Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $699,741

• 1f · All other contributions, gifts and grants

  $1,644,435

• 1g · Noncash contributions included above

  $50

• 2a · Program service revenue: PATIENT FEES

  total $6,116,923 · related or exempt $6,116,923

• 3 · Investment income

  total $279,125 · excluded $279,125

• 6a · Gross rents

  real property $10,050

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $10,050

• 6d · Net rental income or loss

  total $10,050 · excluded $10,050

• 7a · Gross sales of assets other than inventory

  securities $1,726,714

• 7b · Less cost or other basis and sales expenses

  securities $1,823,143

• 7c · Gain or loss

  securities -$96,429

• 7d · Net gain or loss

  total -$96,429 · excluded -$96,429

• 11a · Other revenue: OTHER INCOME

  total $52,536 · excluded $52,536

• 11e · Other revenue, total

  $52,536

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $994,683 · program services $477,381 · management and general $411,314 · fundraising $105,988

• 7 · Other salaries and wages

  total $4,890,735 · program services $4,227,978 · management and general $629,550 · fundraising $33,207

• 9 · Other employee benefits

  total $545,179 · program services $430,052 · management and general $102,266 · fundraising $12,861

• 10 · Payroll taxes

  total $425,034 · program services $331,518 · management and general $79,684 · fundraising $13,832

• 11c · Fees: accounting

  total $68,921 · program services $7,000 · management and general $61,921

• 11f · Fees: investment management

  total $15,081 · management and general $15,081

• 11g · Fees: other

  total $902,556 · program services $750,697 · management and general $66,417 · fundraising $85,442

• 12 · Advertising and promotion

  total $3,610 · management and general $3,610

• 13 · Office expenses

  total $109,275 · program services $55,437 · management and general $52,208 · fundraising $1,630

• 14 · Information technology

  total $364,542 · program services $284,895 · management and general $70,011 · fundraising $9,636

• 16 · Occupancy

  total $483,254 · program services $360,664 · management and general $122,590

• 17 · Travel

  total $17,230 · program services $11,643 · management and general $5,528 · fundraising $59

• 19 · Conferences, conventions and meetings

  total $46,870 · program services $19,968 · management and general $26,902

• 20 · Interest

  total $2,012 · program services $2,415 · management and general -$403

• 22 · Depreciation, depletion and amortization

  total $346,452 · program services $259,839 · management and general $86,613

• 23 · Insurance

  total $78,679 · program services $50,583 · management and general $28,096

• 24a · Other expenses: VACCINES

  total $148,966 · program services $148,966

• 24b · Other expenses: MEDICAL SUPPLIES

  total $102,014 · program services $102,014

• 24c · Other expenses: MEMBERSHIP DUES

  total $26,626 · program services $10,160 · management and general $16,466

• 24d · Other expenses: LICENSES, PERMITS & CER

  total $5,231 · program services $3,642 · management and general $1,589

• 24e · All other expenses

  total $87,817 · program services $32,698 · management and general $52,810 · fundraising $2,309

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $811,933 · end of year $228,084

• 2 · Savings and temporary cash investments

  beginning of year $353,914 · end of year $76,045

• 3 · Pledges and grants receivable

  beginning of year $150,316 · end of year $182,873

• 4 · Accounts receivable

  beginning of year $264,836 · end of year $402,588

• 9 · Prepaid expenses and deferred charges

  beginning of year $170,552 · end of year $195,434

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

  $13,204,326

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

  $6,601,039

• 10c · Land, buildings and equipment, net

  beginning of year $6,787,024 · end of year $6,603,287

• 11 · Investments: publicly traded securities

  beginning of year $6,543,733 · end of year $6,442,863

• 17 · Accounts payable and accrued expenses

  beginning of year $890,723 · end of year $604,818

• 27 · Net assets without donor restrictions

  beginning of year $12,429,927 · end of year $11,712,003

• 28 · Net assets with donor restrictions

  beginning of year $1,761,658 · end of year $1,814,353

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES IS BASED UPON AN ANNUAL ILLINOIS PRIMARY HEALTHCARE ASSOCIATION (IPHCA) SURVEY. IPHCA IS THE TRADE ORGANIZATION FOR FEDERALLY-FUNDED HEALTH CENTERS (FQHC) STATEWIDE. ALTHOUGH THE INFANT WELFARE SOCIETY IS NOT AN FQHC, THEIR OPERATION IS VERY SIMILAR TO THAT OF AN FQHC. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MAKES SALARY RECOMMENDATIONS FOR TOP MANAGEMENT TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS THEN APPROVES THE COMPENSATION FOR TOP MANAGEMENT.

PART I, LINE 7

THE CHIEF MEDICAL OFFICER RECEIVED A BOARD-APPROVED BONUS TO PAY OFF A PORTION OF OUTSTANDING STUDENT LOANS AS WELL AS THE RELATED TAXES. THE COMPENSATION IS REPORTED ON SCHEDULE J, PART II, COLUMN B(III). IN ADDITION, CERTAIN HIGHLY COMPENSATED EMPLOYEES RECEIVED A DISCRETIONARY BONUS BASED ON PERFORMANCE AND THE FINANCIAL RESULTS OF THE ORGANIZATION.