Concordia Lutheran Ministries is located in Cabot, PA. The organization was established in 2006. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concordia Lutheran Ministries 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 06/2020, Concordia Lutheran Ministries generated $44.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $481.5k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CONCORDIA LUTHERAN MINISTRIES' PRIMARY EXEMPT PURPOSE IS TO MANAGE, OVERSEE, AND CARRY OUT THE CHARITABLE PURPOSES OF AFFILIATE 501(C)(3) ORGANIZATIONS. SEE PART III, LINE 1 FOR FURTHER EXPLANATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCORDIA LUTHERAN MINISTRIES IS THE PARENT COMPANY OF A NETWORK OF ORGANIZATIONS THAT PROVIDE A FULL SENIOR CARE SUITE OF SERVICES THAT INCLUDE SKILLED NURSING, INPATIENT REHABILITATION, OUTPATIENT REHABILITATION, PERSONAL CARE/ASSISTED LIVING, INDEPENDENT LIVING, MEMORY CARE, ADULT DAY, CHILDCARE, HOME CARE, DURABLE MEDICAL EQUIPMENT, PHARMACY, AND HOSPICE SERVICES. FOR 140 YEARS, CONCORDIA LUTHERAN MINISTRIES HAS BEEN A PLACE WITH A MISSION OF CARING, HEALING, AND COMFORT PROVIDED THROUGH HEARTFELT CHRISTIAN FAITH AND A STRONG SENSE OF SERVICE TO OTHERS. THE ORGANIZATION, ITS SUBSIDIARIES, AND ITS OVER 3,100 EMPLOYEES CONTINUED TO PROVIDE HIGH QUALITY SERVICES TO THE RESIDENTS IN ITS CARE AS IT HAS DONE THROUGHOUT ITS EXISTENCE, CONTINUING ITS CARF ACCREDITATION FOR EXCELLENCE, AND HAVING MULTIPLE FACILITIES RATED 5 STARS BY THE CENTER OF MEDICARE AND MEDICAID SERVICES DURING THE FISCAL YEAR. THROUGH ITS MINISTRIES, THE ORGANIZATION SERVED NEARLY 50,000 RESIDENTS/PATIENTS THROUGH ITS 22 ORGANIZATIONS WITH ITS HOME AND COMMUNITY-BASED SERVICE ORGANIZATIONS PROVIDING NEARLY HALF A MILLION CAREGIVING VISITS IN THE LAST YEAR ALONE. IN PURSUIT OF ITS MISSION, THE ORGANIZATION INCURRED EXPENSES RELATED TO MANAGEMENT INCLUDING COMMUNITY BENEFIT EXPENSES, AS WELL AS THE RESEARCH AND ACQUISITION OF RETIREMENT COMMUNITIES, SKILLED NURSING FACILITIES, AND PERSONAL CARE FACILITIES. THESE EXPENSES INCLUDE LEGAL AND ACCOUNTING FEES, TRAVEL TO FACILITY SITES, MEETINGS RELATED TO ACQUISITION DECISIONS, AND OTHER RESEARCH COSTS INCLUDING MANAGEMENT'S TIME. THE ORGANIZATION DONATED OVER $9 MILLION TO AFFILIATE, HARMONY PROTECTION GROUP WHICH PROVIDES INSURANCE SERVICES TO THE ORGANIZATION'S SUBSIDIARIES.
THE ORGANIZATION WAS AFFECTED BY THE COVID-19 PANDEMIC IN MANY WAYS, BUT THROUGH THE PERSEVERANCE OF ITS STAFF AND MANAGERS, THE ORGANIZATION HAS BEEN ABLE TO WEATHER THE STORM VERY WELL. THE ORGANIZATION WAS ABLE TO SECURE SUFFICIENT LEVELS OF PERSONAL PROTECTIVE EQUIPMENT ENSURING THAT NO STAFF MEMBER WOULD GO WITHOUT PROTECTION THROUGH THE PANDEMIC. BETWEEN PPE, UV LIGHT SANITIZERS AND OTHER NEW TECHNOLOGIES, CLEANING PRODUCTS, HAND SANITIZER, AND MUCH MORE, CONCORDIA HAS INVESTED OVER TWO AND HALF A MILLION DOLLARS INTO PROTECTING ITS STAFF AND THE PATIENTS IN ITS CARE. A KEY FACTOR IN BOTH RETAINING EMPLOYEES AND FIGHTING COVID-19 IS COMPREHENSIVE AND ONGOING TRAINING. CONTINUOUS JOB-SPECIFIC EDUCATION WAS A FOCUS FOR THE ORGANIZATION INCLUDING HAND HYGIENE, DOFFING AND DONNING PPE, SANITIZING HIGH-TOUCH SURFACE AREAS FREQUENTLY AND, MUCH MORE. TO SHOW ITS APPRECIATION TO ITS EMPLOYEES, THE ORGANIZATION AND ITS SUBSIDIARIES IMPLEMENTED MILLIONS OF DOLLARS IN INCENTIVE PROGRAMS FOR EMPLOYEES TO SHOW APPRECIATION FOR THEIR RESPONSE TO THE PANDEMIC. IN A YEAR AFFECTED DEEPLY BY THE COVID-19 PANDEMIC, CONCORDIA' HAS NOT ONLY PERSEVERED BUT ROSE TO THE CHALLENGE AND PROVED THEMSELVES WORTHY OF THE REPUTATION THE ORGANIZATION HAS BUILT OVER THE LAST 140 YEARS. EVEN THOSE WHO WORKED THROUGH THE TOUGH BATTLE OF DEALING WITH POSITIVE COVID-19 CASES DID SO WITH PROFESSIONALISM AND GRACE AND DID THE BEST FOR THEIR RESIDENTS DAILY.
THROUGH THE ORGANIZATION AND ITS SUBSIDIARIES, THE CHARITABLE MISSION OF CONCORDIA LUTHERAN MINISTRIES WAS EXPRESSED IN MULTIPLE WAYS. THE ORGANIZATION AND ITS SUBSIDIARIES WERE ABLE TO PROVIDE OVER $2,500,000 IN DONATIONS AND GRANTS TO VARIOUS CHARITIES IN THE ORGANIZATION'S LOCAL AREAS OF OPERATIONS AND TO INDIVIDUALS ACROSS THE WORLD IN NEED. THESE DONATIONS AND GRANTS INCLUDE SUPPORT FOR BUT NOT LIMITED TO: SOUP KITCHENS, HOMELESS SHELTERS, CHURCH MINISTRIES, AIDS ORPHANS IN AFRICA, CAMPS FOR GRIEVING CHILDREN AFTER PARENTAL LOSSES, AND NATURAL DISASTER RELIEF. IN ADDITION TO PROVIDING THE DONATIONS AND GRANTS, THE ORGANIZATION AND ITS SUBSIDIARIES CONTINUED THEIR MISSIONS BY PROVIDING OVER $12,000,000 IN BENEVOLENT CARE TO OVER 600 RESIDENTS WHO EXHAUSTED THEIR FUNDS WHILE ENTRUSTED TO THE ORGANIZATION'S CARE. THE ORGANIZATION IS PROUD TO SAY THAT IN ITS 150 YEAR HISTORY, IT HAS NEVER DISCHARGED A RESIDENT DUE TO AN INABILITY TO PAY. IN ADDITION TO PROVIDING FOR THOSE IN NEED, THE ORGANIZATION AND ITS SUBSIDIARIES OFFER A FULL SUITE OF AFFORDABLE BENEFITS TO ITS OVER 3,100 EMPLOYEES INCLUDING A HEALTH INSURANCE PROGRAM FACILITATED THOUGH THE ORGANIZATION. IN ADDITION TO OFFERING TRADITIONAL BENEFITS TO ITS EMPLOYEES, THE ORGANIZATION HAS ALSO PROVIDED COUNTLESS SCHOLARSHIPS, GIFTS, AND OTHER INCENTIVES TO SHOWCASE ITS COMMITMENT TO BEING THE EMPLOYER OF CHOICE FOR ITS OPERATING AREAS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Keith Frndak-See Schedule O Chief Executive Officer | Officer | 1 | $0 |
Brian Hortert-See Schedule O Chief Operating Officer | Officer | 1 | $0 |
Michael Falbo-See Schedule O Chief Financial Officer | Officer | 1 | $0 |
James Limbaugh Chairman | Trustee | 1 | $0 |
James Wolf Vice Chairman | Trustee | 1 | $0 |
Len Bloom Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sei Private Trust Company Investment Fees | 6/29/15 | $211,035 |
Haynes And Boone Llp Legal Services | 6/29/15 | $242,263 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $13,799,107 |
Investment income | $6,453,203 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $682,572 |
Net Rental Income | -$144,563 |
Net Gain/Loss on Asset Sales | $7,695,092 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $44,493,853 |
Statement of Expenses | |
---|---|
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. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $10,944 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $281,399 |
Fees for services: Other | $126,184 |
Advertising and promotion | $134 |
Office expenses | $771 |
Information technology | $472 |
Royalties | $0 |
Occupancy | $12,924 |
Travel | $7,725 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $28,067 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $7,531 |
All other expenses | $0 |
Total functional expenses | $481,498 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $998,203 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $19,264,710 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $60,789 |
Investments—publicly traded securities | $166,365,423 |
Investments—other securities | $0 |
Investments—program-related | $279,221,224 |
Intangible assets | $0 |
Other assets | $2,020,353 |
Total assets | $481,636,250 |
Accounts payable and accrued expenses | $1,213,750 |
Grants payable | $0 |
Deferred revenue | $200,886 |
Tax-exempt bond liabilities | $0 |
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 | $1,914,453 |
Total liabilities | $3,329,089 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $478,307,161 |
Over the last fiscal year, we have identified 2 grants that Concordia Lutheran Ministries has recieved totaling $102,433.
Awarding Organization | Amount |
---|---|
George H Campbell Lillian S Campbell & Mary S Campbell Fdn Tr Pittsburgh, PA PURPOSE: EXPANSION | $100,000 |
Futrell Foundation Pittsburgh, PA PURPOSE: GENERAL | $2,433 |
Organization Name | Assets | Revenue |
---|---|---|
Somc Medical Care Foundation Inc Portsmouth, OH | $14,653,193 | $44,708,757 |
Montefiore Medicine Academic Health Self Insurance Trist Bronx, NY | $287,426,872 | $78,028,348 |
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Cancer Care Co-Payment Assistance Foundation Inc New York, NY | $80,171,765 | $74,806,659 |
Dorothy Rider Pool Health Care Tr Uw L P Pool No 8 76431 Pittsburgh, PA | $33,435 | $17,533,563 |
Hss Properties Corporation New York, NY | $595,585,404 | $72,958,189 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Royal Charter Properties - East Inc New York, NY | $212,621,601 | $60,926,484 |
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Five Pointe Professional Liability Insurance Company Wilmington, DE | $241,906,004 | $45,761,537 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |