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← PEKIN MEMORIAL HOSPITAL FOUNDATION

Form 990 for tax year 2022

Filed by PEKIN MEMORIAL HOSPITAL FOUNDATION.

Totals

Total revenue
$670,186
Total expenses
$1,979,894
Contributions and grants received
$83,005
Grants paid
$1,901,997
Program service revenue
$0
Investment income
$587,181
Other revenue
$0
Total assets, end of year
$3,133,957
Total liabilities, end of year
$68,842
Net assets or fund balances, end of year
$3,065,115
Program services expenses (Part IX)
$1,901,997
Management and general expenses
$0
Fundraising expenses
$77,897
Program service expenses (Part III)
$1,901,997

Program services were 96.1% 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

    $83,005

  • 3 · Investment income

    total $60,002 · excluded $60,002

  • 7a · Gross sales of assets other than inventory

    securities $4,211,512

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

    securities $3,684,333

  • 7c · Gain or loss

    securities $527,179

  • 7d · Net gain or loss

    total $527,179 · excluded $527,179

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,899,997 · program services $1,899,997

  • 2 · Grants to domestic individuals

    total $2,000 · program services $2,000

  • 7 · Other salaries and wages

    total $45,000 · fundraising $45,000

  • 10 · Payroll taxes

    total $9,000 · fundraising $9,000

  • 11c · Fees: accounting

    total $14,100 · fundraising $14,100

  • 11f · Fees: investment management

    total $5,896 · fundraising $5,896

  • 13 · Office expenses

    total $235 · fundraising $235

  • 23 · Insurance

    total $3,666 · fundraising $3,666

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,170,164 · end of year $1,727,113

  • 4 · Accounts receivable

    end of year $10,000

  • 11 · Investments: publicly traded securities

    beginning of year $3,280,982 · end of year $1,396,844

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,625 · end of year $68,842

  • 27 · Net assets without donor restrictions

    beginning of year $5,182,745 · end of year $2,887,956

  • 28 · Net assets with donor restrictions

    beginning of year $255,776 · end of year $177,159

Mission and programs · 2022

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY AND TO DO SO WITH LOVE, COMPASSION AND EXTRAORDINARY MEDICAL CARE.

Activities or mission (Part I)

IMPROVE HEALTH AND WELL-BEING OF COMMUNITY WITH LOVE, COMPASSION AND EXTRAORDINARY MEDICAL CARE.

  • PEKIN MEMORIAL HOSPITAL FOUNDATION IS RESOLUTE TO BOTH PRESERVING AND NURTURING THE FUNDAMENTAL MISSION OF PEKIN HOSPITAL AS A COMMUNITY HOSPITAL, AND OTHER FACILITIES AS NECESSARY PROVIDING INPATIENT AND OUTPATIENT, DIAGNOSTIC, THERAPEUTIC, AND EDUCATIONAL SERVICES. MOREOVER, PEKIN MEMORIAL HOSPITAL FOUNDATION WILL ALWAYS KEEP THE ESSENTIAL WELFARE AND PRIORITY OF THE PATIENTS, WHO ARE SERVED BY PEKIN HOSPITAL, UPPERMOST IN MIND AS IT PLANS, ALLOCATES RESOURCES, AND DEVELOPS PROGRAMS IN THE DELIVERY OF HEALTH SERVICES.

    Expenses $1,901,997 · Grants $1,901,997

  • PEKIN MEMORIAL HOSPITAL FOUNDATION IS ORGANIZED TO FOSTER, PROMOTE, SUPPORT, DEVELOP, ENCOURAGE AND ACCEPT FUNDS FOR THE CONSTRUCTION, BUILDING, REMODELING, SUPPORT, ADMINISTRATION, STAFFING AND ANY OTHER LEGITIMATE PURPOSE OR FUNCTION OF PEKIN MEMORIAL HOSPITAL AND PROGRESSIVE HEALTH SYSTEMS, WHICH ARE BOTH NOT-FOR-PROFIT CORPORATIONS IN THE STATE OF ILLINOIS, AND ARE EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986.

As filed on the 2022 return.

Listed in Part VII

  • Amy Darling

    BOARD SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • D Neale Buster Hanley II

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Louis Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Timmothy Schwartz DDS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jack Steger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patrick J Taphorn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tiffany White

    BOARD MEMBER

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202303189349307320

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