MINNEAPOLIS HEART INSTITUTE FOUNDATION

MINNEAPOLIS, MN, 55407-1191 (612) 863-3833 Est. 1982 EIN 41-1426406
H43Z— Medical Research Form 990 501(c)(3)
WWW.MPLSHEART.ORG

Mission

THE MISSION OF THE MINNEAPOLIS HEART INSTITUTE FOUNDATION IS TO IMPROVE THE CARDIOVASCULAR HEALTH OF INDIVIDUALS AND COMMUNITIES THROUGH INNOVATIVE RESEARCH AND EDUCATION.

Giving Portfolio

Total Grants
6
Total Giving
$1.3M
Recipients
6
Years Active
2020 - 2024
Avg grant: $220,346 Median: $10,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20242$1.3M $643K11
20221$6K $6K10
20203$35K $12K30

Sectors Funded

Diseases & Disorders
3
Health Care
2
Medical Research
1

Top States

Texas
2
Arizona
1
Ohio
1
Illinois
1
Iowa
1

Grantee Size Profile

Over $50M
4
$1M - $5M
1

Top Grantees

Grants Awarded · 6 grants

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Financials

Total Revenue
$23,641,948
Total Expenses
$19,464,471
Net Assets
$63,848,221
143 employees 1,762 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
3.3 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 64.9%
Expenses ↑ 17.6%
Revenue Sources
Contributions 68.6% Earned revenue 27.9% Investment 5.7%
Expense Breakdown
Program 67.2% Management 20.2% Fundraising 12.6%

Officers & Trustees (44)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 Form 990$23,641,948 $19,464,471$63,848,221
2023 Form 990$14,336,467 $16,550,155$56,335,051
2022 Form 990$23,655,940 $14,808,254$56,125,104
2020 Form 990$19,174,876 $12,280,946$47,303,074
2019 Form 990$18,298,974 $12,146,321$37,658,217
2018 Form 990$12,319,262 $11,103,013$27,535,243

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EIN: 41-1426406 · Source: IRS Form 990 e-file data