Civic Intelligence

Ucare Foundation

990 • Fiscal year 2016 • EIN 46-4795214

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 02, 2017

500 Stinson Blvd NEMinneapolis, MN 55413

(612) 676-6500

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

1st percentile

-1166%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

99th percentile

$926,882

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 809.1% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

5th percentile

-25%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

41%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$3,188,534

Down $1,036,091 (-25%) from 2015

Net Assets

Down

$3,188,076

Down $1,036,549 (-25%) from 2015

Liabilities

Up

$458

Up $458 from 2015

Revenue

Up

$114,553

Up $33,327 (+41%) from 2015

Expenses

Up

$1,449,729

Up $670,309 (+86%) from 2015

Net Income

Down

-$1,335,176

Down $636,982 (-91%) from 2015

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2014: $5,266,624Liabilities 2014: $0Net Assets 2014: $5,266,6242014Assets 2015: $4,224,625Liabilities 2015: $0Net Assets 2015: $4,224,6252015Assets 2016: $3,188,534Liabilities 2016: $458Net Assets 2016: $3,188,0762016Assets 2017: $4,444,171Liabilities 2017: $422Net Assets 2017: $4,443,7492017Assets 2018: $4,476,047Liabilities 2018: $448Net Assets 2018: $4,475,5992018Assets 2019: $3,760,141Liabilities 2019: $525Net Assets 2019: $3,759,6162019Assets 2020: $3,890,851Liabilities 2020: $192,151Net Assets 2020: $3,698,7002020Assets 2021: $4,893,006Liabilities 2021: $475Net Assets 2021: $4,892,5312021Assets 2022: $31,577,169Liabilities 2022: $152,251Net Assets 2022: $31,424,9182022Assets 2023: $60,706,857Liabilities 2023: $50,000,502Net Assets 2023: $10,706,3552023Assets 2024: $35,239,661Liabilities 2024: $25,140,405Net Assets 2024: $10,099,2562024

Highlighted filing

2016

Assets$3,188,534
Liabilities$458
Net Assets$3,188,076

Operations Trend

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

$150M$100M$50M$0-$50MRevenue 2014: $6,589,886Expenses 2014: $1,341,601Net Income 2014: $5,248,2852014Revenue 2015: $81,226Expenses 2015: $779,420Net Income 2015: -$698,1942015Revenue 2016: $114,553Expenses 2016: $1,449,729Net Income 2016: -$1,335,1762016Revenue 2017: $1,160,311Expenses 2017: $165,082Net Income 2017: $995,2292017Revenue 2018: $745,931Expenses 2018: $395,170Net Income 2018: $350,7612018Revenue 2019: $518,349Expenses 2019: $1,479,827Net Income 2019: -$961,4782019Revenue 2020: $1,199,594Expenses 2020: $1,380,721Net Income 2020: -$181,1272020Revenue 2021: $2,352,143Expenses 2021: $1,285,735Net Income 2021: $1,066,4082021Revenue 2022: $28,310,440Expenses 2022: $1,201,042Net Income 2022: $27,109,3982022Revenue 2023: $82,513,197Expenses 2023: $103,349,566Net Income 2023: -$20,836,3692023Revenue 2024: $3,165,090Expenses 2024: $3,813,431Net Income 2024: -$648,3412024

Highlighted filing

2016

Revenue$114,553
Expenses$1,449,729
Net Income-$1,335,176
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 2, 2017
Return Version
2016v3.0
Gross Receipts
$611,475
Mission and Program Overview

Mission

The ucare foundation is a community-directed initiative of ucare minnesota. The focus is grant-making to programs and initiatives that improve the health of underserved populations in the twin cities and throughout minnesota and western wisconsin.

Grant making to improve the health of under-served populations in Minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,156,195$2,957,899▼ $198,296
Savings and Temporary Cash Investments$1,054,575$171,051▼ $883,524
Cash and Non-Interest-Bearing Accounts$13,855$59,584▲ $45,729
Total Assets$4,224,625$3,188,534▼ $1,036,091
Liabilities
Accounts Payable and Accrued Expenses-$458-
Total Liabilities$0$458▲ $458
Net Assets / Fund Balance
Unrestricted Net Assets$4,224,625$3,188,076▼ $1,036,549
Total Net Assets Fund Balance$4,224,625$3,188,076▼ $1,036,549
Total Liabilities and Net Assets / Fund Balance$4,224,625$3,188,534▼ $1,036,091
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bert McKasyDirector$12,466$12,466
P Jay KiedrowskiDirector$11,407$11,407
James MillerDirector$9,164$9,164
John GrossDirector$8,501$8,501
Lance TeachworthDirector$7,075$7,075
Sharon ShonkaFormer Director Aug-16$6,198$6,198
Mirella Ceja-OrozcoDirector$4,008$4,008
Charity BennettDirector$3,393$3,393

Board Members and Trustees

NameTitle
Macaran Baird MDBoard Chair
James Eppel JrPresident & Chief Executive Officer
James Van Vooren MDVice Chair
Catherine GodlewskiDirector
Michael Wootten MDDirector
Patricia Adam MDDirector
Peter MitschDirector
Teresa McCarthy MDDirector
William Roberts MDDirector
Lawrence Lee MDChief Medical Officer
Russel KuzelChief Medical Officer Thru Mar-16
Mark TraynorSecretary/SVP & General Counsel
Hilary Marden-ResnikSVP & Chief Administrative Officer
Ghitann WorcesterSVP Public Affairs & Development
Beth MonsrudTreasurer/SVP & CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$114,553
Other Revenue
$0
Change in Net Assets
$-1,335,176
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,444,051
Other Expenses$5,678
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,444,051--$1,444,051
Office Expenses$5,678--$5,678
Total Functional Expenses$1,449,729$0$0$1,449,729
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of MinnesotaMinneapolis, MNUniv of MinnesotaSupport for Medical Education$1,000,000
Lutheran Social ServiceSt Paul, MN501(c)3Senior companion program for isolated seniors$131,051
Amherst H Wilder FoundationSt Paul, MN501(c)3Funding a grocery store on wheels that addresses food access and affordability in low-income neighborhoods and food deserts.$90,000
Southern Minnesota Regional Legal Services IncSt Paul, MN501(c)3Metro area legal services for seniors including day programs.$75,000
Southern Minnesota Regional Legal Services IncSt Paul, MN501(c)3Provide Regional Will Clinics to the low income senior population in southern Minnesota.$50,000
The Loppet Foundation IncMinneapolis, MN501(c)3Programs to reduce health and opportunity disparities for North Minneapolis youth by getting them outdoors and active.$43,000
Somali Community Resettlement Services IncRochester, MN501(c)3Assist new Somalia refugees secure basic needs and resources and to acclimate to a new way of life.$25,000
Somali Community Resettlement Services IncRochester, MN501(c)3Continuation-Assist new Somalia refugees secure basic needs and resources and to acclimate to a new way of life.$25,000
Wilderness Inquiry IncMinneapolis, MN501(c)3Support for people with disabilities to find common ground through inclusive outdoor adventures.$5,000
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

UCare Foundation has an administrative service agreement with UCare Minnesota to provide overall management and administration of UCare Foundation's business. UCare Foundation's business, includes but is not limited to, accounting, investment management, and grant administration services. For the year ended December 31, 2016, UCare Minnesota provided these services to UCare Foundation as a donation of their time and talent. The value of these services aren't reflected as non-cash contributions on Part VIII, Line 1 as the IRS doesn't allow for the reporting of donated services in the Form 990.

Form 990, Part VI, Section A, line 6

The sole member of this corporation is UCare Minnesota, a Minnesota nonprofit corporation.

Form 990, Part VI, Section A, line 7A

The sole corporate member of UCare Foundation is UCare Minnesota which elects the directors for the UCare Foundation.

Form 990, Part VI, Section A, line 7B

The following rights are reserved to the power of the Member of the organization: (1) the number of Board of Directors, (2) the terms of each Board member, (3) any elected or appointed Director may be removed from office with or without case by the Member, (4) vacancies in the Board of Directors shall be filled by the Member, (5) appoint an Executive Committee, (6) appoint a Finance and Audit Committee, (7) appoint individuals to serve as the UCare Foundation Council.

Form 990, Part VI, Section B, line 11B

The form 990 is prepared by the controller and reviewed by an independent accounting firm. UCare Foundation provides a copy and reviews the details of the completed 990 Form with the Board's Finance and Audit Committee. UCare Foundation also provides a copy of the completed 990 Form to all members of the Board of Directors via email, and the Board's on-line portal prior to the Finance and Audit Committee's report to the Board. Upon approval by the Board of Directors, the 990 Form is filed with the Internal Revenue Service.

Form 990, Part VI, Section B, line 12C

UCare Foundation requires completion of an annual questionnaire by its Board members, Officers, and Senior Executives, which is designed to surface potential conflicts of interest. In addition, UCare's policy requires disclosure to the Board Chair and/or CEO of a potential conflict involving a Director, Officer, or Management staff when a particular transaction arises. If the Board or designated Board Committee determines that a potential conflict exists related to a transaction requiring action by the Board, the policy calls for the Board member with the potential conflict to abstain from voting and for a majority of the disinterested Directors to find that the transaction is fair and reasonable to the operation, and that the organization could not reasonably find a more advantageous transaction from another entity without a potential conflict. The policy requires disclosure of potential conflicts to the Board to designated committee even for transactions not requiring board action.

Form 990, Part VI, Section C, line 18

UCare Foundation's 990 Form is available on www.guidestar.org in addition to being made available upon request.

Form 990, Part VI, Section C, line 19

UCare Foundation's governing documents, Conflict of Interest Policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
UCare Foundation
EIN
46-4795214
Phone
6126766500
Address
500 Stinson Blvd NE, Minneapolis, MN 55413

Signing Officer

Name
Beth Monsrud
Title
Treasurer/SVP & CFO
Phone
6126766500
Signed
2017-11-02

Organization Details

Principal Officer
Mark W Traynor
Formed
2014
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
7
Employees
0
Volunteers
0
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

UCare has elected to adopt guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. UCare follows the accounting standard for contingencies for evaluating uncertain tax positions. The adoption of this standard has no effect on UCare's Financial Statements. UCare's tax returns are subject to review and examination by federal, state and local authorities.

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IRS990/Form990PartVIISectionAGrp/PersonNm1James Van Vooren MD
IRS990/Form990PartVIISectionAGrp/PersonNm2Patricia Adam MD
IRS990/Form990PartVIISectionAGrp/PersonNm3Charity Bennett
IRS990/Form990PartVIISectionAGrp/PersonNm4Mirella Ceja-Orozco
IRS990/Form990PartVIISectionAGrp/PersonNm5Catherine Godlewski
IRS990/Form990PartVIISectionAGrp/PersonNm6John Gross
IRS990/Form990PartVIISectionAGrp/PersonNm7P Jay Kiedrowski
IRS990/Form990PartVIISectionAGrp/PersonNm8Teresa McCarthy MD
IRS990/Form990PartVIISectionAGrp/PersonNm9Bert McKasy
IRS990/Form990PartVIISectionAGrp/PersonNm10James Miller
IRS990/Form990PartVIISectionAGrp/PersonNm11Peter Mitsch
IRS990/Form990PartVIISectionAGrp/PersonNm12William Roberts MD
IRS990/Form990PartVIISectionAGrp/PersonNm13Sharon Shonka
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Former Director Aug-16
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16President & Chief Executive Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Secretary/SVP & General Counsel
IRS990/Form990PartVIISectionAGrp/TitleTxt18Treasurer/SVP & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt19Chief Medical Officer Thru Mar-16
IRS990/Form990PartVIISectionAGrp/TitleTxt20SVP & Chief Administrative Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt21SVP Public Affairs & Development
IRS990/Form990PartVIISectionAGrp/TitleTxt22Chief Medical Officer
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IRS990/MissionDesc0The UCare Foundation is a community-directed initiative of UCare. The focus is grant-making to programs and initiatives that improve the health of underserved populations in the Twin Cities and throughout Minnesota and western Wisconsin.
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IRS990/PrincipalOfficerNm0Mark W Traynor
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UCare Minnesota
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UCare has elected to adopt guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. UCare follows the accounting standard for contingencies for evaluating uncertain tax positions. The adoption of this standard has no effect on UCare's Financial Statements. UCare's tax returns are subject to review and examination by federal, state and local authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(c)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc7Univ of Minnesota
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(c)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Funding a grocery store on wheels that addresses food access and affordability in low-income neighborhoods and food deserts.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Senior companion program for isolated seniors
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Assist new Somalia refugees secure basic needs and resources and to acclimate to a new way of life.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Continuation-Assist new Somalia refugees secure basic needs and resources and to acclimate to a new way of life.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Provide Regional Will Clinics to the low income senior population in southern Minnesota.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Metro area legal services for seniors including day programs.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Programs to reduce health and opportunity disparities for North Minneapolis youth by getting them outdoors and active.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Support for Medical Education

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