Nonprofit · EIN 26-0022777
OMC REGIONAL FOUNDATION
Tax-exempt · ROCHESTER, MN 55904
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $952,294 | $343,840 | $608,454 | $7,346,611 | $0 | $7,346,611 |
| December 31, 2024 | 990 | $706,462 | $277,693 | $428,769 | $6,475,356 | $0 | $6,475,356 |
| December 31, 2023 | 990 | $715,333 | $322,759 | $392,574 | $5,856,393 | $16,000 | $5,840,393 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $604,633
- Program service revenue
- $0
- Investment income
- $239,061
- Net gain from sales of assets
- $43,179
- Net income from fundraising events
- $96,809
- Net income from sales of inventory
- $11,791
- Other revenue
- $108,600
Expenses
- Grants and similar amounts paid
- $106,784
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,388
- Occupancy
- $781
- Program services (functional)
- $328,499
- Management and general (functional)
- $15,341
Balance sheet and other
- Total assets, start of year
- $6,475,356
- Total assets, end of year
- $7,346,611
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,346,611
- Publicly traded securities
- $2,713,903
- Net assets without donor restrictions
- $4,156,704
- Net assets with donor restrictions
- $3,189,907
- Gross receipts
- $1,020,845
- Employees
- 0
- Volunteers
- 58
- Year formed
- 2002
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIM WEIR FACHE | DIRECTOR & OMC CEO Trustee or director, Officer | 1 | $0 | $986,984 | $48,417 |
| JAMES HOFFMANN DO | DIRECTOR & OMC PRESIDENT Trustee or director, Officer | 1 | $0 | $672,464 | $49,842 |
| KEVIN HIGGINS | OMC CFO Officer | 1 | $0 | $607,530 | $61,953 |
| LILIA PONTON MD | SECRETARY & OMC PHYSICIAN Trustee or director, Officer | 1 | $0 | $381,476 | $26,188 |
| STACEY VANDEN HEUVEL | VP MARKETING & PHILANTHROPY Officer | 24 | $0 | $317,228 | $26,272 |
| TYLER COLEMAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DENISE KELLY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID OETH | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DHARANI RAMAMOORTHY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAN CHRISTIANSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARIE ZABEL STELLING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE MALUGANI | OFFICER Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIM WEIR FACHE | DIRECTOR & OMC CEO Trustee or director, Officer | 1 | $0 | $965,512 | $44,170 |
| JAMES HOFFMANN DO | DIRECTOR & OMC PRESIDENT Trustee or director, Officer | 1 | $0 | $661,811 | $45,031 |
| KEVIN HIGGINS | OMC CFO Officer | 1 | $0 | $593,312 | $67,572 |
| LILIA PONTON MD | SECRETARY & OMC PHYSICIAN Trustee or director, Officer | 1 | $0 | $372,446 | $21,420 |
| STACEY VANDEN HEUVEL | VP MARKETING & PHILANTHROPY Officer | 24 | $0 | $292,316 | $21,105 |
| TYLER COLEMAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DENISE KELLY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PAUL TIESKOTTER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID OETH | DIRECTOR/TREASURER NOV 24 Trustee or director | 1 | $0 | $0 | $0 |
| DHARANI RAMAMOORTHY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MITCH STEVENSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DON SUPALLA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE MALUGANI | OFFICER Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIM WEIR FACHE | DIRECTOR & OMC CEO Trustee or director, Officer | 1 | $0 | $945,667 | $31,142 |
| JAMES HOFFMANN DO | DIRECTOR & OMC PRESIDENT Trustee or director, Officer | 1 | $0 | $645,762 | $31,985 |
| KEVIN HIGGINS | OMC CFO Officer | 1 | $0 | $578,825 | $50,782 |
| LILIA PONTON MD | SECRETARY & OMC PHYSICIAN Trustee or director, Officer | 1 | $0 | $279,703 | $12,198 |
| STACEY VANDEN HEUVEL | VP MARKETING & PHILANTHROPY Officer | 24 | $0 | $273,929 | $11,195 |
| CORENIA WALZ | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TYLER COLEMAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PAUL TIESKOTTER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JEANINE GANGENESS PHD | DIRECTOR (THROUGH JANUARY 2023) Trustee or director | 1 | $0 | $0 | $0 |
| CASSIE HARRINGTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENISE KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID OETH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DHARANI RAMAMOORTHY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MITCH STEVENSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DON SUPALLA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 210 NINTH STREET SE, ROCHESTER, MN 55904-6756
- In care of
- % TIM WEIR
- Principal officer (990 for 2025)
- TIM WEIR, 210 NINTH STREET SE, ROCHESTER, MN 55904
- Signed the 990
- TIM WEIR, CHIEF EXECUTIVE OFFICER
- Phone
- (507) 292-7200
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO ADVOCATE FOR AND SUPPORT OLMSTED MEDICAL CENTER AND TO ASSIST IT IN FUNDING QUALITY HEALTHCARE SERVICES AND EDUCATION IN THE COMMUNITIES IT SERVES.
Program accomplishments
- 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.Expenses $286,158 · grants $73,347
- 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.Expenses $33,437 · grants $33,437
- 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.Expenses $8,904
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 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-0022777
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E12)
- Assets (IRS master file)
- $7,346,611
- Income (IRS master file)
- $1,020,845
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $952,294 | $343,840 | $7,346,611 | XML |
| 990 | December 2024 | $706,462 | $277,693 | $6,475,356 | XML |
| 990 | December 2023 | $715,333 | $322,759 | $5,856,393 | XML |
| 990 | December 2022 | $580,766 | $266,523 | $5,187,654 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 26-0022777).
Questions about OMC REGIONAL FOUNDATION
- What is the EIN of OMC REGIONAL FOUNDATION?
- The employer identification number (EIN) of OMC REGIONAL FOUNDATION is 26-0022777.
- Is OMC REGIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to OMC REGIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OMC REGIONAL 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 OMC REGIONAL 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 OMC REGIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of OMC REGIONAL FOUNDATION?
- The 990 for the year ended December 31, 2025 names TIM WEIR.
- Who are the officers and directors of OMC REGIONAL FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does OMC REGIONAL FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $952,294, expenses of $343,840 and total assets of $7,346,611 at year end.
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