Eventide
- Assets
- $127.0m
- Revenue
- $66.5m
- Investments
- $0.0
- Employees
- 1,409
- Location
- Moorhead, MN
- Founding
- 03/1952
- Data as of
- 09/2023
- EIN
- 41-0721640
Organization Overview
Eventide is located in Moorhead, MN. The organization was established in 1952. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Eventide employed 1,409 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eventide 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 09/2023, Eventide generated $66.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $65.4m during the year ending 09/2023. While expenses have increased by 4.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SPONSOR, ENCOURAGE, PROMOTE, AND ADVANCE THE DELIVERY OF HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTIDE LUTHERAN HOME OF MOORHEAD OPERATED A 145-BED NURSING FACILITY. THE OCCUPANCY PERCENTAGE FOR THE YEAR WAS 84.5%
EVENTIDE LINDEN TREE CIRCLE OPERATED A 187-UNIT ELDERLY HOUSING FACILITY. THE OCCUPANCY PERCENTAGE FOR THE YEAR WAS 91.2%EVENTIDE FARGO AL OPERATED A 76-UNIT ASSISTED LIVING FACILITY. THE OCCUPANCY PERCENTAGE FOR THE YEAR WAS 97.4%.EVENTIDE JAMESTOWN AL, OPERATED AS A 43-UNIT ASSISTED LIVING FACILITY. THE OCCUPANCY PERCENTAGE FOR THIS YEAR WAS 78.00%EVENTIDE FARGO OPERATED A 98-BED NURSING FACILITY. THE OCCUPANCY PERCENTAGE FOR THIS YEAR WAS 99.1%EVENTIDE FOUNDATION IS OPERATED TO FUNDRAISE AND THE INVESTMENT OF FUNDS TO SUPPORT THE OPERATIONS OF EVENTIDE.
EVENTIDE JAMESTOWN OPERATED A 81-BED NURSING HOME. THE OCCUPANCY PERCENTAGE FOR THE YEAR WAS 93.8%
EVENTIDE SHEYENNE CROSSINGS CARE CENTER OPERATED A 64-BED NURSING HOME. THE OCCUPANCY PERCENTAGE FOR THE YEAR WAS 96.6%
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Bye Chair | OfficerTrustee | 0.2 | $0 |
Patrick Gulbranson Vice Chair | OfficerTrustee | 0.2 | $0 |
Luke Hvidston Treasurer | OfficerTrustee | 0.2 | $0 |
Peter Seljevold Past Chair | OfficerTrustee | 0.2 | $0 |
Cindy Larson-Casselton Director | Trustee | 0.2 | $0 |
Joseph Halvorson Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Stone Therapy Solutions Therapy Contract | 9/29/23 | $2,674,436 |
Ascendo Healthcare Staffing Llc Nursing Contract | 9/29/23 | $2,385,026 |
Dtn Staffing Inc Nursing Contract | 9/29/23 | $1,014,577 |
Prime Time Health Nursing Contract | 9/29/23 | $470,428 |
Eide Bailly Llp Accounting Services | 9/29/23 | $295,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $403,697 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $535,640 |
| Total Program Service Revenue | $65,266,298 |
| Investment income | $698,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,816 |
| Net Income from Fundraising Events | $36,351 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,542,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $939,818 |
| Compensation of current officers, directors, key employees. | $939,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,449,270 |
| Pension plan accruals and contributions | $495,222 |
| Other employee benefits | $3,119,356 |
| Payroll taxes | $2,476,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,052 |
| Fees for services: Accounting | $169,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,427,332 |
| Advertising and promotion | $332,705 |
| Office expenses | $1,582,969 |
| Information technology | $920,362 |
| Royalties | $0 |
| Occupancy | $2,528,161 |
| Travel | $152,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,234 |
| Interest | $2,943,380 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,299,787 |
| Insurance | $636,558 |
| All other expenses | $988,235 |
| Total functional expenses | $65,424,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,333,229 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,235,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150,052 |
| Prepaid expenses and deferred charges | $546,814 |
| Net Land, buildings, and equipment | $78,253,080 |
| Investments—publicly traded securities | $11,463,450 |
| Investments—other securities | $0 |
| Investments—program-related | $4,678,828 |
| Intangible assets | $2,402,803 |
| Other assets | $16,915,953 |
| Total assets | $126,979,873 |
| Accounts payable and accrued expenses | $5,150,417 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $40,087,514 |
| Escrow or custodial account liability | $406,666 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $35,689,523 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,094,422 |
| Total liabilities | $87,428,542 |
| Net assets without donor restrictions | $36,820,332 |
| Net assets with donor restrictions | $2,730,999 |
| 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 | $126,979,873 |