Prairie Ridge Foundation Inc
- Assets
- $246.5k
- Revenue
- $55.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Elbow Lake, MN
- Founding
- 08/2014
- Data as of
- 09/2021
- EIN
- 45-5092280
Organization Overview
Prairie Ridge Foundation Inc is located in Elbow Lake, MN. The organization was established in 2014. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Prairie Ridge Foundation Inc 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 09/2021, Prairie Ridge Foundation Inc generated $55.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $51.8k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 6 years. 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
TO SUPPORT PRAIRIE RIDGE HOSPITAL AND HEALTH SERVICES IN ITS MISSION OF SERVING THE HEALTHCARE NEEDS OF THE PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2013, THE PRAIRIE RIDGE FOUNDATION (PRF) STARTED THE PROCESS OF FUNDRAISING WITH THE GOAL OF PARTNERING WITH AND SUPPORTING PRAIRIE RIDGE HOSPITAL AND HEALTH SERVICES (PRHHS) IN ITS MISSION OF "SERVING THE HEALTHCARE NEEDS OF THE PEOPLE." THIS FUNDRAISING WAS DONE THROUGH AN EMPLOYEE CAMPAIGN AS WELL AS A PUBLIC CAMPAIGN.
IN 2014, PRF CREATED A DISREGARDED ENTITY, PRAIRIE RIDGE FITNESS, LLC, TO OWN AND OPERATE A COMMUNITY FITNESS CENTER. PRAIRIE RIDGE FITNESS STARTED OPERATIONS IN 2015. PRAIRIE RIDGE FITNESS IS THE ONLY FITNESS CENTER AVAILABLE IN ELBOW LAKE, MN. THROUGH THE CHNA CONDUCTED BY PRHHS, A FITNESS CENTER WAS AN IDENTIFIED COMMUNITY NEED. PRAIRIE RIDGE FITNESS OFFERS CARDIO, STRENGTH TRAINING, CLASSES, PERSONAL TRAINING, AND IS OPEN 24/7. WE OFFER A VARIETY OF CLASSES TO FIT THE NEEDS OF EVERYONE FROM BEGINNERS TO ADVANCED AND FROM THE YOUNG TO SENIORS. PRAIRIE RIDGE FITNESS WORKS WITH MANY INSURANCE COMPANIES AND PARTICIPATES IN THEIR DISCOUNT PROGRAMS. WE WORK WITH PUBLIC HEALTH AND THE ASSISTANCE PROGRAMS FOR THOSE WHO MAY NOT AFFORD IT. WE ALSO WORK WITH THE DIABETIC AND PHYSICAL THERAPY PROGRAMS AT PRHHS TO ENSURE THESE PATIENTS CAN ACCESS THE FITNESS CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Wenstrom Director/vice Chair | Trustee | 0.2 | $0 |
Scott Swenson Director/chair | Trustee | 0.2 | $0 |
Jeff Dreier Director/secretary/treasurer | Trustee | 0.2 | $0 |
Larry Rapp Director | Trustee | 0.2 | $0 |
Larry Goetzinger Director | Trustee | 0.2 | $0 |
Kendra Brutlag Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,021 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,021 |
| Total Program Service Revenue | $43,855 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,114 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,990 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,548 |
| 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 | $1,169 |
| Advertising and promotion | $99 |
| Office expenses | $514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,730 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,673 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,182 |
| Insurance | $1,832 |
| All other expenses | $0 |
| Total functional expenses | $51,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $118,441 |
| Pledges and grants receivable | $24,000 |
| Accounts receivable, net | $2,107 |
| 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 | $856 |
| Net Land, buildings, and equipment | $101,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $246,514 |
| Accounts payable and accrued expenses | $2,710 |
| 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 | $46,325 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $102,452 |
| Total liabilities | $151,487 |
| Net assets without donor restrictions | $95,027 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $246,514 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Foundation Of Des Moines Iowa Des Moines, IA | $72,079,814 | $11,993,555 |
Legacy Foundation Of Central Wisconsin Inc Wisconsin Rapids, WI | $142,600,446 | $4,980,958 |
Sanford Health Foundation North Sioux Falls, SD | $106,387,743 | $12,791,067 |
Marshfield Clinic Health System Foundation Inc Marshfield, WI | $149,772,122 | $21,068,703 |
Dakota Medical Foundation Fargo, ND | $43,203,440 | $5,722,440 |
Gillette Childrens Hospital Foundation St Paul, MN | $41,489,322 | $14,728,152 |
Lifescape Sioux Falls, SD | $318,250 | $4,148,590 |
Benedictine Foundation Minneapolis, MN | $15,163,836 | $4,052,107 |
Miller Dwan Foundation Duluth, MN | $37,367,884 | $5,122,936 |
St Josephs Hospital Foundation Dickinson, ND | $6,830,707 | $727,456 |
Carris Health Foundation Willmar, MN | $19,378,511 | $7,841,805 |
Generations Health Care Initiatives Inc Duluth, MN | $11,123,965 | $1,065,863 |