Healthpartners Institute
- Assets
- $78.2m
- Revenue
- $46.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1990
- Data as of
- 12/2022
- EIN
- 41-1670163
Organization Overview
Healthpartners Institute is located in Minneapolis, MN. The organization was established in 1990. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Healthpartners Institute 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, Healthpartners Institute generated $46.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $46.1m during the year ending 12/2022. While expenses have increased by 9.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DISCOVER AND ACCELERATE THE USE OF KNOWLEDGE TO IMPROVE THE HEALTH OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Doherty PHD Director | Trustee | 1 | $0 |
Susan Culican Director | Trustee | 1 | $0 |
Tasha M Gastony Pa Director | Trustee | 1 | $0 |
Denis Clohisy MD Director | Trustee | 1 | $0 |
David Lagerstrom Director & Chair | OfficerTrustee | 1.5 | $0 |
Glen Gunderson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Park Nicollet Clinic Staffing | 12/30/22 | $9,909,903 |
Group Health Plan Inc Staffing | 12/30/22 | $25,358,307 |
Ashfield Healthcare Communication Consulting | 12/30/22 | $587,415 |
Kaiser Fdn Research Ins Consulting | 12/30/22 | $400,266 |
Mn Community Measurement Consulting | 12/30/22 | $289,704 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,237,357 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,270,833 |
| Total Program Service Revenue | $42,169,546 |
| Investment income | $2,409,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$65,408 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $278,393 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,063,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,170 |
| 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 | $99,183 |
| 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 | $41,468,197 |
| Advertising and promotion | $51,509 |
| Office expenses | $300,378 |
| Information technology | $288,156 |
| Royalties | $0 |
| Occupancy | $1,586,084 |
| Travel | $176,143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,095 |
| Interest | $27,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $668,994 |
| Insurance | $150 |
| All other expenses | $0 |
| Total functional expenses | $46,056,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,347 |
| Savings and temporary cash investments | $42,506 |
| Pledges and grants receivable | $11,759,706 |
| Accounts receivable, net | $98,459 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,204 |
| Prepaid expenses and deferred charges | $122,106 |
| Net Land, buildings, and equipment | $3,567,872 |
| Investments—publicly traded securities | $62,485,549 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89,224 |
| Total assets | $78,221,973 |
| Accounts payable and accrued expenses | $3,128,553 |
| Grants payable | $0 |
| Deferred revenue | $795,469 |
| 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 | $88,573 |
| Total liabilities | $4,012,595 |
| Net assets without donor restrictions | $74,209,378 |
| 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 | $78,221,973 |
Grants Awarded
Over the last fiscal year, Healthpartners Institute has awarded $261,840 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMERY REGIONAL MEDICAL CENTER PURPOSE: PROGRAM SUPPORT | $9,172 |
WESTFIELDS HOSPITAL PURPOSE: PROGRAM SUPPORT | $59,302 |
PARK NICOLLET METHODIST HOSPITAL PURPOSE: PROGRAM SUPPORT | $33,366 |
REGIONS HOSPITAL PURPOSE: PROGRAM SUPPORT | $160,000 |