N C Little Memorial Hospice Inc
- Assets
- $4.9m
- Revenue
- $2.8m
- Investments
- $1.3m
- Employees
- 57
- Location
- Edina, MN
- Founding
- 02/1995
- Data as of
- 06/2023
- EIN
- 41-1791216
Organization Overview
N C Little Memorial Hospice Inc is located in Edina, MN. The organization was established in 1995. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2023, N C Little Memorial Hospice Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N C Little Memorial Hospice Inc 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 06/2023, N C Little Memorial Hospice Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 3.7% 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
HOSPICE CARE FOR TERMINALLY ILL PATIENTS IN A HOME-LIKE SETTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
N.C. LITTLE IS AN EIGHT BED RESIDENTIAL HOSPICE PROVIDING COMPREHENSIVE, MEDICALLY DIRECTED CARE FOR TERMINALLY ILL PATIENTS AND THEIR FAMILIES IN A HOME-LIKE SETTING.
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 |
|---|---|---|---|
Robert Solheim Co-Executive Director | OfficerTrustee | 40 | $177,638 |
Dr John Manion Board Member | Trustee | 0.5 | $0 |
Mr James Crist Board Member | Trustee | 0.5 | $0 |
Mr George Seltz Board Member | Trustee | 0.5 | $0 |
Mr Stephen J Rempe Board Member | Trustee | 0.5 | $0 |
Mr Michael Tenney Treasurer | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,214,972 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,214,972 |
| Total Program Service Revenue | $1,480,320 |
| Investment income | $124,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,133 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,821,281 |
| 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. | $334,233 |
| Compensation of current officers, directors, key employees. | $94,473 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,366,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,986 |
| Payroll taxes | $127,676 |
| 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 | $0 |
| Advertising and promotion | $10,163 |
| Office expenses | $23,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $52,931 |
| Insurance | $47,021 |
| All other expenses | $162,456 |
| Total functional expenses | $2,389,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,758 |
| Savings and temporary cash investments | $2,595,029 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,424 |
| 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 | $627,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,313,070 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,322 |
| Total assets | $4,921,495 |
| Accounts payable and accrued expenses | $17,881 |
| Grants payable | $0 |
| Deferred revenue | $18,850 |
| 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 | $83,008 |
| Total liabilities | $119,739 |
| Net assets without donor restrictions | $4,801,756 |
| 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 | $4,921,495 |