Form 990 for tax year 2022
Filed by MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION.
Totals
- Total revenue
- $158,383
- Total expenses
- $9,760
- Contributions and grants received
- $125,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $33,383
- Other revenue
- $0
- Total assets, end of year
- $2,764,800
- Total liabilities, end of year
- $7,260
- Net assets or fund balances, end of year
- $2,757,540
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $9,760
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$125,000
-
3 · Investment income
total $33,383 · excluded $33,383
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $4,586 · management and general $4,586
-
11c · Fees: accounting
total $1,449 · management and general $1,449
-
11f · Fees: investment management
total $3,725 · management and general $3,725
Balance sheet
Part X, book values.
-
11 · Investments: publicly traded securities
beginning of year $2,635,000 · end of year $2,764,800
-
17 · Accounts payable and accrued expenses
beginning of year $1,225 · end of year $7,260
-
27 · Net assets without donor restrictions
beginning of year $2,633,775 · end of year $2,757,540
Mission and programs · 2022
Mission
THE MINNESOTA HOSPITAL FOUNDATION WORKS ON STRATEGIES THAT INCLUDE DATA-LED QUALITY AND SAFETY IMPROVEMENT, EDUCATION, RESEARCH, TRAINING AND LEADERSHIP TO IMPROVE THE HEALTH OF MINNESOTANS.
Activities or mission (Part I)
ADVANCE INDIVIDUAL & COMMUNITY THROUGH LEADERSHIP, ADVOCACY, AND COLLABORATION
-
THE MINNESOTA HOSPITAL FOUNDATION CONTINUES TO EXIST TO IMPLEMENT RESEARCH AND ANALYSIS OPPORTUNITIES THAT WOULD IMPROVE HEALTH CARE BY MAKING IT MORE AFFORDABLE, INCREASING ITS ACCESSIBILITY TO THE PEOPLE OF MINNESOTA, OR IMPROVING THE QUALITY OF PATIENT CARE.
As filed on the 2022 return.
Listed in Part VII
-
Rahul KoranneRAHUL KORANNE
PRESIDENT/CEO
- Total calculated
- $996,728
- From this org
- $0
- From related orgs
- $892,420
- Other
- $104,308
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $521,077 related
- Bonus
- $0 + $145,200 related
- Other
- $0 + $226,143 related
- Deferred
- $0 + $89,844 related
- Nontaxable benefits
- $0 + $14,464 related
- Filer's total
- $0 + $996,728 related
-
Steven UnderdahlSTEVEN UNDERDAHL
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.7 related
-
James HerefordJAMES HEREFORD
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 0.5 + 0.7 related
-
Rachelle SchultzRACHELLE SCHULTZ
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Dan OlsonDAN OLSON
EX-OFFICIO DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
David HermanDAVID HERMAN
STANDING DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.7 + 0.5 related
-
Sara CrigerSARA CRIGER
STANDING DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.7 related
-
Kevin CrostonKEVIN CROSTON
STANDING DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Greg RubergGREG RUBERG
REGIONAL DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Deborah KiersteadDEBORAH KIERSTEAD
CHEIF FINANCIAL OFFICER
- Total calculated
- $206,515
- From this org
- $0
- From related orgs
- $164,870
- Other
- $41,645
- Hours/week
- 0 + 22.64 related
Schedule J breakdown matched by us
- Base
- $0 + $149,670 related
- Bonus
- $0 + $15,200 related
- Other
- $0
- Deferred
- $0 + $22,574 related
- Nontaxable benefits
- $0 + $19,071 related
- Filer's total
- $0 + $206,515 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
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MINNESOTA HOSPITAL ASSOCIATION
501(C)(6) · ADVANCE INDIVIDUAL & COMMUNITY HEALTH THROUGH LEADERSHIP, ADVOCACY, & COLLAB · MN
Directly controlled by MINNESOTA HOSPITAL ASSOCIATION
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MINNESOTA HOSPITAL POLITICAL ACTION COMMITTEE
527 · POLITICAL ACTION COMMITTEE · MN · controlled entity
Directly controlled by MINNESOTA HOSPITAL ASSOCIATION
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
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MINNESOTA HOSPITAL ASSOCIATION SERVICE CORPORATION
C · GROUP PURCHASING · MN · controlled entity
-
MCCA
C · ADMINISTRATIVE SERVICES · MN
Directly controlled by MINNESOTA HOSPITAL ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333179349304238
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