Living Services Foundation is located in Minneapolis, MN. The organization was established in 2000. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Living Services Foundation employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Services 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 06/2021, Living Services Foundation generated $6.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $6.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 6 years. 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
HOUSING AND LONG-TERM CARE FACILITIES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND PROVIDES MANAGEMENT OVERSIGHT TO THE FOLLOWING WHOLLY OWNED SUBSIDIARIES:LIVING SERVICES FOUNDATION/MINNEOTA, LLC CONSISTS OF A 57-BED SKILLED NURSING FACILITY AND 33-UNIT ASSISTED LIVING FACILITY LOCATED IN MINNEOTA, MINNESOTA. LIVING SERVICES FOUNDATION/MORA, LLC CONSISTS OF A 65-BED SKILLED NURSING FACILITY, A 35-UNIT ASSISTED LIVING FACILITY, AND CLINIC SPACE FOR LSF MORA, LLC, LOCATED IN MORA, MINNESOTA. BENEDICTINE LIVING COMMUNITY OF MORA OPERATES THE FACILITIES OWNED BY LIVING SERVICES FOUNDATION/MORA, LLC AND MANAGES A 30 UNIT ASSISTED LIVING BUILDING FOR A THIRD PARTY IN MORA, MN.THE ORGANIZATION OPERATES LIVING SERVICES FOUNDATION - MINNEOTA, LIVING SERVICES FOUNDATION/MORA, LLC AND BENEDICTINE LIVING COMMUNITY OF MORA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jennifer Gleason Coo/secretary/treasurer | Officer | 33 | $174,434 |
Kathy Johnson Administrator | 40 | $119,819 | |
Kimberly Callens Registered Nurse | 45 | $110,751 | |
Tammy Esping Director Of Nursing | 40 | $104,251 | |
Dennis Kamstra President/ceo/board Member | OfficerTrustee | 1 | $98,145 |
Robert Sundberg Chair | OfficerTrustee | 5 | $10,000 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Big Stone Therapies Physical, Occupational, Speech Therapy | 6/29/21 | $611,956 |
Prime Time Health Care Agency Staffing | 6/29/21 | $108,850 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
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 | $0 |
Total Program Service Revenue | $6,645,762 |
Investment income | $514 |
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 | $6,646,276 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $4,006 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $405,454 |
Compensation of current officers, directors, key employees. | $364,759 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,043,701 |
Pension plan accruals and contributions | $15,813 |
Other employee benefits | $345,674 |
Payroll taxes | $217,537 |
Fees for services: Management | $242,802 |
Fees for services: Legal | $14,380 |
Fees for services: Accounting | $39,904 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $200,543 |
Advertising and promotion | $22,749 |
Office expenses | $158,362 |
Information technology | $9,935 |
Royalties | $0 |
Occupancy | $200,726 |
Travel | $893 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $198,864 |
Interest | $492,496 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $378,718 |
Insurance | $79,040 |
All other expenses | $46,002 |
Total functional expenses | $6,563,182 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,913,296 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $805,043 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $214,121 |
Net Land, buildings, and equipment | $6,305,514 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,475,760 |
Total assets | $11,713,734 |
Accounts payable and accrued expenses | $752,823 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $7,971,206 |
Escrow or custodial account liability | $20,604 |
Loans and other payables to any current Officer, Director, or Controlling Person | $1,400,000 |
Secured mortgages and notes payable | $63,563 |
Unsecured mortgages and notes payable | $843,426 |
Other liabilities | $4,336,830 |
Total liabilities | $15,388,452 |
Net assets without donor restrictions | -$3,674,718 |
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 | $11,713,734 |
Over the last fiscal year, we have identified 1 grants that Living Services Foundation has recieved totaling $91,325.
Awarding Organization | Amount |
---|---|
Benedictine Living Community Of Winsted Minneapolis, MN PURPOSE: PAYMENT OF BONDS ON BUILDING | $91,325 |
Organization Name | Assets | Revenue |
---|---|---|
Jackson Recovery Centers Inc Sioux City, IA | $21,242,484 | $18,185,806 |
Prohealth Home Care Inc Waukesha, WI | $6,299,123 | $18,764,473 |
Manning Regional Healthcare Center Manning, IA | $33,693,024 | $22,090,992 |
Platte Community Memorial Hospital Inc Platte, SD | $26,244,701 | $18,420,342 |
Midwest Medical Equipment & Supplies Inc Duluth, MN | $9,339,372 | $12,414,837 |
Coal Country Community Health Center Beulah, ND | $16,617,016 | $15,405,413 |
Bennett County Hospital And Nursing Home Martin, SD | $10,964,954 | $14,575,541 |
Pioneer Memorial Hospital & Health Services Viborg, SD | $14,818,916 | $14,876,728 |
Bridges Medical Center Ada, MN | $19,290,142 | $10,108,060 |
Wisconsin Hospital Association Inc Fitchburg, WI | $23,228,476 | $8,918,515 |
Seasons Hospice Rochester, MN | $9,859,927 | $8,553,990 |
Living Services Foundation Minneapolis, MN | $11,713,734 | $6,646,276 |