Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $4,250,200

• 1e · Government grants (contributions)

  $37,057,292

• 1f · All other contributions, gifts and grants

  $13,893,330

• 3 · Investment income

  total $1,700,462 · excluded $1,700,462

• 7a · Gross sales of assets other than inventory

  securities $2,369,000 · other assets $1,560

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

  securities $2,171,736 · other assets $0

• 7c · Gain or loss

  securities $197,264 · other assets $1,560

• 7d · Net gain or loss

  total $198,824 · excluded $198,824

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $594,466 · program services $447,004 · management and general $147,462

• 7 · Other salaries and wages

  total $17,684,971 · program services $15,667,910 · management and general $2,017,061

• 8 · Pension plan contributions

  total $1,273,784 · program services $1,150,697 · management and general $123,087

• 9 · Other employee benefits

  total $2,588,448 · program services $2,210,697 · management and general $377,751

• 10 · Payroll taxes

  total $1,146,881 · program services $1,030,361 · management and general $116,520

• 11b · Fees: legal

  total $52,999 · program services $52,681 · management and general $318

• 11c · Fees: accounting

  total $50,608 · management and general $50,608

• 11d · Fees: lobbying

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

• 11g · Fees: other

  total $26,909,284 · program services $26,692,324 · management and general $216,960

• 13 · Office expenses

  total $2,171,039 · program services $1,904,740 · management and general $266,299

• 14 · Information technology

  total $91,846 · management and general $91,846

• 16 · Occupancy

  total $1,225,167 · program services $1,000,929 · management and general $224,238

• 17 · Travel

  total $513,966 · program services $513,966

• 19 · Conferences, conventions and meetings

  total $37,308 · program services $37,208 · management and general $100

• 22 · Depreciation, depletion and amortization

  total $553,833 · program services $429,645 · management and general $124,188

• 23 · Insurance

  total $108,891 · management and general $108,891

• 24a · Other expenses: SUBJECT EXPENSES

  total $136,292 · program services $136,292

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $91,804 · program services $66,178 · management and general $25,626

• 24c · Other expenses: EMPLOYEE DEVELOPMENT AN

  total $75,732 · program services $61,629 · management and general $14,103

• 24d · Other expenses: EMPLOYEE RELATIONS-MEET

  total $70,685 · program services $67,678 · management and general $3,007

• 24e · All other expenses

  total $31,590 · program services $23,600 · management and general $7,990

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,877,613 · end of year $4,680,554

• 2 · Savings and temporary cash investments

  beginning of year $71,785 · end of year $72,649

• 3 · Pledges and grants receivable

  beginning of year $16,393,330 · end of year $14,566,562

• 4 · Accounts receivable

  beginning of year $1,015,929 · end of year $1,414,678

• 9 · Prepaid expenses and deferred charges

  beginning of year $254,872 · end of year $407,146

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

  $13,402,277

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

  $11,602,241

• 10c · Land, buildings and equipment, net

  beginning of year $1,580,325 · end of year $1,800,036

• 11 · Investments: publicly traded securities

  beginning of year $42,439,926 · end of year $49,721,299

• 17 · Accounts payable and accrued expenses

  beginning of year $10,946,443 · end of year $12,048,258

• 19 · Deferred revenue

  beginning of year $624,617 · end of year $479,271

• 27 · Net assets without donor restrictions

  beginning of year $24,056,374 · end of year $32,928,106

• 28 · Net assets with donor restrictions

  beginning of year $29,006,346 · end of year $27,207,289

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.