Parker Hughes Clinics in Minneapolis, Minnesota (MN)

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Parker Hughes Clinics
Employer Identification Number (EIN)411918390
Name of OrganizationParker Hughes Clinics
Address33 S 6th St Ste 4100, Minneapolis, MN 55402-3729
SubsectionCharitable Organization
Ruling Date05/1999
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2006
Assets$5,000,000 to $9,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$5,925,387
Amount of Income$13,326,605
Form 990 Revenue Amount$13,120,375
National Taxonomy of Exempt Entities (NTEE)Diseases, Disorders, Medical Disciplines: Cancer


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Amount of income in 2006: $13,326,605
Parker Hughes Clinics: 

 $13,326,605
Other organizations performing similar types of work: 

 $6,653,891

Assets in 2006: $5,925,387
This organization: 

 $5,925,387
Other organizations performing similar types of work: 

 $10,284,486

Expenses in 2006: $16,936,807
Parker Hughes Clinics: 

 $16,936,807
Other organizations performing similar types of work: 

 $8,087,569

Income to expenses ratio in 2006: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2006: 68.4%
Parker Hughes Clinics: 

 68.4%
Other organizations performing similar types of work: 

 79.7%

Number of employees in 2006: 95
This organization: 

 95
Other organizations performing similar types of work: 

 73

Employees paid over $50,000 in 2006: 14.7%
Parker Hughes Clinics: 

 14.7%
Other organizations performing similar types of work: 

 20.2%

Grants share in income in 2006: 0.2%
Parker Hughes Clinics: 

 0.2%
Other organizations performing similar types of work: 

 100.0%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420052006
Total revenue$11,446,306$24,144,288$36,324,842$47,453,977$31,358,923$28,480,457$13,120,375
Contributions, gifts, grants, and similar amounts received$1,409,249$615,403$744,417$303,630$49,698$40,912$21,932
Contributions to donor advised funds$0
Direct public support$1,409,249$615,403$744,417$303,630$49,698$40,912$21,932
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$9,848,065$23,503,759$35,654,887$47,239,680$30,963,731$28,663,388$13,580,866
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$188,992$25,126$49,556$9,213$12,202$12,701$5,709
Dividends and interest from securities$0$0$0$18,164$1,074$3,765$7,053
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$287,433$0$134,936$-26,159
Gross amount from sales of assets other than inventory$0$0$0$1,433,023$0$134,936$180,071
Less: cost or other basis and sales expenses$0$0$0$1,145,590$0$0$206,230
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$0$0$-124,018$-404,143$332,218$-375,245$-469,026
Total expenses$9,918,144$19,982,136$30,247,251$49,117,781$35,113,399$30,281,868$16,936,807
Program services$7,119,487$14,275,198$24,557,167$38,264,699$26,128,025$23,379,198$11,590,247
Management and general$2,798,657$5,706,938$5,513,635$10,853,082$8,985,374$6,902,670$5,346,560
Fundraising$0$0$176,449$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$2,182,197$6,344,349$12,604,515$10,758,136$6,243,364$5,945,684$2,129,252
Excess or (deficit) for the year$1,528,162$4,162,152$6,077,591$-1,663,804$-3,754,476$-1,801,411$-3,816,432
Net assets or fund balances at beginning of year$654,035$2,182,197$6,344,349$12,604,515$10,758,136$6,243,364$5,945,684
Other changes in net assets or fund balances$0$0$182,575$-182,575$-760,296$1,503,731$0
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$16,936,807$11,590,247$5,346,560$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$887,879$467,122$420,757$0
Compensation of former officers, directors, key employees, etc.$125,528$125,528$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$2,285,272$993,427$1,291,845$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$178,055$77,178$100,877$0
Payroll taxes$274,888$126,261$148,627$0
Professional fundraising fees$0$0$0$0
Accounting fees$61,736$0$61,736$0
Legal fees$1,567,685$0$1,567,685$0
Supplies$353,503$319,839$33,664$0
Telephone$85,725$30,957$54,768$0
Postage and shipping$16,353$0$16,353$0
Occupancy$598,769$237,439$361,330$0
Equipment rental and maintenance$168,065$116,467$51,598$0
Printing and publications$16,406$9,661$6,745$0
Travel$20,090$3,100$16,990$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$321,976$0$321,976$0
Other expenses not covered above$9,974,877$9,083,268$891,609$0
Balance Sheets
2000200120022003200420052006
Total assets$6,083,677$8,701,747$16,693,700$17,167,275$10,358,671$10,634,807$7,819,709
Cash - non-interest-bearing$549,582$294,670$608,205$147,003$1,755,696$728,913$154,367
Savings and temporary cash investments$1,178,614$1,304,255$2,895,943$4,546,184$1,108,919$100,233$66,388
Accounts receivable less allowance for doubtful accounts$893,125$4,857,014$8,067,916$7,850,631$5,264,885$4,085,330$1,560,272
Pledges receivable less allowance for doubtful accounts$0$0$85,613$13,300$35,960$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$31,494$0$750,000$1,750,000$0$4,250,000$5,436,775
Inventories for sale or use$292,142$295,667$806,668$903,446$306,826$284,969$55,151
Prepaid expenses and deferred charges$45,847$34,466$41,450$168,018$281,644$231,422$84,432
Investments - publicly-traded securities$0
Investments - other securities$1,500,000$0$1,328,165$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$1,783,273$1,944,678$1,689,755$1,212,336$758,206$337,374
Investments - other$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$1,544,816$0$0$0$0$0$0
Other assets, including program-related investments$48,057$132,402$165,062$98,938$392,405$195,734$124,950
Total liabilities$3,901,480$2,357,398$4,089,185$6,409,139$4,115,307$4,689,123$5,690,457
Accounts payable and accrued expenses$776,480$2,357,398$3,985,167$5,804,139$4,115,307$3,444,526$3,796,135
Grants payable$0$0$0$0$0$0$0
Deferred revenue$3,125,000$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$0$0$104,018$605,000$0$1,244,597$1,894,322
Total liabilities and net assets/fund balances$6,083,677$8,701,747$16,693,700$17,167,275$10,358,671$10,634,807$7,819,709
Total net assets or fund balances$2,182,197$6,344,349$12,604,515$10,758,136$6,243,364$5,945,684$2,129,252
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420052006
Total revenue$11,446,306$24,144,288$36,324,842$47,453,977$31,358,923$28,480,457$13,120,375
Total revenue, gains, and other support per audited financial statements$11,446,306$23,786,268$36,856,855$48,547,093$31,518,832$29,445,771$13,935,094
Other expenses$0$0$407,995$1,386,987$283,573$1,330,519$814,719
Net unrealized gains on investments$0$0$182,575$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$225,420$1,386,987$283,573$1,330,519$814,719
Other revenue$0$358,020$-124,018$293,871$123,664$365,205$0
Investment expenses$0$0$0$0$0$0$0
Other$0$358,020$-124,018$293,871$123,664$365,205$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420052006
Total expenses$9,918,144$19,982,136$30,247,251$49,117,781$35,113,399$30,281,868$16,936,807
Total expenses and losses per audited financial statements$9,918,144$19,982,136$30,695,844$50,882,356$35,447,877$31,985,008$18,747,292
Other revenue$0$0$448,593$1,764,575$334,478$1,703,140$1,810,485
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$448,593$1,764,575$334,478$1,703,140$1,810,485
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?Yes
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200695
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$-482,423$13,580,866
Program service revenue
Program service revenue 1000000$000$0$11,000,501
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$2,580,365
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$5,709$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$7,053$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-26,159$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$-469,026$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
201602005100%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$150,162$3,031$0
$130,130$5,574$0
$72,296$3,509$0
$58,608$11,265$0
$66,726$3,031$0
Total number of other employees paid over $50,0009
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
1999200020012002200320042005
Total$5,763,249$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$5,719,246$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$44,003$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska1
Arkansas1
California2
Colorado1
Florida1
Georgia3
Illinois1
Indiana2
Massachusetts1
Michigan2
Minnesota1
North Dakota1
Nevada1
New York1
Ohio1
Pennsylvania4
Tennessee1
Texas5
Washington2
Total32

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