Central Mesabi Medical Foundation
- Assets
- $1.7m
- Revenue
- $319.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hibbing, MN
- Founding
- 12/1967
- Data as of
- 12/2021
- EIN
- 41-0916605
Organization Overview
Central Mesabi Medical Foundation is located in Hibbing, MN. The organization was established in 1967. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Mesabi Medical 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 12/2021, Central Mesabi Medical Foundation generated $319.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $207.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING THE REGION SERVICED BY THE AREA HOSPITAL THE FOUNDATION RAISES FUNDS TO PURCHASE THE MOST HIGHLY ADVANCED EQUIPMENT ALONG WITH FUNDING EDUCATIONAL AND OPERATIONAL PROGRAMS THAT ENHANCE THE DELIVERY OF HEALTH CARE IN NORTHEASTERN
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO AREA MEDICAL FACILITIES BY PARTNERING WITH INDIVIDUALS AND ORGANIZATIONS IN THE AREA TO ENHANCE HEALTHCARE RESOURCES AND MAXIMIZE AVAILABILITY OF HEALTHCARE OPPORTUNITIES. TO PROVIDE ASSISTANCE TO STUDENTS ENTERING THE HEALTH CARE PROFESSION AND PROMOTE COMMUNITY HEALTH AWARENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Briski President | OfficerTrustee | 1 | $0 |
Andrew Borland Secretary/treasurer | OfficerTrustee | 1 | $0 |
Tina Seline Vice President | OfficerTrustee | 1 | $0 |
Dr Kimberly Bigelow Director | Trustee | 1 | $0 |
Ann Bussey Director | Trustee | 1 | $0 |
Aaron Clusiau Director | Trustee | 1 | $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 | $176,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,041 |
| Total Program Service Revenue | $0 |
| Investment income | $31,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $87,235 |
| Net Income from Fundraising Events | $24,395 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,376 |
| Grants and other assistance to domestic individuals. | $153,215 |
| 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 | $995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,203 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,851 |
| 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 | $330 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,106 |
| All other expenses | $0 |
| Total functional expenses | $207,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,261 |
| Savings and temporary cash investments | $45,974 |
| 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 | $1,571,465 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,711,700 |
| 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 | $1,008,827 |
| Net assets with donor restrictions | $702,873 |
| 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 | $1,711,700 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Central Mesabi Medical Foundation has recieved totaling $14,005.
| Awarding Organization | Amount |
|---|---|
Arsher Charitable Trust Hibbing, MN PURPOSE: GENERAL SUPPORT | $7,500 |
Owens Family Charitable Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $2,500 |
Owens Family Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Owens Family Charitable Foundation Wilmington, DE PURPOSE: KIDS KARE FUND FOR THE 5K RUN/WALK | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usona Institute Inc Madison, WI | $38,737,266 | $18,840,870 |
Advanced Textiles Association Roseville, MN | $7,913,490 | $8,259,339 |
Center For Veterans Research And Education Minneapolis, MN | $6,193,088 | $7,313,382 |
Harvey W Peters Research Foundation Sioux Falls, SD | $130,706,719 | $7,428,166 |
Well Resource Center Pella, IA | $3,360,975 | $3,363,505 |
National Ataxia Foundation Inc Minneapolis, MN | $4,406,293 | $2,867,520 |
Institute For Clinical Systems Improvement Bloomington, MN | $1,590,547 | $1,571,505 |
Ecdysis Foundation Estelline, SD | $588,138 | $1,280,111 |
Phillips Eye Institute Foundation Minneapolis, MN | $0 | $575,124 |
Glendalough Of Austin Inc Faribault, MN | $425,752 | $674,749 |
Isthmus Project Inc Madison, WI | $211,733 | $0 |
John Paul Ii Medical Research Institute Coralville, IA | $513,407 | $776,190 |