockford community and surrounding counties, and uses that money to create and support programs and programming which help make the greater Rockford area a healthier place within which to live, work, worship and raise families, and to assist SwedishAmerican Hospital and its subsidiaries in the provision of superior care for its patients.

Major Activities

Activity 2
swedishamerican foundation (saf) provided a grant totaling $229,721 to swedishamerican hospital toward a major renovation of sa hospital commons cafeteria which serves as the dining area for visitors, employees and volunteers of swedishamerican hospital. the sa commons cafeteria was last updated more than 20 years ago. upgrades to the servery were designed to service employees, volunteers and visitors who are "on-the-go" by creating buffet-style food stations with healthy, lighter foods and a larger, brighter dining area adjoining the servery.
Activity 3
beginning in 2004, swedishamerican foundation's (SAF) board approved $360,000 to be designated as funding for the neighborhood revitalization program. the swedishamerican foundation has purchased a total of 17 older homes in the six block area surrounding swedishamerican hospital for the purpose of making them available to employees, firefighters, police officers, and public school teachers at a price less than cost of purchase and repairs. to date, 17 of these homes were sold to employee owner-occupants. during fiscal year 2010, saf purchased 3 additional homes in the swedishamerican hospital target area and began renovations on them. purchase and renovation costs for the year totaled $206,346. these funds are put back into the program when the renovated homes are sold.
Filing and Contact Details

Filer

EIN
36-3097493
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IRS990/Activity2/Description0swedishamerican foundation (saf) provided a grant totaling $229,721 to swedishamerican hospital toward a major renovation of sa hospital commons cafeteria which serves as the dining area for visitors, employees and volunteers of swedishamerican hospital. the sa commons cafeteria was last updated more than 20 years ago. upgrades to the servery were designed to service employees, volunteers and visitors who are "on-the-go" by creating buffet-style food stations with healthy, lighter foods and a larger, brighter dining area adjoining the servery.
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IRS990/Activity3/Description0beginning in 2004, swedishamerican foundation's (SAF) board approved $360,000 to be designated as funding for the neighborhood revitalization program. the swedishamerican foundation has purchased a total of 17 older homes in the six block area surrounding swedishamerican hospital for the purpose of making them available to employees, firefighters, police officers, and public school teachers at a price less than cost of purchase and repairs. to date, 17 of these homes were sold to employee owner-occupants. during fiscal year 2010, saf purchased 3 additional homes in the swedishamerican hospital target area and began renovations on them. purchase and renovation costs for the year totaled $206,346. these funds are put back into the program when the renovated homes are sold.
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IRS990/ActivityOther/Description0one of the most complex healthcare issues to many medicare beneficiaries relates to medicare billing issues. SA health System has employed a full-time medicare counselor fee-free to the public for the last 25 years. this service, now offered through the SA foundation, is available at both the rockford and bevlidere campuses. while many other hospitals have dsicontinued this public service, sa foundation continues the swedishamerican tradition of offering this priceless service to medicare beneficiaries regardless of their ability to pay for such services. although many of those accessing this free benefit live within our community, this unique service is not limited to patients of swedsihamerican hospital but has even drawn medicare beneficiaries whose healthcare services were performed at hospitals and clinics as far away as rochester, minnesota.as an outreach of SA hospital, the sa foundation recognizes the needs of our retired and current employees and their families in addition to those who reside within the rockford, belvidere and surrounding areas. some of the many community outreach services provided by SA foundation during this fiscal year include: 1) underwriting the cost mailing swedishamerican's informational newsletter to retired employees of swedishamerican health system; 2) providing will-writing and retirement planning services to employees to help prepare for their future needs; 3) sponsoring the cost of school physicals for school-age children at east high school and comprehensive heart exams for belvidere high school athletes; and 4) by contributing $55,000 in community grants and over $57,000 in sponorship donations to other not-for-profit organizations many who provide other health and quality of life/living services and benefits to our community.
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IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired01
IRS990ScheduleD/BoardDesignatedEOYBalance00.00000
IRS990ScheduleD/Buildings/BookValue01181855
IRS990ScheduleD/Buildings/Depreciation0383320
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis01565175
IRS990ScheduleD/CurrentYear/BeginningOfYearBalance05098504
IRS990ScheduleD/CurrentYear/Contributions013425
IRS990ScheduleD/CurrentYear/EndOfYearBalance05553681
IRS990ScheduleD/CurrentYear/InvestmentEarningsOrLosses0457938
IRS990ScheduleD/CurrentYearMinus1Year/BeginningOfYearBalance06059940
IRS990ScheduleD/CurrentYearMinus1Year/Contributions014405
IRS990ScheduleD/CurrentYearMinus1Year/EndOfYearBalance05098504
IRS990ScheduleD/CurrentYearMinus1Year/InvestmentEarningsOrLosses0-958754
IRS990ScheduleD/CurrentYearMinus1Year/OtherExpenditures017087
IRS990ScheduleD/CurrentYear/OtherExpenditures016185
IRS990ScheduleD/EndowmentsHeldByRelatedOrgs00
IRS990ScheduleD/EndowmentsHeldByUnrelatedOrgs01
IRS990ScheduleD/Equipment/BookValue0130352
IRS990ScheduleD/Equipment/Depreciation0252194
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis0382546
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation01) needs of family birthplace. 2) medical and non-medical health improvement initiatives. 3) rehabilitation or orthopedic programming and services within the greater rockford community. 4) onocology patient services. 5) educational materials for families of oncology patients. 6) chaplaincy program including grief services and counseling. 7) cardiology services. 8) underwrite the operating costs for medicare counseling office.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1there is no fin 48 liability and as such the organization's consolidated financial statements do not include a fin 48 footnote.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0Part V, Line 4:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1Part X:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0Description of Intended Use of Endowment Funds:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference1Description of Uncertain Tax Positions Under FIN 48:
IRS990ScheduleD/Land/BookValue0477034
IRS990ScheduleD/Land/OtherCostOrOtherBasis0477034
IRS990ScheduleD/LeaseholdImprovements/BookValue07268
IRS990ScheduleD/LeaseholdImprovements/Depreciation07894
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis015162
IRS990ScheduleD/OtherAssets/BookValue03973519
IRS990ScheduleD/OtherAssets/BookValue1517089
IRS990ScheduleD/OtherAssets/BookValue218249
IRS990ScheduleD/OtherAssets/Description0BENEFICIAL INTEREST IN TRUST ASSETS
IRS990ScheduleD/OtherAssets/Description1CONTRIBUTION RECEIVABLE FROM LEAD TRUST
IRS990ScheduleD/OtherAssets/Description2interest receivable
IRS990ScheduleD/OtherLandBuildings/BookValue077982
IRS990ScheduleD/OtherLandBuildings/Depreciation042753
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0120735
IRS990ScheduleD/OtherLiabilities/Amount0559780
IRS990ScheduleD/OtherLiabilities/Amount16450778
IRS990ScheduleD/OtherLiabilities/Amount220548
IRS990ScheduleD/OtherLiabilities/Description0charitable trust liability
IRS990ScheduleD/OtherLiabilities/Description1DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilities/Description2other liabilities
IRS990ScheduleD/PermanentEndowmentEOYBalance00.93000
IRS990ScheduleD/TermEndowmentEOYBalance00.07000
IRS990ScheduleD/TotalBookValueOtherAssets04508857
IRS990ScheduleD/TotalOfAmounts07031106
IRS990ScheduleD/TotalOfBookValueLandBuildings01874491
IRS990ScheduleG/EventsInformation/CharitableContributionsEvent1054607
IRS990ScheduleG/EventsInformation/CharitableContributionsTotal054607
IRS990ScheduleG/EventsInformation/DirectExpenseSummaryEvents071788
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent10126395
IRS990ScheduleG/EventsInformation/GrossReceiptsTotal0126395
IRS990ScheduleG/EventsInformation/GrossRevenueEvent1071788
IRS990ScheduleG/EventsInformation/GrossRevenueTotalEvents071788
IRS990ScheduleG/EventsInformation/NameOfEvent10cruise fundraising
IRS990ScheduleG/EventsInformation/NetIncomeSummary00
IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent1071788
IRS990ScheduleG/EventsInformation/OtherDirectExpensesTotalEvents071788
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Schedule I, Part I, Line 2: the amounts are general assistance and no ongoing grant monitoring is required.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0Procedure for Monitoring Grants in the U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0Part I, Line 2:

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.4$0.62$20.7$1.15$0.87$0.28
2023Detailed filing. Detailed filing data is available for this year.$19.7$0.55$19.1$0.62$0.76$0.15
2022Detailed filing. Detailed filing data is available for this year.$18.5$0.20$18.3$1.69$1.15$0.53
2021Detailed filing. Detailed filing data is available for this year.$22.6$1.65$20.9$1.52$2.63$1.10
2020Detailed filing. Detailed filing data is available for this year.$20.4$1.32$19.1$1.20$2.34$1.14
2019Detailed filing. Detailed filing data is available for this year.$24.4$4.02$20.4$2.08$2.02$0.05
2018Detailed filing. Detailed filing data is available for this year.$25.6$6.03$19.6$5.65$3.47$2.19
2017Detailed filing. Detailed filing data is available for this year.$22.6$3.33$19.3$1.16$3.07$1.91
2016Detailed filing. Detailed filing data is available for this year.$21.0$1.45$19.5$1.65$1.70$0.05
2014Detailed filing. Detailed filing data is available for this year.$19.6$0.77$18.8$1.28$1.91$0.63
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$9.70$8.59$1.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$9.02$6.88$1.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$8.38$8.56$2.72
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$7.14$8.53$2.01