Civic Intelligence

Living Services Foundation

990 • Fiscal year 2015 • EIN 41-1936717

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

Organization ProfileWWW.LSFDN.ORG

View Organization Page

4000 Lexington Avenue No 201Shoreview, MN 55126

(763) 231-0410

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Balance Sheet

Assets

Up

$39,235,798

Up $1,311,209 (+3.5%) from 2014

Net Assets

Down

-$5,950,880

Down $1,305,184 (-28%) from 2014

Liabilities

Up

$45,186,678

Up $2,616,393 (+6.1%) from 2014

Revenue And Expenses

Revenue

Up

$7,412,602

Up $1,778,738 (+32%) from 2014

Expenses

Up

$9,016,864

Up $1,967,678 (+28%) from 2014

Net Income

Down

-$1,604,262

Down $188,940 (-13%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2010: $28,324,855Liabilities 2010: $27,918,241Net Assets 2010: $406,6142010Assets 2011: $34,180,217Liabilities 2011: $34,723,033Net Assets 2011: -$542,8162011Assets 2012: $33,567,590Liabilities 2012: $35,253,322Net Assets 2012: -$1,685,7322012Assets 2013: $34,790,428Liabilities 2013: $38,087,772Net Assets 2013: -$3,297,3442013Assets 2014: $37,924,589Liabilities 2014: $42,570,285Net Assets 2014: -$4,645,6962014Assets 2015: $39,235,798Liabilities 2015: $45,186,678Net Assets 2015: -$5,950,8802015Assets 2015: $39,744,215Liabilities 2015: $45,934,786Net Assets 2015: -$6,190,5712015Assets 2016: $30,939,425Liabilities 2016: $37,924,240Net Assets 2016: -$6,984,8152016Assets 2017: $10,480,390Liabilities 2017: $12,844,879Net Assets 2017: -$2,364,4892017Assets 2018: $9,477,165Liabilities 2018: $12,143,129Net Assets 2018: -$2,665,9642018Assets 2019: $9,192,649Liabilities 2019: $11,548,921Net Assets 2019: -$2,356,2722019Assets 2020: $9,982,737Liabilities 2020: $11,988,789Net Assets 2020: -$2,006,0522020Assets 2021: $11,713,734Liabilities 2021: $15,388,452Net Assets 2021: -$3,674,7182021Assets 2022: $9,713,975Liabilities 2022: $11,973,387Net Assets 2022: -$2,259,4122022Assets 2023: $8,510,167Liabilities 2023: $13,850,503Net Assets 2023: -$5,340,3362023

Highlighted filing

2015

Assets$39,235,798
Liabilities$45,186,678
Net Assets-$5,950,880
Open 2015 Filing

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $20,346,2362010Expenses 2011: $13,027,1472011Expenses 2012: $3,810,6582012Expenses 2013: $4,346,0042013Revenue 2014: $5,633,864Expenses 2014: $7,049,186Net Income 2014: -$1,415,3222014Revenue 2015: $7,412,602Expenses 2015: $9,016,864Net Income 2015: -$1,604,2622015Revenue 2015: $7,416,486Expenses 2015: $8,976,596Net Income 2015: -$1,560,1102015Revenue 2016: $7,925,186Expenses 2016: $10,074,008Net Income 2016: -$2,148,8222016Revenue 2017: $5,585,331Expenses 2017: $6,121,148Net Income 2017: -$535,8172017Revenue 2018: $4,775,899Expenses 2018: $5,084,959Net Income 2018: -$309,0602018Revenue 2019: $6,067,446Expenses 2019: $5,727,726Net Income 2019: $339,7202019Revenue 2020: $6,993,759Expenses 2020: $6,651,219Net Income 2020: $342,5402020Revenue 2021: $6,646,276Expenses 2021: $6,563,182Net Income 2021: $83,0942021Revenue 2022: $5,482,611Expenses 2022: $4,786,226Net Income 2022: $696,3852022Revenue 2023: $2,152,324Expenses 2023: $3,295,500Net Income 2023: -$1,143,1762023

Highlighted filing

2015

Revenue$7,412,602
Expenses$9,016,864
Net Income-$1,604,262
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$7,412,602
Mission and Program Overview

Mission

The Foundation is organized and shall be operated primarily to own, maintain, operate and conduct, directly or indirectly, housing and long-term care facilities for the elderly and to assist and coordinate activities of facilities for health care, social services, education and research, and do any and all other acts and things and exercise any and all other rights and powers which may be reasonably necessary, incidental, desirable or expedient in the accomplishment of such purposes.

To support subsidiaries of benedictine health system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,438,131$32,377,762▲ $939,631
Investments in Publicly Traded Securities$3,302,206$3,593,301▲ $291,095
Accounts Receivable$430,486$447,906▲ $17,420
Loans From Officers Directors$245,000$245,000→ $0
Prepaid Expenses and Deferred Charges$51,398$86,306▲ $34,908
Savings and Temporary Cash Investments$578,849$55,928▼ $522,921
Total Assets$37,924,589$39,235,798▲ $1,311,209
Other Assets Total$2,123,519$2,674,595▲ $551,076
Liabilities
Tax Exempt Bond Liabilities$40,843,775$42,964,479▲ $2,120,704
Accounts Payable and Accrued Expenses$1,083,622$1,570,568▲ $486,946
Unsecured Notes Loans Payable$325,000$325,000→ $0
Other Liabilities$61,457$64,530▲ $3,073
Escrow Account Liability$11,431$17,101▲ $5,670
Total Liabilities$42,570,285$45,186,678▲ $2,616,393
Net Assets / Fund Balance
Unrestricted Net Assets$-4,645,696$-5,950,880▼ $1,305,184
Total Net Assets Fund Balance$-4,645,696$-5,950,880▼ $1,305,184
Total Liabilities and Net Assets / Fund Balance$37,924,589$39,235,798▲ $1,311,209

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,084,198$7,528,185$35,612,383
Other Land Buildings$2,874,434$356,772$3,231,206
Equipment$211,808$1,889,104$2,100,912
Land$1,209,322-$1,209,322
Leasehold Improvements$-2,000$2,000-
Other Assets Org$670,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis KamstraCEOFT$239,125$20,965$260,090
Jennifer GleasonCOO/secretary/treasurerFT$128,333$6,016$134,349
Paul SandersBoard MemberPT$7,000-$7,000
Robert SundbergChairPT$7,000-$7,000
Rod PakonenBoard MemberPT$7,000-$7,000

Board Members and Trustees

NameTitle
Kevin RymanowskiBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Nor-son INCDesign And Construction Services7900 HASTINGS ROAD, Baxter, MN 56425$1,273,392
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,390,511
Investment Income
$22,091
Other Revenue
$0
Change in Net Assets
$-1,604,262

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,412,602
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$15,235
Total Revenue per Audited Statements
$7,427,837
Total Revenue per Form 990
$7,412,602
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,926,629
Salaries, Compensation, and Employee Benefits$3,089,168
Grants and Similar Amounts Paid$1,067
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,521,980--$2,521,980
Other Salaries and Wages$2,251,493$33,586-$2,285,079
Depreciation Depletion$1,729,685--$1,729,685
Fees for Services Other$466,706$2,031-$468,737
Current Officers, Directors, Trustees, and Key Employees$34,482$385,377-$419,859
Payroll Taxes$267,730$18,880-$286,610
Occupancy$247,407$5,918-$253,325
Office Expenses$97,583$10,421-$108,004
Other Employee Benefits$78,804$1,981-$80,785
Insurance$43,078$20,714-$63,792
All Other Expenses$40,359$625-$40,984
Information Technology$31,977--$31,977
Advertising$26,912--$26,912
Other Expenses$26,446--$26,446
Fees for Services Legal$13,232$8,610-$21,842
Fees for Services Accounting$9,700$8,795-$18,495
Pension Plan Contributions$16,835--$16,835
Travel$11,449--$11,449
Grants to Domestic Orgs$1,067--$1,067
Total Functional Expenses$8,519,926$496,938$0$9,016,864

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,016,864
Total Expenses per Audited Statements$9,016,864
Total Expenses per Form 990$9,016,864
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$245,000$245,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Asset Retirement Obligation$64,530

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCity of Winsted2010-09-16$16,112,135Refinance series 2008 notes issued in 8/29/2008 & fund new construction.
CCity of Byron2014-12-30$10,000,000To construct a new 50 unit senior housing complex in byron, mn
ACity of Spicer2006-12-28$9,460,519To purchase a nursing & assisted living facility & clinic in spicer, mn.
CCity of Mora2009-04-30$6,258,382To purchase a nursing & assisted living facility in mora, mn.
DCity of Wahpeton2011-12-28$5,605,000To construct a 32 unit senior housing facility in wahpeton, nd
ACity of Mora2013-09-06$4,851,795Refinance a portion of series 2009 notes issues in 4/30/2009.
BCity of Minneota2013-12-31$4,397,409To purchase a nursing & assisted living facility in minneota, mn.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$16,112,135$4,749,701$100,000$322,243
C$10,000,000---
A$9,460,519$8,308,071$870,000$189,210
C$6,258,382-$83,825$112,100
D$5,605,000-$127,196$97,035
A$4,851,795-$47,791$34,437
B$4,397,409--$200,000

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Dennis kamstra and jennifer gleason have a family relationship.”

Form 990, Part VI, Section A, Line 4

“The organization's documents were amended for the addition of blc byron as a supporting organization.”

Form 990, Part VI, Section A, Line 7A

“Benedictine health systems may appoint one board member with voting rights.”

Form 990, Part VI, Section A, Line 8B

“No committees are able to act on behalf of the board.”

Form 990, Part VI, Section B, Line 11

“An electronic draft of the form 990 is distributed to the full board of directors for review and approval prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is enforced and consistently monitored. An interested person must disclose the existence of their financial interest to the board considering the proposed transaction or arrangement. The remaining board members then determine if a conflict of interest exists. Corrective action is taken by the board of directors as deemed necessary when a conflict of interest is determined to have occurred. Disclosure of a conflict of interest would prevent that person from taking part in discussions or voting on related issues.”

Form 990, Part VI, Section B, Line 15

“The process for determining compensation for the ceo and coo is determined by a compensation survey and study. The compensation is then approved by the independent members of the board of directors. The last review took place during the summer of 2014.”

Form 990, Part VI, Section C, Line 19

“The organization makes the governing documents and conflict of interest policy available upon request.”

Filing and Contact Details

Filer

Filer Name
Living Services Foundation
EIN
41-1936717
Phone
7632310410
Address
4000 LEXINGTON AVENUE NO 201, SHOREVIEW, MN 55126

Signing Officer

Name
Jennifer Gleason
Title
Chief Operating Officer
Phone
7632310410
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Kamstra
Formed
1999
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
141
Volunteers
1

Preparer

Firm
Eide Bailly Llp
Address
800 NICOLLET MALL STE 1300, MINNEAPOLIS, MN 55402-7033
Preparer
Deb Nelson CPA
Phone
6122536500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Living services foundation/byron, llc and benedictine living community of byron began construction of a 50 unit senior housing campus. The services are not yet available.”

FORM 990, PART XI, LINE 9:

“Other adjustment 283,843.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization acts as custodian for the funds of the residents and holds tenant security deposits. These funds are included in cash and cash equivalents and current liabilities in these financial statements.”

PART X, LINE 2:

“The organization is organized as a minnesota nonprofit corporation and has been recognized by the internal revenue service (irs) as exempt from federal income taxes under internal revenue code section 501(c)(3). The subsidiaries maintain exempt status under the organization's exemption since the organization is the sole member of each subsidiary. The organization is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the organization is subject to income tax on any net income that is derived from business activities that are unrelated to its exempt purpose. The organization believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and, as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

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IRS990/Desc0THE ORGANIZATION OWNS AND PROVIDES MANAGEMENT OVERSIGHT TO THE FOLLOWING WHOLLY OWNED SUBSIDIARIES:LIVING SERVICES FOUNDATION/MINNEOTA, LLC CONSISTS OF A 67-BED SKILLED NURSING FACILITY AND 33-UNIT ASSISTED LIVING FACILITY LOCATED IN MINNEOTA, MINNESOTA. LIVING SERVICES FOUNDATION/NEW LONDON, LLC CONSISTS OF A 62-BED LICENSED NURSING FACILITY, 36-UNIT ATTACHED APARTMENT CENTER AND A 12-UNIT ATTACHED ASSISTED LIVING BUILDING LOCATED IN NEW LONDON, MINNESOTA. LIVING SERVICES FOUNDATION/WINSTED, LLC CONSISTS OF A 70-BED LICENSED NURSING FACILITY AND A 16-UNIT ATTACHED MEMORY CARE ASSISTED LIVING BUILDING LOCATED IN WINSTED, MINNESOTA. LIVING SERVICES FOUNDATION/MORA, LLC CONSISTS OF A 80-BED SKILLED NURSING FACILITY, A 35-UNIT ASSISTED LIVING FACILITY AND CLINIC SPACE LOCATED IN MORA, MINNESOTA. LIVING SERVICES FOUNDATION/WAHPETON, LLC CONSISTS OF A 32-UNIT ASSISTED LIVING FACILITY LOCATED IN WAHPETON, NORTH DAKOTA.LIVING SERVICES FOUNDATION/BYRON, LLC WILL CONSIST OF 20 UNITS OF INDEPENDENT LIVING, 16 UNITS OF ASSISTED LIVING, AND 14 UNITS OF MEMORY CARE ASSISTED LIVING WHEN CONSTRUCTION IS COMPLETE IN THE SPRING OF 2016. THE PROJECT IS LOCATED IN BYRON, MINNESOTA. THE ORGANIZATION OPERATES LIVING SERVICES FOUNDATION - MINNEOTA, BUT LEASES THE OTHER FACILITIES THROUGH THE WHOLLY OWNED SUBSIDIARIES TO BENEDICTINE LIVING COMMUNITY OF NEW LONDON, BENEDICTINE LIVING COMMUNITY OF WINSTED, BENEDICTINE LIVING COMMUNITY OF MORA, AND BENEDICTINE LIVING COMMUNITY OF WAHPETON AND BENEDICTINE LIVING COMMUNITY OF BYRON, WHICH ARE SUBSIDIARIES OF BENEDICTINE HEALTH SYSTEM (BHS), WHO OPERATES THOSE FACILITIES.
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IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt01067
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01067
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01067
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07412602
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt031977
IRS990/InformationTechnologyGrp/TotalAmt031977
IRS990/InsuranceGrp/ManagementAndGeneralAmt020714
IRS990/InsuranceGrp/ProgramServicesAmt043078
IRS990/InsuranceGrp/TotalAmt063792
IRS990/InterestGrp/ProgramServicesAmt02521980
IRS990/InterestGrp/TotalAmt02521980
IRS990/InvestmentIncomeGrp/ExclusionAmt022091
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt022091
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03302206
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03593301
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09776061
IRS990/LandBldgEquipBasisNetGrp/BOYAmt031438131
IRS990/LandBldgEquipBasisNetGrp/EOYAmt032377762
IRS990/LandBldgEquipCostOrOtherBssAmt042153823
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0245000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0245000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE SUBSIDIARIES OF BENEDICTINE LIVING COMMUNITY OF WINSTED, BENEDICTINE LIVING COMMUNITY OF NEW LONDON, BENEDICTINE LIVING COMMUNITY OF MORA, BENEDICTINE LIVING COMMUNITY OF WAHPETON, AND BENEDICTINE LIVING COMMUNITY OF BYRON.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-4645696
IRS990/NetAssetsOrFundBalancesEOYAmt0-5950880
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt015235
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt05918
IRS990/OccupancyGrp/ProgramServicesAmt0247407
IRS990/OccupancyGrp/TotalAmt0253325
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010421
IRS990/OfficeExpensesGrp/ProgramServicesAmt097583
IRS990/OfficeExpensesGrp/TotalAmt0108004
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02123519
IRS990/OtherAssetsTotalGrp/EOYAmt02674595
IRS990/OtherChangesInNetAssetsAmt0283843
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01981
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt078804
IRS990/OtherEmployeeBenefitsGrp/TotalAmt080785
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1DHS SURCHARGE
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt0278622
IRS990/OtherExpensesGrp/ProgramServicesAmt1188605
IRS990/OtherExpensesGrp/ProgramServicesAmt2135774
IRS990/OtherExpensesGrp/ProgramServicesAmt326446
IRS990/OtherExpensesGrp/TotalAmt0278622
IRS990/OtherExpensesGrp/TotalAmt1188605
IRS990/OtherExpensesGrp/TotalAmt2135774
IRS990/OtherExpensesGrp/TotalAmt326446
IRS990/OtherLiabilitiesGrp/BOYAmt061457
IRS990/OtherLiabilitiesGrp/EOYAmt064530
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt033586
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02251493
IRS990/OtherSalariesAndWagesGrp/TotalAmt02285079
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018880
IRS990/PayrollTaxesGrp/ProgramServicesAmt0267730
IRS990/PayrollTaxesGrp/TotalAmt0286610
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016835
IRS990/PensionPlanContributionsGrp/TotalAmt016835
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt051398
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt086306
IRS990/PrincipalOfficerNm0DENNIS KAMSTRA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2532000
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENT SERVICE REVEN
IRS990/ProgramServiceRevenueGrp/Desc1LEASE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2LEASE SURCHARGE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04403990
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12933521
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt253000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04403990
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12933521
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt253000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03950
IRS990/PYInvestmentIncomeAmt0-10861
IRS990/PYOtherExpensesAmt05194788
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05644725
IRS990/PYRevenuesLessExpensesAmt0-1415322
IRS990/PYSalariesCompEmpBnftPaidAmt01850448
IRS990/PYTotalExpensesAmt07049186
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05633864
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1604262
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07390511
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0578849
IRS990/SavingsAndTempCashInvstGrp/EOYAmt055928
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0BENEDICTINE HEALTH SYSTEM'S CEO APPOINTED ONE OF THE FOUNDATION'S FIVE DIRECTORS, KEVIN RYMANOWSKI. IN ADDITION TO HIS SERVICE ON THE FOUNDATION'S BOARD, MR. RYMANOWSKI SERVES AS THE CHIEF FINANCIAL OFFICER OF BHS AND EACH OF THE SUPPORTED ORGANIZATIONS. HE IS ACTIVELY ENGAGED AS A BOARD MEMBER IN THE FOUNDATION'S GOVERNANCE AND PARTICIPATES IN DECISIONS AND DISCUSSIONS AT THE BOARD LEVEL AND WITH THE FOUNDATION'S LEADERSHIP IN ALL ASPECTS OF THE FOUNDATION'S MANAGEMENT AND USE OF ITS INCOME AND ASSETS FOR THE BENEFIT OF BHS AND THE SUPPORTED ORGANIZATIONS. IN THIS MANNER, THE SUPPORTED ORGANIZATIONS HAVE A SIGNIFICANT VOICE IN THE FOUNDATION'S MANAGEMENT AND USE OF ITS INCOME AND ASSETS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION HOLDS TITLE TO AND MANAGES PROPERTIES USED BY THE SUPPORTED ORGANIZATIONS IN FURTHERANCE OF THEIR EXEMPT PURPOSES OF PROVIDING SENIOR HOUSING AND LONG-TERM CARE SERVICES WITH SPECIAL CONCERN FOR THE UNDERSERVED AND THOSE IN NEED OF SUCH SERVICES. THE SUPPORTED ORGANIZATIONS EACH USE THE RESPECTIVE PROPERTIES TO PROVIDE HOUSING TO SENIORS AND OFFER SUPPORTIVE LONG-TERM CARE SERVICES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2IF THESE FACILITIES WERE NOT OWNED AND MANAGED BY THE FOUNDATION, THE SUPPORTED ORGANIZATIONS WOULD OWN AND MANAGE SUCH FACILITIES ITSELF BECAUSE THESE ACTIVITIES ARE CRITICAL TO THE SUPPORTED ORGANIZATIONS' ABILITY TO CARRY OUT THEIR OWN ACTIVITIES IN FURTHERANCE OF THEIR MISSION AND PURPOSES. BECAUSE THE SUPPORTED ORGANIZATIONS WOULD OTHERWISE CONDUCT THESE SAME ACTIVITIES IF THEY WERE NOT PERFORMED BY THE FOUNDATION, THE FOUNDATION'S ACTIVITIES REPRESENT AN INTEGRAL PART OF THE ACTIVITIES OF THE SUPPORTED ORGANIZATIONS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3BENEDICTINE HEALTH SYSTEM IS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION AND IS ALSO RECOGNIZED WITHIN THE IRS GROUP RULING FOR CATHOLIC ORGANIZATIONS UNDER IRC SECTION 170(B)(1)(A)(I).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 2B:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3PART IV, SECTION A, LINE 11:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt06
IRS990ScheduleA/SupportedOrganizationsTotalCnt06
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0274219293
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1274218436
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2274219119
IRS990ScheduleA/SupportedOrgInformationGrp/EIN3454274091
IRS990ScheduleA/SupportedOrgInformationGrp/EIN4471538777
IRS990ScheduleA/SupportedOrgInformationGrp/EIN5411531892
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd21
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd31
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd41
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd51
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd19
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd29
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd39
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd49
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd51
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt50
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01754616
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt1904770
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt2596711
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt3529651
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt50
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BENDICTINE LIVING COMMUNITY OF WINSTED
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1BENDICTINE LIVING COMMUNITY OF NEW LONDON
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2BENDICTINE LIVING COMMUNITY OF MORA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3BENDICTINE LIVING COMMUNITY OF WAHPETON
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4BENEDICTINE LIVING COMMUNITY OF BYRON
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5BENEDICTINE HEALTH SYSTEM
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt03785748
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt028084198
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07528185
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035612383
IRS990ScheduleD/EquipmentGrp/BookValueAmt0211808
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01889104
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02100912
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09016864
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt01209322
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01209322
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0-2000
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt015235
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02004595
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1670000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UNAMORTIZED FINANCING COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NURSING HOME BED LICENSE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02874434
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0356772
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03231206
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt064530
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ASSET RETIREMENT OBLIGATION
IRS990ScheduleD/RevenueNotReportedAmt015235
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07412602
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACTS AS CUSTODIAN FOR THE FUNDS OF THE RESIDENTS AND HOLDS TENANT SECURITY DEPOSITS. THESE FUNDS ARE INCLUDED IN CASH AND CASH EQUIVALENTS AND CURRENT LIABILITIES IN THESE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS ORGANIZED AS A MINNESOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE SUBSIDIARIES MAINTAIN EXEMPT STATUS UNDER THE ORGANIZATION'S EXEMPTION SINCE THE ORGANIZATION IS THE SOLE MEMBER OF EACH SUBSIDIARY. THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON ANY NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032377762
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02674595
IRS990ScheduleD/TotalExpensesPerForm990Amt09016864
IRS990ScheduleD/TotalLiabilityAmt064530

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,235,798
Liabilities
$45,186,678
Net assets
-$5,950,880
Revenue
$7,412,602
Expenses
$9,016,864
Net income
-$1,604,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.51$13.9$5.34$2.15$3.30$1.14
2022Summary only. Only limited summary data is available for this year.$9.71$12.0$2.26$5.48$4.79$0.70
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$15.4$3.67$6.65$6.56$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.98$12.0$2.01$6.99$6.65$0.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.19$11.5$2.36$6.07$5.73$0.34
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.48$12.1$2.67$4.78$5.08$0.31
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$12.8$2.36$5.59$6.12$0.54
2016Detailed filing. Detailed filing data is available for this year.$30.9$37.9$6.98$7.93$10.1$2.15
2015Detailed filing. Detailed filing data is available for this year.$39.7$45.9$6.19$7.42$8.98$1.56
2015Detailed filing. Detailed filing data is available for this year.$39.2$45.2$5.95$7.41$9.02$1.60
2014Detailed filing. Detailed filing data is available for this year.$37.9$42.6$4.65$5.63$7.05$1.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.8$38.1$3.30$4.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$35.3$1.69$3.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.2$34.7$0.54$13.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.3$27.9$0.41$20.3