Eventide
- Assets
- $35.2m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 165
- Location
- Denison, IA
- Founding
- 03/1965
- Data as of
- 06/2023
- EIN
- 42-0866122
Organization Overview
Eventide is located in Denison, IA. The organization was established in 1965. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2023, Eventide employed 165 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 06/2023, Eventide generated $9.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $9.1m during the year ending 06/2023. While expenses have increased by 3.9% 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
PROVIDE LONG TERM HEALTH CARE AND HOUSING SERVICES FOR THE AGED IN A WAY THAT INCLUDES FAMILY INVOLVEMENT, PROMOTING AND MAXIMIZING THE INDEPENDENCE AND DIGNITY OF EVERY RESIDENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AN 84 BED NURSING FACILITY AND A 36 UNIT ASSISTED LIVING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindi Baker CEO | Officer | 40 | $188,473 |
Coleen Bruhn Director | Trustee | 1 | $0 |
Rachel Desy Director | Trustee | 1 | $0 |
Tonya Eller Treasurer/se | OfficerTrustee | 1 | $0 |
Mark Gray Board Presid | OfficerTrustee | 1 | $0 |
Deryl Hennings Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Stone Therapy Solutions Therapy | 6/29/23 | $356,356 |
Nursing On Call Inc Nursing Service | 6/29/23 | $209,708 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,096,710 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,941 |
| Noncash contributions included in lines 1a–1f | $3,519 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,130,651 |
| Total Program Service Revenue | $7,573,162 |
| Investment income | $504,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $59,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,683,450 |
| 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. | $188,473 |
| Compensation of current officers, directors, key employees. | $188,473 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,361,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $401,032 |
| Payroll taxes | $336,907 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $481,096 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $915,646 |
| Insurance | $0 |
| All other expenses | $32,579 |
| Total functional expenses | $9,106,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,749,747 |
| Savings and temporary cash investments | $2,157,597 |
| Pledges and grants receivable | $402,177 |
| Accounts receivable, net | $24,171 |
| 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 | $120,447 |
| Net Land, buildings, and equipment | $20,185,350 |
| Investments—publicly traded securities | $8,215,088 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $345,414 |
| Total assets | $35,199,991 |
| Accounts payable and accrued expenses | $804,974 |
| 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 | $18,143,864 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,100 |
| Total liabilities | $19,001,938 |
| Net assets without donor restrictions | $13,875,999 |
| Net assets with donor restrictions | $2,322,054 |
| 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 | $35,199,991 |