Skip to content
Nonprofiteer
← OSF HEALTHCARE FOUNDATION

Form 990 for tax year 2024

Filed by OSF HEALTHCARE FOUNDATION.

Totals

Total revenue
$39,114,752
Total expenses
$32,371,980
Contributions and grants received
$22,971,237
Grants paid
$23,757,027
Program service revenue
$0
Investment income
$17,981,979
Other revenue
-$1,838,464
Total assets, end of year
$403,588,041
Total liabilities, end of year
$7,093,545
Net assets or fund balances, end of year
$396,494,496
Program services expenses (Part IX)
$23,757,027
Management and general expenses
$1,721,445
Fundraising expenses
$6,893,508
Program service expenses (Part III)
$23,757,027

Program services were 73.4% 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.

  • 1a · Federated campaigns

    $781,732

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $2,641,533

  • 1d · Related organizations

    $56,436

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $19,491,536

  • 1g · Noncash contributions included above

    $687,682

  • 2a · Program service revenue

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

  • 2b · Program service revenue

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

  • 2c · Program service revenue

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

  • 2d · Program service revenue

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

  • 2e · Program service revenue

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

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $8,418,607 · related or exempt $0 · unrelated business $0 · excluded $8,418,607

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6a · Gross rents

    real property $100,450 · personal property $0

  • 6b · Less rental expenses

    real property $24,669 · personal property $0

  • 6c · Rental income or loss

    real property $75,781 · personal property $0

  • 6d · Net rental income or loss

    total $75,781 · related or exempt $0 · unrelated business $0 · excluded $75,781

  • 7a · Gross sales of assets other than inventory

    securities $66,974,088 · other assets $0

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

    securities $57,410,716 · other assets $0

  • 7c · Gain or loss

    securities $9,563,372 · other assets $0

  • 7d · Net gain or loss

    total $9,563,372 · related or exempt $0 · unrelated business $0 · excluded $9,563,372

  • 8a · Fundraising events: gross income

    $679,392

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

    $2,641,533

  • 8b · Fundraising events: direct expenses

    $2,594,537

  • 8c · Net income from fundraising events

    total -$1,915,145 · unrelated business $0 · excluded -$1,915,145

  • 9a · Gaming: gross income

    $900

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $900 · related or exempt $0 · unrelated business $0 · excluded $900

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

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

  • 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 $23,757,027 · program services $23,757,027

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

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

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

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

  • 8 · Pension plan contributions

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

  • 9 · Other employee benefits

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

  • 10 · Payroll taxes

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

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $1,810 · program services $0 · management and general $1,810 · fundraising $0

  • 11c · Fees: accounting

    total $191 · program services $0 · management and general $191 · fundraising $0

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $75,957 · fundraising $75,957

  • 11f · Fees: investment management

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

  • 11g · Fees: other

    total $6,675,465 · program services $0 · management and general $1,566,280 · fundraising $5,109,185

  • 12 · Advertising and promotion

    total $131,940 · program services $0 · management and general $0 · fundraising $131,940

  • 13 · Office expenses

    total $31,900 · program services $0 · management and general $3,229 · fundraising $28,671

  • 14 · Information technology

    total $384,940 · program services $0 · management and general $96,235 · fundraising $288,705

  • 15 · Royalties

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

  • 16 · Occupancy

    total $487 · program services $0 · management and general $487 · fundraising $0

  • 17 · Travel

    total $93,350 · program services $0 · management and general $13,803 · fundraising $79,547

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

    total $31,882 · program services $0 · management and general $0 · fundraising $31,882

  • 20 · Interest

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

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $39,210 · program services $0 · management and general $0 · fundraising $39,210

  • 24a · Other expenses: DIRECT FUNDRAISING

    total $1,108,411 · program services $0 · management and general $0 · fundraising $1,108,411

  • 24b · Other expenses: DUES AND MEMBERSHIP

    total $30,567 · program services $0 · management and general $30,567 · fundraising $0

  • 24e · All other expenses

    total $8,843 · program services $0 · management and general $8,843 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,728,816 · end of year $2,313,934

  • 3 · Pledges and grants receivable

    beginning of year $32,077,720 · end of year $35,342,683

  • 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

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

    $1,130,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,130,000 · end of year $1,130,000

  • 11 · Investments: publicly traded securities

    beginning of year $342,867,398 · end of year $364,505,413

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $304,625 · end of year $296,011

  • 15 · Other assets

    beginning of year $170,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $536,159 · end of year $633,261

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $11,086,796 · end of year $6,460,284

  • 27 · Net assets without donor restrictions

    beginning of year $166,765,118 · end of year $177,080,246

  • 28 · Net assets with donor restrictions

    beginning of year $201,890,486 · end of year $219,414,250

Mission and programs · 2024

Mission

OSF HEALTHCARE FOUNDATION'S MISSION IS TO DEVELOP AND IMPLEMENT FUND RAISING STRATEGIES TO GENERATE CONTRIBUTIONS FROM THE PUBLIC IN SUPPORT OF THE VARIOUS ACTIVITIES AND PROJECTS OF OSF HEALTHCARE SYSTEM.

Activities or mission (Part I)

IN THE SPIRIT OF CHRIST AND THE EXAMPLE OF FRANCIS OF ASSISI, THE MISSION OF OSF HEALTHCARE IS TO SERVE PERSONS WITH THE GREATEST CARE AND LOVE IN A COMMUNITY THAT CELEBRATES THE GIFT OF LIFE.

  • OSF FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF OSF HEALTHCARE SYSTEM FOR THE PURPOSE OF ACCEPTING AND ADMINISTERING CONTRIBUTIONS, PLEDGES AND GIFTS FOR THE BENEFIT AND USE OF OSF HEALTHCARE SYSTEM.

    Expenses $23,757,027 · Grants $23,757,027

As filed on the 2024 return.

Listed in Part VII

  • Robert C Sehring

    VICE CHAIRPERSON CHIEF EXECUTIVE OFFICER

    Total calculated
    $3,181,962
    From this org
    $0
    From related orgs
    $3,128,164
    Other
    $53,798
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,783,421 related
    Bonus
    $0 + $1,042,741 related
    Other
    $0 + $302,002 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $36,548 related
    Filer's total
    $0 + $3,181,962 related

  • Sister Agnes Joseph Williams Osf

    CHAIRPERSON (BEGINNING OCT 2024); BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Sister Judith Ann Duvall Osf

    TREASURER (BEGINNING OCT 2024); BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Sister Rose Therese Mann Osf

    ASSISTANT SECRETARY (BEGINNING OCT 2024); BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Sister Theresa Ann Brazeau Osf

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Thomas G Hammerton

    PRESIDENT OSF HEALTHCARE FOUNDATION AND CHIEF DEVELOPMENT OFFICER

    Total calculated
    $744,110
    From this org
    $0
    From related orgs
    $633,062
    Other
    $111,048
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $0 + $430,654 related
    Bonus
    $0 + $176,131 related
    Other
    $0 + $26,277 related
    Deferred
    $0 + $69,942 related
    Nontaxable benefits
    $0 + $41,106 related
    Filer's total
    $0 + $744,110 related

  • James W Girardy

    BOARD MEMBER (BEGINNING JAN 2025)

    Total calculated
    $22,000
    From this org
    $0
    From related orgs
    $22,000
    Other
    $0
    Hours/week
    1

  • Mark Kleine

    BOARD MEMBER (THROUGH JAN 2025)

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1

  • Matt Vonachen

    BOARD MEMBER (THROUGH JAN 2025)

    Total calculated
    $0
    Hours/week
    1

  • Patricia Cutilletta

    BOARD MEMBER

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    1

  • Sister M Angelica Neumann Fsgm

    BOARD MEMBER (THROUGH AUG 2025)

    Total calculated
    $0
    Hours/week
    1 + 43 related

  • Sister M Beata Ziegler Fsgm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 43 related

  • Sister M Mikela Meidl Fsgm

    BOARD MEMBER/ EVP, CHIEF MINISTRY OFFICER OSF HEALTHCARE

    Total calculated
    $0
    Hours/week
    1 + 43 related

  • Sister Teresa Paul Selamat Osf

    BOARD MEMBER (BEGINNING OCT 2024)

    Total calculated
    $0
    Hours/week
    1 + 44 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
ANY OF THE REPORTABLE INDIVIDUALS WHO ARE DETAILED AS BEING PAID BY A RELATED ORGANIZATION MAY HAVE DEFERRED AMOUNTS TO OR DISTRIBUTIONS FROM A SECTION 457(F) NON-QUALIFIED PLAN WHICH ARE INCLUDED IN THE APPLICABLE SECTIONS OF SCHEDULE J, PART II. TO AID IN RETAINING KEY EMPLOYEES, A 457(F) RETIREMENT ALLOWANCE PLAN IS AVAILABLE TO EXECUTIVES. EACH YEAR THE PLAN PROVIDES CREDITS, EXPRESSED AS DOLLAR AMOUNTS, DETERMINED BY A PERCENTAGE OF EACH PARTICIPANT'S BASE SALARY. THE PERCENTAGE FOR EACH PARTICIPANT IS DEFINED IN THE PLAN. THE DEFERRED ALLOWANCE IS DEPOSITED IN AN ACCOUNT FOR EACH PARTICIPANT AND INVESTED IN SECURITIES SELECTED BY THE PARTICIPANT FROM A MENU OF AVAILABLE OPTIONS. VESTED BENEFITS, WITH INVESTMENTS GAINS OR LOSSES, ARE PAID TO PARTICIPANTS AS REGULAR TAXABLE INCOME. THE PLAN DEFINES PROVISIONS FOR DISTRIBUTION OF BENEFITS IN THE EVENT OF THE PARTICIPANT'S DEATH OR SEPARATION OF EMPLOYMENT PRIOR TO THE ELECTED VESTING DATE. THE AMOUNTS BELOW; DEFERRED IN THE CURRENT YEAR AND PAID IN THE CURRENT YEAR, RESPECTIVELY, ARE INCLUDED IN THE AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMNS B(III), (C), OR (F). THOMAS HAMMERTON $52,692 / $0 ROBERT SEHRING $0 / $264,524

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.

  • CENTER FOR HEALTH AMBULATORY SURGERY CENTER LLC

    N/A · SURGICAL CENTER · IL

    Directly controlled by NA

  • FT JESSE IMAGING CENTER LLC

    N/A · MEDICAL IMAGING · IL

    Directly controlled by NA

  • FOX RIVER CANCER CENTER LLC

    N/A · ONCOLOGY · IL

    Directly controlled by NA

  • ONCALL IMAGING LLC

    N/A · MEDICAL IMAGING · IL

    Directly controlled by NA

  • UP CARDIOLOGY PARTNERS LLC

    N/A · CARDIOLOGY EQUIPMENT · MI

    Directly controlled by NA

  • 124 ADAMS PROPERTY MANAGEMENT LLC

    N/A · REAL ESTATE · IL

    Directly controlled by NA

Related corporations and trusts

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

  • POINTCORE INC

    C CORPORATION · HEALTHCARE SVCS · IL

    Directly controlled by NA

  • ILLINOIS PATHOLOGIST SERVICES LLC

    C CORPORATION · PATHOLOGY SVCS · IL

    Directly controlled by NA

  • SOUTHWEST HEALTH SYSTEMS INC

    C CORPORATION · HEALTHCARE SERVICES · IL

    Directly controlled by NA

  • OSF AVIATION LLC

    C CORPORATION · MEDICAL TRANSPORTATION · IL

    Directly controlled by NA

  • OSF FINANCE COMPANY LLC

    C CORPORATION · FINANCE COMPANY · IL

    Directly controlled by NA

  • POINTCORE SUPPLY CHAIN SERVICES LLC

    C CORPORATION · SUPPLY CHAIN SERVICES · IL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2026
IRS schema version
2024v5.1
Source object
202602259349302115

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.