Overview
What is Ingalls Development Foundation?
Ingalls Development Foundation, located in Harvey, Illinois, is a nonprofit organization that actively supports the financial needs of Ingalls Memorial Hospital and the University of Chicago Medical Center. They accomplish this by organizing and managing three annual fundraising events: the Benefit Show, Golf Outing, and Fashion Show. Beyond fundraising, the foundation builds and maintains community and public relationships to fund new programs and provide essential healthcare services to those in the community who cannot afford them. In essence, Ingalls Development Foundation serves as a vital bridge, connecting these two prominent healthcare institutions to the community, fostering support and growth.
Official website here: www.ingallsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
The Ingalls Development Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. This rating is primarily based on its exemplary performance in the Accountability & Finance category, showcasing the organization's dedication to transparency and ethical governance.
Strengths of the foundation include a fully independent board, with 75% of its members being independent, alongside a strong financial oversight structure indicated by a perfect score in its audit and financial management. The foundation also demonstrates impressive program efficiency, allocating 85.27% of its expenses directly to its programs.
While the organization exhibits robust financial health with a low liabilities-to-assets ratio, the data does not indicate any significant limitations or areas of concern. Overall, Ingalls Development Foundation stands out as a well-managed nonprofit with a commitment to responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Ingalls Development Foundation legitimate?
Ingalls Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ingalls Development Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $37,500
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ingallsfoundation.org
What is the mission statement of Ingalls Development Foundation?
The Ingalls Development Foundation (IDF) is committed to promoting and supporting the interests and purposes of Ingalls Memorial Hospital and the University of Chicago Medical Center. They achieve this goal through various means, including donations, loans, or other forms of assistance. One of their primary activities is organizing annual fundraising events, such as the benefit show, golf outing, and fashion show, to raise funds for new programs and provide essential healthcare services to those in need. Apart from these events, IDF also cultivates and maintains community and public relationships to support the financial needs of the hospitals, thereby generating funds and resources for the betterment of the community.
Official website here: www.ingallsfoundation.org
Who is the CEO of Ingalls Development Foundation?
Unavailable
Official website here: www.ingallsfoundation.org
What is the revenue of Ingalls Development Foundation?
Ingalls Development Foundation's revenue in 2022 was $5,142,605.
Official website here: www.ingallsfoundation.org
Who are the executives of Ingalls Development Foundation and what are their salaries?
There 58 volunteers at Ingalls Development Foundation.
Here are 20 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Related: $544,558
- Other: $71,534
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- Other: $0
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- Related: $652,281
- Other: $90,731
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- Other: $0
- Compensation: $0
- Related: $339,169
- Other: $38,196
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $782,040
- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
- Related: $854,927
- Other: $125,085
- Compensation: $0
- Related: $423,750
- Other: $7,627
- Compensation: $0
- Related: $610,418
- Other: $78,815
- Compensation: $0
- Related: $1,906,873
- Other: $21,121
Official website here: www.ingallsfoundation.org
Where can I find the form 990 for Ingalls Development Foundation?
Ingalls Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ingallsfoundation.org
Learn more at the official website: www.ingallsfoundation.org
Mission Statement of Ingalls Development Foundation
The Ingalls Development Foundation, in its mission, aims to directly or indirectly support and promote the interests and purposes of Ingalls Memorial Hospital and the University of Chicago Medical Center. This support is primarily achieved through donations, loans, or other means. The foundation's primary role is to provide leadership for the operation of annual fundraising events, which are essential in generating funds for new programs and ensuring the provision of healthcare services to members of the community who may not have the resources to pay for them.
Three significant fundraising events are organized by the Ingalls Development Foundation each year. The Benefit Show is the largest event, followed by the Golf Outing and the Fashion Show. These events not only serve as a source of revenue but also help in fostering community and public relationships. The foundation targets these relationships to secure funds for new programs and to provide vital healthcare services to those in need.
In essence, the Ingalls Development Foundation's mission is geared towards enhancing the capacity of Ingalls Memorial Hospital and the University of Chicago Medical Center to meet the health needs of their community. By organizing fundraising events and fostering community relationships, the foundation plays a crucial role in ensuring that these institutions can continue providing essential healthcare services to all, regardless of their financial means.
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Impact
October, 2024
Ingalls Development Foundation (IDF) significantly impacts the community by supporting Ingalls Memorial Hospital through organized fundraising efforts and relationship-building initiatives. Each year, IDF conducts three major fundraising events, with the Benefit Show being the largest, supplemented by a Golf Outing and a Fashion Show. These events are crucial for generating funds that directly address the financial needs of Ingalls Memorial Hospital and the University of Chicago Medical Center.
Moreover, IDF actively fosters community and public relationships, which help in raising awareness and securing additional resources to support healthcare services. By focusing on funding new programs and offering essential services to community members lacking financial means, IDF plays a vital role in enhancing healthcare accessibility and improving health outcomes in the region.
This information is meant to be a general summary of Ingalls Development Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,466,211
- Gross Receipts: $5,605,943
Assets and Liabilities:
- Total Assets: $68,035,684
- Total Liabilities: $1,127,995
- Net Assets: $66,907,689
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Organization Details
Founding Year
1981
Phone
(708) 333-2300Main Address
One Ingalls Drive, Harvey, IL, 60426
Website
www.ingallsfoundation.orgNTEE Category
Code: E110 - Health
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