Evangelical Lutheran Good Samaritan Foundation
- Assets
- $92.6m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 46-0422866
Organization Overview
Evangelical Lutheran Good Samaritan Foundation is located in Sioux Falls, SD. The organization was established in 1994. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evangelical Lutheran Good Samaritan 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 12/2022, Evangelical Lutheran Good Samaritan Foundation generated $7.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. 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 INSPIRE PHILANTHROPIC INVESTMENT IN THE HEALTH AND WELL-BEING OF (CONTINUED ON SCH O) SENIORS SERVED BY THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS HELPING TRANSFORM THE AGING EXPERIENCE BY INSPIRING AND FACILITATING PHILANTHROPIC INVESTMENT AND COMMUNITY ENGAGEMENT AROUND THE SOCIETY, THE NATION'S LARGEST NONPROFIT PROVIDER OF SENIOR HOUSING AND SERVICES. 100% OF EVERY DOLLAR RAISED SUPPORTS LOCAL PRIORITIES OF SOCIETY LOCATIONS, SUCH AS STAFF EDUCATION, HEALTH AND WELLNESS EQUIPMENT AND TECHNOLOGY, AND SERVICES THAT ENHANCE THE PHYSICAL, MENTAL AND SPIRITUAL WELL-BEING OF PEOPLE AS THEY AGE.
ADDITIONAL DONATIONS SUPPORT CONTINUING EDUCATION FOR STAFF AND RESEARCH PROGRAMS TO DRIVE INNOVATION AND THE HIGHEST STANDARDS OF SENIOR CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Gassen III Trustee, President & CEO | OfficerTrustee | 0.5 | $0 |
Michelle Bruhn Evp, CFO & Treasurer | Officer | 0.5 | $0 |
Maria Bell MD Trustee, Physician | Trustee | 0.5 | $0 |
Deb Koski Vp, Chief Phil Officer | Officer | 5 | $0 |
Mark Lundeen MD Trustee, Physician | Trustee | 0.5 | $0 |
Joann Kunkel Former Cfo-Sch J, Part Iii, Line 4a | 0 | $0 |
Financial Statements
| 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 | $3,254,328 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,254,328 |
| Total Program Service Revenue | $0 |
| Investment income | $4,222,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$226,327 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,250,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,317,344 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,267 |
| Fees for services: Other | $0 |
| Advertising and promotion | $551 |
| Office expenses | $7,305 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,521 |
| Travel | $47,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $121 |
| All other expenses | -$1,360,136 |
| Total functional expenses | $5,317,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $912,737 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $258,523 |
| Accounts receivable, net | $103,223 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $87,117,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,222,719 |
| Total assets | $92,614,654 |
| Accounts payable and accrued expenses | $1,401 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $182,086 |
| 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 | $1,581,921 |
| Total liabilities | $1,765,408 |
| Net assets without donor restrictions | $56,620,841 |
| Net assets with donor restrictions | $34,228,405 |
| 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 | $92,614,654 |
Grants Awarded
Over the last fiscal year, Evangelical Lutheran Good Samaritan Foundation has awarded $5,317,344 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EAGLE'S HEALING NEST PURPOSE: SEE FORM 990, PAGE 2, PART III | $12,263 |
EPISCOPAL CHURCH HOME FOUNDATION INC PURPOSE: SEE FORM 990, PAGE 2, PART III | $75,365 |
THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY PURPOSE: SEE FORM 990, PAGE 2, PART III | $4,824,227 |
FRIENDSHIP MANOR INC PURPOSE: SEE FORM 990, PAGE 2, PART III | $172,622 |
CITY OF MOTT PURPOSE: SEE FORM 990, PAGE 2, PART III | $226,828 |
TOPSIDE MANOR INC PURPOSE: SEE FORM 990, PAGE 2, PART III | $6,039 |