Northwestern Medical Faculty Foundation Inc in Chicago, Illinois (IL)

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Northwestern Medical Faculty Foundation Inc
Employer Identification Number (EIN)363097297
Name of OrganizationNorthwestern Medical Faculty Foundation Inc
In Care of NameBrian M Walsh
Address680 N Lake Shore Dr 1118, Chicago, IL 60611-4546
ActivitiesScientific research (diseases)
SubsectionCharitable Organization
Ruling Date11/1981
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$571,763,996
Amount of Income$618,691,409
Form 990 Revenue Amount$608,780,909
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Management & Technical Assistance


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Amount of income in 2012: $618,691,409
This organization: 

 $618,691,409
Other organizations performing similar types of work: 

 $5,511,997

Assets in 2012: $571,763,996
Northwestern Medical Faculty Foundation Inc: 

 $571,763,996
Other organizations performing similar types of work: 

 $6,816,050

Expenses in 2007: $480,592,017
Northwestern Medical Faculty Foundation Inc: 

 $480,592,017
Other organizations performing similar types of work: 

 $8,841,673

Income to expenses ratio in 2007: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 89.6%
Northwestern Medical Faculty Foundation Inc: 

 89.6%
Other organizations performing similar types of work: 

 84.2%

Number of employees in 2007: 1,809
This organization: 

 1,809
Other organizations performing similar types of work: 

 147

Employees paid over $50,000 in 2007: 75.6%
This organization: 

 75.6%
Other organizations performing similar types of work: 

 47.4%

Grants share in income in 2007: 2.2%
This organization: 

 2.2%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$248,265,979$271,882,209$305,403,275$337,867,220$402,495,607$425,429,919$448,818,537$478,404,355
Contributions, gifts, grants, and similar amounts received$6,598,068$3,607,477$10,208,329$12,844,756$43,904,676$23,596,635$9,837,617$10,526,767
Contributions to donor advised funds$0$0
Direct public support$6,598,068$341,853$226,949$251,030$5,503,484$297,817$763,893$0
Indirect public support$0$3,265,624$9,981,380$12,593,726$38,401,192$23,298,818$9,073,724$10,526,767
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$233,525,989$272,891,119$292,360,659$318,181,983$353,737,964$395,498,610$408,716,305$465,365,392
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$4,142,684$2,648,366$1,702,420$2,278,040$88,801$954,263$1,765,499$1,310,321
Dividends and interest from securities$0$0$0$0$1,418,465$2,238,663$2,668,922$1,034,585
Net rental income or (loss)$0$166,009$368,044$466,898$180,333$103,811$269,438$658,400
Gross rents$0$166,009$368,044$466,898$180,333$103,811$269,438$658,400
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$128,144$3,474,384$135,440$1,760,900$17,531,342$0
Gain or (loss) from sales of assets other than inventory$3,999,238$-7,575,550$0$0$579,209$807,893$7,842,612$344,418
Gross amount from sales of assets other than inventory$5,545,954$40,871,108$0$0$3,949,675$807,893$36,552,965$5,088,692
Less: cost or other basis and sales expenses$1,546,716$48,446,658$0$0$3,370,466$0$28,710,353$4,744,274
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$144,788$635,679$621,159$2,450,719$469,144$186,802$-835,528
Total expenses$240,257,368$286,331,346$311,806,108$349,596,430$380,888,900$412,619,141$441,190,254$480,592,017
Program services$204,380,382$231,886,266$270,839,659$295,030,420$321,891,064$364,132,364$391,465,302$430,743,534
Management and general$35,876,986$54,445,080$40,966,449$54,566,010$58,699,837$48,486,777$49,724,952$49,848,483
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$297,999$0$0$0
Net assets or fund balances at end of year$69,178,672$56,059,372$53,277,525$41,455,009$67,508,293$141,498,924$147,287,617$142,192,110
Excess or (deficit) for the year$8,008,611$-14,449,137$-6,402,833$-11,729,210$21,606,707$12,810,778$7,628,283$-2,187,662
Net assets or fund balances at beginning of year$73,853,548$69,178,672$56,059,372$53,277,525$41,455,009$67,508,293$141,498,924$147,287,617
Other changes in net assets or fund balances$-12,683,487$1,329,837$3,620,986$-93,306$4,446,577$61,179,853$-1,839,590$-2,907,845
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$480,592,017$430,743,534$49,848,483$0
Grants paid from donor advised funds$0
Other grants and allocations$43,683,682
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$15,636,440$12,033,915$3,602,525$0
Compensation of former officers, directors, key employees, etc.$6,510,218$6,510,218$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$205,741$205,741$0$0
Salaries and wages of employees not included above$213,185,652$190,038,899$23,146,753$0
Pension plan contributions not included above$16,967,271$15,113,689$1,853,582$0
Employee benefits not included above$13,234,223$11,787,582$1,446,641$0
Payroll taxes$11,362,159$10,118,897$1,243,262$0
Professional fundraising fees$0$0$0$0
Accounting fees$330,388$0$330,388$0
Legal fees$1,202,933$43,739$1,159,194$0
Supplies$48,500,325$48,097,854$402,471$0
Telephone$2,516,746$1,922,747$593,999$0
Postage and shipping$1,087,862$459,693$628,169$0
Occupancy$11,381,538$9,755,294$1,626,244$0
Equipment rental and maintenance$1,728,136$1,622,301$105,835$0
Printing and publications$958,856$613,695$345,161$0
Travel$1,391,824$1,312,574$79,250$0
Conferences, conventions, and meetings$751,146$655,460$95,686$0
Interest$3,996,881$3,996,881$0$0
Depreciation, depletion, etc.$7,394,638$4,904,991$2,489,647$0
Other expenses not covered above$78,565,358$67,865,682$10,699,676$0
Balance Sheets
20002001200220032004200520062007
Total assets$212,958,084$243,710,830$251,608,173$282,287,084$333,651,764$388,515,422$403,163,529$395,590,108
Cash - non-interest-bearing$0$0$0$0$0$0$4,394$2,079,407
Savings and temporary cash investments$23,457,976$27,398,474$26,098,835$41,250,324$59,813,842$48,738,244$52,639,051$47,419,497
Accounts receivable less allowance for doubtful accounts$34,556,859$36,610,685$35,948,065$43,875,245$50,190,296$55,567,116$54,760,132$58,088,313
Pledges receivable less allowance for doubtful accounts$8,992,740$6,940,124$4,762,298$0$0$44,108,338$23,154,530$7,731,710
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$80,000$110,000$77,111$42,000
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$1,637,572$2,354,298$0$3,334,794$2,274,417$3,322,015
Inventories for sale or use$0$0$0$0$999,135$953,953$1,208,267$1,254,921
Prepaid expenses and deferred charges$6,076,127$9,913,024$3,493,028$801,784$1,591,699$3,185,853$5,868,136$2,248,303
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$52,049,435$90,829,945$87,043,772
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$58,680,719$83,483,845$93,234,602$110,080,733$135,510,207$104,799,510$296,814$270,935
Land, buildings, and equipment less accumulated depreciation$79,306,821$76,278,973$79,265,265$77,005,562$72,633,444$68,641,053$66,343,065$70,132,883
Other assets, including program-related investments$1,886,842$3,085,705$7,168,508$6,919,138$12,833,141$7,027,126$105,707,667$115,956,352
Total liabilities$143,779,412$187,651,458$198,330,648$240,832,075$266,143,471$247,016,498$255,875,912$253,397,998
Accounts payable and accrued expenses$42,923,592$50,201,900$50,955,821$62,699,137$47,925,687$57,323,008$43,092,464$51,087,003
Grants payable$0$0$0$0$0$0$33,323,400$29,285,087
Deferred revenue$0$5,722,290$0$0$0$0$0$2,329,067
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$86,842,126$84,784,763$83,153,651$81,518,001$79,709,950$81,776,346$79,873,617$77,865,887
Mortgages and other notes payable$1,715,720$1,800,720$1,830,000$1,795,000$1,895,000$1,430,719$3,413,100$0
Other liabilities$12,297,974$45,141,785$62,391,176$94,819,937$136,612,834$106,486,425$96,173,331$92,830,954
Total liabilities and net assets/fund balances$212,958,084$243,710,830$251,608,173$282,287,084$333,651,764$388,515,422$403,163,529$395,590,108
Total net assets or fund balances$69,178,672$56,059,372$53,277,525$41,455,009$67,508,293$141,498,924$147,287,617$142,192,110
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$248,265,979$271,882,209$305,403,275$337,867,220$402,495,607$425,429,919$448,818,537$478,404,355
Total revenue, gains, and other support per audited financial statements$231,952,279$271,882,209$307,903,275$342,867,220$406,942,184$403,747,527$461,112,889$485,225,363
Other expenses$-11,313,700$0$2,500,000$5,000,000$6,746,577$0$20,244,756$15,499,432
Net unrealized gains on investments$-11,313,700$0$0$0$6,746,577$0$-2,617,770$-3,435,429
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$2,500,000$5,000,000$0$0$22,862,526$18,934,861
Other revenue$5,000,000$0$0$0$2,300,000$21,682,392$7,950,404$8,678,424
Investment expenses$0$0$0$0$0$0$0$0
Other$5,000,000$0$0$0$2,300,000$21,682,392$7,950,404$8,678,424
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$240,257,368$286,331,346$311,806,108$349,596,430$380,888,900$412,619,141$441,190,254$480,592,017
Total expenses and losses per audited financial statements$240,257,368$286,331,346$309,306,108$349,596,430$380,888,900$412,119,141$438,190,254$478,092,017
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$2,500,000$0$0$500,000$3,000,000$2,500,000
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$2,500,000$0$0$500,000$3,000,000$2,500,000
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$525,279$33,409$0
40$525,875$34,234$0
40$1,014,000$42,411$0
40$313,500$40,999$0
40$350,587$28,813$0
1$4,250$0$0
40$108,815$18,805$0
40$700,989$42,355$0
40$274,816$42,257$0
40$366,257$41,177$0
1$6,350$0$0
1$4,050$0$0
1$950$0$0
40$263,394$28,512$0
30$725,000$42,411$0
40$217,649$40,524$0
1$1,700$0$0
40$512,587$42,411$0
40$183,000$36,761$0
40$201,718$25,562$0
40$725,000$42,411$0
40$200,467$37,877$0
40$649,575$42,411$0
1$5,500$0$0
40$154,000$32,511$0
40$519,061$41,787$0
40$202,944$37,640$0
40$445,333$41,879$0
40$453,686$36,913$0
40$224,134$34,142$0
40$131,000$30,731$0
40$717,000$42,411$0
40$345,234$33,297$0
40$454,776$42,411$0
40$344,099$42,399$0
40$932,755$42,411$0
40$602,684$42,411$0
40$582,946$41,944$0
40$79,167$13,236$0
40$310,744$36,108$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings35
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$576,126$30,186$0
$0$206,721$38,610$0
$0$499,424$41,801$0
$0$103,024$25,632$0
$0$673,326$42,258$0
$0$168,900$33,358$0
$0$82,844$23,378$0
$0$254,058$40,801$0
$0$796,619$42,411$0
$0$272,492$41,061$0
$0$82,879$23,257$0
$0$194,246$19,013$0
$0$345,279$41,887$0
$0$262,815$40,425$0
$0$159,170$31,866$0
$0$272,443$40,719$0
$0$287,714$40,468$0
$0$243,836$40,457$0
$0$206,560$37,787$0
$0$119,067$27,300$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20061,809
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$-3,431$2,426,746$465,454,273
Program service revenue
Program service revenue 1000000$000$0$431,900,112
Program service revenue 2000000$000$0$33,465,280
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,310,321$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,034,585$0
Net rental income or (loss) from real estate
debt-financed property000000$0Income exempt from debt-financed (section 514) provisions because at least 85% of the use of the property is for the organization's exempt purposes (Note: This code is only for income from the 15% or less non-exempt purpose use.) (section 514(b)(1)(A))$560,712$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$97,688$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$344,418$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueOther financial vehicles$-3,431Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$-920,978$88,881
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
36202867670%$843,635$129,933
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$1,461,308$33,902$0
$1,305,815$42,411$0
$970,282$34,087$0
$796,619$42,411$0
$704,000$39,144$0
Total number of other employees paid over $50,0001,328
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992000200120022003200420052006
Total$209,699,173$244,266,741$279,312,971$304,639,452$331,335,549$395,601,347$404,542,441$462,736,717
Gifts, grants, and contributions received$1,765,950$6,598,068$3,607,477$10,208,329$17,607,054$43,904,676$8,893,870$30,791,425
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$205,459,485$233,525,989$272,891,119$292,360,659$310,875,962$350,053,965$390,694,745$409,979,529
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$2,473,738$4,142,684$2,814,375$2,070,464$2,852,533$1,642,706$4,953,826$21,965,763
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$573,200,135
Contributions, Gifts, Grants and Other Similar Amounts$23,521,970
Program Service Revenue$545,752,642
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,601,867
Income from investment of tax-exempt bond proceeds$588
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$2,323,068
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $28,975,000
Less: cost or other basis and sales expenses (Securities / Other)$0 / $26,651,932
Gain or (loss) (Securities / Other)$0 / $2,323,068
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$536,384,412
Compensation of current officers, directors, trustees, and key employees$18,225,787
Other salaries and wages$246,176,575
Payroll taxes$12,522,256
Professional fundraising services$0
Other$259,459,794
Balance Sheet (for 2011)
Total assets$450,148,097
Total liabilities$233,576,398
Tax-exempt bond liabilities$71,172,698
Secured mortgages and notes payable to unrelated third parties$1,039,689
Unsecured notes and loans payable to unrelated third parties$0
Other$161,364,011
Total net assets or fund balances$216,571,699
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$2,560,190,980
Gifts, grants, contributions, and membership fees received$73,267,302
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$2,458,087,667
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$28,836,011
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-3,431$0$-3,431
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-3,431$0$-3,431
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$3,750
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$3,750
Unrelated business taxable income$-7,181
Unrelated business taxable income before net operating loss deduction$-7,181
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-7,181
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Northwestern Medical Faculty Foundation Inc680 N Lake Shore Dr 1118, Chicago, IL 60611-4546IL1981-11$618,691,409
2Phi Group Return, Group ReturnOne Trinity Drive East, Dillsburg, PA 17019-8522PA1991-05$231,371,120
3Lifespan Corporation, Lifespan Corp Retirement Plan167 Point Street, Providence, RI 02903-4771RI1988-04$134,235,273
4Trinity HealthPO BOX 5020, Minot, ND 58702-5020ND2003-09$85,835,139
5American Board Of Family Medicine Inc1648 Mcgrathiana Pkwy Ste 550, Lexington, KY 40511-1342KY1969-04$55,085,353
6University Of Texas System Medical Foundation6431 Fannin Ste Jjl 310, Houston, TX 77030-1501TX2000-11$54,955,745
7Medical Review Of North Carolina Inc100 Regency Forest Dr Ste 200, Cary, NC 27518-8598NC1990-09$29,246,502
8Providence Plan Partners4400 Ne Halsey Bldg 2, Portland, OR 97213-1545OR2003-05$26,595,635
9Society Of Critical Care Medicine500 Midway Dr, Mt Prospect, IL 60056-5811IL1996-10$18,804,732
10Healthcare Financial Management Association, Group Return3 Westbrook Corp Ctr Ste 600, Westchester, IL 60154-5732IL1969-04$12,191,553
11Vna Inc4061 Powder Mill Rd Ste 210, Calverton, MD 20705-3149MD1987-02$12,109,256
12Silver Cross Health System Inc1900 Siiver Cross Boulevard, New Lenox, IL 60451IL1984-02$8,190,152
13Home Health Services Foundation Inc154 Hindman Rd, Butler, PA 16001-2417PA1984-12$6,271,477
14Spectrum Health-Saint Marys Shared Technology Services Inc100 Michigan St Ne, Grand Rapids, MI 49503-2560MI2004-05$3,893,412
15G S Properties Inc5601 Loch Raven Blvd, Baltimore, MD 21239-2905MD1993-09$2,096,400
16Executive Credit Collections IncPO BOX 1408, Lumberton, NC 28359-1408NC1993-10$859,265
17Institute For Health And Productivity Management17470 N Pacesetter Way, Scottsdale, AZ 85255-5388AZ1998-03$712,524
18Overland Park Regional Medical Staff Dues Fund10500 Quivira Rd, Overland Park, KS 66215-2306KS1994-11$180,399
19Pacific Northwest Continuing Education InstituteMarysville, WA 98271WA$117,791
20Hampden District Medical Society1111 Elm St Ste 22, W Springfield, MA 01089-1540MA1963-04$115,620
Number of organizations performing similar types of work
Arizona1
California1
Florida2
Illinois5
Indiana1
Kansas2
Kentucky1
Massachusetts2
Maryland2
Michigan3
Missouri1
Mississippi2
North Carolina2
North Dakota2
Nebraska1
Nevada1
Oregon1
Pennsylvania3
Rhode Island1
Texas3
Washington1
Wisconsin1
Total39

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