Carris Health Foundation
- Assets
- $19.4m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Willmar, MN
- Founding
- 01/1991
- Data as of
- 06/2021
- EIN
- 41-1611555
Organization Overview
Carris Health Foundation is located in Willmar, MN. The organization was established in 1991. 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. Carris Health 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 06/2021, Carris Health Foundation generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE SUPPORT OF CARRIS HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARRIS HEALTH FOUNDATION (FOUNDATION) RAISES FUNDS THROUGH CAMPAIGNS, DIRECT MAIL, AND SPECIAL EVENTS. THE FOUNDATION HAS ESTABLISHED FUNDS AND ENDOWMENTS FOR THE BENEFIT OF CARRIS HEALTH HOSPITALS AND PROGRAMS. IN 2021, CARRIS HOSPICE, AN END OF LIFE CARE PROGRAM SERVING WEST CENTRAL MINNESOTA, RECEIVED 143,208 IN GRANT RELEASES; GRANTS TOTALING 134,564 WERE AWARDED TO VARIOUS CARRIS HEALTH RICE MEMORIAL HOSPITAL DEPARTMENTS. THE RICE CARE CENTER WAS GIVEN 19,492. THE RICE MEMORIAL HOSPITAL WAS GIVEN 26,279,FOR THE BENEFIT OF CARRIS REGIONAL DENTAL CLINIC. THE CARRIS HEALTH REDWOOD FALLS HOSPITAL WAS GIVEN 11,290. THE HOSPITAL RECEIVED A GRANT FROM THE FOUNDATION OF 363,138, GENERATED FROM SPCIAL APPEALS, FOR THE BENEFIT OF THE COVID-19 EMERGENCY PREPAREDNESS. THE BALANCE WAS DIRECTED FOR A VARIETY OF PROGRAMS, SERVICES, AND EQUIPMENT BENEFITTING THE HOSPITAL.
CARRIS HEALTH FOUNDATION (FOUNDATION) RAISES FUNDS THROUGH CAMPAIGNS, DIRECT MAIL, AND SPECIAL EVENTS. THE FOUNDATION HAS ESTABLISHED FUNDS AND ENDOWMENTS FOR THE BENEFIT OF CARRIS HEALTH HOSPITALS AND PROGRAMS. IN 2021, CARRIS HOSPICE, AN END OF LIFE CARE PROGRAM SERVING WEST CENTRAL MINNESOTA, RECEIVED 143,208 IN GRANT RELEASES; GRANTS TOTALING 134,564 WERE AWARDED TO VARIOUS CARRIS HEALTH RICE MEMORIAL HOSPITAL DEPARTMENTS. THE RICE CARE CENTER WAS GIVEN 19,492. THE RICE MEMORIAL HOSPITAL WAS GIVEN 26,279,FOR THE BENEFIT OF CARRIS REGIONAL DENTAL CLINIC. THE CARRIS HEALTH REDWOOD FALLS HOSPITAL WAS GIVEN 11,290. THE HOSPITAL RECEIVED A GRANT FROM THE FOUNDATION OF 363,138, GENERATED FROM SPCIAL APPEALS, FOR THE BENEFIT OF THE COVID-19 EMERGENCY PREPAREDNESS. THE BALANCE WAS DIRECTED FOR A VARIETY OF PROGRAMS, SERVICES, AND EQUIPMENT BENEFITTING THE HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Lynn Johnson Vice Chair | OfficerTrustee | 2 | $0 |
Brad Schmidt Chair | OfficerTrustee | 2 | $0 |
Patrica Hoeft Secretary | OfficerTrustee | 2 | $0 |
Kelly O'farrell Treasurer | OfficerTrustee | 2 | $0 |
Tamara Brown Director | Trustee | 1 | $0 |
Ken Flowe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $230,428 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,070,784 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,301,212 |
| Total Program Service Revenue | $0 |
| Investment income | $193,987 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,839,501 |
| Net Income from Fundraising Events | -$765 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,841,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $697,971 |
| 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. | $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 | $465,356 |
| Advertising and promotion | $18,011 |
| Office expenses | $38,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10 |
| 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 | $0 |
| Total functional expenses | $1,222,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,645 |
| Savings and temporary cash investments | $250,591 |
| Pledges and grants receivable | $240,007 |
| Accounts receivable, net | $1,519,897 |
| 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 | $0 |
| Investments—publicly traded securities | $17,020,371 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,378,511 |
| Accounts payable and accrued expenses | $12,280 |
| 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 | $12,280 |
| Net assets without donor restrictions | $8,898,205 |
| Net assets with donor restrictions | $10,468,026 |
| 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 | $19,378,511 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Carris Health Foundation has recieved totaling $153,559.
| Awarding Organization | Amount |
|---|---|
Delta Dental Of Minnesota Trust Minneapolis, MN PURPOSE: ORAL HEALTH TRAINING AND ACCESS TO DENTAL CARE | $100,000 |
Communitygiving St Cloud, MN PURPOSE: GEN/OPER SUPPORT | $17,699 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $15,000 |
Pierce Family Foundation Longboat Key, FL PURPOSE: SUPPORT FORL NEEDS FAMILIES | $10,556 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $8,804 |
Thomas B Torgerson Sr Charitable Tr Ua 06012007 Spicer, MN PURPOSE: CHARITABLE | $1,500 |
Endowment Analysis
| Beg. Balance | $2,150,954 |
| Earnings | $622,075 |
| Net Contributions | $1,543,325 |
| Grants | $8,273 |
| Ending Balance | $4,308,081 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Health Care Foundation Minneapolis, MN | $90,729,243 | $25,438,436 |
Iowa Health Foundation Des Moines, IA | $224,193,770 | $32,909,877 |
Great River Health System Inc West Burlington, IA | $45,236,336 | $11,348,232 |
Mercy Foundation Of Des Moines Iowa Des Moines, IA | $72,079,814 | $11,993,555 |
Legacy Foundation Of Central Wisconsin Inc Wisconsin Rapids, WI | $142,600,446 | $4,980,958 |
Sanford Health Foundation North Sioux Falls, SD | $106,387,743 | $12,791,067 |
Marshfield Clinic Health System Foundation Inc Marshfield, WI | $149,772,122 | $21,068,703 |
Dakota Medical Foundation Fargo, ND | $43,203,440 | $5,722,440 |
Gillette Childrens Hospital Foundation St Paul, MN | $41,489,322 | $14,728,152 |
Lifescape Sioux Falls, SD | $318,250 | $4,148,590 |
Benedictine Foundation Minneapolis, MN | $15,163,836 | $4,052,107 |
Miller Dwan Foundation Duluth, MN | $37,367,884 | $5,122,936 |