Silver Cross Foundation FY2020 filing

Tax-deductible

New Lenox, IL501(c)(3)Since 1981EIN 36-3185350

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To develop philanthropic support for the healthcare programs and services provided by Silver Cross Hospital.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $311K a year · 24% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$420K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 18 voting members
Looks good: 16 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$868K
Spent
$768K
To programs
100%
Net assets
$844K
By yearFY2020–FY2024
Revenue
$868K
FY2020
Revenue by fiscal year
FY2020$868K
FY2021$1.8M
FY2022$817K
FY2023$1.4M
FY2024$1.6M
FY2024$1.9M
Expenses
$768K
FY2020
Expenses by fiscal year
FY2020$768K
FY2021$1.6M
FY2022$619K
FY2023$819K
FY2024$1.1M
FY2024$769K
Net assets
$844K
FY2020
Net assets by fiscal year
FY2020$844K
FY2021$1.0M
FY2022$1.2M
FY2023$1.8M
FY2024$2.3M
FY2024$3.4M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $768K Management & general 0% · $65

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Executive Director, Foundation
$0Pt VII · Sec A
Director (effective 1/9/20)
$0Pt VII · Sec A
Director (effective 1/9/20)
$0Pt VII · Sec A
Director (termed 11/11/19)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Silver Cross Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises money to support hospital healthcare programs and services.

Provided by the organization

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1 program service account for $768K of program spending, described in the organization's own filed words · FY2019.
01

The exempt purpose of silver cross foundation is to raise funds for support of silver cross hospital and medical centers.

$768Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$10K
Grants paid · 6 grants · $5.7M · 2019–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$868K
Ln 12
Gifts and grantsLn 1h$868K
Money outPt IX
$768K
Ln 25
Programscol B$768K
Managementcol C$65
Owns and owesPt X
$844K
net assets · Ln 32
Cash and savingsLn 1–2$518K
Total assetsLn 16$1.3M
LiabilitiesLn 26$420K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$868K
Fundraising eventsLn 1c$12K
Gains on assetsLn 7$0
Total revenueLn 12$868K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$518K
Cash and savings togetherLn 1–2$518K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$708K
Total assetsLn 16$1.3M
LiabilitiesLn 26$420K
Net assetsLn 32$844K
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$843K$518K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$885K$1.3M
LiabilitiesLn 26$136K$420K
Net assetsLn 32$750K$844K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$768K$768K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$65$65
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Total functional expensesLn 25$768K$768K$65$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.6M$1.1M$489K$2.3M 990 PDF
FY2023 $1.4M$819K$603K$1.8M 990 PDF
FY2022 $817K$619K$198K$1.2M 990 PDF
FY2021 $1.8M$1.6M$166K$1.0M 990 PDF
FY2020 Viewing $868K$768K$100K$844K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $868,024 across 9 lines filed
VIII-1c Fundraising events$11,566
VIII-1f All other contributions, gifts and grants$856,719
VIII-1h Total contributions, gifts and grants$868,285
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax −$261−$261
VIII-12 Total revenueExcluded from tax −$261$868,024
Part IX · Statement of functional expenses $768,015 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $767,950$767,950
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $65$65
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-25 Total functional expensesPrograms $767,950 · Management $65 · Fundraising $0$768,015
Part X · Balance sheet $1,263,756 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $843,493$518,258
X-3 Pledges and grants receivableStart of year $15,700$15,700
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$21,595
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $26,150$708,203
X-16 Total assetsStart of year $885,343$1,263,756
X-17 Accounts payable and accrued expensesStart of year $0$112,012
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $135,675$308,183
X-26 Total liabilitiesStart of year $135,675$420,195
X-27 Net assets without donor restrictionsStart of year $749,668$843,561
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $749,668$843,561
X-33 Total liabilities and net assetsStart of year $885,343$1,263,756
Part XI · Reconciliation of net assets $843,561 net assets at year end
XI-1 Total revenue$868,024
XI-2 Total expenses$768,015
XI-3 Revenue less expenses$100,009
XI-4 Net assets at start of year$749,668
XI-5 Net unrealized gains (losses) on investments−$6,116
XI-10 Net assets at end of year$843,561

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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