Mankato Clinic Foundation Inc
- Assets
- $1.3m
- Revenue
- $391.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Mankato, MN
- Founding
- 01/1966
- Data as of
- 12/2022
- EIN
- 41-6045200
Organization Overview
Mankato Clinic Foundation Inc is located in Mankato, MN. The organization was established in 1966. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, 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. Mankato Clinic Foundation 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 12/2022, Mankato Clinic Foundation Inc generated $391.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $320.1k during the year ending 12/2022. While expenses have increased by 5.4% 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.
Since 2015, Mankato Clinic Foundation Inc has awarded 48 individual grants totaling $741,111. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE, PROMOTE AND DEVELOP HEALTH EDUCATION AND HEALTHY LIFESTYLE AWARENESS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED GRANTS TO ORGANIZATIONS THAT FOCUS ON PROMOTING HEALTHY LIFESTYLES AND WELLNESS IN THE COMMUNITY. IN ADDITION, MONEY IS PROVIDED TO SOUTH CENTRAL COLLEGE TO AWARD AS SCHOLARSHIPS TO NURSING STUDENTS IN THEIR RESPECTIVE PROGRAMS.THE FOUNDATION PROVIDED SCHOLARSHIPS TO AREA MANKATO CLINIC EMPLOYEES WHO ARE STUDENTS STARTING OR ADVANCING HEALTH CARE EDUCATION PROGRAMS AT THE COLLEGE LEVEL. FIVE DIRECT SCHOLARSHIPS WERE AWARDED.
THE MENTAL HEALTH FIRST AID IS A PROGRAM IN WHICH A CARE MANAGERS WHO IS CERTIFIED IN MENTAL HEALTH FIRST AID TEACHES A CLASS TO LOCAL BUSINESSES AND ORGANIZATIONS ABOUT HOW TO HANDLE SITUATIONS IN WHICH SOMEONE IS DEALING WITH MENTAL HEALTH ISSUES IN THE WORK PLACE.
THE FOUNDATION ASSISTS WITH HEALTH EDUCATION PROJECTS INCLUDING EDUCARE, CAR SEAT SAFETY, AND IMPACT PROGRAM.EDUCARE IS A NON-PROFIT, PUBLIC ENTITY WHICH PROVIDES FINANCIAL SUPPORT TO MANKATO AREA PUBLIC SCHOOLS, BEYOND THE NORMAL OPERATING BUDGETS, FOR PROGRAMS AND ACTIVITIES THAT ENHANCE EDUCATIONAL OPPORTUNITIES FOR ALL STUDENTS. THROUGH THIS FUNDING WE ENABLE TEACHERS TO EXPLORE NEW WAYS TO EXPAND A WORLD OF LEARNING FOR THEIR STUDENTS.THE CAR SEAT SAFETY PROGRAM PROVIDES ON-GOING, FREE OF CHARGE CAR SEAT SAFETY LESSONS OPEN TO THE PUBLIC. THIS CLASS HELPS PARENTS AVOID MISTAKES THAT CAN PUT THEIR CHILDREN AT RISK. THE CLASSES ARE TAUGHT BY CERTIFIED NATIONAL HIGHWAY TRANSPORTATION SAFETY ADMINISTRATION TECHNICIANS. THIS PROGRAM SERVES 100 - 200 FAMILIES EACH YEAR. THE IMPACT PROGRAM PROVIDES SPECIAL SOFTWARE WHICH CAN EVALUATE POSSIBLE SPORTS RELATED HEAD INJURIES IN HIGH SCHOOL ATHLETES. THIS PROGRAM IS UTILIZED AT NINE SCHOOLS AND ONE YOUTH HOCKEY LEAGUE. THIS PROGRAM SERVES APPROXIMATELY 1,700 STUDENT ATHLETES PER YEAR.
THE FOUNDATION PROVIDED SCHOLARSHIPS TO AREA MANKATO CLINIC EMPLOYEES WHO ARE STUDENTS STARTING OR ADVANCING HEALTH CARE EDUCATION PROGRAMS AT THE COLLEGE LEVEL. FIVE DIRECT SCHOLARSHIPS WERE AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Anderson MD Chairperson | OfficerTrustee | 0.5 | $0 |
Katie Smentak Board Member | Trustee | 0.2 | $0 |
Keith Baurer Board Member | Trustee | 0.2 | $0 |
Cathy Davis Board Member | Trustee | 0.2 | $0 |
Mike Kittelson Board Member | Trustee | 0.2 | $0 |
Lisa Cownie Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,292 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $348,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,898 |
| Total Program Service Revenue | $205 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,738 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $279,049 |
| Grants and other assistance to domestic individuals. | $17,486 |
| 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 | $2,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,761 |
| 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 | $1,258 |
| Total functional expenses | $320,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $407,728 |
| 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 | $15,999 |
| Net Land, buildings, and equipment | $13,271 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $907,683 |
| Total assets | $1,344,681 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,344,681 |
| Total liabilities and net assets/fund balances | $1,344,681 |
Grants Awarded
Over the last fiscal year, Mankato Clinic Foundation Inc has awarded $174,362 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MANKATO-NORTH MANKATO YOUTH FOOTBALL PURPOSE: Football Helmet Sponsorship: In the next 5 years, the organization will need to purchase 100 new helmets every year at $150 per helmet. | $6,000 |
FIRST STEPS PURPOSE: clinical social worker | $35,000 |
JZ CANCER FUND PURPOSE: Fund Scholarship under the Johnathon Zeirt Cancer fund | $6,000 |
EDUCARE PURPOSE: Educare is a non-profit, public entity which provides financial support to Mankato Area Public Schools, beyond the normal operating budgets, for programs and activities that enhance educational opportunities for all students. Through this funding, we enable teachers to explore new ways to expand a world of learning for their students. | $25,000 |
WELLSHARE INTERNATIONAL PURPOSE: To help assist WellShare International deploy Community Health Workers in communities to work with patients who struggle with access to resources due to social, racial, cultural, economic or other factors. | $30,000 |
MANKATO YOUTH PLACE PURPOSE: A Safe Place for kids to learn and grow | $10,000 |