Ucare Foundation
- Assets
- $4.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-4795214
Organization Overview
Ucare Foundation is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Ucare 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, Ucare Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 61.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 7.4% 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 2016, Ucare Foundation has awarded 68 individual grants totaling $5,700,032. 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
GRANT-MAKING TO IMPROVE THE HEALTH OF UNDER-SERVED POPULATIONS IN MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, UCARE FOUNDATION APPROVED AND DISBURSED $1,394,000 IN GRANT FUNDING TO ELEVEN MINNESOTA ORGANIZATIONS WORKING TO IMPROVE HEALTH THROUGH INNOVATIVE SERVICES, EDUCATION, COMMUNITY OUTREACH AND SUPPORTING COVID RELIEF EFFORTS WHICH ALSO HAD CORE VALUES OF DIVERSITY, EQUITY, AND INCLUSION. AN ADDITIONAL $1,000,000 WAS DISTRIBUTED IN GRANTS PROVIDED BY THE FOUNDATION USING FUNDS CONTRIBUTED BY UCARE TO SELECTED MINNESOTA COUNTIES, TRIBES, AND COLLABORATIONS OR OTHER NON-PROFITS ADVANCING LOCAL PUBLIC HEALTH PRIORITIES FOR PROJECTS ADDRESSING SPECIFIC TOPICS LISTED BELOW. - ANTI-RACISM AND HEALTH EQUITY FOCUSED WORK ADDRESSING STRUCTURAL RACISM AND SOCIAL DRIVERS OF HEALTH- DENTAL ACCESS AND ORAL HEALTH- RURAL SPECIFIC NEEDS FOR EXAMPLE, TRANSPORTATION, HEALTHCARE WORKFORCE DEVELOPMENT, AND LOCAL PUBLIC HEALTH PRIORITIES- MATERNAL CHILD HEALTH PARTICULARLY APPROACHES THAT ADDRESS INEQUITIES- INDIGENOUS HEALTH- MENTAL HEALTH, MENTAL WELLBEING, AND SUBSTANCE USE DISORDER PREVENTION AND TREATMENTUCARE FOUNDATION HAS A FORMAL BOARD THAT OVERSEES AND APPROVES ANNUAL GRANT AWARDS. THE BOARD MEETS ANNUALLY TO DETERMINE PRIORITY AREAS OF FOCUS FOR CURRENT YEAR SOLICITATIONS. GRANTEES APPLY VIA AN ONLINE GRANT SYSTEM AND ALL ORGANIZATIONS MUST MEET FUNDING ELIGIBILITY GUIDELINES. GRANT APPLICATIONS ARE REVIEWED BY UCARE MINNESOTA-ASSIGNED INDIVIDUALS AS WELL AS CERTAIN MEMBERS OF THE UCARE FOUNDATION BOARD. ONCE APPROVED, GRANTEES SIGN A CONDITIONS OF GRANT AGREEMENT AND ARE RESPONSIBLE TO SUBMIT AN INTERIM AND FINAL REPORT AS WELL AS PARTICIPATE IN A SITE VISIT BY UCARE STAFF. THE BOARD OF DIRECTORS RECEIVES AN ANNUAL REPORT ON THE USE OF THE FUNDS.UCARE HAS SPONSORED AND SUPPORTED LUTHERAN SOCIAL SERVICE SENIOR COMPANION PROGRAM FOR OVER 15 YEARS. THE PROGRAM IS AVAILABLE ACROSS MINNESOTA AND ASSISTS OLDER ADULTS, SO THEY CAN REMAIN HEALTHY AND ACTIVE IN THEIR OWN HOMESFOR AS LONG AS POSSIBLE. COMPANIONS ARE TRAINED VOLUNTEERS WHO VISIT THREE TO FOUR HOURS PER WEEK TO OFFER SUPPORT, FRIENDSHIP, AND TRANSPORTATION IN THE COMMUNITY. THE PROGRAM ADDRESSES MEMBER ISOLATION AND LONELINESS AS WELL AS ALLOWS ELDERS TO REMAIN LIVING IN THEIR HOMES INDEPENDENTLY. HEALTH OUTCOMES ARE TRACKED WITH THE GOAL TO SEE ENHANCED QUALITY OF LIFE AND HEALTHIER LIVING FOR THOSE RECEIVING SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Mccarthy MD Vice Chair | OfficerTrustee | 0.2 | $0 |
James Van Vooren MD Board Chair | OfficerTrustee | 0.1 | $0 |
Mark Traynor President & CEO (through Oct 2021) | Officer | 0.1 | $0 |
Julia Joseph-De Caprio SVP Chief Medical Officer | Officer | 0.1 | $0 |
Daniel Santos Secretary | Officer | 0.1 | $0 |
Beth Monsrud Svp, CFO & Treasurer | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,033,600 |
| Total Program Service Revenue | $0 |
| Investment income | $318,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,352,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,280,323 |
| 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 | $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 | $5,412 |
| 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 | $0 |
| Total functional expenses | $1,285,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,398 |
| Savings and temporary cash investments | $1,767,655 |
| Pledges and grants receivable | $0 |
| 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 | $3,106,243 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,710 |
| Total assets | $4,893,006 |
| Accounts payable and accrued expenses | $475 |
| 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 | $475 |
| Net assets without donor restrictions | $4,892,531 |
| 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 | $4,893,006 |
Grants Awarded
Over the last fiscal year, Ucare Foundation has awarded $1,278,650 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: STANDARDIZING EVIDENCE-BASED PRACTICES TO SUPPORT, STRENGTHEN AND IMPROVE THE WORKFORCE ACROSS THE CONTINUUM OF CARE. | $714,000 |
Minneapolis, MN PURPOSE: UPDATING CULTURE CARE CONNECTION WEBSITE TO PROVIDE AWARENESS OF HEALTH INEQUITIES | $100,000 |
Minneapolis, MN PURPOSE: PROMOTING HEALTH EQUITY AND IMPROVING HEALTH OUTCOMES IN TRADITIONALLY UNDERSERVED AND DIVERSE POPULATIONS. | $90,000 |
St Paul, MN PURPOSE: FINANCIAL SUPPORT TO PREPARE FOR THE INFLUX OF MEDICAL ASSISTANCE AND MINNESOTACARE ENROLLEES WHO WILL NEED ASSISTANCE RENEWING THEIR COVERAGE WHEN THE CURRENT PUBLIC HEALTH EMERGENCY ENDS. | $75,000 |
St Paul, MN PURPOSE: PROVIDE FRIENDLY VISITS, SUPPORT, AND ADVOCACY TO AGING NEIGHBORS BY PROVIDING TRANSPORTATION TO MEDICAL/DENTAL APPOINTMENTS AND ERRANDS. | $75,000 |
St Paul, MN PURPOSE: PREVENT READMISSION TO A HOSPITAL OR LONG-TERM CARE SETTING PROGRAM THROUGH COMMUNITY HEALTH WORKERS. | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ucare Foundation has recieved totaling $2,000,000.
| Awarding Organization | Amount |
|---|---|
Ucare Minnesota Minneapolis, MN PURPOSE: REPLENISHMENT OF FOUNDATION FUNDS. | $2,000,000 |