Immanuel

“The amounts paid to independent contractors by immanuel and related organizations are reported by immanuel in part vii, section b, but are allocated to each respective organization for purposes of reporting on part ix, line 11. The allocation is based on the amount of services provided to each organization.”

“The synod council of the evangelical lutheran church in america (elca) elects one-third of the directors of immanuel and must confirm the other two-thirds of elected directors before they take office. Additionally, the bishop of the nebraska synod of the elca and the president/ceo of immanuel are both voting ex officio members of the board.”

“The synod council of the nebraska synod of the evangelical church in america must approve any amendment to the articles or bylaws of immanuel. Therefore, any changes to the governing documents that impact the governance of the organization must be approved by the synod council.”

“The form 990 is prepared by an accounting firm with the assistance of the controller, and is then reviewed by the cfo and the controller. Copies of the reviewed return are provided to the board members prior to filing with the irs.”

“The conflict of interest policy states that the members of the board of directors must sign the conflict of interest policy annually and disclose all conflicts. The governance committee shall decide what actions need to be taken concerning any conflicts. A board member is prohibited from voting on any business related to any conflict the governance committee has identified with respect to that board member.”

“Immanuel analyzes market-based compensation studies, reviews job descriptions and interviews outside human resource consultants. Compensation for the ceo is approved by the board of directors. Compensation of top management personnel is approved by the ceo.”

“Immanuel does not make its governing documents, conflict of interest policy, or financial statements available to the public.”

“Immanuel is the sole member of immanuel retirement communities, immanuel home and community resources, immanuel long term care, and immanuel community vision foundation. Immanuel issues the form w-2 for all the employees, including the officers, of each of these organizations. Because immanuel is reimbursed for the salaries and benefits of these employees and officers by each of the organizations, the expenses for the reimbursed salaries and benefits are reflected on each of the organizations' form 990 in part ix, statement of functional expenses, lines 5-7, and not on immanuel's form 990, part ix, lines 5-7.”

“Consulting services: program service expenses 134,830. Management and general expenses 178,476. Fundraising expenses 0. Total expenses 313,306. Other fees for service: program service expenses 23,931. Management and general expenses 673,742. Fundraising expenses 0. Total expenses 697,673. Hiring costs: program service expenses 6,543. Management and general expenses 308,386. Fundraising expenses 0. Total expenses 314,929.”

“Immanuel is the sole corporate member of immanuel retirement communities (irc), immanuel home and community resources (ihcr) and subsidiaries, immanuel long term care (iltc) and immanuel community vision foundation (icvf); all not-for-profit organizations. Immanuel provides management services, including executive, accounting, information technology, compliance and human resources, to all of these organizations. For the year ended june 30, 2015, the following organizations reported functional expenses as follows: immanuel retirement communities: - program service: $24,078,065 - management & general: $4,788,320 immanuel home & community resources: - program service: $2,697,284 - management & general: $384,458 pace iowa (subsidiary) - program service: $9,221,937 - management & general: $1,111,546 pace nebraska (subsidiary) - program service: $7,693,244 - management & general: $908,745 immanuel long term care: - program service: $19,481,767 - management & general: $3,551,218 immanuel community vision foundation: - program service: $76,948 - managment & general: $275,296”

“Gain on termination of interest in joint operating agreement 7,564,002.”

“The board of directors assumes the responsibility for oversight of the audit of immanuel's financial statements and selection of an independent accountant. This process did not change from prior years.”

“On 10-31-12, immanuel entered into an agreement with catholic health initiatives (chi) to resign its membership in alegent and immanuel medical center entities and to terminate its interest in the joint operating agreement (joa) between immanuel medical center and alegent creighton health - bergan mercy health system. In accordance with the joint operating agreement, appraisals were conducted to determine the joa termination payment from chi to immanuel. In fiscal year 2013, immanuel received a payment in the amount of $553,669,500. During fiscal year 2015, immanuel received the final disbursement of funds totaling $7,564,002 representing the final material adjustment to the actual closing date net balance sheet amount.”