Minneapolis Heart Institute Foundation

Organization Overview

Minneapolis Heart Institute Foundation is located in Minneapolis, MN. The organization was established in 1982. According to its NTEE Classification (H43) the organization is classified as: Heart & Circulatory System Diseases & Disorders Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Minneapolis Heart Institute Foundation employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minneapolis Heart Institute 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 12/2020, Minneapolis Heart Institute Foundation generated $19.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $12.3m during the year ending 12/2020. While expenses have increased by 3.7% per year over the past 6 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE THE CARDIOVASCULAR HEALTH OF COMMUNITIES THROUGH INNOVATIVE RESEARCH AND EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESEARCHMHIF HAD MORE THAN 230 RESEARCH STUDIES UNDERWAY IN 2021 AND ACTIVATED MORE STUDIES DURING THE YEAR THAN ANY OTHER YEAR FOR THE SECOND CONSECUTIVE YEAR. THE TEAM ALSO PUBLISHED MORE THAN 250 PEER-REVIEWED MANUSCRIPTS. MHIF RESEARCH PHYSICIANS, STAFF AND INTERNS PARTICIPATED IN EVERY MAJOR NATIONAL AND INTERNATIONAL CARDIOVASCULAR CONFERENCES (MANY OF WHICH WERE STILL VIRTUAL OR HYBRID IN 2021), INCLUDING 144 PODIUM PRESENTATIONS AND 79 ABSTRACTS. MHIF ACHIEVED GROWTH IN INDUSTRY-SPONSORED RESEARCH, INVESTIGATOR-INITIATED RESEARCH (DESIGNED AND LED BY MHIF RESEARCH PHYSICIANS), WITH REPRESENTATION ACROSS ALL SUBSPECIALTIES.MHIF HAS A 40-YEAR HISTORY OF WORLD-CLASS CARDIOVASCULAR RESEARCH AND EDUCATION THAT HAS PROVEN ITS POSITIVE IMPACT ON THE STANDARD OF CARE FOR PATIENTS AROUND THE WORLD. WE ENROLL HUNDREDS OF RESEARCH PARTICIPANTS EVERY YEAR, PROVIDING HOPE FOR PATIENTS THROUGH OPTIONS THAT MAY ONLY BE AVAILABLE BECAUSE OF RESEARCH. IN ADDITION TO THE TYPICAL RESEARCH PORTFOLIO, MHIF WAS THE NATIONAL COORDINATING DATA CENTER FOR THE COVID/STEMI RESEARCH (NORTH AMERICAN COVID-19 ST-SEGMENT ELEVATION MYOCARDIAL INFARCTION REGISTRY) CONTRIBUTING TO INTERNATIONAL EFFORT TO INFORM OPTIMAL CARE DURING RAPIDLY EVOLVING PANDEMIC.MHIF RESEARCH CONTINUES TO CROSS ALL PRACTICE AREAS OF CARDIOVASCULAR MEDICINE AND CARE. A FEW HIGHLIGHTS RELATED TO OUR IMPACT IN 2021: -NEARLY 4,000 VISITS WITH PATIENTS WHO HAVE HOPE AND OPTIONS THROUGH RESEARCH STUDIES-300 NEW PATIENTS ENROLLED IN RESEARCH; THERE WERE MORE THAN 1,150 ACTIVE RESEARCH PARTICIPANTS IN 2021-32 NEW RESEARCH STUDIES INITIATED, ADVANCING OPTIONS AND OUTCOMES FOR ALL PATIENTS-LED FIRST-IN-HUMAN AND FIRST-IN-WORLD RESEARCH AND CONTINUED TO DEMONSTRATE AS A TOP ENROLLER -258 PUBLISHED SCIENTIFIC PAPERS SHARING LEARNINGS FROM MHIF RESEARCH ANNUAL RESEARCH AND EDUCATION INVESTMENTS > $16+ MILLION


EDUCATIONEQUAL TO OUR COMMITMENT TO RESEARCH IS OUR DEDICATION TO SHARE THE LEARNINGS FROM RESEARCH THROUGH EDUCATION, ALLOWING FOR LOCAL, NATIONAL AND INTERNATIONAL IMPACT AS WE CHALLENGE AND ADVANCE THE STANDARD OF CARE FOR ALL PATIENTS. MHIF PROUDLY SHARED THE DETAILS OF OUR RESEARCH THROUGH 144 PRESENTATIONS OR INVITED TALKS, AND 79 ABSTRACTS PUBLISHED AT NATIONAL AND INTERNATIONAL CONFERENCES. WE PUBLISHED 258 MANUSCRIPTS, SHARING LEARNINGS FROM WORLD-CLASS CARDIOVASCULAR RESEARCH IN LEADING JOURNALS. WE ALSO OFFERED VARIOUS PUBLIC AND PROFESSIONAL EVENTS (MANY OF WHICH WERE STILL VIRTUAL) TO INCREASE AWARENESS, UNDERSTANDING AND MANAGEMENT OF VARIOUS HEART CONDITIONS. MANY OF OUR EVENTS ATTRACTED PARTICIPANTS FROM AROUND THE WORLD.OUR CARDIOVASCULAR GRAND ROUNDS PROGRAM ENSURES ATTENDEES ARE WELL-VERSED IN THE LATEST RESEARCH OUTCOMES AND EVIDENCE-BASED GUIDELINES. THROUGH 33 SESSIONS, MHIF PROVIDED PROFESSIONAL EDUCATION TO MORE THAN 3,200 HEALTH CARE PROFESSIONALS.IN THE SUMMER OF 2021, MHIF RETURNED TO AN IN-PERSON 12-WEEK CLINICAL RESEARCH INTERNSHIP PROGRAM AND WELCOMED 12 UNDERGRADUATE STUDENTS. THESE INTERNS WERE SELECTED FROM A STRONG POOL OF CANDIDATES WHO WERE PRE-MED OR PLANNING A CAREER IN MEDICINE. INTERNS WERE PAIRED WITH ALLINA HEALTH MINNEAPOLIS HEART INSTITUTE PHYSICIANS AND PARTICIPATED IN GROUNDBREAKING RESEARCH PROJECTS THEY PRESENTED AT THE END OF THE SUMMER. SINCE THIS PROGRAM BEGAN IN 2002, 215 RESEARCH INTERNS HAVE CONTRIBUTED TO 143 POSTERS AND PRESENTATIONS AT NATIONAL SCIENTIFIC CONFERENCES AND 168 PUBLICATIONS IN PEER-REVIEWED JOURNALS. IN ADDITION, OF THESE 215 INTERN ALUMNI, 55 PERCENT ARE PRACTICING PHYSICIANS, 21 PERCENT ARE IN MEDICAL SCHOOL, 13 PERCENT ARE IN HEALTH CARE-RELATED FIELDS, AND 11 PERCENT ARE IN NON-HEALTH FIELDS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Allina Health System
Physician/cardiologists & Research Suppo
$883,570
Emerson Technologies
I.t. Services
$222,509
Point Forward Communications
Marketing Services
$195,718
Pharmaseek Financial Services
Research Financial Services
$130,686
Advarra Inc
Irb Review
$165,258
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$18,075
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $210,512
All other contributions, gifts, grants, and similar amounts not included above$13,503,958
Noncash contributions included in lines 1a–1f $245,373
Total Revenue from Contributions, Gifts, Grants & Similar$13,732,545
Total Program Service Revenue$4,707,411
Investment income $655,272
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $79,648
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,174,876

Grants Awarded

Over the last fiscal year, Minneapolis Heart Institute Foundation has awarded $35,000 in support to 3 organizations.

Grant RecipientAmount

THE CHRIST HOSPITAL

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: RESEARCH STUDY PARTICIPATION

$15,000

CATHOLIC HEALTH INITIATIVES - IOWA CORP

Org PageRecipient Profile

Des Moines, IA

PURPOSE: RESEARCH STUDY PARTICIPATION

$10,000

PRAIRIE EDUCATION AND RESEARCH COOPERATIVE

Org PageRecipient Profile

Springfield, IL

PURPOSE: RESEARCH STUDY PARTICIPATION

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Minneapolis Heart Institute Foundation has recieved totaling $1,010,000.

Awarding OrganizationAmount
Nolan Family Foundation

Minneapolis, MN

PURPOSE: HEALTH - GENERAL PROGRAM SUPPORT

$1,000,000
The Hanser Family Foundation

Sanibel, FL

PURPOSE: RESEARCH AND EDUCATION

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$21,900,155
Earnings$2,568,161
Net Contributions$21,872
Ending Balance$23,720,058

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