LEADINGAGE MINNESOTA FOUNDATION

EIN: 203879574 501(c)(3) Human Services

MINNEAPOLIS, MN

Total Revenue
$5,669,724
Total Expenses
$1,797,036
Total Assets
$8,042,576
Net Assets
$7,914,963
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MN
Principal Officer
KARI THURLOW
Phone
6516454545
Tax Period
2023-01-01 to 2023-12-31

LEADINGAGE MINNESOTA FOUNDATION, founded in 2005, is a community nonprofit in the Human Services sector that reported $5.7M in total revenue in fiscal year 2023. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.9M, a strong 68% operating margin.

Mission

THE FOUNDATION SUPPORTS INITIATIVES DESIGNED TO TRANSFORM AND ENHANCE THE EXPERIENCE OF AGING. THE FOCUS IS ON: CATALYTIC CHANGE IN BUILDING THE WORKFORCE FOR TOMORROW; ADVANCING NEW APPROACHES TO SERVICE DELIVERY; AND DEVELOPING LEADERSHIP FOR AGING SERVICES ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $788,040 Revenue: $1,181,844

ONTRACK NURSING ASSISTANT TRAINING: THE FOUNDATION OPERATES ONTRACK, AN ASYNCHRONOUS ONLINE NURSING ASSISTANT TRAINING PROGRAM. THIS PROGRAM ADDRESSES THE DELAYS AND BARRIERS IN ACCESSING CNA...

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ONTRACK NURSING ASSISTANT TRAINING: THE FOUNDATION OPERATES ONTRACK, AN ASYNCHRONOUS ONLINE NURSING ASSISTANT TRAINING PROGRAM. THIS PROGRAM ADDRESSES THE DELAYS AND BARRIERS IN ACCESSING CNA TRAINING, INCREASES THE QUALITY OF THE CURRICULUM AND TRAINING, AND MEETS ALL TESTING REQUIREMENTS. IN 2023, 2,052 STUDENTS WERE TRAINED THROUGH ONTRACK.

Program 2
Expenses: $537,598 Revenue: $0

CONNECTED COMMUNITIES: SUPPORTED BY FUNDING FROM THE MARGARET A. CARGILL PHILANTHROPIES (MACP) THE FOUNDATION CONTINUED ITS WORK ON THE CONNECTED COMMUNITIES FOR HEALTHY AGING PROJECT. THREE RURAL...

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CONNECTED COMMUNITIES: SUPPORTED BY FUNDING FROM THE MARGARET A. CARGILL PHILANTHROPIES (MACP) THE FOUNDATION CONTINUED ITS WORK ON THE CONNECTED COMMUNITIES FOR HEALTHY AGING PROJECT. THREE RURAL PILOTS WERE SUPPORTED IN ORDER TO CREATE INTEGRATED CARE SYSTEMS ACROSS AGING SERVICES, HEALTHCARE, AND COMMUNITY SUPPORTS. ASSISTANCE WAS PROVIDED TO PLAN, IMPLEMENT, AND EVALUATE OUTCOMES. OBJECTIVES INCLUDED: CONVENING AND ADVANCING LOCAL AND COLLABORATIVE WHOLE SYSTEM, WHOLE PERSON APPROACHES TO SERVING SENIORS IN COMMUNITY; EXPERIMENTING AND IMPROVING CARE OF MEDICARE ADVANTAGE ENROLLEES IN A LOCAL HEALTH PLAN IN COORDINATION WITH PROVIDERS OF PRIMARY CARE, ACUTE- AND POST-ACUTE CARE, HOME CARE, AND COMMUNITY-BASED SERVICES; CONNECTING CONSUMERS TO LOCAL RESOURCES FOR HEALTHIER AGING; IMPLEMENTING EFFECTIVE WORKFORCE STRATEGIES TO SUPPORT THIS COLLABORATIVE MODEL.

Program 3
Expenses: $253,333 Revenue: $0

OTHER PROGRAM SERVICES:PROVIDED ADDITIONAL MENTAL HEALTH SUPPORTS TO CAREGIVERS THROUGH A PARTNERSHIP WITH WINONA STATE UNIVERSITY AND FUNDED BY A NEW GRANT FROM THE MN DEPARTMENT OF HEALTH.FUNDED...

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OTHER PROGRAM SERVICES:PROVIDED ADDITIONAL MENTAL HEALTH SUPPORTS TO CAREGIVERS THROUGH A PARTNERSHIP WITH WINONA STATE UNIVERSITY AND FUNDED BY A NEW GRANT FROM THE MN DEPARTMENT OF HEALTH.FUNDED CAREGIVER TRAINING ON ABUSE PREVENTION.DEVELOPED NEW RESOURCES FOR PROVIDERS TO EXPLORE AVAILABLE TECHNOLOGY TO IMPROVE SENIOR CARE OUTCOMES AND CREATE WORKFORCE EFFICIENCIES.ENGAGED IN RESEARCH TO IDENTIFY STRATEGIES TO IMPROVE DIVERSITY, EQUITY, INCLUSION AND BELONGING PRACTICES IN LONG-TERM CARE SETTINGS.FUNDED THE DEVELOPMENT OF TRAINED MEDICATION AIDE (TMA) CURRICULUM TO ADDRESS THE ACUTE SHORTAGE OF TMA'S IN MINNESOTA.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,337,718
Program Service Revenue $1,181,844
Investment Income $149,529
Other Revenue $633
TOTAL REVENUE $5,669,724

Expense Breakdown

Grants Paid $156,175
Salaries & Benefits $288,140
Fundraising Expenses $0
Program Expenses $1,629,671
Other Expenses $1,352,721
TOTAL EXPENSES $1,797,036

Year-over-Year Comparison

2023 2022 Change
Revenue $5,669,724 $2,252,639 +1.5%
Expenses $1,797,036 $2,307,548 -0.2%
Net Income $3,872,688 $-54,909 -71.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$329,841
Total Directors
8
$329,841
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARI THURLOW PRESIDENT/CEO 0.00
Officer Director
$0 $68,817 $329,841
ROBERT M DAHL CHAIR 0.00
Officer Director
$0 $0 $0
LINDSEY SAND VICE CHAIR 0.00
Officer Director
$0 $0 $0
WAYNE OLSON TREASURER 0.00
Officer Director
$0 $0 $0
JASON ANDERSON DIRECTOR 0.00
Director
$0 $0 $0
MATT ANDERSON DIRECTOR 0.00
Director
$0 $0 $0
JOEL PREVOST DIRECTOR 0.00
Director
$0 $0 $0
GAYLE KVENVOLD DIRECTOR 0.00
Director
$0 $0 $0
LORI MEYER SR VP & COO 0.00
Highest
$0 $47,590 $243,893
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,669,724 $1,797,036 $8,042,576 $3,872,688
2022 $2,252,639 $2,307,548 $4,069,076 $-54,909
2021 $1,994,135 $3,313,255 $4,416,842 $-1,319,120
2020 $1,518,891 $1,689,653 $5,572,492 $-170,762
2019 $2,918,002 $1,226,402 $5,507,300 $1,691,600
2018 $353,343 $1,183,611 $3,828,441 $-830,268
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