No matter what. - Planned Parenthood
No matter what. - Planned Parenthood
No matter what. - Planned Parenthood
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<strong>No</strong> <strong>matter</strong> <strong>what</strong>.<br />
2011 Annual Report
Dear Friends,<br />
Our incredible patients inspire us with their stories every<br />
day. Kate has beaten cervical cancer not once, not twice,<br />
but three times. A young, thirty-year-old mom without<br />
insurance and with a pre-existing condition, she knew<br />
one place she could always count on for the care she<br />
needed was <strong>Planned</strong> <strong>Parenthood</strong>. And we were there<br />
for her, providing a diagnosis that saved her life, and<br />
offering compassionate, non-judgmental health care.<br />
As you well know, women’s access to health care was<br />
again under attack in 2011 at the federal, state, and<br />
local levels. Yet through it all, our highly trained doctors,<br />
nurses, and other health care professionals proudly came<br />
to work every day so that people like Kate would have<br />
access to the care they need. Our doors remain open to<br />
everyone, no <strong>matter</strong> <strong>what</strong>.<br />
The support that we’ve felt has been magnificent.<br />
Throughout it all, you have made it possible for us to<br />
be there for Kate, and tens of thousands like her. It is<br />
because of your support that we are the leading provider<br />
of reproductive and sexual health care in our region.<br />
Letter from the President & CEO and Board Chair<br />
One in five women has turned to us at some point in their<br />
lives. Tens of thousands of women and men in our region<br />
rely on us as their medical home, and we are honored to<br />
serve them.<br />
As we look into the future, we pledge to do even more,<br />
opening our doors to additional people—just like Kate.<br />
We want to optimize new technologies to empower<br />
women, men, and teens. We want to expand our scope<br />
of practice and offer accessible health care to a broader<br />
range of people.<br />
Without a doubt, our life-changing work would not be<br />
possible without your generous kindness.<br />
With grateful thanks,<br />
Sarah Stoesz Stacey Mills<br />
President & CEO Board Chair
62,485 women and men<br />
received health care from<br />
<strong>Planned</strong> <strong>Parenthood</strong> clinics<br />
across Minnesota and<br />
South Dakota.
71 percent of our<br />
patients received care —<br />
including 26,645<br />
cancer screenings —<br />
at little or no cost.
300,000 supporters in<br />
Minnesota, <strong>No</strong>rth Dakota,<br />
and South Dakota<br />
stood tall with us.
25,490 teens,<br />
young adults, and<br />
parents took charge<br />
of their futures.
“We are proud to represent<br />
two generations that stand by<br />
<strong>Planned</strong> <strong>Parenthood</strong>.<br />
We share a common commitment<br />
with thousands of supporters<br />
who believe that safe, accessible,<br />
and affordable reproductive health care<br />
should be available today and<br />
for generations of women to come.”<br />
— Susanne Lilly Hutcheson and Perrin Lilly, donors
2012 Board of Directors *<br />
OFFICERS<br />
Stacey L. Mills, Chair<br />
Lynn M. Abrahamsen,<br />
Vice Chair<br />
Susan Weinberg, Treasurer<br />
Tom Sanders, Secretary<br />
2012 Staff Leadership<br />
Sarah Stoesz, President &<br />
Chief Executive Officer<br />
Carol E. Ball, M.D., Medical Director<br />
Sherry Behm, Vice President,<br />
Clinical Operations<br />
2011 Board of Directors<br />
OFFICERS<br />
Sarah Dodge, Chair<br />
Stacey L. Mills, Vice Chair<br />
Susan Weinberg, Treasurer<br />
Tom Sanders, Secretary<br />
DIRECtORS<br />
Jane Ahlin<br />
Suzanna de Baca<br />
Mary P. Foarde<br />
Phyllis B. France<br />
Doreen Frankel, Ph.D.<br />
Linda Goldenberg<br />
Andrew Good, M.D.<br />
DIRECtORS<br />
Lynn M. Abrahamsen<br />
Jane Ahlin<br />
Suzanna de Baca<br />
Jill Field<br />
Mary P. Foarde<br />
Phyllis B. France<br />
Doreen Frankel, Ph.D.<br />
Tom Grossman<br />
Rachel Hamlin<br />
Betsy Hawn<br />
Thomas L. Hoch<br />
Susanne Lilly Hutcheson<br />
Marlene Kayser<br />
Katharine L. Kelly<br />
Beth Keiffer Leonard, C.P.A.<br />
Donald Boychuk, Chief Operating Officer<br />
Susan Casey, Chief Compliance Officer<br />
Scott Grinde, Chief Financial Officer<br />
Cathy Lawrence, Vice President &<br />
Chief Development Officer<br />
Linda Goldenberg<br />
Andrew Good, M.D.<br />
Rachel Hamlin<br />
Betsy Hawn<br />
Susanne Lilly Hutcheson<br />
David B. M. Jones<br />
Katharine L. Kelly<br />
Marlene Kayser<br />
Migdalia Loyola<br />
Kris MacDonald<br />
Jennifer L. Martin<br />
Deborah Roesler<br />
Linda J. Scher<br />
Ex-OFFICIO<br />
Sarah Dodge<br />
Connie Lewis, Vice President of External Affairs<br />
Jessica Schmiesing, Vice President of Human<br />
Resources & Organizational Effectiveness<br />
Migdalia Loyola<br />
Lee Lynch<br />
Jennifer L. Martin<br />
Brad Randall, M.D.<br />
Deborah Roesler<br />
Linda J. Scher<br />
Eve Stubens Smith<br />
PRESIDENt & CEO<br />
Sarah Stoesz<br />
*As of publication of<br />
this annual report.<br />
PRESIDENt & CEO<br />
Sarah Stoesz
Financial Overview<br />
Year ended December 31, 2011. Stated in thousands of dollars ($000s).<br />
2011 Uses of Operating Revenue 2011 Sources of Operating Funds<br />
d Patient Services $20,495<br />
d Management and<br />
General 4,608<br />
d Fundraising 1,288<br />
d Education 1,050<br />
d Public Affairs 737<br />
d National Dues 309<br />
Total Expenses $28,487<br />
16%<br />
4%<br />
4%<br />
3% 1%<br />
72%<br />
d Patient Service Fees $18,812<br />
d Grants 4,764<br />
d Contributions 3,796<br />
d Investment Returns 890<br />
d Other Earned Revenue (67)<br />
Total Revenues $28,195<br />
80%<br />
60%<br />
40%<br />
20%<br />
0%<br />
67%<br />
17%<br />
14%<br />
3% -1%
2011 Statement of Financial Position<br />
As of December, 31, 2011. Stated in thousands of dollars ($000s).<br />
Assets 2011 2010<br />
Current Assets<br />
Cash and Cash Equivalents $ 3,784 $ 4,685<br />
Accounts Receivable 3,268 1,885<br />
Pledges Receivable, Current 1,585 1,830<br />
Inventories, Prepaid, and Other Current Assets 2,134 2,181<br />
Total Current Assets 10,771 10,581<br />
Investments<br />
Property and Equipment—Net 18,886 7,963<br />
Permanently Restricted 8,726 8,416<br />
Other Long-term Investments 51 1,390<br />
Total Investments 27,663 17,769<br />
Other Assets<br />
Pledges Receivable, Long-term 828 2,175<br />
Charitable Remainder Unitrust Receivable 57 105<br />
Other Assets 683 713<br />
Total Other Assets 1,568 2,993<br />
total Assets $ 40,002 $ 31,343<br />
Liabilities and Net Assets 2011 2010<br />
Current Liabilities<br />
Current Portion of Long-term Debt $ 190 $ 90<br />
Accounts Payable and Accrued Expenses 4,352 2,144<br />
Deferred Revenues – –<br />
Total Current Liabilities 4,542 2,234<br />
Long-term Liabilities<br />
Long-term Debt, Net of Current Portion 5,900 –<br />
Annuities Payable 240 223<br />
Total Long-term Liabilities 6,140 223<br />
Total Liabilities 10,682 2,457<br />
Net Assets<br />
Unrestricted<br />
Current 1,529 2,568<br />
Board-designated 1,327 1,608<br />
Net Investment in Property and Equipment 2,533 2,520<br />
Total Unrestricted Net Assets 5,389 6,696<br />
Temporarily Restricted 15,205 13,774<br />
Permanently Restricted 8,726 8,416<br />
Total Net Assets 29,320 28,886<br />
total Liabilities and Net Assets $ 40,002 $ 31,343
2011 Statement of Activity<br />
Year ended December 31, 2011. Stated in thousands of dollars ($000s).<br />
Operating Revenue 2011 2010<br />
Contributions $ 3,796 $ 3,158<br />
Patient Service Fees 18,812 18,818<br />
Grants from Government (Federal, State, and Local)<br />
Federal Department of Health and Human Services<br />
Bureau of Community Health (Title X) 2,839 3,120<br />
State and County Grants and Contracts 1,925 1,597<br />
Investment Return Designated for Current Operations 456 302<br />
Research, Publication Sales, and<br />
Other Miscellaneous Revenue (67) 27<br />
Net Assets Released from Program Restrictions 434 932<br />
total Revenues $ 28,195 $ 27,954<br />
Expenses 2011 2010<br />
Program Services<br />
Patient Services $ 20,495 $ 20,086<br />
Public Education 1,050 1,003<br />
Public Affairs 737 880<br />
Total Program Services 22,282 21,969<br />
Supporting Services<br />
Management and General 4,608 4,083<br />
Fundraising 1,288 1,635<br />
Total Program and Supporting Services Expenses 5,896 5,718<br />
Affiliate Assessment<br />
<strong>Planned</strong> <strong>Parenthood</strong> Federation of America 309 318<br />
total Expenses $ 28,487 $ 28,005<br />
Change in Net Assets from Operations $ (291) $ (51)<br />
Investment Returns, Less Current-Year Utilization $ (557) $ 756<br />
total Change in Unrestricted Net Assets $ (848) $ 705<br />
temporarily Restricted Net Assets<br />
Temporarily Restricted Contributions $ 1,865 $ 3,441<br />
Net Assets Released from Program Restrictions (434) (932)<br />
Increase in temporarily Restricted Net Assets $ 1,431 $ 2,509<br />
Permanently Restricted Net Assets<br />
Permanently Restricted Contributions $ 310 $ 34<br />
Increase in Permanently Restricted Net Assets $ 310 $ 34<br />
Change in Net Assets $ 893 $ 3,248<br />
Net Assets – Beginning of Year $ 28,428 $ 25,638<br />
Net Assets – End of Year $ 29,321 $ 28,886
thank you.<br />
2011 Locations
671 Vandalia Street<br />
St. Paul, Minnesota 55114<br />
612-821-6190<br />
gifts@ppmns.org<br />
www.ppmns.org