Knute Nelson
Only 59% goes to programs $5 to raise $100 Growing revenue
Knute Nelson is a 501(c)(3) organization based in Alexandria, Minnesota, registered in 2024, with $69,612,979 in FY2024 revenue. CharityIndex grades it B+, and it directs about 59% of spending to programs.
2209 Jefferson St Ste 201, Alexandria, MN, 56308 EIN 41-1263433 Since 2024
Revenue (FY2024)
$69.6M
▲ 364.0% vs prior year
Human Services median: $293K
Expenses (FY2024)
$68.2M
Net assets
$32.6M
Employees
1,042
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating59% to programs · $5 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Knute Nelson: 59% to programs · $5 to raise $100 earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Knute Nelson: 6 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Knute Nelson: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Knute Nelson: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Operation of nursing home and senior services
Contact & location
- Address
- 2209 Jefferson St Ste 201, Alexandria, MN, 56308
- City
- Alexandria
- State
- Minnesota
- Category
- Human Services
- Subcategory
- Human Service Organizations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $26.2M (FY2013) to $69.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $54.2MNet assets $32.6M
Operating margin
2.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$86.8M
Total liabilities
$54.2M
Net assets
$32.6M
Salaries & benefits
$39.5M
58% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $69,612,979▲364% | $68,154,035▲364% | $32,637,328▲12.5% | $86,794,701▲12.0% | 990 |
| 2023 | $15,003,667▼75.9% | $14,675,395▼72.7% | $28,998,228▲2.4% | $77,479,014▼0.3% | 990 |
| 2022 | $62,342,294▲26.2% | $53,853,563▲14.2% | $28,314,346▲47.7% | $77,703,739▲12.3% | 990 |
| 2021 | $49,416,918▲7.3% | $47,176,377▲16.4% | $19,171,242▲6.1% | $69,194,088▲3.4% | 990 |
| 2020 | $46,063,980▲21.1% | $40,544,009▲7.0% | $18,066,764▲50.3% | $66,926,254▲1.9% | 990 |
| 2019 | $38,034,818▲4.2% | $37,880,860▲4.6% | $12,022,031▲2.6% | $65,707,296▲7.6% | 990 |
| 2018 | $36,500,745▲1.7% | $36,208,508▲3.6% | $11,721,799▲3.0% | $61,076,015▼0.3% | 990 |
| 2017 | $35,901,524▲7.4% | $34,941,945▲2.1% | $11,385,213▲1.7% | $61,279,159▼1.6% | 990 |
| 2016 | $33,434,314▲13.8% | $34,230,749▲13.4% | $11,193,918▼3.4% | $62,258,954▼5.4% | 990 |
| 2015 | $29,392,026▲5.1% | $30,182,607▲6.9% | $11,590,634▼4.9% | $65,788,667▲1.0% | 990 |
| 2014 | $27,966,574▲6.8% | $28,227,921▲10.2% | $12,191,948▼5.7% | $65,107,374▲54.8% | 990 |
| 2013 | $26,195,342 | $25,620,724▲15.4% | $12,929,751▼1.5% | $42,046,050▼1.8% | 990 |
| 2012 | — | $22,193,839▲10.6% | $13,126,142▼3.7% | $42,828,720▼1.1% | 990 |
| 2011 | — | $20,065,910▲29.9% | $13,633,137▼8.7% | $43,291,924▼9.2% | 990 |
| 2010 | — | $15,449,732▲1.8% | $14,928,494▲5.6% | $47,700,053▲12.3% | 990 |
| 2009 | — | $15,173,051 | $14,136,023 | $42,485,395 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Mark Anderson — $637,648 (0.94% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark Anderson | President/ceo | 39 | $637,648 |
| Katie Perry | Srvp/coo | 38 | $313,783 |
| Marnie Gugisberg | Srvp/cfo | 39 | $300,449 |
| Brooke Zabel | Chief People Officer | 40 | $209,642 |
| Angie Urman | Vp-managed Partnerships | 40 | $206,500 |
| Carol Kraft | Director | 1 | — |
| Chad Coauette | Vice - Chair | 1 | — |
| David Steven Wolf | Past Chair | 1 | — |
| Fred Semmer | Secretary/treasurer | 1 | — |
| Greg Billberg | Director | 1 | — |
| Jeff Montgomery | Director | 1 | — |
| Julie Critz | Director | 1 | — |
| Kate Lee | Director | 1 | — |
| Mick Finn | Director | 1 | — |
| Phil Hanson | Chair | 1 | — |
| Scott Redden | Director | 1 | — |
| Vicki Jodsaas | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Method Rehab | Therapy Contract | $919,960 |
| Centrex Rehab | Therapy Contract | $833,490 |
| Ukg Inc | Payroll Software | $427,356 |
| Coremedical Group | Contracted Labor | $360,283 |
| Homecare Homebase | Ehr Software | $326,032 |
Grants received · $36K total
5 grants to Knute Nelson totaling $36K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $7,750 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $7,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $7,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $8,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $5,500 |
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Frequently asked questions
- Is Knute Nelson a legitimate nonprofit?
- Yes. Knute Nelson is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1263433, based in Alexandria, Minnesota. Donations are tax-deductible.
- What is Knute Nelson's EIN?
- Knute Nelson's Employer Identification Number (EIN) is 41-1263433.
- How much revenue does Knute Nelson report?
- Knute Nelson reported $69,612,979 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Knute Nelson's spending goes to programs?
- Knute Nelson spends about 59% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Knute Nelson have?
- CharityIndex grades Knute Nelson B+, based on program efficiency and fundraising cost.
- How much does Knute Nelson's highest-paid employee make?
- The highest reported compensation on Knute Nelson's latest Form 990 is $637,648, paid to Mark Anderson (President/ceo).
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Data for Knute Nelson (EIN 41-1263433) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.