Luther Memorial Home
- Assets
- $3.4m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 138
- Location
- Madelia, MN
- Founding
- 11/1961
- Data as of
- 09/2021
- EIN
- 41-0826784
Organization Overview
Luther Memorial Home is located in Madelia, MN. The organization was established in 1961. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 09/2021, Luther Memorial Home employed 138 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Luther Memorial Home 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, Luther Memorial Home generated $4.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $4.0m during the year ending 09/2021. 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
TO PROVIDE 24-HOUR SKILLED NURSING CARE, ROOM & BOARD, DIETARY SERVICES, HOUSEKEEPING/LAUNDRY, REHABILITATIVE THERAPY, ACTIVITY PROGRAMMING, SPIRITUAL SERVICES, BEAUTY/BARBER SERVICES, AND SOCIAL SERVICES IN A PROFESSIONAL AND HOME-LIKE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE 24-HOUR SKILLED NURSING CARE, ROOM & BOARD, DIETARY SERVICES, HOUSEKEEPING/LAUNDRY, REHABILITATIVE THERAPIES, ACTIVITY PROGRAMMING, SPIRITUAL SERVICES, BEAUTY/BARBER SERVICES, AND SOCIAL SERVICES IN A PROFESSIONAL MANNER AND HOME-LIKE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Murray Finger Administrator | Officer | 40 | $30,000 |
Larry Passel Administrator - Part Year | Officer | 40 | $30,000 |
Dennis Swenson Chairman | OfficerTrustee | 5 | $0 |
Robert Wright Vice Chair | OfficerTrustee | 0.5 | $0 |
Colleen Jacobs Treasurer | OfficerTrustee | 0.5 | $0 |
Mary Feder Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lsi Consulting Llc Mgmt/consulting Services | 9/29/21 | $220,301 |
Martin Brothers Distributing Co Food Vendor | 9/29/21 | $168,800 |
Select Rehab Therapy Services | 9/29/21 | $138,534 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $913,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $913,800 |
| Total Program Service Revenue | $3,401,547 |
| Investment income | $4,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,514 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,600,698 |
| 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. | $49,574 |
| Compensation of current officers, directors, key employees. | $49,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,187,290 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,612 |
| Payroll taxes | $167,094 |
| Fees for services: Management | $129,035 |
| Fees for services: Legal | $1,145 |
| Fees for services: Accounting | $46,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $317,835 |
| Advertising and promotion | $21,822 |
| Office expenses | $78,287 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,513 |
| Travel | $1,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,628 |
| Interest | $21,494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,936 |
| Insurance | $51,634 |
| All other expenses | $9,818 |
| Total functional expenses | $4,042,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $616,832 |
| Savings and temporary cash investments | $813,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $600,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,521 |
| Prepaid expenses and deferred charges | $24,632 |
| Net Land, buildings, and equipment | $1,366,222 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,423,486 |
| Accounts payable and accrued expenses | $314,505 |
| Grants payable | $0 |
| Deferred revenue | $296,097 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,591 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $436,837 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,052,030 |
| Net assets without donor restrictions | $2,371,456 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,423,486 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Venture Burnsville, MN | $4,889,777 | $6,516,603 |
Evangelical Lutheran Good Samaritan Foundation Sioux Falls, SD | $102,471,128 | $9,259,464 |
Christian Worship Hour Aberdeen, SD | $3,374,479 | $4,060,903 |
Luther Memorial Home Madelia, MN | $3,423,486 | $4,600,698 |
Barnabas International Elkhorn, WI | $2,407,026 | $3,476,922 |
Fargo Union Mission Inc Fargo, ND | $6,248,468 | $4,299,626 |