Alumni Association & Foundation Of The Program In Hospital & Health C
- Assets
- $382.8k
- Revenue
- $16.9k
- Investments
- $373.6k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1977
- Data as of
- 06/2022
- EIN
- 41-1298126
Organization Overview
Alumni Association & Foundation Of The Program In Hospital & Health C is located in Minneapolis, MN. The organization was established in 1977. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alumni Association & Foundation Of The Program In Hospital & Health C 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 06/2022, Alumni Association & Foundation Of The Program In Hospital & Health C generated $16.9k 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 (17.7%) each year. All expenses for the organization totaled $20.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (26.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alumni Association & Foundation Of The Program In Hospital & Health C has awarded 28 individual grants totaling $177,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALUMNI ASSOCIATION/FOUNDATION IS THE OLDEST, LARGEST AND MOST ACTIVE GROUP OF ITS KIND. ALUMNI ARE DEEPLY COMMITTED TO THE PROGRAM IN HEALTHCARE ADMINISTRATION AT THE UNIVERSITY OF MINNESOTA AND ITS STUDENTS. OUR VISION IS TO BE THE MOST RELEVANT NETWORK OF RESOURCES FOR MHA ALUMNI AND STUDENTS AND CORNERSTONE OF THE PROGRAMS CONTINUED SUCCESS. ALUMNI SERVE AS INSTRUCTORS, MENTORS, PRECEPTORS, GUEST LECTURERS, AND ASSIST IN ADMISSION INTERVIEWS AND PLACEMENT OF STUDENT RESIDENTS AND NEW GRADUATES. ONGOING PROGRAM DEVELOPMENT FUNDS CONTRIBUTED BY ALUMNI PROVIDE GENEROUS SCHOLARSHIP AND LOAN PROGRAMS FOR STUDENTS.FOR ITS MEMBERS, THE ALUMNI ASSOCIATION/FOUNDATION IS DEDICATED TO QUALITY MANAGEMENT, LIFE-LONG LEARNING, MENTORSHIP, AND LEADERSHIP DEVELOPMENT. BEYOND THE EXAMPLES LISTED ABOVE, ADDITIONAL ACCOMPLISHMENTS DURING THE PAST YEAR ARE:- PROVIDING SEVERAL WEBINARS ON TOPICS OF SIGNIFICANT IMPORTANCE THAT WERE ATTENDED BY ALUMNI THROUGHOUT THE COUNTRY; - PARTNERING WITH THE LOCAL BRANCH OF THE ACHE ON A SEMINAR ON CONTINUITY OF CARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Jones Chair | 1 | $0 | |
Jeni Hallatt Past-Chair | 1 | $0 | |
Bill Santulli Vice-Chair | 1 | $0 | |
Rachael Mckinney Secretary | 1 | $0 | |
Robert Sabina Treasurer | 1 | $0 | |
Mark Enger Director At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,915 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,030 |
| Capital Gain Net Income | $7,030 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,945 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $166 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $10,290 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $20,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,189 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $373,635 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $382,824 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Alumni Association & Foundation Of The Program In Hospital & Health C has awarded $10,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: GENERAL CONTRIBUTION | $5,000 |
JOHN WIEHE PURPOSE: SCHOLARSHIP | $1,500 |
EMILY JOHNSON PURPOSE: SCHOLARSHIP | $1,500 |
JACOB HAAG PURPOSE: SCHOLARSHIP | $500 |
ABIGAIL ROSKOP PURPOSE: SCHOLARSHIP | $500 |
ERIN GREEN PURPOSE: SCHOLARSHIP | $500 |
Endowment Analysis
| Beg. Balance | $95,032 |
| Earnings | $7,284 |
| Ending Balance | $102,316 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
Minnesota State University Moorhead Foundation Inc Moorhead, MN | $54,713,743 | $22,543,778 |
University Of Minnesota Alumni Association Minneapolis, MN | $34,396,499 | $3,938,876 |
Iowa State University Alumni Association Ames, IA | $19,372,302 | $3,613,244 |
University Of Northern Iowa Alumni Association Cedar Falls, IA | $0 | $679,804 |
Alumni Association Of The University Of South Dakota Vermillion, SD | $0 | $7,549 |
South Dakota State University Alumni Association Brookings, SD | $649,499 | $1,131,261 |
Enderlin Alumni Association Enderlin, ND | $258,358 | $750,192 |
South Dakota School Of Mines And Technology Alumni Association Rapid City, SD | $0 | $0 |
Alpha Gamma Rho Fraternity Iowa Falls, IA | $5,035,965 | $411,884 |
Mayo Medical Alumni Association Rochester, MN | $2,120,592 | $773,730 |