Edward Foundation FY2021 filing

Naperville, IL · Public charity (501(c)(3))

✓ Tax-deductible Latest data FY2021
Revenue
$3.7M
▲ +50% vs prior year
Spent
$272K
To programs
32%
Net assets
$13.0M
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Figures match the IRS filing checked 9/2/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Joy in Childhood Foundation INC
$10K in the latest grant year.
Spent on programs?
32% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
↑ +50% vs prior year
Legal name (IRS)Hdr · item CEdward Foundation
EINHdr · item D36-3723705
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 1990
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNaperville, IL
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.eehealth.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.32 Management & general $0.68
Program services32%$87K
Management & general68%$186K
Total functional expensesLn 25$272K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$3.7M
FY2021▲ +50%
Expenses
$272K
FY2021▼ -77%
Program efficiency
32%
of spending reaches programs
Operating runway
543.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+93%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$13.1M
FY2021▲ +14%
Total liabilities
$131K
FY2021▼ -75%
Revenue less expensesPt I · Ln 19$3.5M
Total assetsPt X · Ln 16$13.1M
Program-expense ratioPt IX · col B32%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$12.3M
Total assetsLn 16$13.1M
Total liabilitiesLn 26$131K
Total net assetsLn 32$13.0M
Months of cash on handcomputed543.2

Statement of Revenue

Part VIII
Investment income$2.2M · 58%
Contributions & grants$1.4M · 38%
Other revenue$153K · 4%
Investment income58%$2.2M
Contributions & grants38%$1.4M
Other revenue4%$153K
Total revenueLn 12$3.7M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.3M · Operating expenses/yr $272K
543.2 months
Where the money goes
Program services
Program services $87K · Total expenses $272K
32%
Management & General
Management & general $186K · Total expenses $272K
68%
Fundraising
Fundraising $0 · Total expenses $272K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.8M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $3.7M
38%
Government reliance
Government grants $0 · Total revenue $3.7M
0%
Earned-income share
Program service revenue $0 · Total revenue $3.7M
0%
Investment reliance
Investment income $2.2M · Total revenue $3.7M
+58%
Program self-sufficiency
Program service revenue $0 · Total expenses $272K
0%
Growth & trend
Revenue growth (YoY)
This year $3.7M · Prior year $2.5M
+50%
Net-asset trend (YoY)
End of year $13.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.7M · Expenses $272K
+93%
Liabilities-to-Assets
Total liabilities — · Total assets $13.1M
—
Net-asset ratio
Net assets $13.0M · Total assets $13.1M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $13.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Joseph Dant · Reported title Pres,Edward Hosp&Sth Institute · Highest reported compensation $0 · Total expenses $272K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $272K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 32%——
Overhead ratio 68%——
Fundraising cost ratio 0%——
Revenue growth 50%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Pres,edward Hosp&sth Institute
$0Pt VII · Sec A
Chairperson/Trustee
$0Pt VII · Sec A
Vice Chairperson/Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Physician, Eh
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
President, Illinois Health Partners
$0Pt VII · Sec A
See Edward Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

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

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $62K of program spending, described in the organization's own filed words · FY2021.
01

The Foundation Funded the Care Center

a clinic for the diagnosis, treatment and legal documentation of sexually abused children. The Care Center is the only center of its kind in the region, serving nine counties. The Care Center is committed to treating victims of sexual assault and stopping the cycle of abuse.

$28Kprogram expense
02

The share grief counseling fund. Each year thousands of families leave the hospital without their child-with empty arms, broken hearts and a love for their deceased child that will always remain.

$22Kprogram expense
03

Kind fund-edward foundation's kind VR fund provides funding for custom virtual reality (VR) therapies designed to help patients decrease pain and stress levels associated with medical procedures and conditions.

$12Kprogram expense

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Funders

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$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
Bersted FoundationTX · FY2024$10,000
Unitemized GrantFY2024$6,500
Edward HospitalIL · FY2023$243,089
Unitemized GrantFY2023$38,000
Unitemized GrantFY2023$20,980
Edward-Elmhurst HealthcareIL · FY2023$9,986
Unitemized GrantFY2023$5,000
Edward HospitalIL · FY2022$896,460
See all 27 grants →

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $2.4M$4.7M-2% 990 PDF
FY2023 $2.5M$523K+63% 990 PDF
FY2022 $1.5M$1.5M-59% 990 PDF
FY2021 $2.5M$1.2M-20% 990 PDF
FY2020 $3.1M$2.1M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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