Civic Intelligence

Ebenezer Society Foundation

990 • Fiscal year 2016 • EIN 41-1356565

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 13, 2017

2722 Park Avenue SouthMinneapolis, MN 55407

(612) 874-3477

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.37x

Higher debt load relative to revenue than 65% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

5th percentile

-70%

Higher net margin than 5% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

95th percentile

$560,420

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 144.6% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

40th percentile

-0.4%

Faster asset growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

11th percentile

-30%

Faster revenue growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$5,906,526

Down $21,875 (-0.4%) from 2015

Net Assets

Down

$5,762,139

Down $11,063 (-0.2%) from 2015

Liabilities

Down

$144,387

Down $10,812 (-7.0%) from 2015

Revenue

Down

$387,577

Down $164,546 (-30%) from 2015

Expenses

Up

$660,191

Up $157,798 (+31%) from 2015

Net Income

Down

-$272,614

Down $322,344 (-648%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $4,920,923Liabilities 2010: $996,277Net Assets 2010: $3,924,6462010Assets 2011: $4,802,062Liabilities 2011: $837,405Net Assets 2011: $3,964,6572011Assets 2012: $5,166,636Liabilities 2012: $912,190Net Assets 2012: $4,254,4462012Assets 2013: $6,115,754Liabilities 2013: $1,031,096Net Assets 2013: $5,084,6582013Assets 2015: $5,928,401Liabilities 2015: $155,199Net Assets 2015: $5,773,2022015Assets 2016: $5,906,526Liabilities 2016: $144,387Net Assets 2016: $5,762,1392016Assets 2017: $6,463,239Liabilities 2017: $376,442Net Assets 2017: $6,086,7972017Assets 2018: $5,612,617Liabilities 2018: $58,427Net Assets 2018: $5,554,1902018Assets 2019: $6,086,225Liabilities 2019: $189,870Net Assets 2019: $5,896,3552019Assets 2020: $6,305,682Liabilities 2020: $6,185Net Assets 2020: $6,299,4972020Assets 2021: $8,085,407Liabilities 2021: $6,714Net Assets 2021: $8,078,6932021Assets 2022: $6,679,063Liabilities 2022: $40,939Net Assets 2022: $6,638,1242022Assets 2023: $7,224,496Liabilities 2023: $58,785Net Assets 2023: $7,165,7112023Assets 2024: $7,458,835Liabilities 2024: $301,003Net Assets 2024: $7,157,8322024

Highlighted filing

2016

Assets$5,906,526
Liabilities$144,387
Net Assets$5,762,139

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $369,5002010Expenses 2011: $360,8412011Expenses 2012: $367,2582012Revenue 2013: $549,640Expenses 2013: $420,346Net Income 2013: $129,2942013Revenue 2015: $552,123Expenses 2015: $502,393Net Income 2015: $49,7302015Revenue 2016: $387,577Expenses 2016: $660,191Net Income 2016: -$272,6142016Revenue 2017: $592,144Expenses 2017: $805,668Net Income 2017: -$213,5242017Revenue 2018: $783,208Expenses 2018: $782,672Net Income 2018: $5362018Revenue 2019: $478,197Expenses 2019: $789,121Net Income 2019: -$310,9242019Revenue 2020: $674,888Expenses 2020: $395,214Net Income 2020: $279,6742020Revenue 2021: $2,710,284Expenses 2021: $802,552Net Income 2021: $1,907,7322021Revenue 2022: $555,179Expenses 2022: $1,047,278Net Income 2022: -$492,0992022Revenue 2023: $1,030,025Expenses 2023: $1,028,891Net Income 2023: $1,1342023Revenue 2024: $1,136,896Expenses 2024: $1,275,204Net Income 2024: -$138,3082024

Highlighted filing

2016

Revenue$387,577
Expenses$660,191
Net Income-$272,614
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 13, 2017
Return Version
2016v3.0
Gross Receipts
$387,577
Mission and Program Overview

Mission

Ebenezer society foundation is part of ebenezer society. Ebenezer society helps older adults and others make their lives more independent, healthful, meaningful and secure. Building on our lutheran heritage, we respond to physical, psychological, social and spiritual dimensions of the whole person. We welcome persons of diverse cultures and faith traditions. We practice responsible stewardship of humans, property, and financial resources and encourage continual learning and innovation to strive for excellence.

Ebenezer helps older adults and others make their lives more independent, healthful, meaningful and secure.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,768,464$5,751,917▼ $16,547
Cash and Non-Interest-Bearing Accounts$59,752$87,855▲ $28,103
Pledges and Grants Receivable$79,428$59,428▼ $20,000
Accounts Receivable$19,863$7,028▼ $12,835
Land, Buildings, and Equipment, Net$894$298▼ $596
Total Assets$5,928,401$5,906,526▼ $21,875
Liabilities
Accounts Payable and Accrued Expenses$147,026$144,387▼ $2,639
Other Liabilities$8,173--
Total Liabilities$155,199$144,387▼ $10,812
Net Assets / Fund Balance
Unrestricted Net Assets$4,392,682$4,385,784▼ $6,898
Temporarily Rstr Net Assets$1,214,591$1,189,264▼ $25,327
Permanently Rstr Net Assets$165,929$187,091▲ $21,162
Total Net Assets Fund Balance$5,773,202$5,762,139▼ $11,063
Total Liabilities and Net Assets / Fund Balance$5,928,401$5,906,526▼ $21,875

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$298$12,808$13,106
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jonathan LundbergChief Operat$297,449$297,449
Terry HakesFormer Treas$211,669$211,669
Todd T WillettTreasurer$36,060$36,060

Board Members and Trustees

NameTitle
Richard HowardChair
Mark F ThomasPresident
Carl RunckDirector
Deborah PaoneDirector
Jeanne RipleyDirector
Thomas HokrDirector
John Selstad1st Vice CHA
Kent Eklund2nd Vice CHA
Jonathan LundbergChief Operating Offi
Linda CollinsFormer Chai
Terry HakesFormer Treasurer
Shary MulhereSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$303,359
Program Service Revenue
$12,505
Investment Income
$71,713
Other Revenue
$0
All Other Contributions
$259,034
Change in Net Assets
$-272,614
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$480,242
Other Expenses$179,949
Total Fundraising Expense$77,117
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$480,242--$480,242
Fees for Services Management-$59,290$77,117$136,407
Interest-$10,733-$10,733
Occupancy-$2,068-$2,068
Depreciation Depletion-$596-$596
Other Expenses-$253-$253
Office Expenses-$195-$195
Travel-$45-$45
Total Functional Expenses$480,242$102,832$77,117$660,191
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ebenezer SocietyMinneapolis, MN-Support Ebenezer$480,242
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Ebenezer society foundation is managed by ebenezer society employees. Fairview foundation manages the solicitation of contributions.

Form 990, Page 6, Part VI, Line 6

Ebenezer society has reserve powers.

Form 990, Page 6, Part VI, Line 7A

The board of directors elects members to director positions and fills vacancies in the elected director positions, except that fairview elects a director.

Form 990, Page 6, Part VI, Line 7B

Ebenezer society foundation is managed by employees of ebenezer society.

Form 990, Page 6, Part VI, Line 11B

The tax department conducts a detailed review of the completed return. The return is also review by the cfo of ebenezer society. The form 990 is presented to ebenezer society foundation for review of content. The form 990 is subsequently presented to the board of directors. Upon approval from the board of directors, the form 990 is filed.

Form 990, Page 6, Part VI, Line 12C

Managers, directors, and senior management of ebenezer society foundation are required to complete the duty of loyalty and conflict of interest statement in compliance with ebenezer's duty of loyalty and conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The determination of executive compensation of the organization is processed by the fairview human resources committee and includes a review of comparability data, review by independent experts and contemporaneous substantiation of the deliberation and decision process

Form 990, Page 6, Part VI, Line 15B

The determination of key employee compensation of the organization is processed by the fairview human resources committee and includes a review of comparability data, review by independent experts and contemporaneous substantiation of the deliberation and decision process.

Form 990, Page 6, Part VI, Line 18

Ebenezer society foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request and inspection of the documents is available at the corporate finance department.

Form 990, Page 6, Part VI, Line 19

Ebenezer society foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request and inspection of the documents is available at the corporate finance department.

Filing and Contact Details

Filer

Filer Name
Ebenezer Society Foundation
EIN
41-1356565
Phone
6128743477
Address
2722 PARK AVENUE SOUTH, MINNEAPOLIS, MN 55407

Signing Officer

Name
Mark F Thomas
Title
President
Phone
6128743477
Signed
2017-09-13

Organization Details

Principal Officer
Mark F Thomas
Formed
1978
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
7
Employees
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Fairview allocation to equity 928 reclass restricted fund 0 reclass allocation of equity 0 rounding -1 total 927

Financial Statement Notes

Schedule D, Page 3, Part X

Most of fairviews controlled affiliates which includes ebenezer society foundation, are tax-exempt organizations as described in section 501(c)(3) of the internal revenue code. These organizations are subject to income tax on any income from unrelated business activities. Fairview also owns or controls certain taxable affiliates. Fairview files income tax returns in the u.s. Federal jurisdiction and in various state and local jurisdictions. With few exceptions, fairview is no longer subject to u.s. Federal, state, and local, or non-u.s. Income tax examinations by tax authorities for years before 2010. Fairview recognizes all tax positions, including those positions in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities, when it is more likely than not (likelihood of greater than 50%) that, based on technical merits, the position will be sustained upon examination. There are no uncertain tax positions recorded in the consolidated balance sheets as of december 31, 2016, 2015, and 2014. Fairview does not expect that there will be a significant change in the total amount of unrecognized tax benefits within the next 12 months. At december 31, 2016, 2015, and 2014, fairview has net operating loss carryforwards for federal income tax purposes. A valuation allowance has been recorded for the full amount of the deferred tax asset related to the net operating loss carryforwards due to the uncertainty regarding their use. "

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MOST OF FAIRVIEWS CONTROLLED AFFILIATES WHICH INCLUDES EBENEZER SOCIETY FOUNDATION, ARE TAX-EXEMPT ORGANIZATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THESE ORGANIZATIONS ARE SUBJECT TO INCOME TAX ON ANY INCOME FROM UNRELATED BUSINESS ACTIVITIES. FAIRVIEW ALSO OWNS OR CONTROLS CERTAIN TAXABLE AFFILIATES. FAIRVIEW FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN VARIOUS STATE AND LOCAL JURISDICTIONS. WITH FEW EXCEPTIONS, FAIRVIEW IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010. FAIRVIEW RECOGNIZES ALL TAX POSITIONS, INCLUDING THOSE POSITIONS IN A PREVIOUSLY FILED TAX RETURN OR A POSITION EXPECTED TO BE TAKEN IN A FUTURE TAX FILING THAT IS REFLECTED IN MEASURING CURRENT OR DEFERRED INCOME TAX ASSETS AND LIABILITIES, WHEN IT IS MORE LIKELY THAN NOT (LIKELIHOOD OF GREATER THAN 50%) THAT, BASED ON TECHNICAL MERITS, THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THERE ARE NO UNCERTAIN TAX POSITIONS RECORDED IN THE CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2016, 2015, AND 2014. FAIRVIEW DOES NOT EXPECT THAT THERE WILL BE A SIGNIFICANT CHANGE IN THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS WITHIN THE NEXT 12 MONTHS. AT DECEMBER 31, 2016, 2015, AND 2014, FAIRVIEW HAS NET OPERATING LOSS CARRYFORWARDS FOR FEDERAL INCOME TAX PURPOSES. A VALUATION ALLOWANCE HAS BEEN RECORDED FOR THE FULL AMOUNT OF THE DEFERRED TAX ASSET RELATED TO THE NET OPERATING LOSS CARRYFORWARDS DUE TO THE UNCERTAINTY REGARDING THEIR USE. "
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK F THOMAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JONATHAN LUNDBERG
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF OPERATING OFFI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2FORMER TREASURER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EBENEZER SOCIETY FOUNDATION IS MANAGED BY EBENEZER SOCIETY EMPLOYEES. FAIRVIEW FOUNDATION MANAGES THE SOLICITATION OF CONTRIBUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EBENEZER SOCIETY HAS RESERVE POWERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ELECTS MEMBERS TO DIRECTOR POSITIONS AND FILLS VACANCIES IN THE ELECTED DIRECTOR POSITIONS, EXCEPT THAT FAIRVIEW ELECTS A DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EBENEZER SOCIETY FOUNDATION IS MANAGED BY EMPLOYEES OF EBENEZER SOCIETY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TAX DEPARTMENT CONDUCTS A DETAILED REVIEW OF THE COMPLETED RETURN. THE RETURN IS ALSO REVIEW BY THE CFO OF EBENEZER SOCIETY. THE FORM 990 IS PRESENTED TO EBENEZER SOCIETY FOUNDATION FOR REVIEW OF CONTENT. THE FORM 990 IS SUBSEQUENTLY PRESENTED TO THE BOARD OF DIRECTORS. UPON APPROVAL FROM THE BOARD OF DIRECTORS, THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MANAGERS, DIRECTORS, AND SENIOR MANAGEMENT OF EBENEZER SOCIETY FOUNDATION ARE REQUIRED TO COMPLETE THE DUTY OF LOYALTY AND CONFLICT OF INTEREST STATEMENT IN COMPLIANCE WITH EBENEZER'S DUTY OF LOYALTY AND CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE DETERMINATION OF EXECUTIVE COMPENSATION OF THE ORGANIZATION IS PROCESSED BY THE FAIRVIEW HUMAN RESOURCES COMMITTEE AND INCLUDES A REVIEW OF COMPARABILITY DATA, REVIEW BY INDEPENDENT EXPERTS AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION PROCESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE DETERMINATION OF KEY EMPLOYEE COMPENSATION OF THE ORGANIZATION IS PROCESSED BY THE FAIRVIEW HUMAN RESOURCES COMMITTEE AND INCLUDES A REVIEW OF COMPARABILITY DATA, REVIEW BY INDEPENDENT EXPERTS AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8EBENEZER SOCIETY FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND INSPECTION OF THE DOCUMENTS IS AVAILABLE AT THE CORPORATE FINANCE DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9EBENEZER SOCIETY FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND INSPECTION OF THE DOCUMENTS IS AVAILABLE AT THE CORPORATE FINANCE DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10FAIRVIEW ALLOCATION TO EQUITY 928 RECLASS RESTRICTED FUND 0 RECLASS ALLOCATION OF EQUITY 0 ROUNDING -1 TOTAL 927
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3EBENEZER LAKES ASSISTED LIVING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4EBENEZER RIDGES ASSISTED LIVING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5EBENEZER TOWERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6EBENEZER PARK APARTMENTS
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.46$0.30$7.16$1.14$1.28$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.22$0.06$7.17$1.03$1.03$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.68$0.04$6.64$0.56$1.05$0.49
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$8.09$0.01$8.08$2.71$0.80$1.91
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.31$0.01$6.30$0.67$0.40$0.28
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.09$0.19$5.90$0.48$0.79$0.31
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.61$0.06$5.55$0.78$0.78$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.46$0.38$6.09$0.59$0.81$0.21
2016Detailed filing. Detailed filing data is available for this year.$5.91$0.14$5.76$0.39$0.66$0.27
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.93$0.16$5.77$0.55$0.50$0.05
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.12$1.03$5.08$0.55$0.42$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.17$0.91$4.25$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.80$0.84$3.96$0.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.92$1.00$3.92$0.37
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $5M-$10M nonprofits