Hennepin Healthcare Research Institute
- Assets
- $72.7m
- Revenue
- $57.1m
- Investments
- $0.0
- Employees
- 248
- Location
- Minneapolis, MN
- Founding
- 12/1990
- Data as of
- 12/2023
- EIN
- 41-1677920
Organization Overview
Hennepin Healthcare Research Institute is located in Minneapolis, MN. The organization was established in 1990. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, Hennepin Healthcare Research Institute employed 248 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hennepin Healthcare Research 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 12/2023, Hennepin Healthcare Research Institute generated $57.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $55.4m during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE PATIENT CARE AND THE HEALTH OF OUR COMMUNITY THROUGH RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL RESEARCH AND EDUCATIONAL ACTIVITIES:HENNEPIN HEALTHCARE RESEARCH INSTITUTE (HHRI) INVESTIGATORS ARE PRACTICING PHYSICIANS, SCIENTISTS, AND OTHER MEDICAL PROFESSIONALS USING THEIR EXPERTISE TO PROGRESS MEDICAL KNOWLEDGE, REDUCE DISPARITIES AND ADVANCE HEALTH EQUITY, AND IMPROVE THE CARE PATIENTS RECEIVE. HHRI'S RESEARCH SUBJECTS ARE DIVERSE WITH A FOCUS ON ACUTE CARE/TRAUMA, ADDICTION, HEALTH SERVICES, AND INFECTIOUS DISEASES. PARTICIPANTS IN HHRI CLINICAL RESEARCH STUDIES (INCLUDING TRAUMATIC BRAIN INJURY, SUBSTANCE USE DISORDERS, DEMENTIA, COVID-19, AND HIV/AIDS) HAVE ACCESS TO SOME OF THE LATEST MEDICAL TREATMENTS AVAILABLE TODAY. IN ADDITION TO PURSUING INNOVATIVE NEW THERAPIES, OUR INVESTIGATORS ARE TRAINING THE NEXT GENERATION OF SCIENTISTS AND MEDICAL PROFESSIONALS, INSPIRING THEM TO CARRY OUT HHRI'S MISSION OF IMPROVING PATIENT CARE AND THE HEALTH OF OUR COMMUNITY THROUGH RESEARCH AND EDUCATION. OUR INVESTIGATORS ALSO PUBLISH REGULARLY IN PEER-REVIEWED JOURNALS. SEE SCHEDULE O - GENERAL STATEMENT.
PRE-CLINICAL AND LABORATORY RESEARCH: IN THE HHRI LABS, WE STUDY THE CAUSES AND TREATMENTS OF DISEASE. OUR RESEARCH SUBJECTS ARE DIVERSE WITH A FOCUS ON ACUTE CARE/TRAUMA, ADDICTION, HEALTH SERVICES, AND INFECTIOUS DISEASES. AT HHRI, WE DEVELOP INNOVATIVE NEW TREATMENTS TO SOLVE SOME OF OUR COMMUNITY'S MOST CHALLENGING HEALTH PROBLEMS. RESEARCHERS IN OUR LABS ARE MDS, MD/PHDS, PHDS, PHARMDS, AND IMPROVE THE CARE PATIENTS RECEIVE. OUR INVESTIGATORS ALSO PUBLISH REGULARLY IN PEER-REVIEWED JOURNALS. SEE SCHEDULE O - GENERAL STATEMENT.
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 |
|---|---|---|---|
Derrick Hollings CPA Inactive Director/hhs - CFO (until 09/23) | Trustee | 0.1 | $0 |
Daniel Hoody MD Director/hhs - Cmo (until 09/23) | Trustee | 0.2 | $0 |
Ajay Israni MD Ms President/investigator (until 06/23) | OfficerTrustee | 36 | $0 |
Theresa Pesch RN Hhf - President/hhs - VP Philanthropy | Trustee | 0.1 | $0 |
Warren Mckinney PHD Director/vp For Equity In Research/investigator | OfficerTrustee | 40 | $103,523 |
Connie Delaney PHD RN Faan Facmi Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monash University Medicine, Nursing, And Research | 12/30/23 | $5,968,543 |
Healthpartners Institute Physician Professional Research | 12/30/23 | $1,490,433 |
Hennepin Healthcare System Physician Professional Research | 12/30/23 | $4,033,243 |
University Of Minnesota Physician Professional Research | 12/30/23 | $4,402,911 |
Essentia Institute Of Rural Health Physician Professional Research | 12/30/23 | $677,027 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,250,200 |
| Government grants | $37,057,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,893,330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,200,822 |
| Total Program Service Revenue | $0 |
| Investment income | $1,700,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $198,824 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,100,108 |
| 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. | $594,466 |
| Compensation of current officers, directors, key employees. | $147,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,684,971 |
| Pension plan accruals and contributions | $1,273,784 |
| Other employee benefits | $2,588,448 |
| Payroll taxes | $1,146,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,999 |
| Fees for services: Accounting | $50,608 |
| Fees for services: Lobbying | $1,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,909,284 |
| Advertising and promotion | $0 |
| Office expenses | $2,171,039 |
| Information technology | $91,846 |
| Royalties | $0 |
| Occupancy | $1,225,167 |
| Travel | $513,966 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,308 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $553,833 |
| Insurance | $108,891 |
| All other expenses | $31,590 |
| Total functional expenses | $55,410,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,680,554 |
| Savings and temporary cash investments | $72,649 |
| Pledges and grants receivable | $14,566,562 |
| Accounts receivable, net | $1,414,678 |
| 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 | $407,146 |
| Net Land, buildings, and equipment | $1,800,036 |
| Investments—publicly traded securities | $49,721,299 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,662,924 |
| Accounts payable and accrued expenses | $12,048,258 |
| Grants payable | $0 |
| Deferred revenue | $479,271 |
| 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 | $12,527,529 |
| Net assets without donor restrictions | $32,928,106 |
| Net assets with donor restrictions | $27,207,289 |
| 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 | $72,662,924 |