Olivia Hospital & Clinic Foundation
- Assets
- $2.6m
- Revenue
- $224.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 06/1996
- Data as of
- 12/2023
- EIN
- 41-1839619
Organization Overview
Olivia Hospital & Clinic Foundation is located in Bloomington, MN. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olivia Hospital & Clinic 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 12/2023, Olivia Hospital & Clinic Foundation generated $224.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $266.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Olivia Hospital & Clinic Foundation has awarded 13 individual grants totaling $1,526,863. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT HEALTHPARTNERS RC-OLIVIA HOSPITAL & CLINIC IN DELIVERING ACCESSIBLE AND QUALITY HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becca Thiesse Director | Trustee | 1 | $0 |
Jennifer Macik Director & Chair | OfficerTrustee | 1 | $0 |
Sara Benson Director & Treasurer | OfficerTrustee | 1 | $0 |
Shane Wohlman Director | Trustee | 1 | $0 |
Amy Hollan Director | Trustee | 1 | $0 |
Jan Simonsen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,849 |
| Related organizations | $72,175 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,722 |
| Noncash contributions included in lines 1a–1f | $10,297 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,746 |
| Total Program Service Revenue | $0 |
| Investment income | $39,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,036 |
| Net Income from Fundraising Events | -$2,116 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $236,762 |
| Grants and other assistance to domestic individuals. | $8,000 |
| 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 | $14,463 |
| 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 | $6,860 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $654 |
| Total functional expenses | $266,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $512,882 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,114 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $2,092,883 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,640,879 |
| Accounts payable and accrued expenses | $80,740 |
| 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 | $80,740 |
| Net assets without donor restrictions | $1,702,740 |
| Net assets with donor restrictions | $857,399 |
| 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 | $2,640,879 |
Grants Awarded
Over the last fiscal year, Olivia Hospital & Clinic Foundation has awarded $187,599 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTHPARTNERS RC DBA OLIVIA HOSPITAL AND CLINIC PURPOSE: PROGRAM SUPPORT | $68,063 |
KANDIYOHI COUNTY AREA FAMILY YMCA PURPOSE: PROGRAM SUPPORT | $74,536 |
UNITED COMMUNITY ACTION PARTNERSHIP PURPOSE: PROGRAM SUPPORT | $20,000 |
OLIVIA AMBULANCE SERVICE INC PURPOSE: PROGRAM SUPPORT | $25,000 |