THE MISSION OF THE MINNEAPOLIS HEART INSTITUTE FOUNDATION IS TO IMPROVE THE CARDIOVASCULAR HEALTH OF INDIVIDUALS AND COMMUNITIES THROUGH INNOVATIVE RESEARCH AND EDUCATION.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$74.5M
+11.6% YoY
Revenue
$23.6M
+64.9% YoY
Net Investment Income
$1.4M
-41.9% YoY
Expenses
$19.5M
+17.6% YoY
About Minneapolis Heart Institute Foundation
Based on IRS filings
Minneapolis Heart Institute Foundation is a nonprofit organization focused on Medical Research, based in MINNEAPOLIS, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $74.5M in total assets. Net investment income was $1.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $74,457,179 | $66,731,497 | $71,060,713 |
| Revenue | $23,641,948 | $14,336,467 | $23,655,940 |
| Expenses | $19,464,471 | $16,550,155 | $14,808,254 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,355,537 | $2,334,828 | $1,730,486 |
| 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
3 grants across all recorded years
Open Grants
2 open opportunities from Minneapolis Heart Institute Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS GUNDERSON | CHAIR | 10 | — |
| JEFFREY STEINLE | PAST CHAIR | 2 | — |
| GREG GRAVES | VICE CHAIR | 2 | — |
| CARMEN VOLKART | TREASURER | 1.5 | — |
| LORI MILBRANDT | SECRETARY | 10 | — |
| BEN BACHE-WIIG MD | DIRECTOR | 1 | — |
| MOSI BENNETT MD | DIRECTOR | 0.5 | — |
| CONLEY BROOKS JR | DIRECTOR | 1 | — |
| SHARON HAWKINS | DIRECTOR | 0.25 | — |
| DAVID HURRELL MD | DIRECTOR | 2 | — |
| WILLIAM KATSIYIANNIS MD | DIRECTOR | 1 | — |
| JIM KING | DIRECTOR | 2.5 | — |
| GINNY KIRBY | DIRECTOR | 1.5 | — |
| PATRICE KLOSS | DIRECTOR | 2 | — |
| RICHARD MEYER | DIRECTOR | 3 | — |
| MARC NEWELL MD | DIRECTOR | 5 | — |
| MICHAEL PETERSON MD | DIRECTOR | 1 | — |
| RETU SAXENA MD | DIRECTOR | 1 | — |
| SCOTT SHARKEY MD | DIRECTOR | 12 | — |
| JAY TRAVERSE MD | DIRECTOR | 1 | — |
| ARIEL JOHNSON PHD | DIRECTOR | 0.5 | — |
| BOBBY STEFFEN MD | DIRECTOR | 1 | — |
| BREE WILLIAMSON | DIRECTOR | 1 | — |
| FRANCES HOFFMAN | DIRECTOR | 1 | — |
| JOSH HOWELL | DIRECTOR | 2 | — |
| KEVIN HARRIS MD | DIRECTOR | 4 | — |
| KRISTIN BOWLDS | DIRECTOR | 2 | — |
| STEVEN BRADLEY | DIRECTOR | 2.5 | — |
| MICHAEL CUMMINGS MD | DIRECTOR | 1 | — |
| JOHN MACK | DIRECTOR | 2 | — |
| ALLISON O'CONNOR | DIRECTOR | 2 | — |
| TIM THORPE | DIRECTOR | 2 | — |
| DOMINICA TALLARICO | DIRECTOR | 1 | — |
| JOSEPH SCHWARTZ | DIRECTOR | 1 | — |
| KRISTINE FORTMAN | CHIEF EXECUTIVE OFFICER | 50 | $460,662 |
| CHARLES ZAUGG | CHIEF FINANCIAL OFFICER | 40 | $206,389 |
| ROSS GARBERICH | VICE PRESIDENT - SCIENTIFIC SERVICES | 40 | $193,538 |
| LISA TINDELL | VICE PRESIDENT - RESEARCH | 40 | $203,501 |
| JESSE HICKS | VICE PRESIDENT-ADVANCEMENT | 40 | $237,718 |
| KRISTIN LAMBRECHT | PROGRAM DIRECTOR - CIRC | 40 | $164,541 |
| BAVANA RANGAN | PROGRAM DIRECTOR - CCAD | 40 | $183,887 |
| LARISSA STANBERRY | DIRECTOR OF DATA SCIENCE | 40 | $184,804 |
| CINDY RESMAN | VICE PRESIDENT - MARKETING & COMMUNICATIONS | 40 | $197,072 |
| NANCY WILSON | DIRECTOR OF ADVANCEMENT | 40 | $165,227 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Minneapolis Heart Institute Foundation?
Minneapolis Heart Institute Foundation is a nonprofit organization focused on Medical Research, based in MINNEAPOLIS, MN. It holds $74.5M in total assets as of 2024.
How large is Minneapolis Heart Institute Foundation?
As of 2024, Minneapolis Heart Institute Foundation holds $74.5M in total assets with $23.6M in annual revenue.
Where does Minneapolis Heart Institute Foundation operate?
Minneapolis Heart Institute Foundation has awarded grants in Iowa, Illinois, Ohio.
What is Minneapolis Heart Institute Foundation's EIN?
Minneapolis Heart Institute Foundation's EIN (Employer Identification Number) is 41-1426406. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Minneapolis Heart Institute Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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