Grace Lutheran Foundation Inc
- Assets
- $34.9m
- Revenue
- $26.0m
- Investments
- $0.0
- Employees
- 541
- Location
- Eau Claire, WI
- Founding
- 05/1967
- Data as of
- 12/2020
- EIN
- 39-6040444
Organization Overview
Grace Lutheran Foundation Inc is located in Eau Claire, WI. The organization was established in 1967. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Grace Lutheran Foundation Inc employed 541 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Lutheran Foundation Inc 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 12/2020, Grace Lutheran Foundation Inc generated $26.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $26.5m during the year ending 12/2020. While expenses have increased by 8.4% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
GRACE LUTHERAN FOUNDATION, INC. (THE "FOUNDATION") IS ORGANIZED TO ENGAGE IN CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC ACTIVITIES IN ACCORDANCE WITH THE AIMS OF GRACE LUTHERAN CONGREGATION, A RELIGIOUS CORPORATION LOCATED IN EAU CLAIRE, WISCONSIN. THE FOUNDATION OPERATES SKILLED NURSING FACILITIES, ADULT DAY CARE PROGRAMS, ASSISTED LIVING FACILITIES, SENIOR HOUSING FACILITIES, AND POST-SURGICAL FACILITIES, WITH THE GOAL OF ENHANCING HUMAN DIGNITY AND GROWTH BY PROVIDING HIGH QUALITY CHRISTIAN-BASED SERVICE TO RESIDENTS OF THE CHIPPEWA VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRACE LUTHERAN FOUNDATION, INC. PROVIDES SKILLED NURSING SERVICES FOR THOSE IN NEED UNDER ITS FAITH BASED PLAN OF CARE PROGRAMS AT GRACE RIVER PINES AND GRACE PRAIRIE POINT IN EAU CLAIRE, WISCONSIN. GRACE RIVER PINES IS A 50-BED SKILLED NURSING FACILITY THAT PROVIDED 15,312 DAYS OF PATIENT CARE IN 2021. GRACE PRAIRIE POINTE IS A 48-BED SKILLED NURSING FACILITY THAT PROVIDED 9,117 DAYS OF PATIENT CARE IN 2021 (REDUCED TO 24-BEDS IN DECEMBER 2021). THE NURSING HOMES OFFER SKILLED NURSING, IV THERAPY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, AND MEDICATION MANAGEMENT AMONG THEIR MANY PROGRAMS AND SERVICES. THE NURSING HOMES OFFER SERVICES FOR BOTH SHORT-TERM REHABILITATION AND LONG-TERM CARE OPTIONS FOR RESIDENTS DEPENDING UPON THEIR NEEDS. RECREATIONAL ACTIVITIES ARE ALSO PROVIDED TO RESIDENTS TO OFFER AN ENJOYABLE ATMOSPHERE WHILE CARE IS MONITORED BY TRAINED PROFESSIONALS. THE MAJORITY OF THE RESIDENTS RECEIVE ASSISTANCE UNDER THE WISCONSIN MEDICAID PROGRAM.
GRACE LUTHERAN FOUNDATION, INC. PROVIDES ASSISTED LIVING SERVICES IN TWO TYPES OF CERTIFIED FACILITIES, COMMUNITY BASED RESIDENTIAL FACILITIES (CBRF) AND RESIDENTIAL CARE APARTMENT COMPLEXES (RCAC). THE FOUNDATION OPERATES GRACE EDGEWOOD AND WILLOWBROOK ASSISTED LIVING APARTMENTS IN EAU CLAIRE, WISCONSIN WHICH COMBINE INDEPENDENT LIVING WITH THE CONVENIENCE OF MONITORED ASSISTED LIVING CARE PLANS TO OFFER RESIDENTS THE OPTION OF LIVING INDEPENDENTLY WHILE AT THE SAME TIME HAVING THE COMFORT OF KNOWING THAT ADDITIONAL CARE IS AVAILABLE AS NEEDED. THE FOUNDATION ALSO OPERATES GRACE WOODLANDS CBRF IN EAU CLAIRE, WISCONSIN WHICH IS A MEMORY CARE ASSISTED LIVING FACILITY FOR THOSE ADULTS WHO SUFFER FROM MEMORY LOSS OR OTHER CONDITIONS WHICH REQUIRE SOME ASSISTANCE WITH DAY TO DAY LIVING ACTIVITIES. SERVICES OFFERED AT THESE FACILITIES INCLUDE HOUSEKEEPING, LAUNDRY, NURSING ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, DIETARY SERVICES, MEDICATION MANAGEMENT, AND OTHER NURSING SUPERVISION AND CARE SERVICES. A LARGE PORTION OF THE FACILITIES' RESIDENTS RECEIVE SERVICES UNDER COMMUNITY OPTIONS AND FAMILY CARE PROGRAMS AS A PART OF THE WISCONSIN MEDICAID PROGRAMS.
GRACE LUTHERAN FOUNDATION, INC. ALSO OPERATES MANY OTHER PROGRAMS TO PROVIDE CARE FOR BOTH COMMUNITY MEMBERS IN AND AROUND THE SURROUNDING AREAS OF ALL AGES AND THE ELDERLY AND DISABLED OF THE COMMUNITY. THE FOUNDATION OPERATES A CHILDCARE PROGRAM AND AN APARTMENT COMPLEX LOCATED IN EAU CLAIRE, WISCONSIN. THE APARTMENT AND CHILDCARE PROGRAMS RECEIVE A SUBSTANTIAL PORTION OF THEIR FUNDING SOURCES THROUGH COUNTY AND STATE ASSISTANCE PROGRAMS TO PROVIDE CARE AND SERVICES TO THOSE IN NEED IN THE COMMUNITY WHILE FOCUSING ON THE MISSION OF GRACE LUTHERAN CHURCH TO PROVIDE HIGH-QUALITY CHRISTIAN BASED SERVICES TO RESIDENTS OF THE CHIPPEWA VALLEY. THE FOUNDATION PROVIDES MANAGEMENT SERVICES TO LOCAL COMMUNITY NURSING HOMES. ALL OF THE VARIOUS PROGRAMS RECEIVE ADMINISTRATIVE ASSISTANCE THROUGH A SUPPORT AND DEVELOPMENT DEPARTMENT WITHIN GRACE LUTHERAN FOUNDATION.
GRACE LUTHERAN FOUNDATION, INC. PROVIDES ADULT DAY CARE SERVICES IN TWO FACILITIES TO OFFER THE CONVENIENCE OF OUTPATIENT CARE IN TWO COMMUNITIES IN THE EAU CLAIRE, WISCONSIN SURROUNDING AREAS. ONE FACILITY IS LOCATED IN ALTOONA, WISCONSIN AND THE OTHER IS LOCATED IN CHIPPEWA FALLS, WISCONSIN. A LARGE PORTION OF THE SERVICES ARE PROVIDED UNDER COUNTY AND STATE OF WISCONSIN COMMUNITY OPTIONS PROGRAMS FUNDING ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Duhr CEO | Officer | 40 | $168,448 |
Raymond Weiss CEO (thru April) | Officer | 40 | $124,953 |
Jennifer Cohen Administrator | 40 | $109,224 | |
Bryan Bessa Chro | 40 | $104,402 | |
Kelly Larson CFO | Officer | 40 | $96,720 |
Paul Lokken President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Midwest Physical Therapy Therapy Services | 12/30/21 | $959,397 |
One Staff Agency Staffing | 12/30/21 | $110,208 |
Medical Staff Agency Staffing | 12/30/21 | $122,765 |
Market And Johnson Building Repairs | 12/30/21 | $144,996 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,043,159 |
| Investment income | $92,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,600 |
| Net Gain/Loss on Asset Sales | $24,788 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,987,857 |
| 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. | $354,056 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,857,007 |
| Pension plan accruals and contributions | $294,505 |
| Other employee benefits | $1,615,965 |
| Payroll taxes | $877,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,301 |
| Fees for services: Accounting | $69,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,587 |
| Fees for services: Other | $1,631,026 |
| Advertising and promotion | $18,551 |
| Office expenses | $6,506 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,161,281 |
| Travel | $61,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,290 |
| Interest | $735,036 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,461,253 |
| Insurance | $204,510 |
| All other expenses | $0 |
| Total functional expenses | $26,464,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,452 |
| Savings and temporary cash investments | $3,910,620 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,242,096 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $86,183 |
| Prepaid expenses and deferred charges | $183,554 |
| Investments—publicly traded securities | $5,623,056 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $763,592 |
| Total assets | $34,935,456 |
| Accounts payable and accrued expenses | $2,159,632 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $18,305,569 |
| Escrow or custodial account liability | $38,814 |
| 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 | $4,835,156 |
| Total liabilities | $25,339,171 |
| 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 | $9,596,285 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grace Lutheran Foundation Inc has recieved totaling $46.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Continuing Care Services Farmington Hills, MI | $99,574,013 | $103,810,829 |
American Eagle Lifecare Corporation Ann Arbor, MI | $303,368,922 | $57,418,152 |
Rest Haven Illiana Christian Convalescent Home Tinley Park, IL | $89,097,338 | $64,902,074 |
Senior Care Communities Inc St Paul, MN | $79,379,682 | $62,727,719 |
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Lutheran Homes Of Michigan Inc Saginaw, MI | $57,940,344 | $38,263,375 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |