Fairview Foundation
- Assets
- $18.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 10/1987
- Data as of
- 12/2022
- EIN
- 41-1573810
Organization Overview
Fairview Foundation is located in Minneapolis, MN. The organization was established in 1987. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Fairview 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 12/2022, Fairview Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FAIRVIEW FOUNDATION'S EXEMPT PURPOSE IS TO PROMOTE PHILANTHROPY WITHIN FAIRVIEW, RAISE FUNDS, BUILD RELATIONSHIPS, PROVIDE GRANTS TO PROGRAMS AND SERVICES THAT ENHANCE THE CARE OF PATIENTS, IMPROVE THE PHYSICAL, EMOTIONAL AND SPIRITUAL HEALTH OF THE COMMUNITIES WE SERVE AND SUPPORT THE MISSION OF FAIRVIEW HEALTH SERVICES, A CHARITABLE ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRVIEW FOUNDATION'S PROGRAM ACCOMPLISHMENTS INCLUDED PROVIDING SUPPORT FOR CAPITAL IMPROVEMENTS AND EXPANSIONS OF FACILITIES TO BETTER SERVE COMMUNITY NEEDS, FINANCIAL ASSISTANCE FOR PATIENTS IN CRISIS, MENTAL HEALTH AND ADDICTION SERVICES, COMMUNITY HEALTH OUTREACH AND A WIDE RANGE OF PROGRAMS INCLUDING SPIRITUAL CARE, NON-REIMBURSABLE HOSPICE SERVICES, AND FOOD ACCESS PROGRAMS. THE FAIRVIEW FOUNDATION PROVIDED GRANTS TO FAIRVIEW HEALTH SERVICES, A SECTION 501(C)(3) CORPORATION, TO FURTHER THE CHARITABLE PURPOSES OF FAIRVIEW HEALTH SERVICES IN THE COMMUNITIES THAT WE SERVE. GRANT ACTIVITY INCLUDED PATIENT CARE PROGRAMS AND EQUIPMENT; FURNISHINGS AND FACILITY RENOVATIONS AND EXPANSIONS; ASSISTANCE FOR PATIENTS IN NEED AND/OR IN CRISIS INCLUDING FOR PRESCRIPTION MEDICATION; POPULATION AND COMMUNITY HEALTH AND WELLNESS INITIATIVES; MENTAL HEALTH AND ADDICTION SERVICES; HOSPICE AND PALLIATIVE CARE THERAPIES; EARLY LITERACY AND PEDIATRIC PROGRAMMING; INTEGRATIVE THERAPIES, INCLUDING FOR FRONTLINE CAREGIVERS; SPIRITUAL CARE; DISEASE MANAGEMENT AND HEALTH CARE INNOVATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Pres & Treasurer | OfficerTrustee | 4 | $0 |
Name Not Listed Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $95,096 |
| Government grants | $194,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,838,924 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,128,740 |
| Total Program Service Revenue | $0 |
| Investment income | -$144,649 |
| 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 | $1,984,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,451,029 |
| Grants and other assistance to domestic individuals. | $265,046 |
| 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 | $77,271 |
| Advertising and promotion | $0 |
| Office expenses | $814 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,926 |
| 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 | $942 |
| Insurance | $22,448 |
| All other expenses | $0 |
| Total functional expenses | $4,888,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,595,503 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $352,162 |
| 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 | $0 |
| Net Land, buildings, and equipment | $12,054 |
| Investments—publicly traded securities | $10,158,294 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,118,013 |
| Accounts payable and accrued expenses | $898,653 |
| 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 | $56,039 |
| Total liabilities | $954,692 |
| Net assets without donor restrictions | $6,138,478 |
| Net assets with donor restrictions | $11,024,843 |
| 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 | $18,118,013 |