Nonprofit · EIN 41-1658658
FAIRMONT COMMUNITY HOSPITAL FOUNDATION
Tax-exempt · FAIRMONT, MN 56031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $106,907 | $115,845 | -$8,938 | $6,179,989 | $65,172 | $6,114,817 |
| December 31, 2023 | 990 | $979,211 | $474,875 | $504,336 | $5,832,802 | $368,740 | $5,464,062 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $24,156
- Program service revenue
- $0
- Investment income
- $82,751
- Net gain from sales of assets
- -$56,129
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $27,963
- Other salaries and wages
- $46,990
- Salaries, compensation and benefits (total)
- $50,547
- Professional fundraising fees
- $0
- Accounting fees
- $20,730
- Program services (functional)
- $87,334
- Management and general (functional)
- $15,058
- Fundraising (functional)
- $13,453
Balance sheet and other
- Total assets, start of year
- $5,832,802
- Total assets, end of year
- $6,179,989
- Total liabilities, end of year
- $65,172
- Net assets, end of year
- $6,114,817
- Publicly traded securities
- $6,047,246
- Net assets without donor restrictions
- $5,950,868
- Net assets with donor restrictions
- $163,949
- Gross receipts
- $943,248
- Employees
- 1
- Volunteers
- 15
- Year formed
- 1989
- 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 |
|---|---|---|---|
| COURTNEY CUTLER | VICE PRESIDE Officer | 1 | $0 |
| TIM MILLER | PRESIDENT Officer | 1 | $0 |
| LOGAN PEYMANN | TREASURER Officer | 1 | $0 |
| ROSS WOHLHUTER | SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARILYN FORSTROM | PRESIDENT Officer | 1 | $0 |
| TIM MILLER | VICE PRESIDE Officer | 1 | $0 |
| LOGAN PEYMANN | TREASURER Officer | 1 | $0 |
| ROSS WOHLHUTER | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 804, FAIRMONT, MN 56031-0804
- Principal officer (990 for 2024)
- TIM MILLER
- Signed the 990
- TIM MILLER, PRESIDENT
- Phone
- (505) 236-3397
- Website
- WWW.FCHFOUNDATION.COM
- Return prepared by
- ERPELDING VOIGT & CO LLP
Mission
THE FOUNDATION'S MISSION IS TO ENHANCE HEALTH CARE THROUGH CHARITABLE SUPPORT.
Program accomplishments
- THE FOUNDATION ENHANCES HEALTH CARE BY PURCHASING EQUIPMENT AND SUPPLIES FOR USE BY FAIRMONT MEDICAL CENTER - MAYO HEALTH SYSTEM.Expenses $64,334 · grants $4,963
- THE FOUNDATION AWARDS SCHOLARSHIPS TO THIRD YEAR NURSING STUDENTS IN AN ACCREDITED NURSING PROGRAM.Expenses $23,000 · grants $23,000
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
- 41-1658658
- 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
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E12)
- Assets (IRS master file)
- $6,179,989
- Income (IRS master file)
- $943,248
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $106,907 | $115,845 | $6,179,989 | IRS |
| 990 | December 2023 | $979,211 | $474,875 | $5,832,802 | XML |
| 990 | December 2022 | $297,666 | $226,811 | $4,744,777 | 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 41-1658658).
Questions about FAIRMONT COMMUNITY HOSPITAL FOUNDATION
- What is the EIN of FAIRMONT COMMUNITY HOSPITAL FOUNDATION?
- The employer identification number (EIN) of FAIRMONT COMMUNITY HOSPITAL FOUNDATION is 41-1658658.
- Is FAIRMONT COMMUNITY HOSPITAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to FAIRMONT COMMUNITY HOSPITAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAIRMONT COMMUNITY HOSPITAL 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 FAIRMONT COMMUNITY HOSPITAL 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 FAIRMONT COMMUNITY HOSPITAL 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 FAIRMONT COMMUNITY HOSPITAL FOUNDATION?
- The 990 for the year ended December 31, 2024 names TIM MILLER.
- Who are the officers and directors of FAIRMONT COMMUNITY HOSPITAL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does FAIRMONT COMMUNITY HOSPITAL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $106,907, expenses of $115,845 and total assets of $6,179,989 at year end.
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