Riverside Healthcare Foundation in Kankakee, Illinois (IL)

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Riverside Healthcare Foundation
Employer Identification Number (EIN)363166033
Name of OrganizationRiverside Healthcare Foundation
Address350 N Wall St, Kankakee, IL 60901-2901
ActivitiesGifts, grants, or loans to other organizations, Fundraising
SubsectionCharitable Organization
Ruling Date10/1983
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$14,007,471
Amount of Income$4,098,193
Form 990 Revenue Amount$1,188,211
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Fund Raising and/or Fund Distribution


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Amount of income in 2011: $4,098,193
Riverside Healthcare Foundation: 

 $4,098,193
Other organizations performing similar types of work: 

 $5,696,997

Assets in 2011: $14,007,471
This organization: 

 $14,007,471
Other organizations performing similar types of work: 

 $28,368,623

Expenses in 2001: $844,302
Riverside Healthcare Foundation: 

 $844,302
Other organizations performing similar types of work: 

 $3,018,397

Income to expenses ratio in 2001: 0.6
Riverside Healthcare Foundation: 

 0.6
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2001: 93.2%
This organization: 

 93.2%
Other organizations performing similar types of work: 

 84.7%

Number of employees in 2001: 2
Riverside Healthcare Foundation: 

 2
Other organizations performing similar types of work: 

 16

Employees paid over $50,000 in 2001: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 32.7%

Grants share in income in 2001: 60.0%
Riverside Healthcare Foundation: 

 60.0%
Other organizations performing similar types of work: 

 3.1%

Financial snapshot ($)

Revenue for 2001

Assets at end of 2001

Expenses for 2001

Functional Expenses for 2001 ($)

Income-Producing Activities for 2001

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001
Total revenue$531,689
Contributions, gifts, grants, and similar amounts received$318,761
Contributions to donor advised funds
Direct public support$318,761
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$280,663
Net rental income or (loss)$113,009
Gross rents$299,784
Less: rental expenses$186,775
Other investment income$0
Gain or (loss) from sales of assets other than inventory$-177,054
Gross amount from sales of assets other than inventory$5,724,474
Less: cost or other basis and sales expenses$5,901,528
Net income or (loss) from special events and activities$-3,690
Gross revenue$33,612
Less: direct expenses other than fundraising expenses$37,302
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$0
Total expenses$844,302
Program services$787,199
Management and general$44,442
Fundraising$12,661
Payments to affiliates$0
Net assets or fund balances at end of year$9,485,862
Excess or (deficit) for the year$-312,613
Net assets or fund balances at beginning of year$9,565,203
Other changes in net assets or fund balances$233,272
Statement of Functional Expenses (for 2001)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$844,302$787,199$44,442$12,661
Grants paid from donor advised funds
Other grants and allocations$575,954
Specific assistance to individuals$15,968
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$144,558$104,944$39,614$0
Compensation of former officers, directors, key employees, etc.
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)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$8,005$8,005$0$0
Employee benefits not included above$12,927$12,927$0$0
Payroll taxes$8,004$8,004$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$6,855$6,855$0$0
Telephone$0$0$0$0
Postage and shipping$658$658$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$2,002$2,002$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$2,096$2,096$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$67,275$49,786$4,828$12,661
Balance Sheets
2001
Total assets$10,105,076
Cash - non-interest-bearing$367,960
Savings and temporary cash investments$0
Accounts receivable less allowance for doubtful accounts$126,391
Pledges receivable less allowance for doubtful accounts$88,800
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$0
Investments - publicly-traded securities
Investments - other securities$8,101,826
Investments - land, buildings, and equipment less accumulated depreciation$283,113
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$1,136,986
Other assets, including program-related investments$0
Total liabilities$619,214
Accounts payable and accrued expenses$596,259
Grants payable$0
Deferred revenue$0
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$22,955
Mortgages and other notes payable$0
Other liabilities$0
Total liabilities and net assets/fund balances$10,105,076
Total net assets or fund balances$9,485,862
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001
Total revenue$531,689
Total revenue, gains, and other support per audited financial statements$989,038
Other expenses$457,349
Net unrealized gains on investments$233,272
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$224,077
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001
Total expenses$844,302
Total expenses and losses per audited financial statements$1,068,379
Other revenue$224,077
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$224,077
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
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?
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?
Does the organization have a written conflict of interest policy?
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?No
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)?
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?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20062
Analysis of Income-Producing Activities (for 2001)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$216,618$-3,690
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
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$000$0$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)$280,663$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$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)$113,009$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$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-177,054$0
Net income or (loss) from special events000000$000$0$-3,690
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2001)
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?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
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
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
2000
Total$0
Gifts, grants, and contributions received$0
Membership fees received$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$0
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$0
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$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
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2001)
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?No
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$1,188,211
Contributions, Gifts, Grants and Other Similar Amounts$718,275
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$295,343
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$27,650
Gross rents (Real / Personal)$27,650 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$27,650 / $0
Net gain from sales of assets other than inventory$180,277
Gross amount from sales of assets other than inventory (Securities / Other)$3,050,079 / $0
Less: cost or other basis and sales expenses (Securities / Other)$2,869,802 / $0
Gain or (loss) (Securities / Other)$180,277 / $0
Net loss from fundraising events$-33,334
Gross income from fundraising events$6,846
Less: direct expenses$40,180
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$867,391
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$867,391
Balance Sheet (for 2011)
Total assets$14,007,471
Total liabilities$338,885
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$338,885
Total net assets or fund balances$13,668,586
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 organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Seattle Childrens Healthcare SystemPO BOX 5371 MSC RC-507, Seattle, WA 98145-5005WA1984-05$1,400,013,225
2Memorial Sloan-Kettering Cancer Center1275 York Ave, New York, NY 10065-6007NY1962-01$1,297,933,584
3Legacy Dmc3663 Woodward Ave 5th Fl, Detroit, MI 48201-2400MI1985-06$860,712,729
4The Carolinas Healthcare Foundation IncPO BOX 32861, Charlotte, NC 28232-2861NC1960-12$677,679,785
5Lancaster General Health555 N Duke St, Lancaster, PA 17602-2250PA1983-10$600,773,341
6Dignity Health Medical Foundation185 Berry St Ste 300, San Francisco, CA 94107-1773CA1991-11$471,512,503
7New York-Presbyterian Fund Inc525 E 68th St Box 156, New York, NY 10065-4870NY2000-05$341,965,516
8Yale New Haven Health Services Corporation789 Howard Ave, New Haven, CT 06519-1304CT1984-07$329,715,898
9Patient Access Network Foundation1331 F St Nw Ste 975, Washington, DC 20004-1137DC2004-09$290,312,837
10Methodist Healthcare Ministries Of South Texas Inc4507 Medical Dr, San Antonio, TX 78229-4401TX1965-01$214,062,726
11Faculty Physicians And Surgeons Of Llusm11175 Campus Street 11120, Loma Linda, CA 92350-1700CA1995-12$168,333,069
12Sisters Of Charity Of Leavenworth Health System Inc2420 W 26th Ave Bldg D Ste 250, Denver, CO 80211-5377CO1946-03$126,461,371
13Association Of Chmc And University Physicians, Childrens University Medical Group4500 Sand Pt Way Ne Ste 100, Seattle, WA 98105-3954WA1986-09$124,390,421
14Albany Medical Center47 New Scotland Ave, Albany, NY 12208-3412NY1984-05$118,725,898
15Childrens Hospital Foundation111 Michigan Ave Nw, Washington, DC 20010-2916DC1990-12$101,325,769
16Childrens Healthcare Of California455 S Main St, Orange, CA 92868-3874CA1988-08$99,826,189
17Edward Health Services Corporation801 S Washington St, Naperville, IL 60540-7430IL1988-04$73,394,935
18Clara Pfaender FundPO BOX 667, Wheaton, IL 60187-0667IL1946-03$51,187,392
19Masonic Family Health Foundation3075 Highland Pkwy Ste 600, Downers Grove, IL 60515-1206IL2001-05$26,581,213
20Northwest Community Healthcare800 W Central Rd, Arlington Hts, IL 60005-2349IL1981-08$23,032,923
21Hospital Sisters Of St Francis Foundation Inc4936 Laverna Rd, Springfield, IL 62707-9797IL1946-03$15,538,717
22Riverside Healthcare Foundation350 N Wall St, Kankakee, IL 60901-2901IL1983-10$4,098,193
23Resurrection Debelopment Foundation Board Of Trustees2900 N Lake Shore Dr, Chicago, IL 60657-5640IL1946-03$2,486,027
24Rush-Copley Medical Center Inc2000 Odgen Avenue, Aurora, IL 60504IL1983-11$1,929,091
25Saint Anthony Hospital Foundation2875 W 19th St, Chicago, IL 60623-3501IL1974-10$1,507,128
26Rehabilitation Institute Foundation345 E Superior St, Chicago, IL 60611-2654IL1984-11$1,270,452
27St Elizabeth Health Foundation1939 Delmar Ave, Granite City, IL 62040-4510IL1946-03$656,654
28Health World Inc1301 S Grove Ave, Barrington, IL 60010-5237IL1988-03$496,506
29Mercer Foundation For Health C/O Bruce Peterson AdministratorMercer County Hospital, Aledo, IL 61231IL1996-12$175,484
30Childerguild1900 Silver Cross Blvd, New Lenox, IL 60451-9509IL1965-06$572,488
Number of organizations performing similar types of work
Alabama2
Arkansas1
Arizona2
California18
Colorado2
Connecticut8
District of Columbia3
Florida8
Georgia3
Iowa2
Illinois14
Indiana1
Kansas3
Kentucky4
Louisiana1
Massachusetts9
Maryland8
Maine2
Michigan7
Minnesota4
Missouri4
Mississippi2
North Carolina7
North Dakota2
Nebraska2
New Hampshire2
New Jersey3
New Mexico1
Nevada1
New York19
Ohio9
Oregon2
Pennsylvania22
Rhode Island1
South Carolina1
South Dakota1
Tennessee3
Texas8
Utah3
Virginia8
Washington10
Wisconsin4
West Virginia2
Total219

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