Form 990 for tax year 2024
Filed by RIVERVIEW HEALTHCARE FOUNDATION INC.
Totals
- Total revenue
- $345,134
- Total expenses
- $206,543
- Contributions and grants received
- $267,137
- Grants paid
- $68,107
- Program service revenue
- $0
- Investment income
- $78,320
- Other revenue
- -$323
- Total assets, end of year
- $2,220,898
- Total liabilities, end of year
- $64,891
- Net assets or fund balances, end of year
- $2,156,007
- Program services expenses (Part IX)
- $171,933
- Management and general expenses
- $34,610
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $171,933
Program services were 83.2% 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
$152,268
-
1d · Related organizations
$40,020
-
1f · All other contributions, gifts and grants
$74,849
-
3 · Investment income
total $62,525 · excluded $62,525
-
7a · Gross sales of assets other than inventory
securities $15,795
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $15,795
-
7d · Net gain or loss
total $15,795 · excluded $15,795
-
8a · Fundraising events: gross income
$9,415
-
8a · Fundraising events: contributions included on line 1c
$152,268
-
8b · Fundraising events: direct expenses
$9,738
-
8c · Net income from fundraising events
total -$323 · excluded -$323
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $68,107 · program services $68,107
-
7 · Other salaries and wages
total $120,615 · program services $90,461 · management and general $30,154
-
11c · Fees: accounting
total $3,892 · program services $2,919 · management and general $973
-
11f · Fees: investment management
total $6,633 · program services $4,975 · management and general $1,658
-
11g · Fees: other
total $395 · program services $296 · management and general $99
-
12 · Advertising and promotion
total $1,008 · program services $756 · management and general $252
-
13 · Office expenses
total $3,387 · program services $2,540 · management and general $847
-
17 · Travel
total $495 · program services $371 · management and general $124
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $2,011 · program services $1,508 · management and general $503
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,228,710 · end of year $1,386,335
-
3 · Pledges and grants receivable
beginning of year $168,479 · end of year $128,112
-
4 · Accounts receivable
beginning of year $5,639 · end of year $5,877
-
11 · Investments: publicly traded securities
beginning of year $667,426 · end of year $700,574
-
25 · Other liabilities
beginning of year $67,672 · end of year $64,891
-
27 · Net assets without donor restrictions
beginning of year $495,412 · end of year $1,660,595
-
28 · Net assets with donor restrictions
beginning of year $1,507,170 · end of year $495,412
Mission and programs · 2024
Mission
TO RECEIVE CONTRIBUTIONS FOR THE PURPOSE OF ASSISTING THE RIVERVIEW HEALTHCARE ASSOCIATION TO PROVIDE TO THE RESIDENTS OF ITS SERVICE AREA QUALITY HEALTHCARE AND RELATED HEALTH SERVICES, EDUCATION, RESEARCH, PROMOTION OF HEALTH AND OTHER ACTIVITIES IN THE COMMUNITY.
-
THE CONTRIBUTIONS RAISED BY RIVERVIEW HEALTHCARE FOUNDATION ARE GRANTED TO RIVERVIEW HEALTHCARE ASSOCIATION TO PURCHASE MEDICAL EQUIPMENT AND SUPPLIES FOR PROMOTION OF HEALTHCARE IN THE COMMUNITY. RIVERVIEW HEALTHCARE FOUNDATION ALSO AWARDS SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN HEALTHCARE.
Expenses $171,933 · Grants $68,107
As filed on the 2024 return.
Listed in Part VII
-
Marilyn WentzelMARILYN WENTZEL
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Cory DallagerCORY DALLAGER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jodi ClausonJODI CLAUSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Taylor SannesTAYLOR SANNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kari KoenigKARI KOENIG
RHA BOARD LIASON
- Total calculated
- $0
- Hours/week
- 0.5
-
Hunter PlanteHUNTER PLANTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Carrie MichalskiCARRIE MICHALSKI
PRESIDENT & CEO
- Total calculated
- $426,924
- From this org
- $0
- From related orgs
- $334,521
- Other
- $92,403
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $334,521 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $19,051 related
- Nontaxable benefits
- $0 + $73,352 related
- Filer's total
- $0 + $426,924 related
-
Randolph SchoenbornRANDOLPH SCHOENBORN
FOUNDATION DIRECTOR
- Total calculated
- $107,829
- From this org
- $0
- From related orgs
- $101,963
- Other
- $5,866
- Hours/week
- 40
-
Betty ArvidsonBETTY ARVIDSON
TREASURER & CFO
- Total calculated
- $253,737
- From this org
- $0
- From related orgs
- $180,821
- Other
- $72,916
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $180,821 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,524 related
- Nontaxable benefits
- $0 + $61,392 related
- Filer's total
- $0 + $253,737 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 & CEO IS COMPENSATED BY RIVERVIEW HEALTHCARE ASSOCIATION, A RELATED PARTY. THE FOLLOWING METHODS ARE USED BY RIVERVIEW HEALTHCARE ASSOCIATION TO DETERMINE HER COMPENSATION: 1. COMPENSATION COMMITTEE, 2. FORM 990 OF OTHER ORGANIZATIONS, 3. WRITTEN EMPLOYMENT CONTRACT, 4. COMPENSATION SURVEY OR STUDY, AND 5. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
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.
-
RIVERVIEW HEALTHCARE ASSOCIATION
501(C)(3) · HEALTHCARE SERVICES · MN
-
501(C)(3) · CHEMICAL DEPENDENCY FINANCIAL ASSISTANCE · MN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 August 2026
- IRS schema version
- 2024v5.5
- Source object
- 202602299349301165
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