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Nonprofiteer
← HENNEPIN HEALTHCARE RESEARCH INSTITUTE

Form 990 for tax year 2022

Filed by HENNEPIN HEALTHCARE RESEARCH INSTITUTE.

Totals

Total revenue
$55,810,422
Total expenses
$49,868,509
Contributions and grants received
$54,473,378
Grants paid
$0
Program service revenue
$0
Investment income
$1,337,044
Other revenue
$0
Total assets, end of year
$64,633,780
Total liabilities, end of year
$11,571,060
Net assets or fund balances, end of year
$53,062,720
Program services expenses (Part IX)
$46,090,998
Management and general expenses
$3,777,511
Fundraising expenses
$0
Program service expenses (Part III)
$46,090,998

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.

  • 1d · Related organizations

    $2,297,125

  • 1e · Government grants (contributions)

    $34,906,278

  • 1f · All other contributions, gifts and grants

    $17,269,975

  • 3 · Investment income

    total $1,332,737 · excluded $1,332,737

  • 7a · Gross sales of assets other than inventory

    securities $1,500,000 · other assets $66,159

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

    securities $1,561,852 · other assets $0

  • 7c · Gain or loss

    securities -$61,852 · other assets $66,159

  • 7d · Net gain or loss

    total $4,307 · excluded $4,307

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $729,679 · program services $398,211 · management and general $331,468

  • 7 · Other salaries and wages

    total $16,097,682 · program services $14,281,527 · management and general $1,816,155

  • 8 · Pension plan contributions

    total $1,169,246 · program services $1,024,618 · management and general $144,628

  • 9 · Other employee benefits

    total $2,344,265 · program services $2,077,312 · management and general $266,953

  • 10 · Payroll taxes

    total $1,079,407 · program services $930,616 · management and general $148,791

  • 11b · Fees: legal

    total $33,380 · program services $29,423 · management and general $3,957

  • 11c · Fees: accounting

    total $48,708 · management and general $48,708

  • 11d · Fees: lobbying

    total $1,000 · program services $1,000

  • 11g · Fees: other

    total $23,671,090 · program services $23,495,263 · management and general $175,827

  • 13 · Office expenses

    total $1,918,629 · program services $1,702,298 · management and general $216,331

  • 14 · Information technology

    total $70,936 · management and general $70,936

  • 16 · Occupancy

    total $1,264,690 · program services $1,024,495 · management and general $240,195

  • 17 · Travel

    total $309,227 · program services $305,783 · management and general $3,444

  • 19 · Conferences, conventions and meetings

    total $20,827 · program services $20,827

  • 22 · Depreciation, depletion and amortization

    total $552,627 · program services $384,318 · management and general $168,309

  • 23 · Insurance

    total $89,419 · management and general $89,419

  • 24a · Other expenses: SUBJECT EXPENSES

    total $153,433 · program services $135,483 · management and general $17,950

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $128,420 · program services $113,647 · management and general $14,773

  • 24c · Other expenses: EMPLOYEE DEVELOPMENT AN

    total $75,328 · program services $69,289 · management and general $6,039

  • 24d · Other expenses: EMPLOYEE RELATIONS-MEET

    total $60,557 · program services $58,670 · management and general $1,887

  • 24e · All other expenses

    total $49,959 · program services $38,218 · management and general $11,741

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,199,638 · end of year $2,877,613

  • 2 · Savings and temporary cash investments

    beginning of year $71,740 · end of year $71,785

  • 3 · Pledges and grants receivable

    beginning of year $10,126,649 · end of year $16,393,330

  • 4 · Accounts receivable

    beginning of year $592,683 · end of year $1,015,929

  • 9 · Prepaid expenses and deferred charges

    beginning of year $256,301 · end of year $254,872

  • 10a · Land, buildings and equipment: cost or other basis

    $13,670,366

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,090,041

  • 10c · Land, buildings and equipment, net

    beginning of year $1,578,882 · end of year $1,580,325

  • 11 · Investments: publicly traded securities

    beginning of year $51,802,419 · end of year $42,439,926

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,641,751 · end of year $10,946,443

  • 19 · Deferred revenue

    beginning of year $736,284 · end of year $624,617

  • 27 · Net assets without donor restrictions

    beginning of year $27,562,701 · end of year $24,056,374

  • 28 · Net assets with donor restrictions

    beginning of year $28,687,576 · end of year $29,006,346

Mission and programs · 2022

Mission

IMPROVE PATIENT CARE AND THE HEALTH OF OUR COMMUNITY THROUGH RESEARCH AND EDUCATION.

  • CLINICAL RESEARCH AND EDUCATIONAL ACTIVITIES:HENNEPIN HEALTHCARE RESEARCH INSTITUTE (HHRI) INVESTIGATORS ARE PRACTICING PHYSICIANS, SCIENTISTS, AND OTHER MEDICAL PROFESSIONALS USING THEIR EXPERTISE TO PROGRESS MEDICAL KNOWLEDGE, REDUCE DISPARITIES AND ADVANCE HEALTH EQUITY, AND IMPROVE THE CARE PATIENTS RECEIVE. HHRI'S RESEARCH SUBJECTS ARE DIVERSE WITH A FOCUS ON FOUR AREAS: ACUTE CARE/TRAUMA, ADDICTION, HEALTH SERVICES, AND INFECTIOUS DISEASES. PARTICIPANTS IN HHRI CLINICAL RESEARCH STUDIES (INCLUDING TRAUMATIC BRAIN INJURY, SUBSTANCE USE DISORDERS, DEMENTIA, COVID-19, AND HIV/AIDS) HAVE ACCESS TO SOME OF THE LATEST MEDICAL TREATMENTS AVAILABLE TODAY. IN ADDITION TO PURSUING INNOVATIVE NEW THERAPIES, OUR INVESTIGATORS ARE TRAINING THE NEXT GENERATION OF SCIENTISTS AND MEDICAL PROFESSIONALS, INSPIRING THEM TO CARRY OUT HHRI'S MISSION OF IMPROVING PATIENT CARE AND THE HEALTH OF OUR COMMUNITY THROUGH RESEARCH AND EDUCATION. OUR INVESTIGATORS ALSO PUBLISH REGULARLY IN PEER-REVIEWED JOURNALS. SEE SCHEDULE O - GENERAL STATEMENT.

    Expenses $40,333,913

  • PRE-CLINICAL AND LABORATORY RESEARCH:IN THE HHRI LABS, WE STUDY THE CAUSES AND TREATMENTS OF DISEASE. OUR RESEARCH SUBJECTS ARE DIVERSE WITH A FOCUS ON FOUR AREAS: ACUTE CARE/TRAUMA, ADDICTION, HEALTH SERVICES, AND INFECTIOUS DISEASES. AT HHRI, WE DEVELOP INNOVATIVE NEW TREATMENTS TO SOLVE SOME OF OUR COMMUNITY'S MOST-CHALLENGING HEALTH PROBLEMS. RESEARCHERS IN OUR LABS ARE MDS, MD/PHDS, PHDS, PHARMDS, AND OTHER MEDICAL AND SCIENCE PROFESSIONALS WORKING TO REDUCE DISPARITIES AND ADVANCE HEALTH EQUITY, AND IMPROVE THE CARE PATIENTS RECEIVE. OUR INVESTIGATORS ALSO PUBLISH REGULARLY IN PEER-REVIEWED JOURNALS. SEE SCHEDULE O - GENERAL STATEMENT.

    Expenses $5,757,085

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

Listed in Part VII

  • Derrick Hollings CPA Inactive

    DIRECTOR/HHS - CFO

    Total calculated
    $722,844
    From this org
    $0
    From related orgs
    $666,721
    Other
    $56,123
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $662,112 related
    Bonus
    $0
    Other
    $0 + $4,609 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $25,623 related
    Filer's total
    $0 + $722,844 related

  • Daniel Hoody MD

    DIRECTOR/HHS - CHIEF MEDICAL OFFICER

    Total calculated
    $660,355
    From this org
    $0
    From related orgs
    $618,033
    Other
    $42,322
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $616,655 related
    Bonus
    $0
    Other
    $0 + $1,378 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $11,822 related
    Filer's total
    $0 + $660,355 related

  • Michael Puskarich MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $546,037
    From this org
    $0
    From related orgs
    $493,574
    Other
    $52,463
    Hours/week
    19.7 + 20.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $491,828 related
    Bonus
    $0
    Other
    $0 + $1,746 related
    Deferred
    $0 + $26,840 related
    Nontaxable benefits
    $0 + $25,623 related
    Filer's total
    $0 + $546,037 related

  • James R Miner MD

    DIRECTOR/PHYSICIAN (UNTIL 03/31/22)

    Total calculated
    $517,546
    From this org
    $0
    From related orgs
    $465,088
    Other
    $52,458
    Hours/week
    3.5 + 26.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,626 related
    Bonus
    $0
    Other
    $0 + $2,462 related
    Deferred
    $0 + $26,840 related
    Nontaxable benefits
    $0 + $25,618 related
    Filer's total
    $0 + $517,546 related

  • Ajay Israni MD Ms

    PRESIDENT/INVESTIGATOR

    Total calculated
    $408,640
    From this org
    $0
    From related orgs
    $356,661
    Other
    $51,979
    Hours/week
    37 + 3 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,796 related
    Bonus
    $0
    Other
    $0 + $865 related
    Deferred
    $0 + $26,840 related
    Nontaxable benefits
    $0 + $25,139 related
    Filer's total
    $0 + $408,640 related

  • Theresa Pesch RN

    HHF - PRESIDENT/HHS - VP PHILANTHROPY

    Total calculated
    $403,834
    From this org
    $0
    From related orgs
    $348,360
    Other
    $55,474
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,739 related
    Bonus
    $0 + $41,829 related
    Other
    $0 + $792 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $24,974 related
    Filer's total
    $0 + $403,834 related

  • David Gilbertson

    PROGRAM CO-DIRECTOR

    Total calculated
    $292,409
    From this org
    $238,576
    From related orgs
    $0
    Other
    $53,833
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,784
    Bonus
    $0
    Other
    $792
    Deferred
    $28,302
    Nontaxable benefits
    $25,531
    Filer's total
    $292,409

  • Anne Murray MD Ms

    SECRETARY/TREASURER/INVESTIGATOR (UNTIL 6/30/22)

    Total calculated
    $270,565
    From this org
    $0
    From related orgs
    $230,837
    Other
    $39,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $229,313 related
    Bonus
    $0
    Other
    $0 + $1,524 related
    Deferred
    $0 + $21,068 related
    Nontaxable benefits
    $0 + $18,660 related
    Filer's total
    $0 + $270,565 related

  • Jiannong Liu

    DIRECTOR, ANALYTICS

    Total calculated
    $240,730
    From this org
    $196,642
    From related orgs
    $0
    Other
    $44,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,126
    Bonus
    $0
    Other
    $516
    Deferred
    $21,797
    Nontaxable benefits
    $22,291
    Filer's total
    $240,730

  • Jon Snyder MD

    DIRECTOR, TRANSPLANT EPIDEMIOLOGY

    Total calculated
    $237,182
    From this org
    $194,715
    From related orgs
    $0
    Other
    $42,467
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,439
    Bonus
    $0
    Other
    $276
    Deferred
    $22,260
    Nontaxable benefits
    $20,207
    Filer's total
    $237,182

  • Mark Willmert

    HHF/HHRI- VP OF FINANCE

    Total calculated
    $215,311
    From this org
    $174,420
    From related orgs
    $0
    Other
    $40,891
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,240
    Bonus
    $0
    Other
    $180
    Deferred
    $19,633
    Nontaxable benefits
    $21,258
    Filer's total
    $215,311

  • Rachel Nygaard

    DIRECTOR, SURGERY RESEARCH

    Total calculated
    $217,235
    From this org
    $173,619
    From related orgs
    $0
    Other
    $43,616
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,499
    Bonus
    $0
    Other
    $120
    Deferred
    $19,314
    Nontaxable benefits
    $24,302
    Filer's total
    $217,235

  • Kim Miller

    VP OF OPERATIONS & CHIEF OPERATING OFFICER

    Total calculated
    $208,504
    From this org
    $168,914
    From related orgs
    $0
    Other
    $39,590
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,638
    Bonus
    $0
    Other
    $276
    Deferred
    $18,574
    Nontaxable benefits
    $21,016
    Filer's total
    $208,504

  • Shuling Li

    EPIDEMIOLOGIST & BIOSTATISTICIAN

    Total calculated
    $197,030
    From this org
    $160,274
    From related orgs
    $0
    Other
    $36,756
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,758
    Bonus
    $0
    Other
    $516
    Deferred
    $17,089
    Nontaxable benefits
    $19,667
    Filer's total
    $197,030

  • Mark Lesage PhD

    DIRECTOR/INVESTIGATOR

    Total calculated
    $185,649
    From this org
    $150,356
    From related orgs
    $0
    Other
    $35,293
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,840
    Bonus
    $0
    Other
    $516
    Deferred
    $15,688
    Nontaxable benefits
    $19,605
    Filer's total
    $185,649

  • Warren McKinney PhD

    DIRECTOR/VP OF EQUITY IN RESEARCH/INVESTIGATOR

    Total calculated
    $96,668
    From this org
    $79,360
    From related orgs
    $0
    Other
    $17,308
    Hours/week
    40

  • Connie Delaney PhD RN Faan Facmi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Dean Rustad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Simon Shannon MBA PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Prat Verma MBA Ms

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Serafin Samson MBA Ms

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.4

  • Miaja Cassidy JD Chc Ccep

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Richard King MD PhD

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Jason Baker MD

    FORMER VICE PRESIDENT/INVESTIGATOR

    Total calculated
    $339,444
    From this org
    $0
    From related orgs
    $286,361
    Other
    $53,083
    Hours/week
    28.7 + 11.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,181 related
    Bonus
    $0
    Other
    $0 + $180 related
    Deferred
    $0 + $25,560 related
    Nontaxable benefits
    $0 + $27,523 related
    Filer's total
    $0 + $339,444 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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 3
THE PRESIDENT WAS PAID BY A RELATED ORGANIZATION, HENNEPIN HEALTHCARE SYSTEM, INC. (HHS). HHS IS A PUBLIC CORPORATION AND SUBSIDIARY OF HENNEPIN COUNTY, MINNESOTA. HHS UTILIZES A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE TO DETERMINE SUCH COMPENSATION.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
19 September 2023
IRS schema version
2022v5.0
Source object
202332629349301503

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