Civic Intelligence

Salem Lutheran Homes Charitable Foundation

990 • Fiscal year 2019 • EIN 42-1306694

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

2027 College StreetElk Horn, IA 51531

(712) 764-4201

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

83rd percentile

29%

Higher net margin than 83% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

74th percentile

17%

Faster asset growth than 74% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

348%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$774,058

Up $113,878 (+17%) from 2018

Net Assets

Up

$774,058

Up $113,878 (+17%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$121,641

Up $94,504 (+348%) from 2018

Expenses

Down

$86,000

Down $117,917 (-58%) from 2018

Net Income

Up

$35,641

Up $212,421 (+120%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $542,700Liabilities 2010: $0Net Assets 2010: $542,7002010Assets 2011: $619,869Liabilities 2011: $0Net Assets 2011: $619,8692011Assets 2012: $781,030Liabilities 2012: $0Net Assets 2012: $781,0302012Assets 2013: $927,671Liabilities 2013: $0Net Assets 2013: $927,6712013Assets 2014: $893,606Liabilities 2014: $0Net Assets 2014: $893,6062014Assets 2015: $874,482Liabilities 2015: $0Net Assets 2015: $874,4822015Assets 2016: $910,262Liabilities 2016: $0Net Assets 2016: $910,2622016Assets 2017: $960,833Liabilities 2017: $61,800Net Assets 2017: $899,0332017Assets 2018: $660,180Liabilities 2018: $0Net Assets 2018: $660,1802018Assets 2019: $774,058Liabilities 2019: $0Net Assets 2019: $774,0582019Assets 2020: $840,602Liabilities 2020: $0Net Assets 2020: $840,6022020Assets 2021: $919,797Liabilities 2021: $0Net Assets 2021: $919,7972021Assets 2022: $775,850Liabilities 2022: $0Net Assets 2022: $775,8502022Assets 2023: $861,245Liabilities 2023: $0Net Assets 2023: $861,2452023Assets 2024: $943,636Liabilities 2024: $0Net Assets 2024: $943,6362024

Highlighted filing

2019

Assets$774,058
Liabilities$0
Net Assets$774,058

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $11,5702010Expenses 2011: $1,7062011Expenses 2012: $02012Revenue 2013: $224,438Expenses 2013: $117,030Net Income 2013: $107,4082013Revenue 2014: $79,886Expenses 2014: $95,295Net Income 2014: -$15,4092014Revenue 2015: $343,231Expenses 2015: $331,206Net Income 2015: $12,0252015Revenue 2016: $22,348Expenses 2016: $0Net Income 2016: $22,3482016Revenue 2017: $20,278Expenses 2017: $61,800Net Income 2017: -$41,5222017Revenue 2018: $27,137Expenses 2018: $203,917Net Income 2018: -$176,7802018Revenue 2019: $121,641Expenses 2019: $86,000Net Income 2019: $35,6412019Revenue 2020: $83,377Expenses 2020: $68,818Net Income 2020: $14,5592020Revenue 2021: $82,636Expenses 2021: $22,672Net Income 2021: $59,9642021Revenue 2022: $19,560Expenses 2022: $73,654Net Income 2022: -$54,0942022Revenue 2023: $18,563Expenses 2023: $22,650Net Income 2023: -$4,0872023Revenue 2024: $36,374Expenses 2024: $12,261Net Income 2024: $24,1132024

Highlighted filing

2019

Revenue$121,641
Expenses$86,000
Net Income$35,641
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.1
Gross Receipts
$121,641
Mission and Program Overview

Mission

The purpose of the foundation is to solicit and manage gifts of money and/or property for the purpose of granting gifts to salem lutheran homes

Support the activities of salem lutheran nursing home.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$591,636$695,421▲ $103,785
Savings and Temporary Cash Investments$41,489$27,682▼ $13,807
Land, Buildings, and Equipment, Net$27,055$27,055→ $0
Other Notes and Loans Receivable, Net-$23,900-
Total Assets$660,180$774,058▲ $113,878
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$660,180$774,058▲ $113,878
Total Net Assets Fund Balance$660,180$774,058▲ $113,878
Total Liabilities and Net Assets / Fund Balance$660,180$774,058▲ $113,878

Asset Categories

AssetBook ValueDepreciationBasis
Land$27,055-$27,055
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barbara PetersenPresident
Ron RasmussenVice President
Deb BiekerDirector
Justin LarsenDirector
Kay JohannsenDirector
Keith MenterDirector
Keli HansenDirector
Leroy LarsenDirector
Nikki MyersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$95,199
Program Service Revenue
$0
Investment Income
$26,442
Other Revenue
$0
All Other Contributions
$95,199
Change in Net Assets
$35,641

Audited Revenue Reconciliation

Revenue per Audited Statements
$121,641
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$78,237
Total Revenue per Audited Statements
$199,878
Total Revenue per Form 990
$121,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$86,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$86,000--$86,000
Total Functional Expenses$86,000$0$0$86,000

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$86,000
Total Expenses per Audited Statements$86,000
Total Expenses per Form 990$86,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the 990 return was provided to the board for their review. The board voted to approve the 990 return.

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

Conflicts of interest are discussed at board meetings through out the year and documented in the board minutes when necessary.

Form 990, Part VI, Section B, Line 15

The foundation has no paid employees.

Form 990, Part VI, Section C, Line 19

The salem lutheran home charitable foundation will make available copies of the 990 return and other governing documents upon request. The 990 return is also available for review on the guide star website.

Filing and Contact Details

Filer

Filer Name
Salem Lutheran Home Charitable
EIN
42-1306694
Phone
7127644201
Address
2027 COLLEGE STREET, ELK HORN, IA 51531

Signing Officer

Name
Nikki Myers
Title
Treasurer
Phone
7127644201
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nikki Myers
Formed
1987
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Bergankdv Ltd
Address
12100 MEREDITH DR SUITE 200, URBANDALE, IA 50323
Preparer
Telford a Lodden CPA
Phone
5157275700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change has occurred in the organization's selection or oversight process of the audit process of the organization's financial statements.

Financial Statement Notes

PART V, LINE 4:

Support nursing home operations and renovations

Raw XML Appendix397 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SUPPORT NURSING HOME OPERATIONS AND RENOVATIONS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 RETURN WAS PROVIDED TO THE BOARD FOR THEIR REVIEW. THE BOARD VOTED TO APPROVE THE 990 RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICTS OF INTEREST ARE DISCUSSED AT BOARD MEETINGS THROUGH OUT THE YEAR AND DOCUMENTED IN THE BOARD MINUTES WHEN NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION HAS NO PAID EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SALEM LUTHERAN HOME CHARITABLE FOUNDATION WILL MAKE AVAILABLE COPIES OF THE 990 RETURN AND OTHER GOVERNING DOCUMENTS UPON REQUEST. THE 990 RETURN IS ALSO AVAILABLE FOR REVIEW ON THE GUIDE STAR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE HAS OCCURRED IN THE ORGANIZATION'S SELECTION OR OVERSIGHT PROCESS OF THE AUDIT PROCESS OF THE ORGANIZATION'S FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SALEM LUTHERAN HOMES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0420680368
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE LONG TERM CARE & HOUSING FOR ELDERLY & INCAPACITATED PATIENTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02027 COLLEGE AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ELK HORN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd051531
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt095199
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt123900
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SALEM LUTHERAN HOMES
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1SALEM LUTHERAN HOMES
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1D
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0660180
IRS990/TotalAssetsEOYAmt0774058
IRS990/TotalAssetsGrp/BOYAmt0660180
IRS990/TotalAssetsGrp/EOYAmt0774058
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt095199
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt086000
IRS990/TotalFunctionalExpensesGrp/TotalAmt086000
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0660180
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0774058
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt086000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt026442
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0121641
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0660180
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0774058
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02027 COLLEGE STREET
IRS990/USAddress/CityNm0ELK HORN
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051531
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NIKKI MYERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07127644201
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SALEM LUTHERAN HOME CHARITABLE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SALE
ReturnHeader/Filer/EIN0421306694
ReturnHeader/Filer/PhoneNum07127644201
ReturnHeader/Filer/USAddress/AddressLine1Txt02027 COLLEGE STREET
ReturnHeader/Filer/USAddress/CityNm0ELK HORN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051531
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CDFD89537062C9FD51F2ED42A4CE466604F499FA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.215.26.7
ReturnHeader/FilingSecurityInformation/IPDt02020-11-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm012:29:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411431613
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERGANKDV LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012100 MEREDITH DR SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0URBANDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050323
ReturnHeader/PreparerPersonGrp/PhoneNum05157275700
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TELFORD A LODDEN CPA
ReturnHeader/ReturnTs02020-11-16T14:18:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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.$9.44$0.00$9.44$0.36$0.12$0.24
2023Summary only. Only limited summary data is available for this year.$8.61$0.00$8.61$0.19$0.23$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.76$0.00$7.76$0.20$0.74$0.54
2021Summary only. Only limited summary data is available for this year.$9.20$0.00$9.20$0.83$0.23$0.60
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.41$0.00$8.41$0.83$0.69$0.15
2019Detailed filing. Detailed filing data is available for this year.$7.74$0.00$7.74$1.22$0.86$0.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.60$0.00$6.60$0.27$2.04$1.77
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.61$0.62$8.99$0.20$0.62$0.42
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.10$0.00$9.10$0.22$0.00$0.22
2015Detailed filing. Detailed filing data is available for this year.$8.74$0.00$8.74$3.43$3.31$0.12
2014Detailed filing. Detailed filing data is available for this year.$8.94$0.00$8.94$0.80$0.95$0.15
2013Detailed filing. Detailed filing data is available for this year.$9.28$0.00$9.28$2.24$1.17$1.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.81$0.00$7.81$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.20$0.00$6.20$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$0.00$5.43$0.12