Ucare Foundation
- Assets
- $60.7m
- Revenue
- $82.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-4795214
Organization Overview
Ucare Foundation is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Ucare 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 12/2023, Ucare Foundation generated $82.5m in total revenue. All expenses for the organization totaled $103.3m during the year ending 12/2023. While expenses have increased by 70.5% 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 2016, Ucare Foundation has awarded 156 individual grants totaling $110,224,764. 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
GRANT-MAKING TO IMPROVE THE HEALTH OF UNDER-SERVED POPULATIONS IN MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary Marden-Resnik President & CEO | Officer | 0.1 | $0 |
Beth Monsrud Svp, CFO & Treasurer | Officer | 0.1 | $0 |
Daniel Santos Chief Legal Officer & Secretary | Officer | 0.1 | $0 |
Ghitiann Worcester Evp Chief Marketing Officer (through Sep 2023) | Officer | 0.1 | $0 |
Tenbit Emiru Evp, Chief Medical Officer | Officer | 0.1 | $0 |
Marie Zimmerman Evp, Chief Strategy Officer | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $80,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,000,000 |
| Total Program Service Revenue | $0 |
| Investment income | $2,513,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,513,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $103,337,170 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,778 |
| Advertising and promotion | $3,591 |
| Office expenses | $3,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $103,349,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80 |
| Savings and temporary cash investments | $57,702,427 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,647,039 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $357,311 |
| Total assets | $60,706,857 |
| Accounts payable and accrued expenses | $502 |
| Grants payable | $50,000,000 |
| 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 | $50,000,502 |
| Net assets without donor restrictions | $10,706,355 |
| 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 | $60,706,857 |
Grants Awarded
Over the last fiscal year, Ucare Foundation has awarded $103,334,302 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN COMMUNITY SENIOR SERVICES PURPOSE: GRANT PROVIDES STAFF SUPPORT FOR HEALTH INSURANCE RENEWAL ASSISTANCE TO IMMIGRANTS LIVING IN THE TWIN CITIES AREA. | $50,000 |
AITKIN COUNTY PURPOSE: GRANT AUGMENT COUNTY'S PLAN FOR INCREASING AWARENESS AROUND MENTAL HEALTH, ACCESSING CARE, AND PREVENTING SUICIDE. | $50,000 |
ALONGSIDE NETWORK PURPOSE: PROJECT UTILIZES TAKE A BREATH CURRICULUM TO HOST WELLBEING GROUPS WITH PARENTS/CAREGIVERS OF CHILDREN WITH LIFE-THREATENING ILLNESS/INJURY. | $50,000 |
ALTRU HEALTH FOUNDATION PURPOSE: FUNDING IS FOR IMPLEMENTATION OF EMMI PLATFORM PROVIDING COMPLREHENSIVE CUSTOMIZABLE DIGITAL HEALTH INFORMATION FOR PATIENTS IN 20 LANGUAGES. | $50,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: GRANT OFFSETS COSTS OF ATTENDING CAMP NEEDLEPOINT AND ITS PROGRAMMING FOR CHILDREN WITH DIABETES. | $10,000 |
ANNEX TEEN CLINIC PURPOSE: GRANT TO ENSURE YOUTH AT RISK FOR UNINTENTIONAL PREGNANCY CAN IDENTIFY IT EARLY ON FOR A HEALTHY AND SAFE PREGNANCY/POSTPARTUM TRANSITION. | $50,000 |