EIN 41-1426406

Minneapolis Heart Institute Foundation (MHIF)

IRS 501(c) type
501(c)(3)
Num. employees
124
Year formed
1982
Most recent tax filings
2022-12-01
Description
The Minneapolis Heart Institute Foundation (MHIF) is organization that promotes and improves cardiovascular health. We are working to create a world without heart and vascular disease.
Total revenues
$23,655,940
2022
Total expenses
$14,808,254
2022
Total assets
$71,060,713
2022
Num. employees
124
2022

Program areas at MHIF

Researchmhif has a 41-year history of world-class cardiovascular research and education that has proven its positive impact on the standard of care for patients around the world. In 2022, mhif enrolled more than 350 new patients and at any given time has more than 220 studies across all areas of cardiovascular medicine. Many patients have hope through options that may only be available as part of research. The team also accomplished a record high of more than 500 publications, abstracts, podium presentations and invited talks at international conferences all sharing learnings from mhif's lifesaving cardiovascular research. Mhif research continues to cross all practice areas of cardiovascular medicine and care. A few highlights related to our impact in 2022: -350+ new patients enrolled in research -3,000 visits with patients who have hope and options through research studies-34,000+ downloads of a new suite of mhif digital applications sharing research learnings with physicians around the world-$25 million in philanthropic support, including a transformational gift to name the joseph f. novogratz family Heart rhythm center-8 mhif international scholars contributed to advancing research-earned top enroller recognition in several clinical research trials for new technologies-expanded mhif research to united hospital, welcoming new physician partners and reaching new patients with research options-named the van tassel innovation center to fund mhif-designed research studies to improve care for all patients-formed new relationships in the community to contribute to change around health equity and access to care
Educationequal to our commitment to research is our dedication to share the learnings from research through education, allowing for local, national and international impact as we challenge and advance the standard of care for all patients. Mhif proudly shared the details of our research through 144 presentations or invited talks, and 79 abstracts published at national and international conferences. We published 258 manuscripts, sharing learnings from world-class cardiovascular research in leading journals. We also offered various public and professional events (many of which were still virtual) to increase awareness, understanding and management of various Heart conditions. Many of our events attracted participants from around the world.our cardiovascular grand rounds program ensures attendees are well-versed in the latest research outcomes and evidence-based guidelines. Through 29 sessions featuring 47 unique speakers, mhif provided professional education to more than 2,700 health care professionals. These accredited education activities provide physicians and other health care providers the opportunity to review and discuss the latest developments in cardiovascular care every monday morning during our grand rounds season (september may).in 2022, mhif celebrated the 20th anniversary of the launch of the clinical research internship program. 11 interns from around the country contributed to 13 different groundbreaking research projects. Made possible by the generous contributions of individual donors, mhif offers one of the most outstanding and unique internship opportunities available to undergraduates who are pre-med or planning a career in medicine. This unique educational experience includes being paired with a physician mentor who guides interns through the facilitation of a research project, hospital observations, engaging field trips, lunch and learn presentations, showcasing their research work at an open house and poster session and much more. Many research projects result in the intern having the opportunity to be an author on an article published in a national scientific journal. Some interns also have the opportunity to present their work at a national cardiovascular conference.during the past 20 years, 225 clinical research interns have contributed to 205 posters and presentations at national scientific sessions, 197 publications in peer-reviewed journals, and 55% of former interns are now practicing physicians.

Grants made by MHIF

GranteeGrant descriptionAmount
American Heart Association (AHA)Table Sponsorship at Annual Heart Ball Gala$6,250

Who funds Minneapolis Heart Institute Foundation (MHIF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Allina HealthSupport for Cardiovascular Research and Education$1,975,000
Nolan Family FoundationHealth - General Program Support$1,000,000
Schwab Charitable FundHealth$216,550
...and 27 more grants received totalling $3,830,133

Personnel at MHIF

NameTitleCompensation
Kristine FortmanChief Executive Officer$446,698
Charles ZauggCPA Chief Finance Officer$188,804
Jan DickChief Talent, Education and Strategy Officer
Janet DickChief Talent and Strategy$181,875
Jesse HicksVice President of$230,941
...and 14 more key personnel

Financials for MHIF

RevenuesFYE 12/2022
Total grants, contributions, etc.$17,801,434
Program services$5,409,134
Investment income and dividends$838,820
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$891,666
Net income from fundraising events$-1,285,114
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$23,655,940

Form 990s for MHIF

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-03990View PDF
2021-122022-10-25990View PDF
2020-122021-09-27990View PDF
2019-122021-03-31990View PDF
2019-122020-12-18990View PDF
...and 10 more Form 990s
Data update history
January 26, 2024
Updated personnel
Identified 5 new personnel
January 3, 2024
Received grants
Identified 9 new grant, including a grant for $1,975,000 from Allina Health
November 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 26, 2023
Updated personnel
Identified 5 new personnel
November 25, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsDisease research fundraisersMedical research organizationsCharities
Issues
Health
Characteristics
Conducts researchFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringTax deductible donations
General information
Address
920 E 28th St 100
Minneapolis, MN 55407
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
Website URL
mplsheart.org/ 
Phone
(612) 863-3844
Facebook page
MinneapolisHeart 
Twitter profile
@mhif_heart 
IRS details
EIN
41-1426406
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
H00: Medical Research: General
NAICS code, primary
813212: Health and Disease Research Fundraising Organizations
Parent/child status
Independent
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