Nonprofit · EIN 41-1677920
HENNEPIN HEALTHCARE RESEARCH INSTITUTE
Tax-exempt · MINNEAPOLIS, MN 55415
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $54,717,221 | $53,504,403 | $1,212,818 | $75,518,149 | $10,600,602 | $64,917,547 |
| December 31, 2023 | 990 | $57,100,108 | $55,410,594 | $1,689,514 | $72,662,924 | $12,527,529 | $60,135,395 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $52,551,531
- of which government grants
- $32,150,854
- Program service revenue
- $0
- Investment income
- $2,165,690
- Net gain from sales of assets
- -$7,805
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $400,684
- Other salaries and wages
- $19,862,905
- Salaries, compensation and benefits (total)
- $26,129,366
- Professional fundraising fees
- $0
- Legal fees
- $67,935
- Accounting fees
- $55,678
- Occupancy
- $1,182,024
- Travel
- $541,443
- Depreciation
- $493,867
- Program services (functional)
- $49,330,495
- Management and general (functional)
- $4,173,908
Balance sheet and other
- Total assets, start of year
- $72,662,924
- Total assets, end of year
- $75,518,149
- Total liabilities, end of year
- $10,600,602
- Net assets, end of year
- $64,917,547
- Land, buildings and equipment
- $1,455,310
- Publicly traded securities
- $55,460,656
- Net assets without donor restrictions
- $34,736,810
- Net assets with donor restrictions
- $30,180,737
- Gross receipts
- $54,725,026
- Employees
- 266
- Volunteers
- 202
- Year formed
- 1952
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANDREW SCHMIDT MD | DIRECTOR/PHYSICIAN (UNTIL 6/24) Trustee or director | 4.9 | $0 | $608,540 | $52,155 |
| MICHAEL PUSKARICH MD MS | DIRECTOR/PHYSICIAN Trustee or director | 7.1 | $0 | $513,475 | $60,396 |
| MEGHAN WALSH MD MPH FACP | DIRECTOR/HHS - CARO Trustee or director | 0.2 | $0 | $475,382 | $64,536 |
| KIRSTEN L JOHANSEN MD | PRESIDENT/INVESTIGATOR Trustee or director, Officer | 29.9 | $0 | $479,088 | $58,740 |
| THERESA PESCH RN | HHS VP OF PHILANTHROPHY Trustee or director | 0.1 | $0 | $431,214 | $62,880 |
| ERIC LING MD MBA MA | DIRECTOR/HHS - CHIEF OF MEDICAL OFFICER Trustee or director | 0.1 | $0 | $316,146 | $46,350 |
| JASON BAKER MD | FORMER VICE PRESIDENT/INVESTIGATOR Former | 28.8 | $0 | $294,166 | $56,368 |
| ANNE FROSCH MD | DIRECTOR/INVESTIGATOR Trustee or director | 27.6 | $0 | $279,337 | $53,536 |
| DAVID GILBERTSON | PROGRAM CO-DIRECTOR Highest-paid employee | 40 | $260,228 | $0 | $54,866 |
| AJAY ISRANI MD MS | FORMER PRESIDENT/INVESTIGATOR Former | 21.2 | $0 | $266,063 | $45,030 |
| RACHEL NYGAARD | DIRECTOR/SURGERY RESEARCH Highest-paid employee | 40 | $231,903 | $0 | $55,144 |
| ANNE MURRAY MD MS | FORMER SECRETARY/TREASURER/INVESTIGATOR Former | 32.1 | $0 | $218,197 | $41,525 |
| JIANNOUNG LIU | DIRECTOR, ANALYSIS Highest-paid employee | 40 | $213,572 | $0 | $46,142 |
| JON SNYDER | DIRECTOR, TRANSPLANT EPIDEMIOLOGY Highest-paid employee | 40 | $213,084 | $0 | $44,043 |
| MARK WILLMERT CPA INACTIVE | HHF/HHRI - VP OF FINANCE Officer | 23.7 | $0 | $209,584 | $33,166 |
11 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIM MILLER | VP OF OPERATIONS & COO Officer | 40 | $177,092 | $38,973 |
| SHULING LI | EPIDDEMIOLOGIST & BIOSTATISTICIAN Highest-paid employee | 40 | $174,782 | $37,706 |
| WARREN MCKINNEY PHD | DIRECTOR/VP FOR EQUITY IN RESEARCH/INVESTIGATOR Trustee or director, Officer | 40 | $117,100 | $24,654 |
| EDWARD P EHLINGER MD MSPH | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| GOPAL KHANNA MBA | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| SIMON SHANNON MBA PHD | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| PRAT VERMA MBA MS | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| RICHARD KING MD PHD | BOARD CHAIR (UNTIL 4/24) Trustee or director, Officer | 0.2 | $0 | $0 |
| CONNIE DELANEY PHD RN FAAN | BOARD CHAIR Trustee or director, Officer | 0.2 | $0 | $0 |
| MIAJA CASSIDY JD CHC CCEP | BOARD VICE CHAIR Trustee or director, Officer | 0.2 | $0 | $0 |
| SERAFIN SAMSON MBA MS | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANDREW SCHMIDT MD | DIRECTOR/ PHYSICIAN Trustee or director | 3 | $0 | $687,340 | $48,399 |
| DERRICK HOLLINGS CPA INACTIVE | DIRECTOR/HHS - CFO (UNTIL 09/23) Trustee or director | 0.1 | $0 | $583,983 | $52,100 |
| MICHAEL PUSKARICH MD MS | DIRECTOR/ PHYSICIAN Trustee or director | 6 | $0 | $522,239 | $57,321 |
| DANIEL HOODY MD | DIRECTOR/HHS - CMO (UNTIL 09/23) Trustee or director | 0.2 | $0 | $480,142 | $41,603 |
| KIRSTEN L JOHANSEN MD | PRESIDENT/ INVESTIGATOR Trustee or director, Officer | 30 | $0 | $414,368 | $54,507 |
| AJAY ISRANI MD MS | PRESIDENT/INVESTIGATOR (UNTIL 06/23) Trustee or director, Officer | 36 | $0 | $363,993 | $54,507 |
| THERESA PESCH RN | HHF - PRESIDENT/HHS - VP PHILANTHROPY Trustee or director | 0.1 | $0 | $357,508 | $58,467 |
| JASON BAKER MD | FORMER VICE PRESIDENT/INVESTIGATOR Former | 28.7 | $0 | $308,136 | $55,625 |
| ANNE FROSCH MD | DIRECTOR/ INVESTIGATOR Trustee or director | 30.1 | $0 | $293,873 | $51,803 |
| DAVID GILBERTSON | PROGRAM CO-DIRECTOR Highest-paid employee | 40 | $250,634 | $0 | $52,428 |
| ANNE MURRAY MD MS | FORMER SECRETARY/TREASURER/INVESTIGATOR Former | 40 | $0 | $248,915 | $41,792 |
| MARK WILLMERT | HHF/HHRI- VP OF FINANCE Officer | 21.2 | $27,609 | $195,053 | $35,101 |
| RACHEL NYGAARD | DIRECTOR, SURGERY RESEARCH Highest-paid employee | 40 | $209,091 | $0 | $45,286 |
| JIANNONG LIU | DIRECTOR, ANALYTICS Highest-paid employee | 40 | $206,844 | $0 | $42,982 |
| JON SNYDER MD | DIRECTOR, TRANSPLANT EPIDEMIOLOGY Highest-paid employee | 40 | $204,610 | $0 | $41,331 |
| KIM MILLER | VP OF OPERATIONS & CHIEF OPERATING OFFICER Officer | 40 | $177,537 | $0 | $38,912 |
| SHULING LI | EPIDEMIOLOGIST & BIOSTATISTICIAN Highest-paid employee | 40 | $167,864 | $0 | $36,309 |
| WARREN MCKINNEY PHD | DIRECTOR/VP FOR EQUITY IN RESEARCH/INVESTIGATOR Trustee or director, Officer | 40 | $103,523 | $0 | $25,900 |
| CONNIE DELANEY PHD RN FAAN FACMI | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| EDWARD P EHLINGER MD MSPH | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SIMON SHANNON MBA PHD | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| PRAT VERMA MBA MS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SERAFIN SAMSON MBA MS | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MIAJA CASSIDY JD CHC CCEP | BOARD VICE CHAIR Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| RICHARD KING MD PHD | BOARD CHAIR Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 701 PARK AVE PP7 700, MINNEAPOLIS, MN 55415-1623
- In care of
- % PAYROLL DEPARTMENT
- Principal officer (990 for 2024)
- KIRSTEN L JOHANSEN MD, 701 PARK AVENUE S2100, MINNEAPOLIS, MN 55415
- Signed the 990
- KIM MILLER, COO
- Phone
- (612) 873-3386
- Website
- HTTP://WWW.HHRINSTITUTE.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
IMPROVE PATIENT CARE AND THE HEALTH OF OUR COMMUNITY THROUGH RESEARCH AND EDUCATION.
Program accomplishments
- CLINICAL RESEARCH AND EDUCATIONAL ACTIVITIES:HENNEPIN HEALTHCARE RESEARCH INSTITUTE (HHRI) INVESTIGATORS ARE PRACTICING PHYSICIANS, SCIENTISTS AND OTHER MEDICAL PROFESSIONALS USING THEIR EXPERTISE TO ADVANCE MEDICAL KNOWLEDGE AND IMPROVE THE CARE PATIENTS RECEIVE. HHRI'S RESEARCH SUBJECTS ARE DIVERSE WITH A FOCUS ON ACUTE CARE/TRAUMA, ADDICTION, HEALTH SERVICES, AND INFECTIOUS DISEASES. PARTICIPANTS IN HHRI CLINICAL RESEARCH STUDIES (INCLUDING TRAUMATIC BRAIN INJURY, SUBSTANCE USE DISORDERS, DEMENTIA, CHRONIC DISEASES, AND HIV/AIDS) HAVE ACCESS TO SOME OF THE LATEST MEDICAL TREATMENTS AVAILABLE TODAY. IN ADDITION TO PURSUING INNOVATIVE NEW THERAPIES, OUR INVESTIGATORS ARE TRAINING THE NEXT GENERATION OF SCIENTISTS AND MEDICAL PROFESSIONALS, INSPIRING THEM TO CARRY OUT HHRI'S MISSION OF IMPROVING PATIENT CARE AND THE HEALTH OF OUR COMMUNITY THROUGH RESEARCH AND EDUCATION. OUR INVESTIGATORS ALSO PUBLISH REGULARLY IN PEER-REVIEWED JOURNALSSEE SCHEDULE O - GENERAL STATEMENT.Expenses $44,198,511
- PRE-CLINICAL AND LABORATORY RESEARCH:IN THE HHRI LABS, WE STUDY THE CAUSES AND TREATMENTS OF DISEASE. OUR RESEARCH SUBJECTS ARE DIVERSE WITH A FOCUS ON ACUTE CARE/TRAUMA, ADDICTION, HEALTH SERVICES, AND INFECTIOUS DISEASES. AT HHRI, WE DEVELOP INNOVATIVE NEW TREATMENTS TO SOLVE SOME OF OUR COMMUNITY'S MOST-CHALLENGING HEALTH PROBLEMS. RESEARCHERS IN OUR LABS ARE MDS, MD/PHDS, PHDS, PHARMDS, AND OTHER MEDICAL AND SCIENCE PROFESSIONALS WORKING TO ADVANCE MEDICAL KNOWLEDGE AND IMPROVE THE CARE PATIENTS RECEIVE. OUR INVESTIGATORS ALSO PUBLISH REGULARLY IN PEER-REVIEWED JOURNALS SEE SCHEDULE O - GENERAL STATEMENT.Expenses $5,131,984
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1677920
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H90)
- Assets (IRS master file)
- $75,518,149
- Income (IRS master file)
- $54,725,026
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $54,717,221 | $53,504,403 | $75,518,149 | XML |
| 990 | December 2023 | $57,100,108 | $55,410,594 | $72,662,924 | XML |
| 990 | December 2022 | $55,810,422 | $49,868,509 | $64,633,780 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1677920).
Questions about HENNEPIN HEALTHCARE RESEARCH INSTITUTE
- What is the EIN of HENNEPIN HEALTHCARE RESEARCH INSTITUTE?
- The employer identification number (EIN) of HENNEPIN HEALTHCARE RESEARCH INSTITUTE is 41-1677920.
- Is HENNEPIN HEALTHCARE RESEARCH INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to HENNEPIN HEALTHCARE RESEARCH INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HENNEPIN HEALTHCARE RESEARCH INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HENNEPIN HEALTHCARE RESEARCH INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HENNEPIN HEALTHCARE RESEARCH INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HENNEPIN HEALTHCARE RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 names KIRSTEN L JOHANSEN MD.
- Who are the officers and directors of HENNEPIN HEALTHCARE RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 26 people; 7 received compensation from the organization.
- How much revenue does HENNEPIN HEALTHCARE RESEARCH INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $54,717,221, expenses of $53,504,403 and total assets of $75,518,149 at year end.
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