Lakeview Health
- Assets
- $126.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 30-0221189
Organization Overview
Lakeview Health is located in Minneapolis, MN. The organization was established in 2005. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, 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. Lakeview Health 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, Lakeview Health generated $2.5m 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 (7.9%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET THE HEALTHCARE NEEDS OF THE SERVICE AREA POPULATION.
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 |
|---|---|---|---|
Mike Anderson Vice Chair & Director | OfficerTrustee | 0.58 | $0 |
Elizabeth Bradshaw Director | Trustee | 0.58 | $0 |
Jason Howard Director | Trustee | 0.58 | $0 |
Sharon Tolva Treasurer & Director | OfficerTrustee | 0.58 | $0 |
Sue Hedlund Director | Trustee | 0.58 | $0 |
John Uppgren Director | Trustee | 0.58 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pavilion Advisory Group Inc Investment Consultant | 12/30/17 | $166,513 |
Kruskopf & Company Advertising | 12/30/17 | $135,973 |
View All Vendors
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,543,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,543,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $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 | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,395,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,874 |
| 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 | $20,873 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $123,504,276 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $125,980,141 |
| Accounts payable and accrued expenses | $9,561 |
| 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 | $9,561 |
| Net assets without donor restrictions | $125,970,580 |
| 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 | $125,980,141 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Point Health & Wellness Center Inc Minneapolis, MN | $7,752,471 | $11,658,235 |
Agrisafe Network Inc Peosta, IA | $1,221,407 | $2,046,575 |
Midwest Reproductive Symposium Milwaukee, WI | $252,941 | $907,466 |
Minnesota Community Healthcare Network Minneapolis, MN | $153,987 | $686,677 |
Riverwood Medical Properties Llc Aitkin, MN | $4,605,260 | $126,000 |
Empira Inc Edina, MN | $301,724 | $0 |
Center For Community Health Saint Paul, MN | $156,412 | $0 |
Wisconsin Society Of Healthcare Human Resource Administrators Kimberly, WI | $40,769 | $0 |
Rei Medical Clinics Inc Ashland, WI | $807,698 | $4,097 |
East Side Health Center Inc St Paul, MN | $0 | $0 |
Lakeview Health Minneapolis, MN | $125,980,141 | $2,543,305 |
Deforest Elderly Housing Management Corp Deforest, WI | $33,902 | $0 |