Immanuel

“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.”

“There are no committees with authority to act on behalf of the governing body.”

“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.”

“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 august 1, 2021, irc iii, llc (100% owned by immanuel), acquired two senior living communities, one located in lincoln, ne and one in des moines, ia. The acquisition was carried out to expand the locations in which immanuel provides senior care, to expand and fulfill its mission.”

“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.”

“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, 2022, the following organizations reported functional expenses as follows: immanuel retirement communities: - program service: $38,035,710 - management & general: $6,271,452 immanuel home & community resources: - program service: $2,993,100 - management & general: $572,945 pace iowa (subsidiary) - program service: $36,873,309 - management & general: $3,752,700 pace nebraska (subsidiary) - program service: $21,208,850 - management & general: $1,831,645 immanuel long term care: - program service: $22,534,592 - management & general: $3,082,579 immanuel community vision foundation: - program service: $2,442,833 - managment & general: $456,166 irc ii, inc.: - program service: $15,702,699 - managment & general: $3,647,788”

“Equity transfer to affiliates -57,178,991.”

“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.”