Regions Hospital Foundation

Organization Overview

Regions Hospital Foundation is located in Minneapolis, MN. The organization was established in 1998. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regions Hospital 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, Regions Hospital Foundation generated $23.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $13.3m during the year ending 12/2021. While expenses have increased by 10.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Regions Hospital Foundation has awarded 26 individual grants totaling $24,796,828. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO ADVOCATE & DEVELOP AWARENESS, BUILD PARTNERSHIPS, AND RAISE CONTRIBUTIONS.

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)Compensation
Tim Keenan
Director
$0
Tom Kingston
Director & Chair
$0
Matt Layman MD
Director
$0
Linda Hanson
Director & Vice Chair
$0
Anthony Grundhauser
Director And Vice President
$0
Megan M Remark
President & Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Group Health Plan Inc
Staffing
$2,721,356
Regions Hospital
Staffing
$930,747
Fairview Foundation
Consultants
$115,915
Rhsc Inc
Staffing
$127,801
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$547,078
Government grants $111,127
All other contributions, gifts, grants, and similar amounts not included above$20,386,689
Noncash contributions included in lines 1a–1f $572,873
Total Revenue from Contributions, Gifts, Grants & Similar$21,044,894
Total Program Service Revenue$0
Investment income $633,814
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,671,507
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,350,215

Grants Awarded

Over the last fiscal year, Regions Hospital Foundation has awarded $6,965,371 in support to 2 organizations.

Grant RecipientAmount

Minneapolis, MN

PURPOSE: CAPITAL EXPENDITURES ED EXPANSION

$5,578,476

HEALTHPARTNERS INSTITUTE

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: PROGRAM SUPPORT

$1,386,895
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Regions Hospital Foundation has recieved totaling $1,225,410.

Awarding OrganizationAmount
Regions Hospital

Minneapolis, MN

PURPOSE: PROGRAM SUPPORT

$399,996
Saint Paul & Minnesota Foundation

Saint Paul, MN

PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES

$226,948
Group Health Plan Inc

Minneapolis, MN

PURPOSE: PROGRAM SUPPORT

$147,082
Minneapolis Foundation

Minneapolis, MN

PURPOSE: DONOR-RECOMMENDED, HEALTH

$131,913
Americas Charities

Chantilly, VA

PURPOSE: GENERAL SUPPORT

$101,916
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$56,287
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,409,870
Earnings$233,351
Net Contributions$145,147
Other Expense$38,765
Ending Balance$2,749,603

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