Ronald Mcdonald House Charities Midwest Mn Wi Ia
- Assets
- $27.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 25
- Location
- Rochester, MN
- Founding
- 02/1979
- Data as of
- 12/2023
- EIN
- 41-1344744
Organization Overview
Ronald Mcdonald House Charities Midwest Mn Wi Ia is located in Rochester, MN. The organization was established in 1979. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Ronald Mcdonald House Charities Midwest MN WI IA employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronald Mcdonald House Charities Midwest MN WI IA 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, Ronald Mcdonald House Charities Midwest MN WI IA generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A "HOME AWAY FROM HOME AND SUPPORT FAMILIES SEEKING MEDICAL CARE FOR THEIR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RONALD MCDONALD HOUSE OF ROCHESTER, MN PROVIDES A HOME AWAY FROM HOME AND CARING SUPPORT TO FAMILIES SEEKING MEDICAL CARE FOR THEIR CHILDREN. FOR FORTY YEARS, WE HAVE SERVED FAMILIES FROM ACROSS THE UNITED STATES AND FROM AROUND THE WORLD ONE FAMILY AT A TIME. A CHILD'S MEDICAL TREATMENT IMPACTS THE ENTIRE FAMILY, AND RONALD MCDONALD HOUSE WORKS TO KEEP FAMILIES TOGETHER DURING DIFFICULT DAYS AND LONG NIGHTS. RONALD MCDONALD HOUSE, WITH THE SUPPORT OF OUR FOUNDING MISSION PARTNER MCDONALD'S, RELIES UPON THE GENEROSITY OF A CARING COMMUNITY AND THE DEDICATION OF COMMITTED VOLUNTEERS TO ADVANCE OUR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Heimer President | OfficerTrustee | 0.31 | $0 |
Ashton Boon President-Elect | OfficerTrustee | 0.17 | $0 |
Hilary R Stonelake-Curtis Past President | OfficerTrustee | 0.31 | $0 |
Chris Ryan Treasurer | OfficerTrustee | 0.12 | $0 |
Lindsay Young Secretary | OfficerTrustee | 0.15 | $0 |
Kathy Lombardo Director | Trustee | 0.12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Knutson Construction Building Contractor | 12/30/19 | $4,226,045 |
Harris Building Contractor | 12/30/19 | $1,728,590 |
Knutson Construction Building Contractor | 12/30/19 | $4,226,045 |
Egan Company Building Contractor | 12/30/19 | $1,090,260 |
Harris Building Contractor | 12/30/19 | $1,728,590 |
Egan Company Building Contractor | 12/30/19 | $1,090,260 |
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 | $2,993,184 |
| Noncash contributions included in lines 1a–1f | $171,810 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,993,184 |
| Total Program Service Revenue | $105,756 |
| Investment income | $271,586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$98,100 |
| Net Income from Fundraising Events | $396,452 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,026 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,706,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,250 |
| 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. | $186,096 |
| Compensation of current officers, directors, key employees. | $18,610 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,070,068 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $130,277 |
| Payroll taxes | $93,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,781 |
| Advertising and promotion | $6,927 |
| Office expenses | $26,989 |
| Information technology | $58,422 |
| Royalties | $0 |
| Occupancy | $178,005 |
| Travel | $176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,145 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $682,258 |
| Insurance | $72,345 |
| All other expenses | $110,761 |
| Total functional expenses | $3,607,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $764,814 |
| Savings and temporary cash investments | $876,547 |
| Pledges and grants receivable | $106,267 |
| 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 | $19,201 |
| Prepaid expenses and deferred charges | $31,696 |
| Net Land, buildings, and equipment | $17,704,349 |
| Investments—publicly traded securities | $7,683,167 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $166,306 |
| Total assets | $27,352,347 |
| Accounts payable and accrued expenses | $99,639 |
| Grants payable | $0 |
| Deferred revenue | $93,702 |
| 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 | $193,341 |
| Net assets without donor restrictions | $26,325,752 |
| Net assets with donor restrictions | $833,254 |
| 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 | $27,352,347 |