Leadingage Minnesota Foundation
- Assets
- $8.0m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 20-3879574
Organization Overview
Leadingage Minnesota Foundation is located in Minneapolis, MN. The organization was established in 2008. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadingage Minnesota Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Leadingage Minnesota Foundation generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 19.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Leadingage Minnesota Foundation has awarded 192 individual grants totaling $5,055,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS INITIATIVES DESIGNED TO TRANSFORM MODELS OF SERVICE DELIVERY TO SENIORS IN MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONTRACK NURSING ASSISTANT TRAINING: THE FOUNDATION OPERATES ONTRACK, AN ASYNCHRONOUS ONLINE NURSING ASSISTANT TRAINING PROGRAM. THIS PROGRAM ADDRESSES THE DELAYS AND BARRIERS IN ACCESSING CNA TRAINING, INCREASES THE QUALITY OF THE CURRICULUM AND TRAINING, AND MEETS ALL TESTING REQUIREMENTS. IN 2023, 2,052 STUDENTS WERE TRAINED THROUGH ONTRACK.
WORKFORCE: THE FOUNDATION PROVIDED WORKFORCE GRANTS TO MANY SENIOR LIVING COMMUNITIES TO SUPPORT THEM IN RECRUITING AND RETAINING DIRECTCARE WORKFORCE EMPLOYEES.
CONNECTED COMMUNITIES: SUPPORTED BY FUNDING FROM THE MARGARET A. CARGILL PHILANTHROPIES (MACP) THE FOUNDATION CONTINUED ITS WORK ON THE CONNECTED COMMUNITIES FOR HEALTHY AGING PROJECT. THREE RURAL PILOTS WERE SUPPORTED IN ORDER TO CREATE INTEGRATED CARE SYSTEMS ACROSS AGING SERVICES, HEALTHCARE, AND COMMUNITY SUPPORTS. ASSISTANCE WAS PROVIDED TO PLAN, IMPLEMENT, AND EVALUATE OUTCOMES. OBJECTIVES INCLUDED: CONVENING AND ADVANCING LOCAL AND COLLABORATIVE WHOLE SYSTEM, WHOLE PERSON APPROACHES TO SERVING SENIORS IN COMMUNITY; EXPERIMENTING AND IMPROVING CARE OF MEDICARE ADVANTAGE ENROLLEES IN A LOCAL HEALTH PLAN IN COORDINATION WITH PROVIDERS OF PRIMARY CARE, ACUTE- AND POST-ACUTE CARE, HOME CARE, AND COMMUNITY-BASED SERVICES; CONNECTING CONSUMERS TO LOCAL RESOURCES FOR HEALTHIER AGING; IMPLEMENTING EFFECTIVE WORKFORCE STRATEGIES TO SUPPORT THIS COLLABORATIVE MODEL.
OTHER PROGRAM SERVICES:PROVIDED ADDITIONAL MENTAL HEALTH SUPPORTS TO CAREGIVERS THROUGH A PARTNERSHIP WITH WINONA STATE UNIVERSITY AND FUNDED BY A NEW GRANT FROM THE MN DEPARTMENT OF HEALTH.FUNDED CAREGIVER TRAINING ON ABUSE PREVENTION.DEVELOPED NEW RESOURCES FOR PROVIDERS TO EXPLORE AVAILABLE TECHNOLOGY TO IMPROVE SENIOR CARE OUTCOMES AND CREATE WORKFORCE EFFICIENCIES.ENGAGED IN RESEARCH TO IDENTIFY STRATEGIES TO IMPROVE DIVERSITY, EQUITY, INCLUSION AND BELONGING PRACTICES IN LONG-TERM CARE SETTINGS.FUNDED THE DEVELOPMENT OF TRAINED MEDICATION AIDE (TMA) CURRICULUM TO ADDRESS THE ACUTE SHORTAGE OF TMA'S IN MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Thurlow President/ceo | OfficerTrustee | 0 | $0 |
Robert M Dahl Chair | OfficerTrustee | 0 | $0 |
Lindsey Sand Vice Chair | OfficerTrustee | 0 | $0 |
Wayne Olson Treasurer | OfficerTrustee | 0 | $0 |
Jason Anderson Director | Trustee | 0 | $0 |
Matt Anderson Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mirabelle Managementeducare Educational Events | 12/30/23 | $812,910 |
Collective Action Lab Llc Video Production | 12/30/23 | $253,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,236 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,290,482 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,337,718 |
| Total Program Service Revenue | $1,181,844 |
| Investment income | $68,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,831 |
| Net Income from Fundraising Events | -$827 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,669,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| Grants and other assistance to domestic individuals. | $36,175 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,483 |
| Pension plan accruals and contributions | $54,657 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,667 |
| Fees for services: Other | $356,756 |
| Advertising and promotion | $2,826 |
| Office expenses | $5,398 |
| Information technology | $20,955 |
| Royalties | $0 |
| Occupancy | $44,008 |
| Travel | $5,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,172 |
| Interest | $18 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,874 |
| Insurance | $3,867 |
| All other expenses | $10,061 |
| Total functional expenses | $1,797,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,065,003 |
| Savings and temporary cash investments | $252,620 |
| Pledges and grants receivable | $2,471,592 |
| Accounts receivable, net | $23,046 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,576 |
| Investments—publicly traded securities | $2,213,739 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,042,576 |
| Accounts payable and accrued expenses | $74,907 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,706 |
| Total liabilities | $127,613 |
| Net assets without donor restrictions | $3,541,667 |
| Net assets with donor restrictions | $4,373,296 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,042,576 |
Grants Awarded
Over the last fiscal year, Leadingage Minnesota Foundation has awarded $120,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KNUTE NELSON FOUNDATION PURPOSE: WORKFORCE | $100,000 |
PERHAM HEALTH PURPOSE: GENERAL ASSISTANCE | $20,000 |