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Regina Foundation FY2022 filing

Minneapolis, MN · Unknown exempt organization

Revenue
$267K
-22% vs prior year
Spent
$302K
To programs
80%
Net assets
$2.6M
By yearFY2020–FY2023
Revenue
$267K
FY2022▼ -22%
Revenue by fiscal year
FY2020$325K
FY2021$342K
FY2022$267K
FY2023$140K
Expenses
$302K
FY2022▼ -7%
Expenses by fiscal year
FY2020$344K
FY2021$324K
FY2022$302K
FY2023$2.8M
Net assets
$2.6M
FY2022▼ -12%
Net assets by fiscal year
FY2020$2.8M
FY2021$2.9M
FY2022$2.6M
FY2023$0

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim this org
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2023 — 3 yrs ago
Legal name (IRS)Hdr · item CRegina Foundation
EINHdr · item D41-1987372
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2023 · Form 990
Principal addressHdr · item CMinneapolis, MN
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.allinahealth.org/regina-hospital/foundation

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.10 Fundraising $0.11
Program services80%$241K
Management & general10%$29K
Fundraising11%$32K
Total functional expensesLn 25$302K

Financial health

Is it on solid ground?

Surplus margin
-13%
revenue over expenses, this year
Program spending
80%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$2.6M
FY2022▼ -12%
Total assets by fiscal year
FY2020$2.8M
FY2021$3.0M
FY2022$2.6M
FY2023$0
Total liabilities
$600
FY2022▼ -97%
Total liabilities by fiscal year
FY2020$37K
FY2021$23K
FY2022$600
FY2023$0
Revenue less expensesPt I · Ln 19−$35K
Total assetsPt X · Ln 16$2.6M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$2.6M
Total liabilitiesLn 26$600
Total net assetsLn 32$2.6M

Statement of Revenue

Part VIII
Contributions & grants$160K · 60%
Investment income$106K · 40%
Contributions & grants60%$160K
Investment income40%$106K
Total revenueLn 12$267K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.6M · Operating expenses/yr $302K
101.6 months
Where the money goes
Program services
Program services $241K · Total expenses $302K
80%
Management & General
Management & general $29K · Total expenses $302K
10%
Fundraising
Fundraising $32K · Total expenses $302K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $41K · Solicited contributions (3-yr avg) $194K
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $160K · Total revenue $267K
60%
Government reliance
Government grants — · Total revenue $267K
—
Earned-income share
Program service revenue $0 · Total revenue $267K
0%
Investment reliance
Investment income $106K · Total revenue $267K
+40%
Program self-sufficiency
Program service revenue $0 · Total expenses $302K
0%
Growth & trend
Revenue growth (YoY)
This year $267K · Prior year $342K
-22%
Net-asset trend (YoY)
End of year $2.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $267K · Expenses $302K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $2.6M
—
Net-asset ratio
Net assets $2.6M · Total assets $2.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $2.6M · Total assets (Pt X, ln 16) $2.6M
99%
People & payroll
Highest Reported Total Compensation
Individual Ian McQuistan MD · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $302K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $302K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 10%——
Fundraising cost ratio 20%——
Revenue growth -22%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Helen Strike
Director/Interim Exec Dir Fndtn
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeff Feeder
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Doug Laumeyer
Director/Chair
$0Pt VII · Sec A
John Moes
Director
$0Pt VII · Sec A
See Regina Foundation executive salaries →

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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides healthcare and senior living services in partnership with the Catholic Church.

Provided by the organization

This section is blank until Regina Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $241K of program spending, described in the organization's own filed words · FY2022.
01

To carry out the purposes of allina health system and regina senior living, in connection with the roman catholic church. To provide opportunities to help patients and residents benefit from the latest research, equipment and healing techniques.

$241Kprogram expense

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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 · FY2020
Tulsa Community FoundationFY2020$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 11 grants · $3.5M · 2020–2023
Benedictine FoundationMN · FY2023$1,985,527
Allina Associated FoundationMN · FY2023$375,579
Allina Health SystemMN · FY2023$270,691
Regina Senior LivingFY2023$111,258
University of Minnesota FoundationMN · FY2023$13,175
Allina Health SystemMN · FY2022$128,597
Regina Senior LivingFY2022$109,908
Regina Senior LivingFY2021$115,108
Allina Health SystemMN · FY2021$81,519
Regina Senior LivingFY2020$154,346
Allina Health SystemMN · FY2020$119,263

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2023 Latest $140K$2.8M-48% 990 PDF
FY2022 Viewing $267K$302K-22% 990 PDF
FY2021 $342K$324K+5% 990 PDF
FY2020 $325K$344K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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