Hennepin Health Foundation
- Assets
- $42.8m
- Revenue
- $16.7m
- Investments
- $23.2m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 41-0845733
Organization Overview
Hennepin Health Foundation, operating under the name Hennepin Healthcare Foundation, is located in Minneapolis, MN. The organization was established in 2015. 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. Hennepin Healthcare 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, Hennepin Healthcare Foundation generated $16.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $10.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hennepin Healthcare Foundation has awarded 23 individual grants totaling $47,280,762. 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
TO RAISE AND ADMINISTER PHILANTHROPIC SUPPORT FOR HENNEPIN HEALTHCARE SYSTEM, INC.HENNEPIN HEALTH FOUNDATION (HHF) SUPPORTS THE MISSION OF HENNEPIN HEALTHCARE SYSTEM, INC. (HHS), MINNESOTA'S LARGEST PUBLIC SAFETY NET AND ACADEMIC MEDICAL CENTER. HENNEPIN HEALTHCARE IS HOME TO THE LARGEST AND BUSIEST TRAUMA CENTER IN THE STATE AND TRAINS THE MAJORITY OF THE PHYSICIANS, NURSES AND CLINICIANS WHO CARE FOR THE CITIZENS OF THIS STATE. HENNEPIN HEALTHCARE'S HOSPITAL AND CLINICS DELIVER MORE THAN 92,000 EMERGENCY AND URGENT CARE VISITS AND APPROXIMATELY 675,000 CLINIC VISITS EACH YEAR. HENNEPIN HEALTH FOUNDATION RAISES AND ADMINISTERS PHILANTHROPIC SUPPORT FOR HENNEPIN HEALTHCARE SYSTEM AND ITS RESEARCH ARM, HENNEPIN HEALTHCARE RESEARCH INSTITUTE (HHRI).
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNOVATIONS IN PATIENT CARE: WITH OVER 4,000 PATIENTS AND THEIR FAMILIES SEEKING CARE EACH DAY, EVERY GIFT CAN EMPOWER AND PROVIDE COMFORT DURING TIMES OF UNCERTAINTY. DONATIONS SUPPORT A VARIETY OF URGENT NEEDS OF OUR PATIENT POPULATION, REMOVE BARRIERS TO HEALTHCARE ACCESS, MAXIMIZE TECHNOLOGY TO ADVANCE HEALTHIER OUTCOMES, AND LAUNCH INNOVATIONS THAT EMPOWER PATIENTS AND THEIR FAMILIES TO TAKE CHARGE OF THEIR HEALTH CARE. THERE IS ENORMOUS POTENTIAL TO IMPROVE THE HEALTH OF OUR COMMUNITY, EVEN TARGETING SPECIFIC POPULATIONS OR DISEASES. HENNEPIN HEALTHCARE HAS MANY EFFORTS UNDERWAY TO EXTEND CARE BEYOND THE WALLS OF OUR CLINICS AND HOSPITAL. THROUGH MVNA AND HOSPICE OF THE TWIN CITIES, HHS EXPANDS THE OPPORTUNITY FOR DONORS TO SUPPORT THE DELIVERY OF HEALTHCARE IN SHELTERS, PRIVATE HOMES, SCHOOLS, BUSINESSES, AND COMMUNITY CENTERS. EXAMPLES INCLUDE: SUPPORT FOR APPOINTMENT TRANSPORTATION, ACCESS TO CLOTHING AND FOOD, ASSISTANCE WITH MEDICAL EQUIPMENT, LODGING FOR OUT-OF-TOWN FAMILIES, AND ENHANCED SERVICES FOR YOUTH, THE LGBTQ COMMUNITIES, MOTHER-BABY, THOSE IN COUNTY JAIL, AND THE HOMELESS.
CLINICAL RESEARCH: INSIGHTS PROVIDED BY MEDICAL RESEARCH AT HENNEPIN HEALTHCARE LOOK TO LESSEN THE IMPACT OF TODAY'S HEALTH PROBLEMS. RESEARCH PRIORITIES INCLUDE: ADDICTION, COVID-19, HEALTH SERVICES, INFECTIOUS DISEASE/HIV, AND ACUTE CARE/TRAUMA. FINANCIAL SUPPORT CAN IMPACT THE SUCCESS OF THIS RESEARCH DIRECTED BY THE HENNEPIN HEALTHCARE RESEARCH INSTITUTE.
EDUCATING THE WORKFORCE OF TOMORROW: HENNEPIN HEALTHCARE IS HOME TO OVER 15 RESIDENCY AND FELLOWSHIP TRAINING PROGRAMS AND IS THE PRIMARY TEACHING AFFILIATE OF THE UNIVERSITY OF MINNESOTA AND MORE THAN 60 MINNESOTA SCHOOLS. WE ARE A PLACE OF LEARNING AND INNOVATION FOR THOUSANDS OF HEALTH CARE PROVIDERS EACH YEAR, INCLUDING: FIRSTRESPONDERS, RESIDENT PHYSICIANS, NURSING STUDENTS, AND MEDICAL STUDENTS IN ROTATIONS. DONATIONS HELP ENHANCE TRAINING OPPORTUNITIES AND RESIDENCY PROGRAMS, PURCHASE EQUIPMENT, AND EXPAND TRAUMA PREVENTION OUTREACH, TELEMEDICINE, AND RURAL HEALTH EDUCATION.
TRAUMA AND CRITICAL CARE: HENNEPIN HEALTHCARE IS HOME TO THE LARGEST AND BUSIEST LEVEL 1 TRAUMA CENTER IN THE STATE, INCLUDING A PEDIATRIC LEVEL 1 TRAUMA CENTER. GENEROSITY PROVIDES FUNDING TO THE PATIENT CARE SERVICES RELATED TO HHS'S LEVEL 1 TRAUMA DESIGNATIONS SUCH AS PATIENT COMFORT IN TRAUMATIC BRAIN INJURY, THE BURN UNIT, STROKE CARE, HEART CLINIC, REGIONAL POISON CENTER AND TOXICOLOGY CARE, CARE DURING AND AFTER TRANSPLANT, AND CARE IN DEALING WITH THE EFFECTS OF DOMESTIC VIOLENCE, SEXUAL ASSAULT, CHILD ABUSE AND NEGLECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Fraley Inpatient Applications Manager, Director | Trustee | 5 | $0 |
Meghan Walsh Chief Academic & Research Officer, Md, Director | Trustee | 5 | $0 |
Allyson Brotherson Senior Medical Director, Director | Trustee | 5 | $0 |
Ryan Antkowiak Director | Trustee | 5 | $0 |
Courtney Godfrey Director | Trustee | 5 | $0 |
Aileen Guiney JD Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $190,390 |
| Related organizations | $10,505,054 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,569,063 |
| Noncash contributions included in lines 1a–1f | $68,588 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,264,507 |
| Total Program Service Revenue | $497,944 |
| Investment income | $939,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$45,738 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,663,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,260,142 |
| 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. | $376,004 |
| Compensation of current officers, directors, key employees. | $208,820 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,143,208 |
| Pension plan accruals and contributions | $159,837 |
| Other employee benefits | $319,203 |
| Payroll taxes | $184,311 |
| 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 | $886,015 |
| Advertising and promotion | $0 |
| Office expenses | $379,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,340 |
| Travel | $146,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $862 |
| All other expenses | $0 |
| Total functional expenses | $10,308,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $734,698 |
| Accounts receivable, net | $86,700 |
| 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 | $17,632,916 |
| Investments—other securities | $23,212,117 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,161,362 |
| Total assets | $42,827,793 |
| Accounts payable and accrued expenses | $76,282 |
| Grants payable | $756,028 |
| 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 | $399,881 |
| Total liabilities | $1,232,191 |
| Net assets without donor restrictions | $2,200,630 |
| Net assets with donor restrictions | $39,394,972 |
| 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 | $42,827,793 |
Grants Awarded
Over the last fiscal year, Hennepin Health Foundation has awarded $5,260,142 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HENNEPIN HEALTHCARE RESEARCH INSTITUTE PURPOSE: ESTABLISHED ENDOWMENT AND DONATIONS TOWARDS RESEARCH ACTIVITIES | $42,338 |
HENNEPIN HEALTHCARE SYSTEM INC PURPOSE: PROGRAMMATIC ACTIVITIES INCLUDING FUNDING THE DENTAL CLINIC AND THE REDLEAF CENTER FOR FAMILY HEALING | $5,080,758 |
FIREFIGHTERS FOR HEALING PURPOSE: TO SUPPORT THE CENTER BEING BUILT WHICH WILL HELP FIREFIGHTERS FAMILIES WHILE THE FIREFIGHTERS ARE RECEIVING CARE AT HENNEPIN HEALTHCARE | $137,046 |