Illinois Hospital Research and Educational Foundation
Only null% goes to programs Strong reserves Growing revenue
Illinois Hospital Research and Educational Foundation is a 501(c)(3) organization based in Naperville, Illinois, registered in 1975, with $44,613 in FY2024 revenue. CharityIndex grades it B.
1120 E Diehl Rd Ste 200, Naperville, IL, 60563 EIN 23-7421930 Since 1975
Revenue (FY2024)
$45K
▼ 4.3% vs prior year
Health median: $840K
Expenses (FY2024)
$8,381
Net assets
$886K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Illinois Hospital Research and Educational Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating1269 mo reserves · +81% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Illinois Hospital Research and Educational Foundation: 1269 mo reserves · +81% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Illinois Hospital Research and Educational Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Illinois Hospital Research and Educational Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1120 E Diehl Rd Ste 200, Naperville, IL, 60563
- City
- Naperville
- State
- Illinois
- Category
- Health Care
- Subcategory
- Hospitals
- Website
- …
Financial trends
Revenue declined from $4.2M (FY2015) to $45K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $7,032Net assets $886K
Operating margin
81.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$893K
Total liabilities
$7,032
Net assets
$886K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $44,613▼4.3% | $8,381▼20.9% | $886,364▲4.3% | $893,396▲4.3% | 990 |
| 2023 | $46,611▲78.6% | $10,599▼64.0% | $850,132▲4.4% | $856,852▲4.2% | 990 |
| 2022 | $26,103▲254% | $29,429▲10.1% | $814,120▼0.4% | $822,640▲0.6% | 990 |
| 2021 | $7,383▼74.0% | $26,740▼33.4% | $817,446▼2.3% | $817,461▼2.3% | 990 |
| 2020 | $28,389▼38.6% | $40,161▲3.1% | $836,803▼1.6% | $836,813▼70.7% | 990 |
| 2019 | $46,252▼99.8% | $38,949▼99.8% | $850,466▲0.9% | $2,857,465▲8.3% | 990 |
| 2018 | $18,682,647▲369% | $18,673,389▲368% | $843,163▲1.0% | $2,637,771▲132% | 990 |
| 2017 | $3,984,116▼8.9% | $3,992,184▼8.9% | $835,129▼0.7% | $1,135,605▲1.2% | 990 |
| 2016 | $4,371,643▲3.5% | $4,384,343▲3.7% | $841,364▼2.2% | $1,121,962▼14.6% | 990 |
| 2015 | $4,222,097 | $4,229,493 | $860,064 | $1,313,139 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $13.6M total
41 grants to Illinois Hospital Research and Educational Foundation totaling $13.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Advocate Health and Hospitals Corporation | Support exempt mission | 2020 | $1,711,794 |
| Advocate Health and Hospitals Corporation | Support exempt mission | 2019 | $3,586,436 |
| Mercy Hospital & Medical Center | Address disparate and negative effects of illinois medicaid program | 2019 | $1,166,436 |
| Memorial Health System | See part iv contribution to the illinois health research educational fund to donate to grant program for hospitals to cover a portion of the net loss sustained from the illinois provider assessment program. | 2019 | $53,496 |
| Advocate Health and Hospitals Corporation | Support exempt mission | 2018 | $2,058,728 |
| Mercy Hospital & Medical Center | General support | 2018 | $1,069,233 |
| Memorial Health System | See part ivcontribution to the illinois health research educational fund to donate to grant program for hospitals to cover a portion of the net loss sustained from the illinois provider assessment program. | 2018 | $73,548 |
| Northwestern Memorial Healthcare | Healthcare education | 2018 | $14,259 |
| Bjc Health System | Support continuing education of hospital and other personnel | 2018 | $5,724 |
| Advocate Health and Hospitals Corporation | Support exempt mission | 2017 | $530,750 |
| Swedishamerican Hospital | Quality healthcare for illinois | 2017 | $259,473 |
| Memorial Health System | To address the disparate and negative effects of the illinois medicaid program experienced by hospitals and healthcare systems in illinois. | 2017 | $142,380 |
| Northshore University Healthsystem | Hospital mutual assistance program | 2017 | $33,659 |
| Rml Health Providers Limited Partnership | General support | 2017 | $14,605 |
| Harrisburg Medical Center Inc | General assistance | 2017 | $8,722 |
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Frequently asked questions
- Is Illinois Hospital Research and Educational Foundation a legitimate nonprofit?
- Yes. Illinois Hospital Research and Educational Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7421930, based in Naperville, Illinois. Donations are tax-deductible.
- What is Illinois Hospital Research and Educational Foundation's EIN?
- Illinois Hospital Research and Educational Foundation's Employer Identification Number (EIN) is 23-7421930.
- How much revenue does Illinois Hospital Research and Educational Foundation report?
- Illinois Hospital Research and Educational Foundation reported $44,613 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Illinois Hospital Research and Educational Foundation have?
- CharityIndex grades Illinois Hospital Research and Educational Foundation B, based on financial health (reserves and operating margin).
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Data for Illinois Hospital Research and Educational Foundation (EIN 23-7421930) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.