Dakota Medical Charities
- Assets
- $81.1m
- Revenue
- $3.9m
- Investments
- $10.7m
- Employees
- 13
- Location
- Fargo, ND
- Founding
- 05/2002
- Data as of
- 09/2020
- EIN
- 45-0368679
Organization Overview
Dakota Medical Charities is located in Fargo, ND. The organization was established in 2002. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Dakota Medical Charities employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dakota Medical Charities 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 09/2020, Dakota Medical Charities generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $3.4m during the year ending 09/2020. While expenses have increased by 6.8% per year over the past 6 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, Dakota Medical Charities has awarded 103 individual grants totaling $8,627,166. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CARRY OUT THE CHARITABLE HEALTH RELATED PURPOSES OF DAKOTA MEDICAL FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAKOTA MEDICAL FOUNDATION (DMF) AND ITS SUPPORTING ORGANIZATION, DAKOTA MEDICAL CHARITIES (DMC), (THE "FOUNDATIONS") ARE RECOGNIZED LEADERS DEDICATED TO ADDRESSING SOCIETAL HEALTH PROBLEMS AND IMPROVING THE HEALTH AND QUALITY OF LIFE FOR PEOPLE ACROSS NORTH DAKOTA AND NORTHWEST MINNESOTA. THE FOUNDATIONS FOCUS THEIR GRANTS AND INITIATIVE PROGRAMS IN SUPPORT OF THE FOLLOWING AREAS: ACCESS TO HEALTHCARE, CHRONIC DISEASE PREVENTION, ORGANIZATIONAL EFFECTIVENESS, AND INNOVATION. ACCESS TO HEALTHCARELEND A HAND UP INITIATIVE: IN 2007, DAKOTA MEDICAL FOUNDATION ESTABLISHED THE LEND A HAND UP INITIATIVE TO PROVIDE FINANCIAL AND FUNDRAISING ASSISTANCE TO A DEFINED CHARITABLE CLASS OF FAMILIES AND INDIVIDUALS IN CASS COUNTY, ND, CLAY COUNTY, MN AND BECKER COUNTY, MN THAT EXPERIENCE FINANCIAL HARDSHIPS DUE TO CATASTROPHIC MEDICAL ISSUES. IN FISCAL YEAR 2021, THE LEND A HAND UP PROGRAM HELPED RAISE MORE THAN $1.8 MILLION FOR 40 QUALIFIED FAMILIES. SEVERAL UPGRADES TO OUR AUCTION TOOL AND USER EXPERIENCE ON THE WEBSITE WERE MADE THROUGHOUT THE FISCAL YEAR. LEND A HAND UP PARTICIPATED IN GIVING HEARTS DAY 2021 AND RAISED $128,694 TO SUPPORT THE BOOST FUNDING DISTRIBUTED TO EACH FAMILY SERVED BY THE PROGRAM. THE FOUNDATIONS HAVE PROVIDED BOOST FUNDING TOTALING MORE THAN $3 MILLION SINCE 2008.
END CHILD SEXUAL ABUSE INITIATIVE: DMF CHILD SEXUAL ABUSE PREVENTION IS A COMMUNITY MOVEMENT ENGAGING CITIZENS IN LEARNING THE SIGNS OF CHILD SEXUAL ABUSE AND GROOMING BEHAVIORS ALONG WITH 10 STEPS TO PROTECT CHILDREN.
ORGANIZATIONAL EFFECTIVENESSIMPACT INSTITUTE TRAINING AND COACHING: THE INSTITUTE WORKS TO HELP CHARITIES BUILD A SYSTEMATIC APPROACH TO FUNDRAISING AND BOARD-CEO LEADERSHIP. THE INSTITUTE ALSO SERVES AS A CO-HOST AND FUNDRAISING COACH FOR CHARITIES IN GIVING HEARTS DAY, ONE OF THE FIRST AND LONGEST RUNNING GIVING DAYS IN THE UNITED STATES. SINCE 2008, GIVING HEARTS DAY HAS HELPED CHARITIES RAISE MORE THAN $112 MILLION TO IMPROVE HEALTH AND QUALITY OF LIFE IN NORTH DAKOTA AND NORTHWEST MINNESOTA. IN 2021, THE FOUNDATIONS PROVIDED $200,000 IN GRANTS TO IMPACT FOUNDATION FOR TRAINING AND COACHING NONPROFIT LEADERS INVOLVED IN GIVING HEARTS DAY ACROSS THE REGION. DMF CENTER FOR EXCELLENCE & INNOVATION: IN MARCH 2013, DMF OPENED A NEWLY-CONSTRUCTED 18,800 SQUARE FOOT BUILDING AS A GIFT TO THE COMMUNITY SERVING AS A NONPROFIT COMMUNITY CENTER TO EDUCATE AND TRAIN AREA NONPROFITS, AS WELL AS A GATHERING SPACE FOR LOCAL NONPROFITS. IN 2021, MORE THAN 80 NONPROFITS USED THE FACILITY, AT LITTLE OR NO COST, FOR TRAINING, EDUCATION, AND RETREATS.GIVINGHEARTSDAY.ORG: THIS TECHNOLOGY PLATFORM ALLOWS CHARITIES TO ACCEPT ONLINE CONTRIBUTIONS FROM DONORS, SHARE THEIR STORIES, AND ENGAGE VOLUNTEERS. THE WEBSITE RECEIVED SEVERAL UPGRADES INCLUDING AN OPTION TO DISPLAY VOLUNTEER OPPORTUNITIES IN A USER-FRIENDLY MANNER AND A SUBSTANTIAL UPDATE ON THE CHARITY ADMINISTRATION PORTAL TO IMPROVE THE FUNCTIONALITY AND OVERALL USER EXPERIENCE. GIVING HEARTS DAY INITIATIVE: TOGETHER, WITH IMPACT FOUNDATION AND THE ALEX STERN FAMILY FOUNDATION, DAKOTA MEDICAL FOUNDATION HOSTS AN ANNUAL 24-HOUR GIVING DAY TO BOOST CHARITY AWARENESS AND VOLUNTEERING AND GIVING IN OUR REGION. SINCE INCEPTION IN 2008, GIVING HEARTS DAY HAS GENERATED CONTRIBUTIONS FOR CHARITIES ACROSS NORTH DAKOTA AND NORTHWEST MINNESOTA TOTALING MORE THAN $112 MILLION. IN FISCAL YEAR 2021, THE FOUNDATION STAFF LED AND COORDINATED THE COMPLEX UNDERTAKING OF MANAGING MORE THAN 500 CHARITABLE CAUSES AND 42,000 DONOR EXPERIENCES IN OUR REGION'S MOST GENEROUS DAY. THE FOUNDATIONS HAVE PROVIDED OVER $7 MILLION IN MATCHING FUND GRANTS AND INCENTIVE GRANTS FOR PARTICIPATING ORGANIZATIONS SINCE INCEPTION.
HIGH IMPACT BOARD/P5 INITIATIVE: AS A FOUNDATION, OUR ULTIMATE AIM IS TO GROW THE UNLIMITED CAPABILITIES OF CHARITY LEADERS (BOARDS & CEOS) TO BUILD TEAMS WHICH GENERATE EXTRAORDINARY IMPACT ON HEALTH AND QUALITY OF LIFE IN THE REGION. THROUGH HIGH IMPACT BOARDS, WE TEACH ORGANIZATIONS AND INDIVIDUALS THAT HAVE A BURNING DESIRE TO SERVE OTHERS HOW TO DREAM BOLDLY AND DELIVER BRILLIANTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Patrick Traynor Executive Director | Officer | 20 | $210,452 |
Michael Schumacher CFO | Officer | 20 | $209,430 |
Kim Meyer Vice Chair | OfficerTrustee | 1 | $0 |
Amanda Thomas Chair | OfficerTrustee | 1 | $0 |
Eric Monson Treasurer | OfficerTrustee | 1 | $0 |
Chris Kennelly Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $671 |
| Investment income | $1,926,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,837,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,853,049 |
| Statement of Expenses | |
|---|---|
| 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. | $264,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $682,345 |
| Pension plan accruals and contributions | $62,998 |
| Other employee benefits | $84,888 |
| Payroll taxes | $59,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $325,800 |
| Fees for services: Other | $104,486 |
| Advertising and promotion | $55,022 |
| Office expenses | $34,849 |
| Information technology | $33,272 |
| Royalties | $0 |
| Occupancy | $25,249 |
| Travel | $4,795 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,158 |
| All other expenses | $0 |
| Total functional expenses | $3,441,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $120,942 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,845 |
| 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 |
| Investments—publicly traded securities | $69,380,413 |
| Investments—other securities | $10,676,900 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $771,268 |
| Total assets | $81,107,368 |
| Accounts payable and accrued expenses | $367,014 |
| 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 | $367,014 |
| 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 |
| Total liabilities and net assets/fund balances | $80,740,354 |
Grants Awarded
Over the last fiscal year, Dakota Medical Charities has awarded $2,269,305 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Fargo, ND PURPOSE: Support of General operations, Lend A Hand Up, Recovery Reinvented fiscal sponsor project and Bossart Parkinson's Fiscal Sponsor project. | $1,836,564 |
Fargo, ND PURPOSE: Support the operation costs of the Impact Institute and the ongoing development of the website. | $220,000 |
Fargo, ND PURPOSE: Support for hyperbaric chamber oxygen treatment and clinical research. | $63,291 |
Grand Forks, ND PURPOSE: Program support for student scholarships in medical or nursing related fields of study and sponsor of golf tournament. | $53,700 |
Fargo, ND PURPOSE: Program support for promoting and supporting recovery for people suffering from substance abuse disorders. | $25,000 |
Fargo, ND PURPOSE: Program support for emergency shelter services for women and children and Women of the Year Fundraising match. | $18,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dakota Medical Charities has recieved totaling $5,671.
| Awarding Organization | Amount |
|---|---|
Dakota Medical Foundation Fargo, ND PURPOSE: Program support for health-related services. | $5,671 |
Endowment Analysis
| Beg. Balance | $59,099 |
| Ending Balance | $59,099 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dakota Medical Charities Fargo, ND | $81,107,368 | $3,853,049 |
Impact Foundation Fargo, ND | $5,033,144 | $2,597,194 |
Venn Foundation Saint Paul, MN | $9,147,471 | $5,256,228 |
Givemn Minneapolis, MN | $1,195,446 | $1,190,324 |
Northwoods Interfaith Volunteer Caregivers Program Bemidji, MN | $21,563 | $852,324 |
Foundation For Christian Schools Kalispell, MT | $3,056,820 | $378,851 |
Faegre Baker Daniels Foundation Minneapolis, MN | $786,187 | $1,305,193 |
Charities Review Council Of Minnesota Inc Roseville, MN | $198,309 | $449,362 |
Indias Hope Chinook, MT | $238,207 | $614,315 |
Evah C Cray Residuary Charitable Tr Sioux Falls, SD | $4,743,030 | $539,483 |
New Impact Fund Minneapolis, MN | $641,752 | $763,896 |
Watertown Pink Ladies Dart League Watertown, SD | $147,827 | $433,375 |