Centracare Health Foundation
- Assets
- $60.4m
- Revenue
- $11.8m
- Investments
- $53.6m
- Employees
- 0
- Location
- St Cloud, MN
- Founding
- 04/1997
- Data as of
- 06/2021
- EIN
- 41-1855173
Organization Overview
Centracare Health Foundation is located in St Cloud, MN. The organization was established in 1997. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, 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. Centracare Health 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 06/2021, Centracare Health Foundation generated $11.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $7.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Centracare Health Foundation has awarded 142 individual grants totaling $52,031,348. 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
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR RELIGIOUS, EDUCATIONAL AND CHARITABLE PURPOSES, AS CONTEMPLATED AND PERMITTED BY SECTIONS 170(C)(2) AND 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. WITHIN THE FRAMEWORK OF THE FOREGOING, THE PURPOSE FOR WHICH THE CORPORATION IS FORMED, AND THE BUSINESS AND THE OBJECTS TO BE CARRIED ON BY IT, IS TO PROVIDE A MEANS OF IMPROVING THE HEALTH OF THE COMMUNITIES SERVED BY THE SAINT CLOUD HOSPITAL AND CENTRACARE, PRINCIPALLY AS FOLLOWS: (A) ENGAGING IN ACTIVITIES TO PROMOTE THE GENERAL HEALTH OF ALL MEMBERS OF THE COMMUNITY AND IMPROVE THE DELIVERY OF HEALTH CARE SERVICES. (B) PROMOTING AND FURTHERING THE PROVISION OF HEALTH AND MEDICAL CARE SERVICES TO INDIVIDUALS WITH LIMITED OR NO FINANCIAL ABILITY TO PAY FOR SUCH SERVICES. (C) PROMOTING HEALTH EDUCATION. (D) PROMOTING HEALTH AND MEDICAL RESEARCH. (E) PROMOTING MEDICAL AND ALLIED HEALTH EDUCATION. (F) SOLICITING GRANTS AND GIFTS FROM PRIVATE AND PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES INCLUDED CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ACTIVITIES FOR THE BENEFIT OF THE COMMUNITIES SERVED BY THE ST. CLOUD HOSPITAL AND CENTRACARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Konkler Vice President, Foundation | OfficerTrustee | 40 | $0 |
Paul Radeke Chair | Officer | 1 | $0 |
Chad Roggeman Vice Chair | Officer | 1 | $0 |
Mark S Matthias MD Vice President | Officer | 0 | $0 |
Amy M Porwoll Chief Information Officer/senior Vice | Officer | 0 | $0 |
Thomas Schrup MD Chief Physician Officer/evp | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $103,194 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,719,579 |
| Noncash contributions included in lines 1a–1f | $221,743 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,822,773 |
| Total Program Service Revenue | $0 |
| Investment income | $3,576,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$590 |
| Net Income from Fundraising Events | $428,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,826,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,374,993 |
| Grants and other assistance to domestic individuals. | $32,201 |
| 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 | $11,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,169 |
| Office expenses | $28,333 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $222 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,389 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,663 |
| Insurance | $218 |
| All other expenses | $0 |
| Total functional expenses | $7,725,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,125,396 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,727,230 |
| Accounts receivable, net | $422,908 |
| 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 | $117,968 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $53,642,828 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,405,013 |
| Total assets | $60,441,343 |
| Accounts payable and accrued expenses | $1,733 |
| 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 | $167,227 |
| Total liabilities | $168,960 |
| Net assets without donor restrictions | $56,144,221 |
| Net assets with donor restrictions | $4,128,162 |
| 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 | $60,441,343 |
Grants Awarded
Over the last fiscal year, Centracare Health Foundation has awarded $4,534,705 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
St Cloud, MN PURPOSE: GENERAL SUPPORT | $2,063,343 |
St Cloud, MN PURPOSE: GENERAL SUPPORT | $1,504,562 |
St Cloud, MN PURPOSE: GENERAL SUPPORT | $400,833 |
ST BENEDICT'S SENIOR COMMUNITY PURPOSE: GENERAL SUPPORT | $182,546 |
Long Prairie, MN PURPOSE: GENERAL SUPPORT | $161,795 |
Sauk Centre, MN PURPOSE: GENERAL SUPPORT | $59,356 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Centracare Health Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Rosen Family Foundation Inc Bloomington, MN PURPOSE: IMPROVE HEALTH AND HEALTH CARE IN THE LONG PRAIRIE COMMUNITY | $50,000 |
Endowment Analysis
| Beg. Balance | $270,110 |
| Net Contributions | $86,247 |
| Ending Balance | $356,357 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oakwood Village University Woods Homes Inc Madison, WI | $65,944,381 | $14,695,232 |
Healtheast Care Center-White Bear Lake Minneapolis, MN | $21,500,066 | $19,878,370 |
Baptist Home Inc Edina, MN | $23,839,414 | $18,350,368 |
St Johns Lutheran Home Albert Lea, MN | $48,874,024 | $18,188,441 |
Madison Healthcare Services Madison, MN | $39,706,321 | $23,223,798 |
Methodist Manor Health Center Inc West Allis, WI | $6,950,058 | $15,339,815 |
Catholic Eldercare Minneapolis, MN | $35,653,392 | $18,000,892 |
Ebenezer Ridges Edina, MN | $19,189,354 | $17,159,113 |
Bethany Manor Inc Story City, IA | $35,629,736 | $20,182,256 |
Bethany Lutheran Home Sioux Falls, SD | $29,243,342 | $16,408,345 |
Sholom Home West Inc St Louis Park, MN | $13,898,691 | $15,585,899 |
Bethel Lutheran Nursing & Rehabilitation Center Williston, ND | $14,740,286 | $14,698,424 |