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Nonprofiteer
← LHS FOUNDATION

Form 990 for tax year 2022

Filed by LHS FOUNDATION.

Totals

Total revenue
$576,427
Total expenses
$4,770,453
Contributions and grants received
$382,352
Grants paid
$4,237,508
Program service revenue
$0
Investment income
$194,075
Other revenue
$0
Total assets, end of year
$17,321,739
Total liabilities, end of year
$1,303,508
Net assets or fund balances, end of year
$16,018,231
Program services expenses (Part IX)
$4,237,508
Management and general expenses
$532,945
Fundraising expenses
$0
Program service expenses (Part III)
$4,237,508

Program services were 88.8% 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

    $382,352

  • 3 · Investment income

    total $194,075 · related or exempt $194,075

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,218,460 · program services $4,218,460

  • 2 · Grants to domestic individuals

    total $19,048 · program services $19,048

  • 11b · Fees: legal

    total $13,178 · management and general $13,178

  • 13 · Office expenses

    total $39,120 · management and general $39,120

  • 24a · Other expenses: MANAGEMENT FEES

    total $479,764 · management and general $479,764

  • 24b · Other expenses: REAL ESTATE TAXES

    total $883 · management and general $883

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,870,651 · end of year $351,503

  • 2 · Savings and temporary cash investments

    beginning of year $3,053,391 · end of year $4,836,988

  • 4 · Accounts receivable

    beginning of year $676,679 · end of year $329,280

  • 7 · Other notes and loans receivable

    beginning of year $2,571,918 · end of year $1,409,117

  • 11 · Investments: publicly traded securities

    beginning of year $11,421,359 · end of year $7,242,250

  • 13 · Investments: program-related

    beginning of year $1,461,794 · end of year $1,175,382

  • 15 · Other assets

    beginning of year $2,039,747 · end of year $1,977,219

  • 17 · Accounts payable and accrued expenses

    beginning of year $891 · end of year $883

  • 21 · Escrow or custodial account liability

    beginning of year $1,461,794 · end of year $1,175,382

  • 25 · Other liabilities

    beginning of year $176,594 · end of year $127,243

  • 27 · Net assets without donor restrictions

    beginning of year $15,292,090 · end of year $10,190,534

  • 28 · Net assets with donor restrictions

    beginning of year $8,164,170 · end of year $5,827,697

Mission and programs · 2022

Mission

THE PRIMARY EXEMPT PURPOSE OF LHS FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT FOR THE CHARITABLE ACTIVITIES OF LUTHERAN HOMES SOCIETY, INC. AND ALL ITS SUBSIDIARIES. THE LHS FOUNDATION SOLICITS, RECEIVES AND INVESTS GIFTS OF MONEY AND PROPERTY AND ADMINISTERS AND DISBURSES THE SAME AND INCREMENTS THEREON FOR SUCH EXCLUSIVELY CHARITABLE USES. LUTHERAN HOMES SOCIETY, INC., THE PARENT CORPORATION OF LHS FOUNDATION, PROMOTES AND FACILITATES THE CHARITABLE, RELIGIOIUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES FOR WHICH IT HAS RECEIVED TAX EXEMPTION, BY PROVIDING LHS FOUNDATION WITH BENEFITS AND SERVICES TO SUPPORT LHS FOUNDATION, INCLUDING BUT NOT LIMITED TO: PROVIDING EXECUTIVE MANAGEMENT IN TERMS OF SUPERVISION, STRATEGIC PLANNING, POLICY FORMULATION, AND ADVOCACY; ENGAGING IN ACTIVITIES INTENDED TO ASSIST LHS FOUNDATION DIRECTLY OR INDIRECTLY IN PROMOTING THE GENERAL HEALTH AND WELFARE OF COMMUNITIES IN WHICH IT OPERATES; PROMOTING MORE EFFICIENT UTILIZATION OF RESOURCES THROUGH THE EXERCISE

  • LHS FOUNDATION IS A NOT-FOR PROFIT ORGANIZATION THAT FAITHFULLY GATHERS, PROTECTS, INVESTS, AND DISBURSES THE GIFTS GOD'S PEOPLE SHARE WITH THE CARING MINISTRIES OF LUTHERAN HOMES SOCIETY AS THEY PROVIDE RESIDENTIAL CARE AND SUPPORTIVE SERVICES FOR YOUTH AND ELDERLY. AS A FAITH-BASED PROVIDER OF SUCH SERVICE, LHS FOUNDATION CONTINUES TO HONOR ITS MISSION TO EXTEND ITS SERVICES TO THE VULNERABLE OF OUR POPULATION, SPECIFICALLY YOUTH AND ELDERLY. WE DEMONSTRATE BEHAVIORS REFLECTING OUR CORE VALUES OF FAITHFULNESS TO CHRIST, EQUALITY AND JUSTICE, WHOLENESS OF LIFE, INTEGRITY, QUALITY OF SERVICE, AND STEWARDSHIP OF RESOURCES. (SEE SCHEDULE O FOR ADDITIONAL INFO) LHS FOUNDATION OVERVIEW: LHS FOUNDATION PROVIDES THE FUND RAISING MECHANISM FOR THE MINISTRIES OF LUTHERAN HOMES SOCIETY TO SERVE YOUTH AND ELDERLY IN NORTHWESTERN OHIO AND SOUTHEASTERN MICHIGAN IN VARIOUS SETTINGS. IN 2022, THE ACTIVE DONOR LIST WAS 365 DONORS. THE DONATIONS PROVIDED BY THESE DONORS HELPED TO SUPPORT OUR MINISTRIES TO YOUTH AND ELDERS. LHS FOUNDATION, AS PART OF THE MINISTRY OF LUTHERAN HOMES SOCIETY, HAS ALWAYS BEEN AN EXEMPLARY PROVIDER OF SUPPORT TO OUR MINISTRIES AS THEY OFFER COMPASSIONATE, QUALITY CARE TO THOSE WE SERVE, BUT WE ARE ALSO COMMITTED TO IMPROVING AND CONTRIBUTING TO THE COMMUNITIES IN WHICH WE LIVE AND WORK. IN ADDITION TO THE RESIDENTS AND CLIENTS SERVED DIRECTLY, A WIDE VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES CONTRIBUTE TO THE ACCOMPLISHMENT OF LHS FOUNDATION'S TAX-EXEMPT PURPOSE.

    Expenses $4,237,508 · Grants $4,237,508

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William R Marshall

    ASST. SEC. /

    Total calculated
    $391,925
    From this org
    $0
    From related orgs
    $327,636
    Other
    $64,289
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $326,542 related
    Bonus
    not reported
    Other
    not reported + $1,094 related
    Deferred
    not reported + $40,399 related
    Nontaxable benefits
    not reported + $23,890 related
    Filer's total
    not reported + $391,925 related

  • Lorinda Schalk

    TREASURER

    Total calculated
    $259,587
    From this org
    $0
    From related orgs
    $221,861
    Other
    $37,726
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $221,723 related
    Bonus
    not reported
    Other
    not reported + $138 related
    Deferred
    not reported + $26,928 related
    Nontaxable benefits
    not reported + $10,798 related
    Filer's total
    not reported + $259,587 related

  • Judy Ashley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • James Bingle

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0

  • Beth Charvat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Marissa Fitzpatrick

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Paula Hicks-Hudson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Katrin McBroom

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Rev Dr Tim Philabaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
WILLIAM R. MARSHALL 0 26,928 0 LORINDA SCHALK 0 17,952 0
SCHEDULE J, PAGE 1, PART I, LINE 7
THE CEO RECEIVES A CONTRIBUTION OF UP TO 10% OF HIS GROSS WAGES TO THE DEFERRED COMPENSATION PLAN IF THE RELATED ORGANIZATION MEETS CERTAIN BENCHMARKS ESTABLISHED BY THE BOARD OF DIRECTORS.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202343149349300709

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