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Nonprofit · EIN 45-0398104

SANFORD HEALTH FOUNDATION NORTH

Tax-exempt · SIOUX FALLS, SD 57117

Financials

$8.8M$6.1M2023$10.9M$4.6M2024
Revenue Expenses · by fiscal year end
Financials of SANFORD HEALTH FOUNDATION NORTH by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$10,926,083$4,581,686$6,344,397$107,320,973$199,626$107,121,347
December 31, 2023990$8,837,846$6,077,003$2,760,843$104,004,869$206,211$103,798,658
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,571,749
Program service revenue
$0
Investment income
$5,372,081
Net gain from sales of assets
$2,402,523
Net income from fundraising events
-$17,747
Other revenue
-$17,747

Expenses

Grants and similar amounts paid
$4,581,686
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$4,370
Occupancy
$110,132
Travel
$15,773
Program services (functional)
$4,581,686

Balance sheet and other

Total assets, start of year
$104,004,869
Total assets, end of year
$107,320,973
Total liabilities, end of year
$199,626
Net assets, end of year
$107,121,347
Publicly traded securities
$84,733,115
Net assets without donor restrictions
$21,755,150
Net assets with donor restrictions
$85,366,197
Gross receipts
$16,670,276
Employees
0
Volunteers
40
Year formed
1986
State of legal domicile
ND

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
BILL GASSENTRUSTEE, PRESIDENT & CEO
Trustee or director, Officer
0.75$0$4,414,119$585,241
SCOTT WOOTENEVP, CFO (END 4/24)
Officer
0.75$0$2,525,208$51,220
NICK OLSONEVP, CFO (BEG 4/24)
Officer
0.75$0$1,047,876$123,386
BILL MARLETTEINTERIM EVP, CFO (END 1/24)
Officer
0.75$0$894,301$275
DEB KOSKICHIEF PHILANTHROPY OFFICER
Key employee
12$0$485,983$48,491
ANDY NORTHTRUSTEE, SECRETARY, INDEP CONTRACTOR
Trustee or director, Officer
0.02$0$379,383$0
MICHELLE BRUHNFORMER EVP, CFO & TREASURER
Former
0$0$293,725$0
LAURIS MOLBERTTRUSTEE, CHAIRPERSON
Trustee or director, Officer
0.02$0$107,199$0
BRENT TEIKENTRUSTEE
Trustee or director
0.02$0$84,246$0
JAMES CAINTRUSTEE, TREASURER
Trustee or director, Officer
0.02$0$81,651$0
MARNIE HERMANNTRUSTEE, VICE CHAIR
Trustee or director, Officer
0.02$0$80,382$0
NEIL GULSVIGTRUSTEE, PAST CHAIR
Trustee or director, Officer
0.02$0$80,055$0
MARK LUNDEEN MDTRUSTEE
Trustee or director
0.02$0$80,000$0
DAVID SHULKINTRUSTEE
Trustee or director
0.02$0$79,826$0
STEPHANIE HERSETH SANDLINTRUSTEE
Trustee or director
0.02$0$78,750$0
3 more people on this return
NameTitleHours / weekCompensationFrom related orgs
WESLEY ENGBRECHTTRUSTEE
Trustee or director
0.02$0$77,594
DANA DYKHOUSETRUSTEE
Trustee or director
0.02$0$76,727
DON JACOBSFORMER TRUSTEE
Former
0$0$13,502
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHELLE BRUHNEVP, CFO & TREASURER (END 6/23)
Officer
0.5$0$3,526,262$105,043
BILL GASSENTRUSTEE, PRESIDENT & CEO
Trustee or director, Officer
0.5$0$2,821,352$439,680
BILL MARLETTEINTERIM, EVP, CFO (BEG 6/23)
Officer
0.5$0$1,306,330$378
MARK LUNDEEN MDTRUSTEE, PHYSICIAN
Trustee or director
0.5$0$591,873$16,560
DEB KOSKICHIEF PHILANTHROPIC OFFICER
Key employee
5$0$432,198$49,029
MICAH ABERSONFORMER EVP
Former
0$0$453,110$0
ANDY NORTHTRUSTEE, SECRETARY, INDEP CONTRACTOR
Trustee or director, Officer
0.5$0$324,345$0
BOBBIE TIBBETTSFORMER CHIEF PHILANTHROPIC OFFICER
Former
0$0$124,802$0
NEIL GULSVIGTRUSTEE, CHAIRPERSON
Trustee or director, Officer
0.5$0$66,718$0
BRENT TEIKENTRUSTEE, PAST CHAIR
Trustee or director, Officer
0.5$0$38,404$0
DON JACOBSTRUSTEE (END 12/23)
Trustee or director
0.5$0$37,332$0
LAURIS MOLBERTTRUSTEE, VICE CHAIR
Trustee or director, Officer
0.5$0$37,099$0
JAMES CAINTRUSTEE
Trustee or director
0.5$0$35,599$0
WESLEY ENGBRECHTTRUSTEE
Trustee or director
0.5$0$34,599$0
MARNIE HERMANNTRUSTEE, TREASURER (BEG 4/23)
Trustee or director, Officer
0.5$0$32,099$0
ROBIN SMITHTRUSTEE, TREASURER (END 4/23)
Trustee or director, Officer
0.5$0$11,000$0

Address and contacts

Address (IRS master file)
PO BOX 5039, SIOUX FALLS, SD 57117-5039
Principal officer (990 for 2024)
BILL GASSEN, 2301 EAST 60TH ST, SIOUX FALLS, SD 57104
Signed the 990
NICHOLAS OLSON, EVP, CFO
Phone
(701) 234-2000
Return prepared by
ERNST & YOUNG US LLP

Mission

TO INSPIRE PHILANTHROPY TO ADVANCE THE MISSION OF SANFORD HEALTH, THE PREMIER RURAL HEALTH SYSTEM IN THE U.S., AND RELATED EXEMPT ENTITIES. 100% OF DONOR DOLLARS FUEL LOCAL PRIORITIES TO CARE, COMFORT AND CURE.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FOUNDATION INSPIRES AND FACILITATES PHILANTHROPIC INVESTMENT AND BUILDS COMMUNITY ENGAGEMENT AROUND LOCAL HEALTH CARE-RELATED PROGRAMS, SERVICES AND OPERATIONS OF SANFORD HEALTH WHILE ALSO SEEKING REGIONAL, NATIONAL AND INTERNATIONAL SUPPORT FOR RESEARCH AND OTHER HEALTH INITIATIVES. SPECIFICALLY, DONATIONS HELP PROVIDE PATIENT CARE AND FAMILY SUPPORT ($2,064,494), EQUIPMENT AND FACILITY IMPROVEMENT PROJECTS ($1,093,158), EMPLOYEE BENEFIT ($122,384), COMMUNITY BENEFIT ($8,681), AND OTHER SUPPORT ($23,074).
    Expenses $3,311,791 · grants $3,311,791
  • ADDITIONAL DONATIONS HELP SUPPORT HEALTHCARE EDUCATION AND RESEARCH PROGRAMS. SANFORD HEALTH IS DEDICATED TO PROVIDING CONTINUING TRAINING AND EDUCATION FOR ITS EMPLOYEES, ENSURING THAT PATIENTS HAVE THE BENEFIT OF THE MOST CURRENT PROTOCOLS IN CARE DELIVERY.
    Expenses $1,269,895 · grants $1,269,895

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
45-0398104
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
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E122)
Assets (IRS master file)
$107,320,973
Income (IRS master file)
$16,670,276

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$10,926,083$4,581,686$107,320,973IRS
990December 2023$8,837,846$6,077,003$104,004,869XML
990December 2022$5,587,822$5,164,792$89,361,279IRS
990December 2021–––IRS
990December 2020–––IRS
990June 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 45-0398104).

Questions about SANFORD HEALTH FOUNDATION NORTH

What is the EIN of SANFORD HEALTH FOUNDATION NORTH?
The employer identification number (EIN) of SANFORD HEALTH FOUNDATION NORTH is 45-0398104.
Is SANFORD HEALTH FOUNDATION NORTH tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to SANFORD HEALTH FOUNDATION NORTH tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SANFORD HEALTH FOUNDATION NORTH 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 SANFORD HEALTH FOUNDATION NORTH 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 SANFORD HEALTH FOUNDATION NORTH 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 SANFORD HEALTH FOUNDATION NORTH?
The 990 for the year ended December 31, 2024 names BILL GASSEN.
Who are the officers and directors of SANFORD HEALTH FOUNDATION NORTH?
The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
How much revenue does SANFORD HEALTH FOUNDATION NORTH have?
On its 990 for the year ended December 31, 2024 it reported revenue of $10,926,083, expenses of $4,581,686 and total assets of $107,320,973 at year end.

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