The Lutheran Foundation For Long- Term Living
- Assets
- $118.2m
- Revenue
- $1.4m
- Investments
- $105.8m
- Employees
- 0
- Location
- Erie, PA
- Founding
- Data as of
- 12/2022
- EIN
- 87-1874516
Organization Overview
The Lutheran Foundation For Long- Term Living is located in Erie, PA. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Foundation For Long- Term Living is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark J Gusek President/director | 40 | $479,242 | |
Robert Joyce Cfo/cio | 40 | $316,039 | |
Jeanne H Tropper Secretary | 1 | $0 | |
Melanie A Brewer Director | 1 | $0 | |
Floyd M Csir Director | 1 | $0 | |
William G Cox Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $864,240 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $529,166 |
| Capital Gain Net Income | $529,166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$39,312 |
| Total Revenue | $1,354,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $863,280 |
| Other employee salaries and wages | $75,197 |
| Pension plans, employee benefits | $2,859 |
| Interest | $0 |
| Taxes | $453,153 |
| Depreciation | $0 |
| Occupancy | $81,527 |
| Travel, conferences, and meetings | $30,987 |
| Printing and publications | $0 |
| Other expenses | $85,507 |
| Total operating and administrative expenses | $1,711,145 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,711,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,302,968 |
| Savings and temporary cash investments | $9,981,731 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,283 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $49,684,534 |
| Net Land, buildings, and equipment | $26,370 |
| Other assets | $0 |
| Total assets | $118,157,711 |
| Accounts payable and accrued expenses | $234 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,493 |
| Total liabilities | $8,727 |