Medtronic Global Health Foundation
- Assets
- $29.9m
- Revenue
- $23.1m
- Investments
- $3.0m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/2016
- Data as of
- 04/2022
- EIN
- 81-2307516
Organization Overview
Medtronic Global Health Foundation is located in Minneapolis, MN. The organization was established in 2016. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medtronic Global 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 04/2022, Medtronic Global Health Foundation generated $23.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $348.1k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Medtronic Global Health Foundation has awarded 74 individual grants totaling $19,329,848. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruchika Singhal President, Vice Chair | 15 | $0 | |
Hal Beckham Treasurer (outgoing) | 5 | $0 | |
Torod Neptune Board Director | 0.2 | $0 | |
Giordana Belenchia Assistant Secretary | 2 | $0 | |
Liz Lund Assistant Secretary | 18 | $0 | |
Martha Ha Secretary | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Public Health Institute | 4/29/21 | $355,085 |
University Of Washington | 4/29/21 | $406,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,059,768 |
| Interest on Savings | $381,233 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$366,291 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,074,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,000 |
| Total operating and administrative expenses | $253,886 |
| Contributions, gifts, grants paid | $94,231 |
| Total expenses and disbursements | $348,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $539,529 |
| Savings and temporary cash investments | $12,599,086 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,700,000 |
| Total assets | $29,870,787 |
| Accounts payable and accrued expenses | $253,455 |
| Grants payable | $50,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $303,455 |
Grants Awarded
Over the last fiscal year, Medtronic Global Health Foundation has awarded $692,752 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Edina, MN PURPOSE: MF/CHL PARTNERSHIP | $500,000 |
NORTH STAR ALLIANCE EAST AFRICA PURPOSE: ROUND 2 FEASIBILITY GRANT | $148,521 |
New York, NY PURPOSE: THESE ADDITIONAL FUNDS WERE INTENDED TO SUPPORT BRAC'S ROUTINE CARE DELIVERY OF 584 PATIENTS OVER THE COURSE OF TWO MONTHS. BRAC IS TO EVALUATE PATIENT RETENTION AND CLINICAL IMPROVEMENTS OF 584 PATIENTS DIAGNOSED WITH HYPERTENSION, DIABETES, AND CO-MORBIDITIES. BRAC'S MODEL UTILIZES A COMMUNITY-DRIVEN APPROACH TO PROVIDING QUALITY AND COMPREHENSIVE NCD CARE IN HARD TO REACH AREAS WITH ALIGNS CLOSELY WITH MGHF VISION TO DESIGN AND SCALE HEALTHCARE DELIVERY MODELS THAT ADDRESS BARRIERS TO CARE ACROSS THE CARE CONTINIUM. | $44,231 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Medtronic Global Health Foundation has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
The Patrick J Mcgovern Foundation Inc Boston, MA PURPOSE: TO PROVIDE SUPPORT FOR PILOTING A DIGITALLY-ENABLED, COMMUNITY-BASED PLATFORM FOR MANAGING DIABETES AND HYPERTENSION IN RWANDA. | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Books For Africa Inc St Paul, MN | $13,734,656 | $31,917,470 |
Global Health Ministries Minneapolis, MN | $6,370,809 | $5,877,190 |
Common Hope Inc Saint Paul, MN | $9,018,791 | $5,078,357 |
New Vision Foundation St Paul, MN | $1,210,057 | $3,502,088 |
Outreach Inc Union, IA | $5,436,657 | $3,524,242 |
Andean Health And Development Inc Madison, WI | $1,250,881 | $2,191,153 |
Healing Haiti Scandia, MN | $4,534,064 | $2,435,837 |
Wellshare International Minneapolis, MN | $940,048 | $2,573,220 |
Global Volunteers St Paul, MN | $705,356 | $1,579,657 |
Friends Of Chimbote Fargo, ND | $1,065,723 | $1,925,086 |
Water For Life Kalona, IA | $4,945,451 | $1,516,514 |
Bountifield International Minneapolis, MN | $1,164,440 | $1,328,807 |