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Nonprofiteer
← IMMANUEL COMMUNITY VISION FOUNDATION

Form 990 for tax year 2023

Filed by IMMANUEL COMMUNITY VISION FOUNDATION.

Totals

Total revenue
$6,969,210
Total expenses
$5,817,121
Contributions and grants received
$0
Grants paid
$5,164,342
Program service revenue
$0
Investment income
$6,969,210
Other revenue
$0
Total assets, end of year
$82,925,375
Total liabilities, end of year
$462,862
Net assets or fund balances, end of year
$82,462,513
Program services expenses (Part IX)
$5,164,342
Management and general expenses
$652,779
Fundraising expenses
$0
Program service expenses (Part III)
$5,164,342

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.

  • 3 · Investment income

    total $977,539 · excluded $977,539

  • 7a · Gross sales of assets other than inventory

    securities $5,991,671

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

    securities $0

  • 7c · Gain or loss

    securities $5,991,671

  • 7d · Net gain or loss

    total $5,991,671 · excluded $5,991,671

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,164,342 · program services $5,164,342

  • 7 · Other salaries and wages

    total $199,502 · management and general $199,502

  • 8 · Pension plan contributions

    total $4,957 · management and general $4,957

  • 9 · Other employee benefits

    total $41,719 · management and general $41,719

  • 10 · Payroll taxes

    total $10,588 · management and general $10,588

  • 11c · Fees: accounting

    total $25,424 · management and general $25,424

  • 11f · Fees: investment management

    total $299,794 · management and general $299,794

  • 11g · Fees: other

    total $52,347 · management and general $52,347

  • 12 · Advertising and promotion

    total $416 · management and general $416

  • 13 · Office expenses

    total $1,371 · management and general $1,371

  • 14 · Information technology

    total $7,000 · management and general $7,000

  • 16 · Occupancy

    total $7,417 · management and general $7,417

  • 17 · Travel

    total $1,188 · management and general $1,188

  • 23 · Insurance

    total $922 · management and general $922

  • 24e · All other expenses

    total $134 · management and general $134

Balance sheet

Part X, book values.

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,073 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $50,309,702 · end of year $43,919,486

  • 12 · Investments: other securities

    beginning of year $31,576,251 · end of year $39,005,889

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,658 · end of year $81,961

  • 25 · Other liabilities

    beginning of year $44,804 · end of year $380,901

  • 27 · Net assets without donor restrictions

    beginning of year $81,776,564 · end of year $82,462,513

Mission and programs · 2023

Mission

RECOGNIZING THAT ALL WE HAVE COMES FROM GOD, WE HAVE BEEN CALLED TO BE FAITHFUL AND COURAGEOUS STEWARDS OF GOD'S RESOURCES. FOLLOWING CHRIST'S CALL TO SERVE, WE WILL MEET THE PHYSICAL, EMOTIONAL AND SPIRITUAL NEEDS OF SENIORS; RESPOND TO NEEDS IN COMMUNITY HEALTH; AND SUPPORT THE MINISTRY OF THE CHURCH.

Activities or mission (Part I)

TO HOLD, INVEST AND DISBURSE GIFTS, GRANTS, CONTRIBUTIONS AND FUNDS IN A MANNER THAT SUPPORTS THE PURPOSES AND ACTIVITIES OF THE SUPPORTED ORGANIZATIONS AND TO RECOGNIZE AND PROMOTE THE CORPORATION'S LUTHERAN HERITAGE AND THE MISSION AND PURPOSES OF THE NEBRASKA SYNOD OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA IN ITS WORKS.

  • TO HOLD, INVEST AND DISBURSE GIFTS, GRANTS, CONTRIBUTIONS AND FUNDS IN A MANNER THAN SUPPORTS THE PURPOSES AND ACTIVITIES OF THE SUPPORTED ORGANIZATIONS AND COMMUNITY CHARITABLE ORGANIZATIONS WHOSE MISSIONS ALIGN WITH IMMANUEL.

    Expenses $5,164,342 · Grants $5,164,342

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

Listed in Part VII

  • Jill Powers

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 3 related

  • Randal Burns

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 3 related

  • Mary Parker

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Rev John Benson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 3 related

  • Rev Kathy Gerking

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Kristen Hoffman MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 3 related

  • Eric Gurley

    PRESIDENT & CEO

    Total calculated
    $893,905
    From this org
    $0
    From related orgs
    $615,818
    Other
    $278,087
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $501,480 related
    Bonus
    $0 + $102,690 related
    Other
    $0 + $11,648 related
    Deferred
    $0 + $234,276 related
    Nontaxable benefits
    $0 + $44,962 related
    Filer's total
    $0 + $895,056 related

  • Scott Bear

    CFO

    Total calculated
    $378,740
    From this org
    $0
    From related orgs
    $329,371
    Other
    $49,369
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,844 related
    Bonus
    $0 + $52,390 related
    Other
    $0 + $8,137 related
    Deferred
    $0 + $15,916 related
    Nontaxable benefits
    $0 + $34,426 related
    Filer's total
    $0 + $379,713 related

  • Emily Tonniges

    EXECUTIVE DIRECTOR

    Total calculated
    $131,585
    From this org
    $0
    From related orgs
    $115,382
    Other
    $16,203
    Hours/week
    20 + 20 related

  • Kelle Scott

    CONTROLLER

    Total calculated
    $185,007
    From this org
    $0
    From related orgs
    $161,178
    Other
    $23,829
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,399 related
    Bonus
    $0 + $13,779 related
    Other
    $0
    Deferred
    $0 + $9,217 related
    Nontaxable benefits
    $0 + $15,424 related
    Filer's total
    $0 + $185,819 related

  • Martin Smith

    DIRECTOR OF FINANCE

    Total calculated
    $196,904
    From this org
    $0
    From related orgs
    $151,240
    Other
    $45,664
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,250 related
    Bonus
    $0 + $13,990 related
    Other
    $0
    Deferred
    $0 + $9,700 related
    Nontaxable benefits
    $0 + $36,160 related
    Filer's total
    $0 + $197,100 related

  • Brian Maas

    VP OF MISSION AND SPIRITUAL CARE

    Total calculated
    $204,758
    From this org
    $0
    From related orgs
    $129,566
    Other
    $75,192
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $98,760 related
    Bonus
    $0 + $22,669 related
    Other
    $0 + $8,137 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $75,758 related
    Filer's total
    $0 + $205,324 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
THE COMPENSATED OFFICERS ARE EMPLOYEES OF IMMANUEL, A RELATED ENTITY. THE BOARD'S EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE TO REVIEW AND APPROVE THE TOTAL COMPENSATION FOR ERIC GURLEY, AND TO APPROVE THE BONUS PLAN AND PAYOUT OF BONUSES TO THE LEADERSHIP TEAM. THE COMPENSATION COMMITTEE USES AN INDEPENDENT COMPENSATION CONSULTANT TO HELP SET SALARIES AND BENEFITS.
PART I, LINE 4B
ERIC N. GURLEY, PRESIDENT & CEO, PARTICIPANTED IN AN ENDORSEMENT SPLIT-DOLLAR LIFE INSURANCE PLAN AND DEFERRED COMPENSATION PLAN THAT MEET THE REQUIREMENTS OF SECTIONS 409A AND 457(F). BOTH PLANS ARE SPONSORED BY IMMANUEL. AS OF DECEMBER 31, 2023, ERIC GURLEY'S DEFERRED COMPENSATION ACCOUNT WAS CREDITED WITH $210,126. PREMIUMS OF $157,474 WERE PAID FOR THE ENDORSEMENT SPLIT-DOLLAR LIFE INSURANCE PLAN POLICY. UNDER THE PLAN, IMMANUEL ENDORSES TO ERIC GURLEY THE RIGHT TO DESIGNATE A BENEFICIARY FOR THE PORTION OF THE DEATH BENEFIT IN EXCESS OF THE GREATER OF THE CASH SURRENDER VALUE OR PREMIUMS PAID. THE VALUE OF THAT RIGHT, WHICH WAS INCLUDED IN ERIC GURLEY'S REPORTABLE COMPENSATION, WAS $3,511. AS OF JUNE 30, 2024, THE DEATH BENEFIT IN EXCESS OF PREMIUMS PAID WAS $2,641,751.
PART I, LINE 6
THE ORGANIZATION DOES NOT PAY OR ACCRUE ANY COMPENSATION BASED ON THE REVENUES OR THE NET EARNINGS OF THE ORGANIZATION OR ANY RELATED ORGANIZATION. HOWEVER, A SMALL PERCENTAGE OF THE BONUSES PAID TO ERIC GURLEY, SCOTT BEAR, KELLE SCOTT, MARTIN SMITH, BRIAN MAAS, AND EMILY TONNIGES IS BASED ON AN OPERATING MARGIN CALCULATION OF IMMANUEL AND OTHER RELATED TAX-EXEMPT ORGANIZATIONS.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202541279349302749

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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