Civic Intelligence

Michael Reese Research and Education Foundation

990 • Fiscal year 2016 • EIN 36-3761674

Sep 01, 2015 to Aug 31, 2016 • Filed on Mar 20, 2017

2240 W Ogden AveChicago, IL 60612

(312) 768-6096

Siviq Scores

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

Liabilities / Assets

37th percentile

0.08x

Higher debt load relative to assets than 37% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.23x

Higher debt load relative to revenue than 55% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

85th percentile

28%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$89,890

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

72nd percentile

9.1%

Faster asset growth than 72% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

82nd percentile

24%

Faster revenue growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$7,355,062

Up $615,797 (+9.1%) from 2015

Net Assets

Up

$6,754,269

Up $768,068 (+13%) from 2015

Liabilities

Down

$600,793

Down $152,271 (-20%) from 2015

Revenue

Up

$2,638,531

Up $513,522 (+24%) from 2015

Expenses

Down

$1,909,477

Down $209,746 (-9.9%) from 2015

Net Income

Up

$729,054

Up $723,268 (+12500%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $4,696,349Liabilities 2011: $431,327Net Assets 2011: $4,265,0222011Assets 2012: $4,776,475Liabilities 2012: $983,871Net Assets 2012: $3,792,6042012Assets 2013: $5,428,309Liabilities 2013: $750,996Net Assets 2013: $4,677,3132013Assets 2014: $5,972,302Liabilities 2014: $547,981Net Assets 2014: $5,424,3212014Assets 2015: $6,739,265Liabilities 2015: $753,064Net Assets 2015: $5,986,2012015Assets 2016: $7,355,062Liabilities 2016: $600,793Net Assets 2016: $6,754,2692016Assets 2017: $9,119,197Liabilities 2017: $1,555,524Net Assets 2017: $7,563,6732017Assets 2018: $13,715,902Liabilities 2018: $2,326,900Net Assets 2018: $11,389,0022018Assets 2019: $14,240,334Liabilities 2019: $2,624,893Net Assets 2019: $11,615,4412019Assets 2020: $19,607,273Liabilities 2020: $1,815,965Net Assets 2020: $17,791,3082020Assets 2021: $25,901,146Liabilities 2021: $3,738,486Net Assets 2021: $22,162,6602021Assets 2022: $14,498,150Liabilities 2022: $3,052,329Net Assets 2022: $11,445,8212022Assets 2023: $15,191,603Liabilities 2023: $2,440,669Net Assets 2023: $12,750,9342023Assets 2024: $15,652,009Liabilities 2024: $1,711,833Net Assets 2024: $13,940,1762024

Highlighted filing

2016

Assets$7,355,062
Liabilities$600,793
Net Assets$6,754,269

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,621,9672011Expenses 2012: $2,698,4742012Expenses 2013: $1,813,1452013Revenue 2014: $2,822,866Expenses 2014: $1,942,566Net Income 2014: $880,3002014Revenue 2015: $2,125,009Expenses 2015: $2,119,223Net Income 2015: $5,7862015Revenue 2016: $2,638,531Expenses 2016: $1,909,477Net Income 2016: $729,0542016Revenue 2017: $3,176,215Expenses 2017: $3,067,715Net Income 2017: $108,5002017Revenue 2018: $3,402,120Expenses 2018: $3,118,738Net Income 2018: $283,3822018Revenue 2019: $2,862,420Expenses 2019: $2,817,342Net Income 2019: $45,0782019Revenue 2020: $2,629,756Expenses 2020: $2,289,517Net Income 2020: $340,2392020Revenue 2021: $3,650,987Expenses 2021: $4,465,099Net Income 2021: -$814,1122021Revenue 2022: $2,875,263Expenses 2022: $3,224,652Net Income 2022: -$349,3892022Revenue 2023: $2,475,281Expenses 2023: $2,717,002Net Income 2023: -$241,7212023Revenue 2024: $2,595,772Expenses 2024: $2,842,382Net Income 2024: -$246,6102024

Highlighted filing

2016

Revenue$2,638,531
Expenses$1,909,477
Net Income$729,054
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Mar 20, 2017
Return Version
2015v3.0
Gross Receipts
$5,361,043
Mission and Program Overview

Mission

The research and education foundation conducts medical research, education, and community services for various areas of medicine including, but not limited to, oncology research, cardiovascular research, and healthcare delivery.

Conduct medical research, education and community service for various areas of medicine, including, but not limited to, oncology research, cardiovascular research and healthcare delivery.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,167,575$5,818,027▲ $650,452
Pledges and Grants Receivable$620,355$909,667▲ $289,312
Savings and Temporary Cash Investments$866,572$496,929▼ $369,643
Cash and Non-Interest-Bearing Accounts$44,555$80,885▲ $36,330
Inventories for Sale or Use$33,360$49,554▲ $16,194
Total Assets$6,739,265$7,355,062▲ $615,797
Other Assets Total$6,848$0▼ $6,848
Liabilities
Accounts Payable and Accrued Expenses$497,457$580,186▲ $82,729
Grants Payable$250,000$15,000▼ $235,000
Escrow Account Liability$5,607$5,607→ $0
Total Liabilities$753,064$600,793▼ $152,271
Net Assets / Fund Balance
Unrestricted Net Assets$5,160,294$5,940,137▲ $779,843
Temporarily Rstr Net Assets$503,907$492,132▼ $11,775
Permanently Rstr Net Assets$322,000$322,000→ $0
Total Net Assets Fund Balance$5,986,201$6,754,269▲ $768,068
Total Liabilities and Net Assets / Fund Balance$6,739,265$7,355,062▲ $615,797

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$689,299-▲ $24,399-$713,698
2014$652,617-▲ $36,682-$689,299
2013$610,366-▲ $42,251-$652,617
2012$548,283-▲ $62,083-$610,366
2011$504,849-▲ $43,434-$548,283
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William Clark PhdExecutive DirectorPT$87,105$2,785$89,890

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,233,757
Program Service Revenue
$33,160
Investment Income
$401,839
Other Revenue
$969,775
All Other Contributions
$51,456
Change in Net Assets
$729,054

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,638,531
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,688,353
Total Revenue per Audited Statements
$4,326,884
Total Revenue per Form 990
$2,638,531
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,353,584
Salaries, Compensation, and Employee Benefits$525,393
Grants and Similar Amounts Paid$30,500
Total Fundraising Expense$5,078
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$755,812$8,689$5,078$769,579
Comp Disqual Persons$202,531$140,015-$342,546
Fees for Services Management$102,189--$102,189
Current Officers, Directors, Trustees, and Key Employees$58,186$31,704-$89,890
Occupancy$51,281$20,004-$71,285
Other Employee Benefits$34,115$22,497-$56,612
Insurance$30,504$9,535-$40,039
Fees for Service Investment Mgmnt Fees$38,684--$38,684
Fees for Services Accounting-$32,100-$32,100
Payroll Taxes$18,837$12,421-$31,258
Grants to Domestic Orgs$30,500--$30,500
Conferences and Meetings$7,846$4,256-$12,102
All Other Expenses$4,933$5,087-$10,020
Other Expenses$1,200$8,477-$9,677
Pension Plan Contributions$2,941$2,146-$5,087
Total Functional Expenses$1,605,246$299,153$5,078$1,909,477

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,558,816
Expenses per Audited Statements$1,909,477
Total Expenses per Form 990$1,909,477
Expenses Not Reported on Form 990$1,649,339
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
hispanocare incchicago, IL501(c)(3)scholarships$30,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

Fiscal management of the HIV Care program is performed by Hektoen, an unrelated tax exempt entity.

Form 990, Part VI, Section B, line 11

The board of directors reviews the form 990 prior to its filing.

Form 990, Part VI, Section B, line 12C

The foundation requires an annual assessment of any potential conflicts of interest.

Form 990, Part VI, Section B, line 15

The process for determining compensation requires review by the executive committee, the use of comparable data, as well as contemporaneous substantiation of the deliberation and decision.

Form 990, Part VI, Section C, line 19

The foundation makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Michael Reese Research and Education
EIN
36-3761674
Phone
3127686096
Address
2240 W OGDEN AVE, CHICAGO, IL 60612

Signing Officer

Name
William a Clark
Title
President
Phone
3127686096
Signed
2017-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William a Clark
Formed
1991
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
9

Preparer

Firm
Plante & Moran Pllc
Address
10 S Riverside Plaza 9th Floor, Chicago, IL 60606
Preparer
Kimberly A Haumann
Phone
3122071040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

consulting: Program service expenses 515. Management and general expenses 8,689. Fundraising expenses 5,078. Total expenses 14,282. other contractual services: Program service expenses 755,297. Management and general expenses 0. Fundraising expenses 0. Total expenses 755,297.

Financial Statement Notes

Part IV, Line 2B:

The foundation holds several fund accounts on behalf of other parties which are grants or contracts not specifically awarded to the foundation, but which the foundation has agreed to manage for the investigators. These funds include funds for ob/gyn research, medical staff, a hospice donation account, a cardiology research account, and a pathology account. The foundation receives a small administrative fee for these management services.

Part V, Line 4:

To fund the foundation's operations

Part X, Line 2:

The foundation is exempt from federal income taxes under section 501(c)(3) of the united states internal revenue code. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities.

Part XI, Line 2D - Other Adjustments:

sale of inventory expenses 1,649,339.

Part XII, Line 2D - Other Adjustments:

sale of inventory expenses 1,649,339.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE RESEARCH AND EDUCATION FOUNDATION CONDUCTS MEDICAL RESEARCH, EDUCATION, AND COMMUNITY SERVICES FOR VARIOUS AREAS OF MEDICINE INCLUDING, BUT NOT LIMITED TO, ONCOLOGY RESEARCH, CARDIOVASCULAR RESEARCH, AND HEALTHCARE DELIVERY.
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IRS990/NetAssetsOrFundBalancesBOYAmt05986201
IRS990/NetAssetsOrFundBalancesEOYAmt06754269
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0353112
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0353112
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0969775
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0969775
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt039014
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt020004
IRS990/OccupancyGrp/ProgramServicesAmt051281
IRS990/OccupancyGrp/TotalAmt071285
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06848
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022497
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt034115
IRS990/OtherEmployeeBenefitsGrp/TotalAmt056612
IRS990/OtherExpensesGrp/Desc0PATHOLOGY & RADIOLOGY
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2PROGRAM MATCH
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02222
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18477
IRS990/OtherExpensesGrp/ProgramServicesAmt0202533
IRS990/OtherExpensesGrp/ProgramServicesAmt137711
IRS990/OtherExpensesGrp/ProgramServicesAmt225443
IRS990/OtherExpensesGrp/ProgramServicesAmt31200
IRS990/OtherExpensesGrp/TotalAmt0202533
IRS990/OtherExpensesGrp/TotalAmt139933
IRS990/OtherExpensesGrp/TotalAmt225443
IRS990/OtherExpensesGrp/TotalAmt39677
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012421
IRS990/PayrollTaxesGrp/ProgramServicesAmt018837
IRS990/PayrollTaxesGrp/TotalAmt031258
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02146
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02941
IRS990/PensionPlanContributionsGrp/TotalAmt05087
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0322000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0322000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0620355
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0909667
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0WILLIAM A CLARK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541700
IRS990/ProgramServiceRevenueGrp/Desc0REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt033160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt033160
IRS990/ProgSrvcAccomActy2Grp/Desc0WOMEN'S HEALTHTHE WOMEN'S HEALTH PROGRAM PROVIDES FREE SCREENING MAMMOGRAMS AND CERVICAL SCREENINGS AS WELL AS DIAGNOSTIC FOLLOW-UP SERVICES TO UNINSURED WOMEN, REGARDLESS OF INCOME. FOR WOMEN WHO ARE DIAGNOSED WITH BREAST OR CERVICAL CANCER, SURGERY, TREATMENT, MEDICATIONS AND RECONSTRUCTIVE BREAST SURGERY ARE ALSO PROVIDED.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0385184
IRS990/ProgSrvcAccomActy3Grp/Desc0340B DRUG PURCHASING PROGRAM - THE FOUNDATION ENTERED INTO AN AGREEMENT WITH A THIRD PARTY TO FACILITATE THE PARTICIPATION IN THE 340B DRUG PURCHASING PROGRAM WITHOUT THE NEED TO ESTABLISH AND OPERATE ITS OWN PHARMACY. OUTPATIENTS OF THE CLINICS WHO ARE ELIGIBLE CAN PURCHASE OR RECEIVE COVERED 340B DRUGS.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0969775
IRS990/ProgSrvcAccomActyOtherGrp/Desc0COMMUNITY OUTREACHTHE COMMUNITY OUTREACH PROGRAM PROVIDES BREAST CANCER AND PROSTATE CANCER AWARENESS WORKSHOPS AND SCREENINGS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Hispanocare Scholarship program
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt039574
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt130500
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt030500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01330498
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0286541
IRS990/PYInvestmentIncomeAmt032594
IRS990/PYOtherExpensesAmt01235529
IRS990/PYOtherRevenueAmt0699223
IRS990/PYProgramServiceRevenueAmt062694
IRS990/PYRevenuesLessExpensesAmt05786
IRS990/PYSalariesCompEmpBnftPaidAmt0597153
IRS990/PYTotalExpensesAmt02119223
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02125009
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0729054
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0866572
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0496929
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01233757
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01330498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01332419
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01270365
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01372426
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06539465
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt048727
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt048291
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt057429
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt065565
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt063863
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0283875
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07313876
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt053683
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt098
IRS990ScheduleA/OtherIncome170Grp/TotalAmt053781
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95090
IRS990ScheduleA/PublicSupportPY170Pct00.94620
IRS990ScheduleA/PublicSupportTotal170Amt06539465
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01233757
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01330498
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01332419
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01270365
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01372426
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06539465
IRS990ScheduleA/TotalSupportAmt06877121
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0689299
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0713698
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt024399
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0652617
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0689299
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt036682
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0610366
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0652617
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt042251
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0548283
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0610366
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt062083
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0504849
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0548283
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt043434
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt01649339
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01909477
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/NetUnrealizedGainsInvstAmt039014
IRS990ScheduleD/OtherExpensesIncludedAmt01649339
IRS990ScheduleD/OtherRevenueAmt01649339
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.45120
IRS990ScheduleD/RevenueNotReportedAmt01688353
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02638531
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HOLDS SEVERAL FUND ACCOUNTS ON BEHALF OF OTHER PARTIES WHICH ARE GRANTS OR CONTRACTS NOT SPECIFICALLY AWARDED TO THE FOUNDATION, BUT WHICH THE FOUNDATION HAS AGREED TO MANAGE FOR THE INVESTIGATORS. THESE FUNDS INCLUDE FUNDS FOR OB/GYN RESEARCH, MEDICAL STAFF, A HOSPICE DONATION ACCOUNT, A CARDIOLOGY RESEARCH ACCOUNT, AND A PATHOLOGY ACCOUNT. THE FOUNDATION RECEIVES A SMALL ADMINISTRATIVE FEE FOR THESE MANAGEMENT SERVICES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TO FUND THE FOUNDATION'S OPERATIONS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2The foundation is exempt from federal income taxes under section 501(c)(3) of the united states internal revenue code. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3sale of inventory expenses 1,649,339.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4sale of inventory expenses 1,649,339.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.54880
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01909477
IRS990ScheduleD/TotalRevenuePerForm990Amt02638531
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04326884
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03558816
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt030000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0scholarships
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0hispanocare inc
IRS990ScheduleI/RecipientTable/RecipientEIN0363606486
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0836 w Wellington Ave
IRS990ScheduleI/RecipientTable/USAddress/CityNm0chicago
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060657
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0RECORDS ARE MAINTAINED ON GRANTS INCLUDING A LISTING OF ALL RECIPIENTS AND AWARD AMOUNTS. IN ADDITION, BOARD MEMBERS ARE INVITED TO MEET THE SCHOLARSHIP AWARD WINNERS ON AN ANNUAL BASIS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.7$1.71$13.9$2.60$2.84$0.25
2023Detailed filing. Detailed filing data is available for this year.$15.2$2.44$12.8$2.48$2.72$0.24
2022Detailed filing. Detailed filing data is available for this year.$14.5$3.05$11.4$2.88$3.22$0.35
2021Detailed filing. Detailed filing data is available for this year.$25.9$3.74$22.2$3.65$4.47$0.81
2020Detailed filing. Detailed filing data is available for this year.$19.6$1.82$17.8$2.63$2.29$0.34
2019Detailed filing. Detailed filing data is available for this year.$14.2$2.62$11.6$2.86$2.82$0.05
2018Detailed filing. Detailed filing data is available for this year.$13.7$2.33$11.4$3.40$3.12$0.28
2017Detailed filing. Detailed filing data is available for this year.$9.12$1.56$7.56$3.18$3.07$0.11
2016Detailed filing. Detailed filing data is available for this year.$7.36$0.60$6.75$2.64$1.91$0.73
2015Detailed filing. Detailed filing data is available for this year.$6.74$0.75$5.99$2.13$2.12$0.01
2014Detailed filing. Detailed filing data is available for this year.$5.97$0.55$5.42$2.82$1.94$0.88
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$0.75$4.68$1.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.78$0.98$3.79$2.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$0.43$4.27$1.62
Peer Organizations

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