Heartworks Inc is a private foundation focused on Health, based in ROCHESTER, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.9M in total assets. In 2024, it made $8.3M in qualifying distributions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.9M
+119.6% YoY
Revenue
$12.1M
+44.6% YoY
Qualifying Distributions
$8.3M
+29.4% YoY
Expenses
$8.4M
+29.9% YoY
About Heartworks Inc
Based on IRS filings
Heartworks Inc is a private foundation focused on Health, based in ROCHESTER, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.9M in total assets. In 2024, it made $8.3M in qualifying distributions.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,872,451 | $3,130,188 | $1,184,023 |
| Revenue | $12,089,091 | $8,360,311 | $1,782,113 |
| Expenses | $8,357,690 | $6,431,659 | $1,111,294 |
| Qualifying Distributions | $8,314,425 | $6,424,158 | $1,111,076 |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MATTHEW A NELSON | PRESIDENT | 2 | — |
| TIMOTHY NELSON | CHAIRMAN | 2 | — |
| TOWNSEND PORTER | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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