Augustana Mount Olivet Hospice Care Llc
- Assets
- $5.8m
- Revenue
- $19.3m
- Investments
- $0.0
- Employees
- 159
- Location
- Minneapolis, MN
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 46-4564958
Organization Overview
Augustana Mount Olivet Hospice Care Llc, operating under the name Grace Hospice, is located in Minneapolis, MN. The organization was established in 2015. 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 12/2023, Grace Hospice employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Hospice 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 12/2023, Grace Hospice generated $19.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $18.2m during the year ending 12/2023. While expenses have increased by 18.6% per year over the past 9 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 HOSPICE SERVICES TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUGUSTANA MOUNT OLIVET HOSPICE, LLC ("THE LLC") IS A JOINT VENTURE BETWEEN AUGUSTANA CARE (EIN: 41-1728753) AND MOUNT OLIVET CAREVIEW HOME (EIN: 41-0802697). AUGUSTANA CARE AND MOUNT OLIVET CAREVIEW HOME ARE THE ONLY MEMBERS OF THE LLC. BOTH MEMBERS ARE MINNESOTA NONPROFIT CORPORATIONS AND TAX EXEMPT PUBLIC CHARITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AUGUSTANA CARE IS A PUBLIC CHARITY UNDER SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). MOUNT OLIVET CAREVIEW HOME IS A PUBLIC CHARITY UNDER SECTION 509(A)(2).HOSPICE CARE:THE LLC PROVIDES END-OF-LIFE CARE TO PATIENTS, WHEREVER THEY LIVE, THAT HAVE BEEN CERTIFIED AS BEING TERMINALLY ILL WITH LESS THAN SIX MONTHS OF LIFE. THE PURPOSES OF THE LLC INCLUDE:(A) TO PROVIDE END-OF-LIFE SERVICES THAT SUPPORT EACH INDIVIDUAL'S PHYSICAL, SPIRITUAL, CULTURAL AND EMOTIONAL NEEDS TO ENHANCE THEIR QUALITY OF LIFE;(B) TO SUPPORT AND HELP PATIENTS AND FAMILIES THROUGH THEIR END-OF-LIFE JOURNEY UTILIZING A TEAM APPROACH OF: MEDICAL DIRECTOR, NURSES, SOCIAL WORKERS, CHAPLAINS, HOME HEALTH AIDES, MUSIC THERAPISTS, MASSAGE THERAPISTS, GRIEF COUNSELORS, MEDICATIONS RELATED TO TERMINAL DIAGNOSIS, DURABLE MEDICAL EQUIPMENT, 24/7 ON-CALL SUPPORT AND VOLUNTEERS;(C) TO PROVIDE 13 MONTHS OF BEREAVEMENT SERVICES;(D) TO ACCEPT ALL WHO ARE ELIGIBLE TO HOSPICE SERVICES REGARDLESS OF ABILITY TO PAY;(E) A FAITH-BASED ORGANIZATION BRINGING HOSPICE CARE TO PATIENTS AND FAMILIES THAT BEST FITS THEIR NEEDS; AND(F) OTHER PROGRAMS AS MAY FROM TIME TO TIME THAT IS APPROPRIATE TO THE ACCOMPLISHMENT OF THIS COMPANY'S CHARITABLE PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Lysen Director Of Hospice Then President/ceo | Officer | 40 | $153,192 |
Sarah Van Winkle President/ceo (through August 2023) | Officer | 46 | $165,750 |
Kelsey Tietje Director Marketing | 40 | $111,681 | |
Jennifer Seyfer Director Of Quality & Compliance | 40 | $106,998 | |
Nicole Nielsen Rn Clinical Supervisor | 40 | $108,139 | |
Kelly Weiler Rn Case Manager | 40 | $100,134 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Betterrx Llc Pharmacy Benefit Management | 12/30/23 | $940,589 |
Cassia Services Management Services | 12/30/23 | $379,954 |
Enclara Pharmacia Pharmacy Benefit Management | 12/30/23 | $220,670 |
Internal Medicine & Geriatric Associatio Medical Director Services | 12/30/23 | $192,500 |
Intella Triage Llc Afterhours Coverage | 12/30/23 | $125,229 |
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 | $212,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,553 |
| Total Program Service Revenue | $18,997,715 |
| Investment income | $56,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,999 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,281,206 |
| 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. | $355,779 |
| Compensation of current officers, directors, key employees. | $232,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,704,485 |
| Pension plan accruals and contributions | $137,557 |
| Other employee benefits | $699,696 |
| Payroll taxes | $603,023 |
| Fees for services: Management | $379,954 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,203,020 |
| Advertising and promotion | $10,037 |
| Office expenses | $256,749 |
| Information technology | $181,942 |
| Royalties | $0 |
| Occupancy | $55,081 |
| Travel | $237,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,158 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,017 |
| Insurance | $27,881 |
| All other expenses | $10,351 |
| Total functional expenses | $18,195,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,847,742 |
| Savings and temporary cash investments | $4,499 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,704,756 |
| 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 | $49,322 |
| Net Land, buildings, and equipment | $73,015 |
| Investments—publicly traded securities | $1,002,385 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $158,700 |
| Total assets | $5,840,419 |
| Accounts payable and accrued expenses | $1,189,729 |
| 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 | $148,904 |
| Total liabilities | $1,338,633 |
| Net assets without donor restrictions | $4,501,786 |
| 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 | $5,840,419 |
Grants Awarded
Over the last fiscal year, Augustana Mount Olivet Hospice Care Llc has awarded $500,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTANA CARE PURPOSE: GENERAL SUPPORT | $250,000 |
MOUNT OLIVET CAREVIEW HOME PURPOSE: GENERAL SUPPORT | $250,000 |