Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $936,855

• 1f · All other contributions, gifts and grants

  $6,044,353

• 1g · Noncash contributions included above

  $169,905

• 3 · Investment income

  total $4,723,200 · excluded $4,723,200

• 7a · Gross sales of assets other than inventory

  other assets $100,000

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

  other assets $117,720

• 7c · Gain or loss

  other assets -$17,720

• 7d · Net gain or loss

  total -$17,720 · excluded -$17,720

• 8a · Fundraising events: gross income

  $426,306

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

  $936,855

• 8b · Fundraising events: direct expenses

  $447,486

• 8c · Net income from fundraising events

  total -$21,180 · excluded -$21,180

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,769,297 · program services $3,769,297

• 2 · Grants to domestic individuals

  total $39,860 · program services $39,860

• 12 · Advertising and promotion

  total $270,678 · fundraising $270,678

• 13 · Office expenses

  total $2,753 · program services $448 · management and general $1,204 · fundraising $1,101

• 16 · Occupancy

  total $245 · program services $40 · management and general $107 · fundraising $98

• 19 · Conferences, conventions and meetings

  total $17,813 · management and general $17,813

• 22 · Depreciation, depletion and amortization

  total $52,457 · management and general $52,457

• 23 · Insurance

  total $4,611 · management and general $4,611

• 24a · Other expenses: FEES FOR EMPLOYEES OF A

  total $2,061,737 · program services $335,857 · management and general $901,597 · fundraising $824,283

• 24b · Other expenses: CONTRACTED SERVICES

  total $334,587 · fundraising $334,587

• 24c · Other expenses: OTHER

  total $34,798 · management and general $34,798

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,726,183 · end of year $5,447,065

• 3 · Pledges and grants receivable

  beginning of year $3,928,078 · end of year $3,428,940

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

  $202,325

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

  $198,572

• 10c · Land, buildings and equipment, net

  beginning of year $56,210 · end of year $3,753

• 12 · Investments: other securities

  beginning of year $64,301,168 · end of year $70,371,289

• 15 · Other assets

  beginning of year $1,216,708 · end of year $1,216,708

• 17 · Accounts payable and accrued expenses

  beginning of year $412,275 · end of year $2,133,205

• 19 · Deferred revenue

  beginning of year $9,550

• 25 · Other liabilities

  beginning of year $152,219 · end of year $152,219

• 27 · Net assets without donor restrictions

  beginning of year $64,121,256 · end of year $70,344,222

• 28 · Net assets with donor restrictions

  beginning of year $7,533,047 · end of year $7,838,109

The filer's explanations (Part III)

PART I, LINE 4B

FURTHER EXPLANATION OF THE OFFICERS' COMPENSATION LISTED IN SECTION VII OF FORM 990 AND ON SCHEDULE J: THE CORPORATIONS' EXECUTIVES ARE ELIGIBLE TO PARTICIPATE IN BENEFIT PLANS WHICH INCLUDE TAX DEFERRED NON QUALIFIED INVESTMENT ACCOUNTS. THESE PLANS MAY PROVIDE, BUT ARE NOT CERTAIN TO PROVIDE, FOR PAYMENT OF TAX DEFERRED COMPENSATION TO THESE EXECUTIVES AT SOME TIME IN THE FUTURE. THE EXECUTIVE HAS NO LEGAL RIGHT TO THESE DOLLARS UNTIL, AND UNLESS, CERTAIN FUTURE EVENTS OCCUR. IN ACCORDANCE WITH THE INSTRUCTIONS TO THE FORM 990, THE AMOUNTS LISTED IN SECTION VII AND IN SCHEDULE J REFLECT THIS TAX DEFERRED COMPENSATION. THIS COMPENSATION IS POTENTIALLY REPORTED TWICE ON THE FORM 990; ONCE WHEN THE COMPENSATION IS DEFERRED OR ACCRUED AND AGAIN IF IT IS PAID TO THE EXECUTIVE. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE NON-QUALIFIED PLAN: BRAD KONKLER - PAID 58,651 KENNETH HOLMAN - PAID 299,833 JOSEPH KALKMAN - PAID 93,728

PART I, LINE 6

THE ORGANIZATION PROVIDES INCENTIVE COMPENSATION TO DESIGNATED INDIVIDUALS BASED ON THREE DISCRETE AREAS: A COMPARISON BETWEEN BUDGETED AND ACTUAL NET OPERATING INCOME FROM CENTRACARE HEALTH FOUNDATION; ACHIEVEMENT OF IMPROVEMENT IN OVERALL EMPLOYMENT ENGAGEMENT SCORES; AND ACHIEVEMENT OF UP TO THREE INDIVIDUAL GOALS WHICH ARE TIED TO THE CENTRACARE HEALTH FOUNDATION'S STRATEGIC PLAN.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• MONTICELLO CANCER CENTER

  N/A · RADIATION & ONCOLOGY SERVICES · MN

• CENTRAL IMAGING LLC

  N/A · IMAGING SERVICES · MN

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CENTRACARE HOLDINGS INC

  C · INVESTMENTS/PHARMACY · MN

  Directly controlled by CENTRACARE HEALTH SYSTEM

• AFFILIATED COMMUNITY MEDICAL CENTERS PA

  C · HEALTHCARE SYSTEM · MN

  Directly controlled by CARRIS HEALTH