North Shore Health Care Foundation
- Assets
- $974.6k
- Revenue
- $193.6k
- Investments
- $927.6k
- Employees
- 2
- Location
- Grand Marais, MN
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 41-1694904
Organization Overview
North Shore Health Care Foundation is located in Grand Marais, MN. The organization was established in 1993. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, North Shore Health Care Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Shore Health Care 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 12/2021, North Shore Health Care Foundation generated $193.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $231.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, North Shore Health Care Foundation has awarded 24 individual grants totaling $260,943. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NORTH SHORE HEALTH CARE FOUNDATION PROACTIVELY IDENTIFIES OPPORTUNITES TO EXPAND EQUITABLE HEALTH CARE AND HEALTHY LIVING IN COOK COUNTY AND CHAMPIONS SOLUTIONS THROUGH FUNDING, EDUCATION, AND ADVOCACY. FROM 1995- 2021, THE ORGANIZATION HAS AWARDED OVER 1,100,000 THROUGH GRANTS AND OTHER HEALTH RELATED PROGRAM ACTIVITIES. WE BELIEVE IN THE POSSIBILITIES OF PEOPLE, ORGANIZATIONS, BUSINESSES AND GOVERNMENTS WORKING TOGETHER TO CREATE A HEALTH COMMUNITY FOR ALL IN COOK COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH SHORE HEALTH CARE FOUNDATION PROACTIVELY IDENTIFIES OPPORTUNITIES TO EXPAND EQUITABLE HEALTH CARE AND HEALTHY LIVING IN COOK COUNTY AND CHAMPIONS SOLUTIONS THROUGH FUNDING, EDUCATION, AND ADVOCACY. FROM 1995- 2021, THE FOUNDATION HAS AWARDED OVER 1.1 MILLION IN GRANTS AND HAS DEVELOPED CRITICAL PROGRAMS THAT ADDRESS GAPS IN HEALTH SERVICES. THE FOUNDATION AWARDED GRANTS TO 11 ORGANIZATIONS DELIVERING HEALTH AND EMERGENCY SERVICES PROGRAMS IN 2021. WE BELIEVE IN THE POSSIBILITIES OF PEOPLE, ORGANIZATIONS, BUSINESSES AND GOVERNMENTS WORKING TOGETHER TO CREATE HEALTHY COMMUNITY FOR ALL IN COOK COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Marasco Eliasen Executive Di | Officer | 40 | $76,684 |
Jerry Lilja President | OfficerTrustee | 1 | $0 |
Jack Mchugh Secretary | OfficerTrustee | 1 | $0 |
Inger Andress Vice Preside | OfficerTrustee | 1 | $0 |
Judi Barsness Secretary | OfficerTrustee | 1 | $0 |
John Twiest Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,293 |
| Noncash contributions included in lines 1a–1f | $18,720 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,833 |
| Total Program Service Revenue | $0 |
| Investment income | $20,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,390 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,887 |
| 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. | $76,684 |
| Compensation of current officers, directors, key employees. | $20,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,600 |
| Fees for services: Accounting | $11,904 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,010 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,122 |
| Office expenses | $6,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,610 |
| 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 | $0 |
| Insurance | $3,324 |
| All other expenses | $2,302 |
| Total functional expenses | $231,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,062 |
| Savings and temporary cash investments | $951 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $927,621 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $974,634 |
| Accounts payable and accrued expenses | $26,412 |
| 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 | $26,412 |
| Net assets without donor restrictions | $197,833 |
| Net assets with donor restrictions | $750,389 |
| 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 | $974,634 |
Grants Awarded
Over the last fiscal year, North Shore Health Care Foundation has awarded $38,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Marais, MN PURPOSE: SUPPORT | $12,500 |
COOK COUNTY PUBLIC H&H SERVICES PURPOSE: SUPPORT | $10,000 |
Grand Marais, MN PURPOSE: OPERATING SUPPORT | $10,000 |
COOK COUNTY FIRE CHIEF'S ASSOC PURPOSE: TRAINING FACILITY | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that North Shore Health Care Foundation has recieved totaling $120,351.
| Awarding Organization | Amount |
|---|---|
Walter N And Phyllis A Anderson Charitable Tr Glencoe, MN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $60,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $59,784 |
H William Lurton Foundation Long Lake, MN PURPOSE: MEDICAL | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grand Itasca Clinic And Hospital Grand Rapids, MN | $71,663,098 | $103,118,780 |
Childrens Medical Group Inc Milwaukee, WI | $31,763,307 | $95,855,814 |
Wheaton Franciscan Healthcare-Franklin Inc Franklin, WI | $0 | $93,223,404 |
Oconto Hospital & Medical Center Inc Oconto, WI | $60,351,775 | $89,949,805 |
Tomah Memorial Hospital Inc Tomah, WI | $122,784,056 | $81,760,815 |
Deer River Health Care Center Inc Deer River, MN | $45,625,838 | $43,385,776 |
United Hospital District Inc Blue Earth, MN | $51,620,519 | $43,623,403 |
Centracare Health System Sauk Centre Sauk Centre, MN | $63,807,230 | $38,896,016 |
Essentia Health Moose Lake Moose Lake, MN | $67,296,296 | $51,236,732 |
Morgridge Institute For Researchinc Madison, WI | $39,159,232 | $31,260,275 |
Spooner Health System Inc Spooner, WI | $66,862,131 | $29,208,258 |
Avera Granite Falls Granite Falls, MN | $28,331,941 | $28,529,564 |