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Minnesota · Nonprofit

NORTH MEMORIAL FOUNDATION

NORTH MEMORIAL FOUNDATION (Minnesota) receives grants from 25 organizations whose IRS filings report $945,170 to it, the largest being PADDOCK FOUNDATION ($347,000). 15 of them have funded it in more than one year.

Revenue FY2024
$1.6M
Funders on record
25
Grants received
$945k
Net assets
$14M
15/25 repeat funderspeak grant-dependency 11%
01What it does

What North Memorial Foundation does

Mission

To support north memorial health care and its commitment to changing and saving lives. Through philanthropy, our donors assist in giving our patients and their families compassionate, remarkable care.

As stated on its FY2024 Form 990.

Programs

  1. The foundation supports other programs and initiatives throughout the organization as identified by donors and foundation leadership. These funds support a wide array of projects, from technology upgrades to new care programs, team-member education to facility enhancements.

    $836,028 spentof which $840,918 as grants
    58% of program spending
  2. North memorial health's hospice team provides end of life care, as well as grief support services for their families and loved ones. Foundation support provided complementary services such as massage therapy and animal therapy grief to help individuals cope with their diagnosis, manage pain/discomfort and prepare for the end of their lives. Additionally, funds supported grief activities and care items such as sensory baskets, support groups and seasonal memory packages.

    $279,207 spent
    19% of program spending
  3. The nicu team provides care for critically ill or premature babies in the neonatal intensive care unit (nicu). Foundation assistance offers support services and complementary therapies for babies and their families that include bonding opportunities, milestone celebrations, and music therapy. Additionally, funds offer families opportunities for fellowship, sharing essential resources, and resilience.

    $198,426 spent
    14% of program spending
  4. Maple grove hospital's family birth center is the largest in the state of minnesota by number of births. Foundation support provides access to essential equipment and support items for families. Purchase of equipment such as hemorrhage care carts and renovation of triage space ensures mothers and babies receive the right level of care at the correct moment they need it.

    $133,680 spent
    9% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,447,341.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($834k) Expenses 100 ($428k) Net assets 100 ($8.9M)2018 Revenue 123 ($1.0M) Expenses 158 ($677k) Net assets 95 ($8.4M)2019 Revenue 191 ($1.6M) Expenses 248 ($1.1M) Net assets 116 ($10M)2020 Revenue 220 ($1.8M) Expenses 251 ($1.1M) Net assets 139 ($12M)2021 Revenue 163 ($1.4M) Expenses 156 ($668k) Net assets 161 ($14M)2022 Revenue 176 ($1.5M) Expenses 528 ($2.3M) Net assets 122 ($11M)2023 Revenue 217 ($1.8M) Expenses 273 ($1.2M) Net assets 147 ($13M)2024 Revenue 194 ($1.6M) Expenses 357 ($1.5M) Net assets 155 ($14M)
'17'18'19'20'21'22'23'24
Revenue (194)Expenses (357)Net assets (155)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $14M to $11M (−24%).

$8.9M
$8.4M
$11M
$12M
$14M
$11M
$13M
$14M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

46% of NORTH MEMORIAL FOUNDATION’s revenue is contributions — about as donation-reliant as the typical peer (71% for the typical peer).

This organization
Typical peer · 634 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.

$406k
’17
$353k
’18
$535k
’19
$758k
’20
$695k
’21
−$788k
’22
$640k
’23
$94k
’24
3.1
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Jandeen Boone

Board chair

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed1517171616151612
Joined·+3+0+2+0+1+3+2
No longer listed·1030226
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 5 funders to 10 funders, grant income rose $42k → $147k.

8 of 25 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 35% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $137k from 2 payers (the payer shares this organization's board, largest Law Foundation Inc). These are real filings, and they are not money NORTH MEMORIAL FOUNDATION raised.

From the IRS filings of NORTH MEMORIAL FOUNDATION’s funders (the co-funder graph). Top 24 of 25 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

NORTH MEMORIAL FOUNDATION has a broad base — no single funder exceeds 37% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

37% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NORTH MEMORIAL FOUNDATION.

37%
largest funder
59%
top three
~6
effective funders

Largest funder’s share by year: 2017 28% · 2018 56% · 2019 34% · 2020 40% · 2021 37% · 2022 36% · 2023 41% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

41% of NORTH MEMORIAL FOUNDATION's funders are still giving 3 years after their first grant; 60% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

96% of NORTH MEMORIAL FOUNDATION's grant income comes from Minnesota funders.

MN
MA
PA
DE

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $333k arriving through sponsors registered in 8 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

NORTH MEMORIAL FOUNDATION runs a healthier operating margin than half of the 612 unclassified nonprofits its size.

Operating margin6% · above the median
Months of reserve3.1mo · below the median
Revenue growth (annualized)10% · above the median

this organization peer median middle 50% of peers· 612 unclassified nonprofits $1M–$10M, FY2024

Organizations like NORTH MEMORIAL FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

95% of spending goes to programs.

Program 95%Management 5%Fundraising 0%

Governance

10
board members
80%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

66%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 2 states

MN
WI

Part of a family of 9 related entities

  • North Memorial Health Care · exempt
  • Associated Health Assurance · exempt
  • Maple Grove Hospital Corporation · exempt
  • North Memorial Ambulatory Surgery Center at Maple Grove LLC · partnership
  • Minnesota Diagnostic Imaging Partners LLC · partnership

Screen this organization

A dated, signed PDF of the compliance screen for NORTH MEMORIAL FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds NORTH MEMORIAL FOUNDATION?
NORTH MEMORIAL FOUNDATION (Minnesota) receives grants from 25 organizations whose IRS filings report $945,170 to it, the largest being PADDOCK FOUNDATION ($347,000). 15 of them have funded it in more than one year.
How many funders does NORTH MEMORIAL FOUNDATION have?
IRS filings report 25 organizations giving $945,170 in grants to NORTH MEMORIAL FOUNDATION, 15 of which have funded it in more than one year.
Who is the largest funder of NORTH MEMORIAL FOUNDATION?
PADDOCK FOUNDATION is the largest funder on record, with $347,000 in grants. The full list of funders is on this page.
How can an organization like NORTH MEMORIAL FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 25 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing