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Nonprofiteer
← MICHAEL REESE HEALTH TRUST

Form 990 for tax year 2023

Filed by MICHAEL REESE HEALTH TRUST.

Totals

Total revenue
$2,229,259
Total expenses
$15,363,841
Contributions and grants received
$2,507,772
Grants paid
$11,950,627
Program service revenue
$0
Investment income
-$740,981
Other revenue
$462,468
Total assets, end of year
$163,662,921
Total liabilities, end of year
$5,182,028
Net assets or fund balances, end of year
$158,480,893
Program services expenses (Part IX)
$13,996,384
Management and general expenses
$1,134,146
Fundraising expenses
$233,311
Program service expenses (Part III)
$13,996,384

Program services were 91.1% 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

    $2,507,772

  • 3 · Investment income

    total $788,409 · unrelated business $181,008 · excluded $607,401

  • 7a · Gross sales of assets other than inventory

    securities $11,974,316

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

    securities $13,503,706

  • 7c · Gain or loss

    securities -$1,529,390

  • 7d · Net gain or loss

    total -$1,529,390 · excluded -$1,529,390

  • 11a · Other revenue: EXCISE TAX REFUND

    total $462,468 · excluded $462,468

  • 11e · Other revenue, total

    $462,468

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,950,627 · program services $11,950,627

  • 5 · Compensation of officers, directors and key employees

    total $864,900 · program services $430,845 · management and general $408,425 · fundraising $25,630

  • 7 · Other salaries and wages

    total $844,902 · program services $570,321 · management and general $219,961 · fundraising $54,620

  • 8 · Pension plan contributions

    total $381,677 · program services $242,952 · management and general $137,736 · fundraising $989

  • 9 · Other employee benefits

    total $176,052 · program services $98,523 · management and general $29,921 · fundraising $47,608

  • 10 · Payroll taxes

    total $128,587 · program services $71,268 · management and general $52,646 · fundraising $4,673

  • 11a · Fees: management

    total $1,277 · program services $1,277

  • 11b · Fees: legal

    total $35,721 · program services $8,818 · management and general $26,903

  • 11c · Fees: accounting

    total $93,945 · management and general $93,945

  • 11d · Fees: lobbying

    total $5,045 · management and general $5,045

  • 11g · Fees: other

    total $395,873 · program services $310,073 · management and general $50,975 · fundraising $34,825

  • 12 · Advertising and promotion

    total $36,254 · program services $18,185 · fundraising $18,069

  • 13 · Office expenses

    total $27,631 · program services $22,141 · management and general $5,461 · fundraising $29

  • 14 · Information technology

    total $53,944 · program services $51,398 · management and general $2,546

  • 16 · Occupancy

    total $75,021 · program services $61,142 · management and general $13,879

  • 17 · Travel

    total $19,935 · program services $19,598 · management and general $311 · fundraising $26

  • 19 · Conferences, conventions and meetings

    total $90,277 · program services $76,944 · management and general $12,884 · fundraising $449

  • 22 · Depreciation, depletion and amortization

    total $946 · program services $946

  • 23 · Insurance

    total $22,985 · management and general $22,985

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $82,314 · program services $49,545 · management and general $32,417 · fundraising $352

  • 24b · Other expenses: AWARD EVENT

    total $58,398 · management and general $12,557 · fundraising $45,841

  • 24c · Other expenses: TELECOMMUNICATIONS

    total $16,708 · program services $11,781 · management and general $4,727 · fundraising $200

  • 24d · Other expenses: BANK FEES

    total $822 · management and general $822

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,076,351 · end of year $643,435

  • 2 · Savings and temporary cash investments

    beginning of year $1,012,055 · end of year $923,772

  • 3 · Pledges and grants receivable

    end of year $415,000

  • 7 · Other notes and loans receivable

    end of year $1,425,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,998 · end of year $51,613

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

    $82,551

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

    $82,551

  • 10c · Land, buildings and equipment, net

    beginning of year $946 · end of year $0

  • 12 · Investments: other securities

    beginning of year $151,495,781 · end of year $152,996,155

  • 15 · Other assets

    beginning of year $4,848,821 · end of year $7,207,946

  • 17 · Accounts payable and accrued expenses

    beginning of year $181,141 · end of year $329,974

  • 18 · Grants payable

    beginning of year $1,796,854 · end of year $4,852,054

  • 25 · Other liabilities

    beginning of year $462,354

  • 27 · Net assets without donor restrictions

    beginning of year $123,919,016 · end of year $122,419,077

  • 28 · Net assets with donor restrictions

    beginning of year $33,111,587 · end of year $36,061,816

Mission and programs · 2023

Mission

MICHAEL REESE ADVANCES EQUITABLE ACCESS TO HEALTH SOLUTIONS FOR THE JEWISH AND WIDER CHICAGO COMMUNITY BY CARRYING FORWARD THE VISION OF MICHAEL REESE HOSPITAL'S JEWISH FOUNDERS AND THE GENERATIONS OF PHILANTHROPIC LEADERSHIP THEY INSPIRED.

  • GRANTMAKINGWE ACCELERATE AND STRENGTHEN SOLUTIONS TO IMPROVE THE HEALTH OF THE WIDER CHICAGO COMMUNITY MOST AFFECTED BY SYSTEMIC INEQUITIES. WE PARTNER WITH NONPROFITS TO LAUNCH, SCALE, OR SUSTAIN STRATEGIES THAT HAVE THE POTENTIAL TO ADVANCE HEALTH EQUITY FOR THE JEWISH AND WIDER CHICAGO COMMUNITY.

    Expenses $8,766,609 · Grants $7,255,598

  • INCUBATIONWE TAKE RISKS ON NEW, EXPERIMENTAL OR PROVEN IDEAS THAT HOLD PROMISE TO CHANGE THE FUTURE OF HEALTH FOR THE WIDER CHICAGO COMMUNITY. THROUGH PARTNERING WITH VISIONARY LEADERS, WE SUPPORT THE FUNDRAISING AND ADMINISTRATIVE NEEDS OF A START-UP AND LEVERAGE PUBLIC AND PRIVATE PARTNERSHIPS TO SCALE THEIR EFFORTS.

    Expenses $5,229,775 · Grants $4,695,029

  • ADVOCACY WE PUSH FOR LASTING CHANGE TO ADVANCE POLICIES AND SYSTEMS THAT IMPROVE THE HEALTH OF THE WIDER CHICAGO COMMUNITY. WE PARTNER WITH COMMUNITY ORGANIZATIONS AND COALITIONS TO PROTECT AND EXPAND HEALTHCARE ACCESS AND TO ADVANCE HEALTH EQUITY.

As filed on the 2023 return.

Listed in Part VII

  • Mally Z Rutkoff

    CHAIRMAN, DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Judy L Smith

    EXECUTIVE VICE CHAIR, DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kathy Chan

    VICE CHAIR, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sally Benjamin Young

    SECRETARY, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marc Roth

    VICE CHAIR, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Bouman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Andrew Glick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Linda Ginsburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Greg Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Waldo E Johnson Jr PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Deborah Schrayer Karmin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ann-Louise Kleper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marvin Lindsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ed Linn MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Walter R Nathan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Stacy Raviv MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sista Yaa Simpson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gayla A Brockman

    PRESIDENT & CEO

    Total calculated
    $389,566
    From this org
    $305,696
    From related orgs
    $0
    Other
    $83,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,696
    Bonus
    $0
    Other
    $0
    Deferred
    $66,000
    Nontaxable benefits
    $17,870
    Filer's total
    $389,566

  • Catherine Goese

    CHIEF FINANCIAL OFFICER/CIO

    Total calculated
    $272,647
    From this org
    $201,454
    From related orgs
    $0
    Other
    $71,193
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,454
    Bonus
    $0
    Other
    $0
    Deferred
    $50,264
    Nontaxable benefits
    $20,929
    Filer's total
    $272,647

  • Blair Harvey-Gintoft

    CHIEF PROGRAM OFFICER

    Total calculated
    $231,120
    From this org
    $175,931
    From related orgs
    $0
    Other
    $55,189
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,931
    Bonus
    $0
    Other
    $0
    Deferred
    $43,960
    Nontaxable benefits
    $11,229
    Filer's total
    $231,120

  • Jennifer M Rosenkranz

    PROGRAM DIRECTOR

    Total calculated
    $219,706
    From this org
    $159,461
    From related orgs
    $0
    Other
    $60,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,461
    Bonus
    $0
    Other
    $0
    Deferred
    $39,801
    Nontaxable benefits
    $20,444
    Filer's total
    $219,706

  • Jordyn D Landberg

    COMMUNICATIONS DIRECTOR

    Total calculated
    $184,345
    From this org
    $124,862
    From related orgs
    $0
    Other
    $59,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,862
    Bonus
    $0
    Other
    $0
    Deferred
    $31,202
    Nontaxable benefits
    $28,281
    Filer's total
    $184,345

  • Emily Krisciunas

    EXECUTIVE DIRECTOR

    Total calculated
    $176,497
    From this org
    $132,266
    From related orgs
    $0
    Other
    $44,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,266
    Bonus
    $0
    Other
    $0
    Deferred
    $33,053
    Nontaxable benefits
    $11,178
    Filer's total
    $176,497

  • Rachel Reichlin

    PROGRAM DIRECTOR (ENDED FEB. 2024)

    Total calculated
    $224,088
    From this org
    $160,200
    From related orgs
    $0
    Other
    $63,888
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,200
    Bonus
    $0
    Other
    $0
    Deferred
    $40,212
    Nontaxable benefits
    $23,676
    Filer's total
    $224,088

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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 3:
THE COMPENSATION COMMITTEE REVIEWS A COMPENSATION SURVEY OF NON-PROFIT EXECUTIVES.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2023
Filed
24 March 2025
IRS schema version
2023v6.0
Source object
202540859349300524

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.