Park Nicollet Foundation
- Assets
- $66.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis Park, MN
- Founding
- 02/1974
- Data as of
- 12/2022
- EIN
- 23-7346465
Organization Overview
Park Nicollet Foundation is located in St Louis Park, MN. The organization was established in 1974. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Nicollet 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 12/2022, Park Nicollet Foundation generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Park Nicollet Foundation has awarded 141 individual grants totaling $33,670,199. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF OUR PATIENTS, FAMILIES AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth A Warner Jan-Sept Director & Exec Director | OfficerTrustee | 40 | $0 |
Dean Buresh Director (jan-Sept) | Trustee | 0.5 | $0 |
Kim Cassens Director & Chair | OfficerTrustee | 1.6 | $0 |
Mark Cheeley Jan-Nov Director & Vice Chair | OfficerTrustee | 0.5 | $0 |
Anab Gulaid Director & Secretary | OfficerTrustee | 0.8 | $0 |
Alena Johnson Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,725 |
| Related organizations | $163,771 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,054,172 |
| Noncash contributions included in lines 1a–1f | $67,324 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,317,668 |
| Total Program Service Revenue | $0 |
| Investment income | $903,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,144 |
| Net Income from Fundraising Events | $4,734 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,305,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,267,339 |
| Grants and other assistance to domestic individuals. | $3,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $51,482 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,141,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,056,501 |
| Savings and temporary cash investments | $3,463,071 |
| Pledges and grants receivable | $10,554,737 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $43,231,898 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $526,498 |
| Total assets | $66,832,705 |
| Accounts payable and accrued expenses | $502,995 |
| Grants payable | $2,747,435 |
| 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 | $0 |
| Total liabilities | $3,250,430 |
| Net assets without donor restrictions | $9,096,364 |
| Net assets with donor restrictions | $54,485,911 |
| 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 | $66,832,705 |
Grants Awarded
Over the last fiscal year, Park Nicollet Foundation has awarded $2,227,321 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PORTICO HEALTHNET PURPOSE: PROVIDING INSURANCE NAVIGATION AND RESOURCES TO ASSIST UNINSURED FAMILIES WITH ACCESS TO HEALTH CARE COVERAGE AND CARE. | $16,000 |
CHILDREN'S DENTAL SERVICES PURPOSE: FREE DENTAL CARE FOR DISADVANTAGED YOUTH AND PREGNANT WOMEN. | $55,000 |
PARK NICOLLET METHODIST HOSPITAL PURPOSE: TO SUPPORT PROGRAMS AND SERVICES FOR PATIENTS, FAMILIES AND COMMUNITY MEMBERS THROUGH: HOSPICE, GROWING THROUGH GRIEF, NURSE PROGRAM, STRUTHERS PARKINSON'S CENTER, MELROSE CENTER, FRAUENSHUH CANCER CENTER, HOMECARE, HOSPICE, PATIENT AND STAFF EDUCATION AND RESEARCH PROJECTS, HOSPITAL CAFETERIA, FAMILY BIRTH CENTER, INTEGRATIVE THERAPY, PEDIATRIC PROGRAMS AND SPIRITUAL CARE, STROKE INSPIRE. | $1,632,136 |
RICHFIELD PUBLIC SCHOOLS PURPOSE: ADMINSTRATIVE SUPPORT FOR THE RICHFIELD HEALTH RESOURCE CENTER | $11,000 |
PARK NICOLLET CLINIC PURPOSE: TO SUPPORT PROGRAMS AND SERVICES FOR PATIENTS, FAMILIES AND COMMUNITY MEMBERS THOUGH: CANCER SUPPORT, MENTAL HEALTH, SCHOOL BASED HEALTH RESOURCE CENTERS, JANE BRATTAIN BREAST CENTER, FAMILY AND PEDIATRIC MEDICINE, WOMENS SERVICES AND CENTER, PATIENT AND STAFF EDUCATION RESEARCH PROJECTS AND PATIENT CARE ELEMENTS IN CLINICS. | $232,185 |
BROOKLYN CENTER COMMUNITY SCHOOLS PURPOSE: ADMINISTRATIVE SUPPORT FOR THE BROOKLYN CENTER HEALTH RESOURCE CENTER. | $11,000 |