Ebenezer Society Foundation
- Assets
- $8.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- 06/1979
- Data as of
- 12/2021
- EIN
- 41-1356565
Organization Overview
Ebenezer Society Foundation is located in Edina, MN. The organization was established in 1979. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ebenezer Society Foundation 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 Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $802.6k during the year ending 12/2021. While expenses have increased by 6.9% 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 SOCIETY FOUNDATION IS PART OF EBENEZER SOCIETY. EBENEZER SOCIETY HELPS OLDER ADULTS AND OTHERS MAKE THEIR LIVES MORE INDEPENDENT, HEALTHFUL, MEANINGFUL AND SECURE. BUILDING ON OUR LUTHERAN HERITAGE, WE RESPOND TO PHYSICAL, PSYCHOLOGICAL, SOCIAL AND SPIRITUAL DIMENSIONS OF THE WHOLE PERSON. WE WELCOME PERSONS OF DIVERSE CULTURES AND FAITH TRADITIONS. WE PRACTICE RESPONSIBLE STEWARDSHIP OF HUMANS, PROPERTY, AND FINANCIAL RESOURCES AND ENCOURAGE CONTINUAL LEARNING AND INNOVATION TO STRIVE FOR EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS EBENEZER SOCIETY, THIS SUPPORT IS OFFERED FOR HEALTH CARE SERVICES TO OLDER ADULTS. EBENEZER HAS 846 BEDS/APARTMENTS THAT PROVIDE HEALTH CARE SERVICES IN SETTINGS OF SKILLED NURSING, MEMORY CARE, ASSISTED LIVING AND INDEPENDENT LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,752,625 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,975,592 |
| Total Program Service Revenue | $0 |
| Investment income | $137,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $597,339 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,710,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $682,075 |
| 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 | $68,365 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,257 |
| Payroll taxes | $4,284 |
| Fees for services: Management | $17,737 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,215 |
| Advertising and promotion | $0 |
| Office expenses | $2,898 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $335 |
| Interest | $3,350 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $802,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,947 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $102,341 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,147,460 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $211,166 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,380,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,085,407 |
| Accounts payable and accrued expenses | $6,714 |
| 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 | $0 |
| Total liabilities | $6,714 |
| Net assets without donor restrictions | $5,293,789 |
| Net assets with donor restrictions | $2,784,904 |
| 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 | $8,085,407 |
Grants Awarded
Over the last fiscal year, Ebenezer Society Foundation has awarded $264,137 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Edina, MN PURPOSE: SUPPORT EBENEZER | $207,382 |
Edina, MN PURPOSE: SUPPORT EBENEZER | $56,755 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ebenezer Society Foundation has recieved totaling $5,555.
| Awarding Organization | Amount |
|---|---|
Union Seniors Association Westlake Village, CA | | $5,555 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sisters Of Mary Of The Presentation Long Term Care Fargo, ND | $74,641,519 | $63,350,384 |
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 |
Missouri Slope Lutheran Care Center Bismarck, ND | $98,166,713 | $36,127,311 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Valley Homes And Services Grand Forks, ND | $24,112,129 | $31,398,381 |
American Lutheran Homes Inc Fargo, ND | $43,343,032 | $34,765,772 |
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 |