MINNEAPOLIS HEART INSTITUTE FOUNDATION

MINNEAPOLIS, MN, 55407-1191 (612) 863-3833 Est. 1982 EIN 41-1426406
H43Z - Medical Research 990 - Public charity return 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
Illinois
1
Ohio
1
Iowa
1
Arizona
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 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$23,641,948 ↑$19,464,471$63,848,221
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$14,336,467 ↓$16,550,155$56,335,051
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$23,655,940 ↑$14,808,254$56,125,104
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$19,174,876 ↑$12,280,946$47,303,074
2019 990 - Public charity return
Jan 1, 2019 to Dec 31, 2019
$18,298,974 ↑$12,146,321$37,658,217
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$12,319,262 $11,103,013$27,535,243

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