Lake Region Healthcare Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411677288 ✦ Fergus falls, MN ✦ Designated as a 501(c)(3)

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Overview

What is Lake Region Healthcare Foundation?

Lake Region Healthcare Foundation is a nonprofit organization dedicated to supporting and enhancing the mission of Lake Region Healthcare and its affiliates. By gathering, managing, and disseminating resources, the foundation aims to advance health in the community. Donations, memorials, pledges, and their corresponding payments are received from individuals and businesses, which are then utilized for various purposes benefiting Lake Region Healthcare and the community at large. The foundation's activities are instrumental in enriching lives through health improvements.


Official website here: www.lrhc.org

Is Lake Region Healthcare Foundation legitimate?

Lake Region Healthcare Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Region Healthcare Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lrhc.org

What is the mission statement of Lake Region Healthcare Foundation?

The Lake Region Healthcare Foundation's mission is centered around gathering, managing, and dispensing necessary resources to boost and further the objectives of Lake Region Healthcare and its affiliated entities. This mission is carried out in collaboration with the community, with the ultimate goal of enhancing life through improved health. Funds are sourced through donations, memorials, pledges, and their subsequent payments, which are then allocated towards various projects that benefit Lake Region Healthcare and the community at large.


Official website here: www.lrhc.org

Who is the CEO of Lake Region Healthcare Foundation?

Kent Mattson is the CEO of Lake Region Healthcare Foundation The CEO's salary of Lake Region Healthcare Foundation is $0 and their total compensation is $649,482.


Official website here: www.lrhc.org

What is the revenue of Lake Region Healthcare Foundation?

Lake Region Healthcare Foundation's revenue in 2023 was $598,275.


Official website here: www.lrhc.org

Who are the executives of Lake Region Healthcare Foundation and what are their salaries?

There 53 volunteers at Lake Region Healthcare Foundation.

Here are 7 key members and their salaries (Lake Region Healthcare Foundation's CEO's salary is $0 and their total compensation is $649,482):


Andrew Yaggie (Director/Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Bressler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jasmine Sonmor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dic Pickett (Director/Secretary & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Gedde (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Mattson (Ceo)
  • Compensation: $0
  • Related: $510,000
  • Other: $139,482
Camie Patterson (Cfo)
  • Compensation: $0
  • Related: $531,347
  • Other: $17,526


Official website here: www.lrhc.org

Where can I find the form 990 for Lake Region Healthcare Foundation?

Lake Region Healthcare Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.lrhc.org

Learn more at the official website: www.lrhc.org

Mission Statement of Lake Region Healthcare Foundation

Lake Region Healthcare Foundation is an organization dedicated to collecting, managing, and distributing resources to bolster and further the mission of Lake Region Healthcare and its affiliated entities. By accepting donations, memorials, pledges, and the subsequent payments of these pledges, the foundation contributes to various initiatives that aid Lake Region Healthcare and the wider community. In essence, Lake Region Healthcare Foundation serves as a key partner in enhancing life through health, aligning with the core values and objectives of Lake Region Healthcare.

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Impact




October, 2024

The Lake Region Healthcare Foundation plays a vital role in enhancing community health and wellness in Fergus Falls, MN, by gathering, stewarding, and distributing essential resources to support Lake Region Healthcare and its affiliates. Through generous donations and memorials from individuals and businesses, the foundation funds a variety of initiatives that improve healthcare services and facilities. This financial support not only advances the mission of local healthcare providers but also enriches the lives of community members through improved access to quality health services. By fostering these vital partnerships and utilizing resources effectively, the foundation significantly contributes to the overall well-being of the community and promotes a healthier future for all residents.




This information is meant to be a general summary of Lake Region Healthcare Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$598,275 (2023)
Expenses
$1,970,739 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $148,796
  • Gross Receipts: $2,232,069

Assets and Liabilities:

  • Total Assets: $4,965,988
  • Total Liabilities: $904
  • Net Assets: $4,965,084

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Organization Details

Founding Year

2000

Principal Officer

Kent Mattson

NTEE Category

Code: E80 - Health

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