Dakota Medical Foundation
- Assets
- $52.3m
- Revenue
- $5.3m
- Investments
- $18.5m
- Employees
- 9
- Location
- Fargo, ND
- Founding
- 09/2002
- Data as of
- 09/2023
- EIN
- 45-6012318
Organization Overview
Dakota Medical Foundation is located in Fargo, ND. The organization was established in 2002. 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. As of 09/2023, Dakota Medical Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dakota Medical Foundation 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, Dakota Medical Foundation generated $5.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $4.9m during the year ending 09/2023. While expenses have increased by 4.0% 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.
Since 2015, Dakota Medical Foundation has awarded 543 individual grants totaling $14,524,731. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE LEAD INITIATIVES TO CREATE A REGION OF THE HEALTHIEST PEOPLE, BUILD THE FUNDRAISING SUCCESS OF CHARITIES, AND INVEST IN NEW IDEAS THAT CREATE WIDESPREAD HEALTH IMPROVEMENT.
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 AND CLAY COUNTY, MN THAT EXPERIENCE FINANCIAL HARDSHIPS DUE TO CATASTROPHIC MEDICAL ISSUES. IN 2019, THE MISSION WAS EXPANDED TO INCLUDE RESIDENTS OF BECKER COUNTY, MN. IN 2022, THE MISSION WAS EXPANDED TO INCLUDE FINANCIAL HARDSHIP DUE TO A TRAUMATIC EVENT OR RECENT LOSS OF LIFE, IN ADDITION TO CRITICAL HEALTH ISSUES. IN 2023, THE LEND A HAND UP PROGRAM HELPED RAISE $2 MILLION FOR 70 QUALIFIED FAMILIES. LEND A HAND UP PARTICIPATED IN GIVING HEARTS DAY 2023 AND RAISED NEARLY $125,000 TO SUPPORT FINANCIAL BOOSTS DISTRIBUTED TO EACH FAMILY SERVED BY THE PROGRAM. THE FOUNDATIONS HAVE PROVIDED BOOST FUNDING TOTALING MORE THAN $3 MILLION SINCE 2008.
ORGANIZATIONAL EFFECTIVENESSIN 2023, THE FOUNDATIONS PROVIDED $113,000 IN GRANTS TO IMPACT FOUNDATION FOR TRAINING AND COACHING NONPROFIT LEADERS INVOLVED IN GIVING HEARTS DAY ACROSS THE REGION. IMPACT TRAINING AND COACHING: THE HIGH IMPACT INSTITUTE'S ULTIMATE GOAL IS TO HELP INDIVIDUALS AND ORGANIZATIONS UNLOCK THEIR POTENTIAL TO SERVE. THE HIGH IMPACT INSTITUTE WORKS TO HELP CHARITIES BUILD A SYSTEMATIC APPROACH TO FUNDRAISING AND A HIGH IMPACT APPROACH TO BOARD-CEO-TEAM LEADERSHIP. THE HIGH IMPACT 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 $165 MILLION TO IMPROVE HEALTH AND QUALITY OF LIFE IN NORTH DAKOTA AND NORTHWEST MINNESOTA. 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 2023, 228 NONPROFITS USED THE FACILITY AT LITTLE OR NO COST FOR NEARLY 500 TRAINING, EDUCATION, AND RETREAT EVENTS WITH MORE THAN 8,000 COMMUNITY MEMBERS IN ATTENDANCE. SINCE MARCH 2013, OVER 1,500 NONPROFITS HAVE UTILIZED THE SPACE FOR 3,100 EVENTS WITH MORE THAN 93,000 COMBINED ATTENDEES.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 UPDATE TO THE ADMIN FEATURES TO IMPROVE CHARITY SATISFACTION, FUNCTIONALITY AND OVERALL USER EXPERIENCE. THE PLATFORM ALSO LEVERAGED A STRESS TESTING ENVIRONMENT TO REFINE HIGH-PERFORMANCE SYSTEM ARCHITECTURE.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 $165 MILLION. IN FISCAL YEAR 2023, FOUNDATION STAFF LED AND COORDINATED THE COMPLEX UNDERTAKING OF MANAGING 562 CHARITABLE CAUSES AND NEARLY 42,000 DONORS' EXPERIENCE IN OUR REGION'S MOST GENEROUS DAY. IN 2023, THE FOUNDATIONS EXPANDED WAYS TO GIVE THROUGH DONATION OF GOODS AND FOOD ITEMS. AREA BUSINESSES AND FOOD PANTRIES HOSTED THE FIRST-EVER STATEWIDE GIVING HEARTS DAY FOOD DRIVE WITH MORE THAN 8,500 POUNDS OF FOOD DONATED AND DISTRIBUTED TO FOOD PANTRIES AND CHARITIES ACROSS NORTH DAKOTA. THE FOUNDATIONS HAVE PROVIDED NEARLY $7.3 MILLION IN MATCHING FUND GRANTS AND INCENTIVE GRANTS FOR PARTICIPATING ORGANIZATIONS SINCE INCEPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Patrick Traynor Executive Director | Officer | 20 | $227,230 |
Michael Schumacher CFO | Officer | 20 | $0 |
Rob Lauf DDS Vice Chair (oct- Dec 22)/ Chair (jan-Sept 23) | OfficerTrustee | 4 | $0 |
Amanda Thomas Director/chair (oct - Dec 22) | OfficerTrustee | 2 | $0 |
Nola Mcneally JD Director/vice Chair (jan - Sept 23) | OfficerTrustee | 2 | $0 |
Chris Kennelly Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sei Investments Investment Management | 9/29/23 | $139,707 |
Tl Stroh Archietcts Architectural Services | 9/29/23 | $302,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,050 |
| Fundraising events | $9,800 |
| Related organizations | $500,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,629,296 |
| Noncash contributions included in lines 1a–1f | $1,127,317 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,148,146 |
| Total Program Service Revenue | $274,499 |
| Investment income | $833,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $935,303 |
| Net Income from Fundraising Events | $59,590 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,251,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,046,864 |
| Grants and other assistance to domestic individuals. | $2,375 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $512,036 |
| Compensation of current officers, directors, key employees. | $51,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $496,787 |
| Pension plan accruals and contributions | $36,022 |
| Other employee benefits | $76,121 |
| Payroll taxes | $48,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,549 |
| Fees for services: Accounting | $20,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $187,981 |
| Fees for services: Other | $292,289 |
| Advertising and promotion | $85,579 |
| Office expenses | $76,615 |
| Information technology | $36,132 |
| Royalties | $0 |
| Occupancy | $240,289 |
| Travel | $13,568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $197,745 |
| Interest | $111,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $341,733 |
| Insurance | $44,989 |
| All other expenses | $46,161 |
| Total functional expenses | $4,919,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,549,236 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,834 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $291,748 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,932 |
| Net Land, buildings, and equipment | $11,136,138 |
| Investments—publicly traded securities | $12,769,960 |
| Investments—other securities | $18,472,036 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,940 |
| Total assets | $52,312,824 |
| Accounts payable and accrued expenses | $287,280 |
| 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 | $3,401,387 |
| Unsecured mortgages and notes payable | $1,912,003 |
| Other liabilities | $3,354,136 |
| Total liabilities | $8,954,806 |
| Net assets without donor restrictions | $24,679,828 |
| Net assets with donor restrictions | $18,678,190 |
| 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 | $52,312,824 |
Grants Awarded
Over the last fiscal year, Dakota Medical Foundation has awarded $1,546,709 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
BIO GIRLS PURPOSE: promote self-esteem and mental well being in adolescent girls | $9,500 |
BRADY OBERG LEGACY FOUNDATION PURPOSE: provide support for veterans and raise awareness of PTSD amount veterans | $12,000 |
CASSELTON PARK DISCTRICT PURPOSE: support 5th Quarter project providing safe, drug and alcohol-free activities for youth in Casselton, ND | $10,000 |
CHILD EVANGELISM FELLOWSHIP OF FM AREA PURPOSE: provide resources for afterschool programs and summer camps | $5,500 |
CHURCHES UNITED FOR THE HOMELESS PURPOSE: support shelter for homeless | $10,500 |
COMMUNITY VIOLENCE INTERVENTION CENTER INC PURPOSE: support of leadership to end violence and deliver safety and healing | $6,500 |