Healthcare And Wellness Foundation
- Assets
- $1.3m
- Revenue
- $120.9k
- Investments
- $924.8k
- Employees
- 0
- Location
- Breckenridge, MN
- Founding
- 03/2005
- Data as of
- 06/2019
- EIN
- 76-0761782
Organization Overview
Healthcare And Wellness Foundation, operating under the name Chi St Francis Health Foundation, is located in Breckenridge, MN. The organization was established in 2005. 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. Chi St Francis Health 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 06/2019, Chi St Francis Health Foundation generated $120.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $68.4k during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE HEALTHCARE AND WELLNESS FOUNDATION IS A 501(C)(3) TAX EXEMPT CHARITABLE FOUNDATION ESTABLISHED TO PROMOTE THE FAITH BASED MINISTRY OF ST. FRANCIS HEALTHCARE CAMPUS AND THE COMMUNITY IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEALTHCARE AND WELLNESS FOUNDATION WAS INCORPORATED AS A 501(C)(3), TAX-EXEMPT CHARITABLE FOUNDATION IN 2004 TO SERVE AS THE OFFICIAL GIFT-RECEIVING AND GIFT-ADMINISTRATION AGENCY FOR ST. FRANCIS MEDICAL CENTER AND ITS SUBSIDIARIES, ALSO KNOWN AS CHI ST. FRANCIS HEALTH, IN BRECKENRIDGE, MINNESOTA. THE HEALTHCARE AND WELLNESS FOUNDATION WAS ESTABLISHED TO PROMOTE THE DEVELOPMENT OF NEW HEALTHCARE RELATED SERVICES AND PUBLIC INFORMATION TO INCREASE QUALITY OF LIFE THROUGH WELLNESS INITIATIVES THAT EMPHASIZE THE HEALTH OF BODY, MIND AND SPIRIT AND NURTURE HEALTHIER COMMUNITIES.THE HEALTHCARE AND WELLNESS FOUNDATION'S CURRENT 9-MEMBER BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR RAISE FUNDS THROUGH SPECIAL EVENTS, ANNUAL GIVING, MAJOR GIFTS, PLANNED GIVING, CORPORATE/FOUNDATION GRANTS AND CAPITAL CAMPAIGNS TO HELP FUND THE HEALTH CARE SERVICES AND COMMUNITY OUTREACH OFFERED BY ST. FRANCIS HEALTHCARE CAMPUS. IN FY21, THE HEALTHCARE AND WELLNESS FOUNDATION RECEIVED A CUMULATIVE TOTAL OF APPROXIMATELY $24,833 IN REVENUE THROUGH GIFTS AND PLEDGES AND $7,904 THROUGH IN-KIND DONATIONS. THE HEALTHCARE AND WELLNESS FOUNDATION GIFT PROCESSING EFFORTS FOR CHI HEALTH AT HOME HOSPICE. FUNDS ARE USED TO HELP DEFRAY THE NON-COVERED COSTS OF CARE FOR HOSPICE PATIENTS, AS WELL AS TO COVER BEREAVEMENT AND VOLUNTEER EXPENSES. THE HEALTHCARE AND WELLNESS FOUNDATION CONTINUES TO WORK TOWARDS ESTABLISHING ADEQUATE RESERVE ASSETS TO ENABLE FUNDING OF ITS OPERATIONS INTO THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Tschakert Board Chairman | OfficerTrustee | 1 | $0 |
David Nelson President/ceo | OfficerTrustee | 5 | $0 |
Trudi Smith Vice Chair | OfficerTrustee | 1 | $0 |
Mary Jacklitch Secretary/marketing Manager | Officer | 5 | $0 |
Julie Vreeland Foundation Director | Officer | 40 | $0 |
Joshua Senger VP Operational Finance/cfo/treasurer | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,223 |
| Investment income | $19,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,708 |
| Net Income from Fundraising Events | -$3,816 |
| Net Income from Gaming Activities | $1,061 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,921 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,556 |
| 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 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 | $682 |
| Advertising and promotion | $3,265 |
| Office expenses | $1,778 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $68,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $389,307 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $924,791 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,314,148 |
| Accounts payable and accrued expenses | $31,082 |
| Grants payable | $0 |
| Deferred revenue | $25,048 |
| 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 | $10,663 |
| Total liabilities | $66,793 |
| Net assets without donor restrictions | $755,921 |
| Net assets with donor restrictions | $339,091 |
| Capital stock or trust principal, or current funds | $152,343 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,247,355 |
Grants Awarded
Over the last fiscal year, Healthcare And Wellness Foundation has awarded $180,695 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Breckenridge, MN PURPOSE: PROGRAM SUPPORT | $164,689 |
Breckenridge, MN PURPOSE: PROGRAM SUPPORT | $14,627 |
Breckenridge, MN PURPOSE: COVID-19 SUPPORT | $1,379 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Healthcare And Wellness Foundation has recieved totaling $11,900.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: EQUIPMENT UPGRADE | $11,900 |
Endowment Analysis
| Beg. Balance | $395,235 |
| Net Contributions | $5,040 |
| Ending Balance | $400,275 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Foundation Of Des Moines Iowa Des Moines, IA | $72,079,814 | $11,993,555 |
Legacy Foundation Of Central Wisconsin Inc Wisconsin Rapids, WI | $142,600,446 | $4,980,958 |
Sanford Health Foundation North Sioux Falls, SD | $106,387,743 | $12,791,067 |
Marshfield Clinic Health System Foundation Inc Marshfield, WI | $149,772,122 | $21,068,703 |
Dakota Medical Foundation Fargo, ND | $43,203,440 | $5,722,440 |
Gillette Childrens Hospital Foundation St Paul, MN | $41,489,322 | $14,728,152 |
Lifescape Sioux Falls, SD | $318,250 | $4,148,590 |
Benedictine Foundation Minneapolis, MN | $15,163,836 | $4,052,107 |
Miller Dwan Foundation Duluth, MN | $37,367,884 | $5,122,936 |
St Josephs Hospital Foundation Dickinson, ND | $6,830,707 | $727,456 |
Carris Health Foundation Willmar, MN | $19,378,511 | $7,841,805 |
Generations Health Care Initiatives Inc Duluth, MN | $11,123,965 | $1,065,863 |