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Nonprofiteer
← DIAKON LUTHERAN FUND

Form 990 for tax year 2023

Filed by DIAKON LUTHERAN FUND.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $77,044 · end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $21,631,338 · end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $8,528,955 · end of year $0

  • 25 · Other liabilities

    beginning of year $252,048 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $18,487,951 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $11,497,338 · end of year $0

Mission and programs · 2023

Mission

IN RESPONSE TO GOD'S LOVE IN JESUS CHRIST, DIAKON LUTHERAN FUND WILL DEMONSTRATE GOD'S COMMAND TO LOVE THE NEIGHBOR THROUGH ACTS OF SERVICE.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES FINANCIAL SUPPORT TO DIAKON AND ITS VARIOUS AFFILIATE ORGANIZATIONS THAT PROVIDE SENIOR LIVING AND OTHER SOCIAL SERVICES.

  • GRANTS SUPPORTING DIAKON LUTHERAN SOCIAL MINISTRIES AND OTHER RELATED NON-PROFIT ORGANIZATIONS. DIAKON LUTHERAN FUND PROVIDES GRANTS TO AFFILIATED DIAKON ENTITIES: DIAKON LUTHERAN SOCIAL MINISTRIES AND DIAKON CHILD, FAMILY AND COMMUNITY MINISTRIES. SUCH GRANTS SUPPORT CHARITABLE ENDEAVORS OF THE DIAKON ENTERPRISE, INCLUDING: BENEVOLENT CARE FOR SENIORS IN A RETIREMENT COMMUNITY, DISASTER RELIEF PROGRAMMING, AND VARIOUS CHILDREN, FAMILY AND COMMUNITY SERVICES, INCLUDING ADOPTION AND FOSTER CARE, COUNSELING SERVICES AND SERVICES TO ADJUDICATED YOUTH.AS OF JANUARY 1, 2023, DLF WAS CONVERTED TO A DISREGARDED LIMITED LIABILITY COMPANY OF DIAKON.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Emried D Cole Jr Esq

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kenneth G Mertz

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Diane Batchik

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Maury Bobst

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Peter Knudsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Rev Dr Don Main

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Scott Habecker

    CEO/PRESIDENT

    Total calculated
    $939,024
    From this org
    $0
    From related orgs
    $735,567
    Other
    $203,457
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $534,257 related
    Bonus
    $0 + $201,310 related
    Other
    $0
    Deferred
    $0 + $171,947 related
    Nontaxable benefits
    $0 + $31,510 related
    Filer's total
    $0 + $939,024 related
  • Susan Schellenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jennifer Schlegel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Lisa Webster

    VP/FINANCE

    Total calculated
    $231,166
    From this org
    $0
    From related orgs
    $215,494
    Other
    $15,672
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,704 related
    Bonus
    $0 + $26,790 related
    Other
    $0
    Deferred
    $0 + $2,899 related
    Nontaxable benefits
    $0 + $12,773 related
    Filer's total
    $0 + $231,166 related
  • Jarrod Leo

    FORMER SENIOR VP/CFO

    Total calculated
    $115,000
    From this org
    $0
    From related orgs
    $115,000
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $115,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $115,000 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 6b · Pay contingent on a related 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
ALL EMPLOYEES ARE COMPENSATED BY DIAKON LUTHERAN SOCIAL MINISTRIES (DLSM). SEE SCHEDULE O IN REFERENCE TO PART VI, SECTION B, LINE 15 FOR A DETAILED DESCRIPTION OF DLSM'S EXECUTIVE COMPENSATION PROGRAM. THE CEO'S COMPENSATION IS PAID BY DIAKON LUTHERAN SOCIAL MINISTRIES (DLSM). DLSM USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
DLSM HAS A 457(F) SUPPLEMENTAL NONQUALIFIED BENEFIT PLAN TO RECOGNIZE CERTAIN EMPLOYEES FOR THEIR SIGNIFICANT CONTRIBUTIONS AND IN CONSIDERATION OF EXPECTED CONTRIBUTION TO THE GROWTH OF DLSM, ITS AFFILIATES AND SUBSIDIARIES IN THE FUTURE. THE ANNUAL ACCRUALS AND INTEREST EARNINGS FOR THE 457(F) SUPPLEMENTAL NONQUALIFIED BENEFIT PLAN IS REPORTED IN PART VII, SECTION A, COLUMN F AND SCHEDULE J, PART II, COLUMN C AND IS LISTED BELOW: SCOTT D. HABECKER $168,330 AS A CONDITION FOR PARTICIPATING IN THE 457(F) SUPPLEMENTAL NON QUALIFIED BENEFIT PLAN, THE INDIVIDUAL MUST BE EMPLOYED AT THE VESTING DATE AND HAVE AGREED TO CERTAIN RESTRICTIVE COVENANTS.

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

No itemized grants to organizations on this return.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • DIAKON

    $77,044

    Disposition · INTEREST RECEIVABLE · Jan 1, 2023 · 501(C)(3)

  • DIAKON

    $21,631,338

    Disposition · INVESTMENTS · Jan 1, 2023 · 501(C)(3)

  • DIAKON

    $8,528,955

    Disposition · FUNDS HELD IN TRUST · Jan 1, 2023 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202413199349302686

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