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Nonprofiteer
← ST LUKES FOUNDATION

Form 990 for tax year 2023

Filed by ST LUKES FOUNDATION.

Totals

Total revenue
$1,598,383
Total expenses
$1,289,575
Contributions and grants received
$1,394,382
Grants paid
$776,809
Program service revenue
$0
Investment income
$379,300
Other revenue
-$175,299
Total assets, end of year
$15,474,436
Total liabilities, end of year
$1,803,254
Net assets or fund balances, end of year
$13,671,182
Program services expenses (Part IX)
$942,436
Management and general expenses
$347,139
Fundraising expenses
$0
Program service expenses (Part III)
$942,436

Program services were 73.1% 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

    $431,862

  • 1f · All other contributions, gifts and grants

    $962,520

  • 1g · Noncash contributions included above

    $172,874

  • 3 · Investment income

    total $303,605 · excluded $303,605

  • 7a · Gross sales of assets other than inventory

    securities $272,595

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

    securities $196,900

  • 7c · Gain or loss

    securities $75,695

  • 7d · Net gain or loss

    total $75,695 · excluded $75,695

  • 8a · Fundraising events: gross income

    $9,287

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

    $431,862

  • 8b · Fundraising events: direct expenses

    $184,586

  • 8c · Net income from fundraising events

    total -$175,299 · excluded -$175,299

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $776,809 · program services $776,809

  • 5 · Compensation of officers, directors and key employees

    total $225,537 · management and general $225,537

  • 7 · Other salaries and wages

    total $134,145 · program services $134,145

  • 10 · Payroll taxes

    total $27,548 · program services $13,774 · management and general $13,774

  • 11c · Fees: accounting

    total $3,826 · management and general $3,826

  • 11f · Fees: investment management

    total $45,291 · management and general $45,291

  • 11g · Fees: other

    total $17,287 · program services $17,287

  • 13 · Office expenses

    total $4,214 · program services $421 · management and general $3,793

  • 16 · Occupancy

    total $12,732 · management and general $12,732

  • 17 · Travel

    total $1,297 · management and general $1,297

  • 19 · Conferences, conventions and meetings

    total $2,805 · management and general $2,805

  • 24a · Other expenses: DUES & SUBSCRIPTION

    total $20,906 · management and general $20,906

  • 24b · Other expenses: BAD DEBT

    total $9,373 · management and general $9,373

  • 24c · Other expenses: DONOR RECOGNITION

    total $7,805 · management and general $7,805

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $241,858 · end of year $2,004,099

  • 3 · Pledges and grants receivable

    beginning of year $179,555 · end of year $139,228

  • 4 · Accounts receivable

    beginning of year $2,978 · end of year $15,223

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,167 · end of year $4,167

  • 11 · Investments: publicly traded securities

    beginning of year $11,836,955 · end of year $13,311,719

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,128 · end of year $32,087

  • 18 · Grants payable

    beginning of year $90,526 · end of year $24,264

  • 19 · Deferred revenue

    beginning of year $0 · end of year $1,605,600

  • 25 · Other liabilities

    beginning of year $332,430 · end of year $141,303

  • 27 · Net assets without donor restrictions

    beginning of year $6,692,570 · end of year $7,460,530

  • 28 · Net assets with donor restrictions

    beginning of year $5,135,859 · end of year $6,210,652

Mission and programs · 2023

Mission

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

  • TO MAKE GRANTS TO ST. LUKE'S HOSPITAL OF DULUTH AND OTHER ORGANIZATIONS TO PURCHASE MEDICAL EQUIPMENT & SUPPLIES AND TO PROVIDE HEALTHY LIFESTYLE EDUCATION TO BOTH PUBLIC & HOSPITAL EMPLOYEES. DURING FISCAL YEAR 2023, ST. LUKE'S FOUNDATION PROVIDED $776,809 IN GRANTS TO ST. LUKE'S HOSPITAL OF DULUTH AND OTHER ORGANIZATIONS.

    Expenses $942,436 · Grants $776,809

As filed on the 2023 return.

Listed in Part VII

  • Eric Lohn

    CO-PRESIDENT/CEO & CFO

    Total calculated
    $1,105,181
    From this org
    $0
    From related orgs
    $1,026,111
    Other
    $79,070
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $885,321 related
    Bonus
    $0 + $139,548 related
    Other
    $0 + $1,242 related
    Deferred
    $0 + $51,757 related
    Nontaxable benefits
    $0 + $27,313 related
    Filer's total
    $0 + $1,105,181 related

  • Nicholas Van Deelen MD

    CO-PRESIDENT/CEO & CMO

    Total calculated
    $1,069,283
    From this org
    $0
    From related orgs
    $990,213
    Other
    $79,070
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $833,406 related
    Bonus
    $0 + $149,325 related
    Other
    $0 + $7,482 related
    Deferred
    $0 + $51,757 related
    Nontaxable benefits
    $0 + $27,313 related
    Filer's total
    $0 + $1,069,283 related

  • Dr Waldo Avello

    DIRECTOR

    Total calculated
    $292,447
    From this org
    $0
    From related orgs
    $280,952
    Other
    $11,495
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,239 related
    Bonus
    $0
    Other
    $0 + $3,713 related
    Deferred
    $0 + $8,150 related
    Nontaxable benefits
    $0 + $3,345 related
    Filer's total
    $0 + $292,447 related

  • Catherine Carter Huber

    EXECUTIVE DIRECTOR/CDO

    Total calculated
    $223,800
    From this org
    $216,198
    From related orgs
    $0
    Other
    $7,602
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,218
    Bonus
    $0
    Other
    $1,980
    Deferred
    $6,413
    Nontaxable benefits
    $1,189
    Filer's total
    $223,800

  • Jon Niemi

    DIRECTOR

    Total calculated
    $51,283
    From this org
    $0
    From related orgs
    $34,415
    Other
    $16,868
    Hours/week
    1 + 39 related

  • 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

  • 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

  • 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

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Karen Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roni Salo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carrie Scherer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Weisz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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 1A
THE FOUNDATION DIRECTOR HAS A MEMBERSHIP AT A SOCIAL CLUB FOR BUSINESS PURPOSES. THE SOCIAL CLUB ONLY ALLOWS MEMBERSHIP TO INDIVIDUALS, NOT TO ORGANIZATIONS. THE SOCIAL CLUB SENDS AN INVOICE TO ST. LUKE'S HOSPITAL OF DULUTH, ST. LUKE'S HOSPITAL OF DULUTH PAYS THE INVOICE VIA ACCOUNTS PAYABLE.
PART I, LINE 1B
THE CFO SOUGHT GUIDANCE FROM THE AUDITORS REGARDING THE COO HAVING A MEMBERSHIP AT A SOCIAL CLUB FOR BUSINESS PURPOSES. THE AUDITORS ASKED IF THERE WAS PERSONAL USE, ST. LUKE'S VERIFIED IT IS STRICTLY FOR BUSINESS PURPOSES, AND THE AUDITORS ADVISED TO DISCLOSE THE MEMBERSHIP ON THE 990.
PART I, LINE 4B
ST. LUKE'S HOSPITAL OF DULUTH MAINTAINS 457(F) NONQUALIFIED DEFERRED COMPENSATION PLANS FOR ELIGIBLE EMPLOYEES. IN 2023, CONTRIBUTIONS TO THE 457(F) PLANS WERE: ERIC LOHN - $43,607 NICHOLAS VAN DEELEN, MD - $43,607 IN 2023, DISTRIBUTIONS FROM THE 457(F) PLAN WERE: ERIC LOHN - $139,548 NICHOLAS VAN DEELEN, MD - $149,325

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
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202443129349301604

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