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Nonprofit · EIN 41-1769025

MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION

Tax-exempt · SAINT PAUL, MN 55103

Financials

$1.1M$13K2023$910K$171K2024
Revenue Expenses · by fiscal year end
Financials of MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$909,591$170,568$739,023$4,762,329$143,618$4,618,711
December 31, 2023990$1,140,536$12,729$1,127,807$3,875,298$7,260$3,868,038
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$750,000
Program service revenue
$0
Investment income
$159,591
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$134,008
Management and general (functional)
$36,560

Balance sheet and other

Total assets, start of year
$3,875,298
Total assets, end of year
$4,762,329
Total liabilities, end of year
$143,618
Net assets, end of year
$4,618,711
Publicly traded securities
$3,010,018
Net assets without donor restrictions
$4,618,711
Gross receipts
$909,591
Employees
0
Volunteers
8
Year formed
1993
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
RAHUL KORANNEPRESIDENT/CEO
Trustee or director, Officer
1$0$1,038,079$197,949
AMANDA SIMPSONASSOCIATE VICE PRESIDENT
Trustee or director
1$0$164,024$17,929
STEVEN UNDERDAHLAT-LARGE DIRECTOR
Trustee or director, Officer
0.5$0$0$0
JAMES HEREFORDIMMEDIATE PAST CHAIR
Trustee or director, Officer
0.5$0$0$0
RACHELLE SCHULTZCHAIR
Trustee or director, Officer
0.5$0$0$0
DAVID HERMANCHAIR-ELECT
Trustee or director
0.5$0$0$0
GREG RUBERGSECRETARY/TREASURER
Trustee or director
0.5$0$0$0
DAVID SLOWINSKESTANDING DIRECTOR
Trustee or director
0.5$0$0$0
HALENA GAZELKASTANDING DIRECTOR
Trustee or director
0.5$0$0$0
PATTI BANKSAT-LARGE DIRECTOR
Trustee or director
0.5$0$0$0
DOMINICA TALLERICOSTANDING DIRECTOR
Trustee or director
0.5$0$0$0
JAMES WATSONSTANDING DIRECTOR
Trustee or director
0.5$0$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RAHUL KORANNEPRESIDENT/CEO
Trustee or director, Officer
1$0$893,647$34,530
STEVEN UNDERDAHLCHAIR
Trustee or director, Officer
0.5$0$0$0
JAMES HEREFORDCHAIR ELECT
Trustee or director, Officer
0.5$0$0$0
RACHELLE SCHULTZSECRETARY/TREASURER
Trustee or director, Officer
0.5$0$0$0
DAN OLSONEX-OFFICIO DIRECTOR
Trustee or director
0.5$0$0$0
DAVID HERMANSTANDING DIRECTOR
Trustee or director
0.7$0$0$0
SARA CRIGERSTANDING DIRECTOR
Trustee or director
0.5$0$0$0
KEVIN CROSTONSTANDING DIRECTOR
Trustee or director
0.5$0$0$0
GREG RUBERGREGIONAL DIRECTOR
Trustee or director
0.5$0$0$0
DAVID SLOWINSKESTANDING DIRECTOR
Trustee or director
0.5$0$0$0
HALENA GAZELKASTANDING DIRECTOR
Trustee or director
0.5$0$0$0
PATTI BANKSSTANDING DIRECTOR
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
161 RONDO AVE STE 1010, SAINT PAUL, MN 55103-2308
Principal officer (990 for 2024)
RAHUL KORANNE, 161 RONDO AVENUE 1010, ST PAUL, MN 55103
Signed the 990
RAHUL KORANNE, PRESIDENT & CHIEF EXECUTIVE OFFICER
Phone
(651) 641-1121
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

THE MINNESOTA HOSPITAL FOUNDATION WORKS ON STRATEGIES THAT INCLUDE DATA-LED QUALITY AND SAFETY IMPROVEMENT, EDUCATION, RESEARCH, TRAINING AND LEADERSHIP TO IMPROVE THE HEALTH OF MINNESOTANS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE MINNESOTA HOSPITAL FOUNDATION CONTINUES TO EXIST TO IMPLEMENT RESEARCH AND ANALYSIS OPPORTUNITIES THAT WOULD IMPROVE HEALTH CARE BY MAKING IT MORE AFFORDABLE, INCREASING ITS ACCESSIBILITY TO THE PEOPLE OF MINNESOTA, OR IMPROVING THE QUALITY OF PATIENT CARE.
    Expenses $134,008

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1769025
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,762,329
Income (IRS master file)
$909,591

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$909,591$170,568$4,762,329IRS
990December 2023$1,140,536$12,729$3,875,298XML
990December 2022$158,383$9,760$2,764,800IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––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 41-1769025).

Questions about MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION

What is the EIN of MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION?
The employer identification number (EIN) of MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION is 41-1769025.
Is MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does MINNESOTA HOSPITAL AND HEALTHCARE 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 MINNESOTA HOSPITAL AND HEALTHCARE 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 MINNESOTA HOSPITAL AND HEALTHCARE 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 MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION?
The 990 for the year ended December 31, 2024 names RAHUL KORANNE.
Who are the officers and directors of MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does MINNESOTA HOSPITAL AND HEALTHCARE FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $909,591, expenses of $170,568 and total assets of $4,762,329 at year end.

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