Osf Healthcare System

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Osf Healthcare System is a catholic integrated health care delivery System which during fiscal year 2025 operated 15 hospitals, 8 home health agencies, 8 hospices, and employed 234 physicians/advanced practitioners. All patients are accepted regardless of their ability to pay. All facilities, services, physicians and other professional staff of Osf Healthcare System serve all patients without regard to race, religion, age, sex, national origin, payer source or ability to pay. The board of directors has adopted financial assistance policies and procedures which apply for all facilities and services of the corporation. The availability of financial assistance is communicated to patients in numerous ways, including use of financial counselors, patient information brochures, and notices on patient billings. Financial assistance applications and instructions are available on websites maintained by the corporation and upon a request made to any of the corporation's facilities or offices.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 1,055 volunteers and 21,945 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $451.6M a year · 13% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30.3M
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $2.63B in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $2.63B in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.1B
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 10 voting members
Looks good: 7 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.4B
+12% vs prior year
Spent
$3.9B
To programs
83%
Net assets
$3.2B
By yearFY2020–FY2025
Revenue
$4.4B
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7B
FY2021$3.2B
FY2022$3.2B
FY2023$3.4B
FY2024$3.9B
FY2025$4.4B
Expenses
$3.9B
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4B
FY2021$2.6B
FY2022$2.9B
FY2023$3.0B
FY2024$3.4B
FY2025$3.9B
Net assets
$3.2B
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1B
FY2021$2.7B
FY2022$2.2B
FY2023$2.5B
FY2024$3.0B
FY2025$3.2B

From the FY2025 Form 990 (year ending September 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1946.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $3.2B Management & general 17% · $663.5M Fundraising 0% · $214K

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

64 people listed on the 990; $30.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice Chairperson Chief Executive Officer
$3,128,164Pt VII · Sec A
Chief Operating Officer
$1,371,878Pt VII · Sec A
Chief Financial Officer (through Nov 2024)
$1,131,177Pt VII · Sec A
$1,108,076Pt VII · Sec A
Chief Executive Officer, Integrated Solutions
$1,080,309Pt VII · Sec A
Chief Executive Officer, Central Region (through Jan 2025)
$1,064,395Pt VII · Sec A
President, Osf Healthcare (beg 1/25)/ Cso/CEO, Osf/Oncall Digital Health (thru 12/24)
$1,058,683Pt VII · Sec A
$1,029,906Pt VII · Sec A

Robert C Sehring’s $3.1M as Vice Chairperson Chief Executive Officer is at the 93rd percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Robert C Sehring$3,128,164$2,987,377$1,764,625$2,650,545$1,944,604$1,889,747
John P Hanlon————$1,393,542—
Michael a Cruz MD$1,371,878$1,349,009$805,437$1,119,188$820,480$900,291
Michael M Allen$1,131,177$1,205,633$786,546$1,112,574$775,229$879,093
Eric D Webb—$968,000$1,130,911———
Mete Korkmaz MD$1,108,076$1,126,277$757,653——$721,379
James J Mormann$1,080,309$980,082$727,813$989,677$724,943$797,958
Stephen E Hippler MD—$645,610$303,062$1,065,555$835,513$836,664

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Osf Healthcare System executive salaries →

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 15aYes

Programs and updates

Provides 24-hour emergency department services and acute medical care across thirteen hospitals, serving hundreds of thousands of patients annually with compassionate, faith-based healthcare.

Questions for Osf Healthcare System

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3 programs · $2.7B · in their own filed words · FY2024
01

Inpatient Services

Osf healthcare system owns and operates acute care hospitals in escanaba, michigan; rockford, illinois; pontiac, illinois; bloomington, illinois; peoria, illinois; galesburg, illinois; monmouth, illinois; kewanee, illinois; alton, illinois; urbana, illinois; danville,illinois; princeton, illinois; evergreen park, illinois; and dixon…

$1.3Bprogram expense
02

Outpatient Services

The fifteen acute care hospitals owned and operated by osf healthcare system collectively provided 2,125,202 outpatient visits during the reporting period ended september 30, 2025, excluding emergency department visits.

$1.2Bprogram expense
03

Fourteen of the acute care hospitals of the corporation provide 24-HOUR emergency department services. All are staffed by physicians who are predominantly (but not entirely) certified in emergency medicine by national specialty boards.

$206.5Mprogram 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
Total grants receivedfrom 1 funder$8K
Grants paid · 58 grants · $29.3M · 2019–2024
University of Illinois FoundationIL · FY2024$3,500,418
Chestnut Health Systems INCIL · FY2024$300,000
Unitemized GrantFY2024$272,427
Urbana Park DistrictFY2024$60,000
Dixon Family YMCAIL · FY2024$20,000
Solid Rock MissionsIN · FY2024$11,225
University of Illinois FoundationIL · FY2023$3,286,756
Unitemized GrantFY2023$332,732
See all 58 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Sep 2025 · $7.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$1.7M
Special Programs for the Aging, Title III, Part C, Nutrition ServicesDepartment of Health and Human Services · ALN 93.045 · Through East Central Illinois Area Agency on Aging$1.3M
National Bioterrorism Hospital Preparedness ProgramDepartment of Health and Human Services · ALN 93.889 · Through Illinois Department of Public Health$823K
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$819K
Crime Victim AssistanceDepartment of Justice · ALN 16.575 · Through Illinois Criminal Justice Authority$750K

Plus 19 smaller programs.

The auditor reported no findings.

Year ending Sep 2024 · $12.9M federal money spent
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Through Illinois Emergency Management Agency$4.3M
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$2.2M
Special Programs for the Aging, Title III, Part C, Nutrition ServicesDepartment of Health and Human Services · ALN 93.045 · Through East Central Illinois Area Agency on Aging$1.1M
Congressional DirectivesDepartment of Health and Human Services · ALN 93.493 · Direct$1.0M
Crime Victim AssistanceDepartment of Justice · ALN 16.575 · Through Illinois Criminal Justice Authority$781K

Plus 22 smaller programs.

The auditor reported 1 finding: a material weakness in money controls, questioned costs.

Year ending Sep 2023 · $65.9M federal money spent
Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$47.4M
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Through Illinois Emergency Management Agency$4.5M
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$3.1M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Michigan Health and Hospital Association, Illinois Department of Public Health$2.4M
Crime Victim AssistanceDepartment of Justice · ALN 16.575 · Through Illinois Criminal Justice Authority$1.8M

Plus 24 smaller programs.

The auditor reported no findings.

Year ending Sep 2022 · $63.5M federal money spent
Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$48.1M
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$4.1M
Covid-19 Testing for the UninsuredDepartment of Health and Human Services · ALN 93.461 · Direct$1.6M
Crime Victim AssistanceDepartment of Justice · ALN 16.575 · Through Illinois Criminal Justice Authority$1.5M
Covid-19 Testing for Rural Health ClinicsDepartment of Health and Human Services · ALN 93.697 · Direct$1.1M

Plus 23 smaller programs.

The auditor reported no findings.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.4B
Ln 12
Fees for servicesLn 2g$4.2B
Investment incomeLn 3$142.7M
Other incomeLn 4–11$63.8M
Money outPt IX
$3.9B
Ln 25
Programscol B$3.2B
Managementcol C$663.5M
Fundraisingcol D$214K
Owns and owesPt X
$3.2B
net assets · Ln 32
Cash and savingsLn 1–2$272.8M
Total assetsLn 16$6.3B
LiabilitiesLn 26$3.1B
PeoplePt VI, VII
64
listed · VII A
PaidVII A46
Voting boardVI 1a10
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31.8M
Government grantsLn 1e$7.7M
Noncash giftsLn 1g$744K
Fees for servicesLn 2g$4.2B
Investment incomeLn 3$142.7M
Other incomeLn 4–11$63.8M
Gains on assetsLn 7−$479K
Total revenueLn 12$4.4B
Assets in detailPt X, end of year
SavingsLn 2$272.8M
Cash and savings togetherLn 1–2$272.8M
Accounts receivableLn 4$471.3M
Notes and loans receivableLn 7$423K
Inventories for sale or useLn 8$93.2M
Prepaid expenses and deferred chargesLn 9$107.7M
Land, buildings, equipmentLn 10c$2.01B
InvestmentsLn 11–13$2.63B
Intangible assetsLn 14$60.3M
Other assetsLn 15$648.3M
Total assetsLn 16$6.3B
LiabilitiesLn 26$3.1B
Net assetsLn 32$3.2B
OperationsPt I, VI
EmployeesI 521,945
VolunteersI 61,055
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Hospital careSch H · share of total expense
Charity care at costPt I 7a$57.1M · 1.5%
Bad debtPt III 2$25.8M · 0.7%
Total community benefitPt I 7k$387.4M · 10.1%
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$1.55B
Bond issues listedSch K Pt I7
Raised by those issuesSch K Pt I$1.52B
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$744K
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$221.7M$202.7M$165.1M$138.4M$171.3M
Given inLn 1b$9.2M$4.8M$14.1M$1.0M$13.4M
SpentLn 1d–1f$9.7M$11.2M$5.3M$7.1M$6.2M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$275.5M$272.8M
InvestmentsLn 11–13$2.53B$2.63B
Land, buildings, equipmentLn 10c$1.91B$2.01B
Total assetsLn 16$5.79B$6.29B
LiabilitiesLn 26$2.78B$3.08B
Net assetsLn 32$3.01B$3.21B
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8.9M$8.9M
Grants to domestic individualsLn 2$272K$272K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$26.2M$20.9M$5.2M$0
Pay of disqualified personsLn 6$579K$97K$483K$0
Other salaries and wagesLn 7$1.41B$1.13B$287.9M$75K
Pension plan contributionsLn 8$53.5M$40.0M$13.6M$3K
Other employee benefitsLn 9$53.3M$2.5M$50.8M$12K
Payroll taxesLn 10$100.7M$77.3M$23.4M$5K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$7.9M$33K$7.8M$0
Accounting feesLn 11c$1.4M$14K$1.4M$0
Lobbying feesLn 11d$1.4M$0$1.4M$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$327.6M$306.0M$21.6M$0
Advertising and promotionLn 12$6.2M$578K$5.7M$0
Office expensesLn 13$16.5M$8.5M$8.0M$475
Information technologyLn 14$54.5M$870K$53.6M$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$35.4M$32.0M$3.4M$0
TravelLn 17$5.9M$3.7M$2.2M$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$5.5M$853K$4.7M$0
InterestLn 20$62.6M$1.2M$61.3M$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$132.7M$106.4M$26.3M$5K
InsuranceLn 23$75.1M$73.0M$2.1M$0
Other expenses (24a–d)Ln 24$1.35B$1.27B$82.7M$100K
All other expensesLn 24e$115.3M$115.2M$0$14K
Total functional expensesLn 25$3.85B$3.19B$663.5M$214K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 14, 2026 $4.4B$3.9B$537.9M$3.2B 990 PDF
FY2024Filed with the IRS Aug 6, 2025 $3.9B$3.4B$553.3M$3.0B 990 PDF
FY2023Filed with the IRS Aug 9, 2024 $3.4B$3.0B$384.8M$2.5B 990 PDF
FY2022Filed with the IRS Aug 11, 2023 $3.2B$2.9B$300.7M$2.2B 990 PDF
FY2021Filed with the IRS Aug 10, 2022 $3.2B$2.6B$597.1M$2.7B 990 PDF
FY2020Filed with the IRS Aug 11, 2021 $2.7B$2.4B$336.2M$2.1B 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $4,392,210,016 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,518,127$31,841,490
I-9 Program service revenuePrior year $3,631,088,569$4,153,796,404
I-10 Investment incomePrior year $181,196,403$142,737,296
I-11 Other revenuePrior year $51,380,411$63,834,826
I-12 Total revenuePrior year $3,909,183,510$4,392,210,016
I-13 Grants and similar amounts paidPrior year $8,593,131$9,205,986
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,601,502,399$1,648,496,412
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,745,830,000$2,196,635,888
I-18 Total expensesPrior year $3,355,925,530$3,854,338,286
I-19 Revenue less expensesPrior year $553,257,980$537,871,730
Part VI · Governance 7 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members7
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,392,210,016 across 15 lines filed
Lines not itemized here account for $39,606,564 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1d Related organizations$21,935,313
VIII-1e Government grants$7,708,585
VIII-1f All other contributions, gifts and grants$2,197,592
VIII-1g Noncash contributions (included above)$744,309
VIII-1h Total contributions, gifts and grants$31,841,490
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,149,797,886 · Unrelated business $3,998,518 · Excluded from tax $0$4,153,796,404
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $45,141 · Excluded from tax $143,171,204$143,216,345
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $378,471$378,471
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$479,049−$479,049
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,849,791 · Unrelated business $0 · Excluded from tax $0$23,849,791
VIII-12 Total revenueRelated to mission $4,205,172,067 · Unrelated business $4,122,798 · Excluded from tax $151,073,661$4,392,210,016
Part IX · Statement of functional expenses $3,854,338,286 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $8,933,559$8,933,559
IX-2 Grants to domestic individualsPrograms $272,427$272,427
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $20,925,545 · Management $5,231,386 · Fundraising $0$26,156,931
IX-6 Pay of disqualified personsPrograms $96,530 · Management $482,649 · Fundraising $0$579,179
IX-7 Other salaries and wagesPrograms $1,126,213,732 · Management $287,939,518 · Fundraising $74,783$1,414,228,033
IX-8 Pension plan contributionsPrograms $39,993,178 · Management $13,551,360 · Fundraising $2,811$53,547,349
IX-9 Other employee benefitsPrograms $2,502,169 · Management $50,756,452 · Fundraising $12,455$53,271,076
IX-10 Payroll taxesPrograms $77,347,541 · Management $23,360,911 · Fundraising $5,392$100,713,844
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $33,373 · Management $7,824,406 · Fundraising $0$7,857,779
IX-11c Accounting feesPrograms $14,000 · Management $1,423,716 · Fundraising $0$1,437,716
IX-11d Lobbying feesPrograms $0 · Management $1,418,009 · Fundraising $0$1,418,009
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $306,002,437 · Management $21,551,399 · Fundraising $0$327,553,836
IX-12 Advertising and promotionPrograms $577,835 · Management $5,666,999 · Fundraising $0$6,244,834
IX-13 Office expensesPrograms $8,482,435 · Management $7,980,013 · Fundraising $475$16,462,923
IX-14 Information technologyPrograms $869,534 · Management $53,607,952 · Fundraising $0$54,477,486
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $32,004,180 · Management $3,402,393 · Fundraising $0$35,406,573
IX-17 TravelPrograms $3,704,948 · Management $2,242,127 · Fundraising $0$5,947,075
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $853,212 · Management $4,671,965 · Fundraising $0$5,525,177
IX-20 InterestPrograms $1,228,730 · Management $61,322,143 · Fundraising $0$62,550,873
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $106,376,663 · Management $26,310,820 · Fundraising $4,725$132,692,208
IX-23 InsurancePrograms $72,961,755 · Management $2,089,580 · Fundraising $0$75,051,335
IX-24 Other expenses (24a–d)Programs $1,265,991,152 · Management $82,668,996 · Fundraising $99,564$1,348,759,712
IX-24e All other expensesPrograms $115,236,305 · Management $0 · Fundraising $14,047$115,250,352
IX-25 Total functional expensesPrograms $3,190,621,240 · Management $663,502,794 · Fundraising $214,252$3,854,338,286
Part X · Balance sheet $6,289,901,885 assets, 32 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $275,458,280$272,762,352
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $449,653,646$471,303,908
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $353,333$423,333
X-8 Inventories for sale or useStart of year $83,684,761$93,216,197
X-9 Prepaid expenses and deferred chargesStart of year $93,972,938$107,692,394
X-10c Land, buildings and equipment, netStart of year $1,909,631,861$2,007,623,104
X-11 Publicly traded securitiesStart of year $2,313,849,266$2,381,561,936
X-13 Program-related investmentsStart of year $218,861,281$246,643,925
X-14 Intangible assetsStart of year $52,468,039$60,330,060
X-15 Other assetsStart of year $390,007,456$648,344,676
X-16 Total assetsStart of year $5,787,940,861$6,289,901,885
X-17 Accounts payable and accrued expensesStart of year $413,917,362$641,684,383
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $1,565,680,226$1,548,706,781
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $797,901,549$891,520,939
X-26 Total liabilitiesStart of year $2,777,499,137$3,081,912,103
X-27 Net assets without donor restrictionsStart of year $2,804,064,341$2,983,730,870
X-28 Net assets with donor restrictionsStart of year $206,377,383$224,258,912
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $0$0
X-32 Total net assets or fund balancesStart of year $3,010,441,724$3,207,989,782
X-33 Total liabilities and net assetsStart of year $5,787,940,861$6,289,901,885
Part XI · Reconciliation of net assets $3,207,989,782 net assets at year end
XI-1 Total revenue$4,392,210,016
XI-2 Total expenses$3,854,338,286
XI-3 Revenue less expenses$537,871,730
XI-4 Net assets at start of year$3,010,441,724
XI-5 Net unrealized gains (losses) on investments$29,632,324
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$369,955,996
XI-10 Net assets at end of year$3,207,989,782

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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