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← ST LUKES FOUNDATION

Form 990 for tax year 2024

Filed by ST LUKES FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 12 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,033,661 changed to $2,273,026
Total expenses
$666,162 changed to $2,025,079
Contributions and grants received
$711,506 changed to $1,692,086
Grants paid
$357,739 changed to $1,384,327
Investment income
$322,155 changed to $758,338
Other revenue
$0 changed to -$177,398
Total assets, end of year
$16,474,374 changed to $18,199,938
Total liabilities, end of year
$1,784,226 changed to $2,885,602
Net assets or fund balances, end of year
$14,690,148 changed to $15,314,336
Program services expenses
$357,739 changed to $1,871,067
Management and general expenses
$308,423 changed to $154,012
Program service expenses (Part III)
$357,739 changed to $1,871,067

Listed only on the earlier return

  • Jeffrey Jones

Listed under a different title

  • Dr Waldo Avello: DIRECTOR then DIRECTOR/PHYSICIAN
  • Eric Lohn: CO-PRESIDENT/CEO & CFO then CO-PRES./CEO & CFO (THRU 09/24)
  • Jerry M Yang: SVP - CHIEF FINANCIAL OFFICER then SVP-CHIEF FINANCIAL OFFICER
  • Jon Niemi: DIRECTOR then DIRECTOR/PHYSICIAN
  • Pakou Ly: DIRECTOR (THRU JUNE 2024) then DIRECTOR (THRU 01/25)
  • Roni Salo: DIRECTOR then DIRECTOR (THRU 01/25)

Totals

Total revenue
$2,273,026
Total expenses
$2,025,079
Contributions and grants received
$1,692,086
Grants paid
$1,384,327
Program service revenue
$0
Investment income
$758,338
Other revenue
-$177,398
Total assets, end of year
$18,199,938
Total liabilities, end of year
$2,885,602
Net assets or fund balances, end of year
$15,314,336
Program services expenses (Part IX)
$1,871,067
Management and general expenses
$154,012
Fundraising expenses
$0
Program service expenses (Part III)
$1,871,067

Program services were 92.4% 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.

  • 1c · Fundraising events

    $255,285

  • 1f · All other contributions, gifts and grants

    $1,436,801

  • 1g · Noncash contributions included above

    $260,115

  • 3 · Investment income

    total $643,208 · excluded $643,208

  • 7a · Gross sales of assets other than inventory

    securities $115,130

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $115,130

  • 7d · Net gain or loss

    total $115,130 · excluded $115,130

  • 8a · Fundraising events: gross income

    $40,024

  • 8a · Fundraising events: contributions included on line 1c

    $255,285

  • 8b · Fundraising events: direct expenses

    $217,422

  • 8c · Net income from fundraising events

    total -$177,398 · excluded -$177,398

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,384,327 · program services $1,384,327

  • 7 · Other salaries and wages

    total $440,387 · program services $440,387

  • 10 · Payroll taxes

    total $30,336 · program services $30,336

  • 11c · Fees: accounting

    total $2,917 · program services $275 · management and general $2,642

  • 11g · Fees: other

    total $52,176 · program services $4,915 · management and general $47,261

  • 12 · Advertising and promotion

    total $1,310 · program services $123 · management and general $1,187

  • 13 · Office expenses

    total $4,864 · program services $458 · management and general $4,406

  • 16 · Occupancy

    total $33,432 · program services $3,149 · management and general $30,283

  • 17 · Travel

    total $3,148 · program services $297 · management and general $2,851

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $44,910 · program services $4,231 · management and general $40,679

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $13,422 · program services $1,264 · management and general $12,158

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,796 · program services $640 · management and general $6,156

  • 24d · Other expenses: MEDICAL SUPPLIES

    total $296 · program services $28 · management and general $268

  • 24e · All other expenses

    total $6,758 · program services $637 · management and general $6,121

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $360,752 · end of year $905,652

  • 3 · Pledges and grants receivable

    beginning of year $219,960 · end of year $278,197

  • 4 · Accounts receivable

    beginning of year $22,169 · end of year $6,021

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,917 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $15,868,576 · end of year $16,940,840

  • 15 · Other assets

    beginning of year $0 · end of year $69,228

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,491 · end of year $20,412

  • 18 · Grants payable

    beginning of year $214,006 · end of year $22,455

  • 19 · Deferred revenue

    beginning of year $1,464,000 · end of year $1,765,700

  • 25 · Other liabilities

    beginning of year $83,729 · end of year $1,077,035

  • 27 · Net assets without donor restrictions

    beginning of year $7,981,943 · end of year $7,969,558

  • 28 · Net assets with donor restrictions

    beginning of year $6,708,205 · end of year $7,344,778

Mission and programs · 2024

Mission

ST. LUKE'S FOUNDATION PROVIDES FINANCIAL SUPPORT TO ASPIRUS ST. LUKE'S HOSPITAL OF DULUTH AND THE REGION IT SERVES TO ADVANCE PATIENT CARE, HEALTH EDUCATION, AND CLINICAL RESEARCH.

Activities or mission (Part I)

ST. LUKE'S FOUNDATION PROVIDES FINANCIAL SUPPORT TO ASPIRUS ST. LUKE'S HOSPITAL OF DULUTH AND THE REGION.

  • TO MAKE GRANTS TO ASPIRUS ST. LUKE'S HOSPITAL OF DULUTH AND OTHER ORGANIZATIONS TO PURCHASE MEDICAL EQUIPMENT AND SUPPLIES, AND TO PROVIDE HEALTHY LIFESTYLE EDUCATION TO BOTH THE PUBLIC AND HOSPITAL EMPLOYEES. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, ASPIRUS ST. LUKE'S FOUNDATION PROVIDED $1,384,327 IN GRANTS TO ST. LUKE'S HOSPITAL OF DULUTH AND OTHER ORGANIZATIONS.

    Expenses $1,871,067 · Grants $1,384,327

As filed on the 2024 return.

Listed in Part VII

  • Jc Welles

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Carmen Wendland

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steven Dastoor

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kerstyn Hendricks

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Scott Lyons

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Wendy Althoen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Waldo Avello

    DIRECTOR/PHYSICIAN

    Total calculated
    $294,893
    From this org
    $0
    From related orgs
    $292,760
    Other
    $2,133
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,760 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,133 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $294,893 related

  • Judy Harvey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Jacobson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Lawien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pakou Ly

    DIRECTOR (THRU 01/25)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jon Niemi

    DIRECTOR/PHYSICIAN

    Total calculated
    $38,257
    From this org
    $0
    From related orgs
    $31,835
    Other
    $6,422
    Hours/week
    1 + 39 related

  • Karen Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roni Salo

    DIRECTOR (THRU 01/25)

    Total calculated
    $0
    Hours/week
    1

  • Carrie Scherer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Weisz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Heywood

    PRESIDENT & CEO ASPIRUS

    Total calculated
    $4,230,174
    From this org
    $0
    From related orgs
    $3,868,734
    Other
    $361,440
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,523,574 related
    Bonus
    $0 + $2,122,736 related
    Other
    $0 + $222,424 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $351,090 related
    Filer's total
    $0 + $4,230,174 related

  • Jerry M Yang

    SVP-CHIEF FINANCIAL OFFICER

    Total calculated
    $815,634
    From this org
    $0
    From related orgs
    $677,240
    Other
    $138,394
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $616,776 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $35,464 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $128,044 related
    Filer's total
    $0 + $815,634 related

  • Eric Lohn

    CO-PRES./CEO & CFO (THRU 09/24)

    Total calculated
    $1,331,301
    From this org
    $0
    From related orgs
    $1,107,267
    Other
    $224,034
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,107,267 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,097 related
    Nontaxable benefits
    $0 + $216,937 related
    Filer's total
    $0 + $1,331,301 related

  • Nicholas Van Deelen MD

    CO-PRESIDENT/CEO & CMO

    Total calculated
    $1,169,080
    From this org
    $0
    From related orgs
    $971,679
    Other
    $197,401
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $971,679 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,375 related
    Nontaxable benefits
    $0 + $189,026 related
    Filer's total
    $0 + $1,169,080 related

  • Catherine Carter Huber

    EXECUTIVE DIRECTOR/CDO

    Total calculated
    $217,071
    From this org
    $0
    From related orgs
    $211,533
    Other
    $5,538
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,533 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,885 related
    Nontaxable benefits
    $0 + $653 related
    Filer's total
    $0 + $217,071 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
FOR THE PURPOSES OF DETERMINING COMPENSATION, ASPIRUS ST. LUKE'S FOUNDATION RELIED ON RELATED ORGANIZATIONS TO ESTABLISH THE COMPENSATION OF THE CEO, OTHER OFFICERS, AND KEY EMPLOYEES. THE RELATED ORGANIZATIONS USED THE FOLLOWING PRACTICES FOR ESTABLISHING COMPENSATION FOR SUCH INDIVIDUALS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINES 4A-B
SCHEDULE J, PART I, LINE 4A - SEVERANCE PAYMENTS: E. LOHN $217,454 SCHEDULE J, PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT 457(F) DISTRIBUTION: M. HEYWOOD $198,152 457(F) RETIREMENT PLAN PROFILE: KEY EMPLOYEES OF THE ORGANIZATION OR A PARTICIPATING AFFILIATE ARE ELIGIBLE TO PARTICIPATE IN THE PLAN. THE PLAN YEAR IS JANUARY 1 TO DECEMBER 31ST. EMPLOYER CONTRIBUTIONS: THE CONTRIBUTION MADE BY THE EMPLOYER IS A THREE-TIERED STRUCTURE DEPENDING UPON THE EXECUTIVE'S POSITION, WHICH ARE AS FOLLOWS: 13% FOR SENIOR VICE PRESIDENT OR PRESIDENT, 15% FOR SVP & CHIEF FINANCIAL OFFICER, AND 20% FOR THE PRESIDENT & CHIEF EXECUTIVE OFFICER. IF A PARTICIPANT TERMINATES DURING THE YEAR, THE PARTICIPANT'S EXECUTIVE ALLOWANCE IS PRORATED BASED ON THE NUMBER OF FULL CALENDAR MONTHS FROM THE BEGINNING OF THE PLAN YEAR TO THE BEGINNING OF THE CALENDAR YEAR MONTH CLOSEST TO THE CHANGE OR TERMINATION OF EMPLOYMENT. DISTRIBUTIONS: CONTINUATION OF EMPLOYMENT THROUGH THE DEFERRED VESTING DATE; THE DATE ON WHICH THE PARTICIPANT'S EMPLOYMENT IS TERMINATED AS A RESULT OF DEATH OR DISABILITY; 24 MONTHS FROM THE DATE ON WHICH THE PARTICIPANT INCURS AN INVOLUNTARY SEPARATION FROM SERVICE WITHOUT REASONABLE CAUSE OR THE DATE THAT IS 24 MONTHS FOLLOWING THE PARTICIPANT'S SEPARATION FROM SERVICE, BUT ONLY IF THE PARTICIPANT'S INTEREST HAS NOT BEEN FORFEITED FOR COMPETITION DURING SUCH 24 MONTH PERIOD AND THE PARTICIPANT HAS NOT ENGAGED IN COMPETITION AFTER HIS OR HER SEPARATION FROM SERVICE AND PRIOR TO HIS OR HER DEATH, THE PARTICIPANT SHALL BE VESTED AT HIS OR HER DATE OF DEATH.
PART I, LINE 7
SHORT-TERM AND LONG-TERM INCENTIVE BONUSES ARE CALCULATED USING AN OBJECTIVE FORMULA THAT INCLUDES FISCAL YEAR MEASURES APPROVED BY THE BOARD IN AREAS OF CLINICAL QUALITY AND SERVICE, EMPLOYEE SATISFACTION, AND FINANCIAL PERFORMANCE. IN ADDITION, TARGETED RETENTION BONUSES MAY BE IMPLEMENTED TO ENSURE KEY TALENT REMAINS IN PLACE TO MEET STRATEGIC DEMANDS. ALL INCENTIVE PAYMENTS ARE EXAMINED FOR REASONABLENESS AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD FOR DISQUALIFIED PERSONS OR THROUGH EXECUTIVE MANAGEMENT AND ASPIRUS' HUMAN RESOURCE FUNCTION (FOR NON-DISQUALIFIED PERSONS).

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

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NORTHERN LAKES SURGERY CENTER LLC

    SURGICAL SERVICES · MN

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202601349349304340

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