Hero Healthcare Equipment Recycling Organization
- Assets
- $476.3k
- Revenue
- $992.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Fargo, ND
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 45-0457109
Organization Overview
Hero Healthcare Equipment Recycling Organization is located in Fargo, ND. The organization was established in 2000. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2021, Hero Healthcare Equipment Recycling Organization employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hero Healthcare Equipment Recycling Organization 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 12/2021, Hero Healthcare Equipment Recycling Organization generated $992.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $848.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hero Healthcare Equipment Recycling Organization has awarded 36 individual grants totaling $1,728,874. 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
RECYCLING AND REDISTRIBUTION OF USED HEALTHCARE ITEMS TO INDIVIDUALS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND REDISTRIBUTION OF USABLE HEALTHCARE MATERIALS TO BENEFIT LOCAL INDIVIDUALS IN NEED VIA LOCAL PROGRAMMING AND STOREFRONT OPERATIONS (45% OF ACTIVITY).
COLLECTION AND REDISTRIBUTION OF USABLE HEALTHCARE MATERIALS TO BENEFIT GLOBAL INDIVIDUALS IN NEED VIA MEDICAL MISSIONS (45% OF ACTIVITY).
PROVISION OF ENVIRONMENTAL SERVICES VIA THE COLLECTION AND PROPER RECYCLING OF HEALTHCARE MATERIALS FROM HEALTHCARE ORGANIZATIONS, LONG-TERM CARE ORGANIZATIONS, AND LOCAL INDIVIDUALS (10% OF ACTIVITY).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonya Sirleaf Executive Dir. | Officer | 40 | $72,726 |
Brandi Rostad Chairman | OfficerTrustee | 1 | $0 |
Jessica Ridout Treasurer | OfficerTrustee | 1 | $0 |
Tally Tinjum Secretary | OfficerTrustee | 1 | $0 |
Ann Miller Director | Trustee | 1 | $0 |
Kristin Hauschild Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,749 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $680,444 |
| Noncash contributions included in lines 1a–1f | $296,286 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $705,193 |
| Total Program Service Revenue | $12,000 |
| Investment income | $248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,558 |
| Net Income from Fundraising Events | $1,488 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $263,964 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $991,996 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $317,960 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,755 |
| Compensation of current officers, directors, key employees. | $3,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,874 |
| Pension plan accruals and contributions | $4,499 |
| Other employee benefits | $0 |
| Payroll taxes | $23,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,577 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $386 |
| Fees for services: Other | $4,698 |
| Advertising and promotion | $24,958 |
| Office expenses | $22,707 |
| Information technology | $8,159 |
| Royalties | $0 |
| Occupancy | $80,807 |
| Travel | $8,760 |
| 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 | $5,851 |
| Insurance | $4,720 |
| All other expenses | $0 |
| Total functional expenses | $848,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,779 |
| Savings and temporary cash investments | $191,513 |
| 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 | $104,290 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $476,265 |
| Accounts payable and accrued expenses | $7,768 |
| 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 | $3,565 |
| Total liabilities | $11,333 |
| Net assets without donor restrictions | $464,932 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $476,265 |
Grants Awarded
Over the last fiscal year, Hero Healthcare Equipment Recycling Organization has awarded $312,960 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis Park, MN PURPOSE: TO REDISTRIBUTE ITEMS TO NEEDY | $127,490 |
Salt Lake City, UT PURPOSE: TO REDISTRIBUTE ITEMS TO NEEDY | $119,030 |
St Paul, MN PURPOSE: TO REDISTRIBUTE ITEMS TO NEEDY | $47,440 |
Fargo, ND PURPOSE: TO REDISTRIBUTE ITEMS TO NEEDY | $13,000 |
CLAY COUNTY EMERGENCY MGMT PURPOSE: TO REDISTRIBUTE ITEMS TO NEEDY | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Hero Healthcare Equipment Recycling Organization has recieved totaling $99,838.
| Awarding Organization | Amount |
|---|---|
Otto Bremer Trust St Paul, MN PURPOSE: WAIVED FEE PROGRAM | $40,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $30,000 |
Fargo-Moorhead Area Foundation Corporation Fargo, ND PURPOSE: $2190.00-CARING CATALOG $9000.00-GENERAL SUPPORT | $11,190 |
Fred M Hector Jr Charitable Trust Fargo, ND PURPOSE: PROGRAM SUPPORT | $8,000 |
Blue Cross Blue Shield Of North Dakota Caring Foundation Fargo, ND PURPOSE: SUPPORT FOR WAIVED FEE PROGRAM FOR HEALTH EQUIPMENT AND SUPPLIES | $7,000 |
Midcontinent Foundation Minneapolis, MN PURPOSE: PURCHASE STOCK PICKER CARTS FOR THE DONATION CENTER FOR INCOMING MEDICAL EQUIPMENT. | $3,000 |
Endowment Analysis
| Beg. Balance | $20,117 |
| Earnings | $1,935 |
| Admin Expense | $500 |
| Net Contributions | $8,080 |
| Other Expense | $8,000 |
| Ending Balance | $21,632 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Dental Of South Dakota Pierre, SD | $54,773,783 | $91,359,550 |
Caringbridge Eagan, MN | $5,186,201 | $10,947,977 |
South Dakota Life And Health Insurance Guaranty Association Sioux Falls, SD | $739,466 | $7,515,713 |
Ridgeview Insurance Company Waconia, MN | $15,758,174 | $5,649,274 |
Preferredone Community Health Plan Golden Valley, MN | $2,826,703 | $1,188,255 |
Hero Healthcare Equipment Recycling Organization Fargo, ND | $476,265 | $991,996 |
Citizens Council For Health Freedom St Paul, MN | $1,615,674 | $1,237,665 |
Minnesota Life And Health Insurance Guaranty Association Minneapolis, MN | $16,113,773 | $804 |
South Dakota Dental Foundation Pierre, SD | $109,233 | $188,392 |
Light The Legacy St Cloud, MN | $270,271 | $233,349 |
D A Hoff Charitable Foundation Cottonwood, MN | $855,312 | $55,982 |
Medcity Foundation Rochester, MN | $271,240 | $0 |