Nonprofit · EIN 45-3996122
GHR FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $59,037,151 | $45,397,622 | $13,639,529 | $1,139,152,221 | $56,817,593 | $1,082,334,628 |
| December 31, 2023 | 990-PF | $31,112,042 | $59,200,320 | -$28,088,278 | $1,058,745,763 | $63,989,229 | $994,756,534 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $3,673,102
- Net rental income
- $12,058,329
- Net gain from sales of assets
- $19,171,783
- Other income
- $22,033,027
Expenses
- Grants and similar amounts paid
- $29,817,416
- Compensation of officers, directors and key employees
- $1,197,064
- Salaries, compensation and benefits (total)
- $5,166,518
- Disbursements for charitable purposes
- $45,095,427
- Excise tax on investment income
- $1,042,488
Balance sheet and other
- Total assets, start of year
- $1,058,745,763
- Total assets, end of year
- $1,139,152,221
- Total liabilities, end of year
- $56,817,593
- Net assets, end of year
- $1,082,334,628
- Fair market value of assets
- $1,139,152,221
- Qualifying distributions
- $81,130,683
- Net investment income
- $93,296,128
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jason Matz C/O GHR Foundation 60 South 6th St, Ste 2950, Minneapolis, MN 55402 | Chief Investment Off Highest-paid employee | 40 | $1,207,091 | $66,414 |
| Bryan Bencomo C/O GHR Foundation 60 South 6th St, Ste 2950, Minneapolis, MN 55402 | Managing Director, I Highest-paid employee | 40 | $562,819 | $44,990 |
| Fred Miller 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Vice President | 40 | $457,037 | $34,500 |
| Suzanne Flannigan 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Chief Financial Officer & Treasurer | 40 | $412,406 | $66,414 |
| Amy R Goldman 60 South 6th St Ste 2950, Minneapolis, MN 55402 | President | 40 | $327,621 | $62,071 |
| Kerry Medek C/O GHR Foundation 60 South 6th St, Ste 2950, Minneapolis, MN 55402 | Managing Dir, Global Highest-paid employee | 40 | $313,063 | $64,496 |
| Ahmed Elsarhan C/O GHR Foundation 60 South 6th St, Ste 2950, Minneapolis, MN 55402 | Assoc. Director, Inv Highest-paid employee | 40 | $279,723 | $32,749 |
| Kristen Grubb C/O GHR Foundation 60 South 6th St, Ste 2950, Minneapolis, MN 55402 | Senior Director, Acc Highest-paid employee | 40 | $266,651 | $48,059 |
| Mark Rauenhorst 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Vice Chair | 1 | $0 | $0 |
| Tonya Allen 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Maria Carrillo 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Anne Deanovic 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Sr Carol Keehan 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Sarah Robinson 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Tim Welsh 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kristine R Widmer 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jason Matz C/O GHR Foundation 60 South 6th St, Ste 2950, Minneapolis, MN 55402 | Chief Investment Off Highest-paid employee | 40 | $925,082 | $57,295 |
| Bryan Bencomo C/O GHR Foundation 60 South 6th St, Ste 2950, Minneapolis, MN 55402 | Managing Director, I Highest-paid employee | 40 | $465,196 | $41,040 |
| Fred Miller 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Vice President | 40 | $414,564 | $33,000 |
| Suzanne Flannigan 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Chief Financial Officer & Treasurer | 40 | $373,950 | $52,997 |
| Amy R Goldman 60 South 6th St Ste 2950, Minneapolis, MN 55402 | President & Director | 40 | $305,232 | $53,176 |
| Kerry Medek C/O GHR Foundation 60 South 6th St, Ste 2950, Minneapolis, MN 55402 | Managing Dir, Global Highest-paid employee | 40 | $275,278 | $52,997 |
| Kristen Grubb C/O GHR Foundation 60 South 6th St, Ste 2950, Minneapolis, MN 55402 | Senior Director, Acc Highest-paid employee | 40 | $249,947 | $42,277 |
| Christopher Berger C/O GHR Foundation 60 South 6th St, Ste 2950, Minneapolis, MN 55402 | Director, Communicat Highest-paid employee | 40 | $210,601 | $47,420 |
| Amelia Corl 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Sec./Managing Dir. (1/1/23 - 2/3/23) | 40 | $21,782 | $6,387 |
| Mark Rauenhorst 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Vice Chair | 1 | $0 | $0 |
| Tonya Allen 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Maria Carrillo 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Anne Deanovic 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Sr Carol Keehan 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Sarah Robinson 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Tim Welsh 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Kristine R Widmer 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director | 1 | $0 | $0 |
| Peter Mahoney 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director (1/1/23 - 9/11/23) | 1 | $0 | $0 |
| Win Neuger 60 South 6th St Ste 2950, Minneapolis, MN 55402 | Director (1/1/23 - 6/28/23) | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 60 S 6TH ST STE 2950, MINNEAPOLIS, MN 55402-2535
- In care of
- % ADLER MANAGEMENT LLC
- Signed the 990-PF
- Suzanne Flannigan, CFO
- Phone
- (612) 440-2500
- Website
- www.ghrfoundation.org
- Return prepared by
- Eide Bailly LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 45-3996122
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $1,139,152,221
- Income (IRS master file)
- $81,842,766
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $59,037,151 | $45,397,622 | $1,139,152,221 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $31,112,042 | $59,200,320 | $1,058,745,763 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 45-3996122).
Questions about GHR FOUNDATION
- What is the EIN of GHR FOUNDATION?
- The employer identification number (EIN) of GHR FOUNDATION is 45-3996122.
- Is GHR FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to GHR FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GHR FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GHR 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 GHR FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of GHR FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 16 people; 8 received compensation from the organization, the highest $1,207,091 (Jason Matz, Chief Investment Off).
- How much revenue does GHR FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $59,037,151, expenses of $45,397,622 and total assets of $1,139,152,221 at year end.
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