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Nonprofiteer
← AUGSBURG LUTHERAN HOME OF MD INC

Form 990 for tax year 2024

Filed by AUGSBURG LUTHERAN HOME OF MD INC.

Totals

Total revenue
$678,305
Total expenses
$1,173,241
Contributions and grants received
$18,030
Grants paid
$0
Program service revenue
$75,390
Investment income
$584,585
Other revenue
$300
Total assets, end of year
$814,346
Total liabilities, end of year
$356,708
Net assets or fund balances, end of year
$457,638
Program services expenses (Part IX)
$1,173,241
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,173,241

Program services were 100.0% 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

    $18,030

  • 2a · Program service revenue: NET RESIDENT SERVICE

    total $75,390 · related or exempt $75,390

  • 3 · Investment income

    total $51,338 · excluded $51,338

  • 7a · Gross sales of assets other than inventory

    securities $533,247

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

    securities $0

  • 7c · Gain or loss

    securities $533,247

  • 7d · Net gain or loss

    total $533,247 · excluded $533,247

  • 11a · Other revenue: CAFETERIA INCOME

    total $217 · excluded $217

  • 11b · Other revenue: HAIR CARE REVENUE

    total $83 · excluded $83

  • 11e · Other revenue, total

    $300

Functional expenses

Part IX, the statement of functional expenses.

  • 10 · Payroll taxes

    total -$150,000 · program services -$150,000

  • 11a · Fees: management

    total $1,494,190 · program services $1,494,190

  • 11f · Fees: investment management

    total $1,621 · program services $1,621

  • 16 · Occupancy

    total -$144,236 · program services -$144,236

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $84,254 · program services $84,254

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total -$5,336 · program services -$5,336

  • 24c · Other expenses: BAD DEBT EXPENSE

    total -$27,742 · program services -$27,742

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total -$79,510 · program services -$79,510

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $563,047 · end of year $89,765

  • 3 · Pledges and grants receivable

    beginning of year $40,926 · end of year $32,770

  • 4 · Accounts receivable

    beginning of year $1,928,916 · end of year $100

  • 11 · Investments: publicly traded securities

    beginning of year $5,512,126 · end of year $685,748

  • 15 · Other assets

    beginning of year $722,798 · end of year $5,963

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,486,069 · end of year $311,644

  • 25 · Other liabilities

    beginning of year $0 · end of year $45,064

  • 27 · Net assets without donor restrictions

    beginning of year $5,614,183 · end of year -$262,835

  • 28 · Net assets with donor restrictions

    beginning of year $667,561 · end of year $720,473

Mission and programs · 2024

Mission

THE AUGSBURG ACORN FOUNDATION AIMS TO BUILD FINANCIAL RESOURCES THROUGH TAX DEDUCTIBLE GIFTS THAT WILL SUPPORT A BENEVOLENT CARE PROGRAM.

  • UNTIL 2024, AUGSBURG WAS OPERATED AS A FAITH-BASED, NOT-FOR-PROFIT COMMUNITY AFFILIATED WITH THE EVANGELIC LUTHERAN CHURCH IN AMERICA AND THE LUTHERAN CHURCH MISSOURI SYNOD. AS THE TRANSITION TO A NEW OWNER OCCURRED, IT WAS PURPOSED THAT THE AUGSBURG ACORN FOUNDATION WOULD CONTINUE THE TRADITION OF GIVING TO THOSE IN NEED OF FINANCIAL SUPPORT IN THEIR HOUSING.AS A FAITH-BASED MINISTRY WITH MORE THAN A CENTURY OF SERVING OLDER ADULTS, WE BELIEVE WE ARE CALLED TO PROVIDE SUPPLEMENTAL FINANCIAL SUPPORT TO RESIDENTS WHO HAVE BEEN GOOD FINANCIAL STEWARDS YET HAVE OUTLIVED THEIR RESOURCES AND CAN NO LONGER AFFORD THE SERVICES OR CARE THEY NEED.THE AUGSBURG ACORN FOUNDATION AIMS TO BUILD FINANCIAL RESOURCES THROUGH TAX DEDUCTIBLE GIFTS THAT WILL SUPPORT A BENEVOLENT CARE PROGRAM.MANAGED BY NATIONAL LUTHERAN COMMUNITIES & SERVICES, THIS BENEVOLENT CARE PROGRAM WILL PROVIDE FINANCIAL SUPPORT FOR THOSE CURRENTLY ON BENEVOLENT CARE AT AUGSBURG AND THOSE WHO MAY NEED FINANCIAL SUPPORT IN THE FUTURE, EITHER AS RESIDENTS AT AUGSBURG OR OTHER MEMBERS OF OUR CONGREGATIONS IN THE BALTIMORE REGION.

    Expenses $1,173,241 · Revenue $75,390

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ALBERT E LIETZAU IV

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JAMES MILTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REV MEHERET CARUTHERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA WALTERS

    PRESIDENT/CEO

    Total calculated
    $497,990
    From this org
    $0
    From related orgs
    $466,897
    Other
    $31,093
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,313 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $1,584 related
    Deferred
    $0 + $13,339 related
    Nontaxable benefits
    $0 + $17,754 related
    Filer's total
    $0 + $497,990 related

  • DONNA CASNER

    VICE PRESIDENT FINANCE

    Total calculated
    $239,617
    From this org
    $0
    From related orgs
    $221,190
    Other
    $18,427
    Hours/week
    7.5 + 32.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,997 related
    Bonus
    $0 + $10,641 related
    Other
    $0 + $552 related
    Deferred
    $0 + $8,169 related
    Nontaxable benefits
    $0 + $10,258 related
    Filer's total
    $0 + $239,617 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

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 3
THE ORGANIZATION'S CEO IS PAID BY NATIONAL LUTHERAN, INC. NATIONAL LUTHERAN, INC. 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 7
BONUS COMPENSATION IS PAID IN ACCORDANCE WITH THE ORGANIZATION'S COMPENSATION PHILOSOPHY POLICY, WHICH INCLUDES OPTIONS SUCH AS DISCRETIONARY AND SPOT BONUSES BASED ON INDIVIDUAL OR COMPANY PERFORMANCE.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
4 August 2025
IRS schema version
2024v5.2
Source object
202532179349301523

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