Dakota Medical Foundation Annual Report 2023
DakMed.org
DAKOTA MEDICAL FOUNDATION
WELCOME
At a recent DMF board meeting, each director was asked to share a word that would serve as their personal theme for the year. There were a number of thoughtprovoking responses, ranging from “discipline” to “rooted” to “patience.” One in particular, though, spoke to me and that was the response of our chair, Rob Lauf. Rob said that, in 2024, he would be driven by “connection.” As Rob shared openly about his own family’s experiences with addiction, it really drove home for me the importance of being in fellowship with others. I believe strongly that the mental health epidemic we’re seeing in our country is, at its core, an epidemic of lost human connections. Stanford University psychiatrist and author of “Dopamine Nation” Dr. Anna Lembke confirmed as much when she headlined the inaugural DMF Summit this past summer. She explained how the high-reward, addictive vices we find ourselves surrounded by in modern society — drugs, junk food, social media, shopping, video games — leave us in a vicious cycle of chasing an ever-elusive high that can only truly be satisfied by getting outside ourselves and being in service to others. When I think about all the things that excite me about our upcoming move into the new DMF campus, top of the list is the potential it has to bring people together in a way that our community has never seen before. Whether future DMF Summits, Lend A Hand Up gatherings, or the festivities of Giving Hearts Day, the 94,000-square-foot building will serve as a gathering space for anyone and everyone in our community.1 The DMF Center for Excellence, as it will be known, will represent true inclusivity and serve as a bulwark against isolation and the uncertain times in which we find ourselves.
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It’s fitting that the next initiative we plan to launch in spring 2024 is the Leading with Light leadership program. Leading with Light will help current and emerging leaders in our community become more curious, civil, and grateful through regular training sessions and group discussions. The program will bring together professionals in our community who are committed to living healthy, purpose-driven lives and cultivating those same values in their workplaces, service clubs, and places of worship. It’s well-documented that purpose-driven people enjoy a variety of mental and physical health benefits, and we believe the ripple effect of this program will be significant and long-lasting. I would be remiss if I didn’t acknowledge and thank the countless volunteers, ambassadors, donors, and staff who make DMF the greatest place in the world to work and lead. As our flagship programs, Lend A Hand Up and Giving Hearts Day, once again enjoyed record-breaking years in 2023, I’m reminded just how many caring, generous people there are in our region and how fortunate we are to live here. Gratefully, J. Patrick Traynor, JD Executive Director Dakota Medical Foundation
Rob Lauf, DDS Board Chair Dakota Medical Foundation
The building most recently housed Wex Benefits. DMF is set to close on April 26, 2024, and plans to co-locate along with multiple other nonprofits.
DAKOTA MEDICAL FOUNDATION BOARD OF DIRECTORS
Dr. Dave Akkerman, MD
Dr. Barbra Brookshire, OD
Julene Brown, RN
John Deutsch, PharmD
Chris Kennelly, JD
Jessica R. Kuhn, DNP
Dr. Rob Lauf, DDS
Dr. Susan Mathison, MD
Nola McNeally, JD
Kim Meyer
Eric Monson
Amanda Thomas
Jennifer Thompson, JD
J. Patrick Traynor, JD
Director
Director
Treasurer
Director
Chair
Immediate Past Chair
Director
Past Chair
Director
Director
Vice Chair
Secretary
Director
Executive Director, Ex-Officio
LEND A HAND UP BOARD OF DIRECTORS
Stephanie Astrup
Jason Boutwell
Dr. Barbra Brookshire, OD
Julene Brown, RN
Brian Haugen
Peter Hovey
Sindy Keller
Jessica R. Kuhn, DNP
Diane Miller
Laetitia Hellerud
Jane Skalsky
Jennifer Thompson, JD
J. Patrick Traynor, JD
Director
Secretary
Director
Director
Director
Treasurer
Director
Vice Chair
Director
Director
Chair
Director
Executive Director
Not pictured: Peter Jacobson 3
A GIFT TO THE COMMUNITY We are excited to share that, in 2024, Dakota Medical Foundation will be settling into its new home, located just down the road from its current building. Since opening the doors of our current space in 2013, more than 1,400 nonprofits and 100,000 people have used the facility for a variety of charitable purposes. And as demand has continued to grow, so too has our need for more square footage. In 2019, the Foundation began planning its campus of the future. However, just two years later — due to the pandemic — construction and material costs became prohibitive and unpredictable. As a result, building a new space was not a wise investment at the time. Subsequently, an opportunity arose to consider the building we ultimately chose as our future home. This building will allow for even more space than originally planned, as well as future expansion, cost-sharing, and co-location of multiple health-related entities. The impact of this space will go far beyond just meeting rooms. The Foundation views this building as a gift to the community. It will be a place for people to gather during a time when we need it most. According to a recent study, nearly half of Americans report feeling lonely or left out. The strongest communities are the ones that gather together, and this space will be used for exactly that. This is needed not only for the health of every individual but also for the prosperity of the organizations that are working to make our community as healthy as it can possibly be. This building will be a vessel through which DMF can continue to build the capabilities of charities and community leaders. With the expanded space also comes expanded training opportunities, including more extensive board training and coaching programs. The building will serve as a hub for all DMF programs, as well as a potential home for other organizations impacting health in our community, such as a childcare center, a recovery center, and other community groups.
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DMF SUMMIT: DIGITAL ADDICTION With more than half of Americans now diagnosed with a mental illness or disorder at some point in their lives and a suicide occurring once every 11 minutes, what is it about modern life that’s causing such despair? We took on this question at the inaugural DMF Summit sponsored by Matto Foundation, where Dr. Anna Lembke, professor of psychiatry at Dr. Anna Lembke the Stanford University School of Medicine and Author of “Dopamine Nation” bestselling author of “Dopamine Nation,” explored the role that digital addiction and social media have played in hijacking the pleasure centers of our brains. She discussed how addiction works, how it controls our behaviors, and what we can do about it. We welcomed more than 200 in-person attendees to this free event. In addition to Dr. Lembke’s presentation, the floor was opened to the audience for a Q&A session on tackling this epidemic. Among them were mental health professionals, teachers, charity leaders, and other caring adults.
ABOUT HALF OF TEENS and more than 1/4 OF PARENTS say they’re addicted to their mobile devices.1 Common Sense Media
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After the event, DMF launched the “Phones Down, Heads Up Challenge.” This challenge and a variety of other resources are now available for free on the DMF website for community members. Individuals, families, and coworkers are encouraged to follow the three challenge rules below and report back on the DMF website about what their experience was like. Rule #1: Eliminate social media for a week, or abstain from using your phone for a day. Rule #2: Choose three activities from the list provided on the website, and commit to doing them for a week or a day.
As a way to stay top-of-mind for parents and youth in our community, DMF designed and distributed thousands of digital well-being magnets to individuals, families, and businesses free of charge. If you’re interested in ordering some, please contact us directly at Info@DakMed.org.
10 TIPS FOR DIG WELL-BEINGITAL
Parents and care-givers: Put these tip visible, and s somewhere let them rem ind you of go habits to pro od digital mote in your home each day. 1. Get a dedic ated alarm clo ck for everyo This will help ne in your fam you avoid ge ily. tting sucked phone first thi into using you ng in the mo r rning. 2. Have a cen tral charging station for all Just make sur devices in you e it isn’t in a r home. bedroom. 3. Establish sac red spaces in your home wh not allowed, ere devices are even friends and fam while alone. When you spend time wit ily, ask everyo h different roo ne to leave the m. ir phone in a 4. Block specifi c times of the day for both to go technolo you and your gy-free, wheth kids er it’s dinner time range. time or a spe cific 5. Ask your kid s questions eve ry day about This can help how they’re fee keep them fro ling. m processing online in unhe complex emoti althy ways. ons 6. Play game s to discourag e screen use. who checks the Ha ve the first pe ir phone durin rson g a family me al do the dishe 7. Check you s. r screen time every night. Ho accountable ld yourself for self-impo sed daily scree n time limits. 8. When hostin g kids at you r home, have in a basket at them put the the front door. ir phones 9. Turn off all devices at lea st a half hour be fore bedtime 10. Encourag . e your kids to play and exp Get them ou lore without scr t in nature, pla eens. y board game challenge the s with them, m to read har d books, and together. And cook and exe remind them rcise it’s okay to be bored someti mes. Please visit Da kMed.org for more tips an d resources.
Rule #3: C omplete the challenge, and take notes about how you feel. Technology is ubiquitous and a reality of our daily lives, and it’s only through becoming more aware of its effects — both positive and negative — that we can learn to use it in a healthy way.
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IMPACT FOUNDATION Impact Foundation was formed in 2004 through the unique partnership of the innovative boards of Dakota Medical Foundation and the Alex Stern Family Foundation. Both boards saw a pressing need for charities and donors to substantially grow their capabilities to impact health and quality of life.
For DMF’s sister foundation, Impact Foundation, 2023 was the year of boards training. The High Impact Boards team hosted a number of one-on-one retreats with nonprofits across the state and introduced a new group-training model that allowed multiple charities to learn the basics of the IMPACT model at the same time. These multi-charity sessions are a great opportunity for organizations to not only dialogue amongst themselves but also with other nonprofit leaders who are often dealing with many of the same challenges. In total, more than 60 board members from the Giving Hearts Day network were trained in 2023. Our ultimate goal is for every Giving Hearts Day charity board member to experience a training and learn the difference between “sitting” and “serving.”
Group board training in Bismarck with Dakota Children’s Advocacy Center
Make-A-Wish ND board retreat
MEET DAN JACOBSON A respected commercial banker and leader in Fargo for more than four decades, Dan Jacobson has been involved with boards for nearly as long. Dan recently retired and joined the Impact faculty as a boards “coach,” bringing with him a wealth of experience serving on and leading nonprofit boards.
I think the typical board underestimates what they can do as a board and as an organization. Dan Jacobson Impact Faculty Member
Trained in the High Impact Boards model, Dan both delivers trainings and helps boards put the IMPACT framework into practice in their organizations. We are grateful to have Dan’s expertise on the Impact Foundation team, and we know it will help charities reach higher than they ever thought they could.
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Down Home at a group board training in Fargo
Group board training held at DMF
HIGH IMPACT BOARDS BOOK Each participant at board trainings receives a copy of the official Impact Boards book, “Reimagining Board Service.”
MONTHLY NEWSLETTER Each month, the High Impact Boards team distributes a newsletter, containing excerpts from the High Impact Boards book, as well as practical exercises and downloads that organizations can put to use with their own boards immediately. Click here to sign up.
LEND A HAND UP FUNDRAISING CAMPAIGNS Giving Hearts Day........... $125,000 raised Holiday Hand Up..............$42,000 raised Summer Boost...................$20,000 raised
$2 FOR
MILLION RAISED
70 FAMILIES
COMMUNITY FUNDRAISERS Maple River Golf Event .......$29,000 raised Stick It to Cancer.................$65,000 raised LAHU Fore Families.............. $7,000 raised
Medical trauma is a hardship facing far too many families in our area, but there are many other crises that cause significant distress and financial challenges as well. That’s why this year Lend A Hand Up expanded its services to accommodate those families suffering from more than just medical issues. Fundraisers can now be held for families suffering from a traumatic event or the recent death of a family member. With this expansion, Lend A Hand Up is now able to help more families than ever before.
COMMUNITY CRISIS FUNDRAISER A direct benefit of its newly expanded mission, Lend A Hand Up launched its first community crisis fundraiser this year. In response to the July 14 police shooting in Fargo, this fundraiser raised more than $42,000 for officers involved in the shooting and their families.
ANNUAL CAMPAIGNS To kick off the year, Lend A Hand Up raised a total of $125,000 on Giving Hearts Day. In the summer, the program added a new twist to its annual summer fundraiser. The Music Summer Boost Bingo event featured a fun new way to get involved and help families. The fundraiser resulted in a $500 boost for seven families. Rounding out the year with the Holiday Hand Up fundraiser, 34 families received a $1,200 boost, just in time for the holidays.
COMMUNITY FUNDRAISERS Community support reached an all-time high this year. With record participation in the Maple River Ladies Golf Event, $29,000 was raised for Visa gift cards to be donated to families in need. Stick it to Cancer also reached new heights with $65,000 raised through the annual hockey tournament. Finally, a new golf event made its way into the mix. The Lend A Hand Up Fore Families golf event was open to all players wanting to support the program, bringing in an extra $7,000 for families experiencing medical and other crises.
The Lend A Hand Up team wishes to extend its sincere gratitude to the hundreds of volunteers, ambassadors, and champions who made this the most successful LAHU year to date.
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$165M
GIVING HEARTS DAY
Raised since 2008
2023 AT A GLANCE
$26,155,280 Raised in 2023
562
participating charities
41,907 90,351 donors
donations
As the ripple effect of generosity spreads throughout our region, Giving Hearts Day saw more charity participants than ever before and tens of thousands of supporters showing up for them. It’s in this spirit of fellowship that Giving Hearts Day continues to bring together charities, individuals, businesses, and schools around one common goal: helping someone. This year, donors were entered into a drawing to win extra dollars for the charity of their choice. Thanks to generous business sponsors, these “Golden Tickets” ranged in value from $1,000-$25,000 and were awarded to 16 different causes. In total, more than $580,000 in award dollars were available to charities for Giving Hearts Day 2023.
Highlights GIVING HEARTS DAY FOOD DRIVE
GATE CITY BANK CELEBRATES 100 YEARS
INCREASED COMMUNITY INVOLVEMENT
Each year, Giving Hearts Day asks donors to give in the way they are called to, whether that means donating money, donating goods, or pledging to volunteer. Creating an even more convenient way to donate goods, area businesses and food pantries hosted the first-ever statewide GHD Food Drive. In total, 8,500 pounds of foods were donated and distributed to food pantries across North Dakota.
Gate City Bank took their annual charity-nomination contest to a new level this year, when they announced that the winning charity would be receiving $100,000 in celebration of their 100th year in business. The bank invited followers to nominate their favorite charity, and the charity with the most nominations would receive the grand prize — with $5,000 going to each of the next five charities in the running. CCRI walked away with the $100,000, and the following five charities received an additional $5,000; A Moment of Freedom, CHI Friendship, Love Your Buns, Red River Dance & Performing Co., and Valley Senior Living.
Giving Hearts Day offers something for everyone, and each year the program continues to add new ways to invite and include more givers. This year, the team decided to capitalize on the legislative session occurring during Giving Hearts Day. North Dakota legislators were challenged to spread the word about GHD on social media through the Pin Your District Challenge. Once completed, they could place a heart pin on their district on the official map housed at the North Dakota State Capitol building. All 47 districts received a red heart pin!
Food drive at Activate Therapy
Kirkwood Bank food drive 8
Gate City Bank $100,000 giveaway at DMF
Additionally, the program went all-in on business engagement by hosting monthly Lunch & Learns. Here, businesses gathered to connect with one another and learn how they could get involved. These events brought the businesses a greater sense of ownership in their Giving Hearts Day role and increased connection to the hundreds of participating causes.
GO-BIG CHARITIES: SOUL SOLUTIONS AND VALLEY CHRISTIAN As part of a larger commitment to tackling the addiction and mental health crises affecting our region, Dakota Medical Foundation made significant investments in two high-potential charities in 2023: Soul Solutions Recovery Center and Valley Christian Counseling Center. Celebrating its two-year anniversary in December, Soul Solutions provides individuals with treatment and recovery services, taking a unique holistic approach that includes families in the sobriety process. Valley Christian provides a range of mental health services, including Christ-centered counseling and physical and occupational therapy.
VALLEY CHRISTIAN FULLY ALIVE Valley Christian hosted its first-ever “Fully Alive” event in September, bringing national radio personality Susie Larson to the stage of Northview Church in Fargo. Larson spoke to the 1,000-plus attendees about the joy and strength that comes from enjoying God’s presence. The event was a tremendous opportunity for Valley Christian to bring awareness of their services to a large group of people. The day’s festivities also included a private event for Valley Christian staff and a donor-appreciation lunch, of which DMF was the lead sponsor. To help promote “Fully Alive,” the DMF communications and marketing team produced a number of pieces of content alongside Valley Christian, including a video documenting the day and Susie Larson’s keynote address. The team also made a media buy on Valley Christian’s behalf.
PARENT EDUCATION DMF and Valley Christian also partnered on a parent-education event held at the DMF building in October, where counselor Crystal Dunham presented on the dangers of digital addiction and how parents can set up effective digital guardrails in their kids’ lives. As part of the promotion of the event, DMF also co-produced a series of podcast episodes with Valley Christian counselors.
SOUL SOLUTIONS Those familiar with DMF and Impact Foundation’s capacitybuilding efforts will know a saying that we use often: “No money, no mission.” To this end, DMF helped fund Soul Solution’s first-ever development director, Gerri Leach, who brings significant fundraising experience to their team. One of the first fundraising efforts Gerri oversaw was the development of a series of fundraising videos coproduced with DMF’s videography team. The videos not only featured multiple impact stories from real Soul Solutions clients but also highlighted the Soul Solutions family program, which is an integral part of their holistic approach to treatment and recovery.
We recognize the need for a comprehensive approach to treating substance use disorders that bridges the gap between treatment and recovery. -Soul Solutions Clinical Director Patti Senn
As they work to develop their fundraising and leadership capabilities, Soul Solutions has worked extensively with Impact Foundation faculty member Erv Inniger. Erv helps organizations develop an abundance mindset and coaches them on how to recruit and retain major donors for Giving Hearts Day and beyond.
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Funds
2023 DMF DEVELOPMENT Donor-advised funds: $5,163,347 Fiscal hosts: $1,955,414 Endowments: $14,364,617 Distributions: $1,432,030
Since opening its first charitable giving fund in 2002, Dakota Medical Foundation has experienced tremendous growth. Now host to more than 100 donor-advised funds, endowment funds, and fiscal-sponsor projects, we are proud to help support so many wonderful causes making such an extraordinary impact throughout the region.
FUND SPOTLIGHT: DOUG DULMAGE MEMORIAL SCHOLARSHIP In 2023, the Doug Dulmage Memorial Scholarship was established as a partnership among NDSU, Dakota Medical Foundation, and Impact Foundation — as well as numerous friends and family. The purpose of the scholarship fund is threefold: to honor the legacy of Doug Dulmage as a caring friend, neighbor, and family man; to support the next generation of agriculture leaders in North Dakota; and to bring awareness to the rural mental-health crisis. Doug died as the result of a violent attack by a mentally unwell individual, which may have been prevented had the assailant gotten the help they needed. The Doug Dulmage Memorial Scholarship will provide scholarships to students enrolled at NDSU who are pursing degrees in agriculture, food systems, or natural resources.
See below for a highlight of how DMF provides value to its charitable funds. • We handle all the administrative and back-end details for our funds such as keeping detailed records, fund distribution, charitable receipting, and annual IRS reporting. • We work with each of our funds to create a uniquely defined and focused approach to their charitable giving. • We offer various training and resource development opportunities to unleash our donors’ greatest potential to serve others. • We provide the opportunity to participate in the region’s largest day of serving others: Giving Hearts Day. • We connect funds to our vast network of nonprofit partners and share insight on critical community needs. 10
ABOUT DOUG Douglas Edward Dulmage was a 1989 agricultural economics alumni of North Dakota State University. He grew up in Irvine Township on the Dulmage family farm near Leeds, North Dakota. Doug was an active community member and a progressive farmer, always a step ahead in using the latest in production technologies for the family farming operation. He was always there to lend a hand to any community member or friend. He tragically passed away on Aug. 29, 2022, at the age of 56 and left a legacy of humor, kindness, and selflessness.
GIVING HEARTS DAY 2024 This year, the Doug Dulmage Memorial Scholarship Fund will participate in its first Giving Hearts Day. Please consider a gift on Thursday, Feb. 8. Donations will be matched up to $10,000.
NORTH DAKOTA DENTAL FOUNDATION The North Dakota Dental Foundation is creating smiles across the state by: equipping people with the tools they need for good oral health, ensuring every individual has access to dental care, and expanding the dental workforce.
PREVENTION The 1 Million Brushes initiative made significant headway this year with the distribution of 134,560 toothbrushes to K-12 students in North Dakota. In addition, the annual toothbrush packing event at Patterson Dental resulted in 20,000 more toothbrushes being distributed throughout North Dakota by YWCA, Red River Children’s Advocacy Center, and Great Plains Food Bank. The Foundation is now nearly one-quarter of the way to its “1 Million Brushes” goal.
134,560
TOOTHBRUSHES DISTRIBUTED
20,000
TOOTHBRUSH KITS PACKED
ACCESS TO CARE This year, NDDF hosted its first Smiles for Veterans event, a free dental clinic event for North Dakota veterans. More than 25 volunteers came together at Northern Plains Dental in Grand Forks to provide a variety of services to a dozen veterans. Care provided included: prophylaxis, fluoride, fillings, extractions, and x-rays.
WORKFORCE Through the Bright Futures in Dentistry initiative, NDDF continues to create more opportunities for dental careers in our region.
Smiles For Veterans
30 chairside-trained dental assistants
requests were supported
32% increase in ND Dental Assistants since 2017
OPTOMETRIC FOUNDATION OF NORTH DAKOTA The Optometric Foundation is continuing to grow its Vision Start program, with 20 exams provided over the course of 2023. This year, the age range for children to receive free eye exams was expanded from 4- and 5-year-olds to also include 6- and 7-year-olds. The hope is that by increasing the age range, more children will be able to receive free exams and eliminate any barriers to receiving the care they need before vision problems accelerate. OFND now has more than 50 statewide providers qualified to provide free eye exams to kids through the Vision Start program. The Foundation produced its first testimonial video highlighting the process of a family going through the Vision Start program. It will be used for both fundraising and awareness purposes. 11
HELPING
AWARDS HELPING HEARTS AWARDS 2023 Helping Hearts Awards are presented annually to select individuals and organizations that exemplify care, kindness, and compassion for their neighbors. Through their servant leadership, they act as a model for others to follow and emulate. There is no light that shines brighter than that of a Helping Heart!
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Dr. Anna Lembke Professor of Psychiatry, Stanford University School of Medicine
Maple River Ladies Golf Club Lend A Hand Up Ambassadors
Deb Kaul Executive Director, Memory Café of the Red River Valley
Mark Hatlevoll District Sales Representative, Herregan Distributors
Gateway Chevrolet
VISIONBank
IN MEMORIAM: SISTER MARY LOUISE In 2023, the DMF family lost a dear friend, Sister Mary Louise. A Giving Hearts Day participant from the very beginning, her bold dreaming has helped St. Gerard’s Community of Care in Hankinson raise more than $1 million through the day. She was a strong believer and advocate in our mission. Reflecting on her radiant, contagious energy, we are reminded of a story that perfectly encapsulates the light she brought into our lives. In those early days of Giving Hearts Day, Sister Mary Louise attended a training where a drawing took place for $5,000, the largest amount we had ever drawn for to that point. Having been the first to arrive that day, hers was the first name in the bowl, and she worried it would be too far out of reach to be drawn. So she said a prayer that the jar would be properly stirred, and as fate would have it, she was the “lucky” recipient of $5,000! As we set our sights on bigger and bolder dreams, the spirit and presence of Sister Mary Louise guides us. She showed us that, with a little faith, nothing is impossible (and that it’s ok to stir the pot once in a while).
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WORKING WITH AND THROUGH OTHERS We know how much more we can accomplish when we mobilize the community for the greater good. Here are some of the ways we did that in 2023: Estimated Economic Impact 2023 Member/employee match grants: $167K Building “in-kind” usage: $352K
Grants to charities: $446K Outside grants secured: $652K Lend A Hand Up: $2.1M DMF’s charitable funds distributed to health-related charities: $2.6M
$35,317,000
Investment income and other revenue: $2.8M
Giving Hearts Day: $26.2M
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FINANCIALS
ANNUAL FINANCIAL AND INVESTMENT REPORT As of and for the years ended Sept. 30, 2023 and 2022 Finance and Investment Committee Chair Eric Monson
Dakota Medical Foundation is diligent in its choice of investment firms and closely monitors the structure of its portfolio for risk, long-term stability, and performance, as carefully outlined in our investment policies. DMF’s chosen firms predominantly use a “manager of managers” approach, rigorously selecting and overseeing proven individual asset managers. DMF assets are conservatively invested and broadly diversified. DMF has the income stream to operate initiatives, provide grants, and meet operating expenses without liquidating long-term investments during market lows.
FISCAL YEAR 2023
FISCAL YEAR 2022
BALANCE SHEETS
Assets Cash and investments Receivables and other assets Property and equipment, net
$118,966,008 $397,497 $11,136,138
$113,613,771 $512,058 $11,771,804
$130,499,643
$125,897,633
$969,426 $5,313,390 $103,549,201 $20,667,626
$884,396 $5,812,821 $100,085,150 $19,115,266
$130,499,643
$125,897,633
$11,317,365
$4,352,099
$6,829,427 $1,023,887
$5,799,143 $938,768
TOTAL EXPENSES
$7,853,314
$6,737,911
CHANGE IN NET ASSETS WITHOUT DONOR RESTRICTIONS
$3,464,051
($2,385,812)
CHANGE IN NET ASSETS WITH DONOR RESTRICTIONS
$1,552,360
($1,221,514)
CHANGE IN NET ASSETS
$5,016,411
($3,607,326)
TOTAL ASSETS Liabilities and Net Assets Payables and accrued expenses Long-term debt, including current maturities Net assets without donor restrictions Net assets with donor restrictions
TOTAL LIABILITIES AND NET ASSETS ACTIVITIES TOTAL REVENUES AND OTHER SUPPORT WITHOUT DONOR RESTRICTIONS Functional Expenses Program services General and administrative
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Alex Stern family foundation
Partners leading and supporting initiatives to improve health and quality of life in North Dakota and northwest Minnesota
HEALTH &
WELLBEING
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DMF-00095 12/23