Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 09-01-2024 , and ending 08-31-2025
Name of foundation
GENERATIONS HEALTH CARE INITIATIVES INC
 
Number and street (or P.O. box number if mail is not delivered to street address)130 W SUPERIOR STREET 700
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DULUTH, MN55802
A Employer identification number

41-2000473
B Telephone number (see instructions)

(218) 336-5700
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$13,508,074J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 459,618
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 255,694 255,694  
5a Gross rents............ 9,720    
b Net rental income or (loss) 9,720
6a Net gain or (loss) from sale of assets not on line 10 753,104
b Gross sales price for all assets on line 6a 2,007,826
7 Capital gain net income (from Part IV, line 2)... 753,104
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,625 0  
12 Total. Add lines 1 through 11........ 1,481,761 1,008,798  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 196,030 7,276   188,754
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
22,275 1,114   24,916
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
66,183 52,356   15,852
17 Interest............... 2,674 0   2,674
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
13,453 98   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
7,904 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,975 0   3,951
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
436,744 1,037   421,486
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 749,238 61,881   657,633
25 Contributions, gifts, grants paid....... 347,822 364,636
26 Total expenses and disbursements. Add lines 24 and 25 1,097,060 61,881   1,022,269
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 384,701
b Net investment income (if negative, enter -0-) 946,917
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 75,711 57,363 57,363
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow40,900
Less: allowance for doubtful accounts right arrow   35,078 40,900 40,900
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 10,332 12,952 12,952
10a Investments—U.S. and state government obligations (attach schedule) 1,162,573 Click to see attachment
List of Attached Documents:
// Content
1,254,938 		1,254,938
b Investments—corporate stock (attach schedule)....... 8,606,540 Click to see attachment
List of Attached Documents:
// Content
9,080,488 		9,080,488
c Investments—corporate bonds (attach schedule)....... 1,950,346 Click to see attachment
List of Attached Documents:
// Content
1,997,803 		1,997,803
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 794,307 Click to see attachment
List of Attached Documents:
// Content
972,160 		972,160
14 Land, buildings, and equipment: basis right arrow80,142
Less: accumulated depreciation (attach schedule) right arrow56,240 26,015 Click to see attachment
List of Attached Documents:
// Content
23,902 		23,902
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
93,983 		Click to see attachment
List of Attached Documents:
// Content
67,568 		Click to see attachment
List of Attached Documents:
// Content
67,568
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,754,885 13,508,074 13,508,074
Liabilities 17 Accounts payable and accrued expenses.......... 152,438 119,081
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
119,298 		Click to see attachment
List of Attached Documents:
// Content
85,968
23 Total liabilities (add lines 17 through 22)......... 271,736 205,049
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 12,483,149 13,303,025
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 12,483,149 13,303,025
30 Total liabilities and net assets/fund balances (see instructions). 12,754,885 13,508,074
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
12,483,149
2
Enter amount from Part I, line 27a .....................
2
384,701
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
435,175
4
Add lines 1, 2, and 3 ..........................
4
13,303,025
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,303,025
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,827,746   1,254,722 573,024
b 180,080     180,080
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       573,024
b       180,080
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 753,104
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 13,162
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 13,162
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 13,162
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 13,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 8,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 21,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 4
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 7,834
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow7,834 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.GHCI.US
14
The books are in care ofright arrowTERRY LEONIDAS Telephone no.right arrow (218) 336-5702

Located atright arrow130 W SUPERIOR STREET SUITE 700DULUTHMN ZIP+4right arrow55802
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
NIK ALLEN DIRECTOR
0.30 		0 0 0
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
KIM DAUNER VICE CHAIR
0.50 		0 0 0
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
ROBIN DAVIDSON DIRECTOR
0.30 		0 0 0
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
SASHEEN GOSLIN DIRECTOR
0.30 		0 0 0
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
HOLLEY KELSEY-HENRY DIRECTOR
0.30 		0 0 0
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
JULIA LEE DIRECTOR
0.30 		0 0 0
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
TRACY ONCHWARI DIRECTOR
0.30 		0 0 0
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
JIM SPREITZER SECRETARY/TREASURER
0.50 		0 0 0
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
STACY JOHNSTON CHAIR
0.50 		0 0 0
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
YVONNE MICHAUD NOVAK PAST CHAIR
0.30 		0 0 0
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
ELIZABETH HENDERSON DIRECTOR
0.30 		0 0 0
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
TERRY LEONIDAS CFO
20.00 		35,637 2,495 1,260
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
JESSIE PETERSON EXECUTIVE DIRECTOR
40.00 		133,600 22,198 840
130 WEST SUPERIOR STREET SUITE 700
DULUTH,MN55802
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
MEGAN BREMMON PROGRAM DIRECTOR
40.00 		77,209 18,280 1,260
130 W SUPERIOR STREET SUITE 700
DULUTH,MN55802
SONIA KJOS MANAGEMENT INFORMATI
24.00 		63,459 4,442 420
130 W SUPERIOR STREET SUITE 700
DULUTH,MN55802
SARAH NELSON PROGRAM MANAGER
30.00 		57,498 4,025 175
130 W SUPERIOR STREET SUITE 700
DULUTH,MN55802
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 IMPROVING ACCESS TO CARE - GENERATIONS (GHCI) LEADS THE INSURE DULUTH COALITION, 15 ORGANIZATIONS PROVIDING A COORDINATED COMMUNITY APPROACH TO 1) INFORMING RESIDENTS OF DULUTH AND THE SURROUNDING AREA ABOUT COVERAGE OPPORTUNITIES AVAILABLE THROUGH MNSURE, 2) CONDUCTING OUTREACH TO TARGETED POPULATIONS TO ENCOURAGE ENROLLMENT, AND 3) PROVIDING INDIVIDUAL ENROLLMENT ASSISTANCE. GHCI COORDINATES PROJECT ACTIVITIES AND PROVIDES MANAGEMENT FOR GRANTS PROVIDED BY MNSURE. ADDITIONALLY, GHCI FUNDS THE LAKE SUPERIOR COMM. HLTH. CTR. TO OPERATE ITS HEALTH CARE ACCESS OFFICE. THE OFFICE HELPS TO INCREASE ACCESS TO HEALTH CARE FOR THE UNINSURED AND UNDER-INSURED BY ENROLLING THEM IN HEALTH COVERAGE AND PHARMACEUTICAL ASSISTANCE PROGRAMS. THE STAFF SCREENS INDIVIDUALS, ASSISTS IN COMPLETING THE APPLICATIONS, AND PROVIDES ADVOCACY. 389,273
2 LEVERAGING AND SUPPORTING STRATEGIC ALLIANCES - GENERATIONS PROVIDES LEADERSHIP AND FINANCIAL SUPPORT TO INITIATIVES IN THE REGION INCLUDING: 1) BRIDGE TO HEALTH SURVEY - A REGIONAL ADULT HEALTH STATUS SURVEY. GENERATIONS SERVES AS THE BACKBONE ORGANIZATION OF THIS EFFORT, RESPONSIBLE FOR FUNDRAISING, COORDINATING, AND COMMUNICATING THE SURVEY RESULTS. 2) BRIDGING HEALTH DULUTH (BHD) - A COLLABORATIVE THAT DEVELOPS A COMMUNITY HEALTH NEEDS ASSESSMENT AND EXECUTES A COMMUNITY HEALTH IMPLEMENTATION PLAN. 155,751
3 ADVANCING HEALTH EQUITY - GENERATIONS PROVIDES FUNDS AND SUPPORT TO THE FOLLOWING ORGANIZATIONS AND INITIATIVES AIMED AT IMPROVING HEALTH EQUITY IN THE COMMUNITY: 1) DULUTH COMMUNITY SCHOOL COLLABORATIVE TO EMPLOY A COMMUNITY HEALTH WORKER (CHW) TO SERVE STUDENTS AND FAMILIES IN MYERS-WILKENS ELEMENTARY SCHOOL, LINCOLN PARK MIDDLE SCHOOL AND DENFELD HIGH SCHOOL THAT ARE EXPERIENCING BARRIERS TO HEALTH. 2) HEALTH EQUITY NORTHLAND AND OTHER PARTNERS ON AN AFRICAN HERITAGE COVID-19 OUTREACH PROJECT WITH FOCUS ON SYSTEMIC CAUSES OF HEALTH INEQUITIES. 3) BRIDGING HEALTH DULUTH (BHD) ON FOCUSING EQUITY IN THE COMMUNITY HEALTH NEEDS ASSESSMENT AND IMPLEMENTATION PLAN PROCESS. 4) BHD RESOURCEFUL PROJECT ON RECRUITING AND SUPPORTING A COMMUNITY ADVISORY TEAM IN A COMMUNITY PARTICIPATORY BASED EVALUATION PROCESS. 150,312
4 PROGRAM DEVELOPMENT - GENERAL PROGRAM DEVELOPMENT INCLUDES ACTIVITIES SUCH AS FORMATIVE RESEARCH, PROGRAM PLANNING, AND TRAINING RELATED TO PROGRAM DEVELOPMENT. EFFORTS WERE DEVELOPED ON AN APPLICATION TO THE MINNESOTA DEPARTMENT OF HEALTH FOR AN EMERGING SCHOOL BASED HEALTH CENTER GRANT. IT IS HOPED THAT WE WILL BE SELECTED AS A GRANTEE FOR THIS FALL/WINTER. 13,423
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
11,766,466
b
Average of monthly cash balances.......................
1b
87,414
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
11,853,880
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
11,853,880
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
177,808
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
11,676,072
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
583,804
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
583,804
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
13,162
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
13,162
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
570,642
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
570,642
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
570,642
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,022,269
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
5,791
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,028,060
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 570,642
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 302,475
b From 2020...... 508,635
c From 2021...... 249,712
d From 2022...... 414,581
e From 2023...... 393,298
f Total of lines 3a through e ........ 1,868,701
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,028,060
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 570,642
e Remaining amount distributed out of corpus 457,418
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,326,119
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		302,475
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		2,023,644
10 Analysis of line 9:
a Excess from 2020.... 508,635
b Excess from 2021.... 249,712
c Excess from 2022.... 414,581
d Excess from 2023.... 393,298
e Excess from 2024.... 457,418
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

COMMUNITY ACTION DULUTH INC

2424 W 1ST ST SUITE 102
DULUTH,MN55805 		N/A PC INFORMING RESIDENTS ABOUT COVERAGE THROUGH MNSURE 25,860

DULUTH COMMUNITY SCHOOL COLLABORATIVE

1027 N 8TH AVE E
DULUTH,MN55805 		N/A PC EDUCATE FAMILIES ON ACCESS TO HEALTH CARE 100,122

LAKE SUPERIOR COMMUNITY HEALTH CENTER

4325 GRAND AVE
DULUTH,MN55807 		N/A PC INFORMING RESIDENTS ABOUT COVERAGE THROUGH MNSURE 181,732

LINCOLN PARK CHILDREN'S FAMILIES COLLABORATIVE

2424 WEST 5TH ST
DULUTH,MN55805 		N/A PC RENOVATE NEW SPACE 5,000

WE HEALTH CLINIC

32 EAST 1ST ST SUITE 300
DULUTH,MN55802 		N/A PC INFORMING RESIDENTS ABOUT COVERAGE THROUGH MNSURE 11,623

YMCA AT THE ESSENTIA WELLNESS CENTER

PO BOX 3678
DULUTH,MN55803 		N/A PC INFORMING RESIDENTS ABOUT COVERAGE THROUGH MNSURE 35,299

ZEITGEIST ARTS

222 E SUPERIOR ST
DULUTH,MN55802 		N/A PC DOWNTOWN DULUTH OUTREACH SPECIALIST 5,000
Total .................................right arrow 3a 364,636
bApproved for future payment

DULUTH COMMUNITY SCHOOL COLLABORATIVE
1027 N 8TH AVE E
DULUTH,MN55805 		N/A PC EDUCATE FAMILIES ON ACCESS TO HEALTH CARE 8,827

LAKE SUPERIOR COMMUNITY HEALTH CENTER
4325 GRAND AVE
DULUTH,MN55807 		N/A PC INFORMING RESIDENTS ABOUT COVERAGE THROUGH MNSURE 22,433

YMCA AT THE ESSENTIA WELLNESS CENTER
PO BOX 3678
DULUTH,MN55803 		N/A PC INFORMING RESIDENTS ABOUT COVERAGE THROUGH MNSURE 3,946

WE HEALTH CLINIC
32 EAST 1ST ST SUITE 300
DULUTH,MN55802 		N/A PC INFORMING RESIDENTS ABOUT COVERAGE THROUGH MNSURE 2,803
Total ................................. right arrow 3b 38,009
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 255,694  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 9,720  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 753,104  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		        3,625
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,018,518 3,625
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,022,143
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11A OTHER INCOME
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
GENERATIONS HEALTH CARE INITIATIVES INC
 
Employer identification number

41-2000473
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
GENERATIONS HEALTH CARE INITIATIVES INC
  		Employer identification number
41-2000473
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
MNSURE
 
355 RANDOLPH AVE
 
ST PAUL, MN55102

$ 262,987


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
ST LOUIS COUNTY - COMMUNITY HEALTH BOARD
 
404 WEST SUPERIOR ST
 
DULUTH, MN55802

$ 28,515


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
ESSENTIA HEALTH
 
407 E 3RD ST
 
DULUTH, MN55805

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
PINE COUNTY PUBLIC HEALTH
 
635 NORTHRIDGE DR NW SUITE 220
 
PINE CITY, MN55063

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
KANABEC COUNTY COMMUNITY HEALTH
 
905 EAST FOREST AVE SUITE 127
 
MORA, MN55051

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
LAKE COUNTY HEALTH & HUMAN SERVICES
 
616 3RD AVE
 
TWO HARBORS, MN55616

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
GENERATIONS HEALTH CARE INITIATIVES INC
  		Employer identification number
41-2000473
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
HEALTH PARTNERS
 
PO BOX 9480
 
MINNEAPOLIS, MN55440

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
CARLTON COUNTY PUBLIC HEALTH & HUMAN SERVICES
 
14 N 11TH STREET
 
CLOQUET, MN55720

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
ST LUKES FOUNDATION
 
1000 E 1ST ST
 
DULUTH, MN55805

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
ASPIRUS ST LUKES
 
915 EAST FIRST ST
 
DULUTH, MN55805

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
11
ST LOUIS COUNTY PUBLIC HEALTH
 
320 W 2ND ST
 
DULUTH, MN55802

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
12
NORTHERN LAKES HEALTH CONSORIUM
 
600 E SUPERIOR ST SUITE 404
 
DULUTH, MN55802

$ 14,915


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
GENERATIONS HEALTH CARE INITIATIVES INC
  		Employer identification number

41-2000473
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
GENERATIONS HEALTH CARE INITIATIVES INC
  		Employer identification number

41-2000473
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 22,275 1,114   24,916

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 AmortizationSchedule
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
RIGHT-OF-USE LEASE ASSET 2022-09-01 144,370 50,387 65.000000000000 26,415 0   76,802

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
LEASEHOLD IMPROVEMENTS 2001-01-01 8,211 8,211 SL 15.000000000000 0 0    
MOVEABLE EQUIPMENT 2001-01-01 71,931 40,125 SL 5.000000000000 7,904 0    

TY 2024 InvestmentsCorpBondsSchedule
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Name of Bond End of Year Book Value End of Year Fair Market Value
AMAZON.COM INC 33,692 33,692
ANTHEM INC 39,660 39,660
APPLE INC 30,229 30,229
ASTRAZENECA FINANCE LLC 40,475 40,475
AT&T INC 20,031 20,031
BANK OF AMERICA CORP 54,187 54,187
BLACKROCK INC 35,533 35,533
BRISTOL-MYERS SQUIBB CO. 14,140 14,140
CAPITAL ONE FINANCIAL CO 39,756 39,756
COMCAST CORP 45,144 45,144
CVS HEALTH CORP 37,770 37,770
DIGITAL REALTY TRUST LP 39,686 39,686
DOLLAR GENERAL CORP 25,818 25,818
DUKE ENERGY CORP 19,733 19,733
EQUINIX INC 32,820 32,820
FEDERATED HERMES INSTITUTIONAL HIGH YIELD BOND FUND 439,377 439,377
FEDEX CORP 13,330 13,330
GEORGIA POWER CO 35,556 35,556
INTEL CORP 42,829 42,829
ISHARES MBS ETF 44,816 44,816
JPMORGAN CHASE & CO 53,388 53,388
KINDER MORGAN INC 20,364 20,364
META PLATFORMS INC. 15,293 15,293
METLIFE INC 31,399 31,399
MORGAN STANLEY 39,787 39,787
NATIONAL RURAL UTIL COOP 35,330 35,330
O'REILLY AUTOMOTIVE INC 25,028 25,028
PAYDEN EMERGING MARKETS BOND FUND 234,556 234,556
PIMCO INTERNATIONAL BOND FUND 280,422 280,422
PNC FINANCIAL SERVICES 18,685 18,685
ROYAL BANK OF CANADA 14,709 14,709
UNION PACIFIC CORP 13,629 13,629
VIRGINIA ELEC & POWER CO 35,165 35,165
WALT DISNEY COMPANY/THE 50,952 50,952
WESTPAC BANKING CORP 44,514 44,514

TY 2024 InvestmentsCorpStockSchedule
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Name of Stock End of Year Book Value End of Year Fair Market Value
ABERDEEN EMERGING MARKETS 544,587 544,587
ADOBE INC 34,957 34,957
ALPHABET INC CL C 150,325 150,325
AMAZON COM INC COM 154,346 154,346
AMEX CONSUMER DISCR SPDR 339,267 339,267
AMEX ENERGY SELECT SPDR 203,378 203,378
ANALOG DEVICES INC 27,644 27,644
APPLE INC 159,712 159,712
ARISTA NETWORKS INC 52,708 52,708
ARTISAN INTERNATIONAL FUND INSTITUTIONAL CLASS 435,606 435,606
BOSTON SCIENTIFIC CORP COM 36,081 36,081
BROADCOM INC 115,090 115,090
CADENCE DESIGN SYSTEMS INC 35,393 35,393
CANADIAN PACIFIC KANSAS CITY L 28,343 28,343
CHIPOTLE MEXICAN GRILL INC 27,433 27,433
CORPAY INC 22,471 22,471
COSTAR GROUP, INC 23,178 23,178
DANAHER CORP 18,730 18,730
DATADOG INC 36,630 36,630
DEXCOM INC 31,115 31,115
DODGE & COX INTERNATIONAL STOCK FUND 610,237 610,237
DODGE & COX STOCK FUND 1,218,281 1,218,281
ECOLAB INC 27,981 27,981
ELI LILLY & CO COM 36,629 36,629
FINANCIAL SELECT SECTOR SPDR FUND 283,448 283,448
INTERCONTINENTAL EXCHANGE, INC 21,192 21,192
INTUITIVE SURGICAL INC 32,184 32,184
ISHARES MSCI EAFE ETF 203,543 203,543
ISHARES MSCI EMERGING MARKETS 320,351 320,351
ISHARES RUSSELL 2000 ETF 423,306 423,306
ISHARES RUSSELL MID-CAP GROWTH 467,316 467,316
ISHARES RUSSELL MID-CAP VALUE 207,885 207,885
JP MORGAN MID CAP VALUE FUND-CLASS R6 479,321 479,321
META PLATFORMS INC. 120,408 120,408
MICROSOFT CORP 221,424 221,424
MORGAN STANLEY COM 24,679 24,679
NETFLIX INC 43,497 43,497
NEUROCRINE BIOSCIENCES INC COM 24,430 24,430
NVIDIA CORP COM 352,018 352,018
OKTA INC 23,842 23,842
PALO ALTO NETWORKS INC 34,294 34,294
POOL CORPORATION COM 12,428 12,428
POWERSHARES DB COMMODITY INDEX 508,054 508,054
S&P GLOBAL INC 25,777 25,777
SALESFORCE INC 40,488 40,488
SERVICENOW INC. 34,863 34,863
SPOTIFY TECHNOLOGY S.A. 29,321 29,321
T ROWE PRICE INSTITUTIONAL EMERGING MARKETS EQUITY FUND 231,626 231,626
TRACTOR SUPPLY CO COM 23,839 23,839
TRADE DESK INC/THE 23,340 23,340
TRANSDIGM GROUP INC COM 33,573 33,573
TRIBUTARY SMALL COMPANY FUND CLASS 207,790 207,790
UBER TECHNOLOGIES INC 38,813 38,813
ULTA BEAUTY, INC. 26,115 26,115
UNITEDHEALTH GROUP INC 20,761 20,761
VERTEX PHARMACEUTICALS INC COM 23,852 23,852
VERTIV HOLDINGS LLC 28,826 28,826
VISA INC-CLASS A SHRS 63,320 63,320
WALMART INC 21,239 21,239
XPO LOGISTICS INC 33,203 33,203

TY 2024 InvestmentsGovtObligationsSch
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
US Government Securities - End of Year Book Value:

1,254,938
US Government Securities - End of Year Fair Market Value:

1,254,938
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACC INT REC - SECURITIES FMV 21,307 21,307
MONEY MARKET FUNDS FMV 950,853 950,853

TY 2024 LandEtcSchedule2
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LEASEHOLD IMPROVEMENTS 8,211 8,211 0  
MOVEABLE EQUIPMENT 71,931 48,029 23,902  


TY 2024 OtherAssetsSchedule
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
RIGHT-OF-USE LEASE ASSETS 93,983 67,568 67,568


TY 2024 OtherExpensesSchedule
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSES 6,843 0   6,916
DUES AND MEMBERSHIPS 1,179 0   1,179
PARKING 2,924 0   3,077
INSURANCE 6,428 0   6,511
LEASED EMPLOYEES 43,465 0   55,323
COMPUTER SUPPLIES & SOFTWARE 36,303 0   38,904
PROGRAM DEVELOPMENT 5,591 0   5,623
LEVERAGING AND SUPPORTING STRATEGIC ALLIANCES 83,096 0   83,160
PAYROLL FEES 20,727 1,036   20,727
ADVANCING HEALTH EQUITY 57,428 0   57,451
IMPROVING ACCESS TO CARE 146,320 0   116,107
TAX RETURN REGISTRATION 25 1   25
AMORTIZATION 26,415 0   26,483


TY 2024 OtherIncomeSchedule2
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 3,625   3,625


TY 2024 OtherIncreasesSchedule
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Description Amount
UNREALIZED GAIN ON INVESTMENTS 435,175


TY 2024 OtherLiabilitiesSchedule
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Description Beginning of Year - Book Value End of Year - Book Value
ASSETS HELD FOR OTHERS 26,806 18,470
RIGHT-OF-USE LEASE LIABILITIES 92,492 67,498


TY 2024 OtherProfessionalFeesSchedule
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 52,356 52,356   0
OTHER PROFESSIONAL FEES 13,827 0   15,852


TY 2024 TaxesSchedule
Name:
GENERATIONS HEALTH CARE INITIATIVES INC
EIN:
41-2000473
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 13,355 0   0
FOREIGN TAXES 98 98   0