Oak Park/River Forest
Infant Welfare Society
Oak Park/River Forest
Infant Welfare Society
OAK PARK AND RIVER FOREST INFANT WELFARE SOCIETY

2002-2003
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Finances

The Infant Welfare Clinic is funded through a combination of grants, public aid reimbursements, a sliding fee scale and Infant Welfare Society fundraisers. In the last year the clinic received grants
from the Visiting Nurses Foundation, the Michael Reese Health Trust, the Villages of Oak Park and Berwyn Community Development Block Grants, the Oak Park and River Forest Community Foundation and the Illinois Department of Public Health.

Approximately 40% of the patients receive public aid.  Although fees for services are calculated on a sliding scale based on family size and income, no patient is refused care for inability to pay.  Medications and laboratory testing are subsidized if a patient has difficulty with payment. 


The Infant Welfare Society supports the clinic with numerous fundraisers throughout the year. The annual ASID Showcase House is the primary fundraiser supported by all the Infant Welfare members.

We are also grateful to the many individual community donors who contributed to the Infant Welfare Clinic this past year.
The Oak Park/River Forest Infant Welfare Society is a 501 C3 not-for-profit organization.
320 Lake Street  Oak Park, IL 60302  Phone: 708-848-0528  Fax: 708-848-5855  Email: infantwelfareop@sbcglobal.net
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Assets
                                        
                    Current Assets                                        
                              Cash and cash equivalents                     265,241
                              Grants and accounts receivable             49,181
                              Prepaid expenses                                       8,921
                              Security Deposit                                         5,000
                              Investments                                             399,567
                              Equipment and improvements, net      335,059
                                        
                              Total Assets                                             1,062,969
                                        
                                        
                                        
Liabilities
                                        
                              Accounts Payable                                       3,867
                              Accrued Expenses                                        120
                              Obligation under capital lease                  3,089
                                        
                              Total Liabilities                                            7,076
                                        
                                        
                                        
Net Assets
                              
                              Unrestricted                                             1,054,808
                              Temporarily restricted                                     1,085
                                        
                              Total Net Assets                                      1,055,893
                                        
                              Total Liabilities and Net Assets            1,062,969
                                                  

Statement of Financial Position, June 30, 2003