Civic Intelligence

Grand Itasca Foundation

990 • Fiscal year 2017 • EIN 41-1560554

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 31, 2018

Organization Profilewww.granditasca.org/Foundation
1601 Golf Course RoadGrand Rapids, MN 55744

(218) 999-1702

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.06x

Higher debt load relative to assets than 44% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.10x

Higher debt load relative to revenue than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

98th percentile

89%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

99th percentile

$1,371,338

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 95.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

97th percentile

147%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

105%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$2,330,351

Up $1,387,313 (+147%) from 2016

Net Assets

Up

$2,189,981

Up $1,269,107 (+138%) from 2016

Liabilities

Up

$140,370

Up $118,206 (+533%) from 2016

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin98th percentile

Revenue

Up

$1,433,621

Up $734,902 (+105%) from 2016

Expenses

Down

$153,806

Down $68,960 (-31%) from 2016

Net Income

Up

$1,279,815

Up $803,862 (+169%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,067,109Liabilities 2010: $0Net Assets 2010: $1,067,1092010Assets 2011: $533,103Liabilities 2011: $0Net Assets 2011: $533,1032011Assets 2012: $507,896Liabilities 2012: $11,054Net Assets 2012: $496,8422012Assets 2013: $549,057Liabilities 2013: $12,993Net Assets 2013: $536,0642013Assets 2014: $487,762Liabilities 2014: $23,813Net Assets 2014: $463,9492014Assets 2015: $478,599Liabilities 2015: $21,988Net Assets 2015: $456,6112015Assets 2016: $943,038Liabilities 2016: $22,164Net Assets 2016: $920,8742016Assets 2017: $2,330,351Liabilities 2017: $140,370Net Assets 2017: $2,189,9812017Assets 2018: $1,433,229Liabilities 2018: $557,700Net Assets 2018: $875,5292018Assets 2019: $1,086,497Liabilities 2019: $133,507Net Assets 2019: $952,9902019Assets 2020: $1,302,928Liabilities 2020: $262,003Net Assets 2020: $1,040,9252020Assets 2021: $1,726,764Liabilities 2021: $262,457Net Assets 2021: $1,464,3072021Assets 2022: $1,724,500Liabilities 2022: $262,140Net Assets 2022: $1,462,3602022Assets 2023: $1,750,233Liabilities 2023: $262,166Net Assets 2023: $1,488,0672023Assets 2024: $1,433,236Liabilities 2024: $272,436Net Assets 2024: $1,160,8002024

Highlighted filing

2017

Assets$2,330,351
Liabilities$140,370
Net Assets$2,189,981
Open 2017 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $54,3382010Expenses 2011: $46,2422011Revenue 2012: $76,298Expenses 2012: $37,095Net Income 2012: $39,2032012Revenue 2013: $99,197Expenses 2013: $54,629Net Income 2013: $44,5682013Revenue 2014: $118,324Expenses 2014: $95,288Net Income 2014: $23,0362014Revenue 2015: $139,197Expenses 2015: $106,724Net Income 2015: $32,4732015Revenue 2016: $698,719Expenses 2016: $222,766Net Income 2016: $475,9532016Revenue 2017: $1,433,621Expenses 2017: $153,806Net Income 2017: $1,279,8152017Revenue 2018: $417,122Expenses 2018: $1,446,786Net Income 2018: -$1,029,6642018Revenue 2019: $735,415Expenses 2019: $657,954Net Income 2019: $77,4612019Revenue 2020: $482,819Expenses 2020: $518,509Net Income 2020: -$35,6902020Revenue 2021: $535,306Expenses 2021: $117,663Net Income 2021: $417,6432021Revenue 2022: $237,361Expenses 2022: $234,208Net Income 2022: $3,1532022Revenue 2023: $229,153Expenses 2023: $203,446Net Income 2023: $25,7072023Revenue 2024: $272,620Expenses 2024: $347,207Net Income 2024: -$74,5872024

Highlighted filing

2017

Revenue$1,433,621
Expenses$153,806
Net Income$1,279,815
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 31, 2018
Return Version
2017v2.3
Gross Receipts
$1,484,533
Mission and Program Overview

Mission

To build philanthropic partnerships to support the mission of Grand Itasca Clinic and Hospital.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$777,370$1,541,397▲ $764,027
Cash and Non-Interest-Bearing Accounts$156,983$483,582▲ $326,599
Pledges and Grants Receivable-$305,372-
Total Assets$943,038$2,330,351▲ $1,387,313
Other Assets Total$8,685--
Liabilities
Other Liabilities-$115,373-
Accounts Payable and Accrued Expenses$22,164$24,997▲ $2,833
Total Liabilities$22,164$140,370▲ $118,206
Net Assets / Fund Balance
Temporarily Rstr Net Assets$746,779$1,743,608▲ $996,829
Unrestricted Net Assets$152,123$424,401▲ $272,278
Permanently Rstr Net Assets$21,972$21,972→ $0
Total Net Assets Fund Balance$920,874$2,189,981▲ $1,269,107
Total Liabilities and Net Assets / Fund Balance$943,038$2,330,351▲ $1,387,313
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeOtherTotal
James HerefordPresident/ce-$1,371,338$1,371,338
Michael YousoPresident&ce-$429,739$429,739
Charity Branstad RnDirector-$86,567$86,567
Kelly KirwinFoundation DFT$75,966$75,966

Board Members and Trustees

NameTitle
Amanda OkechBoard Chair
Michael YousoPresident&CEO-gich
James HerefordPresident/CEO-fhs
Mary KosakVice Chair
Amber BurggrafDirector
Cory JacksonDirector
Cricket GuyerDirector
Dale AdamsDirector
Joe CargillDirector
Patty Carlin-janssen MdDirector
Ron JohnsonDirector
Sue MattsonDirector
Tara MakinenDirector
Steve WrightSecretary
Andy ShermoenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,422,868
Program Service Revenue
$0
Investment Income
$5,655
Other Revenue
$5,098
All Other Contributions
$1,113,507
Change in Net Assets
$1,279,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$79,467
Grants and Similar Amounts Paid$74,339
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$48,489--$48,489
Fees for Services Other-$37,657-$37,657
Grants to Domestic Individuals$25,850--$25,850
Office Expenses-$11,018-$11,018
Other Expenses-$1,602-$1,602
Advertising-$59-$59
Total Functional Expenses$74,339$79,467$0$153,806
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grand Itasca Clinic & HospitalGrand Rapids, MN501(c)Program Support$43,439
Grand Rapids Area Community FoundatGrand Rapids, MN501(c)Program Support$5,050
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$56,010
Fundraising Direct Expenses$50,912
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Caring for Kids$80,229$31,018$2,318$28,700
Gifo Golf Tourn$35,142$24,992-$24,992
Total Events$115,371$56,010$50,912$5,098
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payable$115,373
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Grand itasca clinic & hospital, a minnesota nonprofit corporation, is the sole member of grand itasca foundation.”

Form 990, Page 6, Part VI, Line 7A

“Grand itasca clinic & hospital, as the onoly voting member of grand itasca foundation, has the authority to elect and remove the directors of grand itasca foundation with or without cause, at any time.”

Form 990, Page 6, Part VI, Line 7B

“Various powers, as stated in section 4.4 of grand itasca foundation's bylaws, are reserved for grand itasca clinic & hospital, the one voting member of grand itasca foundation.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the board of directors and the foundation director prior to filing with the irs.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest policies are reviewed annually. Conflict of interest forms are signed annually by all board members.”

Form 990, Page 6, Part VI, Line 19

“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

Filing and Contact Details

Filer

Filer Name
Grand Itasca Foundation
EIN
41-1560554
Address
1601 GOLF COURSE ROAD, GRAND RAPIDS, MN 55744

Signing Officer

Name
Amanda Okech
Title
Board Chair
Signed
2018-10-31

Organization Details

Principal Officer
Michael Youso
Formed
1986
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
12
Employees
0
Volunteers
100

Preparer

Firm
Fairview Health Svcs
Address
2450 RIVERSIDE AVE S DEPT C-207 LE, MINNEAPOLIS, MN 55454-1450
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Purchased services 0 37,657 0”

Form 990, Part XI, Line 9

“Acquisition adjustments 703 golf event income not on books -11,411 total -10,708”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code and applicabale minnesota statutes. Consequently, no provision has been made for income taxes. The organization's annual tax filings are subject to review by federal, state and local authorities. The organization is not aware of any activities that would jepordize its tax-exempt status. The organization is not aware of any activities that are subject to tax on unrelated business income or other excise taxes.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT&CE
IRS990/Form990PartVIISectionAGrp/TitleTxt16FOUNDATION D
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt059361
IRS990/FundraisingDirectExpensesAmt050912
IRS990/FundraisingGrossIncomeAmt056010
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt074339
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt025850
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt025850
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt048489
IRS990/GrantsToDomesticOrgsGrp/TotalAmt048489
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01484533
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt05655
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05655
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO BUILD PHILANTHROPIC PARTNERSHIPS TO SUPPORT THE MISSION OF GRAND ITASCA CLINIC AND HOSPITAL.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0920874
IRS990/NetAssetsOrFundBalancesEOYAmt02189981
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt05098
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt05098
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011018
IRS990/OfficeExpensesGrp/TotalAmt011018
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08685
IRS990/OtherChangesInNetAssetsAmt0-10708
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1DONOR WALL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029131
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11602
IRS990/OtherExpensesGrp/TotalAmt029131
IRS990/OtherExpensesGrp/TotalAmt11602
IRS990/OtherLiabilitiesGrp/EOYAmt0115373
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt021972
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt021972
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0305372
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MICHAEL YOUSO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0680623
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0174387
IRS990/PYInvestmentIncomeAmt05665
IRS990/PYOtherExpensesAmt048379
IRS990/PYOtherRevenueAmt012431
IRS990/PYRevenuesLessExpensesAmt0475953
IRS990/PYTotalExpensesAmt0222766
IRS990/PYTotalRevenueAmt0698719
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01279815
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0250000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0777370
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01541397
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0411865874
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd03
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt043439
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GRAND ITASCA CLINIC AND HOSITAL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt043439
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0115373
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERCOMPANY PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABALE MINNESOTA STATUTES. CONSEQUENTLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. THE ORGANIZATION'S ANNUAL TAX FILINGS ARE SUBJECT TO REVIEW BY FEDERAL, STATE AND LOCAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEPORDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR OTHER EXCISE TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalLiabilityAmt0115373
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt023076
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt023076
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt059361
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt049211
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt010150
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt050912
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CARING FOR KIDS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GIFO GOLF TOURN
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt09790
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt02500
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt012290
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt080229
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt035142
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0115371
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt031018
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt024992
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt056010
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt05098
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02318
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02318
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt09758
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt03470
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt013228
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt018100
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt17750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1CARE TO SHARE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt09
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt117
IRS990ScheduleI/RecipientTable/CashGrantAmt043439
IRS990ScheduleI/RecipientTable/CashGrantAmt15050
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GRAND ITASCA CLINIC & HOSPITAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1GRAND RAPIDS AREA COMMUNITY FOUNDAT
IRS990ScheduleI/RecipientTable/RecipientEIN0411865874
IRS990ScheduleI/RecipientTable/RecipientEIN1411761590
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01601 GOLF COURSE ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1350 NW 1ST AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0SUITE E
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GRAND RAPIDS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1GRAND RAPIDS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055744
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd155744
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL GRANT REQUESTS ARE APPROVED OR DENIED BY THE FOUNDATION BOARD PRIOR TO APPROVAL AND/OR PAYMENT AND MUST BE IN LINE WITH THE FOUNDATION'S MISSION OF HELPING TO SUPPORT THE INTERNAL NEEDS OF GRAND ITASCA CLINIC & HOSPITAL, PROMOTING A HEALTHY COMMUNITY, AND RAISING AWARENESS OF THE IMPACT AND VALUE OF GRAND ITASCA CLINIC & HOSPITAL. SCHOLARSHIP FUNDS ARE SENT DIRECTLY TO THE SCHOOL ON BEHALF OF THE RECIPIENT. IF A STUDENT HAS ANY CHANGES (TRANSFERS, ETC.) WE RECEIVE FUNDS BACK FOR UNUSED DOLLARS, BUT THE FOUNDATION DOES NOT FOLLOW-UP WITH STUDENTS/RECIPIENTS SPECIFICALLY ABOUT THEIR SCHOLARSHIP FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt030000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0309150

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,330,351
Liabilities
$140,370
Net assets
$2,189,981
Revenue
$1,433,621
Expenses
$153,806
Net income
$1,279,815
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.43$0.27$1.16$0.27$0.35$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.75$0.26$1.49$0.23$0.20$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.72$0.26$1.46$0.24$0.23$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.73$0.26$1.46$0.54$0.12$0.42
2020Detailed filing. Detailed filing data is available for this year.$1.30$0.26$1.04$0.48$0.52$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.09$0.13$0.95$0.74$0.66$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.43$0.56$0.88$0.42$1.45$1.03
2017Detailed filing. Detailed filing data is available for this year.$2.33$0.14$2.19$1.43$0.15$1.28
2016Detailed filing. Detailed filing data is available for this year.$0.94$0.02$0.92$0.70$0.22$0.48
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.02$0.46$0.14$0.11$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.49$0.02$0.46$0.12$0.10$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.55$0.01$0.54$0.10$0.05$0.04
2012Summary only. Only limited summary data is available for this year.$0.51$0.01$0.50$0.08$0.04$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.00$1.07$0.05