Albert Lea Healthcare Coalition
- Assets
- $5.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Albert Lea, MN
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 84-2947813
Organization Overview
Albert Lea Healthcare Coalition is located in Albert Lea, MN. The organization was established in 2019. According to its NTEE Classification (E01) the organization is classified as: Alliances & Advocacy, 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. Albert Lea Healthcare Coalition 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 12/2021, Albert Lea Healthcare Coalition generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 51.3% each year . All expenses for the organization totaled $288.7k during the year ending 12/2021. 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
PROMOTE THE DEVELOPMENT OF AND IMPROVING ACCESS TO HEALTH CARE SERVICES TO BENEFIT THE COMMUNITY AND ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING ITS INITAL YEAR, THE HEALTH CARE COALITION SUCCESSFULLY COMPLETED A MAJOR MAIL CAMPAIGN TO RAISE FUNDS THAT WILL BE USED TO SUPPORT A FIVE PHASE PROJECT WHICH WILL BRING BACK HEALTH CARE SERVICES TO THE LOCAL COMMUNITY. IN 2021, THE COALITION COMPLETED PHASE ONE OF THE PROJECT. A LOCAL CLINIC IS NOW OFFERING SERIVCES IN THE BUILDING AND PLAN TO ADD ADDITIONAL SERVICES OVER THE NEXT FEW YEARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Arends President | Officer | 2 | $0 |
Andrea Jensen Secretary | Officer | 2 | $0 |
Steve Tufte Treasurer | Officer | 2 | $0 |
Jill Morstad Board Member | Trustee | 1 | $0 |
Charles Newell Board Member | Trustee | 1 | $0 |
Dr William Buege Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,537,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,537,180 |
| Total Program Service Revenue | $0 |
| Investment income | $1,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,673 |
| 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 | $640 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,542,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $26,514 |
| Fees for services: Accounting | $1,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,945 |
| Office expenses | $834 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,591 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,344 |
| Interest | $16,788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,803 |
| Insurance | $16,671 |
| All other expenses | $4,658 |
| Total functional expenses | $288,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,746 |
| Savings and temporary cash investments | $387,188 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $863 |
| 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 | $14,379 |
| Net Land, buildings, and equipment | $4,640,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,430 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,134,250 |
| Accounts payable and accrued expenses | $8,233 |
| 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 | $1,176,377 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,184,610 |
| Net assets without donor restrictions | $0 |
| 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 | $3,949,640 |
| Total liabilities and net assets/fund balances | $5,134,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Albert Lea Healthcare Coalition has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Albert B Cuppage Charitable Foundation Albert Lea, MN PURPOSE: FOR THE BETTERMENTOF THE COMMUNITY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Medical Alley Association Golden Valley, MN | $3,001,630 | $3,073,368 |
Together Wisconsin Acts Inc Milwaukee, WI | $1,041,867 | $3,266,313 |
Planned Parenthood Advocates Of Wisconsin Inc Milwaukee, WI | $376,256 | $1,806,402 |
Buyers Health Care Action Group Bloomington, MN | $185,937 | $591,575 |
React 19 Inc Mequon, WI | $142,761 | $694,051 |
Family Voices Of North Dakota Inc Edgeley, ND | $337,362 | $465,326 |
Donate Life Wisconsin Inc Madison, WI | $939,394 | $507,129 |
Albert Lea Healthcare Coalition Albert Lea, MN | $5,134,250 | $1,542,791 |
Minnesota Association Of Nurse Anesthetists Minneapolis, MN | $2,312,219 | $477,138 |
North Central Employers Healthcare Alliance Wausau, WI | $30,534 | $0 |
Duluth Aging Support Duluth, MN | $77,277 | $0 |
Newborn Foundation Saint Paul, MN | $56,824 | $69,442 |