Knute Nelson Foundation
- Assets
- $4.0m
- Revenue
- $209.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, MN
- Founding
- 10/1984
- Data as of
- 12/2023
- EIN
- 41-1451486
Organization Overview
Knute Nelson Foundation is located in Alexandria, MN. The organization was established in 1984. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knute Nelson 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 12/2023, Knute Nelson Foundation generated $209.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $217.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO KNUTE NELSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KNUTE NELSON FOUNDATION SUPPORTS KNUTE NELSON BY SECURING PHILANTHROPIC FUNDS TO ADVANCE OUR MISSION OF "ENRICHING THE LIVES OF EVERYONE WE SERVE." GENEROUS INDIVIDUALS AND ORGANIZATIONS HAVE INVESTED IN THE MISSION OF KNUTE NELSON. THEIR CONTRIBUTIONS HELP SUSTAIN THE PROGRAMS OF EXCELLENCE UPON WHICH KNUTE NELSON FLOURISHES, AND PROVIDE THE NECESSARY FUNDS FOR PURSUING NEW AND INNOVATIVE CARE FOR AGING ADULTS KNUTE NELSON SERVES THROUGHOUT OUR CONTINUUM. IT IS THROUGH THE TREMENDOUS GIVING OF OUR DONORS AND VOLUNTEERS THAT KNUTE NELSON HAS BEEN ABLE TO PROVIDE ABOVE-AND-BEYOND ENRICHMENT IN EVERY ASPECT OF OUR ORGANIZATION. (CONTINUED ON SCHEDULE O)IN THIS LAST FISCAL YEAR, SEVERAL INITIATIVES THAT WERE REALIZED AS A RESULT OF CHARITABLE SUPPORT INCLUDE:* HOSPICE SERVICES: PROVIDING ENRICHING SERVICES AND ESSENTIAL CARES TO THOSE WHO ARE TERMINALLY ILL. EXAMPLES OF ENRICHING SERVICES INCLUDE MUSIC THERAPY, HEALING TOUCH, MASSAGE THERAPY, AND ESSENTIAL OIL THERAPY. CARE FOR THEIR FAMILIES INCLUDE BEREAVEMENT SUPPORT FOR 13 MONTHS AFTER THEIR LOVED ONE PASSES AWAY ON KNUTE NELSON HOSPICE SERVICES AND THE OPTION TO ATTEND GRIEF GROUPS FACILITATED BY OUR HOSPICE SPIRITUAL CARE TEAM. * CERTIFIED NURSING ASSISTANT EDUCATION: EQUIPPING HIGH SCHOOL STUDENTS AT THE ALEXANDRIA AREA HIGH SCHOOL WITH INDUSTRY-RECOGNIZED CNA TRAINING AND TESTING. THIS ALLOWS THEM TO RECEIVE THEIR CERTIFIED NURSING ASSISTANT CERTIFICATION WHILE STILL IN HIGH SCHOOL AND EXPOSES THEM TO THE REWARDING ASPECTS OF A CAREER IN HEALTH CARE. * ENHANCING AND ENRICHING EQUIPMENT: EQUIPMENT PURCHASES LAST FISCAL YEAR ENHANCED THE QUALITY OF CARE PROVIDED TO OLDER ADULTS, AS WELL AS ENHANCING OUR OFFERINGS TO OUR WELLNESS MEMBERS. EXAMPLES INCLUDE: APM MATTRESSES THAT REDUCE PRESSURE ULCERS FOR CARE CENTER RESIDENTS, POPCORN MACHINE FOR ASSISTED LIVING RESIDENTS, GRIEF TOOLBOXES FOR HOSPICE PATIENTS AND THEIR FAMILIES, INR MACHINES SO OUR TEAM CAN BETTER DETERMINE AND DIAGNOSE ANY BLOOD CLOTTING ISSUES IN HOME HEALTH PATIENTS, AND RESISTANCE BANDS AND LAMINATED EXERCISE CHARTS FOR WELLNESS. * RESIDENT ACTIVITIES: PROVIDING SPECIAL, ENRICHING ENTERTAINMENT OPPORTUNITIES TO BUILD COMMUNITY FOR RESIDENTS. EXAMPLES INCLUDE PERFORMANCES BY LOCAL THEATRE COMPANIES, ABOVE-AND-BEYOND OUTINGS SUCH AS A LAKE ITASCA BOAT TOUR OUR PARK RAPIDS RESIDENTS TOOK, HAPPY HOUR, MUSICAL ENTERTAINERS, STYLE SHOWS AND MORE.* ENDOWMENT/UNRESTRICTED: GIVING TO THE ENDOWMENT FUND ALLOWS KNUTE NELSON TO ALLOCATE FUNDS TO OUR GREATEST MISSION NEED. * CHAPLAINCY AND SPIRITUAL CARE PROGRAM: SUPPORTING RESIDENTS ON THEIR FAITH JOURNEY WITH ESSENTIAL PROGRAMMING, SUCH AS VISITS FROM OUR CHAPLAINS, BIBLE STUDY, SUNDAY CHURCH SERVICES IN OUR VARIOUS KNUTE NELSON FACILITIES, AND COORDINATION BETWEEN OUR SPIRITUAL CARE STAFF AND THE RESIDENT'S HOME CHURCH.* CAREGIVER SCHOLARSHIPS: FUNDING DIRECTED FOR CAREGIVING STAFF TO PURSUE THEIR EDUCATION WITHIN THE FIELD OF HEALTH CARE. THIS COULD INCLUDE CNA CERTIFICATION, LPN, OR RN TRAINING. IT ALSO INCLUDES SPECIFIC CERTIFICATIONS SUCH AS WOUND CARE OR LYMPHEDEMA TRAINING. * EQUIPPING LEADERS WITH SCHOLARSHIPS: SUPPORTING ALL EMPLOYEES WITH VITAL LEARNING OPPORTUNITIES AND EDUCATION. EXAMPLES OF PAST SCHOLARSHIPS INCLUDE: SUPPORTING A LEADER GETTING A MASTER'S OF PUBLIC HEALTH, ALLOWING SPIRITUAL CARE STAFF TO ATTEND BEREAVEMENT TRAINING OR PURSUE HIGHER EDUCATION IN THEOLOGY, AND PROVIDING FUNDS FOR BACHELOR'S COMPLETER PROGRAMS FOR CORPORATE STAFF. * BENEVOLENCE CARE: WE DO NOT TURN ANYONE AWAY FOR AN INABILITY TO PAY FOR THE CARE THEY NEED. CONTRIBUTIONS FROM OUR DONORS HELP US SUPPORT THOSE WHO HAVE OUTLIVED THEIR RESOURCES AND PROVIDE THEM WITH THE HIGHEST QUALITY CARE AND SERVICES.ALL GIFS ARE TAX-DEDUCTIBLE TO THE FULL EXTENT AS THE LAW PERMITS. THE KNUTE NELSON FOUNDATION IS RECOGNIZED AS A 501(C)(3) NOT-FOR-PROFIT 509(A)(3) SUPPORTING ORGANIZATION OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Busrch Chair | OfficerTrustee | 1 | $0 |
Richard Moen Vice Chair | OfficerTrustee | 1 | $0 |
Pam Carlson Secretary | OfficerTrustee | 1 | $0 |
Sally Smith Treasurer | OfficerTrustee | 1 | $0 |
Jim Eidsvold Director | Trustee | 1 | $0 |
Jerry Hansen 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 | $136,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,355 |
| Total Program Service Revenue | $0 |
| Investment income | $72,789 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $121,900 |
| Grants and other assistance to domestic individuals. | $8,934 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,978 |
| Advertising and promotion | $1,809 |
| Office expenses | $644 |
| Information technology | $7,291 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $625 |
| Total functional expenses | $217,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $329,566 |
| Pledges and grants receivable | $232,594 |
| 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 | $4,125 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,404,029 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60 |
| Total assets | $3,970,374 |
| Accounts payable and accrued expenses | $62,795 |
| 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 | $62,795 |
| Net assets without donor restrictions | $3,907,579 |
| Net assets with donor restrictions | $0 |
| 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 | $3,970,374 |