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← MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION

Form 990 for tax year 2023

Filed by MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION.

Totals

Total revenue
$1,140,536
Total expenses
$12,729
Contributions and grants received
$1,000,000
Grants paid
$0
Program service revenue
$0
Investment income
$140,536
Other revenue
$0
Total assets, end of year
$3,875,298
Total liabilities, end of year
$7,260
Net assets or fund balances, end of year
$3,868,038
Program services expenses (Part IX)
$0
Management and general expenses
$12,729
Fundraising expenses
$0
Program service expenses (Part III)
$12,729

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,000,000

  • 3 · Investment income

    total $140,536 · excluded $140,536

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $12,729 · management and general $12,729

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,000,000

  • 11 · Investments: publicly traded securities

    beginning of year $2,764,800 · end of year $2,875,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,260 · end of year $7,260

  • 27 · Net assets without donor restrictions

    beginning of year $2,757,540 · end of year $3,868,038

Mission and programs · 2023

Mission

THE MINNESOTA HOSPITAL FOUNDATION WORKS ON STRATEGIES THAT INCLUDE DATA-LED QUALITY AND SAFETY IMPROVEMENT, EDUCATION, RESEARCH, TRAINING AND LEADERSHIP TO IMPROVE THE HEALTH OF MINNESOTANS.

Activities or mission (Part I)

ADVANCE INDIVIDUAL & COMMUNITY THROUGH LEADERSHIP, ADVOCACY, AND COLLABORATION

  • THE MINNESOTA HOSPITAL FOUNDATION CONTINUES TO EXIST TO IMPLEMENT RESEARCH AND ANALYSIS OPPORTUNITIES THAT WOULD IMPROVE HEALTH CARE BY MAKING IT MORE AFFORDABLE, INCREASING ITS ACCESSIBILITY TO THE PEOPLE OF MINNESOTA, OR IMPROVING THE QUALITY OF PATIENT CARE.

    Expenses $12,729

As filed on the 2023 return.

Listed in Part VII

  • Rahul Koranne

    PRESIDENT/CEO

    Total calculated
    $928,177
    From this org
    $0
    From related orgs
    $893,647
    Other
    $34,530
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $697,147 related
    Bonus
    $0 + $196,500 related
    Other
    $0
    Deferred
    $0 + $8,312 related
    Nontaxable benefits
    $0 + $26,218 related
    Filer's total
    $0 + $928,177 related

  • Steven Underdahl

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.7 related

  • James Hereford

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    0.5 + 0.7 related

  • Rachelle Schultz

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Dan Olson

    EX-OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • David Herman

    STANDING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7 + 0.5 related

  • Sara Criger

    STANDING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.7 related

  • Kevin Croston

    STANDING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Greg Ruberg

    REGIONAL DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • David Slowinske

    STANDING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Halena Gazelka

    STANDING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.7 related

  • Patti Banks

    STANDING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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 RELATED ORGANIZATION, MINNESOTA HOSPITAL ASSOCIATION; USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION FOR THE CEO.

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.

  • MINNESOTA HOSPITAL ASSOCIATION

    501(C)(6) · ADVANCE INDIVIDUAL & COMMUNITY HEALTH THROUGH LEADERSHIP, ADVOCACY, & COLLAB · MN

  • MINNESOTA HOSPITAL POLITICAL ACTION COMMITTEE

    527 · POLITICAL ACTION COMMITTEE · MN · controlled entity

    Directly controlled by MINNESOTA HOSPITAL ASSOCIATION

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 corporations and trusts

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

  • MINNESOTA HOSPITAL ASSOCIATION SERVICE CORPORATION

    C · GROUP PURCHASING · MN · controlled entity

  • MCCA

    C · ADMINISTRATIVE SERVICES · MN · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202413169349305951

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