Allina Health Foundation
- Assets
- $229.5m
- Revenue
- $29.4m
- Investments
- $215.1m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 11/2011
- Data as of
- 12/2022
- EIN
- 27-4116873
Organization Overview
Allina Health Foundation is located in Minneapolis, MN. The organization was established in 2011. 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. Allina Health 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, Allina Health Foundation generated $29.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $9.4m during the year ending 12/2022. While expenses have increased by 14.2% per year over the past 8 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 2014, Allina Health Foundation has awarded 70 individual grants totaling $22,211,694. 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
THE ALLINA HEALTH FOUNDATION IS DEDICATED TO RAISING PHILANTHROPIC SUPPORT TO ADVANCE THE MISSION OF ALLINA HEALTH TO SERVE OUR COMMUNITIES BY PROVIDING EXCEPTIONAL CARE, AS WE PREVENT ILLNESS, RESTORE HEALTH AND PROVIDE COMFORT TO ALL WHO ENTRUST US WITH THEIR CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT PROGRAMS, SERVICES, AND CLINICAL EDUCATION:OPERATIONAL GRANTS TO SUPPORT PROGRAMS INCLUDING CONTINUING EDUCATION, INTEGRATIVE MUSIC AND MASSAGE THERAPY, AND PATIENT CARE PROGRAMS ACROSS ALLINA HEALTH. EMERGENCY FINANCIAL ASSISTANCE FOR QUALIFYING CANCER PATIENTS TO HELP WITH EVERYDAY EXPENSES.
CARING FOR COLLEAGUES:FUNDS TO PROVIDE EMERGENCY FINANCIAL ASSISTANCE TO EMPLOYEES OF ALLINA HEALTH WHO FACED UNEXPECTED AND SEVERE FINANCIAL STRAIN DUE TO CRISIS EVENT.
CONSTRUCTION AND MEDICAL EQUIPMENT:FUNDING FOR THE SURGICAL ONCOLOGY CENTER ROBOTIC LEASE AT UNITED HOSPITAL. FUNDING FOR THE TOTAL JOINT REPLACEMENT CAPITAL CAMPAIGN AT UNITED HOSPITAL. FUNDING FOR BREAST CANCER SPECIMEN IMAGER AT NEW ULM MEDICAL CENTER.
RESEARCH:A CLINICAL STUDY TO EXAMINE THE OUTCOMES OF A NEW OUTPATIENT CERVICAL RIPENING PROGRAM AT ALLINA MOTHER BABY CENTERS. A PHARMACY-DRIVEN PENICILLIN ALLERGY DE-LABELING PILOT PROGRAM IN PRE-OPERATIVE CORONARY ARTERY BYPASS GRAFT SURGERY AND SPINE SURGERY PATIENTS. COMPLEX MEMORY CARE, MOVEMENT DISORDERS, AND DEEP BRAIN STIMULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Lacroix Director/chair | OfficerTrustee | 2 | $0 |
Andy Krane Director | Trustee | 2 | $0 |
Cyndi Lesher Director | Trustee | 2 | $0 |
Charlie Montreuil Director | Trustee | 2 | $0 |
Chris Morrison Director/vice Chair (part-Year) | OfficerTrustee | 2 | $0 |
Ron Poole Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,622,693 |
| Noncash contributions included in lines 1a–1f | $304,167 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,622,693 |
| Total Program Service Revenue | $0 |
| Investment income | $3,440,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,375,968 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,439,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,197,820 |
| Grants and other assistance to domestic individuals. | $1,154,000 |
| 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 | $0 |
| 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 | $66,261 |
| 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 | $9,418,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,022,512 |
| 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 | $215,133,435 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,327,267 |
| Total assets | $229,483,214 |
| 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 | $2,163,865 |
| Total liabilities | $2,163,865 |
| Net assets without donor restrictions | $41,185,067 |
| Net assets with donor restrictions | $186,134,282 |
| 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 | $229,483,214 |
Grants Awarded
Over the last fiscal year, Allina Health Foundation has awarded $8,197,820 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALLINA HEALTH SYSTEM PURPOSE: OPERATIONAL GRANTS TO SUPPORT PROGRAMS INCLUDING CONTINUING EDUCATION, INTEGRATIVE MUSIC AND MASSAGE THERAPY, AND PATIENT CARE PROGRAMS ACROSS ALLINA HEALTH SYSTEM | $4,874,641 |
ALLINA HEALTH SYSTEM PURPOSE: FUNDING FOR THE SURGICAL ONCOLOGY CENTER ROBOTIC LEASE AND FUNDING FOR THE TOTAL JOINT REPLACEMENT CAPITAL CAMPAIGN AT UNITED HOSPITAL. | $727,896 |
ALLINA HEALTH SYSTEM PURPOSE: FUNDING FOR BREAST CANCER SPECIMEN IMAGING AT NEW ULM MEDICAL CENTER | $329,116 |
ALLINA HEALTH SYSTEM PURPOSE: EMERGENCY FINANCIAL ASSISTANCE FOR QUALIFYING CANCER PATIENTS TO HELP WITH EVERYDAY EXPENSES | $2,266,167 |