To promote and support, directly or indirectly, by donation, loan or otherwise, the interests and purposes of ingalls memorial hospital and the university of chicago medical center.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $593K a year · 15% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Plus $65.4M in investments, Pt X · Ln 11–13
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$516K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 16 voting members
Looks good: 12 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
-57% vs prior year
Spent
$4.2M
To programs
75%
Net assets
$66.5M
By yearFY2020–FY2025
Revenue
$2.2M
FY2023▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.2M
FY2021$5.6M
FY2022$5.1M
FY2023$2.2M
FY2024$3.3M
FY2025$2.8M
Expenses
$4.2M
FY2023▼ -54%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.7M
FY2021$3.0M
FY2022$9.2M
FY2023$4.2M
FY2024$3.6M
FY2025$4.1M
Net assets
$66.5M
FY2023▼ -0.7%
Tap a bar for its year
Net assets by fiscal year
FY2020$61.6M
FY2021$81.9M
FY2022$66.9M
FY2023$66.5M
FY2024$69.1M
FY2025$72.4M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1982.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $3.2M Management & general 22% · $939K Fundraising 2% · $99K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Secretary/Treasurer
$0Pt VII · Sec A
Interim President (7/10/22 Thru 3/7/23)
$0Pt VII · Sec A
Interim President (eff. 3/7/23)
$0Pt VII · Sec A
Board Member/President (thru 7/10/22)
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member & Ucmc SVP
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Ucm Network Development 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 funds for Ingalls Memorial Hospital through annual events.

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Provided by the organization

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1 program · $3.2M · in their own filed words · FY2022
01

During FY2023 ingalls development foundation held two fundraising events - the golf outing and the fashion show. Ingalls development foundation (idf) generally holds three fundraising events each year however the benefit show, which is the largest fundraiser, was postponed until september 2023.

$3.2Mprogram expense

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 1 funder$17K
Grants paid · 13 grants · $17.2M · 2019–2024
The Ingalls Memorial HospitalIL · FY2024$3,157,491
Unitemized GrantFY2024$78,650
The Ingalls Memorial HospitalIL · FY2023$1,017,615
Unitemized GrantFY2023$90,300
The Ingalls Memorial HospitalIL · FY2022$1,547,563
The Ingalls Memorial HospitalIL · FY2021$8,076,881
The Ingalls Memorial HospitalIL · FY2020$1,238,221
University of ChicagoIL · FY2020$35,000
The Ingalls Memorial HospitalIL · FY2019$1,859,489
Restoration Ministries INCIL · FY2019$30,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$979K
Money outPt IX
$4.2M
Ln 25
Programscol B$3.2M
Managementcol C$939K
Fundraisingcol D$99K
Owns and owesPt X
$66.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$67.0M
LiabilitiesLn 26$516K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$14K
Fundraising eventsLn 1c$207K
Investment incomeLn 3$979K
Gains on assetsLn 7$582K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$200
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$65.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$198K
Total assetsLn 16$67.0M
LiabilitiesLn 26$516K
Net assetsLn 32$66.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6132
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$1.4M$1.1M
InvestmentsLn 11–13$66.1M$65.4M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$68.0M$67.0M
LiabilitiesLn 26$1.1M$516K
Net assetsLn 32$66.9M$66.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$274K$274K
Other fees for servicesLn 11g$609K$0$609K$0
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$6K$984$5K
TravelLn 17$7K$7K
Other expenses (24a–d)Ln 24$1.6M$1.5M$31K$99K
All other expensesLn 24e$108K$101K$6K$0
Total functional expensesLn 25$4.2M$3.2M$939K$99K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.8M$4.1M−$1.3M$72.4M 990 PDF
FY2024 $3.3M$3.6M−$280K$69.1M 990 PDF
FY2023 Viewing $2.2M$4.2M−$2.0M$66.5M 990 PDF
FY2022 $5.1M$9.2M−$4.1M$66.9M 990 PDF
FY2021 $5.6M$3.0M$2.6M$81.9M 990 PDF
FY2020 $5.2M$3.7M$1.5M$61.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $2,218,531 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,992,303$1,336,893
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,466,211$978,984
I-11 Other revenuePrior year −$315,909−$97,346
I-12 Total revenuePrior year $5,142,605$2,218,531
I-13 Grants and similar amounts paidPrior year $8,097,678$1,598,052
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $37,500$0
I-17 Other expensesPrior year $1,077,096$2,598,594
I-18 Total expensesPrior year $9,212,274$4,196,646
I-19 Revenue less expensesPrior year −$4,069,669−$1,978,115
Part VI · Governance 12 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,218,531 across 10 lines filed
VIII-1c Fundraising events$207,113
VIII-1d Related organizations$589,617
VIII-1f All other contributions, gifts and grants$540,163
VIII-1g Noncash contributions (included above)$14,126
VIII-1h Total contributions, gifts and grants$1,336,893
VIII-3 Investment incomeExcluded from tax $397,334$397,334
VIII-7 Net gain or loss on sales of assetsExcluded from tax $581,650$581,650
VIII-8 Net income from fundraising eventsExcluded from tax −$97,400−$97,400
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $54$54
VIII-12 Total revenueRelated to mission $54 · Unrelated business $0 · Excluded from tax $881,584$2,218,531
Part IX · Statement of functional expenses $4,196,646 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $1,598,052$1,598,052
IX-11c Accounting feesManagement $1,557$1,557
IX-11f Investment management feesManagement $274,265$274,265
IX-11g Other fees for servicesPrograms $0 · Management $609,362 · Fundraising $0$609,362
IX-12 Advertising and promotionManagement $4,893$4,893
IX-13 Office expensesPrograms $984 · Management $4,699$5,683
IX-17 TravelManagement $6,954$6,954
IX-24 Other expenses (24a–d)Programs $1,458,000 · Management $30,914 · Fundraising $99,186$1,588,100
IX-24e All other expensesPrograms $101,301 · Management $6,479 · Fundraising $0$107,780
IX-25 Total functional expensesPrograms $3,158,337 · Management $939,123 · Fundraising $99,186$4,196,646
Part X · Balance sheet $66,980,322 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $200$200
X-2 Savings and temporary cash investmentsStart of year $1,438,324$1,121,670
X-4 Accounts receivableStart of year $236,629$232,315
X-9 Prepaid expenses and deferred chargesStart of year $13,265$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $57,037,231$56,103,112
X-12 Other securitiesStart of year $9,073,814$9,325,030
X-15 Other assetsStart of year $236,221$197,995
X-16 Total assetsStart of year $68,035,684$66,980,322
X-17 Accounts payable and accrued expensesStart of year $949,319$305,614
X-19 Deferred revenueStart of year $178,676$203,929
X-25 Other liabilitiesStart of year $0$6,498
X-26 Total liabilitiesStart of year $1,127,995$516,041
X-27 Net assets without donor restrictionsStart of year $54,624,387$54,999,750
X-28 Net assets with donor restrictionsStart of year $12,283,302$11,464,531
X-32 Total net assets or fund balancesStart of year $66,907,689$66,464,281
X-33 Total liabilities and net assetsStart of year $68,035,684$66,980,322
Part XI · Reconciliation of net assets $66,464,281 net assets at year end
XI-1 Total revenue$2,218,531
XI-2 Total expenses$4,196,646
XI-3 Revenue less expenses−$1,978,115
XI-4 Net assets at start of year$66,907,689
XI-5 Net unrealized gains (losses) on investments$1,283,491
XI-9 Other changes in net assets$251,216
XI-10 Net assets at end of year$66,464,281

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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