Chicago Foundlings Home

EIN: 362167002 501(c)(3) Human Services

Chicago, IL

Total Revenue
$546,348
Total Expenses
$532,893
Total Assets
$5,912,973
Net Assets
$5,901,596
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1892
Legal Domicile
IL
Principal Officer
Kenneth D Schmidt MD
Phone
3128291446
Tax Period
2023-07-01 to 2024-06-30

Chicago Foundlings Home, founded in 1892, is a small nonprofit in the Human Services sector that reported $546K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $5.9M represent 130 months of operating reserves.

Mission

The Home currently provides support to charitable organizations that provide care, education and other services in community-based settings to expectant mothers, mothers, infants and children. Additionally, the Home provides required information on any adoption processed by the Home to respective adoptees, mothers who gave up their children for adoption and, if for medical reasons, to parents of the adoptees.

Program Service Accomplishments

Program 1
Expenses: $357,718

Programs that provide prenatal care and family planning services to teens and young adults.Rush Adolescent Family Center is one of the oldest, most respected prenatal and family planning clinics for...

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Programs that provide prenatal care and family planning services to teens and young adults.Rush Adolescent Family Center is one of the oldest, most respected prenatal and family planning clinics for teens. The Prenatal Care Program provides a full range of care, with prenatal counseling and education programs. The Family Planning Program provides confidential gynecological care, contraceptive and counseling services. The Community Education Program provides pregnancy prevention, family life education and reproductive health education to teens and preteens attending Chicago area schools and agencies.Holy Family New Beginnings Program is a prenatal care program designed to provide the best possible environment for babies to be born healthy. A bilingual staff provides counseling and emotional support as well as exams, lab testing, nutritional counseling, childbirth classes, infant care, parenting, siblings and assistance in filing for benefits.

Program 2
Expenses: $92,506

Programs to guide children in group housing situation to make healthy choices.The Mercy Works Program at Mercy Home for Boys and Girls offers an opportunity for volunteers to gain professional...

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Programs to guide children in group housing situation to make healthy choices.The Mercy Works Program at Mercy Home for Boys and Girls offers an opportunity for volunteers to gain professional experience in a year long program which provides weekly community nights and periodic retreats for the children at Mercy Home. It builds community and an additional source of motivation and spiritual grounding.The SOS Children's Villages provides a viable alternative to traditional foster care. Children may stay with their biological siblings in private homes. A full-time trained foster parent lives with them and the whole village gives them support, compassion and strength.

Program 3
Expenses: $7,718

The Home provides required information on any adoption processed by the Home to respective adoptees, mothers who gave up their children for adoption and, if for medical reasons, to parents of the...

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The Home provides required information on any adoption processed by the Home to respective adoptees, mothers who gave up their children for adoption and, if for medical reasons, to parents of the adoptees.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $376,921
Program Service Revenue $0
Investment Income $169,427
Other Revenue $0
TOTAL REVENUE $546,348

Expense Breakdown

Grants Paid $434,788
Salaries & Benefits $42,199
Fundraising Expenses $0
Program Expenses $457,942
Other Expenses $55,906
TOTAL EXPENSES $532,893

Year-over-Year Comparison

2023 2022 Change
Revenue $546,348 $473,561 +0.2%
Expenses $532,893 $556,427 0.0%
Net Income $13,455 $-82,866 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
4
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$12,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kenneth D Schmidt MD President 3.00
Officer Director
$0 $0 $0
Neal Langdon Vice-President 1.00
Officer Director
$0 $0 $0
Craig Bazzani Secretary/Asst. Treasurer 1.00
Officer Director
$0 $0 $0
Rick Kramer Treasurer/Asst. Secretary 1.00
Officer Director
$0 $0 $0
Christopher Merrill Director 1.00
Director
$0 $0 $0
Katie Livingston Brock Program Director 7.00
Director
$12,000 $0 $12,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $546,348 $532,893 $5,912,973 $13,455
2023 $473,561 $556,427 $5,569,747 $-82,866
2022 $762,551 $583,474 $5,219,100 $179,077
2021 $740,853 $575,235 $6,181,422 $165,618
2020 $762,546 $573,357 $5,039,424 $189,189
2019 $564,812 $570,795 $5,317,247 $-5,983
2018 $629,752 $561,886 $5,316,865 $67,866
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