United Hospital Foundation
- Assets
- $0.0
- Revenue
- $742.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/2016
- Data as of
- 04/2022
- EIN
- 23-7420998
Organization Overview
United Hospital Foundation is located in Minneapolis, MN. The organization was established in 2016. 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. United Hospital 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 04/2022, United Hospital Foundation generated $742.4k 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 (22.3%) each year. All expenses for the organization totaled $321.4k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (32.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, United Hospital Foundation has awarded 101 individual grants totaling $41,085,282. 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 ENHANCE THE HEALTH OF UNITED HOSPITAL PATIENTS AND THE WELLNESS OF THE COMMUNITY WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL STAFF EDUCATION & RESEARCH -FUNDING IS GRANTED TO APPLICANTS WHO SUBMIT AN APPLICATION FOR MEDICAL EDUCATION AND RESEARCH PROGRAMS AT UNITED HOSPITAL THAT SUPPORT ITS MISSION, VALUES, AND STRATEGIC GOALS AND PLANS. THESE MAY INCLUDE RESEARCH, PUBLICATION, EDUCATION PROJECTS, DEVELOPMENTAL PROJECTS WITH CLINICAL APPLICATIONS, AND EDUCATION MEETINGS FOR THE BENEFIT OF FULL AND PART-TIME UNITED HOSPITAL-BASED PHYSICIANS AND OTHER HEALTH PROFESSIONALS.
PATIENT/STAFF CARE -TO SUPPORT COMMUNITY INVOLVEMENT AND PROVIDE SERVICES TO ENHANCE PATIENT CARE. FUNDING TO EXPAND THE HEART SAFE PROGRAM THROUGH THE PURCHASE OF AN ADDITIONAL 10 AED'S; PROVIDE EQUIPMENT FOR PHYSICAL THERAPY REHABILITATION; FURNITURE FOR THE BREAST CENTER LIBRARY; SENSORY ROOM EQUIPMENT; EMPLOYEE HEALTH EVENT; AND COMMUNITY MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Byrd Director/president | OfficerTrustee | 2 | $0 |
Richard Magnuson CFO | Officer | 2 | $0 |
Phillip Krolik Treasurer/vp Finance | Officer | 2 | $0 |
Jose Bernard MD Director | Trustee | 2 | $0 |
Jill Ostrem Director | Trustee | 2 | $0 |
Sara Criger Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $267,963 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,367 |
| Total Program Service Revenue | $0 |
| Investment income | $119,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $742,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,418 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $769 |
| 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 | $145 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $79 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $884 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $851 |
| Total functional expenses | $321,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, United Hospital Foundation has awarded $4,912,576 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: TO SUPPORT UNITED HOSPITAL MENTAL HEALTH CAPITAL CAMPAIGN FOR IMPROVED PATIENT ROOMS AND TREATMENT CENTERS. | $2,164,505 |
Minneapolis, MN PURPOSE: TO SUPPORT MEDICAL EDUCATION , EXERCISE PROGRAM, HEART HEALTH PROGRAMS, RESEARCH AND VARIOUS UNITED HOSPITAL OPERATIONS | $1,594,126 |
Minneapolis, MN PURPOSE: TO SUPPORT THE CAPITAL EXPANSION AND IMPROVEMETNS FOR THE UNITED PAIN CENTER AND MIDWEST SPINE. THIS PROVIDED IMPROVED PATIENT CARE SERVICES AND ACCESS TO SUBSPECIALTY CLINICAL SERVICES AS WELL AS RESEARCH ADVANTAGES. | $501,225 |
Minneapolis, MN PURPOSE: TO SUPPORT CATHOLIC CHARITITES HIGHER GROUND ST. PAUL MEDICAL RESPITE PROJECT FOR THE HOMELESS. | $231,138 |
Minneapolis, MN PURPOSE: TO SUPPORT THE EXPANSION OF THE UNITED HEART & VASCULAR CLINIC WITH TECHNOLOGY ON THE 5TH FLOOR AND RENOVATED SPACE WITH IMPROVED TECHNOLOGY ON THE 1ST FLOOR OF THE NASSEFF SPECIALTY CENTER. THE 5TH FLOOR CLINIC IS PRIMARILY VASCULAR FOCUSED INCLUDING A LIMB PRESERVATION CLINIC. | $228,374 |
Minneapolis, MN PURPOSE: TO SUPPORT UNITED PAIN CENTER AND UNITED MEDICAL SPECIALTIES CAPITAL CAMPAIGNS | $62,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that United Hospital Foundation has recieved totaling $470,844.
| Awarding Organization | Amount |
|---|---|
Fred C And Katherine B Andersen Foundation Bayport, MN PURPOSE: GENERAL SUPPORT | $250,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $220,844 |
Endowment Analysis
| Beg. Balance | $39,178,776 |
| Earnings | -$665,792 |
| Other Expense | -$34,232 |
| Ending Balance | $38,478,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teamsters Local 346 Health Fund Trust Bloomington, MN | $55,790,921 | $66,782,892 |
Healthpartners Institute Minneapolis, MN | $92,324,263 | $47,741,048 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |
Pioneer Healthcare Tr Fargo, ND | $21,487,108 | $28,269,563 |
Oklahoma Gas And Electric Company Employees Medical Benefit Trust Des Moines, IA | $55,573 | $22,996,745 |
Roofers Local 96 Health & Welfare Fund Bloomington, MN | $17,573,620 | $18,996,626 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund Duluth, MN | $9,554,218 | $16,178,140 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |