Skip to content
Nonprofiteer
← SILVER CROSS FOUNDATION

Form 990 for tax year 2022

Filed by SILVER CROSS FOUNDATION.

Totals

Total revenue
$1,421,475
Total expenses
$818,629
Contributions and grants received
$1,456,595
Grants paid
$818,629
Program service revenue
$0
Investment income
$0
Other revenue
-$35,120
Total assets, end of year
$2,276,689
Total liabilities, end of year
$466,296
Net assets or fund balances, end of year
$1,810,393
Program services expenses (Part IX)
$818,629
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$818,629

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $287,800

  • 1f · All other contributions, gifts and grants

    $1,168,795

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $113,770

  • 8a · Fundraising events: contributions included on line 1c

    $287,800

  • 8b · Fundraising events: direct expenses

    $148,890

  • 8c · Net income from fundraising events

    total -$35,120 · excluded -$35,120

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $818,629 · program services $818,629

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $494,112 · end of year $179,490

  • 3 · Pledges and grants receivable

    beginning of year $5,612 · end of year $5,612

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,133 · end of year $15,064

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,804,999 · end of year $2,076,523

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,745 · end of year $31,847

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,083,564 · end of year $434,449

  • 27 · Net assets without donor restrictions

    beginning of year $1,207,547 · end of year $1,810,393

Mission and programs · 2022

Mission

To develop philanthropic support for the healthcare programs and services provided by Silver Cross Hospital.

  • THE EXEMPT PURPOSE OF SILVER CROSS FOUNDATION IS TO RAISE FUNDS FOR SUPPORT OF SILVER CROSS HOSPITAL AND MEDICAL CENTERS.

    Expenses $818,629 · Grants $818,629

As filed on the 2022 return.

Listed in Part VII

  • CRAIG LYONS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JEAN KENOL

    Director (Beg 6/23)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JUDY HAGEMAN

    Director

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN MILLER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • RUTH COLBY

    CEO

    Total calculated
    $1,603,310
    From this org
    $0
    From related orgs
    $1,536,825
    Other
    $66,485
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $816,165 related
    Bonus
    $0 + $509,440 related
    Other
    $0 + $211,220 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $48,185 related
    Filer's total
    $0 + $1,603,310 related

  • STACY HOLLAND

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TIM BORCHERT

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • BEN BENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CLAUDIA AGUIRRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Stevenson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Darius Keblinskas MD

    Director (Beg 5/23)

    Total calculated
    $0
    Hours/week
    1

  • HEATHER VOORN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES PITCAIRN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA CZERKIES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELE VANA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICK TYRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN FRANGELLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACY SIMONS

    Executive Director, Foundation

    Total calculated
    $269,153
    From this org
    $0
    From related orgs
    $223,417
    Other
    $45,736
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,031 related
    Bonus
    $0 + $51,786 related
    Other
    $0 + $600 related
    Deferred
    $0 + $38,021 related
    Nontaxable benefits
    $0 + $7,714 related
    Filer's total
    $0 + $269,153 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE SUPPLEMENTAL EXECUTIVE RETIREMENT PROGRAM (SERP) IS A NON-QUALIFIED DEFERRED COMPENSATION PROGRAM DESIGNED TO PROVIDE ADDITIONAL MARKET COMPETITIVE RETIREMENT BENEFITS THAT TAKE INTO ACCOUNT AN EMPLOYEE'S TOTAL COMPENSATION WITHOUT REGARD TO THE ANNUAL LIMIT ON COMPENSATION THAT APPLIES UNDER QUALIFIED RETIREMENT PLANS. THE BOARD HAS REVIEWED AND APPROVED THE SERP BENEFIT, CONCLUDING THAT IT IS A MARKET-COMPETITIVE BENEFIT AND THAT TOTAL RETIREMENT BENEFITS AND TOTAL COMPENSATION ARE REASONABLE WHEN COMPARED TO EMPLOYEES IN COMPARABLE POSITIONS. FOR THE REPORTING YEAR THE FOLLOWING PERSONS PARTICIPATED IN THE SERP AND RECEIVED THE FOLLOWING PAYMENTS: RUTH COLBY: $195,075

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • UCMCSCH ONCOLOGY JV LLC

    N/A · CANCER DIAGNOSIS AND TREATMENT · IL

    Directly controlled by NA

  • PRIME MEDICAL IMAGING

    N/A · OUTPATIENT RADIOLOGICAL SERVICES · IL

    Directly controlled by NA

  • ESSENTIAL HEALTH PARTNERS LLC

    N/A · HEALTHCARE PROVIDER NETWORK · IL

    Directly controlled by NA

  • SILVER CROSS MSO LLC

    N/A · MANAGED CARE · IL

    Directly controlled by SILVER CROSS HEALTH SYSTEM

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HEALTH SERVICE SYSTEMS INC

    C Corporation · PHYSICIAN SERVICES · IL · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by SILVER CROSS HEALTH SYSTEM

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202412279349303301

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.