Hopedale Medical Foundation in Hopedale, Illinois (IL)

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Hopedale Medical Foundation
Employer Identification Number (EIN)370808925
Name of OrganizationHopedale Medical Foundation
AddressPO BOX 267, Hopedale, IL 61747-0267
ActivitiesHospital, Services for the aged (see also 153 ad 382)
SubsectionCharitable Organization
Ruling Date01/1964
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
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$31,665,842
Amount of Income$23,307,058
Form 990 Revenue Amount$21,823,234
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Hospital, General


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Amount of income in 2014: $23,307,058 (it was $22,280,387 in 2013)
Hopedale Medical Foundation: 

 $23,307,058
Other organizations performing similar types of work: 

 $317,271

Assets in 2014: $31,665,842 (it was $31,326,718 in 2013)
Hopedale Medical Foundation: 

 $31,665,842
Other organizations performing similar types of work: 

 $422,742

Expenses in 2013: $21,192,434
This organization: 

 $21,192,434
Other organizations performing similar types of work: 

 $141,917

Income to expenses ratio in 2013: 1.1
Hopedale Medical Foundation: 

 1.1
Other organizations performing similar types of work: 

 0.9

Employees paid over $100,000 in 2013: 2.3%
This organization: 

 2.3%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 0.6%
This organization: 

 0.6%
Other organizations performing similar types of work: 

 14.3%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?YesYes
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?YesYes
Did the organization attach a copy of its audited financial statements?YesYes
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?YesYes
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?YesYes
A family member of a current or former officer, director, trustee, or key employee?YesYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10967878
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return443434
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$998,407$1,012,311
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$63,053$84,834
Total number of individuals who received more than $100,000 of reportable compensation from the organization55
Total number of independent contractors who received more than $100,000 of compensation from the organization95
Statement of Revenue
201120122013
Total revenue$23,357,740$23,665,970$22,280,387
Contributions, Gifts, Grants and Other Similar Amounts$755,989$71,741$128,049
Program Service Revenue$19,423,183$20,842,325$18,994,402
621110$16,101,986$14,492,943
623000$2,669,385$3,207,207
623000$1,613,775$1,360,931
Fitness and Recreational Sports Centers $377,595$367,525
621110$79,584$74,105
All other program service revenue$0$-508,309
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$125,598$66,339$0
Income from investment of tax-exempt bond proceeds$0$0$71,214
Royalties$0$0$0
Net rental income$649,232$372,781$294,969
Gross rents (Real / Personal)$649,232 / $0$372,781 / $0$294,969 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$649,232 / $0$372,781 / $0$294,969 / $0
Net gain/loss from sales of assets other than inventory$-26,321$75$5,700
Gross amount from sales of assets other than inventory (Securities / Other)$75,168 / $0$0 / $75$0 / $5,700
Less: cost or other basis and sales expenses (Securities / Other)$77,342 / $24,147$0 / $0$0 / $0
Gain or (loss) (Securities / Other)$-2,174 / $-24,147$0 / $75$0 / $5,700
Net income/loss from fundraising events$1,199$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$2,130,261$2,018,636$2,560,836
Gross sales of inventory, less returns and allowances$3,948,047$3,763,779$4,277,990
Less: cost of goods sold$1,817,786$1,745,143$1,717,154
Miscellaneous Revenue$298,599$294,073$225,217
Child Day Care Services $148,309$131,970
722210$89,014$93,022
900099$56,750$225
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$21,496,451$22,471,183$21,192,434
Grants and other assistance to domestic organizations and domestic governments$18,073$8,720
Grants and other assistance to domestic individuals$10,420$14,293
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$408,473$975,839$842,925
Compensation not included above, to disqualified persons$311,556$309,544
Other salaries and wages$9,164,816$9,332,321$9,514,034
Pension plan accruals and contributions$127,577$135,179
Other employee benefits$1,314,893$1,065,296
Payroll taxes$600,611$665,428$677,918
Fees for services (non-employees)
Management$0$0
Legal$48,956$10,134
Accounting$143,711$124,007
Lobbying$6,628$8,555
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$855,012$943,603
Advertising and promotion$173,335$155,384
Office expenses$2,566,972$2,834,691
Information technology$6,926$829
Royalties$0$0
Occupancy$783,677$731,200
Travel$31,070$52,966
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$0
Interest$90,703$261,021
Payments to affiliates$0$0
Depreciation, depletion, and amortization$971,398$997,726
Insurance$132,691$116,110
Other expenses$1,449,340$1,353,122
Other expenses$1,430,478$378,794
Other expenses$415,815$328,089
Other expenses$320,281$150,000
Other expenses$288,083$178,294
Balance Sheet
201120122013
Total assets$22,894,079$22,996,627$31,326,718
Cash - non-interest-bearing$5,676,769$8,085,784
Savings and temporary cash investments$961,983$5,275,218
Pledges and grants receivable, net$288,289$109,016
Accounts receivable, net$2,598,206$2,596,798
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$36,495$36,495
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$101,236$85,788
Notes and loans receivable, net$0$0
Inventories for sale or use$778,416$797,037
Prepaid expenses and deferred charges$115,051$73,273
Land, buildings, and equipment: cost or other basis$10,486,241$11,112,084
Investments - publicly traded securities$902,449$1,848,970
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$1,051,492$1,306,255
Total liabilities$9,224,768$8,151,910$15,343,732
Accounts payable and accrued expenses$2,401,222$1,912,696
Grants payable$0$0
Deferred revenue$388,192$373,504
Tax-exempt bond liabilities$4,275,000$3,675,000$10,835,208
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$479,040$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$1,687,496$2,222,324
Total net assets or fund balances$13,669,311$14,844,717$15,982,986
Unrestricted net assets$13,593,001$14,664,885
Temporarily restricted net assets$1,251,716$1,318,101
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
Number of organizations supported0
Sum of amounts of support$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$6,917,241$32,048$659,676
Gross receipts or sales less returns and allowances$1,494,758$0$0
Cost of goods sold$13,206,517$0$0
Gross profit$1,741,071$0$174,107
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$32,048$320,481$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$485,569$0$485,569
Deductions Not Taken Elsewhere (for 2008)
Total deductions$854,201
Compensation of officers, directors, and trustees$0
Salaries and wages$480,793
Repairs and maintenance$3,710
Bad debts$0
Interest$0
Taxes and licenses$37,844
Charitable contributions$0
Depreciation$12,710
Depletion$0
Contributions to deferred compensation plans$2,866
Employee benefit programs$20,748
Excess exempt expenses$0
Excess readership costs$0
Other deductions$295,530
Unrelated business taxable income$-194,525
Unrelated business taxable income before net operating loss deduction$-194,525
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-194,525
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Degen FoundationPO BOX 10366, Fort Smith, AR 72917-0366AR1983-08$61,048,207
2Valley Hospital Foundation223 N Van Dien Ave, Ridgewood, NJ 07450-2726NJ1980-12$37,749,118
3United Hospital FoundationPO BOX 43, Minneapolis, MN 55440-0043MN1978-07$32,517,369
4Hopedale Medical FoundationPO BOX 267, Hopedale, IL 61747-0267IL1964-01$23,307,058
5The Spartanburg Regional Healthcare System FoundationC/O Jane Ovenden, Spartanburg, SC 29303SC1991-12$18,703,028
6Goodall-Witcher Hospital AuthorityPO BOX 549, Clifton, TX 76634-0549TX1966-11$18,046,045
7Saint Joseph Hospital Foundation1835 Franklin St, Denver, CO 80218-1126CO1977-06$13,974,946
8Health Bridge Corporation527 W South St Fl 3, Woodstock, IL 60098-3756IL1982-12$11,529,009
9Hinsdale Hospital Foundation120 N Oak St, Hinsdale, IL 60521-3829IL1947-04$7,051,226
10Loudoun Memorial Hospital Tr 2 P6242000810 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1970-12$3,384,126
11Elmhurst Memorial Hospital Guild200 N Berteau Ave, Elmhurst, IL 60126-2966IL1984-04$726,166
12Utlaut Memorial Foundation Inc200 Health Care Dr, Greenville, IL 62246-1154IL1984-01$582,505
13Rockford Memorial Hospital Auxiliary2400 N Rockton Ave, Rockford, IL 61103-3655IL1964-10$484,009
14Auxiliary To Northern Illinois Medical Center4201 W Medical Center Dr, Mchenry, IL 60050-8409IL1965-11$441,527
15Sarah Bush Lincoln Health Center GuildPO BOX 372, Mattoon, IL 61938-0372IL1978-05$364,844
16Good Samaritan Hospital Auxiliary1 Good Samaritan Way, Mount Vernon, IL 62864-2402IL1969-12$246,184
17Mark H Latimer Charitable Foundation10 S Dearborn Il1-0117, Chicago, IL 60603-2300IL1980-05$204,290
18Auxiliary To The Oliver C Anderson Hospital6800 State Route 162, Maryville, IL 62062-8500IL1968-05$187,353
19Crawford Memorial Hospital Foundation1000 North Allen St, Robinson, IL 62454-1167IL1989-11$187,123
20Rochelle Community Hospital Auxiliary900 N 2nd St, Rochelle, IL 61068IL1969-08$38,019
Number of organizations performing similar types of work
Alaska1
Alabama11
Arkansas11
Arizona4
California89
Colorado11
Connecticut9
District of Columbia4
Delaware4
Florida38
Georgia18
Hawaii3
Iowa20
Idaho3
Illinois22
Indiana43
Kansas21
Kentucky7
Louisiana10
Massachusetts23
Maryland29
Maine4
Michigan19
Minnesota8
Missouri14
Mississippi4
Montana4
North Carolina27
North Dakota7
Nebraska12
New Hampshire7
New Jersey35
New Mexico11
Nevada5
New York61
Ohio48
Oklahoma10
Oregon15
Pennsylvania58
Rhode Island11
South Carolina12
South Dakota1
Tennessee7
Texas33
Utah2
Virginia13
Vermont4
Washington14
Wisconsin18
West Virginia10
Wyoming2
Total857

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