Courage Kenny Foundation FY2020 filing

Minneapolis, MNUnknown exempt organizationEIN 41-1952989Revenue $9.1M in FY2020

On file with the IRSallinahealth.org/giveP O Box 43 Internal Zip 10890 · Minneapolis, MN

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To raise funds and engage the community to support health and independence for those with functional limitations through Courage Kenny rehab's comprehensive continuum of transformative services, research and innovation, and public advocacy. With the foundation's support, the continuum enriches lives and provides a level of care above and beyond the core medical services provided by allina health.

61¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $1.1M a year · 18% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 21 voting members
Looks good: 19 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.1M
Spent
$8.1M
To programs
61%
Net assets
$37.1M
By yearFY2020–FY2022
Revenue
$9.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$9.1M
FY2021$9.0M
FY2022$1.3M
Expenses
$8.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8.1M
FY2021$6.3M
FY2022$1.6M
Net assets
$37.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$37.1M
FY2021$41.7M
FY2022$0

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $5.0M Management & general 25% · $2.0M Fundraising 14% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director/President
$0Pt VII · Sec A
Director/President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Courage Kenny Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds and community engagement support health and independence for those with functional limitations.

Provided by the organization

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3 programs · $5.0M · in their own filed words · FY2020
01

Funds for programs, services, and capital improvements were approved to enhance the components of courage kenny rehabilitation institute's rehabilitative program: optimizing physical function, maximizing abilities of daily living and lessening disadvantages people may face in social roles.

$4.8Mprogram expense
02

Donation of assistive devices to be used with the patients of courage kenny rehabilitation institute.

$67Kprogram expense
03

Grants to others in the amount of $57,834 was paid to seven 501(c)(3) organizations.

$58Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$10K
Grants paid · 14 grants · $10.8M · 2020–2022
Allina Health SystemMN · FY2022$1,125,984
Allina Health SystemMN · FY2022$87,600
True FriendsMN · FY2022$52,974
Allina Health SystemMN · FY2021$4,485,902
Allina Health SystemMN · FY2021$71,646
True FriendsMN · FY2021$53,577
Immanuel Lutheran ChurchMN · FY2021$22,000
Allina Health SystemMN · FY2020$4,833,850
True FriendsMN · FY2020$38,413
Allina Health SystemMN · FY2020$11,979
Immanuel Lutheran ChurchMN · FY2020$6,500

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$9.1M
Ln 12
Gifts and grantsLn 1h$5.7M
Investment incomeLn 3$2.6M
Other incomeLn 4–11$844K
Money outPt IX
$8.1M
Ln 25
Programscol B$5.0M
Managementcol C$2.0M
Fundraisingcol D$1.1M
Owns and owesPt X
$37.1M
net assets · Ln 32
Total assetsLn 16$38.1M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.7M
Noncash giftsLn 1g$990K
Fundraising eventsLn 1c$569K
Investment incomeLn 3$2.6M
Other incomeLn 4–11$844K
Gains on assetsLn 7$2.1M
Total revenueLn 12$9.1M
Assets in detailPt X, end of year
InvestmentsLn 11–13$36.4M
Other assetsLn 15$1.5M
Total assetsLn 16$38.1M
LiabilitiesLn 26$1.1M
Net assetsLn 32$37.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 655
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
InvestmentsLn 11–13$34.4M$36.4M
Total assetsLn 16$37.3M$38.1M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32$36.2M$37.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.0M$5.0M
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$2K$1K$970
Advertising and promotionLn 12$280K$157K$123K
Office expensesLn 13$96K$54K$42K
TravelLn 17$2K$1K$844
Conferences, conventions and meetingsLn 19$4K$2K$2K
Other expenses (24a–d)Ln 24$2.7M$1.8M$936K
Total functional expensesLn 25$8.1M$5.0M$2.0M$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $1.3M$1.6M−$290K$0 990 PDF
FY2021 $9.0M$6.3M$2.7M$41.7M 990 PDF
FY2020 Viewing $9.1M$8.1M$1.0M$37.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $9,097,161 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,948,398$5,697,361
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,329,923$2,555,399
I-11 Other revenuePrior year $162,599$844,401
I-12 Total revenuePrior year $7,440,920$9,097,161
I-13 Grants and similar amounts paidPrior year $7,194,792$4,970,699
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,339,176$3,121,497
I-18 Total expensesPrior year $9,533,968$8,092,196
I-19 Revenue less expensesPrior year −$2,093,048$1,004,965
Part VI · Governance 19 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,097,161 across 11 lines filed
Lines not itemized here account for $133,488 of total revenue; see the IRS return.
VIII-1a Federated campaigns$46,925
VIII-1c Fundraising events$569,237
VIII-1d Related organizations$25,000
VIII-1f All other contributions, gifts and grants$5,056,199
VIII-1g Noncash contributions (included above)$989,749
VIII-1h Total contributions, gifts and grants$5,697,361
VIII-3 Investment incomeExcluded from tax $411,051$411,051
VIII-5 RoyaltiesExcluded from tax $39,345$39,345
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,144,348$2,144,348
VIII-8 Net income from fundraising eventsExcluded from tax $671,568$671,568
VIII-12 Total revenueRelated to mission $134,670 · Unrelated business $0 · Excluded from tax $3,265,130$9,097,161
Part IX · Statement of functional expenses $8,092,196 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $4,970,699$4,970,699
IX-11c Accounting feesManagement $18,600$18,600
IX-11g Other fees for servicesManagement $1,235 · Fundraising $970$2,205
IX-12 Advertising and promotionManagement $156,754 · Fundraising $123,163$279,917
IX-13 Office expensesManagement $53,500 · Fundraising $42,036$95,536
IX-17 TravelManagement $1,074 · Fundraising $844$1,918
IX-19 Conferences, conventions and meetingsManagement $2,384 · Fundraising $1,873$4,257
IX-24 Other expenses (24a–d)Management $1,782,810 · Fundraising $936,254$2,719,064
IX-25 Total functional expensesPrograms $4,970,699 · Management $2,016,357 · Fundraising $1,105,140$8,092,196
Part X · Balance sheet $38,134,298 assets, 11 lines filed
X-3 Pledges and grants receivableStart of year $300,931$176,187
X-8 Inventories for sale or useStart of year $84,947$123,200
X-12 Other securitiesStart of year $34,440,340$36,369,307
X-15 Other assetsStart of year $2,444,853$1,465,604
X-16 Total assetsStart of year $37,271,071$38,134,298
X-25 Other liabilitiesStart of year $1,101,654$1,076,741
X-26 Total liabilitiesStart of year $1,101,654$1,076,741
X-27 Net assets without donor restrictionsStart of year $10,133,283$7,726,399
X-28 Net assets with donor restrictionsStart of year $26,036,134$29,331,158
X-32 Total net assets or fund balancesStart of year $36,169,417$37,057,557
X-33 Total liabilities and net assetsStart of year $37,271,071$38,134,298
Part XI · Reconciliation of net assets $37,057,557 net assets at year end
XI-1 Total revenue$9,097,161
XI-2 Total expenses$8,092,196
XI-3 Revenue less expenses$1,004,965
XI-4 Net assets at start of year$36,169,417
XI-5 Net unrealized gains (losses) on investments−$106,173
XI-9 Other changes in net assets−$10,652
XI-10 Net assets at end of year$37,057,557

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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