Civic Intelligence

Fairview Foundation

990 • Fiscal year 2020 • EIN 41-1573810

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 15, 2021

2450 Riverside AvenueMinneapolis, MN 55454

(612) 672-7777

Siviq Scores

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

Liabilities / Assets

46th percentile

0.22x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

1.39x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

7th percentile

-41%

Higher net margin than 7% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

99th percentile

$2,621,429

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 44.0% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

19th percentile

-1.9%

Faster asset growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

22nd percentile

-13%

Faster revenue growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$36,800,038

Down $701,410 (-1.9%) from 2019

Net Assets

Down

$28,540,541

Down $5,557,378 (-16%) from 2019

Liabilities

Up

$8,259,497

Up $4,855,968 (+143%) from 2019

Revenue

Down

$5,961,178

Down $907,921 (-13%) from 2019

Expenses

Up

$8,420,961

Up $3,101,346 (+58%) from 2019

Net Income

Down

-$2,459,783

Down $4,009,267 (-259%) from 2019

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $12,187,745Liabilities 2010: $654,094Net Assets 2010: $11,533,6512010Assets 2011: $13,367,949Liabilities 2011: $1,167,567Net Assets 2011: $12,200,3822011Assets 2012: $17,038,250Liabilities 2012: $460,374Net Assets 2012: $16,577,8762012Assets 2013: $18,497,115Liabilities 2013: $1,878,753Net Assets 2013: $16,618,3622013Assets 2014: $18,083,777Liabilities 2014: $3,639,532Net Assets 2014: $14,444,2452014Assets 2015: $16,566,589Liabilities 2015: $2,480,947Net Assets 2015: $14,085,6422015Assets 2016: $16,035,232Liabilities 2016: $796,748Net Assets 2016: $15,238,4842016Assets 2017: $17,566,542Liabilities 2017: $1,184,745Net Assets 2017: $16,381,7972017Assets 2018: $32,711,565Liabilities 2018: $4,030,765Net Assets 2018: $28,680,8002018Assets 2019: $37,501,448Liabilities 2019: $3,403,529Net Assets 2019: $34,097,9192019Assets 2020: $36,800,038Liabilities 2020: $8,259,497Net Assets 2020: $28,540,5412020Assets 2021: $21,453,874Liabilities 2021: $1,120,064Net Assets 2021: $20,333,8102021Assets 2022: $18,118,013Liabilities 2022: $954,692Net Assets 2022: $17,163,3212022Assets 2023: $15,365,711Liabilities 2023: $275,492Net Assets 2023: $15,090,2192023Assets 2024: $14,620,172Liabilities 2024: $1,894,127Net Assets 2024: $12,726,0452024

Highlighted filing

2020

Assets$36,800,038
Liabilities$8,259,497
Net Assets$28,540,541

Operations Trend

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

$15M$10M$5.0M$0-$5.0M-$10MExpenses 2010: $4,318,8302010Expenses 2011: $5,634,0322011Expenses 2012: $5,064,9392012Revenue 2013: $9,348,885Expenses 2013: $9,351,075Net Income 2013: -$2,1902013Revenue 2014: $8,113,095Expenses 2014: $10,287,213Net Income 2014: -$2,174,1182014Revenue 2015: $6,339,807Expenses 2015: $6,578,164Net Income 2015: -$238,3572015Revenue 2016: $6,210,329Expenses 2016: $5,526,396Net Income 2016: $683,9332016Revenue 2017: $6,295,280Expenses 2017: $6,588,568Net Income 2017: -$293,2882017Revenue 2018: $8,731,222Expenses 2018: $4,795,432Net Income 2018: $3,935,7902018Revenue 2019: $6,869,099Expenses 2019: $5,319,615Net Income 2019: $1,549,4842019Revenue 2020: $5,961,178Expenses 2020: $8,420,961Net Income 2020: -$2,459,7832020Revenue 2021: $804,082Expenses 2021: $8,680,590Net Income 2021: -$7,876,5082021Revenue 2022: $1,984,091Expenses 2022: $4,888,476Net Income 2022: -$2,904,3852022Revenue 2023: $738,123Expenses 2023: $3,368,938Net Income 2023: -$2,630,8152023Revenue 2024: $1,113,450Expenses 2024: $3,611,407Net Income 2024: -$2,497,9572024

Highlighted filing

2020

Revenue$5,961,178
Expenses$8,420,961
Net Income-$2,459,783
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 15, 2021
Return Version
2020v4.0
Gross Receipts
$5,961,178
Mission and Program Overview

Mission

The fairview foundation's exempt purpose is to promote philanthropy within fairview, raise funds, build relationships and provide grants to enhance the care of patients, improve the health of the communities we serve and support the mission of fairview health services, a charitable organization exempt from income tax under section 501(c)(3) of the internal revenue code, by providing funding for fairview programs to improve the health of the communities that fairview serves. The fairview foundation supports fairview healthcare programs and services, including community based programs, which address the physical, emotional and spiritual needs of individuals and their families.

The fairview foundation's exempt purpose is to promote philanthropy within fairview, raise funds, build relationships, provide grants to programs and services that enhance the care of patients, improve the physical, emotional and spiritual health of the communities we serve and support the mission of fairview health services, a charitable organization exempt from income tax under section 501(c)(3) of the internal revenue code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$32,726,812$31,828,843▼ $897,969
Cash and Non-Interest-Bearing Accounts$3,600,199$4,330,057▲ $729,858
Pledges and Grants Receivable$1,158,378$627,144▼ $531,234
Land, Buildings, and Equipment, Net$16,059$13,994▼ $2,065
Total Assets$37,501,448$36,800,038▼ $701,410
Liabilities
Accounts Payable and Accrued Expenses$3,327,090$8,189,970▲ $4,862,880
Other Liabilities$76,439$69,527▼ $6,912
Total Liabilities$3,403,529$8,259,497▲ $4,855,968
Net Assets / Fund Balance
Net Assets With Donor Restrictions$26,965,405$22,882,350▼ $4,083,055
Net Assets Without Donor Restrictions$7,132,514$5,658,191▼ $1,474,323
Total Net Assets Fund Balance$34,097,919$28,540,541▼ $5,557,378
Total Liabilities and Net Assets / Fund Balance$37,501,448$36,800,038▼ $701,410

Asset Categories

AssetBook ValueDepreciationBasis
Land$10,678-$10,678
Other Land Buildings$1,463$8,750$10,213
Equipment$1,853$391$2,244

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$5,865,076$217,899▲ $39,894$-73,645$5,600,949
2019$5,757,124$148,110-$-40,158$5,865,076
2018$1,575,829$4,641,157▼ $461,060$1,198$5,757,124
2017$1,512,011$52,144▲ $12,253$-580$1,575,829
2016$1,459,459$52,743▲ $408$-598$1,512,011
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
James HerefordDirector-end-$2,621,429$2,621,429
Tiffany BlankSr Director Ff &PT$194,891$194,891
Carol Ley MdDirector-end-$25,000$25,000

Board Members and Trustees

NameTitle
Thomas FeeChair
Lowell StortzVchair-end 1
John SwanholmPresident
Roland HayesDirector
Taqee KhaledDirector
Charlene AltmanDirector-end
Dennis TodoraDirector-end
Gregory FreitagDirector-end
Josephine BaileyDirector-end
Litton Field JrDirector-end
Marcy MorrisDirector-end
Peter DemarisDirector-end
Stephen BattistaDirector-end
Teri PoppDirector-end
Timothy DunleavyDirector-end
Tony ScheuermanDirector-end
James HerefordDirector-end 12-2020
Tiffany BlankSr Director Ff & Comm Ad
Mai MouaDorector
Scott MuellerSecretary En
Carin ThomasTreasurer-en
Revenue and Support

Revenue Composition

Contributions and Grants
$3,804,710
Program Service Revenue
$0
Investment Income
$2,156,468
Other Revenue
$0
All Other Contributions
$3,177,622
Change in Net Assets
$-2,459,783

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table102$346,401Fair Market Value
Food Inventory1$29,583-
Other Non Cash Contri Table6$17,220Fair Market Value
Clothing and Household Goods-$14,488-
Other Non Cash Contri Table8$12,953Fair Market Value
Other Non Cash Contri Table2$9,574Fair Market Value
Works of Art1$800Fair Market Value
Total Noncash Contributions120$431,019-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,801,595
Other Expenses$344,104
Salaries, Compensation, and Employee Benefits$275,262
Total Fundraising Expense$242,986
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,629,964--$7,629,964
Other Salaries and Wages-$194,794-$194,794
Grants to Domestic Individuals$171,631--$171,631
Occupancy-$95,688-$95,688
Fees for Services Management-$10,326$72,842$83,168
Other Employee Benefits-$30,660$20,219$50,879
Fees for Services Other--$25,818$25,818
Payroll Taxes-$21,010-$21,010
Insurance--$16,622$16,622
Office Expenses-$12,961$95$13,056
Pension Plan Contributions-$8,579-$8,579
Travel--$4,731$4,731
Depreciation Depletion-$997-$997
Other Expenses-$1,365$150$150
Total Functional Expenses$7,801,595$376,380$242,986$8,420,961
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fairview Health ServicesMinneapolis, MN501(c)Provided Grants to a$7,629,964
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$69,527
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
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

Fairview health services is the sole member of fairview foundation.

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

Fairview health services can appoint board members.

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

Decisions are subject to fairview health services reserve powers.

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

The tax department conducts a detailed review of the completed return and it is then reviewed by foundation finance director and foundation president. The form 990 is then presented to the executive committee for review of content. The form 990 is also provided to the members of the board of directors prior to filing. Upon approval from the board of directors, the form 990 is filed.

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

Conflict of interest surveys are completed and reviewed by the board and any posible issue is resolved.

Form 990, Page 6, Part VI, Line 15A

Fairview foundation follows the human resource policies and procedures established by fairview health services. This includes the process for determining appropriate compensation for officers and employees. Fairview health services approves the salary of the foundation's president.

Form 990, Page 6, Part VI, Line 19

Fairview foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request and inspection of the documents is available at the corporate finance department.

Filing and Contact Details

Filer

Filer Name
Fairview Foundation
EIN
41-1573810
Phone
6126727777
Address
2450 RIVERSIDE AVENUE, MINNEAPOLIS, MN 55454

Signing Officer

Name
John Swanholm
Title
President
Phone
6126726625
Signed
2021-09-15

Organization Details

Principal Officer
John Swanholm
Formed
1986
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
10

Preparer

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

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The fairview foundation's exempt purpose is to promote philanthropy within fairview, raise funds, build relationships, provide grants to programs and services that enhance the care of patients, improve the physical, emotional and spiritual health of the communities we serve and support the mission of fairview health services, a charitable organization exempt from income tax under section 501(c)(3) of the internal revenue code.

Form 990, Page 2, Part III, Line 3

Effective november 1, 2020, all fundraising activities for m health fairview transitioned from fairview foundation to the university of minnesota foundation to provide greater alignment in philanthropic efforts. Fairview foundation is in the process of spending down its non-endowed assets according to donor intent through 2023. Fairview foundation is still accepting donations for programs outside of the joint clinical enterprise, pledge payments and estate gifts established before the transition date.

Form 990, Page 2, Part III, Line 4A

In 2020, fairview foundation's program accomplishments included providing support for covid-19 related projects including providing nutritious meals for frontline caregivers and furloughed employees and operating support for community partners, capital improvements and expansions of facilities to better serve community needs, financial assistance for patients in crisis, community health outreach and a wide range of programs including grief support, spiritual care and non-reimbursable hospice services. The fairview foundation provided grants to fairview health services, a section 501(c)(3) corporation, to further the charitable purposes of fairview health services in the communities that we serve. Fairview foundation granted 7,801,595 in 2020. Grant activity included covid-19 related projects related to providing nutritious meals for frontline caregivers and furloughed employees and support for community partners; patient care programs and equipment; furnishings and facility renovations and expansions; assistance for patients in need and/or in crisis including for prescription medication; population and community health and wellness initiatives; hospice, grief and palliative care therapies; early literacy and pediatric programming; integrative therapies, including for frontline caregivers; spiritual care; disease management and health care innovations.

Financial Statement Notes

Schedule D, Page 3, Part X

Fairview recognizes all tax positions, including those positions in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities, when it is more likely than not (likelihood of greater than 50%) that, based on technical merits, the position will be sustained upon examination. There are no uncertain tax positions recorded on the consolidated balance sheets as of december 31, 2020 or 2019. Fairview has made reasonable estimates of the provision for income taxes and on existing deferred tax balances based on accounting guidance included in asc 740, income taxes. Fairview does not expect that there will be a significant change in the total amount of unrecognized tax benefits within the next 12 months.

Schedule D, Page 4, Part XIII

Schedule d, part v: on august 31, 2018, healtheast foundation was merged into fairview foundation. The amount on schedule d, part v, line 1a, columns a, b and c include the balances that were transferred into fairview foundation on september 1, 2018 from healtheast foundation and are now part of fairview foundation. Columns d and e reflect the amounts for fairview foundation only.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$1.89$12.7$1.11$3.61$2.50
2023Detailed filing. Detailed filing data is available for this year.$15.4$0.28$15.1$0.74$3.37$2.63
2022Detailed filing. Detailed filing data is available for this year.$18.1$0.95$17.2$1.98$4.89$2.90
2021Detailed filing. Detailed filing data is available for this year.$21.5$1.12$20.3$0.80$8.68$7.88
2020Detailed filing. Detailed filing data is available for this year.$36.8$8.26$28.5$5.96$8.42$2.46
2019Detailed filing. Detailed filing data is available for this year.$37.5$3.40$34.1$6.87$5.32$1.55
2018Detailed filing. Detailed filing data is available for this year.$32.7$4.03$28.7$8.73$4.80$3.94
2017Detailed filing. Detailed filing data is available for this year.$17.6$1.18$16.4$6.30$6.59$0.29
2016Detailed filing. Detailed filing data is available for this year.$16.0$0.80$15.2$6.21$5.53$0.68
2015Detailed filing. Detailed filing data is available for this year.$16.6$2.48$14.1$6.34$6.58$0.24
2014Detailed filing. Detailed filing data is available for this year.$18.1$3.64$14.4$8.11$10.3$2.17
2013Detailed filing. Detailed filing data is available for this year.$18.5$1.88$16.6$9.35$9.35$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$0.46$16.6$5.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$1.17$12.2$5.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$0.65$11.5$4.32