Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,697,456

• 1g · Noncash contributions included above

  $32,668

• 2a · Program service revenue: GOVERNMENT FEES

  total $2,419,978 · related or exempt $2,419,978

• 2b · Program service revenue: INT'L ADOPTION FEES

  total $942,797 · related or exempt $942,797

• 2c · Program service revenue: PASS-THROUGH REVENUES

  total $442,138 · related or exempt $442,138

• 2d · Program service revenue: FEES FOR SERVICES

  total $2,305 · related or exempt $2,305

• 3 · Investment income

  total $290,306 · excluded $290,306

• 6a · Gross rents

  real property $265,164

• 6b · Less rental expenses

  real property $284,107

• 6c · Rental income or loss

  real property -$18,943

• 6d · Net rental income or loss

  total -$18,943 · excluded -$18,943

• 7a · Gross sales of assets other than inventory

  securities $395,388

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

  securities $216,300

• 7c · Gain or loss

  securities $179,088

• 7d · Net gain or loss

  total $179,088 · excluded $179,088

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $699 · related or exempt $699

• 11e · Other revenue, total

  $699

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $37,171 · program services $37,171

• 2 · Grants to domestic individuals

  total $143,712 · program services $143,712

• 3 · Grants to foreign organizations and individuals

  total $539,018 · program services $539,018

• 5 · Compensation of officers, directors and key employees

  total $116,374 · program services $104,736 · management and general $11,638

• 7 · Other salaries and wages

  total $2,340,126 · program services $1,959,710 · management and general $210,905 · fundraising $169,511

• 8 · Pension plan contributions

  total $39,658 · program services $29,308 · management and general $5,736 · fundraising $4,614

• 9 · Other employee benefits

  total $493,146 · program services $371,521 · management and general $69,369 · fundraising $52,256

• 10 · Payroll taxes

  total $150,029 · program services $113,193 · management and general $21,058 · fundraising $15,778

• 11a · Fees: management

  total $150,085 · management and general $150,085

• 11c · Fees: accounting

  total $72,622 · management and general $72,622

• 11f · Fees: investment management

  total $19,231 · management and general $19,231

• 11g · Fees: other

  total $144,045 · program services $39,162 · management and general $98,216 · fundraising $6,667

• 12 · Advertising and promotion

  total $156,543 · program services $32,528 · management and general $11,135 · fundraising $112,880

• 13 · Office expenses

  total $1,108 · program services -$5,932 · management and general $7,040

• 16 · Occupancy

  total $99,117 · program services $91,392 · management and general $3,591 · fundraising $4,134

• 17 · Travel

  total $48,344 · program services $47,827 · management and general $423 · fundraising $94

• 22 · Depreciation, depletion and amortization

  total $251,077 · program services $107,963 · management and general $143,114

• 23 · Insurance

  total $215,382 · program services $207,914 · management and general $3,471 · fundraising $3,997

• 24a · Other expenses: CLIENT/COMMUNITY SUPPOR

  total $646,409 · program services $630,647 · management and general $15,700 · fundraising $62

• 24b · Other expenses: PASS-THROUGH EXPENSES

  total $207,685 · program services $207,685

• 24c · Other expenses: STAFF DEVELOPMENT

  total $25,724 · program services $19,746 · management and general $5,465 · fundraising $513

• 24d · Other expenses: EQUIPMENT

  total $295 · program services -$8,030 · management and general $8,325

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $889,974 · end of year $935,224

• 2 · Savings and temporary cash investments

  beginning of year $33,045 · end of year $35,123

• 3 · Pledges and grants receivable

  beginning of year $521,999 · end of year $760,112

• 4 · Accounts receivable

  beginning of year $565,445 · end of year $158,855

• 9 · Prepaid expenses and deferred charges

  beginning of year $243,435 · end of year $313,610

• 10a · Land, buildings and equipment: cost or other basis

  $10,710,368

• 10b · Land, buildings and equipment: accumulated depreciation

  $5,436,475

• 10c · Land, buildings and equipment, net

  beginning of year $5,491,338 · end of year $5,273,893

• 11 · Investments: publicly traded securities

  beginning of year $4,656,454 · end of year $5,081,108

• 12 · Investments: other securities

  beginning of year $3,212,225 · end of year $3,482,340

• 15 · Other assets

  beginning of year $1,837,798 · end of year $1,989,725

• 17 · Accounts payable and accrued expenses

  beginning of year $366,513 · end of year $483,287

• 19 · Deferred revenue

  beginning of year $458,839 · end of year $428,136

• 25 · Other liabilities

  beginning of year $670,099 · end of year $231,034

• 27 · Net assets without donor restrictions

  beginning of year $5,789,223 · end of year $5,673,584

• 28 · Net assets with donor restrictions

  beginning of year $10,167,039 · end of year $11,213,949

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S PRESIDENT AND SVP OF FINANCE AND OPERATIONS ARE COMPENSATED BY LUTHERAN SOCIAL SERVICE OF MINNESOTA, A RELATED ORGANIZATION, UNDER A MANAGEMENT AGREEMENT. THE COMPENSATION REPORTED INCLUDES SERVICES FOR LSS AND ALL OF ITS AFFILIATES. THE ORGANIZATION RELIED ON LSS TO DETERMINE COMPENSATION OF THE PRESIDENT AND SVP OF FINANCE AND OPERATIONS, WHICH INCLUDED COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.