Hennepin Healthcare Research Institute
Hennepin Healthcare Research Institute reported $54.7 million in revenue and $53.5 million in expenses for calendar year 2024. Of every $100 it spent, $92.20 went to program services, $7.80 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 96.0% of the total. Government grants made up 58.8%. The highest compensation it reported for one person was $660,695 (DIRECTOR/PHYSICIAN (UNTIL 6/24)). 54 people received more than $100,000 in reportable compensation. Revenue rose 42% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $54MFor context, the median across 169 covered medical research charities: $87.02 programs, $12.87 management, $0.11 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $55MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.2% | 83.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.8% | 12.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.1% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.0% | 72.7% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 58.8% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 5.8% |
| Highest reported compensation Part VII-A, columns D–F | $660,695 | $628,890 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.23% | 1.94% |
| People paid over $100,000 Part VII, line 2 | 54 | 18 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 14.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 14 | 93.8% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseClinical 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…
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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR/PHYSICIAN (UNTIL 6/24) Director/trustee, 4.90 hrs/week | $0 | $608,540 | $52,155 | $660,695 |
| DIRECTOR/PHYSICIAN Director/trustee, 7.10 hrs/week | $0 | $513,475 | $60,396 | $573,871 |
| DIRECTOR/HHS - CARO Director/trustee, 0.20 hrs/week | $0 | $475,382 | $64,536 | $539,918 |
| PRESIDENT/INVESTIGATOR Director/trustee, officer, 29.90 hrs/week | $0 | $479,088 | $58,740 | $537,828 |
| HHS VP OF PHILANTHROPHY Director/trustee, 0.10 hrs/week | $0 | $431,214 | $62,880 | $494,094 |
| DIRECTOR/HHS - CHIEF OF MEDICAL OFFICER Director/trustee, 0.10 hrs/week | $0 | $316,146 | $46,350 | $362,496 |
| FORMER VICE PRESIDENT/INVESTIGATOR Former, 28.80 hrs/week | $0 | $294,166 | $56,368 | $350,534 |
| DIRECTOR/INVESTIGATOR Director/trustee, 27.60 hrs/week | $0 | $279,337 | $53,536 | $332,873 |
54 people received more than $100,000 in reportable compensation from Hennepin Healthcare Research Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $401K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5266
- Volunteers Part I, line 6202
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| HENNEPIN HEALTHCARE SYSTEM Physician professional research | $4,426,996 |
| MONASH UNIVERSITY Medicine, nursing, and research | $3,518,531 |
| UNIVERSITY OF MINNESOTA Physician professional research | $3,204,737 |
| HEALTHPARTNERS INSTITUTE Physician professional research | $1,906,070 |
| MAYO CLINIC Physician professional research | $892,601 |
Individuals listed as contractors are left out. 39 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Hennepin Healthcare Research Institute totaling $54,259 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Hennepin Healthcare Research Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hennepin Healthcare Research Institute, you can publish a response that is linked from this page.
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Of every $100 Hennepin Healthcare Research Institute spent in 2024, $92.20 went to programs. The full breakdown, from its IRS Form 990:
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All medical research charities · Largest charities in Minnesota
Questions people ask
How much of Hennepin Healthcare Research Institute's spending goes to programs?
In calendar year 2024, Hennepin Healthcare Research Institute reported that 92.2% of its $53.5 million in expenses went to program services, 7.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Hennepin Healthcare Research Institute pay its top executive?
The largest total compensation Hennepin Healthcare Research Institute reported for one person in calendar year 2024 was $660,695, for the role of DIRECTOR/PHYSICIAN (UNTIL 6/24) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Hennepin Healthcare Research Institute get its money?
Of $54.7 million in revenue in calendar year 2024, 96.0% came from contributions and grants (including 58.8% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Hennepin Healthcare Research Institute a registered charity?
The IRS lists EIN 41-1677920 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202542669349301574 · read the filing
- 2023: Form 990 for calendar year 2023, object 202442629349300514 · read the filing
- 2022: Form 990 for calendar year 2022, object 202332629349301503 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242639349300239 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102659349301200 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012879349301741 · read the filing
All filings for EIN 41-1677920: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.