CENTRACARE HEALTH FOUNDATION

SAINT CLOUD, MN, 56303-1900 (320) 251-2700 Est. 1996 EIN 41-1855173
E91— Health Care Form 990 501(c)(3)
www.centracare.com/foundation

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR RELIGIOUS, EDUCATIONAL AND CHARITABLE PURPOSES, AS CONTEMPLATED AND PERMITTED BY SECTIONS 170(C)(2) AND 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. WITHIN THE FRAMEWORK OF THE FOREGOING, THE PURPOSE FOR WHICH THE CORPORATION IS FORMED, AND THE BUSINESS AND THE OBJECTS TO BE CARRIED ON BY IT, IS TO PROVIDE A MEANS OF IMPROVING THE HEALTH OF THE COMMUNITIES SERVED BY CENTRACARE, PRINCIPALLY AS FOLLOWS: (A) ENGAGING IN ACTIVITIES TO PROMOTE THE GENERAL HEALTH OF ALL MEMBERS OF THE COMMUNITY AND IMPROVE THE DELIVERY OF HEALTH CARE SERVICES. (B) PROMOTING AND FURTHERING THE PROVISION OF HEALTH AND MEDICAL CARE SERVICES TO INDIVIDUALS WITH LIMITED OR NO FINANCIAL ABILITY TO PAY FOR SUCH SERVICES. (C) PROMOTING HEALTH EDUCATION. (D) PROMOTING MEDICAL AND ALLIED HEALTH EDUCATION. (E) SOLICITING GIFTS FROM PRIVATE AND PUBLIC.

Giving Portfolio

Total Grants
64
Total Giving
$33.0M
Recipients
64
Years Active
2017 - 2023
Avg grant: $528,560 Median: $130,796

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20238$5.6M $704K44
20226$3.4M $569K06
202110$3.3M $329K19
202010$4.5M $453K19
201911$6.9M $631K110
201719$9.2M $485K190

Sectors Funded

Health Care
35
Diseases & Disorders
2
Community Improvement
1
Crime & Legal-Related
1
Recreation & Sports
1

Top States

Minnesota
60
Wisconsin
2
Georgia
1
New York
1

Grantee Size Profile

Over $50M
26
$10M - $50M
14
$1M - $5M
1
$100K - $500K
1

Top Grantees

Page 1 of 3
MN - 6 grants
$16.1M
$6.7M
ST BENEDICT'S SENIOR COMMUNITY
MN - 4 grants
$2.5M
MN - 6 grants
$2.1M
CENTRACARE HEALTH - MONTICELLO
MN - 4 grants
$897K
CENTRACARE HEALTH - PAYNESVILLE
MN - 4 grants
$298K

Grants Awarded · 42 grants

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Financials

Total Revenue
$23,601,751
Total Expenses
$9,121,527
Net Assets
$83,684,906
150 volunteers
From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve
9.2 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 102.3%
Expenses ↑ 38.4%
Revenue Sources
Contributions 40.1% Investment 59.6%
Expense Breakdown
Program 70.2% Management 13.8% Fundraising 16.0%

Officers & Trustees (43)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2023 Form 990
Jul 1, 2023 to Jun 30, 2024
$23,601,751 $9,121,527$83,684,906
2022 Form 990
Jul 1, 2022 to Jun 30, 2023
$11,665,508 $6,588,836$78,182,331
2021 Form 990
Jul 1, 2021 to Jun 30, 2022
$13,885,888 $5,841,569$71,654,303
2020 Form 990
Jul 1, 2020 to Jun 30, 2021
$11,826,452 $7,725,543$60,272,383
2019 Form 990
Jul 1, 2019 to Jun 30, 2020
$6,428,812 $10,034,128$46,906,729
2017 Form 990
Jul 1, 2017 to Jun 30, 2018
$12,745,242 $14,176,390$56,312,093

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EIN: 41-1855173 · Source: IRS Form 990 e-file data