Healthpartners Institute
- Assets
- $92.3m
- Revenue
- $47.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1990
- Data as of
- 12/2021
- 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 12/2021, Healthpartners Institute generated $47.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $41.7m during the year ending 12/2021. While expenses have increased by 8.2% 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
2021
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Brinsko Director & Chair | OfficerTrustee | 0.38 | $0 |
Patrick T Courneya MD Director & Vice Chair | OfficerTrustee | 0.5 | $0 |
Nico P Pronk PHD Director & President | OfficerTrustee | 40 | $0 |
Nancy L Evert Brd Sctry - Gnrl Counsel | Officer | 0.5 | $0 |
Bill Doherty PHD Director | Trustee | 0.3 | $0 |
Leah R Hanson PHD Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Group Health Plan Inc Staffing | 12/30/21 | $25,788,940 |
Park Nicollet Clinic Staffing | 12/30/21 | $8,181,702 |
Medasource Consulting | 12/30/21 | $236,083 |
Mn Community Measurement Consulting | 12/30/21 | $276,550 |
Greenphire Inc Consulting | 12/30/21 | $245,090 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,516,579 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,567,175 |
| Total Program Service Revenue | $41,789,608 |
| Investment income | $4,102,220 |
| 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 | $282,045 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,741,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $147,138 |
| 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 | $37,421,470 |
| Advertising and promotion | $10,696 |
| Office expenses | $272,911 |
| Information technology | $249,498 |
| Royalties | $0 |
| Occupancy | $1,615,610 |
| Travel | $22,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,709 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $488,636 |
| Insurance | $150 |
| All other expenses | $33,299 |
| Total functional expenses | $41,701,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,114 |
| Savings and temporary cash investments | $2,616,659 |
| Pledges and grants receivable | $9,949,429 |
| Accounts receivable, net | $49,989 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,115 |
| Prepaid expenses and deferred charges | $133,338 |
| Net Land, buildings, and equipment | $4,076,081 |
| Investments—publicly traded securities | $75,219,408 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,130 |
| Total assets | $92,324,263 |
| Accounts payable and accrued expenses | $3,819,566 |
| Grants payable | $0 |
| Deferred revenue | $633,029 |
| 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 | $93,733 |
| Total liabilities | $4,546,328 |
| Net assets without donor restrictions | $87,582,935 |
| Net assets with donor restrictions | $195,000 |
| 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 | $92,324,263 |
Grants Awarded
Over the last fiscal year, Healthpartners Institute has awarded $261,840 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $160,000 |
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $59,302 |
St Louis Park, MN PURPOSE: PROGRAM SUPPORT | $33,366 |
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $9,172 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Healthpartners Institute has recieved totaling $3,150,962.
| Awarding Organization | Amount |
|---|---|
Regions Hospital Foundation Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $1,386,895 |
Kaiser Foundation Health Plan Of Washington Oakland, CA PURPOSE: Research Subrecipient | $335,332 |
Laura And John Arnold Foundation Houston, TX PURPOSE: TO STUDY THE FEASIBILITY OF IMPLEMENTING A PATIENT-REPORTED OUTCOME TOOL. | $315,000 |
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: DIRECT INTEGRATION OF CGM DATA INTO THE EMR | $284,446 |
Leona M & Harry B Helmsley Charitable Trust New York, NY PURPOSE: DIRECT INTEGRATION OF CGM DATA INTO THE EMR | $258,500 |
Mayo Clinic Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $215,297 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teamsters Local 346 Health Fund Trust Bloomington, MN | $55,790,921 | $66,782,892 |
Healthpartners Institute Minneapolis, MN | $92,324,263 | $47,741,048 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |
Pioneer Healthcare Tr Fargo, ND | $21,487,108 | $28,269,563 |
Oklahoma Gas And Electric Company Employees Medical Benefit Trust Des Moines, IA | $55,573 | $22,996,745 |
Roofers Local 96 Health & Welfare Fund Bloomington, MN | $17,573,620 | $18,996,626 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund Duluth, MN | $9,554,218 | $16,178,140 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |