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.”

“On september 10th, 2016 immanuel amended its bylaws to make the following significant changes: 1) designated that the officers of the corporation will be a chairperson, a vice-chairperson, a president and chief executive officer, one or more vice-presidents, a secretary and a treasurer. Previously, the secretary/treasurer was one officer of the board of directors. The chairperson, vice-chairperson and secretary (the "elected officers") shall be elected among the board of directors. The chief financial officer of the corporation shall serve as the treasurer. 2) designated that one of the directors of the corporation will be the person then serving as chair of the boards of directors of immanuel affordable, inc., immanuel affordable ii, inc., and immanuel trinity affordable, inc.,serving ex officio with vote.”

“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, immanuel community vision foundation, and irc ii, inc. 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 26,357. Management and general expenses 526,628. Fundraising expenses 0. Total expenses 552,985. Other fees for service: program service expenses 48,751. Management and general expenses 424,680. Fundraising expenses 0. Total expenses 473,431. Hiring costs: program service expenses 50,424. Management and general expenses 146,900. Fundraising expenses 0. Total expenses 197,324.”

“Immanuel is the sole corporate member of immanuel retirement communities (irc), immanuel home and community resources (ihcr) and subsidiaries, immanuel long term care (iltc), immanuel community vision foundation (icvf), and irc ii, inc.; 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, 2017, the following organizations reported functional expenses as follows: immanuel retirement communities: - program service: $26,576,162 - management & general: $5,912,061 immanuel home & community resources: - program service: $3,346,623 - management & general: $476,086 pace iowa (subsidiary) - program service: $17,485,897 - management & general: $2,308,456 pace nebraska (subsidiary) - program service: $13,450,196 - management & general: $1,303,972 immanuel long term care: - program service: $17,301,663 - management & general: $3,875,257 immanuel community vision foundation: - program service: $2,229,620 - managment & general: $247,431 irc ii, inc.: - program service: $3,261,075 - managment & general: $418,059”

“Equity transfer to affiliates -16,766,176. Other gain on transfer of interest 798,050. Loss on acquisition of noncontrolling interest -459,917. Equity transfer to affiliates upon dissolution of core fund, llc -44,651,441.”

“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.”