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Nonprofiteer
← LUTHERAN SERVICES FOR THE AGING INC

Form 990 for tax year 2023

Filed by LUTHERAN SERVICES FOR THE AGING INC.

Totals

Total revenue
$343,532
Total expenses
$202,732
Contributions and grants received
$148,130
Grants paid
$0
Program service revenue
$0
Investment income
$205,193
Other revenue
-$9,791
Total assets, end of year
$10,470,415
Total liabilities, end of year
$910
Net assets or fund balances, end of year
$10,469,505
Program services expenses (Part IX)
$191,761
Management and general expenses
$10,971
Fundraising expenses
$0
Program service expenses (Part III)
$191,761

Program services were 94.6% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $148,130

  • 1g · Noncash contributions included above

    $75,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $205,682 · excluded $205,682

  • 6b · Less rental expenses

    real property $10,000

  • 6c · Rental income or loss

    real property -$10,000 · personal property $0

  • 6d · Net rental income or loss

    total -$10,000 · related or exempt -$10,000

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

    securities $489

  • 7c · Gain or loss

    securities -$489 · other assets $0

  • 7d · Net gain or loss

    total -$489 · excluded -$489

  • 11a · Other revenue: Other Income

    total $209 · excluded $209

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $209

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,000 · management and general $1,000

  • 11f · Fees: investment management

    total $9,971 · management and general $9,971

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $86,766 · program services $86,766

  • 16 · Occupancy

    total $5,993 · program services $5,993

  • 20 · Interest

    total $1,228 · program services $1,228

  • 22 · Depreciation, depletion and amortization

    total $97,774 · program services $97,774

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $41,456 · end of year $103,212

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $242,313

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

    $21,550

  • 10c · Land, buildings and equipment, net

    beginning of year $318,538 · end of year $220,763

  • 11 · Investments: publicly traded securities

    beginning of year $8,257,133 · end of year $9,959,041

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $419,894 · end of year $187,399

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,200 · end of year $900

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $10 · end of year $10

  • 27 · Net assets without donor restrictions

    beginning of year $8,220,591 · end of year $8,875,267

  • 28 · Net assets with donor restrictions

    beginning of year $813,220 · end of year $1,594,238

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

Empowered by Christ, we walk together with all we serve.

  • LUTHERAN SERVICES FOR THE AGING, INC. (LSA) AND ITS AFFILIATED ORGANIZATIONS ARE MINISTRIES OF THE NORTH CAROLINA SYNOD OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. THE LSA MISSION STATEMENT IS, "EMPOWERED BY CHRIST, WE WALK TOGETHER WITH ALL WE SERVE." LSA OPERATES NURSING HOMES, RETIREMENT COMMUNITIES, ASSISTED LIVING RESIDENCES, AND ADULT DAY SERVICES IN ADDITION TO PROVIDING HOME CARE, AND INFORMATION AND REFERRAL SERVICES IN NORTH CAROLINA. LSA PROVIDES A MINISTRY OF CHRISTIAN CARE TO OLDER ADULTS AND ADULTS WITH DISABILITIES REGARDLESS OF FAITH, RACE, DISABILITY, OR ECONOMIC STATUS. LSA IS MADE UP OF COMPASSIONATE PEOPLE WITH LOVING SPIRITS AND GENEROUS HEARTS. RESIDENTS, TEAMMATES, CLIENTS, PARTICIPANTS, FAMILIES, AND VOLUNTEERS ALL STRIVE TO BE OF SERVICE TO GOD AND THE COMMUNITY. MANY OF THE SENIORS SERVED BY LSA HAVE BEEN SERVICE ORIENTED AND PHILANTHROPICALLY INCLINED THROUGHOUT THEIR LIVES AND CONTINUE TO SEEK OPPORTUNITIES FOR COMMUNITY SERVICE. FOR RESIDENTS OF THE RETIREMENT COMMUNITIES THOSE OPPORTUNITIES ARE ABUNDANT. RESIDENTS THERE LOG IN HUNDREDS OF VOLUNTEER HOURS FOR LOCAL CHURCHES, HABITAT FOR HUMANITY, THE ALZHEIMER'S ASSOCIATION, THE STATE VETERANS HOSPITAL, FUNDRAISING FOR CANCER RESEARCH, LITERACY COUNCILS, LOCAL HOSPITALS, FOOD PANTRIES, HOMELESS SHELTERS, THE UNITED WAY, AND MENTORING PROJECTS FOR LOCAL ELEMENTARY SCHOOLS. THEY HAVE PACKED BOXES FOR SAMARITAN'S PURSE, GATHERED COATS FOR KIDS AND COLLECTED CANNED GOODS FOR FOOD PANTRIES. THEY HAVE SEWN, KNITTED, CROCHETED, AND QUILTED COUNTLESS ITEMS FOR CAUSES THROUGHOUT THE STATE AND BEYOND. RESIDENTS OF THE LSA NURSING HOMES AND ADULT DAY SERVICES MAY BE LESS VISIBLE BUT ARE EQUALLY COMMITTED TO COMMUNITY SERVICE. SUPPORTED BY TEAMMATES AND VOLUNTEERS, THEY HAVE HELD BLOOD DRIVES, THEY HAVE HOSTED BREAKFASTS FOR FIRE, POLICE, AND EMERGENCY SERVICE PERSONNEL, COLLECTED SCHOOL SUPPLIES FOR KIDS, AND ADOPTED NEEDY FAMILIES AT CHRISTMAS. THEY, TOO, HAVE LOGGED IN HUNDREDS OF HOURS IN PROJECTS FOR LOCAL SCHOOLS AND HOSPITALS, THE ARC, THE ALZHEIMER'S ASSOCIATION, MEALS-ON-WHEELS, THE HUMANE SOCIETY, THE AMERICAN RED CROSS, THE UNITED WAY, AND MORE. LSA ALSO SERVES ITS COMMUNITIES BY WORKING COLLABORATIVELY WITH COLLEGES AND UNIVERSITIES THROUGHOUT NORTH CAROLINA INCLUDING CATAWBA AND LIVINGSTONE COLLEGES; CATAWBA VALLEY, GASTON, ROWAN-CABARRUS, STANLY, CALDWELL AND FORSYTH COMMUNITY COLLEGES; APPALACHIAN STATE, WINSTON-SALEM STATE, LENOIR-RHYNE AND DUKE UNIVERSITIES; AND THE UNIVERSITY OF NORTH CAROLINA AND HOOD THEOLOGICAL SEMINARY. THESE COLLABORATIVE EFFORTS FOSTER GROWTH AND COOPERATION, AND ULTIMATELY IMPROVE THE QUALITY OF LIFE FOR THE INSTITUTIONS AND THE COMMUNITIES. LSA ALSO ENCOURAGES COMMUNITY MEMBERS TO SEEK VOLUNTEER, EDUCATIONAL, AND SPIRITUAL OPPORTUNITIES THROUGH ITS MINISTRIES. THE MINISTRIES OF LSA ARE ACTIVE, BUSY PLACES WHERE MULTIPLE GENERATIONS MEET IN A SPIRIT OF FUN, FELLOWSHIP AND COOPERATION. COMMUNITY EDUCATION OPPORTUNITIES ARE ALWAYS AVAILABLE ON TOPICS SUCH AS ADULT DAY CARE, ALZHEIMER'S DISEASE, MEDICAID, MEDICARE, HEALTHCARE DIRECTIVES AND MORE.

    Expenses $191,761 · Revenue -$10,000

As filed on the 2023 return.

Listed in Part VII

  • Ted Goins

    President/CEO

    Total calculated
    $429,211
    From this org
    $0
    From related orgs
    $416,053
    Other
    $13,158
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $414,238 related
    Bonus
    $0 + $1,275 related
    Other
    $0 + $540 related
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $6,558 related
    Filer's total
    $0 + $429,211 related

  • Anna Yonge

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Van Horn

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Capri Foy

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cary M Grant

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Turner

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Doug Nelson

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Frances R Lamb

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gregory Hudgins

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Hoang Nguyen

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joel Miller

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kaye R Leonard

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary Finklea

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Renee Rogers

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rick Herman

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Shanitria Cuthbertson

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sharon Graeber

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sylvia Flack

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tami Hefner

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Will Rose

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Karen Maddry

    Executive Assistant

    Total calculated
    $94,526
    From this org
    $0
    From related orgs
    $84,479
    Other
    $10,047
    Hours/week
    1 + 40 related

  • Kirby Nickerson

    Chief Financial Officer

    Total calculated
    $301,903
    From this org
    $0
    From related orgs
    $286,055
    Other
    $15,848
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,315 related
    Bonus
    $0 + $10,200 related
    Other
    $0 + $540 related
    Deferred
    $0 + $5,840 related
    Nontaxable benefits
    $0 + $10,008 related
    Filer's total
    $0 + $301,903 related

  • Kesha Smith

    Chief Operating Officer

    Total calculated
    $295,440
    From this org
    $0
    From related orgs
    $280,725
    Other
    $14,715
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,785 related
    Bonus
    $0 + $15,400 related
    Other
    $0 + $540 related
    Deferred
    $0 + $5,385 related
    Nontaxable benefits
    $0 + $9,330 related
    Filer's total
    $0 + $295,440 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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202522269349302087

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