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Nonprofiteer
← THE BLESSING FOUNDATION INC

Form 990 for tax year 2022

Filed by THE BLESSING FOUNDATION INC.

Totals

Total revenue
$5,029,498
Total expenses
$3,721,981
Contributions and grants received
$621,059
Grants paid
$2,026,993
Program service revenue
$0
Investment income
$310,439
Other revenue
$4,098,000
Total assets, end of year
$80,379,218
Total liabilities, end of year
$30,815,705
Net assets or fund balances, end of year
$49,563,513
Program services expenses (Part IX)
$2,026,993
Management and general expenses
$1,548,516
Fundraising expenses
$146,472
Program service expenses (Part III)
$2,026,993

Program services were 54.5% 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.

  • 1f · All other contributions, gifts and grants

    $621,059

  • 3 · Investment income

    total $1,044,474 · excluded $1,044,474

  • 6a · Gross rents

    real property $5,762,776

  • 6b · Less rental expenses

    real property $1,685,157

  • 6c · Rental income or loss

    real property $4,077,619

  • 6d · Net rental income or loss

    total $4,077,619 · related or exempt $4,077,619

  • 7a · Gross sales of assets other than inventory

    securities $9,343,839

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

    securities $10,077,874

  • 7c · Gain or loss

    securities -$734,035

  • 7d · Net gain or loss

    total -$734,035 · excluded -$734,035

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $20,381 · related or exempt $20,381

  • 11e · Other revenue, total

    $20,381

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,026,993 · program services $2,026,993

  • 11b · Fees: legal

    total $14,248 · management and general $14,248

  • 11c · Fees: accounting

    total $11,200 · management and general $11,200

  • 11f · Fees: investment management

    total $157,334 · management and general $157,334

  • 11g · Fees: other

    total $351 · management and general $351

  • 12 · Advertising and promotion

    total $100,000 · management and general $100,000

  • 13 · Office expenses

    total $10,084 · management and general $10,084

  • 14 · Information technology

    total $11,842 · fundraising $11,842

  • 17 · Travel

    total $1,044 · management and general $1,044

  • 20 · Interest

    total $969,852 · management and general $969,852

  • 24a · Other expenses: CONTRACTED SERVICES

    total $363,415 · management and general $237,757 · fundraising $125,658

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $46,603 · management and general $46,603

  • 24c · Other expenses: POSTAGE AND SHIPPING

    total $5,237 · management and general $43 · fundraising $5,194

  • 24d · Other expenses: DONOR RECOGNITION

    total $3,778 · fundraising $3,778

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,679,173 · end of year $2,343,221

  • 3 · Pledges and grants receivable

    beginning of year $559,564 · end of year $321,695

  • 4 · Accounts receivable

    beginning of year $121,704 · end of year $5,899

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

    $46,509,043

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

    $10,064,640

  • 10c · Land, buildings and equipment, net

    beginning of year $37,591,506 · end of year $36,444,403

  • 11 · Investments: publicly traded securities

    beginning of year $36,717,297 · end of year $41,233,171

  • 15 · Other assets

    beginning of year $40,368 · end of year $30,829

  • 17 · Accounts payable and accrued expenses

    beginning of year $235,318 · end of year $351,502

  • 19 · Deferred revenue

    beginning of year $14,336 · end of year $12,584

  • 20 · Tax-exempt bond liabilities

    beginning of year $25,169,848 · end of year $23,502,990

  • 23 · Secured mortgages and notes payable

    beginning of year $7,114,493 · end of year $6,849,120

  • 25 · Other liabilities

    beginning of year $102,458 · end of year $99,509

  • 27 · Net assets without donor restrictions

    beginning of year $35,323,628 · end of year $40,149,295

  • 28 · Net assets with donor restrictions

    beginning of year $8,749,531 · end of year $9,414,218

Mission and programs · 2022

Mission

FOUNDED IN 1983, THE BLESSING FOUNDATION RAISES, MAINTAINS, AND DISBURSES CHARITABLY DONATED FUNDS FOR THE BENEFIT OF BLESSING HEALTH SYSTEM.

  • THE PURPOSES FOR WHICH THE BLESSING FOUNDATION, INC. IS ORGANIZED ARE EXCLUSIVELY CHARITABLE, SCIENTIFIC, OR EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION SHALL PROMOTE AND SUPPORT, BY DONATION, LOAN OR OTHERWISE, THE INTERESTS AND PURPOSES OF BLESSING HOSPITAL, BLESSING CORPORATE SERVICES, INC., BLESSINGCARE CORPORATION DBA ILLINI COMMUNITY HOSPITAL, OR OTHER ORGANIZATIONS WHICH PROVIDE HEALTH CARE OR CONDUCT EDUCATION OR RESEARCH, PROVIDED, HOWEVER, THAT ANY SUCH ORGANIZATION SUPPORTED BY THE CORPORATION SHALL IN ALL EVENTS NOT BE A PRIVATE FOUNDATION AND BE AS DEFINED IN SECTION 501(C)(3) AND EITHER SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED; AND THE CORPORATION SHALL RAISE FUNDS FOR ANY OR ALL OF THE ORGANIZATIONS DESCRIBED ABOVE FROM THE PUBLIC AND FROM ALL OTHER SOURCES AVAILABLE, AND SHALL RECEIVE, MAINTAIN, AND ADMINISTER SUCH FUNDS AND EXPEND PRINCIPAL AND INCOME THEREFROM IN FURTHERANCE OF THESE PURPOSES. THE FOLLOWING LISTS SPECIFIC EXPENDITURES IN REGARDS TO THE PURPOSE LISTED ABOVE. BLESSING HOSPITAL - FINANCIAL AID FOR STUDENT NURSES OF 1,600,000 BLESSING-RIEMAN COLLEGE OF NURSING BLESSING HOSPITAL - EMPLOYEE CRISIS/CARING CLUB FUND 139,763 BLESSING HOSPITAL - STUDENT WORKER SUPPORT FOR BLESSING- 95,000 RIEMAN COLLEGE OF NURSING BLESSING HOSPITAL - TERESA ADAMS HOUSE BUILDING - 63,610 OPERATING FUNDS BLESSING HOSPITAL - HOSPICE AND PALLIATIVE CARE 50,000 BLESSING HOSPITAL - EARLY LEARNING CENTER SCHOLARSHIPS 30,000 BLESSING HOSPITAL - FACULTY AND EMPLOYEE DEVELOPMENT FOR 18,000 BLESSING-RIEMAN COLLEGE OF NURSING BLESSING HOSPITAL - REHABILITATION INTERN PROGRAM 9,000 BLESSING HOSPITAL - BARIATRIC MANIKIN 8,499 BLESSING HOSPITAL - SPEAKER AT BLESSING-RIEMAN COLLEGE 4,500 OF NURSING EDUCATIONAL EVENT BLESSING HOSPITAL - HOSPICE MUSIC 4,000 BLESSING HOSPITAL - STOCKED CRASH CART 3,690 QUINCY UNIVERSITY - FRANCES WATERKOTTE GRANT 700 BLESSING HOSPITAL - CARING CUPBOARD FOR BLESSING-RIEMAN 231 COLLEGE OF NURSING TOTAL 2,026,993

    Expenses $2,026,993 · Grants $2,026,993

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Maureen A Kahn Retired 72023

    TRUSTEE

    Total calculated
    $1,254,730
    From this org
    $0
    From related orgs
    $1,032,262
    Other
    $222,468
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $837,017 related
    Bonus
    not reported
    Other
    not reported + $195,245 related
    Deferred
    not reported + $188,501 related
    Nontaxable benefits
    not reported + $33,967 related
    Filer's total
    not reported + $1,254,730 related

  • Patrick M Gerveler

    PRESIDENT

    Total calculated
    $785,917
    From this org
    $0
    From related orgs
    $641,872
    Other
    $144,045
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $526,907 related
    Bonus
    not reported
    Other
    not reported + $114,965 related
    Deferred
    not reported + $115,294 related
    Nontaxable benefits
    not reported + $28,751 related
    Filer's total
    not reported + $785,917 related

  • Brian T Canfield

    TRUSTEE

    Total calculated
    $540,997
    From this org
    $0
    From related orgs
    $525,747
    Other
    $15,250
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $501,024 related
    Bonus
    not reported
    Other
    not reported + $24,723 related
    Deferred
    not reported + $15,250 related
    Nontaxable benefits
    not reported + $2,139 related
    Filer's total
    not reported + $540,997 related

  • Timothy A Moore Retired 22023

    VP/TREASURER

    Total calculated
    $366,307
    From this org
    $0
    From related orgs
    $330,256
    Other
    $36,051
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $306,730 related
    Bonus
    not reported
    Other
    not reported + $23,526 related
    Deferred
    not reported + $14,396 related
    Nontaxable benefits
    not reported + $28,117 related
    Filer's total
    not reported + $366,307 related

  • Justin R Hale

    VP/TREASURER

    Total calculated
    $207,197
    From this org
    $0
    From related orgs
    $169,516
    Other
    $37,681
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $154,979 related
    Bonus
    not reported + $2,511 related
    Other
    not reported + $12,026 related
    Deferred
    not reported + $7,098 related
    Nontaxable benefits
    not reported + $31,686 related
    Filer's total
    not reported + $207,197 related

  • Mary Ann Dickson

    SECRETARY

    Total calculated
    $195,394
    From this org
    $0
    From related orgs
    $170,675
    Other
    $24,719
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $155,525 related
    Bonus
    not reported + $10,364 related
    Other
    not reported + $4,786 related
    Deferred
    not reported + $6,218 related
    Nontaxable benefits
    not reported + $19,610 related
    Filer's total
    not reported + $195,394 related

  • Scott T Ruff Resigned 12023

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Laura Gerdes Ehrhart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Melissa C Griswold

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Phyllis J Hofmeister

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John J Flynn Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Harold W Bo Knapheide

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cynthia A Meyer

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Jason Kvitle Od

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Harold B 'Hal' Oakley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James A Rinella

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Spear

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jason Stratton

    VICE-CHAIRMA

    Total calculated
    $0
    Hours/week
    1

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, PAGE 1, PART I, LINE 3
COMPENSATION OF ORGANIZATION'S BOARD MEMBERS - MAUREEN KAHN, PATRICK GERVELER, TIMOTHY MOORE, AND BRIAN CANFIELD ARE EMPLOYEES OF BLESSING CORPORATE SERVICES, INC., THE PARENT COMPANY OF THE BLESSING FOUNDATION, INC. COMPARABILITY DATA PROVIDED BY A THIRD PARTY IS USED TO ESTABLISH A MARKET RANGE OF COMPENSATION. THIS INFORMATION IS SUBMITTED TO THE BLESSING CORPORATE SERVICES BOARD OF TRUSTEES COMPENSATION COMMITTEE FOR APPROVAL.
SCHEDULE J, PAGE 1, PART I, LINE 4
MAUREEN A. KAHN (RETIRED 7/2023) 0 173,252 0 PATRICK M. GERVELER 0 100,044 0

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.

  • ILLINI HEALTH SERVICES LLC

    PHARMACY · IL

    Directly controlled by DENMAN

  • CURRENT HEALTH NETWORK LLC

    PRVDR NTWK · IL

    Directly controlled by CHS HLDGS

Related corporations and trusts

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

  • CHS HOLDING COMPANY

    C CORP · GRP HLTH · IL

    Directly controlled by BCS INC

  • DENMAN SERVICES INC

    C CORP · MED. EQUIP · IL

    Directly controlled by BCS INC

  • HANNIBAL CLINIC INC

    C CORP · MED SVCS · MO

    Directly controlled by BCS INC

  • BLESSING ASSURANCE COMPANY

    C CORP · SELF-INSUR · CJ

    Directly controlled by BCS INC

  • THE BROWN DRUG COMPANY

    S CORP · PHARMACY · IL

    Directly controlled by BCS INC

  • KEOKUK AREA MEDICAL EQUIP & SUPPLY

    C CORP · MED EQUIPM · IA

    Directly controlled by BCS INC

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202411289349301691

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