Omc Regional Foundation

Tax-deductible

Rochester, MN501(c)(3)Since 2002Health CareEIN 26-0022777Revenue $952K in FY2025

On file with the IRSomcregionalfoundation.org210 Ninth Street Se, 55904-6756 · Rochester, MNTax-exempt since Aug 2002Publicly supported charity — 170(b)(1)(A)(vi)

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To advocate for and support olmsted medical center and to assist IT in funding quality healthcare services and education in the communities IT serves.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 58 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $372K a year · 54% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
117 mo
of spending, in cash
Looks good: 117.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $239K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$952K
+35% vs prior year
Spent
$344K
To programs
96%
Net assets
$7.3M
By yearFY2020–FY2025
Revenue
$952K
FY2025▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$615K
FY2021$569K
FY2022$581K
FY2023$715K
FY2024$706K
FY2025$952K
Expenses
$344K
FY2025▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$379K
FY2021$316K
FY2022$267K
FY2023$323K
FY2024$278K
FY2025$344K
Net assets
$7.3M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$5.3M
FY2022$5.2M
FY2023$5.8M
FY2024$6.5M
FY2025$7.3M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $328K Management & general 4% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Director & Omc CEO
$0Pt VII · Sec A
Director & Omc President
$0Pt VII · Sec A
Secretary & Omc Physician
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Omc Regional Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial and volunteer support to Olmsted Medical Center.

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Provided by the organization

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3 programs · $328K · in their own filed words · FY2025
01

Established, developed, sponsored, promoted and conducted charitable activities devoted to promoting and improving health for residents of the community through community education and health awareness activities, healthcare related capital expenditures and educational scholarships in the healthcare professions.

$286Kprogram expense
02

Carl and Ihla Petersen Trust Patient Assistance Program

Omc regional foundation has designated proceeds from the carl and ihla petersen trust to assist with olmsted medical center patients and families who reside in olmsted county, that do not have sufficient insurance coverage nor financial means but are not eligible for medical assistance, to pay at least a portion of their medical bills.

$33Kprogram expense
03

Medical Education for the Community

To provide educational opportunities to olmsted medical center clinicians and to the community via the noel r peterson lecture series, burich electronic library, and continuing medical education lectures.

$9Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$239K
Grants paid · 6 grants · $600K · 2020–2025
Olmsted Medical CenterMN · FY2025$103,534
Olmsted Medical CenterMN · FY2024$22,958
Olmsted Medical CenterMN · FY2023$110,299
Olmsted Medical CenterMN · FY2022$68,932
Olmsted Medical CenterMN · FY2021$142,409
Olmsted Medical CenterMN · FY2020$151,406

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$952K
Ln 12
Gifts and grantsLn 1h$605K
Investment incomeLn 3$239K
Other incomeLn 4–11$109K
Money outPt IX
$344K
Ln 25
Programscol B$328K
Managementcol C$15K
Owns and owesPt X
$7.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$7.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$605K
Investment incomeLn 3$239K
Other incomeLn 4–11$109K
Gains on assetsLn 7$43K
Total revenueLn 12$952K
Assets in detailPt X, end of year
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$3.4M
InvestmentsLn 11–13$2.7M
Other assetsLn 15$1.3M
Total assetsLn 16$7.3M
LiabilitiesLn 26$0
Net assetsLn 32$7.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 658
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3.0M$3.4M
InvestmentsLn 11–13$2.3M$2.7M
Total assetsLn 16$6.5M$7.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.5M$7.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$104K$104K
Grants to domestic individualsLn 2$3K$3K
Legal feesLn 11b$5K$5K
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$6K$4K$3K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$84K$84K
Information technologyLn 14$108K$108K
OccupancyLn 16$781$781
Conferences, conventions and meetingsLn 19$17K$17K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$344K$328K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $952K$344K$608K$7.3M 990 PDF
FY2024 $706K$278K$429K$6.5M 990 PDF
FY2023 $715K$323K$393K$5.8M 990 PDF
FY2022 $581K$267K$314K$5.2M 990 PDF
FY2021 $569K$316K$253K$5.3M 990 PDF
FY2020 $615K$379K$236K$4.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $952,294 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $438,646$604,633
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $155,941$239,061
I-11 Other revenuePrior year $111,875$108,600
I-12 Total revenuePrior year $706,462$952,294
I-13 Grants and similar amounts paidPrior year $22,958$106,784
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $254,735$237,056
I-18 Total expensesPrior year $277,693$343,840
I-19 Revenue less expensesPrior year $428,769$608,454
Part VI · Governance 7 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $952,294 across 7 lines filed
Lines not itemized here account for $11,791 of total revenue; see the IRS return.
VIII-1d Related organizations$236,032
VIII-1f All other contributions, gifts and grants$368,601
VIII-1h Total contributions, gifts and grants$604,633
VIII-3 Investment incomeExcluded from tax $195,882$195,882
VIII-7 Net gain or loss on sales of assetsExcluded from tax $43,179$43,179
VIII-8 Net income from fundraising eventsExcluded from tax $96,809$96,809
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $347,661$952,294
Part IX · Statement of functional expenses $343,840 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $103,534$103,534
IX-2 Grants to domestic individualsPrograms $3,250$3,250
IX-11b Legal feesManagement $5,388$5,388
IX-11f Investment management feesManagement $7,369$7,369
IX-11g Other fees for servicesPrograms $3,859 · Management $2,584$6,443
IX-12 Advertising and promotionPrograms $2,500$2,500
IX-13 Office expensesPrograms $84,361$84,361
IX-14 Information technologyPrograms $107,516$107,516
IX-16 OccupancyPrograms $781$781
IX-19 Conferences, conventions and meetingsPrograms $16,612$16,612
IX-24 Other expenses (24a–d)Programs $6,086$6,086
IX-25 Total functional expensesPrograms $328,499 · Management $15,341 · Fundraising $0$343,840
Part X · Balance sheet $7,346,611 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,966,678$3,359,503
X-11 Publicly traded securitiesStart of year $2,308,709$2,713,903
X-15 Other assetsStart of year $1,199,969$1,273,205
X-16 Total assetsStart of year $6,475,356$7,346,611
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $3,765,544$4,156,704
X-28 Net assets with donor restrictionsStart of year $2,709,812$3,189,907
X-32 Total net assets or fund balancesStart of year $6,475,356$7,346,611
X-33 Total liabilities and net assetsStart of year $6,475,356$7,346,611
Part XI · Reconciliation of net assets $7,346,611 net assets at year end
XI-1 Total revenue$952,294
XI-2 Total expenses$343,840
XI-3 Revenue less expenses$608,454
XI-4 Net assets at start of year$6,475,356
XI-5 Net unrealized gains (losses) on investments$262,801
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,346,611

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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