Nonprofit · EIN 23-7346465
PARK NICOLLET FOUNDATION
Tax-exempt · ST LOUIS PARK, MN 55426
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,093,769 | $2,126,141 | $5,967,628 | $85,668,447 | $1,935,477 | $83,732,970 |
| December 31, 2023 | 990 | $10,554,377 | $2,625,493 | $7,928,884 | $80,536,439 | $5,337,055 | $75,199,384 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,713,131
- Program service revenue
- $0
- Investment income
- $2,368,199
- Net income from fundraising events
- $12,439
- Other revenue
- $12,439
Expenses
- Grants and similar amounts paid
- $2,126,141
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,126,141
Balance sheet and other
- Total assets, start of year
- $80,536,439
- Total assets, end of year
- $85,668,447
- Total liabilities, end of year
- $1,935,477
- Net assets, end of year
- $83,732,970
- Publicly traded securities
- $57,641,955
- Net assets without donor restrictions
- $14,943,429
- Net assets with donor restrictions
- $68,789,541
- Gross receipts
- $8,143,373
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1959
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NANCY L EVERT | ASST SECRETARY & GEN COUNSEL Officer | 0.5 | $0 | $830,206 | $248,257 |
| ALITA RISINGER | CFO Officer | 0.5 | $0 | $725,287 | $155,052 |
| JENNIFER L MYSTER | DIRECTOR Trustee or director | 0.5 | $0 | $674,000 | $145,186 |
| HEIDI CONRAD | FORMER CFO Former | 0 | $0 | $704,622 | $61,676 |
| PAHOUA Y HOFFMAN | DIRECTOR Trustee or director | 0.5 | $0 | $452,315 | $112,677 |
| ANDREA D SINGH MD | DIRECTOR Trustee or director | 0.5 | $0 | $385,478 | $58,366 |
| MARTHA A NANCE MD | DIRECTOR Trustee or director | 1 | $0 | $269,264 | $40,751 |
| HAYLEY MUELLER | DIRECTOR & EXEC DIRECTOR Trustee or director, Officer | 5 | $0 | $260,932 | $33,101 |
| JOAN SANDSTROM | DIRECTOR Trustee or director | 0.5 | $0 | $189,462 | $28,937 |
| DEBORAH A THORP MD | DIRECTOR Trustee or director | 0.5 | $0 | $161,627 | $16,689 |
| TRACI RUTZICK | DIRECTOR & SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| SARAH SANDHU | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ROB SHINER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| NANCY GELLE | DIRECTOR & CHAIR Trustee or director, Officer | 1.25 | $0 | $0 | $0 |
| SANDRA JOHNSON | DIRECTOR Trustee or director | 1.1 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE SPURLING | DIRECTOR & VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| HILAL IBRAHIM | DIRECTOR Trustee or director | 0.5 | $0 |
| SHERIFF AHMED | DIRECTOR Trustee or director | 0.6 | $0 |
| JERRY TIMIAN | DIRECTOR & TREASURER Trustee or director, Officer | 0.5 | $0 |
| ERIK MEYER | DIRECTOR Trustee or director | 0.5 | $0 |
| BILL SECORD | DIRECTOR Trustee or director | 0.5 | $0 |
| SUSAN HOLMAN | DIRECTOR Trustee or director | 0.4 | $0 |
| KIM CASSENS | DIRECTOR & CHAIR (JAN-NOV) Trustee or director, Officer | 1.6 | $0 |
| SCOTT THOMAS | DIRECTOR (JAN-FEB) Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JENNIFER L MYSTER | DIRECTOR Trustee or director | 0.5 | $0 | $657,914 | $140,179 |
| ALITA RISINGER | CFO Officer | 0.5 | $0 | $574,234 | $112,052 |
| PAHOUA Y HOFFMAN | DIRECTOR Trustee or director | 0.5 | $0 | $427,857 | $105,197 |
| ANDREA D SINGH MD | DIRECTOR Trustee or director | 1 | $0 | $360,317 | $55,199 |
| DEBORAH A THORP MD | DIRECTOR Trustee or director | 0.5 | $0 | $279,159 | $46,625 |
| MARTHA A NANCE MD | DIRECTOR Trustee or director | 1 | $0 | $276,902 | $40,618 |
| HEIDI CONRAD | FORMER CFO Former | 0 | $0 | $179,908 | $46,240 |
| HAYLEY MUELLER | DIRECTOR & EXEC DIRECTOR Trustee or director, Officer | 45 | $0 | $142,445 | $15,774 |
| TRACI RUTZICK | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KIM CASSENS | DIRECTOR & CHAIR Trustee or director, Officer | 1.6 | $0 | $0 | $0 |
| SARAH SANDHU | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ROB SHINER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SCOTT THOMAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| NANCY GELLE | DIRECTOR & SECRETARY Trustee or director, Officer | 0.7 | $0 | $0 | $0 |
| SANDRA JOHNSON | DIRECTOR Trustee or director | 1.1 | $0 | $0 | $0 |
| MIKE SPURLING | DIRECTOR & VICE CHAIR Trustee or director, Officer | 0.9 | $0 | $0 | $0 |
| HILAL IBRAHIM | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SHERIFF AHMED | DIRECTOR Trustee or director | 0.9 | $0 | $0 | $0 |
| JERRY TIMIAN | DIRECTOR & TREASURER Trustee or director, Officer | 0.8 | $0 | $0 | $0 |
| ERIK MEYER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BILL SECORD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ANAB GULAID | DIRECTOR (JAN-MAR) Trustee or director | 0.5 | $0 | $0 | $0 |
| ALENA JOHNSON | DIRECTOR (JAN-JUN) Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6500 EXCELSIOR BLVD, ST LOUIS PARK, MN 55426-4702
- In care of
- % CATHERINE LENAGH
- Principal officer (990 for 2024)
- ALITA R RISINGER, 6500 EXCELSIOR BOULVARD, ST LOUIS PARK, MN 55426
- Signed the 990
- ALITA R RISINGER, CFO
- Phone
- (952) 883-5613
- Website
- WWW.PARKNICOLLET.COM
- Return prepared by
- KPMG LLP
Mission
PARK NICOLLET FOUNDATION'S MISSION IS TO IMPROVE THE HEALTH AND WELL-BEING OF OUR PATIENTS, FAMILIES AND COMMUNITY THROUGH PARTNERSHIPS AND PHILANTHROPY.
Program accomplishments
- SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTSExpenses $2,126,141 · grants $2,126,141
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7346465
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $85,668,447
- Income (IRS master file)
- $8,143,373
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,093,769 | $2,126,141 | $85,668,447 | IRS |
| 990 | December 2023 | $10,554,377 | $2,625,493 | $80,536,439 | XML |
| 990 | December 2022 | $4,305,922 | $3,141,618 | $66,832,705 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7346465).
Questions about PARK NICOLLET FOUNDATION
- What is the EIN of PARK NICOLLET FOUNDATION?
- The employer identification number (EIN) of PARK NICOLLET FOUNDATION is 23-7346465.
- Is PARK NICOLLET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to PARK NICOLLET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARK NICOLLET FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PARK NICOLLET FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARK NICOLLET FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PARK NICOLLET FOUNDATION?
- The 990 for the year ended December 31, 2024 names ALITA R RISINGER.
- Who are the officers and directors of PARK NICOLLET FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 24 people; 0 received compensation from the organization.
- How much revenue does PARK NICOLLET FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,093,769, expenses of $2,126,141 and total assets of $85,668,447 at year end.
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