BFW INSTITUTE FOR EDUCATION AND RESEARCH

EIN: 411887801 501(c)(3)

MINNETONKA, MN

Total Revenue
$568,678
Total Expenses
$495,668
Total Assets
$67,946
Net Assets
$-828,473
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MN
Principal Officer
PATRICK KEEFE
Phone
9527463174
Tax Period
2019-06-01 to 2020-05-31

BFW INSTITUTE FOR EDUCATION AND RESEARCH, founded in 1997, is a small nonprofit that reported $569K in total revenue in fiscal year 2019. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $496K left a modest 13% surplus.

Mission

PAIN FREE PATRIOTS IS A 501(C)(3) ORGANIZATION DEDICATED TO ASSISTING MILITARY VETERANS (SEE ITEM 4A, BELOW).

Program Service Accomplishments

Program 1
Expenses: $430,416

PAIN FREE PATRIOTS IS A PROGRAM THAT PROVIDES MEDICAL GRANTS FOR THE EFFECTIVE TREATMENT TO HELP RELIEVE THE PAIN OF MILITARY VETERANS. VETERANS APPLY TO THE PROGRAM FOR A MEDICAL GRANT AFTER THEY...

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PAIN FREE PATRIOTS IS A PROGRAM THAT PROVIDES MEDICAL GRANTS FOR THE EFFECTIVE TREATMENT TO HELP RELIEVE THE PAIN OF MILITARY VETERANS. VETERANS APPLY TO THE PROGRAM FOR A MEDICAL GRANT AFTER THEY HAVE EXHAUSTED MORE TRADITIONAL MEDICAL CARE. THE PAIN FREE PATRIOTS CARE TEAM REVIEWS EACH VETERAN'S CASE TO DETERMINE ELIGIBILITY TO RECEIVE A GRANT BASED ON THEIR MEDICAL CONDITION, PROOF OF THEIR MILITARY SERVICE AND A DETERMINATION OF THEIR ABILITY TO COMPLETE THE PROGRAM AND FOLLOW THE PRE-ESTABLISHED PROTOCOLS.ONCE APPROVED FOR TREATMENT, THE VETERAN CAN ONLY USE THE GRANT AT ONE OF THREE CLINICS IN THE TWIN CITIES AREA. EACH OF THESE THREE CLINICS UTILIZES PROTOCOLS, TECHNIQUES, EQUIPMENT AND TECHNOLOGY DEVELOPED THROUGHOUT THE HISTORY OF THE PROGRAM. THE SERVICES AND PRODUCTS USED IN THE PAIN FREE PATRIOTS PROGRAM ARE PROVIDED AT COST PLUS AN ADMINISTRATIVE CHARGE (WHICH APPROXIMATES THE COST OF ADMINISTERING THE PAIN FREE PATRIOTS PROGRAM).DURING THE LAST TWELVE TO EIGHTEEN MONTHS, THE CARE COSTS PER VETERAN INCREASED DRAMATICALLY AS THE CARE TEAM BEGAN TO APPROVE GRANTS FOR VETERANS WITH ISSUES RELATED TO OPIOID ADDICTION. THE INCREASED COSTS PER VETERAN MEANT THAT THE MEDICAL GRANTS DID NOT COVER THE COST OF SERVICES PROVIDED BY THE CLINICS AND AS SUCH, THE ORGANIZATION HAS INCURRED AN OPERATING DEFICIT. PAIN FREE PATRIOTS BORROWED MONEY FROM SEVERAL SHORT-TERM SOURCES TO FUND THIS SHORTFALL.

Program 2

THE SAMARITAN GROUP'S GOAL IS TO PROVIDE MONITARY DONATIONS OR GRANTS TO NON PROFIT ORGANZATIONS TO HELP THEM WITH THEIR RESPECTIVE REQUESTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $507,652
Program Service Revenue $0
Investment Income $2
Other Revenue $61,024
TOTAL REVENUE $568,678

Expense Breakdown

Grants Paid $429,226
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $430,416
Other Expenses $66,442
TOTAL EXPENSES $495,668

Year-over-Year Comparison

2019 2018 Change
Revenue $568,678 $362,542 +0.6%
Expenses $495,668 $919,057 -0.5%
Net Income $73,010 $-556,515 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
42

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG HUSEBY PRESIDENT 16.00
Officer Director
$0 $0 $0
PATRICK KEEFE CFO 1.00
Officer Director
$0 $0 $0
CHRISTOPHER BARBER BOARD MBR/ MARKETING COORD 16.00
Officer Director
$0 $0 $0
BRIAN FRANZ BOARD MEMBER 1.00
Director
$0 $0 $0
JOAN LOVEN BOARD MEMBER 1.00
Director
$0 $0 $0
SHELDON OSVALD BOARD MEMBER 1.00
Director
$0 $0 $0
ROGER MCCABE BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
NANCY MCCABE BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
TIM BURLEY BOARD MEMBER (PARTIAL YEAR) 1.00
Director
$0 $0 $0
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
2020 $568,678 $495,668 $67,946 $73,010
2019 $362,542 $919,057 $41,796 $-556,515
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