Itasca Hospice Foundation
- Assets
- $916.0k
- Revenue
- $53.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Grand Rapids, MN
- Founding
- 03/1980
- Data as of
- 12/2021
- EIN
- 41-1375722
Organization Overview
Itasca Hospice Foundation is located in Grand Rapids, MN. The organization was established in 1980. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2021, Itasca Hospice Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Itasca Hospice Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Itasca Hospice Foundation generated $53.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $109.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSION OF ITASCA HOSPICE FOUNDATION IS TO ASSURE QUALITY CARE BY MEETING THE UNMET NEEDS OF HOSPICE PATIENTS, THEIR FAMILIES, AND FUNDING EDUCATION OPPORTUNITIES FOR STAFF AND VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAGES FOR THE EXECUTIVE DIRECTOR AND EMPLOYEE ASSOCIATED WITH PROGRAM SERVICES.
EXPENSES TO MAINTAIN THE HOSPICE HOUSE AND SUPPORT THE PATIENTS INCLUDING INSURANCE, FOOD, UTILITIES, TRAVEL, ADVERTISING, MAINTENANCE AND SUPPLIES.
DEPRECIATION ON HOSPICE HOUSE AND FURNISHINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharri Anderson Executive Director | 40 | $50,000 | |
Susan Jones Residential Manager | 20 | $8,500 | |
Sheila Lund Secretary | Officer | 1 | $0 |
Greg Passard President | Officer | 2 | $0 |
Dan Virden Treasurer | Officer | 2 | $0 |
Dave Huso Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,917 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,417 |
| Total Program Service Revenue | $0 |
| Investment income | $1,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $789 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,500 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,085 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,741 |
| Insurance | $5,980 |
| All other expenses | $0 |
| Total functional expenses | $109,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,380 |
| Savings and temporary cash investments | $96,938 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $810,645 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $915,963 |
| Accounts payable and accrued expenses | $1,353 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,353 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $914,610 |
| Total liabilities and net assets/fund balances | $915,963 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Itasca Hospice Foundation has recieved totaling $33,790.
| Awarding Organization | Amount |
|---|---|
Grand Rapids Area Community Fndtn Grand Rapids, MN PURPOSE: Annual Distribution | $23,790 |
Charles K Blandin Foundation Grand Rapids, MN PURPOSE: PROJECT SUPPORT FOR OPERATING AND TRAINING SUPPORT DURING THE HEALTH AND ECONOMIC CRISIS IN ITASCA COUNTY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agrace Hospicecare Incorporated Fitchburg, WI | $127,559,308 | $81,380,739 |
Hospice Of The Red River Valley Fargo, ND | $29,216,020 | $33,849,061 |
Pesi Inc Eau Claire, WI | $92,534,627 | $38,780,825 |
Unity Limited Partnership De Pere, WI | $36,485,228 | $33,072,896 |
Saint Anne Of Winona Minneapolis, MN | $16,379,206 | $17,452,810 |
Cedar Valley Hospice Inc Waterloo, IA | $16,940,612 | $16,803,336 |
Our Lady Of Peace St Paul, MN | $30,478,378 | $14,806,119 |
Rainbow Hospice Care Inc Jefferson, WI | $17,717,854 | $12,464,541 |
Hospice Of Dubuque Dubuque, IA | $4,506,439 | $9,944,404 |
Hospice Alliance Inc Pleasant Prairie, WI | $4,572,721 | $8,328,182 |
Iowa Mennonite Benevolent Association Kalona, IA | $8,686,841 | $6,777,497 |
Iowa City Hospice Inc Iowa City, IA | $6,148,159 | $7,719,720 |