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Nonprofiteer
← MINNEAPOLIS HEART INSTITUTE FOUNDATION

Form 990 for tax year 2024

Filed by MINNEAPOLIS HEART INSTITUTE FOUNDATION.

Totals

Total revenue
$23,641,948
Total expenses
$19,464,471
Contributions and grants received
$16,210,682
Grants paid
$1,294,745
Program services expenses (Part IX)
$13,083,406
Management and general expenses
$3,925,668
Fundraising expenses
$2,455,397
Program service expenses (Part III)
$13,083,406

Program services were 67.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • THOMAS GUNDERSON

    CHAIR

    Total calculated
    $0
    Hours/week
    10

  • JEFFREY STEINLE

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • GREG GRAVES

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • CARMEN VOLKART

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • LORI MILBRANDT

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • BEN BACHE-WIIG MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MOSI BENNETT MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CONLEY BROOKS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHARON HAWKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • DAVID HURRELL MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM KATSIYIANNIS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM KING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • GINNY KIRBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • PATRICE KLOSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICHARD MEYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MARC NEWELL MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL PETERSON MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RETU SAXENA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT SHARKEY MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12

  • JAY TRAVERSE MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARIEL JOHNSON PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BOBBY STEFFEN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BREE WILLIAMSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRANCES HOFFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSH HOWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KEVIN HARRIS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • KRISTIN BOWLDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEVEN BRADLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • MICHAEL CUMMINGS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN MACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALLISON O'CONNOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TIM THORPE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DOMINICA TALLARICO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH SCHWARTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTINE FORTMAN

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $624,319
    From this org
    $460,662
    From related orgs
    $0
    Other
    $163,657
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $394,164
    Bonus
    $66,240
    Other
    $258
    Deferred
    $163,657
    Nontaxable benefits
    $0
    Filer's total
    $624,319

  • CHARLES ZAUGG

    CHIEF FINANCIAL OFFICER

    Total calculated
    $264,606
    From this org
    $206,389
    From related orgs
    $0
    Other
    $58,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,914
    Bonus
    $13,217
    Other
    $258
    Deferred
    $45,219
    Nontaxable benefits
    $12,998
    Filer's total
    $264,606

  • ROSS GARBERICH

    VICE PRESIDENT - SCIENTIFIC SERVICES

    Total calculated
    $273,763
    From this org
    $193,538
    From related orgs
    $0
    Other
    $80,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,019
    Bonus
    $12,459
    Other
    $60
    Deferred
    $66,687
    Nontaxable benefits
    $13,538
    Filer's total
    $273,763

  • LISA TINDELL

    VICE PRESIDENT - RESEARCH

    Total calculated
    $261,283
    From this org
    $203,501
    From related orgs
    $0
    Other
    $57,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,459
    Bonus
    $17,784
    Other
    $258
    Deferred
    $57,782
    Nontaxable benefits
    $0
    Filer's total
    $261,283

  • JESSE HICKS

    VICE PRESIDENT-ADVANCEMENT

    Total calculated
    $314,069
    From this org
    $237,718
    From related orgs
    $0
    Other
    $76,351
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,828
    Bonus
    $20,800
    Other
    $90
    Deferred
    $76,351
    Nontaxable benefits
    $0
    Filer's total
    $314,069

  • KRISTIN LAMBRECHT

    PROGRAM DIRECTOR - CIRC

    Total calculated
    $209,386
    From this org
    $164,541
    From related orgs
    $0
    Other
    $44,845
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,186
    Bonus
    $26,265
    Other
    $90
    Deferred
    $31,793
    Nontaxable benefits
    $13,052
    Filer's total
    $209,386

  • BAVANA RANGAN

    PROGRAM DIRECTOR - CCAD

    Total calculated
    $214,391
    From this org
    $183,887
    From related orgs
    $0
    Other
    $30,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,676
    Bonus
    $16,151
    Other
    $60
    Deferred
    $30,504
    Nontaxable benefits
    $0
    Filer's total
    $214,391

  • LARISSA STANBERRY

    DIRECTOR OF DATA SCIENCE

    Total calculated
    $216,972
    From this org
    $184,804
    From related orgs
    $0
    Other
    $32,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,018
    Bonus
    $11,648
    Other
    $138
    Deferred
    $31,197
    Nontaxable benefits
    $971
    Filer's total
    $216,972

  • CINDY RESMAN

    VICE PRESIDENT - MARKETING & COMMUNICATIONS

    Total calculated
    $275,815
    From this org
    $197,072
    From related orgs
    $0
    Other
    $78,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,034
    Bonus
    $11,900
    Other
    $138
    Deferred
    $43,069
    Nontaxable benefits
    $35,674
    Filer's total
    $275,815

  • NANCY WILSON

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $220,604
    From this org
    $165,227
    From related orgs
    $0
    Other
    $55,377
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,072
    Bonus
    $28,926
    Other
    $229
    Deferred
    $28,421
    Nontaxable benefits
    $26,956
    Filer's total
    $220,604

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 — 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
PARTICIPANTS IN A 457(F) PLAN INCLUDE THE FOLLOWING INDIVIDUALS: KRISTINE FORTMAN, CHARLES ZAUGG, TAMARA O'BLACK, JESSE HICKS, ROSS GARBERICH, LISA TINDELL, JANET DICK, CINDY RESMAN, AND KAREN PHANG. TOTAL AMOUNTS CONTRIBUTED TO THE PLAN IN 2024 WERE AS FOLLOWS: KRISTINE FORTMAN: $39,366 CHARLES ZAUGG: $9,818 JESSE HICKS: $10,816 ROSS GARBERICH: $9,256 LISA TINDELL: $9,248 KAREN PHANG: $18,200 CINDY RESMAN: $9,138 NO FUNDS WERE DISTRIBUTED FROM THE 457(F) PLAN IN 2024.

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

Provenance

Return type
form_990
Tax year
2024
Filed
6 October 2025
IRS schema version
2024v5.2
Source object
202512819349301321

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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