Ronald Mcdonald House Charities Of The Red River Valley
- Assets
- $7.3m
- Revenue
- $1.3m
- Investments
- $1.2m
- Employees
- 26
- Location
- Fargo, ND
- Founding
- 03/1982
- Data as of
- 12/2022
- EIN
- 45-0365598
Organization Overview
Ronald Mcdonald House Charities Of The Red River Valley is located in Fargo, ND. The organization was established in 1982. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Ronald Mcdonald House Charities Of The Red River Valley employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronald Mcdonald House Charities Of The Red River Valley 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, Ronald Mcdonald House Charities Of The Red River Valley generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 6.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
KEEPING FAMILIES TOGETHER AND PROVIDING THE COMFORTS OF HOME WHILE THEIR KIDS RECEIVE MEDICAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR RONALD MCDONALD HOUSE PROVIDES A WELCOMING PLACE TO STAY FOR FAMILIES DEALING WITH THE STRESS AND FEAR OF A CRITICALLY-ILL OR INJURED CHILD. IN 2022, WE OPENED 7 ADDITIONAL GUEST ROOMS BRINGING US TO 24 TOTAL ROOMS. THIS ALLOWED US TO SERVE 157 MORE FAMILIES IN 2022 FOR A TOTAL OF 530 FAMILIES AND 6,016 TOTAL NIGHTS OF ACCOMMODATION.WHEN CHILDREN MUST TRAVEL LONG DISTANCES TO ACCESS TO MEDICAL CARE, ACCOMMODATIONS FOR FAMILIES CAN BE EXPENSIVE. THE RONALD MCDONALD HOUSE HELPS FAMILIES STAY CLOSE TO THEIR SICK OR INJURED CHILD, INCREASING THE TIME THAT FAMILIES CAN BE TOGETHER AND PARTICIPATE IN CRITICAL MEDICAL DECISIONS AND CARE. THE HOUSE IS MORE THAN A PLACE TO SLEEP; IT IS A PLACE OF COMFORT, COMPASSION, AND CONVENIENCE FOR FAMILIES DURING A VERY TRYING TIME. FAMILIES CAN STAY FOR A DAY, A WEEK, A MONTH OR SOMETIMES MUCH LONGER. THE RONALD MCDONALD HOUSE PROGRAM EASES SOME OF THE EMOTIONAL AND FINANCIAL BURDEN THAT FAMILIES FACE BY PROVIDING MEALS, GROCERIES, LAUNDRY SERVICES, AND FAMILY-CENTERED SPACES WHERE GUESTS CAN RELAX AND REFRESH.
LOCATED WITHIN THE ESSENTIA HEALTH HOSPITAL ON 32ND AVE IN FARGO, THE RONALD MCDONALD FAMILY ROOM PROVIDES FAMILY AND CAREGIVERS A PLACE TO REST JUST STEPS AWAY FROM THEIR CHILD'S BEDSIDE. OUR FAMILY ROOM INCLUDES A KITCHENETTE, SHOWER, TV, AND MORE. THIS SPACE ALLOWS FAMILIES SOME RESPITE SO THEY CAN BE STRONG FOR THEIR SICK CHILD THROUGHOUT THE LONG DAYS OF TESTING AND TREATMENT. THIS SPACE IS OFFERED AT NO CHARGE AND IS OPEN DAILY FOR FAMILIES AND SERVED 200 FAMILIES IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Rizzo President | OfficerTrustee | 1 | $0 |
Madison Hausauer Vice President | OfficerTrustee | 1 | $0 |
Emily Cook Secretary | OfficerTrustee | 1 | $0 |
Alexis Odden Treasury | OfficerTrustee | 1 | $0 |
Jeremy Ostrowski Immediate Past President | Trustee | 1 | $0 |
Todd Anderson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86,663 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,003,218 |
| Noncash contributions included in lines 1a–1f | $139,472 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,089,881 |
| Total Program Service Revenue | $68,386 |
| Investment income | $38,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$887 |
| Net Income from Fundraising Events | $89,275 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,285,591 |
| 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. | $104,901 |
| Compensation of current officers, directors, key employees. | $5,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,294 |
| Pension plan accruals and contributions | $2,196 |
| Other employee benefits | $4,150 |
| Payroll taxes | $29,093 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,606 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,001 |
| Advertising and promotion | $958 |
| Office expenses | $40,701 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,687 |
| Interest | $11,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,275 |
| Insurance | $0 |
| All other expenses | $41,676 |
| Total functional expenses | $1,081,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $659,757 |
| Savings and temporary cash investments | $269,255 |
| Pledges and grants receivable | $523,097 |
| 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 | $32,937 |
| Net Land, buildings, and equipment | $4,188,444 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,169,150 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $489,088 |
| Total assets | $7,331,728 |
| Accounts payable and accrued expenses | $59,849 |
| Grants payable | $0 |
| Deferred revenue | $70,375 |
| 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 | $243,387 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,967 |
| Total liabilities | $390,578 |
| Net assets without donor restrictions | $5,390,579 |
| Net assets with donor restrictions | $1,550,571 |
| 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 | $7,331,728 |