Olivia Hospital & Clinic Foundation
- Assets
- $2.5m
- Revenue
- $141.7k
- Investments
- $2.4m
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 06/1996
- Data as of
- 12/2021
- EIN
- 41-1839619
Organization Overview
Olivia Hospital & Clinic Foundation is located in Bloomington, MN. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olivia Hospital & Clinic 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, Olivia Hospital & Clinic Foundation generated $141.7k 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 (12.3%) each year. All expenses for the organization totaled $430.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 years. 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 SUPPORT OLIVIA HOSPITAL AND CLINIC IN DELIVERING ACCESSIBLE AND QUALITY HEALTH CARE.
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 |
|---|---|---|---|
Becca Thiesse Board Chair | OfficerTrustee | 1 | $0 |
Jennifer Macik Secretary | OfficerTrustee | 1 | $0 |
Nathan Blad President | OfficerTrustee | 1 | $0 |
Sara Benson Treasurer | OfficerTrustee | 1 | $0 |
Nancy A Anderson CFO | Officer | 1 | $0 |
Barbara Melberg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,530 |
| Related organizations | $14,897 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,990 |
| Noncash contributions included in lines 1a–1f | $6,144 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,417 |
| Total Program Service Revenue | $0 |
| Investment income | $60,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,092 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $387,912 |
| Grants and other assistance to domestic individuals. | $28,000 |
| 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 | $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 | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $14,792 |
| Total functional expenses | $430,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,987 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,298 |
| 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 | $2,371,567 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,519,852 |
| Accounts payable and accrued expenses | $22,460 |
| 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 | $22,460 |
| Net assets without donor restrictions | $1,473,734 |
| Net assets with donor restrictions | $1,023,658 |
| 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 | $2,519,852 |
Grants Awarded
Over the last fiscal year, Olivia Hospital & Clinic Foundation has awarded $367,533 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Olivia, MN PURPOSE: WALK IN THE PARK | $296,598 |
Bloomington, MN PURPOSE: PROGRAM SUPPORT | $70,935 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Olivia Hospital & Clinic Foundation has recieved totaling $21,965.
| Awarding Organization | Amount |
|---|---|
Group Health Plan Inc Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $14,897 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: RENVILLE COUNTY HOSPICE | $7,068 |
Endowment Analysis
| Beg. Balance | $1,030,970 |
| Earnings | $38,841 |
| Admin Expense | $289,340 |
| Net Contributions | $56,474 |
| Grants | $113,885 |
| Ending Balance | $723,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Sioux Falls Area Community Foundation Inc Sioux Falls, SD | $264,068,911 | $59,923,672 |
Catholic Community Foundation Of Minnesota St Paul, MN | $510,001,439 | $72,097,381 |
Communitygiving St Cloud, MN | $193,103,222 | $46,523,540 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
3m Open Fund Blaine, MN | $2,792,523 | $13,492,516 |