Bromenn Foundation in Normal, Illinois (IL)

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Bromenn Foundation
Employer Identification Number (EIN)366170029
Name of OrganizationBromenn Foundation
Address1300 Franklin Ave, Normal, IL 61761-3592
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date12/1986
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2008
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$32,566,720
Amount of Income$10,591,891
Form 990 Revenue Amount$6,969,606
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Community Health Systems


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Amount of income in 2008: $10,591,891
This organization: 

 $10,591,891
Other organizations performing similar types of work: 

 $58,371,666

Assets in 2008: $32,566,720
This organization: 

 $32,566,720
Other organizations performing similar types of work: 

 $115,495,398

Expenses in 2007: $2,129,961
Bromenn Foundation: 

 $2,129,961
Other organizations performing similar types of work: 

 $46,510,321

Income to expenses ratio in 2007: 3.3
Bromenn Foundation: 

 3.3
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 78.6%
Bromenn Foundation: 

 78.6%
Other organizations performing similar types of work: 

 86.6%

Grants share in income in 2007: 82.2%
This organization: 

 82.2%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$1,790,523$1,320,602$850,856$312,960$1,260,202$3,831,174$1,939,326$6,969,606
Contributions, gifts, grants, and similar amounts received$2,013,800$487,860$1,017,401$338,725$1,231,460$3,895,220$1,773,061$5,728,574
Contributions to donor advised funds$0$0
Direct public support$2,013,800$487,860$1,017,401$338,725$1,216,060$3,895,220$1,773,061$5,728,574
Indirect public support$0$0$0$0$15,400$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$0$0$0
Dividends and interest from securities$311,005$282,588$280,347$238,017$271,379$274,764$328,455$1,049,570
Net rental income or (loss)$-654,223$-59,172$-495,411$-498,916$-513,868$-455,674$-405,115$-395,400
Gross rents$876,318$1,076,136$1,260,811$1,429,161$1,483,110$1,495,158$1,560,460$1,620,271
Less: rental expenses$1,530,541$1,135,308$1,756,222$1,928,077$1,996,978$1,950,832$1,965,575$2,015,671
Other investment income$162,284$113,388$212,423$242,187$263,893$41,675$4,923$378,258
Gain or (loss) from sales of assets other than inventory$-22,669$509,050$-160,870$-19,391$0$64,677$-7,446$211,751
Gross amount from sales of assets other than inventory$2,339,269$1,957,000$1,216,000$1,162,820$0$190,947$105,532$1,043,185
Less: cost or other basis and sales expenses$2,361,938$1,447,950$1,376,870$1,182,211$0$126,270$112,978$831,434
Net income or (loss) from special events and activities$-19,674$-13,300$-3,034$9,764$4,858$8,480$8,289$12,735
Gross revenue$23,159$18,068$20,931$19,933$14,674$12,045$13,072$23,701
Less: direct expenses other than fundraising expenses$42,833$31,368$23,965$10,169$9,816$3,565$4,783$10,966
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$196,480$-70,544
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$1,074,404$693,670
Less: cost of goods sold$0$0$0$0$0$0$877,924$764,214
Other revenue$0$188$0$2,574$2,480$2,032$40,679$54,662
Total expenses$877,171$1,071,902$1,243,351$2,298,046$2,007,345$764,141$740,808$2,129,961
Program services$547,865$334,096$917,430$1,988,401$1,625,990$409,078$261,392$1,673,272
Management and general$189,742$552,281$66,805$47,593$145,535$148,843$59,583$155,981
Fundraising$139,564$185,525$259,116$262,052$235,820$206,220$419,833$300,708
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$8,690,490$12,437,504$12,730,889$11,362,120$11,405,986$17,136,189$19,817,358$23,789,354
Excess or (deficit) for the year$913,352$248,700$-392,495$-1,985,086$-747,143$3,067,033$1,198,518$4,839,645
Net assets or fund balances at beginning of year$7,325,808$8,690,490$12,437,504$12,730,889$11,362,120$11,405,986$17,136,189$19,817,358
Other changes in net assets or fund balances$451,330$3,498,314$685,880$616,317$791,009$2,663,170$1,482,651$-867,649
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,129,961$1,673,272$155,981$300,708
Grants paid from donor advised funds$0
Other grants and allocations$1,673,272
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$264,570$0$123,188$141,382
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$57,422$0$26,736$30,686
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$6,057$0$6,057$0
Supplies$4,443$0$0$4,443
Telephone$1,584$0$0$1,584
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$1,071$0$0$1,071
Printing and publications$26,032$0$0$26,032
Travel$1,404$0$0$1,404
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$94,106$0$0$94,106
Balance Sheets
20002001200220032004200520062007
Total assets$21,429,593$25,623,073$26,123,329$24,209,732$24,317,843$28,427,937$29,474,515$32,566,720
Cash - non-interest-bearing$174,594$69,177$204,858$76,878$53,206$365,141$560,935$385,952
Savings and temporary cash investments$189,475$1,722,920$1,550,569$1,207,696$1,134,973$3,605,518$3,934,423$6,647,003
Accounts receivable less allowance for doubtful accounts$50,933$78,384$193,485$91,516$324,472$356,443$682,315$2,892,455
Pledges receivable less allowance for doubtful accounts$0$0$500,000$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$681,000$643,818$610,364$575,285$0
Inventories for sale or use$0$0$0$0$0$0$54,951$54,951
Prepaid expenses and deferred charges$0$0$0$0$0$0$203,150$3,321
Investments - publicly-traded securities$2,794,960$3,158,681
Investments - other securities$1,759,657$2,510,060$2,251,018$2,267,668$2,427,775$2,549,074$0$0
Investments - land, buildings, and equipment less accumulated depreciation$15,791,111$17,678,495$0$0$0$0$0$0
Investments - other$3,426,382$3,528,492$3,525,195$3,526,809$3,700,909$5,791,164$6,440,164$6,048,163
Land, buildings, and equipment less accumulated depreciation$0$0$17,864,555$16,327,719$15,990,982$15,113,217$14,196,008$13,348,562
Other assets, including program-related investments$37,441$35,545$33,649$30,446$41,708$37,016$32,324$27,632
Total liabilities$12,739,103$13,185,569$13,392,440$12,847,612$12,911,857$11,291,748$9,657,157$8,777,366
Accounts payable and accrued expenses$283,314$341,589$347,622$473,998$491,679$490,548$710,196$754,164
Grants payable$86,297$26,193$27,547$63,535$63,093$94,659$77,819$65,599
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$1,682,700$0$0$0$0$0$0$0
Mortgages and other notes payable$3,995,268$5,477,568$5,277,168$5,070,326$4,417,473$3,865,057$3,262,422$2,659,787
Other liabilities$6,691,524$7,340,219$7,740,103$7,239,753$7,939,612$6,841,484$5,606,720$5,297,816
Total liabilities and net assets/fund balances$21,429,593$25,623,073$26,123,329$24,209,732$24,317,843$28,427,937$29,474,515$32,566,720
Total net assets or fund balances$8,690,490$12,437,504$12,730,889$11,362,120$11,405,986$17,136,189$19,817,358$23,789,354
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$1,790,523$1,320,602$850,856$312,960$1,260,202$3,831,174$1,939,326$6,969,606
Total revenue, gains, and other support per audited financial statements$3,789,088$2,724,336$2,816,919$2,251,205$3,266,996$5,785,571$5,061,897$9,284,808
Other expenses$397,269$232,365$1,966,063$1,938,245$2,006,794$1,954,397$3,122,571$2,790,851
Net unrealized gains on investments$-48,670$-100,607$185,876$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$445,939$332,972$1,780,187$1,938,245$2,006,794$1,954,397$3,122,571$2,790,851
Other revenue$-1,601,296$-1,171,369$0$0$0$0$0$475,649
Investment expenses$0$0$0$0$0$0$0$0
Other$-1,601,296$-1,171,369$0$0$0$0$0$475,649
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$877,171$1,071,902$1,243,351$2,298,046$2,007,345$764,141$740,808$2,129,961
Total expenses and losses per audited financial statements$2,965,070$2,516,615$3,023,538$4,236,291$4,014,139$2,718,538$3,589,090$4,920,812
Other revenue$2,087,899$1,444,713$1,780,187$1,938,245$2,006,794$1,954,397$2,848,282$2,790,851
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$2,087,899$1,444,713$1,780,187$1,938,245$2,006,794$1,954,397$2,848,282$2,790,851
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings13
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,241,032$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,049,570$0
Net rental income or (loss) from real estate
debt-financed property000000$0Gross income from an unrelated activity that is regularly carried on but, in light of continuous losses sustained over a number of tax periods, cannot be regarded as being conducted with the motive to make a profit (not a trade or business)$-395,400$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$378,258$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$211,751$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$12,735$0
Gross profit or (loss) from sales of inventory000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$-70,544$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$54,662$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$1,708,013$3,828,326$1,950,777$2,176,812$2,872,566$3,034,040$5,688,923$4,469,182
Gifts, grants, and contributions received$505,192$2,027,667$487,860$517,401$838,725$1,231,460$3,895,220$1,773,061
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$18,068$20,931$19,933$14,674$12,045$1,087,476
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$1,168,335$1,777,500$1,444,661$1,638,480$2,011,334$1,785,426$1,779,626$1,567,966
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$34,486$23,159$188$0$2,574$2,480$2,032$40,679
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska1
Alabama5
Arizona8
California23
Colorado15
Connecticut6
Florida22
Georgia16
Hawaii2
Iowa3
Illinois19
Indiana7
Kansas2
Kentucky6
Louisiana3
Massachusetts15
Maryland13
Maine3
Michigan15
Minnesota9
Missouri12
Mississippi2
Montana1
North Carolina7
North Dakota1
Nebraska7
New Hampshire3
New Jersey8
New Mexico1
Nevada2
New York12
Ohio26
Oklahoma6
Oregon2
Pennsylvania32
Rhode Island4
South Carolina7
Tennessee10
Texas20
Utah1
Virginia10
Vermont3
Washington4
Wisconsin6
West Virginia6
International2
Total388

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