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Nonprofiteer
← RIVERSIDE HEALTHCARE FOUNDATION

Form 990 for tax year 2022

Filed by RIVERSIDE HEALTHCARE FOUNDATION.

Totals

Total revenue
$1,734,564
Total expenses
$865,559
Contributions and grants received
$1,469,521
Grants paid
$540,659
Program service revenue
$0
Investment income
$444,979
Other revenue
-$179,936
Total assets, end of year
$37,211,203
Total liabilities, end of year
$26,743
Net assets or fund balances, end of year
$37,184,460
Program services expenses (Part IX)
$540,659
Management and general expenses
$279,112
Fundraising expenses
$45,788
Program service expenses (Part III)
$540,659

Program services were 62.5% 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.

  • 1c · Fundraising events

    $633,241

  • 1f · All other contributions, gifts and grants

    $836,280

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $716,506 · excluded $716,506

  • 6a · Gross rents

    real property $179,297

  • 6b · Less rental expenses

    real property $58,115

  • 6c · Rental income or loss

    real property $121,182 · personal property $0

  • 6d · Net rental income or loss

    total $121,182 · excluded $121,182

  • 7a · Gross sales of assets other than inventory

    securities $9,063,412

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

    securities $9,334,939

  • 7c · Gain or loss

    securities -$271,527 · other assets $0

  • 7d · Net gain or loss

    total -$271,527 · excluded -$271,527

  • 8a · Fundraising events: gross income

    $76,975

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

    $633,241

  • 8b · Fundraising events: direct expenses

    $378,093

  • 8c · Net income from fundraising events

    total -$301,118 · excluded -$301,118

  • 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 $540,659 · program services $540,659

  • 11c · Fees: accounting

    total $9,315 · management and general $9,315

  • 11f · Fees: investment management

    total $48,343 · management and general $48,343

  • 11g · Fees: other

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

  • 13 · Office expenses

    total $18,717 · management and general $18,717

  • 24a · Other expenses: Shared Services Fee

    total $182,279 · management and general $182,279

  • 24b · Other expenses: Bad Debt Expense

    total $20,458 · management and general $20,458

  • 24c · Other expenses: Other Fundraising Expenses

    total $45,788 · fundraising $45,788

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250 · end of year $250

  • 2 · Savings and temporary cash investments

    beginning of year $2,496,364 · end of year $2,649,321

  • 3 · Pledges and grants receivable

    beginning of year $242,292 · end of year $362,161

  • 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 $7,987 · end of year $0

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

    $2,355,663

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

    $32,550

  • 10c · Land, buildings and equipment, net

    beginning of year $2,323,113 · end of year $2,323,113

  • 11 · Investments: publicly traded securities

    beginning of year $36,297,759 · end of year $30,558,239

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,220,026 · end of year $1,318,119

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,049 · end of year $10,743

  • 19 · Deferred revenue

    beginning of year $108,401 · end of year $16,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $35,868,044 · end of year $29,960,656

  • 28 · Net assets with donor restrictions

    beginning of year $6,588,297 · end of year $7,223,804

Mission and programs · 2022

Mission

The Foundation was established to promote, by donation, loan or otherwise, educational programs, scientific research, treatment facilities, hospitals, rehabilitation centers, housing centers, human services programs and other charitable activities devoted to improving and protecting the health and welfare of all persons.

Activities or mission (Part I)

Established to promote by donation, loan or otherwise, organizations and other charitable activities that are devoted to improving and protecting the health and welfare of all persons.

  • The Foundation promotes educational programs, scientific research, treatment facilities, hospitals, rehabilitation centers, housing centers, human services programs and other charitable activities devoted to improving and protecting the health and welfare of all persons. In particular, the Foundation promotes and supports the interests of the following Illinois not-for-profit organizations: Oakside Corporation, Riverside Senior Living Center, Riverside Medical Center, and other organizations formally affiliated with any of the foregoing organizations which fall within the category of Section 501(c)(3) of the Internal Revenue Code.

    Expenses $540,659 · Grants $540,659

As filed on the 2022 return.

Listed in Part VII

  • Linda Kay Mitchell RN BSN

    Vice Chairman (thru June 2022)

    Total calculated
    $0
    Hours/week
    1

  • Nina Epstien

    Vice Chairman (beg. July 2022)

    Total calculated
    $0
    Hours/week
    1

  • Patricia K Vilt

    Treasurer

    Total calculated
    $482,391
    From this org
    $0
    From related orgs
    $433,155
    Other
    $49,236
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $351,424 related
    Bonus
    $0 + $68,300 related
    Other
    $0 + $13,431 related
    Deferred
    $0 + $36,056 related
    Nontaxable benefits
    $0 + $13,180 related
    Filer's total
    $0 + $482,391 related

  • Phillip Kambic

    President

    Total calculated
    $1,501,673
    From this org
    $0
    From related orgs
    $1,258,830
    Other
    $242,843
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $787,355 related
    Bonus
    $0 + $187,063 related
    Other
    $0 + $284,412 related
    Deferred
    $0 + $218,124 related
    Nontaxable benefits
    $0 + $24,719 related
    Filer's total
    $0 + $1,501,673 related

  • Shalone Graves

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Tim Milner

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Andy Czako

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Jaffe

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Tyson

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr John Vallone

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Juan Jimenez

    Director

    Total calculated
    $1,285,722
    From this org
    $0
    From related orgs
    $1,194,330
    Other
    $91,392
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $956,141 related
    Bonus
    $0 + $99,845 related
    Other
    $0 + $138,344 related
    Deferred
    $0 + $60,139 related
    Nontaxable benefits
    $0 + $31,253 related
    Filer's total
    $0 + $1,285,722 related

  • Dr Simon Wu

    Director

    Total calculated
    $0
    Hours/week
    1

  • Edward Meier

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Kubal

    Director

    Total calculated
    $0
    Hours/week
    1

  • Emily Gentry

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jacalyn Hawker

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jason Soucie

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Gessner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Staci Wilken

    Director (thru June 2022)

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Mitchell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steve Lemon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sue Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Suzy Brown

    Director

    Total calculated
    $0
    Hours/week
    1

  • Willa White

    Director (thru June 2022)

    Total calculated
    $0
    Hours/week
    1

  • R Matthew McBurnie

    Executive Director

    Total calculated
    $244,397
    From this org
    $0
    From related orgs
    $201,300
    Other
    $43,097
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,205 related
    Bonus
    $0 + $35,034 related
    Other
    $0 + $4,061 related
    Deferred
    $0 + $10,404 related
    Nontaxable benefits
    $0 + $32,693 related
    Filer's total
    $0 + $244,397 related

  • Bill Douglas

    Former Officer

    Total calculated
    $225,774
    From this org
    $0
    From related orgs
    $180,463
    Other
    $45,311
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,656 related
    Bonus
    $0 + $54,692 related
    Other
    $0 + $2,115 related
    Deferred
    $0 + $28,534 related
    Nontaxable benefits
    $0 + $16,777 related
    Filer's total
    $0 + $225,774 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 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION RELIED ON RIVERSIDE MEDICAL CENTER, A RELATED TAX-EXEMPT ORGANIZATION, to establish and pay compensation of the organization's CEO. Riverside Medical Center used the following to establish reasonable compensation: A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPARABILITY DATA AND REQUIRED APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE. The Executive Director's compensation is also determined and paid by Riverside Medical Center.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) PLAN WITH A RELATED ORGANIZATION, RIVERSIDE MEDICAL CENTER. Total contributions to the plan for the year ended December 31, 2022 are as follows: PHILLIP KAMBIC - $179,324 PATRICIA VILT- $17,756 AMOUNTS INCLUDED IN INCOME FOR THIS PLAN for the year ended December 31, 2022, were as follows: PHILLIP KAMBIC - $233,482 BILL DOUGLAS - $54,692 Dr. Juan Jimenez - $117,000 PATRICIA K. VILT - $2,167

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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202343119349303994

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