North Memorial Foundation
- Assets
- $14.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Robbinsdale, MN
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 41-1777966
Organization Overview
North Memorial Foundation is located in Robbinsdale, MN. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Memorial 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, North Memorial Foundation generated $1.4m 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 (9.0%) each year. All expenses for the organization totaled $667.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, North Memorial Foundation has awarded 14 individual grants totaling $2,830,938. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT NORTH MEMORIAL HEALTH CARE AND ITS COMMITMENT TO CHANGING AND SAVING LIVES. THROUGH PHILANTHROPY, OUR DONORS ASSIST IN GIVING OUR PATIENTS AND THEIR FAMILIES COMPASSIONATE, REMARKABLE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COVID-19 EMERGENCY RESPONSE:THIS PROGRAM SUPPORTS EMERGENT NEEDS RELATED TO THE COVID-19 PANDEMIC. FUNDS HAVE PROVIDED EQUIPMENT AND SUPPLIES TO TREAT COVID-19 POSITIVE PATIENTS AS WELL AS PERSONAL PROTECTIVE EQUIPMENT TO PROTECT STAFF WORKING WITH COVID-19 POSITIVE/SUSPECTED PATIENTS. IT HAS ALSO PROVIDED STAFF TRAINING AND RESILIENCY SUPPORT. A CRISIS ASSISTANCE FUND HAS PROVIDED FINANCIAL AID FOR STAFF DIRECTLY AFFECTED BY COVID-19. FOUR STAFF RECEIVED $500 IN ASSISTANCE TO SUPPORT HOUSING COSTS FOR A TOTAL OF $2,000 IN DIRECT FINANCIAL ASSISTANCE PROVIDED.
HOSPICE SUPPORT:NORTH MEMORIAL HEALTH'S HOSPICE TEAM PROVIDED SERVICES FOR 1,000 PATIENTS IN 2021, AS WELL AS GRIEF SUPPORT SERVICES FOR THEIR FAMILIES AND LOVED ONES. FOUNDATION SUPPORT PROVIDED COMPLEMENTARY SERVICES SUCH AS MASSAGE THERAPY AND ANIMAL THERAPY GRIEF TO HELP INDIVIDUALS COPE WITH THEIR DIAGNOSIS, MANAGE PAIN/DISCOMFORT AND PREPARE FOR THE END OF THEIR LIVES. ADDITIONALLY, FUNDS SUPPORTED GRIEF ACTIVITIES AND CARE ITEMS SUCH AS SENSORY BASKETS, SUPPORT GROUPS AND SEASONAL MEMORY PACKAGES.
PROGRAM, SERVICE AND OPERATIONAL SUPPORT FOR NORTH MEMORIAL HEALTH:THE FOUNDATION DEDICATES ITSELF TO RAISING MONEY TO SUPPORT THE HEALTH OF THE ENTIRE COMMUNITY SERVED BY NORTH MEMORIAL HEALTH, APPROXIMATELY 650,000 INDIVIDUALS IN 2021. THE FOUNDATION HELPS CLOSE THE GAP BETWEEN THE SERVICES PROVIDED BY THE HEALTH CARE SYSTEM AND THE COMPENSATION RECEIVED FROM CUSTOMER PAYMENTS, INSURANCE AND THE GOVERNMENT. DONOR SUPPORT HELPS IMPROVEMENTS THAT WOULD LIKELY NOT OTHERWISE BE POSSIBLE, MAKING US A STRONG, RESPONSIVE AND ACCESSIBLE COMMUNITY RESOURCE. DONATIONS HELP IMPROVE CUSTOMER EXPERIENCE, MODERNIZE FACILITIES, BROADEN PROGRAMS AND SERVICES, SUPPORT COMMUNITY PARTNERSHIPS, PROVIDE ACCESS TO SPECIALIZED MEDICAL EQUIPMENT AND NEW TECHNOLOGIES.
THE FOUNDATION SUPPORTS OTHER PROGRAMS AND INITIATIVES THROUGHOUT THE ORGANIZATION AS IDENTIFIED BY DONORS AND FOUNDATION LEADERSHIP. THESE FUNDS SUPPORT A WIDE ARRAY OF PROJECTS, FROM TECHNOLOGY UPGRADES TO NEW CARE PROGRAMS, TEAM-MEMBER EDUCATION TO FACILITY ENHANCEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Byrne Treasurer | OfficerTrustee | 1 | $0 |
Jandeen Boone Vice Chair | OfficerTrustee | 1 | $0 |
Scott Hemenway Board Chair | OfficerTrustee | 1 | $0 |
Kent Spaulding Vice President | Officer | 2 | $0 |
Deepak Kademani DMD MD Director - Outgoing | Trustee | 1 | $0 |
Mike Steinhauser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $204,223 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $527,413 |
| Noncash contributions included in lines 1a–1f | $114,643 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $731,636 |
| Total Program Service Revenue | $0 |
| Investment income | $402,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $227,906 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,362,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $520,323 |
| Grants and other assistance to domestic individuals. | $39,883 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,630 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $667,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $423,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,348 |
| 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 | $0 |
| Investments—publicly traded securities | $13,115,375 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $767,616 |
| Total assets | $14,323,337 |
| Accounts payable and accrued expenses | $13,923 |
| 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 | $9,625 |
| Total liabilities | $23,548 |
| Net assets without donor restrictions | $5,675,825 |
| Net assets with donor restrictions | $8,623,964 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $14,323,337 |
Grants Awarded
Over the last fiscal year, North Memorial Foundation has awarded $520,323 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Robbinsdale, MN PURPOSE: TO SUPPORT COVID-19 EMERGENCY, INPATIENT MENTAL HEALTH SERVICES, OTHER PATIENT AND EMPLOYEE NEEDS | $371,817 |
BLAZE HEALTH LLC PURPOSE: TO SUPPORT HOSPICE SERVICES, OTHER PATIENT AND EMPLOYEE NEEDS | $78,668 |
Maple Grove, MN PURPOSE: TO SUPPORT MGH NICU, OTHER PATIENT AND EMPLOYEE NEEDS | $69,838 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Memorial Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
John Mondati Foundation Minneapolis, MN PURPOSE: TO CONTINUE THE INTEGRATIVE SERVICES PROGRAM AT MAPLE GROVE HOSPITAL TO OFFER PATIENTS ADDITIONAL HOLISTIC OPTIONS, INCLUDING PROVIDING NAUSEA RELIEF BY OFFERING ACUPRESSURE BANDS TO PATIENTS | $10,000 |
Endowment Analysis
| Beg. Balance | $2,665,779 |
| Earnings | $333,957 |
| Net Contributions | $2,772 |
| Grants | $3,630 |
| Ending Balance | $2,998,878 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Augustana Care Edina, MN | $116,750,556 | $60,968,298 |
Iowa Donor Network North Liberty, IA | $39,614,924 | $35,703,085 |
Wellpoint Care Network Inc Milwaukee, WI | $8,696,347 | $28,630,570 |
Woodward Youth Corporation Woodward, IA | $6,374,013 | $25,268,723 |
Child Care Choices Inc Waite Park, MN | $3,894,332 | $22,493,695 |
Nexus-Woodbourne Family Healing Plymouth, MN | $7,774,084 | $15,090,420 |
Fem Electric Association Inc Ipswich, SD | $42,436,941 | $15,874,732 |
Benedictine Living Communities - Bismarck Inc Minneapolis, MN | $16,928,888 | $16,060,276 |
Simpson Housing Services Inc Minneapolis, MN | $10,361,616 | $11,738,483 |
Art Of Living Foundation Fairfield, IA | $25,087,396 | $11,765,416 |
Land O L Foundation St Paul, MN | $1,405,792 | $8,007,013 |
Bridging Incorporated Bloomington, MN | $8,455,401 | $8,965,404 |