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Edward Foundation

Tax-deductible

Naperville, IL501(c)(3)EIN 36-3723705Revenue $2.4M in FY2024

On file with the IRSeehealth.org801 S Washington St, 60540-7430 · Naperville, ILTax-exempt since Nov 1990Publicly supported charity — 170(b)(1)(A)(vi)

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TO SERVE THE HEALTHCARE NEEDS OF THE NAPERVILLE AREA AND SURROUNDING COMMUNITIES BY PROVIDING FINANCIAL SUPPORT FOR PROJECTS, PROGRAMS AND SERVICES AFFILITATED WITH EDWARD HOSPITAL and LINDEN OAKS HOSPITAL.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $414K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Fine: 0.0 months of spending in cash, plus $13.7M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 14 voting members
Looks good: 12 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
-2% vs prior year
Spent
$4.7M
To programs
96%
Net assets
$12.7M
By yearFY2020–FY2024
Revenue
$2.4M
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$2.5M
FY2021$3.7M
FY2022$1.5M
FY2023$2.5M
FY2024$2.4M
Expenses
$4.7M
FY2024▲ +795%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$1.2M
FY2021$272K
FY2022$1.5M
FY2023$523K
FY2024$4.7M
Net assets
$12.7M
FY2024▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.1M
FY2021$11.0M
FY2021$13.0M
FY2022$11.7M
FY2023$14.4M
FY2024$12.7M

From the FY2024 Form 990 · 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 Nov 1990.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $4.5M Management & general 4% · $185K

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

23 people listed on the 990.

Part VII, Section A · reportable compensation
Bill Mitchell
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Yvette Saba
President, Edward Hospital
$0Pt VII · Sec A
Alice Chin
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
David Yeh
Trustee
$0Pt VII · Sec A
Gail Niermeyer
Trustee (until 6/30/24)
$0Pt VII · Sec A
James Lengemann
Trustee (until 6/30/24)
$0Pt VII · Sec A
See Edward 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

Funds healthcare projects, programs, and services for local hospitals and communities.

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Provided by the organization

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1 program · $4.5M · in their own filed words · FY2024
01

For more than 30 years, Edward Foundation has engaged the power of philanthropy to improve the health of the community by fulfilling the mission of care at Endeavor Health Edward Hospital, Endeavor Health Plainfield campus and Endeavor Health Linden Oaks Hospital - Behavioral Health.

$4.5Mprogram 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
Joy in Childhood Foundation INCFY2025$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 27 grants · $8.9M · 2019–2024
Edward HospitalIL · FY2024$4,105,727
Unitemized GrantFY2024$49,000
Unitemized GrantFY2024$27,765
Unitemized GrantFY2024$20,000
Gerald a & Karen Kolschowsky Foundation INCIL · FY2024$17,015
Illinois Tool Works FoundationIL · FY2024$10,000
Bersted FoundationTX · FY2024$10,000
Best Walter & Edith Foundation 110010842120IL · FY2024$10,000
Unitemized GrantFY2024$6,500
Walmart INC Associates Health and Welfare PlanAR · FY2024$5,500
Edward HospitalIL · FY2023$243,089
Unitemized GrantFY2023$38,000
Unitemized GrantFY2023$20,980
Edward-Elmhurst HealthcareIL · FY2023$9,986
Naperville Psychiatric VenturesIL · FY2023$7,566
Unitemized GrantFY2023$5,000
Edward HospitalIL · FY2022$896,460
Naperville Psychiatric VenturesIL · FY2022$244,473
See all 27 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$1.9M
Investment incomeLn 3$847K
Money outPt IX
$4.7M
Ln 25
Programscol B$4.5M
Managementcol C$185K
Owns and owesPt X
$12.7M
net assets · Ln 32
Cash and savingsLn 1–2$503
Total assetsLn 16$14.1M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Noncash giftsLn 1g$73K
Fundraising eventsLn 1c$1.0M
Investment incomeLn 3$847K
Gains on assetsLn 7$515K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$503
Cash and savings togetherLn 1–2$503
InvestmentsLn 11–13$13.7M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$138K
Total assetsLn 16$14.1M
LiabilitiesLn 26$1.4M
Net assetsLn 32$12.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$1.4M$503
InvestmentsLn 11–13$12.2M$13.7M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$14.7M$14.1M
LiabilitiesLn 26$298K$1.4M
Net assetsLn 32$14.4M$12.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.4M$4.4M
Grants to domestic individualsLn 2$103K$103K
Benefits paid to or for membersLn 4$0$0
Investment management feesLn 11f$16K$16K
Other fees for servicesLn 11g$13K$0$13K$0
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$73K$73K
TravelLn 17$208$208
Other expenses (24a–d)Ln 24$64K$64K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$4.7M$4.5M$185K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.4M$4.7M−$2.2M$12.7M 990 PDF
FY2023 $2.5M$523K$2.0M$14.4M 990 PDF
FY2022 $1.5M$1.5M$7K$11.7M 990 PDF
FY2021 $2.5M$1.2M$1.3M$11.0M 990 PDF
FY2020 $3.1M$2.1M$1.0M$6.1M 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 M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,443,736 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,924,126$1,935,769
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $850,542$846,986
I-11 Other revenuePrior year −$282,748−$339,019
I-12 Total revenuePrior year $2,491,920$2,443,736
I-13 Grants and similar amounts paidPrior year $386,827$4,494,200
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $135,947$185,348
I-18 Total expensesPrior year $522,774$4,679,548
I-19 Revenue less expensesPrior year $1,969,146−$2,235,812
Part VI · Governance 12 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
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 $2,443,736 across 8 lines filed
VIII-1c Fundraising events$1,014,703
VIII-1f All other contributions, gifts and grants$921,066
VIII-1g Noncash contributions (included above)$73,201
VIII-1h Total contributions, gifts and grants$1,935,769
VIII-3 Investment incomeExcluded from tax $331,510$331,510
VIII-7 Net gain or loss on sales of assetsExcluded from tax $515,476$515,476
VIII-8 Net income from fundraising eventsExcluded from tax −$339,019−$339,019
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $507,967$2,443,736
Part IX · Statement of functional expenses $4,679,548 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $4,390,935$4,390,935
IX-2 Grants to domestic individualsPrograms $103,265$103,265
IX-4 Benefits paid to or for membersPrograms $0$0
IX-11f Investment management feesManagement $16,452$16,452
IX-11g Other fees for servicesPrograms $0 · Management $13,326 · Fundraising $0$13,326
IX-12 Advertising and promotionManagement $18,949$18,949
IX-13 Office expensesManagement $72,531$72,531
IX-17 TravelManagement $208$208
IX-24 Other expenses (24a–d)Management $63,882$63,882
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $4,494,200 · Management $185,348 · Fundraising $0$4,679,548
Part X · Balance sheet $14,079,927 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,402,896$503
X-3 Pledges and grants receivableStart of year $185,100$267,600
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $12,239,945$13,673,536
X-15 Other assetsStart of year $825,215$138,288
X-16 Total assetsStart of year $14,653,156$14,079,927
X-17 Accounts payable and accrued expensesStart of year $128,853$37,838
X-25 Other liabilitiesStart of year $169,561$1,354,142
X-26 Total liabilitiesStart of year $298,414$1,391,980
X-27 Net assets without donor restrictionsStart of year $10,780,103$10,197,360
X-28 Net assets with donor restrictionsStart of year $3,574,639$2,490,587
X-32 Total net assets or fund balancesStart of year $14,354,742$12,687,947
X-33 Total liabilities and net assetsStart of year $14,653,156$14,079,927
Part XI · Reconciliation of net assets $12,687,947 net assets at year end
XI-1 Total revenue$2,443,736
XI-2 Total expenses$4,679,548
XI-3 Revenue less expenses−$2,235,812
XI-4 Net assets at start of year$14,354,742
XI-5 Net unrealized gains (losses) on investments$569,017
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,687,947

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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