2025-08-04T12:43:48-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-10-01 411677288 LAKE REGION HEALTHCARE FOUNDATION LAKE 2187368000 712 S CASCADE ST FERGUS FALLS MN 56537 CHRIS JOHNSON CFO 2187368000 2025-07-31 1 0 ANN NEIL P01817922 6123764500 2025-07-31 2023 2025-03-06 01:10:19Z KENT MATTSON 712 S CASCADE ST FERGUS FALLS MN 56537 2619206 0 X HTTPS://WWW.LRHC.ORG/FOUNDATION/ X 2000 MN 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. 5 5 0 40 0 0 298412 999923 0 0 244686 400718 55177 -13229 598275 1387412 1846051 290391 0 0 0 0 0 0 0 124688 310418 1970739 600809 -1372464 786603 4112918 5326936 26347 966 4086571 5325970 WE PARTNER TO ENRICH LIFE THROUGH HEALTH 0 0 578195 290391 0 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. 578195 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 MN X X LAKE REGION HEALTHCARE CORPORATION 2187368000 712 S CASCADE ST FERGUS FALLS MN 56537 ANDREW YAGGIE DIRECTOR/CHAIR 2.00 0.00 X X 0 0 0 DIC PICKETT DIRECTOR/SECRETARY & TREASURER 2.00 0.00 X X 0 0 0 MARY BRESSLER DIRECTOR 2.00 0.00 X 0 0 0 JASMINE SONMOR DIRECTOR 2.00 0.00 X 0 0 0 JOAN GEDDE DIRECTOR 2.00 0.00 X 0 0 0 KENT MATTSON CEO 1.00 40.00 X 0 526180 58305 CAMIE PATTERSON CFO (THRU 10/23) 1.00 40.00 X 0 512768 14367 CHRIS JOHNSON CFO 1.00 40.00 X 0 0 0 0 1038948 72672 0 0 1 0 0 125900 133443 740580 999923 136154 136154 1477729 1213165 264564 264564 264564 5400 125900 18629 -13229 -13229 1387412 0 0 387489 X 257970 257970 32421 32421 7965 7965 9537 9537 262290 262290 5112 5112 11615 11615 MISCELLANEOUS 7443 7443 LICENSES 6007 6007 SERVICE CHARGES 449 449 600809 578195 22614 0 285225 236309 462584 894807 57664 57664 2400 4296 3305045 4133860 0 0 4112918 5326936 3428 0 22919 966 26347 966 X 2871573 3705834 1214998 1620136 4086571 5325970 4112918 5326936 786603 452796 0 X 0 1 X 1 0 X X X 2 LAKE REGION HEALTHCARE CORPORATION 410730602 3 1 49374 0 LRHC LONG TERM CARE FACILITIES INC 411817549 3 1 56219 0 2 105593 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36 604014 211192 1574884 1 1 42246 11822 54068 36870 5376 42246 42252 -8169 36870 42252 42252 0.00000 1.00000 0.00000 0 0 0 INTERCOMPANY - DUE FROM LRHC 1016 INTERCOMPANY - DUE FROM MILL ST. -50 966 X PART V, LINE 4: TO PROVIDE RECOGNITION AND FINANCIAL ASSISTANCE TO PERSONS PURSUING AN ADVANCED DEGREE OR TRAINING IN MENTAL HEALTH RELATED FIELDS. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A MINNESOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE FOUNDATION IS REQUIRED ANNUALLY TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION MAY BE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE FOUNDATION HAS DETERMINED THEY ARE NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED FORM 990T WITH THE IRS. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE, IF SUCH INTEREST AND PENALTIES ARE INCURRED. GALA 131300 125900 5400 5222 2000 9415 1992 131300 125900 5400 5222 2000 9415 1992 18629 -13229 1 LAKE REGION HEALTHCARE CORPORATION 712 S CASCADE ST FERGUS FALLS MN 56537 410730602 501(C)(3) 0 49374 GENERAL SUPPORT LRHC LONG TERM CARE FACILITIES INC 712 S CASCADE ST FERGUS FALLS MN 56537 411817549 501(C)(3) 0 56219 ADDITION OF CHAPEL IN MILL STREET RESIDENCE BUILDING PRAIRIE RIDGE FOUNDATION 1411 HIGHWAY 79 EAST ELBOW LAKE MN 56531 455092280 501(C)(3) 0 15887 GALA PROCEEDS FOR PEDIATRIC THERAPIES 3 0 SCHOLARSHIP 17 32421 PART I, LINE 2: WHEN APPLYING FOR FUNDS, THERE IS A SECTION ON THE APPLICATION WHERE IT IS REQUIRED TO COMPLETE A PARAGRAPH STATING HOW THE FUNDS WILL BE USED. 0 0 0 0 0 0 1 0 0 KENT MATTSON CEO 0 381440 0 144740 0 0 0 23000 0 35305 0 584485 0 0 CAMIE PATTERSON CFO (THRU 10/23) 0 512768 0 0 0 0 0 0 0 14367 0 527135 0 0 PART I, LINE 3 THE CEO AND CFO COMPENSATION WAS PAID BY LAKE REGION HEALTHCARE CORPORATION, A RELATED ORGANIZATION. THE FOLLOWING WERE USED BY THE RELATED ORGANIZATION TO DETERMINE COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. FORM 990 OF OTHER ORGANIZATIONS 4. WRITTEN EMPLOYMENT CONTRACT 5. COMPENSATION SURVEY OR STUDY 6. APPROVAL BY BOARD OF COMPENSATION COMMITTEE PART I, LINE 6 LRHC HAS IMPLEMENTED AN INCENTIVE COMPENSATION PROGRAM FOR CERTAIN AND GOALS NEED TO BE MET IN ORDER FOR THE COMPENSATION TO BE PAID OUT IN QUALITY METRICS, AND SUCCESSFUL IMPLEMENTATION OF STRATEGIC GOALS. THE DETERMINES ANY AMOUNTS OF COMPENSATION THAT IS AWARDED. EXECUTIVE LEADERSHIP POSITIONS WITHIN THE ORGANIZATION. CERTAIN MEASURES PART OR IN WHOLE, SUCH AS MEETING FINANCIAL PERFORMANCE EXPECTATIONS, EXECUTIVE COMMITTEE OF THE BOARD REVIEWS PERFORMANCE ANNUALLY AND DETERMINES ANY AMOUNTS OF COMPENSATION THAT IS AWARDED. FORM 990, PART VI, SECTION A, LINE 6 LAKE REGION HEALTHCARE IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES OF LAKE REGION HEALTHCARE, THE SUPPORTED ORGANIZATION, HAS THE AUTHORITY TO APPOINT AND REMOVE THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF TRUSTEES OF LAKE REGION HEALTHCARE, THE SUPPORTED ORGANIZATION, HAS THE AUTHORITY TO MAKE AND APPROVE CHANGES TO THE ARTICLES OF INCORPORATION AND BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE COMPLETED 990, WITH SUPPORTING SCHEDULES AND FOOTNOTES, WILL BE DISTRIBUTED TO ALL THE FOUNDATION BOARD MEMBERS SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE DETAILED AND CONSCIENTIOUS REVIEW BY ALL BOARD MEMBERS AND CHIEF EXECUTIVE OFFICER TO ENABLE AN OPPORTUNITY FOR FEEDBACK FROM AND CORRECTIONS. ALL QUESTIONS, CONCERNS, OR OTHER FEEDBACK FROM BOARD MEMBERS WILL BE DIRECTED TO THE CHIEF FINANCIAL OFFICER AND INCORPORATED TO THE 990 AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND TRUSTEES ANNUALLY ASSESS WHETHER OR NOT THERE ARE ANY CONFLICTS OF INTEREST ACCORDING TO THE CONFLICTS OF INTEREST POLICY. IT IS CONSISTENTLY MONITORED DURING THE YEAR TO BE SURE THAT THE POLICY IS BEING FOLLOWED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE OFFICERS OF LAKE REGION HEALTHCARE FOUNDATION IS REVIEWED ANNUALLY, OUTSIDE INDEPENDENT COMPENSATION CONSULTANTS ARE ENGAGED FOR FAIR MARKET ASSESSMENTS, AS WELL AS MHA SALARY SURVEYS. COMPENSATION IS PRESENTED FOR APPROVAL TO THE EXECUTIVE COMMITTEE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 LAKE REGION HEALTHCARE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G MISCELLANEOUS PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 262,290. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 262,290. LAKE REGION HEALTHCARE CORPORATION 712 S CASCADE ST FERGUS FALLS MN 56537 410730602 HOSPITAL MN 501(C)(3) 3 N/A 0 LRHC LONG TERM CARE FACILITIES INC 712 S CASCADE ST FERGUS FALLS MN 56537 411817549 ASSISTED LIVING MN 501(C)(3) 10 LAKE REGION HEALTHCARE 0 PRAIRIE RIDGE HOSPITAL & HEALTH SERVICES 1411 HIGHWAY 79 E ELBOW LAKE MN 56531 411763968 HEALTHCARE SERVICES MN 501(C)(3) 3 LAKE REGION HEALTHCARE 0 PRAIRIE RIDGE FOUNDATION 1411 HIGHWAY 79 E ELBOW LAKE MN 56531 455092280 FOUNDATION MN 501(C)(3) 12A LAKE REGION HEALTHCARE 0 WEST CENTRAL LINEN SERVICES 712 SOUTH CASCADE STREET FERGUS FALLS MN 56538 411411129 LAUNDRY AND LINEN MN N/A C 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0