Mille Lacs Area Health Foundation Inc
- Assets
- $1.9m
- Revenue
- $835.5k
- Investments
- $350.0
- Employees
- 0
- Location
- Onamia, MN
- Founding
- 01/2007
- Data as of
- 09/2021
- EIN
- 74-3155412
Organization Overview
Mille Lacs Area Health Foundation Inc is located in Onamia, MN. The organization was established in 2007. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mille Lacs Area Health 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 09/2021, Mille Lacs Area Health Foundation Inc generated $835.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.2% each year . All expenses for the organization totaled $31.2k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE DIVERSE AND CHANGING HEALTHCARE NEEDS OF THE MILLE LACS AREA THROUGH VOLUNTEERISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS AND FUND RAISING PROGRAMS ARE USED TO SUPPORT THE DIVERSE AND CHANGING HEALTHCARE NEEDS OF THE MILLE LACS AREA THROUGH VOLUNTEERISM AND CHARITABLE GIVING. DURING THIS FISCAL YEAR, THE FOUNDATION FOCUSED ON RAISING FUNDS FOR THE NEW MILLE LACS HEALTH SYSTEM - NEXT CHAPTER BUILDING ADDITION.
SCHOLARSHIPS TO ENSURE A STRONG WORK FORCE BY ENCOURAGING THOSE INTERESTED IN THE FIELD OF HEALTHCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Seefeld Foundation Director (through Oct 2020) | Officer | 36 | $56,331 |
Jamie Root-Larsen Board Member (thru Feb 2021), Then Fdtn Director | OfficerTrustee | 24 | $0 |
Dennis Burr President | OfficerTrustee | 1 | $0 |
Mary Paula Monteiro Vice President | OfficerTrustee | 1 | $0 |
Dawn Osterman Treasurer | OfficerTrustee | 1 | $0 |
Jean Stafford Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,156 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $808,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $845,873 |
| Total Program Service Revenue | $0 |
| Investment income | $2,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,050 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $835,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,513 |
| Grants and other assistance to domestic individuals. | $4,000 |
| 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 | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $705 |
| Advertising and promotion | $4,104 |
| Office expenses | $366 |
| 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 | $1,868 |
| All other expenses | $0 |
| Total functional expenses | $31,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,241,298 |
| Savings and temporary cash investments | $612,894 |
| Pledges and grants receivable | $9,638 |
| 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 | $0 |
| Investments—other securities | $350 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,864,180 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $530,724 |
| Net assets with donor restrictions | $1,333,456 |
| 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 | $1,864,180 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mille Lacs Area Health Foundation Inc has recieved totaling $5,650.
| Awarding Organization | Amount |
|---|---|
Garrison Commercial Club Inc Garrison, MN | | $5,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Randy Shaver Cancer Research And Community Fund Minnetonka, MN | $226,344 | $881,869 |
Bryon Riesch Paralysis Foundation Inc Waukesha, WI | $477,065 | $417,057 |
X Out Ald Inc Bloomington, MN | $33,348 | $215,010 |
Aiming For A Cure Foundation Iowa City, IA | $336,242 | $265,430 |
Mn Lions Childhood Cancer Foundation Inc Dassel, MN | $52,953 | $0 |
Als Fundraiser Roseau, MN | $161,573 | $0 |
Littlest Tumor Foundation Appleton, WI | $131,843 | $0 |
Hall Family Foundation Hudson, WI | $271,613 | $142,711 |
Arnold S Leonard Cancer Research Fund Golden Valley, MN | $113,721 | $140,894 |
Anns Hope Foundation Inc Hartland, WI | $13,799 | $0 |
Seth A Bailey Courage Group Iowa City, IA | $8,658 | $0 |
Feisty Fighters Inc Sioux Falls, SD | $219,719 | $0 |