Heisinger Hope Foundation

“The organization delegates management duties including supervising personnel, operations, and budgeting to lutheran senior services, the parent company.”

“Effective march 21, 2017, the foundation was merged with and into lutheran senior services endowment fund (lssef) and the separate existence of foundation will cease. Lssef is the surviving corporation and will continue its corporate existence under, and be governed by, the laws of the state of missouri, and the directors and officers of lssef will continue as the directors and officers of the surviving corporation. The articles of incorporation of lssef as in effect on the effective date will be the articles of incorporation of the surviving corporation following the effective date, until the same shall be altered, amended or repealed in the manner provided therein as prescribed by law. The current bylaws of lssef as in effect on the effective date will be the bylaws of the surviving corporation following the effective date, until the same shall be altered, amended or repealed. Currently cole county lutheran home association (cole county), a missouri pro forma decree corporation, is the sole member of the merging corporation. Following the merger, cole county will not be a member of the surviving corporation and the surviving corporation will have no members.”

“The governing board members are elected by the sole member, lutheran senior services.”

“Review and approval of the form 990 has been delegated to the audit committee of the board of directors of the parent organization, lutheran senior services, prior to being filed.”

“All directors, officers and key employees will disclose a conflict of interest on the "conflict of interest form" in the following situations and in other circumstances which he/she thinks might cause a conflict between his/her personal interests and his/her fiduciary duty: financial interests, inside information, conflicting interest other than financial, gifts and favors. The following lss employees are required to sign a "conflict of interest form" annually: president, chief operating officer, chief financial officer/treasurer, vice president of construction and it, vice president of human resources, all directors, administrators and assistant administrators. The corporate compliance officer follows up with any conflicts of interests and documents the resolutions of the conflicts. These forms are kept by the corporate compliance office.”

“The filing organization did not compensate any officers, directors or key employees. The compensation process used by the parent organization, lutheran senior services, is as follows: the board of directors established a separate compensation committee charged with performing an annual performance review of the ceo and reviewing the ceo's compensation package. The compensation committee engaged a third-party global human capital consulting firm to: (1) develop an annual ceo performance review process, including a new evaluation form, and (2) develop a compensation package based on its knowledge of similarly sized non-profit organizations in order to ensure that the compensation paid to the ceo is reasonable. All members of the board complete an annual evaluation, which the compensation committee summarizes and reviews. The compensation committee then makes a recommendation to the full board of directors for any compensation adjustments.”

“Although not required, the organization provides photocopies of its governing documents, conflict of interest policy, financial statements, and other documents to all who request one or more of these items.”

“Lutheran senior services is a large complex organization that is comprised of 19 separate legal entities, each of which files its own tax return. Due to the requirements for completing these 990's (which are filed by 16 of the 19 lss entities), some of the information contained within the form, such as revenue and expenses, is related only to that particular entity. However, some of the information, such as executive compensation, relates to the entire organization. To help make this information more meaningful, the following paragraph provides a summary of the overall operations of lss. Lutheran senior services is a not for profit organization owned by 104 lutheran churches and was initially founded in 1858. Lutheran senior services operates ten senior living communities serving over 3,000 older adults, eight affordable housing communities serving over 570 older adults and a variety of in home services programs serving over 5,000 older adults. In 2017, lss had total operating income of approximately $213,000,000, provided approximately $12,062,000 in benevolent care, had over 71,000 volunteer hours, and employed 16 chaplains.”

“The 8282s were completed by lutheran senior services, the parent organization, for administration convenience.”

“Purchased services: program service expenses 0. Management and general expenses 0. Fundraising expenses 204. Total expenses 204. Realtor fees: program service expenses 0. Management and general expenses 0. Fundraising expenses 8,295. Total expenses 8,295.”

“Valuation adjustment to gift annuities 11,891. Equity tranfer - merger -2,248,355.”

“The organization has an audit committee that is responsible for the oversight of the audit. This process is consistent with the prior years.”

“The organization's payroll is processed with lutheran senior services, the parent company. Forms w-3 and w-2 were not issued by heisinger hope foundation as of december 31, 2017. The organization did pay the salaries, employment taxes, and employee benefits for the organization's employees. The organization had 3 full-time employee with w-2s for 2017.”