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Nonprofit · EIN 41-1989509

NAEVE HEALTH CARE FOUNDATION

Tax-exempt · ALBERT LEA, MN 56007

Financials

$304K$298K2023$530K$228K2024
Revenue Expenses · by fiscal year end
Financials of NAEVE HEALTH CARE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$530,023$228,373$301,650$5,367,734$0$5,367,734
December 31, 2023990$303,677$298,275$5,402$5,053,753$0$5,053,753
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$168
Program service revenue
$0
Investment income
$529,855
Net gain from sales of assets
$417,612
Other revenue
$0

Expenses

Grants and similar amounts paid
$182,400
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$2,100
Program services (functional)
$182,400
Management and general (functional)
$45,973

Balance sheet and other

Total assets, start of year
$5,053,753
Total assets, end of year
$5,367,734
Total liabilities, end of year
$0
Net assets, end of year
$5,367,734
Net assets without donor restrictions
$4,686,345
Net assets with donor restrictions
$681,389
Gross receipts
$2,414,774
Employees
0
Volunteers
13
Year formed
2000
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
DR HEIDI GASTONTRUSTEE
Trustee or director
6$0$515,116$52,682
DR SUMIT BHAGRAEX-OFFICIO OFFICER
Trustee or director
10$0$388,027$42,625
DANIEL KOLKERPRESIDENT
Trustee or director, Officer
12$0$0$0
CORRINE TIMSVICE CHAIR
Trustee or director, Officer
6$0$0$0
DIANE CLARKSECRETARY
Trustee or director, Officer
10$0$0$0
SHANNON STEENSMATREASURER
Trustee or director, Officer
10$0$0$0
DIANE DAMEROWTRUSTEE
Trustee or director
6$0$0$0
DIANE WICHMANNTRUSTEE
Trustee or director
6$0$0$0
GARY SCHINDLERTRUSTEE
Trustee or director
6$0$0$0
KAREN CONNTRUSTEE
Trustee or director
6$0$0$0
NICK SCHILTZTRUSTEE
Trustee or director
6$0$0$0
MATTHEW GREIBROKTRUSTEE
Trustee or director
6$0$0$0
DR TIMOTHY KOZELSKEYTRUSTEE
Trustee or director
6$0$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DR HEIDI GASTONTRUSTEE
Trustee or director
6$0$515,370$57,967
DR SUMIT BHAGRAEX-OFFICIO OFFICER
Trustee or director
10$0$388,285$40,462
DANIEL KOLKERPRESIDENT
Trustee or director, Officer
12$0$0$0
CORRINE TIMSVICE CHAIR
Trustee or director, Officer
6$0$0$0
DIANE CLARKSECRETARY
Trustee or director, Officer
10$0$0$0
SHANNON STEENSMATREASURER
Trustee or director, Officer
10$0$0$0
DIANE DAMEROWTRUSTEE
Trustee or director
6$0$0$0
DIANE WICHMANNTRUSTEE
Trustee or director
6$0$0$0
GARY SCHINDLERTRUSTEE
Trustee or director
6$0$0$0
KAREN CONNTRUSTEE
Trustee or director
6$0$0$0
NICK SCHILTZTRUSTEE
Trustee or director
6$0$0$0
MATTHEW GREIBROKTRUSTEE
Trustee or director
6$0$0$0
DR TIMOTHY KOZELSKEYTRUSTEE
Trustee or director
6$0$0$0

Address and contacts

Address (IRS master file)
404 W FOUNTAIN ST, ALBERT LEA, MN 56007-2437
Principal officer (990 for 2024)
CORRINE TIMS, 404 WEST FOUNTAIN ST, ALBERT LEA, MN 56007
Signed the 990
CORRINE TIMS, PRESIDENT
Phone
(507) 434-1595
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • NAEVE HEALTH CARE FOUNDATION SUPPORTS PROJECTS WITHIN MAYO CLINIC HEALTH SYSTEM IN ALBERT LEA.
    Expenses $182,400 · grants $182,400

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1989509
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type III non-functionally integrated
Donations deductible (Pub 78)
Non-functionally integrated Type III supporting organization
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E11)
Assets (IRS master file)
$5,367,734
Income (IRS master file)
$2,414,774

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$530,023$228,373$5,367,734XML
990December 2023$303,677$298,275$5,053,753XML
990December 2022$138,101$277,267$4,688,945IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 41-1989509).

Questions about NAEVE HEALTH CARE FOUNDATION

What is the EIN of NAEVE HEALTH CARE FOUNDATION?
The employer identification number (EIN) of NAEVE HEALTH CARE FOUNDATION is 41-1989509.
Is NAEVE HEALTH CARE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to NAEVE HEALTH CARE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Non-functionally integrated Type III supporting organization).
Which annual return does NAEVE HEALTH CARE FOUNDATION 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 NAEVE HEALTH CARE FOUNDATION 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 NAEVE HEALTH CARE FOUNDATION 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 NAEVE HEALTH CARE FOUNDATION?
The 990 for the year ended December 31, 2024 names CORRINE TIMS.
Who are the officers and directors of NAEVE HEALTH CARE FOUNDATION?
The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
How much revenue does NAEVE HEALTH CARE FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $530,023, expenses of $228,373 and total assets of $5,367,734 at year end.

Other nonprofits in ALBERT LEA

All nonprofits in ALBERT LEA · Minnesota · Health care