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← EVERGREEN MANOR FOUNDATION INC

Form 990 for tax year 2024

Filed by EVERGREEN MANOR FOUNDATION INC.

Totals

Total revenue
$1,632,454
Total expenses
$1,097,880
Contributions and grants received
$504,877
Grants paid
$864,769
Program service revenue
$0
Investment income
$1,127,577
Other revenue
$0
Total assets, end of year
$23,294,451
Total liabilities, end of year
$247,341
Net assets or fund balances, end of year
$23,047,110
Program services expenses (Part IX)
$864,907
Management and general expenses
$77,512
Fundraising expenses
$155,461
Program service expenses (Part III)
$864,907

Program services were 78.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $504,877

  • 3 · Investment income

    total $305,527 · excluded $305,527

  • 7a · Gross sales of assets other than inventory

    securities $9,678,272

  • 7b · Less cost or other basis and sales expenses

    securities $8,856,222

  • 7c · Gain or loss

    securities $822,050

  • 7d · Net gain or loss

    total $822,050 · excluded $822,050

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $864,769 · program services $864,769

  • 11a · Fees: management

    total $126,345 · fundraising $126,345

  • 11c · Fees: accounting

    total $10,900 · fundraising $10,900

  • 11f · Fees: investment management

    total $73,956 · management and general $73,956

  • 11g · Fees: other

    total $18,216 · fundraising $18,216

  • 13 · Office expenses

    total $429 · management and general $429

  • 24a · Other expenses: ASSOCIATION DUES

    total $1,364 · management and general $1,364

  • 24b · Other expenses: FOOD & DIETARY SUPPLIES

    total $395 · management and general $395

  • 24c · Other expenses: EQUIPMENT REPAIR

    total $392 · management and general $392

  • 24d · Other expenses: CONTINUING EDUCATION

    total $310 · management and general $310

  • 24e · All other expenses

    total $804 · program services $138 · management and general $666

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,300 · end of year $11,550

  • 11 · Investments: publicly traded securities

    beginning of year $20,346,491 · end of year $21,531,275

  • 15 · Other assets

    beginning of year $1,674,117 · end of year $1,751,626

  • 17 · Accounts payable and accrued expenses

    beginning of year $755 · end of year $1,515

  • 25 · Other liabilities

    beginning of year $577,607 · end of year $245,826

  • 27 · Net assets without donor restrictions

    beginning of year $15,623,785 · end of year $17,072,074

  • 28 · Net assets with donor restrictions

    beginning of year $5,828,761 · end of year $5,975,036

Mission and programs · 2024

Mission

EVERGREEN FOUNDATION, INC. RECEIVES GIFTS AND BEQUESTS, RAISES FUNDS FOR SPECIFIC PROJECTS OR NEEDS, ADMINISTERS AND INVESTS FUNDS, AND DISBURSES PAYMENTS TO AND ON BEHALF OF EVERGREEN RETIREMENT COMMUNITY, INC.

Activities or mission (Part I)

TO USE AND SECURE RESOURCES IN SUPPORT OF THE EVERGREEN RETIREMENT COMMUNITY VISION.

  • THE EVERGREEN FOUNDATION SUPPORTS THE EVERGREEN VISION TO BE A "VIBRANT COMMUNITY THAT OFFERS RICH LIFE EXPERIENCES AND CHOICES IN PROGRAMS, SERVICES, AND ENVIRONMENTS FOR THOSE WE SERVE" THROUGH CHARITABLE CONTRIBUTIONS, LEAVE A LEGACY DESIGNATIONS AND VOLUNTEER INVOLVEMENT. THE EVERGREEN FOUNDATION HELPS PROVIDE DIGNITY, COMFORT AND SECURITY FOR THOSE WHO CALL EVERGREEN HOME; ENHANCES THE LIVING ENVIRONMENTS AND EXPERIENCES OFFERED TO THE RESIDENTS; AND SUPPORTS THE ACTIVITIES THE RESIDENTS ENJOY.

    Expenses $864,907 · Grants $864,769

As filed on the 2024 return.

Listed in Part VII

  • Mary Hansen

    CHAIR (THRU MAY 2024)

    Total calculated
    $0
    Hours/week
    1

  • Barb Knutzen

    CHAIR (FROM MAY 2024)

    Total calculated
    $0
    Hours/week
    1

  • John Schorse

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anne Cameron Gassere

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anna Filipova

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kortney Jenks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Knobloch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darrick Munsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wayne Oehler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Propp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Wintheiser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alyson Zierdt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Arneson

    PRESIDENT/CEO

    Total calculated
    $331,826
    From this org
    $0
    From related orgs
    $308,204
    Other
    $23,622
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,704 related
    Bonus
    $0 + $12,500 related
    Other
    $0
    Deferred
    $0 + $18,476 related
    Nontaxable benefits
    $0 + $5,146 related
    Filer's total
    $0 + $331,826 related

  • Billie Jo Higgins

    VP FINANCE & IS/TREASURER

    Total calculated
    $182,427
    From this org
    $0
    From related orgs
    $171,259
    Other
    $11,168
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,421 related
    Bonus
    $0 + $7,838 related
    Other
    $0
    Deferred
    $0 + $10,270 related
    Nontaxable benefits
    $0 + $898 related
    Filer's total
    $0 + $182,427 related

  • Stephanie Kintopf

    SECRETARY

    Total calculated
    $46,589
    From this org
    $0
    From related orgs
    $29,490
    Other
    $17,099
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FOUNDATION RELIES ON A RELATED ORGANIZATION, EVERGREEN RETIREMENT COMMUNITY, INC. TO DETERMINE THE COMPENSATION FOR THE CEO/PRESIDENT. THE RELATED ORGANIZATION USED THE FOLLOWING PRACTICES TO DETERMINE THE COMPENSATION FOR THE CEO/PRESIDENT: COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 6
PRESIDENT/CEO (KEN ARNESON) AND CFO/TREASURER (BILLIE JO HIGGINS) OF EVERGREEN RETIREMENT COMMUNITY, AS MEMBERS OF THE MANAGEMENT TEAM, RECEIVE AN ANNUAL BONUS, PART OF WHICH RELATES TO THE NET INCOME OF THE ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • EVERGREEN RETIREMENT COMMUNITY INC

    $864,769

    BENEVOLENT NEED, SPECIAL PROJECTS (RESTRICTED FUNDS), GROUNDS BEAUTIFICATION, AND SPECIAL PROJECTS APPROVED BY THE BOARD (UNRESTRICTED FUNDS).

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EVERGREEN VILLAGE INC

    C · CO-OPERATIVE · WI

Provenance

Return type
form_990
Tax year
2024
Filed
17 October 2025
IRS schema version
2024v5.2
Source object
202533039349301138

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