Ecumen
- Assets
- $310.5m
- Revenue
- $148.8m
- Investments
- $3.2m
- Employees
- 3,152
- Location
- Shoreview, MN
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 91-1982139
Organization Overview
Ecumen is located in Shoreview, MN. The organization was established in 1987. 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 12/2021, Ecumen employed 3,152 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ecumen 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 12/2021, Ecumen generated $148.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $158.9m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE CREATE HOMES FOR OLDER ADULTS, WHEREVER THEY CHOOSE TO LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECUMEN IS A MINNESOTA NONPROFIT CORPORATION ORGANIZED PRIMARILY TO OWN, OPERATE, MANAGE AND SUPPORT SENIOR LIVING AND HEALTH CARE COMMUNITIES. HOUSING AND SERVICES FOR SENIORS ARE PROVIDED AT ECUMEN COMMUNITIES THROUGH A CONTINUUM OF CARE, INCLUDING VARIOUS LEVELS OF RESIDENTIAL LIVING AND SKILLED NURSING AS WELL AS OTHER COMMUNITY-BASED PROGRAMS AND SERVICES, INCLUDING HOME HEALTH CARE AND OUTPATIENT THERAPIES. AS OF DECEMBER 31, 2021, ECUMEN AND ITS AFFILIATES OWNED OR LEASED 39 HEALTH CARE AND OTHER FACILITIES, INCLUDING 11 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SUBSIDIZED HOUSING PROJECTS. AN ADDITIONAL 16 HEALTH CARE AND OTHER FACILITIES WERE MANAGED FOR UNRELATED THIRD-PARTY OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Kendrick President/ceo | Officer | 39 | $423,395 |
Morshed Alam Cfo/sr VP Of Finance | Officer | 39 | $310,240 |
Melanie Sullivan Sr VP & Chief People Officer | Officer | 39 | $294,887 |
Bret Anderson Sr VP Chief Ecosystem & Ops Officer | Officer | 39 | $246,119 |
Scott Bjerketvedt Sr Regional Director Of Operations | 39 | $187,187 | |
Jim Mcalpine Sr VP Legal Affairs & Corporate General Counsel | Officer | 40 | $173,808 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lifestyle Communities Llc Development | 12/30/21 | $621,837 |
Colliers Management Services Consulting | 12/30/21 | $274,547 |
Enviral Tech Inc Consulting | 12/30/21 | $228,000 |
Russell Stark Consulting | 12/30/21 | $111,904 |
Pathways Health Services Agency Staffing | 12/30/21 | $174,256 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,376,619 |
| All other contributions, gifts, grants, and similar amounts not included above | $550,240 |
| Noncash contributions included in lines 1a–1f | $108,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,926,859 |
| Total Program Service Revenue | $134,430,919 |
| Investment income | $963,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $188,549 |
| Net Gain/Loss on Asset Sales | $1,587,275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,653 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,755,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $199,394 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,758,247 |
| Compensation of current officers, directors, key employees. | $1,582,422 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,618,774 |
| Pension plan accruals and contributions | $2,481,294 |
| Other employee benefits | $9,802,217 |
| Payroll taxes | $5,015,908 |
| Fees for services: Management | $6,328,177 |
| Fees for services: Legal | $91,401 |
| Fees for services: Accounting | $263,147 |
| Fees for services: Lobbying | $90,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,354,802 |
| Advertising and promotion | $769,363 |
| Office expenses | $1,379,560 |
| Information technology | $2,996,145 |
| Royalties | $0 |
| Occupancy | $9,471,698 |
| Travel | $882,440 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,237 |
| Interest | $9,764,304 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,914,625 |
| Insurance | $1,866,265 |
| All other expenses | $1,796,283 |
| Total functional expenses | $158,887,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,029,925 |
| Savings and temporary cash investments | $13,655,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,104,175 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $130,143 |
| Prepaid expenses and deferred charges | $828,587 |
| Net Land, buildings, and equipment | $196,146,759 |
| Investments—publicly traded securities | $51,232,073 |
| Investments—other securities | $3,221,862 |
| Investments—program-related | $0 |
| Intangible assets | $4,857,093 |
| Other assets | $5,273,863 |
| Total assets | $310,480,268 |
| Accounts payable and accrued expenses | $13,022,692 |
| Grants payable | $0 |
| Deferred revenue | $10,062,509 |
| Tax-exempt bond liabilities | $149,749,299 |
| Escrow or custodial account liability | $2,646,847 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $83,178,887 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,586,054 |
| Total liabilities | $272,246,288 |
| Net assets without donor restrictions | $34,000,784 |
| Net assets with donor restrictions | $4,233,196 |
| 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 | $310,480,268 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ecumen has recieved totaling $62,870.
| Awarding Organization | Amount |
|---|---|
Irene M Carlson Trust B Milwaukee, WI PURPOSE: GENERAL OPERATING | $30,656 |
Arthur H Anderson Charitable Trust Las Vegas, NV PURPOSE: GENERAL OPERATING | $16,500 |
Clarence E And Irene M Carlson Charitable Trust In Memory Of Milwaukee, WI PURPOSE: GENERAL OPERATING | $15,714 |
Endowment Analysis
| Beg. Balance | $5,523,679 |
| Earnings | $250,202 |
| Net Contributions | $113,261 |
| Other Expense | $1,653,945 |
| Ending Balance | $4,233,197 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifespace Communities Inc West Des Moines, IA | $1,235,093,381 | $288,575,366 |
Ecumen Shoreview, MN | $310,480,268 | $148,755,497 |
Ecumen Shoreview, MN | $324,833,912 | $152,660,073 |
Wesley Retirement Services Inc Johnston, IA | $293,962,808 | $95,958,203 |
American Baptist Homes Of The Midwest Eden Prairie, MN | $108,679,922 | $74,595,606 |
Presbyterian Homes Housing And Assisted Living Inc Roseville, MN | $328,963,538 | $77,981,814 |
Northwest Senior Housing Corporation West Des Moines, IA | $270,336,764 | $32,213,860 |
Sanford-Good Samaritan Community Health Services Llc Sioux Falls, SD | $42,246,559 | $49,986,329 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Volunteers Of America Care Facilities Eden Prairie, MN | $34,098,364 | $41,433,516 |
Valley Senior Services Alliance Roseville, MN | $92,212,429 | $35,168,419 |