Prairie Ridge Foundation Inc
- Assets
- $256.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elbow Lake, MN
- Founding
- 08/2014
- Data as of
- 09/2023
- EIN
- 45-5092280
Organization Overview
Prairie Ridge Foundation Inc is located in Elbow Lake, MN. The organization was established in 2014. 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. Prairie Ridge 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 09/2023, Prairie Ridge Foundation Inc generated $29.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $28.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (15.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
IN 2013, THE PRAIRIE RIDGE FOUNDATION (PRF) STARTED THE PROCESS OF FUNDRAISING WITH THE GOAL OF PARTNERING WITH AND SUPPORTING PRAIRIE RIDGE HOSPITAL AND HEALTH SERVICES (PRHHS) IN ITS MISSION OF "SERVING THE HEALTHCARE NEEDS OF THE PEOPLE." THIS FUNDRAISING WAS DONE THROUGH AN EMPLOYEE CAMPAIGN AS WELL AS A PUBLIC CAMPAIGN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Swenson Chair | 1 | $0 | |
Gene Wenstrom Vice Chair | 1 | $0 | |
Jeff Dreier Secretary/treasurer | 1 | $0 | |
Kendra Brutlag Director | 1 | $0 | |
Larry Goetzinger Director | 1 | $0 | |
Larry Rapp Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,617 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $18,000 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $29,617 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,810 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,298 |
| Total expenses | $28,539 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $159,221 |
| Other assets | $0 |
| Total assets | $256,612 |
| Total liabilities | $142,268 |
| Net assets or fund balances | $114,344 |