Nonprofit · EIN 37-1157915
PRAIRIE RESEARCH AND EDUCATION COOPERATIVE
Tax-exempt · SPRINGFIELD, IL 62707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,044,537 | $3,469,005 | -$424,468 | $4,614,214 | $282,791 | $4,331,423 |
| June 30, 2024 | 990 | $4,015,074 | $3,905,132 | $109,942 | $4,991,472 | $313,855 | $4,677,617 |
| June 30, 2023 | 990 | $4,083,136 | $3,955,138 | $127,998 | $4,983,358 | $432,824 | $4,550,534 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $32,071
- Program service revenue
- $2,958,344
- Investment income
- $54,122
- Net gain from sales of assets
- -$11,901
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,613,013
- Other salaries and wages
- $880,076
- Salaries, compensation and benefits (total)
- $2,919,938
- Professional fundraising fees
- $0
- Occupancy
- $214,488
- Travel
- $15,076
- Depreciation
- $9,086
- Program services (functional)
- $2,984,707
- Management and general (functional)
- $484,298
Balance sheet and other
- Total assets, start of year
- $4,991,472
- Total assets, end of year
- $4,614,214
- Total liabilities, end of year
- $282,791
- Net assets, end of year
- $4,331,423
- Land, buildings and equipment
- $10,475
- Publicly traded securities
- $4,551,560
- Net assets without donor restrictions
- $4,331,423
- Gross receipts
- $3,056,438
- Employees
- 21
- Volunteers
- 4
- Year formed
- 1984
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Bharath Rajagopalan MD | Board Member / Physician Trustee or director | 60 | $1,340,660 | $0 | $58,473 |
| AVINASH MURTHY MD | Board Member / Physician Trustee or director | 1 | $0 | $1,000,461 | $29,292 |
| Michael Scialdone | Treasurer / HSHS SVP & CFO Officer | 0.3 | $0 | $780,312 | $132,635 |
| Kevin Lewis MD | BOARD MEMBER / HSHS Chief Clinical Officer Trustee or director | 2.5 | $0 | $747,020 | $137,374 |
| PETER KUNG | Board Member/HSHS SVP-CHIEF STRATEGY OFFICER Trustee or director | 1.2 | $0 | $545,334 | $112,570 |
| Paige Toth | Secretary Officer | 0.3 | $0 | $293,537 | $75,167 |
| JENNY CHAMBERS | Executive Director - PERC Trustee or director, Officer | 40 | $195,435 | $0 | $18,445 |
| Lauren McNeil | Manager - Research Highest-paid employee | 60 | $101,703 | $0 | $19,325 |
| Brenda Jeffers | Chair Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| LARRY HARDY | Board Member, Chair (began 11/1/24) Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| Dennis Rizzo | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| JANET ROGLIS | Board Member Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Bharath Rajagopalan MD | Board Member / Physician Trustee or director | 40 | $1,200,828 | $0 | $46,438 |
| AVINASH MURTHY | Board Member Trustee or director | 1 | $0 | $817,374 | $28,587 |
| MARC SHELTON MD | Former PRESIDENT/CEO (until 4/6/23) / Physician Former | 0 | $0 | $800,128 | -$2,937 |
| Suresh Kulandhaisamy MD | Physician Highest-paid employee | 40 | $669,834 | $0 | $32,792 |
| PETER KUNG | Board Member / HSHS SVP-Chief Strategy Officer Trustee or director | 1 | $0 | $513,219 | $117,149 |
| Kevin Lewis MD | Board Member / HSHS SVP & Chief Physician Executive Trustee or director | 2 | $0 | $418,068 | $39,634 |
| Paige Toth | Secretary (began 11/1/23) Officer | 4.3 | $0 | $306,108 | $66,169 |
| JENNY CHAMBERS | Executive Director - PERC Trustee or director, Officer | 40 | $188,272 | $0 | -$16,703 |
| Brenda Jeffers | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Dennis Rizzo | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| JANET ROGLIS | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| LARRY HARDY | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Michael Scialdone | Treasurer / HSHS SVP & CFO (began 01/08/24) Officer | 0.3 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC SHELTON MD | 2022 PRESIDENT & CEO (until 4/6/23) / Physician Trustee or director, Officer | 2.5 | $0 | $1,330,720 | $163,339 |
| AVINASH MURTHY | DIRECTOR Trustee or director | 1 | $0 | $918,152 | $46,488 |
| Bharath Rajagopalan MD | Director / physician Trustee or director | 40 | $839,776 | $0 | $42,743 |
| Suresh Kulandhaisamy MD | physician Highest-paid employee | 40 | $463,490 | $0 | $60,909 |
| JACOB KITCHENER | DIRECTOR (until 1/31/23) Trustee or director | 1 | $0 | $274,205 | $74,747 |
| JENNY CHAMBERS | COO Key employee | 40 | $232,260 | $0 | $6,260 |
| Preetham Muskula | Advanced Vascular Fellow Highest-paid employee | 40 | $158,021 | $0 | $16,239 |
| Brenda Jeffers | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JANET ROGLIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN VOSS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4936 LAVERNA RD, SPRINGFIELD, IL 62707-9797
- Principal officer (990 for 2024)
- Jenny Chambers, 800 E Carpenter Street 62, Springfield, IL 62769
- Signed the 990
- Damond Boatwright, President and CEO
- Phone
- (217) 492-9100
- Website
- www.hshs.org/heart/perc
- Return prepared by
- CROWE LLP
Mission
THE PURPOSE OF THE ORGANIZATION IS TO ENGAGE IN ACTIVE CONTINUOUS MEDICAL RESEARCH TO FURTHER THE UNDERSTANDING OF APPLICATIONS OF NEW MODES OF THERAPY FOR CARDIOVASCULAR DISEASE, DIABETES AND NEUROLOGICAL DISORDERS.
Program accomplishments
- Continuing Education: Provide all forms of continuing education for the entire Hospital Sisters Health System. The program strives to provide educational activities that are based on identified gaps through a formal needs assessment involving the educational facilitators, program planners, and content reviewers. The scope of the programs include, but are not limited to: cardiac, vascular, and general medical care, including prevention, diagnosis, treatment, rehabilitation, quality improvement, and cost effectiveness. There were approximately 90 CME and 38 CNE events conducted in FY 2025.Expenses $1,544,192 · revenue $1,672,650
- Participate in Phase I-IV clinical trials as an enrolling site in a wide range of therapeutic areas with a focus on cardiovascular, diabetes, and neurology research. Trials are sponsored and funded by device and pharmaceutical companies. Participated in approximately 38 cardiovascular trials, 11 diabetes trials, and 15 neurology trials in FY 2025. Conduct Clinical Events Committee (CEC) and Data and Safety Monitoring Board (DSMB) management for medical device sponsors. Provide individuals with expertise to advise the sponsor on the continuing safety of trial subjects. Provide oversight of trial data to determine that sponsors are compliant with conducting trials that are ethical, safe for subjects, and produce good, reliable data. Provided CEC/DSMB management for approximately 3 clinical trials in FY 2025.Expenses $1,440,515 · revenue $1,285,694
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 37-1157915
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H43Z)
- Assets (IRS master file)
- $4,614,214
- Income (IRS master file)
- $3,056,438
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,044,537 | $3,469,005 | $4,614,214 | IRS |
| 990 | June 2024 | $4,015,074 | $3,905,132 | $4,991,472 | IRS |
| 990 | June 2023 | $4,083,136 | $3,955,138 | $4,983,358 | XML |
| 990 | June 2022 | $4,199,666 | $3,917,434 | $4,417,610 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-1157915).
Questions about PRAIRIE RESEARCH AND EDUCATION COOPERATIVE
- What is the EIN of PRAIRIE RESEARCH AND EDUCATION COOPERATIVE?
- The employer identification number (EIN) of PRAIRIE RESEARCH AND EDUCATION COOPERATIVE is 37-1157915.
- Is PRAIRIE RESEARCH AND EDUCATION COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to PRAIRIE RESEARCH AND EDUCATION COOPERATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRAIRIE RESEARCH AND EDUCATION COOPERATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRAIRIE RESEARCH AND EDUCATION COOPERATIVE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRAIRIE RESEARCH AND EDUCATION COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PRAIRIE RESEARCH AND EDUCATION COOPERATIVE?
- The 990 for the year ended June 30, 2025 names Jenny Chambers.
- Who are the officers and directors of PRAIRIE RESEARCH AND EDUCATION COOPERATIVE?
- The 990 for the year ended June 30, 2025 lists 12 people; 3 received compensation from the organization, the highest $1,340,660 (Bharath Rajagopalan MD, Board Member / Physician).
- How much revenue does PRAIRIE RESEARCH AND EDUCATION COOPERATIVE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,044,537, expenses of $3,469,005 and total assets of $4,614,214 at year end.
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