St Marks Lutheran Home
- Assets
- $10.2m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 162
- Location
- Austin, MN
- Founding
- 11/1961
- Data as of
- 09/2023
- EIN
- 41-0859697
Organization Overview
St Marks Lutheran Home is located in Austin, MN. The organization was established in 1961. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2023, St Marks Lutheran Home employed 162 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Marks Lutheran 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 09/2023, St Marks Lutheran Home generated $8.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $8.7m during the year ending 09/2023. 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
ST. MARK'S IS DEDICATED TO PROVIDE A CONTINUUM OF SERVICES IN THE SPIRIT OF GOD'S LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HOUSING AND NURSING CARE TO THE ELDERLY BY OPERATING A 57 BED LICENSED NURSING FACILITY ALONG WITH 48 BED INDEPENDENT HOUSING, 25 BED ASSISTED LIVING, AND 26 BED MEMORY CARE FACILITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Johnson President | OfficerTrustee | 1 | $0 |
Harlan Nelson Director | OfficerTrustee | 1 | $0 |
James Braaten Treasurer | OfficerTrustee | 1 | $0 |
Connie Priebe Secretary | OfficerTrustee | 1 | $0 |
Nancy Donahue Director | Trustee | 1 | $0 |
Connie Simonson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ecumen Management Services | 9/29/19 | $417,038 |
Aegis Therapies Therapy Services | 9/29/19 | $373,895 |
One Staff Medical Staffing | 9/29/19 | $334,216 |
Ann Leo Staffing | 9/29/19 | $295,092 |
Reinharts Food Services | 9/29/19 | $135,813 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $557,941 |
| 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 | $557,941 |
| Total Program Service Revenue | $7,814,842 |
| Investment income | $38,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $8,861,199 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,535,343 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $498,252 |
| Payroll taxes | $280,830 |
| Fees for services: Management | $376,369 |
| Fees for services: Legal | $9,453 |
| Fees for services: Accounting | $83,216 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $367,436 |
| Advertising and promotion | $40,250 |
| Office expenses | $6,767 |
| Information technology | $75,468 |
| Royalties | $0 |
| Occupancy | $404,604 |
| Travel | $1,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18 |
| Interest | $683,678 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $509,548 |
| Insurance | $146,573 |
| All other expenses | $549,085 |
| Total functional expenses | $8,732,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,348 |
| Savings and temporary cash investments | $2,157 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $791,411 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,161 |
| Prepaid expenses and deferred charges | $87,324 |
| Net Land, buildings, and equipment | $7,147,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $876,381 |
| Intangible assets | $0 |
| Other assets | $1,006,862 |
| Total assets | $10,208,176 |
| Accounts payable and accrued expenses | $2,203,843 |
| Grants payable | $0 |
| Deferred revenue | $786,662 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $59,377 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,125,676 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,631,864 |
| Total liabilities | $18,807,422 |
| Net assets without donor restrictions | -$8,599,246 |
| 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 | $10,208,176 |