Rockford Memorial Foundation in Rockford, Illinois (IL)

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Rockford Memorial Foundation
Employer Identification Number (EIN)363197918
Name of OrganizationRockford Memorial Foundation
Address2400 N Rockton Ave, Rockford, IL 61103-3655
ActivitiesOther health services
SubsectionCharitable Organization
Ruling Date01/1984
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2010
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$108,988,211
Amount of Income$112,818,240
Form 990 Revenue Amount$5,731,160
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution


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Amount of income in 2010: $112,818,240
This organization: 

 $112,818,240
Other organizations performing similar types of work: 

 $66,148

Assets in 2010: $108,988,211
This organization: 

 $108,988,211
Other organizations performing similar types of work: 

 $49,053

Expenses in 2007: $1,260,983
This organization: 

 $1,260,983
Other organizations performing similar types of work: 

 $1,260,983

Income to expenses ratio in 2007: 15.2
This organization: 

 15.2
Other organizations performing similar types of work: 

 1.9

Expenses allocated to program services in 2007: 49.3%
This organization: 

 49.3%
Other organizations performing similar types of work: 

 89.9%

Grants share in income in 2007: 13.4%
Rockford Memorial Foundation: 

 13.4%
Other organizations performing similar types of work: 

 22.4%

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$5,112,024$4,781,648$3,524,393$3,944,596$7,992,206$6,980,813$12,254,097$19,166,963
Contributions, gifts, grants, and similar amounts received$1,474,292$1,690,598$3,414,020$2,714,265$1,964,236$2,084,194$1,421,791$2,561,513
Contributions to donor advised funds$0$0
Direct public support$1,474,292$1,690,598$3,414,020$2,714,265$1,964,236$2,084,194$1,421,791$2,561,513
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$39,660$14,189$4,124$10,129$29,805$60,689$30,720$45,698
Dividends and interest from securities$347,165$845,589$1,739,549$279,529$2,719,997$965,577$3,068,930$9,381,309
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$3,200,883$2,134,918$-1,711,351$855,439$3,188,061$3,771,860$7,674,743$7,145,952
Gross amount from sales of assets other than inventory$89,370,486$110,962,033$164,458,353$136,873,328$183,532,555$101,714,780$132,808,754$118,627,844
Less: cost or other basis and sales expenses$86,169,603$108,827,115$166,169,704$136,017,889$180,344,494$97,942,920$125,134,011$111,481,892
Net income or (loss) from special events and activities$50,024$96,354$78,051$85,234$90,107$98,493$57,913$32,491
Gross revenue$90,413$133,016$110,051$128,055$139,864$160,149$141,116$126,112
Less: direct expenses other than fundraising expenses$40,389$36,662$32,000$42,821$49,757$61,656$83,203$93,621
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$0$0$0$0$0$0$0
Total expenses$860,198$1,085,777$999,977$1,020,058$973,362$3,532,064$1,072,400$1,260,983
Program services$418,575$674,057$555,019$531,401$475,920$2,955,321$469,004$622,261
Management and general$278,085$277,480$283,783$326,607$163,116$246,907$227,011$220,582
Fundraising$163,538$134,240$161,175$162,050$334,326$329,836$376,385$418,140
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$59,692,312$66,714,161$62,440,870$76,352,843$88,506,402$89,599,785$102,979,372$111,390,760
Excess or (deficit) for the year$4,251,826$3,695,871$2,524,416$2,924,538$7,018,844$3,448,749$11,181,697$17,905,980
Net assets or fund balances at beginning of year$55,159,436$59,692,312$66,714,161$62,440,870$76,352,843$88,506,402$89,599,785$102,979,372
Other changes in net assets or fund balances$281,050$3,325,978$-6,797,707$10,987,435$5,134,715$-2,355,366$2,197,890$-9,494,592
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,260,983$622,261$220,582$418,140
Grants paid from donor advised funds$0
Other grants and allocations$514,258
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$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)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$14,490$0$14,490$0
Legal fees$0$0$0$0
Supplies$61,853$6,098$8,889$46,866
Telephone$0$0$0$0
Postage and shipping$10,091$0$1,009$9,082
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$562$0$562$0
Travel$1,402$0$561$841
Conferences, conventions, and meetings$18,333$455$11,132$6,746
Interest$0$0$0$0
Depreciation, depletion, etc.$7,004$0$7,004$0
Other expenses not covered above$632,990$101,450$176,935$354,605
Balance Sheets
20002001200220032004200520062007
Total assets$59,729,340$67,121,392$62,765,023$76,496,690$88,859,462$90,609,487$103,515,924$111,893,372
Cash - non-interest-bearing$62,408$65,528$586,380$2,087,121$1,801,919$2,177,459$1,268,417$1,815,939
Savings and temporary cash investments$1,950,787$2,198,981$1,150,749$2,387,785$4,697,971$4,921,355$5,135,442$5,384,222
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$26,778$36,129
Pledges receivable less allowance for doubtful accounts$943,000$632,826$1,748,640$515,352$38,060$16,601$90,570$714,830
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$0$0$0$0
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$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$1,406$0$0$0$0$0
Investments - publicly-traded securities$85,253,899$91,658,688
Investments - other securities$55,866,267$58,446,636$54,560,435$65,850,285$72,930,357$74,169,909$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$78,790$58,333$46,161$36,568$30,987$24,116$15,223$5,282
Other assets, including program-related investments$828,088$5,719,088$4,671,252$5,619,579$9,360,168$9,300,047$11,725,595$12,278,282
Total liabilities$37,028$407,231$324,153$143,847$353,060$1,009,702$536,552$502,612
Accounts payable and accrued expenses$37,028$407,231$324,153$143,847$353,060$980,120$506,397$466,108
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$29,582$30,155$36,504
Total liabilities and net assets/fund balances$59,729,340$67,121,392$62,765,023$76,496,690$88,859,462$90,609,487$103,515,924$111,893,372
Total net assets or fund balances$59,692,312$66,714,161$62,440,870$76,352,843$88,506,402$89,599,785$102,979,372$111,390,760
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$5,112,024$9,931,982$3,524,393$3,944,596$7,992,206$6,980,813$12,254,097$19,166,963
Total revenue, gains, and other support per audited financial statements$5,152,413$4,818,310$-2,158,219$4,949,969$8,666,275$7,715,410$12,811,947$19,263,525
Other expenses$40,389$36,662$-5,682,612$1,005,373$718,569$795,050$602,550$96,562
Net unrealized gains on investments$0$0$-5,714,612$949,093$668,812$1,439,923$946,532$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$42,821$0$0$0$0
Other$40,389$36,662$32,000$13,459$49,757$-644,873$-343,982$96,562
Other revenue$0$5,150,334$0$0$44,500$60,453$44,700$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$5,150,334$0$0$44,500$60,453$44,700$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$860,198$1,085,777$999,977$1,020,058$973,362$3,532,064$1,072,400$1,260,983
Total expenses and losses per audited financial statements$900,587$1,122,439$1,031,977$1,076,338$1,023,119$3,593,720$1,155,603$1,354,604
Other revenue$40,389$36,662$32,000$56,280$49,757$61,656$83,203$93,621
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$40,389$36,662$32,000$56,280$49,757$61,656$83,203$93,621
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings17
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
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)?No
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, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$16,572,959$32,491
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$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)$45,698$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)$9,381,309$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$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))$7,145,952$0
Net income or (loss) from special events000000$000$0$32,491
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
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
$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 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 isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
362167847Rockford Memorial HospitalYes$564,478
Total$564,478
Support Schedule
19992000200120022003200420052006
Total$2,573,421$1,911,870$2,683,392$5,267,744$3,121,849$0$0$0
Gifts, grants, and contributions received$692,413$1,474,292$1,690,598$3,414,020$2,714,265$0$0$0
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$50,130$90,413$133,016$110,051$128,055$0$0$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$1,830,878$347,165$859,778$1,743,673$279,529$0$0$0
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
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Renaissance Charitable Foundation Inc6100 W 96th St Ste 105, Indianapolis, IN 46278-6018IN2001-06$289,660,714
2Rockford Memorial Foundation2400 N Rockton Ave, Rockford, IL 61103-3655IL1984-01$112,818,240
3Harrison County Community Foundation Support Organ IncPO BOX 279, Corydon, IN 47112-0279IN2000-06$73,602,378
4Mangrove FoundationHamilton Hm Gx, Bermudainternational2000-07$51,927,552
5Tiger Woods Charity Event Corp121 Innovation Dr Ste 150, Irvine, CA 92617-3093CA1999-11$35,163,433
6Howard & Alice Settle Foundationfor An Invincible America Inc1537 Bull Lea Rd, Lexington, KY 40511-1200KY2007-09$14,075,268
7Kickstart-International Inc2435 Polk St, San Francisco, CA 94109-1679CA2001-09$9,531,997
8Legacy Global Foundation Inc1423 S Higley Rd Ste 127, Mesa, AZ 85206-3450AZ2003-06$7,331,775
9Frances P Bunnelle Foundation635 Rutledge Ave Ste 201, Charleston, SC 29403-4464SC2000-06$4,471,703
10Rocvale Foundation4060 Mcfarland Rd, Rockford, IL 61111-4402IL2002-09$-108,330
11Quad Cities Golf Classic Charitable Foundation, Kilmer Mark15623 Coaltown Rd, East Moline, IL 61244-9674IL2003-09$12,960,835
12Bears Care1920 Football Dr, Lake Forest, IL 60045IL2006-11$1,736,505
13National Institute Forpharmaceutical Technology And EducaColumbia Center I, Rosemont, IL 60018IL2008-01$1,346,797
14Drw Trading Group Foundation540 W Madison St Ste 2500, Chicago, IL 60661-2555IL2006-06$998,664
15Harold And Leta Shaw Charitable Trust Fbo Senior CitizensPO BOX 538, Pittsfield, IL 62363-0538IL2009-10$278,572
16Nicaragua Christian Education Foundation1405 Walnut St, Highland, IL 62249-2009IL2000-08$255,983
17Harry T Smith Charitable Trust231 S Lasalle Sst Il1 231 10 05, Chicago, IL 60697-0001IL2007-08$192,240
18Laborers District Council & Vicinity Charitable Foundation Inc999 Mcclintock Dr Ste 300, Burr Ridge, IL 60527-0824IL2008-09$171,653
19Eagle BeamersPO BOX 1022, Rantoul, IL 61866-7022IL2008-05$152,172
20Decatur Futures Charity Golf Classic225 N Water St, Decatur, IL 62523-2322IL2008-03$147,240
21Griffin Williamson Foundation1132 Harrison Ave, Rockford, IL 61104-7262IL2002-02$146,571
22Evergreen Invitational Nfp111 South Wacker Drive, Chicago, IL 60606-4302IL2007-05$103,782
23Creston Boosters304 E Cederholm St, Creston, IL 60113IL2003-10$88,734
24Mitchell A Mars FoundationPO BOX A3580, Chicago, IL 60690-3580IL2009-04$84,018
25Progressives-HaramblePO BOX 571, Westmont, IL 60559-0571IL2003-09$83,069
26Professional Football Players Mother Association430 E 162nd St 177, South Holland, IL 60473-2258IL2001-03$80,018
27Bartlett Lions Charities IncPO BOX 8049, Bartlett, IL 60103-8049IL2001-02$75,714
28Donald K And Yvonne M Cardy Foundation, Cardy Donald J Etal Ttee37224 N Stanton Point Rd, Ingleside, IL 60041-8415IL1999-11$61,597
29Joliet Rotary Club 78 Charitable TrPO BOX 225, Joliet, IL 60434-0225IL2001-05$47,885
30Richchar IncPO BOX 149, Saint Charles, IL 60174-0149IL1999-02$43,573
Number of organizations performing similar types of work
Alaska4
Alabama27
Arkansas19
Arizona47
California292
Colorado59
Connecticut42
District of Columbia20
Delaware16
Florida165
Georgia69
Hawaii13
Iowa25
Idaho11
Illinois100
Indiana33
Kansas18
Kentucky31
Louisiana22
Massachusetts75
Maryland64
Maine8
Michigan71
Minnesota55
Missouri42
Mississippi11
Montana8
North Carolina67
North Dakota4
Nebraska10
New Hampshire6
New Jersey125
New Mexico6
Nevada21
New York197
Ohio95
Oklahoma26
Oregon37
Pennsylvania108
Rhode Island18
South Carolina30
South Dakota6
Tennessee36
Texas161
Utah24
Virginia77
Vermont5
Washington58
Wisconsin44
West Virginia13
Wyoming6
International9
Total2,536

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