Menno Olivet Care Center Inc
- Assets
- $2.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 78
- Location
- Menno, SD
- Founding
- 07/1972
- Data as of
- 12/2022
- EIN
- 46-0306972
Organization Overview
Menno Olivet Care Center Inc is located in Menno, SD. The organization was established in 1972. 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 12/2022, Menno Olivet Care Center Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menno Olivet Care Center Inc 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 12/2022, Menno Olivet Care Center Inc generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW COST NURSING HOME CARE FOR ELDERLY RESIDENTS AND PROVIDE DAYCARE FACILITIES IN A SMALL RURAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
49-BED SKILLED CARE AND ASSISTED LIVING FACILITY IN A SMALL RURAL COMMUNITY WITH A 63.53% OCCUPANCY RATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Galen Guthmiller President | OfficerTrustee | 1 | $0 |
Jennifer Herrboldt Vice Preside | OfficerTrustee | 1 | $0 |
Larry Kirschenman Secretary | OfficerTrustee | 1 | $0 |
Jeff Nusz Director | Trustee | 1 | $0 |
Kay Smidt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,993 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,849 |
| Total Program Service Revenue | $2,774,991 |
| Investment income | $5,663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $517 |
| 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 | $2,920,020 |
| 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. | $56,899 |
| Compensation of current officers, directors, key employees. | $56,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,650,552 |
| Pension plan accruals and contributions | $59,850 |
| Other employee benefits | $0 |
| Payroll taxes | $134,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $26,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,665 |
| Advertising and promotion | $2,267 |
| Office expenses | $11,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,458 |
| Travel | $4,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,719 |
| Insurance | $73,882 |
| All other expenses | $111,478 |
| Total functional expenses | $2,795,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $774,978 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $276,092 |
| 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 | $7,902 |
| Net Land, buildings, and equipment | $732,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $491,480 |
| Total assets | $2,283,089 |
| Accounts payable and accrued expenses | $126,351 |
| 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 | $108,632 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $234,983 |
| Net assets without donor restrictions | $1,933,035 |
| Net assets with donor restrictions | $115,071 |
| 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 | $2,283,089 |