Nonprofit · EIN 41-1328097
RIDGEVIEW FOUNDATION
Tax-exempt · WACONIA, MN 55387
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,080,951 | $3,296,274 | $3,784,677 | $26,685,497 | $303,199 | $26,382,298 |
| December 31, 2023 | 990 | $4,132,970 | $2,775,850 | $1,357,120 | $24,276,496 | $615,193 | $23,661,303 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,169,126
- Program service revenue
- $0
- Investment income
- $2,886,229
- Net gain from sales of assets
- $2,412,615
- Net income from fundraising events
- -$180,002
- Net income from gaming
- $60,692
- Other revenue
- $25,596
Expenses
- Grants and similar amounts paid
- $3,053,406
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,750
- Program services (functional)
- $3,155,293
- Management and general (functional)
- $140,981
Balance sheet and other
- Total assets, start of year
- $24,276,496
- Total assets, end of year
- $26,685,497
- Total liabilities, end of year
- $303,199
- Net assets, end of year
- $26,382,298
- Publicly traded securities
- $17,853,094
- Net assets without donor restrictions
- $16,647,658
- Net assets with donor restrictions
- $9,734,640
- Gross receipts
- $11,425,286
- Employees
- 0
- Volunteers
- 90
- Year formed
- 1978
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL PHELPS | PRESIDENT/CEO Officer | 0.5 | $0 | $1,131,592 | $93,249 |
| AARON BLOOMQUIST | CFO Officer | 4 | $0 | $823,518 | $72,054 |
| KELLY MULLEADY | EXECUTIVE DIRECTOR Officer | 47.5 | $0 | $235,788 | $47,723 |
| CARLA STRUBLE | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JEN TREGARTHEN | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| TROY WERK | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KEVIN KOEMPTGEN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JEAN MURRAY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TIM SAMUELSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID WINDSCHITL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| MIKE BAUER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| KATIE BARNES | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DUSTIN BENZ | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JON CROW | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TIM FOSTER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN HAYES | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DR BRUCE HUBBARD | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TIFFANY KOVALSKI | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JESSICA MONARCH | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ALLIE NEWMAN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| STEPH PHILLIPS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| HANS SIEFKER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DR MICHAEL SMITH | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CHUCK SPEVACEK | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DAVID STROHSACK | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN TAYLOR | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MELISSA TIMM | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NIKKI VANECEK | BOARD MEMBER Trustee or director | 0.5 | $0 |
| RUTH VORTHERMS | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL PHELPS | PRESIDENT/CEO Officer | 0.5 | $0 | $1,117,159 | $89,808 |
| AARON BLOOMQUIST | CFO Officer | 4 | $0 | $606,487 | $81,944 |
| KELLY MULLEADY | EXECUTIVE DIRECTOR Officer | 47.5 | $0 | $219,276 | $10,179 |
| JON CROW | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| CARLA STRUBLE | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KATHRYN BARNES | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JENNIFER TREGARTHEN | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| TROY WERK | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MIKE BAUER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| BRIAN BENIEK | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TIM FOSTER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN HAYES | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN TAYLOR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DR BRUCE HUBBARD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| RYAN JOHNSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| KEVIN KOEMPTGEN | FINANCE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MELISSA TRIMM | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JESSICA MONARCH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JEAN MURRAY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TIM SAMUELSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TIM SCHMIDT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| HANS SIEFKER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DR MICHAEL SMITH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| CHUCK SPEVACEK | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| NIKKI VANECEK | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID WINDSCHITL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| RUTH VOLTHERMS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| ALLIE NEWMAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 S MAPLE ST, WACONIA, MN 55387-1752
- Principal officer (990 for 2024)
- MICHAEL PHELPS, 500 SOUTH MAPLE STREET, WACONIA, MN 55387
- Signed the 990
- AARON BLOOMQUIST, CFO
- Phone
- (952) 442-6010
- Website
- WWW.RIDGEVIEWMEDICAL.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
RIDGEVIEW FOUNDATION IS AN INDEPENDENT NONPROFIT ORGANIZATION THAT PARTNERS WITH RIDGEVIEW MEDICAL CENTER IN ITS MISSION TO MAKE A POSITIVE DIFFERENCE IN THE QUALITY OF LIFE AND HEALTH FOR THE PEOPLE OF OUR AREA.
Program accomplishments
- TO RAISE FUNDS FOR THE BENEFIT OF RIDGEVIEW MEDICAL CENTER, A NOT-FOR-PROFIT HOSPITAL IN WACONIA, MINNESOTA. DURING 2024, RIDGEVIEW FOUNDATION EXPENDED $2,617,444 TO RIDGEVIEW MEDICAL CENTER. OF THIS, $922,476 WAS TRANSFERRED TO OUR "CAUSE FOR COMMUNITY" CAMPAIGN, WHICH IS A FUND THAT ALLOWS US TO BETTER MEDICALLY SUPPORT THE 300,000 RESIDENTS WITHIN OUR SEVEN-COUNTY SERVICE AREA, $557,169 WAS TRANSFERRED TO SUPPORT PATIENT MENTAL HEALTH, AND $671,521 WAS TRANSFERRED TO THE HOSPITAL TO SUPPORT THE BUILDING AND FURNISHING OF AN EMERGENCY DEPARTMENT EXPANSION. THE REMAINING $466,278 WAS TRANSFERRED TO THE HOSPITAL FOR VARIOUS PROJECTS AND PROGRAMS DURING 2024.Expenses $3,155,293 · grants $3,053,406
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 | Not 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
- 41-1328097
- 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
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $26,685,497
- Income (IRS master file)
- $11,425,286
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,080,951 | $3,296,274 | $26,685,497 | XML |
| 990 | December 2023 | $4,132,970 | $2,775,850 | $24,276,496 | XML |
| 990 | December 2022 | $2,158,199 | $2,763,503 | $22,122,176 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 41-1328097).
Questions about RIDGEVIEW FOUNDATION
- What is the EIN of RIDGEVIEW FOUNDATION?
- The employer identification number (EIN) of RIDGEVIEW FOUNDATION is 41-1328097.
- Is RIDGEVIEW FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to RIDGEVIEW FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RIDGEVIEW 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 RIDGEVIEW FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIDGEVIEW FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RIDGEVIEW FOUNDATION?
- The 990 for the year ended December 31, 2024 names MICHAEL PHELPS.
- Who are the officers and directors of RIDGEVIEW FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 29 people; 0 received compensation from the organization.
- How much revenue does RIDGEVIEW FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,080,951, expenses of $3,296,274 and total assets of $26,685,497 at year end.
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- SCHOOL DISTRICT NO 110 FOUNDATION EIN 41-1809749 · last filed 990-EZ for 2025
- LIVING LEGACY EIN 71-0895373 · last filed 990-PF for 2025
- RETEL FOUNDATION CHARITABLE TR EIN 41-6443943 · last filed 990-PF for 2025
- RIDGEVIEW MEDICAL CENTER EIN 31-1667875 · last filed 990 for 2024
- RIDGEVIEW CLINICS EIN 41-1651783 · last filed 990 for 2024
All nonprofits in WACONIA · Minnesota · Philanthropy, voluntarism and grantmaking foundations