Ebenezer Society
- Assets
- $59.0m
- Revenue
- $25.8m
- Investments
- $0.0
- Employees
- 1,069
- Location
- Edina, MN
- Founding
- 09/1988
- Data as of
- 12/2021
- EIN
- 41-0706141
Organization Overview
Ebenezer Society is located in Edina, MN. The organization was established in 1988. 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 12/2022, Ebenezer Society employed 1,069 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ebenezer Society 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 12/2021, Ebenezer Society generated $25.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $26.0m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 7 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
EBENEZER HELPS OLDER ADULTS AND OTHERS MAKE THEIR LIVES MORE INDEPENDENT, HEALTHFUL, MEANINGFUL AND SECURE. WITH OUR PARTNERS AT FAIRVIEW HEALTH SERVICES, WE PROVIDE ACCESS THROUGHOUT MINNESOTA TO A FULL RANGE OF HOUSING OPTIONS, COMMUNITY-BASED PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EBENEZER HELPS OLDER ADULTS AND OTHERS MAKE THEIR LIVES MORE INDEPENDENT, HEALTHFUL, MEANINGFUL AND SECURE. WITH OUR PARTNERS AT FAIRVIEW HEALTH SERVICES, WE PROVIDE ACCESS THROUGHOUT MINNESOTA TO A FULL RANGE OF HOUSING OPTIONS, COMMUNITY-BASED PROGRAMS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Ex-Officio | OfficerTrustee | 2 | $0 |
Name Not Listed President | OfficerTrustee | 40 | $0 |
Name Not Listed Chair, Ended 5-2022 | OfficerTrustee | 0.3 | $0 |
Name Not Listed Chair | OfficerTrustee | 0.3 | $0 |
Name Not Listed Cfo, Treasurer | OfficerTrustee | 40 | $326,029 |
Name Not Listed Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Network Therapy Service Llc Rehab Services | 12/30/22 | $1,651,315 |
Grapetree Medical Staffing Llc Medical Staffing Services | 12/30/22 | $1,148,407 |
Clifton Larson Allen Llp Accounting Services | 12/30/22 | $278,754 |
Bestoption Medical Staffing Llc Medical Staffing Services | 12/30/22 | $202,155 |
Annleo Inc Medical Staffing Services | 12/30/22 | $297,219 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,227,252 |
| Investment income | $13,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,859,939 |
| Net Gain/Loss on Asset Sales | $241,152 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,847,388 |
| 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. | $340,086 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,536,763 |
| Pension plan accruals and contributions | $355,097 |
| Other employee benefits | $1,662,514 |
| Payroll taxes | $1,191,295 |
| Fees for services: Management | $122,654 |
| Fees for services: Legal | $1,268 |
| Fees for services: Accounting | $109,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $799,050 |
| Advertising and promotion | $23,690 |
| Office expenses | $457,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,465,318 |
| Travel | $1,851 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,226 |
| Interest | $819,263 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $998,894 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $26,027,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,378,635 |
| Savings and temporary cash investments | $3,488,402 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,165,669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $87,381 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $142,476 |
| Investments—publicly traded securities | $1,534,301 |
| Investments—other securities | $0 |
| Investments—program-related | $500,000 |
| Intangible assets | $0 |
| Other assets | $3,017,137 |
| Total assets | $59,031,436 |
| Accounts payable and accrued expenses | $8,819,463 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $23,494,552 |
| Total liabilities | $32,314,015 |
| Net assets without donor restrictions | $26,717,421 |
| 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 | $26,717,421 |