Lsa Management Inc
- Assets
- $180.0m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 58
- Location
- Salisbury, NC
- Founding
- 04/1988
- Data as of
- 09/2021
- EIN
- 20-1457236
Organization Overview
Lsa Management Inc, operating under the name Lutheran Services Carolinas, is located in Salisbury, NC. The organization was established in 1988. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Lutheran Services Carolinas employed 58 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lutheran Services Carolinas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Lutheran Services Carolinas generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $8.6m during the year ending 09/2021. While expenses have increased by 8.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERED BY CHRIST, WE WALK TOGETHER WITH ALL WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LSA MANAGEMENT, INC. (LSAM) IS AN AFFILIATE OF LUTHERAN SERVICES FOR THE AGING, INC., A SOCIAL MINISTRY OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. LSAM IS RESPONSIBLE FOR PROVIDING ADMINISTRATIVE SUPPORT, FINANCIAL MANAGEMENT, INFORMATION TECHNOLOGY SERVICES, RESOURCE DEVELOPMENT AND VARIOUS SUPPORT SERVICES TO THE AFFILIATE CORPORATIONS THAT MINISTER TO THE AGING, ASSURING QUALITY, CONSISTENCY, AND BEST PRACTICES THROUGHOUT THE ORGANIZATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Goins Jr Ceo/president | OfficerTrustee | 40 | $354,362 |
Kirby Nickerson Chief Financial Officer | Officer | 40 | $245,913 |
Kesha Smith COO - Senior Services | Officer | 40 | $239,790 |
Richard Duncan Chief Development Officer | 40 | $168,885 | |
Courtney Johnson Director Of Business Development | 40 | $154,111 | |
Mary Glidewell Director Of It | 40 | $144,269 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chicago Title Company Insurance Services | 9/29/21 | $7,000,188 |
Vikor Scientific Diagnostic Services | 9/29/21 | $2,163,050 |
Advance Home Care Home Care Services | 9/29/21 | $1,412,627 |
Bb&t Financial Fsb - Master Financial Services | 9/29/21 | $1,032,463 |
Amerisure Mutual - Dept 78226 Insurance Services | 9/29/21 | $721,482 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $476,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $476,388 |
| Total Program Service Revenue | $8,609,846 |
| Investment income | $1,125,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $376,701 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,600,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $667,953 |
| Compensation of current officers, directors, key employees. | $71,872 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,458,233 |
| Pension plan accruals and contributions | $77,608 |
| Other employee benefits | $430,776 |
| Payroll taxes | $384,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,197 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,913 |
| Fees for services: Other | $1,150,384 |
| Advertising and promotion | $47,070 |
| Office expenses | $316,241 |
| Information technology | $440,990 |
| Royalties | $0 |
| Occupancy | $54,113 |
| Travel | $48,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,006 |
| Interest | $130,175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $343,966 |
| Insurance | $12,704 |
| All other expenses | $1,918 |
| Total functional expenses | $8,619,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,672,864 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,417,746 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $135,264,065 |
| Inventories for sale or use | $75,610 |
| Prepaid expenses and deferred charges | $298,056 |
| Net Land, buildings, and equipment | $395,190 |
| Investments—publicly traded securities | $11,812,889 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,078,629 |
| Total assets | $180,015,049 |
| Accounts payable and accrued expenses | $3,473,563 |
| Grants payable | $0 |
| Deferred revenue | $38,839 |
| Tax-exempt bond liabilities | $157,911,353 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,846,334 |
| Total liabilities | $174,270,089 |
| Net assets without donor restrictions | $5,743,842 |
| Net assets with donor restrictions | $1,118 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $180,015,049 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lsa Management Inc has recieved totaling $22,800.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $22,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Of Florence Public Facilities Corporation Florence, SC | $18,928,313 | $2,366,985 |
Service Corps Of Retired Executives Association Herndon, VA | $11,816,704 | $17,894,443 |
Lsa Management Inc Salisbury, NC | $180,015,049 | $10,600,308 |
Pcmh Management Inc Greenville, NC | $44,108,971 | $7,088,400 |
Georgia Center For Nonprofits Inc Atlanta, GA | $2,336,696 | $2,873,224 |
Modular Building Institute Charlottesville, VA | $2,058,716 | $1,866,624 |
Plumbing Manufacturers International Nfp Mclean, VA | $1,816,180 | $1,986,956 |
Builders Exchange Of Tennessee Inc Knoxville, TN | $3,303,908 | $1,339,963 |
Society For Human Resource Mangement Shrm-Atlanta Inc Atlanta, GA | $1,469,118 | $1,192,778 |
Middle Tennessee Industrial Development Association Nashville, TN | $1,313,834 | $842,842 |
Steel Joist Institute Florence, SC | $1,092,464 | $970,121 |
Iredell County Economic Development Corporation Mooresville, NC | $980,582 | $959,388 |