Mankato Clinic Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To provide, promote and develop health education and healthy lifestyle awareness to members of the Mankato Clinic service area.
- Income
- $431,445
- Spending
- $357,467
- Spent on programs
- 96%
- Reserves
- 56.9 months of spending
- Largest source of income
- donations and private grants, 99%
- Employees
- 0
- Volunteers
- 12
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 84% of charities in its peer group (health care, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 56.9 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 17% of income.
Income trend
15 of 15Income rose 55% on the year before.
Spending floor
15 of 1596% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 91 out of 100. Higher than 72% of charities in its peer group (health care, $250k to $1m).
Independent board
25 of 2512 of 12 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $298,002 spent. The Foundation provided grants to organizations that focus on promoting healthy lifestyles and wellness in the community. In addition, money is provided to South Central College to award as scholarships to nursing students in their respective programs.The Foundation provided scholarships to area Mankato Clinic employees who are students starting or advancing health care education programs at the college level. Four direct scholarships were awarded.
- $27,995 spent. The Foundation assists with health education projects including Educare, car seat safety, and Student Athlete Concussion Management Program.Educare is a non-profit, public entity which provides financial support to Mankato Area Public Schools, beyond the normal operating budgets, for programs and activities that enhance educational opportunities for all students. Through this funding we enable teachers to explore new ways to expand a world of learning for their students.The car seat safety program provides on-going, free of charge car seat safety lessons open to the public. This class helps parents avoid mistakes that can put their children at risk. The classes are taught by certified Child Passenger Safey technicians. This program serves 100 - 200 families each year. The Impact Program provides special software which can evaluate possible sports related head injuries in high school athletes. This program is utilized at nine schools and one youth hockey league. This program serves approximately 1,700 student athletes per year.
- $3,000 spent. The Foundation provided scholarships to area Mankato Clinic employees who are students starting or advancing health care education programs at the college level. Six direct scholarships were awarded.
- $12,500 spent. The Mental Health First Aid is a program in which a care manager who is certified in mental health first aid teaches a class to local businesses and organizations about how to handle situations in which someone is dealing with mental health issues in the work place.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 1966.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.