Augustana Care Foundation

Organization Overview

Augustana Care Foundation is located in Edina, MN. The organization was established in 1979. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Augustana Care 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, Augustana Care Foundation generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 67.7% each year . All expenses for the organization totaled $734.0k during the year ending 12/2021. While expenses have increased by 8.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO HOLD AND INVEST NON-OPERATING INVESTMENTS OF THE AUGUSTANA FAMILY OF CORPORATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AUGUSTANA CARE FOUNDATION WAS ESTABLISHED TO ACQUIRE, RECEIVE, HOLD, INVEST, REINVEST, SELL, TRANSFER, EXCHANGE, ADMINISTER, AND MANAGE PROPERTY OF ALL KINDS FOR THE BENEFIT OF AUGUSTANA CARE AND ITS RELATED ORGANIZATIONS; OPERATE AND MANAGE AFFILIATES' ENDOWMENTS; AND DO ANY AND ALL ACTS AND THINGS THAT MAY BE DEEMED DESIRABLE OR EXPEDIENT FOR THE BENEFIT OF AUGUSTANA CARE AND ITS RELATED ORGANIZATIONS, THEIR PROGRAMS, FACULTY, STAFF AND BENEFICIARIES.


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Board, Officers & Key Employees

Name (title)Compensation
Rick Ellingson
Chair
$0
David Johnson
Vice Chair
$0
Timothy Kuck
Treasurer/secretary
$0
Robert Dahl
President/ceo
$0
Matthew Kern
Chief Operating Officer
$0
Kathy Youngquist
Chief Financial Officer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$6,000,000
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$6,000,000
Total Program Service Revenue$0
Investment income $350,802
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,081,459
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,435,824

Grants Awarded

Over the last fiscal year, Augustana Care Foundation has awarded $145,289 in support to 2 organizations.

Grant RecipientAmount

Edina, MN

PURPOSE: GENERAL OPERATING SUPPORT

$81,699

AUGUSTANA CARE SERVICES

Org PageRecipient Profile

Edina, MN

PURPOSE: GENERAL OPERATING SUPPORT

$63,590
View Grant Profile

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