Civic Intelligence

Lhi Foundation Inc

990 • Fiscal year 2014 • EIN 27-2228658

Sep 01, 2013 to Aug 31, 2014 • Filed on Jul 15, 2015

6701 S Anthony BlvdSuite46816

(260) 447-1591

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

86th percentile

33%

Higher net margin than 86% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

45th percentile

$108,081

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

65th percentile

7.2%

Faster asset growth than 65% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$9,786,843

Up $989,254 (+11%) from 2012

Net Assets

Up

$9,784,243

Up $991,054 (+11%) from 2012

Liabilities

Down

$2,600

Down $1,800 (-41%) from 2012

Revenue

$758,463

No earlier filing loaded for comparison.

Expenses

Up

$505,537

Up $75,523 (+18%) from 2012

Net Income

$252,926

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $6,350,594Liabilities 2010: $0Net Assets 2010: $6,350,5942010Assets 2012: $8,797,589Liabilities 2012: $4,400Net Assets 2012: $8,793,1892012Assets 2014: $9,786,843Liabilities 2014: $2,600Net Assets 2014: $9,784,2432014Assets 2015: $9,962,312Liabilities 2015: $1,700Net Assets 2015: $9,960,6122015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2014

Assets$9,786,843
Liabilities$2,600
Net Assets$9,784,243

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10M-$20MExpenses 2010: $517,4622010Expenses 2012: $430,0142012Revenue 2014: $758,463Expenses 2014: $505,537Net Income 2014: $252,9262014Revenue 2015: $957,721Expenses 2015: $390,361Net Income 2015: $567,3602015Revenue 2016: $527,345Expenses 2016: $10,540,075Net Income 2016: -$10,012,7302016

Highlighted filing

2014

Revenue$758,463
Expenses$505,537
Net Income$252,926
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Jul 15, 2015
Return Version
2013v4.0
Gross Receipts
$1,741,422
Mission and Program Overview

Mission

As the fundraising arm of lutheran life villages, the lutheran life villages foundation oversees the charitable activities and development of our campuses in fort wayne and kendallville. The foundation also plays a vital role in our current generation of growth initiative that includes significant upgrades at our existing and new campuses located on fort wayne's far north side.

Together with lutheran life villages, lhi foundation serves foundation serves individuals and their caregivers with compassion and respect for independence, wellness, and spiritual life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,038,911$5,876,286▲ $837,375
Cash and Non-Interest-Bearing Accounts$202,885$401,806▲ $198,921
Pledges and Grants Receivable$108,727$53,431▼ $55,296
Accounts Receivable$0$5,665▲ $5,665
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$9,126,251$9,786,843▲ $660,592
Other Assets Total$3,775,728$3,449,655▼ $326,073
Liabilities
Other Liabilities$4,400$2,600▼ $1,800
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,400$2,600▼ $1,800
Net Assets / Fund Balance
Unrestricted Net Assets$6,102,998$6,416,207▲ $313,209
Permanently Rstr Net Assets$1,822,241$1,864,503▲ $42,262
Temporarily Rstr Net Assets$1,196,612$1,503,533▲ $306,921
Total Net Assets Fund Balance$9,121,851$9,784,243▲ $662,392
Total Liabilities and Net Assets / Fund Balance$9,126,251$9,786,843▲ $660,592

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,449,655--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$2,280,402$42,262▲ $369,157$50,438$2,641,383
2012$2,176,485-▲ $155,871$51,954$2,280,402
2011$2,018,246$893▲ $207,858$50,512$2,176,485
2010$1,743,756$77,592▲ $243,597$46,699$2,018,246
2009$1,769,889$613▲ $73,930$100,676$1,743,756
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Tim ImlerExecutive DirectorFT$108,081$108,081

Board Members and Trustees

NameTitle
Gina RohrbacherChair
Ali FarhoumandVice Chair
John UrbahnsBoard Member
Mark FrankeBoard Member
Randy GroteBoard Member
Robert MeyerBoard Member
Shirley BuuckBoard Member
Troy PanningBoard Member
Vivian PurvisBoard Member
Stan ZiherlBoard Member (left Mid Year)
Ruth SpringerSecretary
Michael HawkTreasurer
Phyllis TittmanVolunteer Rep. (left Mid Year)
Revenue and Support

Revenue Composition

Contributions and Grants
$357,943
Program Service Revenue
$0
Investment Income
$378,354
Other Revenue
$22,166
All Other Contributions
$350,267
Change in Net Assets
$252,926

Audited Revenue Reconciliation

Revenue per Audited Statements
$758,463
Revenue Not Reported on Form 990
$409,466
Total Revenue per Audited Statements
$1,167,929
Total Revenue per Form 990
$758,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$350,638
Other Expenses$154,899
Total Fundraising Expense$62,770
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$350,638--$350,638
Fees for Service Investment Mgmnt Fees-$13,855-$13,855
Information Technology-$5,962-$5,962
Advertising--$2,933$2,933
Occupancy-$2,035-$2,035
Travel-$1,852-$1,852
Other Expenses-$884$884$1,768
Office Expenses--$1,722$1,722
Conferences and Meetings-$79-$79
Total Functional Expenses$350,638$92,129$62,770$505,537

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$505,537
Total Expenses per Audited Statements$505,537
Total Expenses per Form 990$505,537
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
35-0885590-501(c)(3)Support$349,646
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,576
Fundraising Direct Expenses$5,410
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$35,252$27,576$5,409$22,167
Total Events$35,252$27,576$5,409$22,167
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity Liability$2,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI

Section a line 6: lutheran homes inc. Is the sole member of lhi foundation inc. Line 7a: the sole member of lhi foundation inc. Has the ability to select, elect, and remove persons serving on the board of directors. Line 7b: the sole member of lhi foundation inc. Must approve any changes to the bylaws of the foundation and must approve select other decisions that are outlined in the bylaws. Part vi section b line 11a: the form 990 and related schedules are reviewed in detail by the cfo and ceo of lutheran homes inc., a related organization, and by an independent cpa firm. The form 990 is also provided to the board of directors before submission to the irs. Line 12c: an annual conflict of interest questionnaire is provided to officers, directors, key employees and other interested persons. The responses to the questionnaires are reviewed by management and the board of directors is advised of any concerns. Any conflicts disclosed are dealt with at the board's discretion which includes recusal from voting on matters related to the conflict. Line 15a: executive compensation is reviewed annually by the compensation committee of the board of directors. An independent consultant used a compensation survey/study to determine compensation. The board does the final review. Part vi section c line 19: governing documents, conflict of interest policy and the consolidated financial statements are available upon request.

Filing and Contact Details

Filer

EIN
27-2228658
In Care Of
% DONNA SCANLON
Phone
2604471591

Signing Officer

Name
Donna Scanlon
Title
CFO
Phone
2604471591
Signed
2015-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alex Kiefer
Formed
2008
Legal Domicile
In
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
205

Preparer

Preparer
Joyce A Dulworth
Phone
2604471591
Supplemental Narrative

Financial Statement Notes

Part V Line 4

Endowment funds the organization has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs and other items supported by its endowment while seeking to maintain the purchasing power of the endowment. Endowment assets include those assets of donor-restricted endowment funds the organization must hold in perpetuity or for donor-specified periods. Assets are available for health care services.

Part X, Line 2

Asc 740 management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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