Nonprofit · EIN 85-4273077
OCORA FOUNDATION
Tax-exempt · WAYZATA, MN 55391
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $707,914 | $555,610 | $152,304 | $3,388,103 | $0 | $3,388,103 |
| December 31, 2024 | 990-PF | $115,511 | $519,215 | -$403,704 | $3,855,713 | $0 | $3,855,713 |
| December 31, 2023 | 990-PF | $108,070 | $485,597 | -$377,527 | $4,259,417 | $0 | $4,259,417 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $629,714
- Dividends
- $109,045
- Interest
- $33
- Net gain from sales of assets
- -$30,878
Expenses
- Grants and similar amounts paid
- $539,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $543,057
- Excise tax on investment income
- $1,377
Balance sheet and other
- Total assets, start of year
- $3,855,713
- Total assets, end of year
- $3,388,103
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,388,103
- Fair market value of assets
- $5,035,587
- Qualifying distributions
- $543,057
- Net investment income
- $109,078
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNNE RASMUSSEN 1161 WAYZATA BLVD, WAYZATA, MN 55391 | PRESIDENT/TREASURER/ASST SECRETARY | 2 | $0 |
| BRIAN O'CONNELL 1161 WAYZATA BLVD, WAYZATA, MN 55391 | VP/SECRETARY/ASST TREASURER | 2 | $0 |
| AMY MORSMAN 1161 WAYZATA BLVD, WAYZATA, MN 55391 | FORMER DIRECTOR | 1 | $0 |
| DECLAIN O'CONNELL 1161 WAYZATA BLVD, WAYZATA, MN 55391 | DIRECTOR | 1 | $0 |
| LOGAN O'CONNELL 1161 WAYZATA BLVD, WAYZATA, MN 55391 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNNE RASMUSSEN 1161 WAYZATA BLVD, WAYZATA, MN 55391 | PRESIDENT/TREASURER/ASST SECRETARY | 2 | $0 |
| BRIAN O'CONNELL 1161 WAYZATA BLVD, WAYZATA, MN 55391 | VP/SECRETARY/ASST TREASURER | 2 | $0 |
| AMY MORSMAN 1161 WAYZATA BLVD, WAYZATA, MN 55391 | DIRECTOR | 1 | $0 |
| DECLAIN O'CONNELL 1161 WAYZATA BLVD, WAYZATA, MN 55391 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNNE RASMUSSEN 1161 WAYZATA BLVD, WAYZATA, MN 55391 | PRESIDENT/TREASURER/ASST SECRETARY | 2 | $0 |
| BRIAN O'CONNELL 1161 WAYZATA BLVD, WAYZATA, MN 55391 | VP/SECRETARY/ASST TREASURER | 2 | $0 |
| AMY MORSMAN 1161 WAYZATA BLVD, WAYZATA, MN 55391 | DIRECTOR | 1 | $0 |
| DECLAIN O'CONNELL 1161 WAYZATA BLVD, WAYZATA, MN 55391 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1161 WAYZATA BLVD E 192, WAYZATA, MN 55391-1935
- Signed the 990-PF
- BRIAN O'CONNELL, VP/SECRETARY/ASST TREASURER
- Phone
- (952) 221-3153
- Website
- OCORAFOUNDATION.COM
- Return prepared by
- RSM US LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-4273077
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $3,388,103
- Income (IRS master file)
- $947,914
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $707,914 | $555,610 | $3,388,103 | XML |
| 990-PF | December 2024 | $115,511 | $519,215 | $3,855,713 | IRS |
| 990-PF | December 2023 | $108,070 | $485,597 | $4,259,417 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | 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 85-4273077).
Questions about OCORA FOUNDATION
- What is the EIN of OCORA FOUNDATION?
- The employer identification number (EIN) of OCORA FOUNDATION is 85-4273077.
- Is OCORA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to OCORA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does OCORA FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of OCORA FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OCORA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of OCORA FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does OCORA FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $707,914, expenses of $555,610 and total assets of $3,388,103 at year end.
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All nonprofits in WAYZATA · Minnesota · Philanthropy, voluntarism and grantmaking foundations