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Nonprofit · EIN 41-1677288

LAKE REGION HEALTHCARE FOUNDATION

Tax-exempt · FERGUS FALLS, MN 56537

Financials

$598K$2M2022$1.4M$601K2023$1.8M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of LAKE REGION HEALTHCARE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$1,789,506$2,099,582-$310,076$5,331,653$150$5,331,503
September 30, 2024990$1,387,412$600,809$786,603$5,326,936$966$5,325,970
September 30, 2023990$598,275$1,970,739-$1,372,464$4,112,918$26,347$4,086,571
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$1,538,452
Program service revenue
$0
Investment income
$251,054
Net gain from sales of assets
$76,889
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,635,683
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,739
Travel
$7,911
Program services (functional)
$2,069,496
Management and general (functional)
$30,086

Balance sheet and other

Total assets, start of year
$5,326,936
Total assets, end of year
$5,331,653
Total liabilities, end of year
$150
Net assets, end of year
$5,331,503
Publicly traded securities
$4,670,434
Net assets without donor restrictions
$4,084,769
Net assets with donor restrictions
$1,246,734
Gross receipts
$2,620,929
Employees
0
Volunteers
74
Year formed
2000
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
KENT MATTSONCEO
Officer
1$0$685,803$47,437
CHRIS JOHNSONCFO
Officer
1$0$117,164$6,882
ANDREW YAGGIEDIRECTOR/CHAIR
Trustee or director, Officer
2$0$0$0
DIC PICKETTDIRECTOR/SECRETARY & TREASURER
Trustee or director, Officer
2$0$0$0
MARY BRESSLERDIRECTOR
Trustee or director
2$0$0$0
JASMINE SONMORDIRECTOR
Trustee or director
2$0$0$0
JOAN GEDDEDIRECTOR
Trustee or director
2$0$0$0
990 for the year ended September 30, 2024: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KENT MATTSONCEO
Officer
1$0$526,180$58,305
CAMIE PATTERSONCFO (THRU 10/23)
Officer
1$0$512,768$14,367
ANDREW YAGGIEDIRECTOR/CHAIR
Trustee or director, Officer
2$0$0$0
DIC PICKETTDIRECTOR/SECRETARY & TREASURER
Trustee or director, Officer
2$0$0$0
MARY BRESSLERDIRECTOR
Trustee or director
2$0$0$0
JASMINE SONMORDIRECTOR
Trustee or director
2$0$0$0
JOAN GEDDEDIRECTOR
Trustee or director
2$0$0$0
CHRIS JOHNSONCFO
Officer
1$0$0$0
990 for the year ended September 30, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KENT MATTSONCEO
Officer
1$0$510,000$139,482
CAMIE PATTERSONCFO
Officer
1$0$531,347$17,526
ANDREW YAGGIEDIRECTOR/CHAIR
Trustee or director, Officer
2$0$0$0
MARY BRESSLERDIRECTOR
Trustee or director
2$0$0$0
JASMINE SONMORDIRECTOR
Trustee or director
2$0$0$0
DIC PICKETTDIRECTOR/SECRETARY & TREASURER
Trustee or director, Officer
2$0$0$0
JOAN GEDDEDIRECTOR
Trustee or director
2$0$0$0

Address and contacts

Address (IRS master file)
712 S CASCADE ST, FERGUS FALLS, MN 56537-2913
Principal officer (990 for 2024)
KENT MATTSON, 712 S CASCADE ST, FERGUS FALLS, MN 56537
Signed the 990
CHRIS JOHNSON, CFO
Phone
(218) 736-8000
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

THE MISSION OF LAKE REGION HEALTHCARE FOUNDATION IS TO GATHER, STEWARD AND DISTRIBUTE RESOURCES NEEDED TO SUPPORT AND ADVANCE THE MISSION OF LAKE REGION HEALTHCARE AND ITS AFFILIATES.

990 for the year ended September 30, 2025

Program accomplishments

  • LAKE REGION HEALTHCARE FOUNDATION RECEIVED DONATIONS AND MEMORIALS FROM INDIVIDUALS AND BUSINESSES. IT ALSO RECEIVES PLEDGES AND PAYMENTS OF THOSE PLEDGES. THE FOUNDATION USES ITS FUNDS FOR A VARIETY OF PURPOSES WHICH AID LAKE REGION HEALTHCARE AND THE COMMUNITY IN PROVIDING QUALITY HEALTHCARE AND SUSTAINING HEALTHCARE CLOSE TO HOME.
    Expenses $2,069,496 · grants $1,635,683

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
41-1677288
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1990
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,331,653
Income (IRS master file)
$2,620,929

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$1,789,506$2,099,582$5,331,653XML
990September 2024$1,387,412$600,809$5,326,936XML
990September 2023$598,275$1,970,739$4,112,918XML
990September 2022$638,456$207,563$4,965,988IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1677288).

Questions about LAKE REGION HEALTHCARE FOUNDATION

What is the EIN of LAKE REGION HEALTHCARE FOUNDATION?
The employer identification number (EIN) of LAKE REGION HEALTHCARE FOUNDATION is 41-1677288.
Is LAKE REGION HEALTHCARE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to LAKE REGION HEALTHCARE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does LAKE REGION HEALTHCARE FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LAKE REGION HEALTHCARE FOUNDATION due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKE REGION HEALTHCARE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of LAKE REGION HEALTHCARE FOUNDATION?
The 990 for the year ended September 30, 2025 names KENT MATTSON.
Who are the officers and directors of LAKE REGION HEALTHCARE FOUNDATION?
The 990 for the year ended September 30, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does LAKE REGION HEALTHCARE FOUNDATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $1,789,506, expenses of $2,099,582 and total assets of $5,331,653 at year end.

Other nonprofits in FERGUS FALLS

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