Sanford Health Foundation North
- Assets
- $89.4m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 01/1988
- Data as of
- 12/2022
- EIN
- 45-0398104
Organization Overview
Sanford Health Foundation North is located in Sioux Falls, SD. The organization was established in 1988. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Sanford Health Foundation North 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, Sanford Health Foundation North generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 7 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, Sanford Health Foundation North has awarded 71 individual grants totaling $33,536,054. 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 INSPIRE PHILANTHROPY TO ADVANCE THE MISSION OF SANFORD HEALTH. 100% OF (CONTINUED ON SCH O) DONOR DOLLARS FUEL THE WORK OF HEALTH, HEALING AND COMFORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION INSPIRES AND FACILITATES PHILANTHROPIC INVESTMENT AND BUILDS COMMUNITY ENGAGEMENT AROUND LOCAL HEALTH CARE-RELATED PROGRAMS, SERVICES HEALTH INITIATIVES. SPECIFICALLY, DONATIONS HELP PROVIDE PATIENT CARE AND FAMILY SUPPORT ($2,623,709), EQUIPMENT AND FACILITY IMPROVEMENT PROJECTS ($506,134), EDITH BREAST HEALTH INITIATIVE ($1,790) EMPLOYEE BENEFIT ($206,232), COMMUNITY BENEFIT ($13,040), AND OTHER SUPPORT($1,037,017).
ADDITIONAL DONATIONS HELP SUPPORT HEALTHCARE EDUCATION AND RESEARCH PROGRAMS. SANFORD HEALTH IS DEDICATED TO PROVIDING CONTINUING TRAINING AND EDUCATION FOR ITS EMPLOYEES, ENSURING THAT PATIENTS HAVE THE BENEFIT OF THE MOST CURRENT PROTOCOLS IN CARE DELIVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Gassen III Trustee, President & CEO | OfficerTrustee | 0.5 | $0 |
Michelle Bruhn Evp, CFO & Treasurer | Officer | 0.5 | $0 |
Maria Bell MD Trustee, Physician | Trustee | 0.5 | $0 |
Deb Koski Vp, Chief Phil Officer | Officer | 5 | $0 |
Mark Lundeen MD Trustee, Physician | Trustee | 0.5 | $0 |
Joann Kunkel Former Cfo-Sch J, Part Iii, Line 4a | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,087 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,546,807 |
| Noncash contributions included in lines 1a–1f | $55,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,569,894 |
| Total Program Service Revenue | $0 |
| Investment income | $2,544,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $464,633 |
| Net Income from Fundraising Events | $8,480 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,587,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,164,792 |
| 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. | $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 | $4,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $168,343 |
| Fees for services: Other | $12,590 |
| Advertising and promotion | $36,544 |
| Office expenses | $17,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $119,280 |
| Travel | $6,405 |
| 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 | $67 |
| All other expenses | -$2,132,449 |
| Total functional expenses | $5,164,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,644,423 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,235,174 |
| Accounts receivable, net | $109,675 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $129,425 |
| Prepaid expenses and deferred charges | $124,934 |
| Net Land, buildings, and equipment | $761,763 |
| Investments—publicly traded securities | $69,119,619 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,236,266 |
| Total assets | $89,361,279 |
| Accounts payable and accrued expenses | $3,636 |
| 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 | $189,907 |
| Total liabilities | $193,543 |
| Net assets without donor restrictions | $17,714,158 |
| Net assets with donor restrictions | $71,453,578 |
| 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 | $89,361,279 |
Grants Awarded
Over the last fiscal year, Sanford Health Foundation North has awarded $5,155,414 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH DAKOTA STATE UNIVERSITY PURPOSE: NDSU NURSING SCHOLARSHIPS | $17,700 |
SANFORD CLINIC NORTH PURPOSE: SEE FORM 990, PAGE 2, PART II | $14,584 |
SANFORD HEALTH NETWORK NORTH PURPOSE: SEE FORM 990, PAGE 2, PART II | $51,174 |
SANFORD HOME HEALTH PURPOSE: SEE FORM 990, PAGE 2, PART II | $37,650 |
SANFORD HEALTHCARE ACCESSORIES LLC PURPOSE: SEE FORM 990, PAGE 2, PART II | $12,410 |
SANFORD MEDICAL CENTER PURPOSE: SEE FORM 990, PAGE 2, PART II | $56,978 |