Civic Intelligence

Omc Regional Foundation

990 • Fiscal year 2012 • EIN 26-0022777

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 16, 2013

210 9th Street SE55904
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

75th percentile

11%

Faster asset growth than 75% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$3,503,789

Up $345,939 (+11%) from 2011

Net Assets

Up

$3,503,789

Up $345,939 (+11%) from 2011

Liabilities

Flat

$0

Flat from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$281,909

Down $13,157 (-4.5%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,833,954Liabilities 2010: $0Net Assets 2010: $2,833,9542010Assets 2011: $3,157,850Liabilities 2011: $0Net Assets 2011: $3,157,8502011Assets 2012: $3,503,789Liabilities 2012: $0Net Assets 2012: $3,503,7892012Assets 2013: $4,382,715Liabilities 2013: $0Net Assets 2013: $4,382,7152013Assets 2014: $4,051,405Liabilities 2014: $0Net Assets 2014: $4,051,4052014Assets 2015: $4,010,832Liabilities 2015: $0Net Assets 2015: $4,010,8322015Assets 2016: $4,056,697Liabilities 2016: $0Net Assets 2016: $4,056,6972016Assets 2017: $3,928,740Liabilities 2017: $0Net Assets 2017: $3,928,7402017Assets 2018: $4,064,414Liabilities 2018: $0Net Assets 2018: $4,064,4142018Assets 2019: $4,568,488Liabilities 2019: $0Net Assets 2019: $4,568,4882019Assets 2020: $4,863,201Liabilities 2020: $0Net Assets 2020: $4,863,2012020Assets 2021: $5,262,617Liabilities 2021: $0Net Assets 2021: $5,262,6172021Assets 2022: $5,187,654Liabilities 2022: $0Net Assets 2022: $5,187,6542022Assets 2023: $5,856,393Liabilities 2023: $16,000Net Assets 2023: $5,840,3932023Assets 2024: $6,475,356Liabilities 2024: $0Net Assets 2024: $6,475,3562024

Highlighted filing

2012

Assets$3,503,789
Liabilities$0
Net Assets$3,503,789

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $298,3262010Expenses 2011: $295,0662011Expenses 2012: $281,9092012Revenue 2013: $1,165,165Expenses 2013: $274,232Net Income 2013: $890,9332013Revenue 2014: $1,573,808Expenses 2014: $1,910,511Net Income 2014: -$336,7032014Revenue 2015: $778,945Expenses 2015: $855,513Net Income 2015: -$76,5682015Revenue 2016: $717,499Expenses 2016: $625,843Net Income 2016: $91,6562016Revenue 2017: $553,850Expenses 2017: $723,337Net Income 2017: -$169,4872017Revenue 2018: $541,295Expenses 2018: $305,918Net Income 2018: $235,3772018Revenue 2019: $574,203Expenses 2019: $349,747Net Income 2019: $224,4562019Revenue 2020: $615,013Expenses 2020: $379,028Net Income 2020: $235,9852020Revenue 2021: $569,405Expenses 2021: $316,182Net Income 2021: $253,2232021Revenue 2022: $580,766Expenses 2022: $266,523Net Income 2022: $314,2432022Revenue 2023: $715,333Expenses 2023: $322,759Net Income 2023: $392,5742023Revenue 2024: $706,462Expenses 2024: $277,693Net Income 2024: $428,7692024

Highlighted filing

2012

Revenue-
Expenses$281,909
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 16, 2013
Return Version
2012v2.1
Gross Receipts
$710,363
Mission and Program Overview

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.

Major Activities

Activity 2
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.
Activity 3
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.
Filing and Contact Details

Filer

EIN
26-0022777
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IRS990/Activity2/Description0CARL 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.
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IRS990/Activity3/Description0MEDICAL 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.
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IRS990ScheduleD/CurrentYearMinus4Years/Contributions0112855
IRS990ScheduleD/CurrentYearMinus4Years/EndOfYearBalance01684068
IRS990ScheduleD/CurrentYearMinus4Years/GrantsOrScholarships076544
IRS990ScheduleD/CurrentYearMinus4Years/InvestmentEarningsOrLosses0-36341
IRS990ScheduleD/CurrentYear/OtherExpenditures058498
IRS990ScheduleD/EndowmentsHeldByRelatedOrgs00
IRS990ScheduleD/EndowmentsHeldByUnrelatedOrgs01
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE MAJORITY OF THE ENDOWMENT FUNDS ARE RESTRICTED IN USE TO SPECIFIC PURPOSES. THE LARGEST RESTRICTED USE FUND IS SET UP FOR DEBT RELIEF OF HOSPITAL PATIENTS FOR THE POOR AND INDIGENT OF OLMSTED COUNTY.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1OLMSTED MEDICAL CENTER AND THE OMC REGIONAL FOUNDATION ARE EXEMPT FROM FEDERAL INCOME TAXES AS TAX-EXEMPT ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR INCOME ON CERTAIN UNRELATED BUSINESS INCOME. THERE IS NO MATERIAL UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011. THE MEDICAL CENTER AND FOUNDATION ARE ALSO EXEMPT FROM STATE INCOME TAXES UNDER APPLICABLE MINNESOTA STATUTES. THE MEDICAL CENTER AND FOUNDATION FILE FEDERAL AND STATE INCOME TAX RETURNS. GENERALLY, THE MEDICAL CENTER AND FOUNDATION ARE NO LONGER SUBJECT TO STATE AND FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEAR ENDED DECEMBER 31, 2008, AND PRIOR.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART V, LINE 4:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference1PART X, LINE 2:
IRS990ScheduleD/OtherAssets/BookValue01159110
IRS990ScheduleD/OtherAssets/Description0BENEFICIAL INTEREST IN DONOR TRUST HELD BY OTHERS
IRS990ScheduleD/OtherLandBuildings/BookValue00
IRS990ScheduleD/OtherLandBuildings/Depreciation07589
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis07589
IRS990ScheduleD/PermanentEndowmentEOYBalance00.60000
IRS990ScheduleD/TermEndowmentEOYBalance00.12000
IRS990ScheduleD/TotalBookValueOtherAssets01159110
IRS990ScheduleD/TotalOfBookValueLandBuildings00
IRS990ScheduleG/EventsInformation/CharitableContributionsEvent1024500
IRS990ScheduleG/EventsInformation/CharitableContributionsEvent204480
IRS990ScheduleG/EventsInformation/CharitableContributionsTotal028980
IRS990ScheduleG/EventsInformation/DirectExpenseSummaryEvents081154
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent10108765
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent2044428
IRS990ScheduleG/EventsInformation/GrossReceiptsTotal0153193
IRS990ScheduleG/EventsInformation/GrossRevenueEvent1084265
IRS990ScheduleG/EventsInformation/GrossRevenueEvent2039948

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.48$0.00$6.48$0.71$0.28$0.43
2023Detailed filing. Detailed filing data is available for this year.$5.86$0.02$5.84$0.72$0.32$0.39
2022Detailed filing. Detailed filing data is available for this year.$5.19$0.00$5.19$0.58$0.27$0.31
2021Detailed filing. Detailed filing data is available for this year.$5.26$0.00$5.26$0.57$0.32$0.25
2020Detailed filing. Detailed filing data is available for this year.$4.86$0.00$4.86$0.62$0.38$0.24
2019Detailed filing. Detailed filing data is available for this year.$4.57$0.00$4.57$0.57$0.35$0.22
2018Detailed filing. Detailed filing data is available for this year.$4.06$0.00$4.06$0.54$0.31$0.24
2017Detailed filing. Detailed filing data is available for this year.$3.93$0.00$3.93$0.55$0.72$0.17
2016Detailed filing. Detailed filing data is available for this year.$4.06$0.00$4.06$0.72$0.63$0.09
2015Detailed filing. Detailed filing data is available for this year.$4.01$0.00$4.01$0.78$0.86$0.08
2014Detailed filing. Detailed filing data is available for this year.$4.05$0.00$4.05$1.57$1.91$0.34
2013Detailed filing. Detailed filing data is available for this year.$4.38$0.00$4.38$1.17$0.27$0.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.50$0.00$3.50$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$0.00$3.16$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$0.00$2.83$0.30