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Nonprofiteer
← NAEVE HEALTH CARE FOUNDATION

Form 990 for tax year 2022

Filed by NAEVE HEALTH CARE FOUNDATION.

Totals

Total revenue
$138,101
Total expenses
$277,267
Contributions and grants received
$26,357
Grants paid
$235,459
Program service revenue
$0
Investment income
$111,744
Other revenue
$0
Total assets, end of year
$4,688,945
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,688,945
Program services expenses (Part IX)
$235,459
Management and general expenses
$41,808
Fundraising expenses
$0
Program service expenses (Part III)
$235,459

Program services were 84.9% 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.

  • 1f · All other contributions, gifts and grants

    $26,357

  • 3 · Investment income

    total $99,549 · excluded $99,549

  • 7a · Gross sales of assets other than inventory

    securities $873,592

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

    securities $861,397

  • 7c · Gain or loss

    securities $12,195

  • 7d · Net gain or loss

    total $12,195 · excluded $12,195

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $235,459 · program services $235,459

  • 11f · Fees: investment management

    total $41,808 · management and general $41,808

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $18,668 · end of year $45,036

  • 12 · Investments: other securities

    beginning of year $5,931,050 · end of year $4,634,271

  • 15 · Other assets

    beginning of year $10,235 · end of year $9,638

  • 18 · Grants payable

    beginning of year $227,523

  • 27 · Net assets without donor restrictions

    beginning of year $5,098,784 · end of year $4,141,001

  • 28 · Net assets with donor restrictions

    beginning of year $633,646 · end of year $547,944

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

RAISING PHILANTHROPIC DOLLARS FOR HIGH QUALITY COST EFFECTIVE HEALTHCARE AT MCHS IN ALBERT LEA.

  • NAEVE HEALTH CARE FOUNDATION'S GIFT WAS DIRECTED TOWARDS PROJECTS WITHIN MAYO CLINIC HEALTH SYSTEM IN ALBERT LEA.

    Expenses $235,459 · Grants $235,459

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Kolker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    12

  • Diane Clark

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Shannon Steensma

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Karen Conn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • Diane Damerow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • Corrine Tims

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • Virginia Larson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • Bway Shee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • Dr Vijay Venugopal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • Diane Wichmann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • Gary Schindler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6

  • Dr Sumit Bhagra

    EX-OFFICIO OFFICER

    Total calculated
    $0
    Hours/week
    12

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.

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.

  • MAYO CLINIC

    501(C)(3) · PATIENT CARE, RESEARCH, AND EDUCATION · MN

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202333139349305058

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