Form 990 for tax year 2022

Totals

Total revenue

$645,929

Total expenses

$381,624

Contributions and grants received

$514,602

Grants paid

$121,955

Program service revenue

$0

Investment income

$117,899

Other revenue

$13,428

Total assets, end of year

$3,698,079

Total liabilities, end of year

$195

Net assets or fund balances, end of year

$3,697,884

Program services expenses (Part IX)

$132,032

Management and general expenses

$249,592

Fundraising expenses

$0

Program service expenses (Part III)

$132,032

Program services were 34.6% 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.

Mission and programs · 2022

• The Knute Nelson Foundation supports Knute Nelson by securing philanthropic funds to advance our mission of "enriching the lives of everyone we serve." Generous individuals and organizations have invested in the mission of Knute Nelson. Their contributions help sustain the programs of excellence upon which Knute Nelson flourishes and provide the necessary funds for pursuing new and innovative care for aging adults Knute Nelson serves throughout our continuum. It is through the tremendous giving of our donors and volunteers that Knute Nelson has been able to provide above-and-beyond enrichment in every aspect of our organization. (Continued on Schedule O)In this last fiscal year, several initiatives that were realized as a result of charitable support include:*Hospice Services: Providing enriching services and essential cares to those who are terminally ill. Examples of enriching services include music therapy, healing touch, massage therapy, and essential oil therapy. Care for their families include bereavement support for 13 months after their loved one passes away on Knute Nelson Hospice services and the option to attend grief groups facilitated by our Hospice spiritual care team. *Enhancing and Enriching Equipment: Equipment purchases last fiscal year enhanced the quality of care provided to older adults, as well as enhancing our offerings to our wellness members. Examples include: APM mattresses that reduce pressure ulcers for Care Center residents, popcorn machine for assisted living residents, grief toolboxes for Hospice patients and their families, INR machines so our team can better determine and diagnose any blood clotting issues in Home Health patients, and table tennis supplies and other accessible fitness supplies for Wellness. *Resident Activities: Providing special, enriching entertainment opportunities to build community for residents. Examples include performances by local theatre companies, musical entertainers, style shows and more.*Endowment/Unrestricted: Giving to the endowment fund allows Knute Nelson to allocate funds to our greatest mission need. *Chaplaincy and Spiritual Care Program: Supporting residents on their faith journey with essential programming, such as visits from our chaplains, Bible study, Sunday church services in our various Knute Nelson facilities, and coordination between our spiritual care staff and the resident's home church.*Caregiver Scholarships: Funding directed for caregiving staff to pursue their education within the field of health care. This could include CNA certification, LPN, or RN training. It also includes specific certifications such as wound care or lymphedema training. *Equipping Leaders with Scholarships: Supporting all employees with vital learning opportunities and education. Examples of past scholarships include: supporting a leader getting a Master's of Public Health, allowing spiritual care staff to attend bereavement training or pursue higher education in theology, and providing funds for Bachelor's completer programs for corporate staff. *Benevolence Care: We do not turn anyone away for an inability to pay for the care they need. Contributions from our donors help us support those who have outlived their resources and provide them with the highest quality care and services. All gifts are tax-deductible to the full extent as the law permits. The Knute Nelson Foundation is recognized as a 501 (c)(3) not-for-profit 509 (a)(3) supporting organization of the Internal Revenue Code.

  Expenses $132,032 · Grants $121,955

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

Listed in Part VII

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

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

• Knute Nelson

  $84,789

  General operating support

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.

• Knute Nelson

  501(c)(3) · long-term care · MN

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.

Provenance

Return type

form_990

Tax year

2022

Filed

12 August 2024

IRS schema version

2022v5.0

Source object

202442289349300844

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