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← CONCORDIA LUTHERAN MINISTRIESFOUNDATION

Form 990 for tax year 2024

Filed by CONCORDIA LUTHERAN MINISTRIESFOUNDATION.

Totals

Total revenue
$41,077,343
Total expenses
$16,798,213
Contributions and grants received
$22,150,979
Grants paid
$16,051,676
Program service revenue
$2,596,187
Investment income
$16,343,438
Other revenue
-$13,261
Total assets, end of year
$308,045,720
Total liabilities, end of year
$643,808
Net assets or fund balances, end of year
$307,401,912
Program services expenses (Part IX)
$16,082,676
Management and general expenses
$476,704
Fundraising expenses
$238,833
Program service expenses (Part III)
$16,082,676

Program services were 95.7% 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.

  • 1a · Federated campaigns

    $23,276

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $212,722

  • 1d · Related organizations

    $21,580,000

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $334,981

  • 1g · Noncash contributions included above

    $23,105

  • 2a · Program service revenue: General Donations

    total $588,277 · related or exempt $588,277 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Angel Tear Donations

    total $26,839 · related or exempt $26,839 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Endowment Fund Donations

    total $1,776,071 · related or exempt $1,776,071 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Permanently Restricted Donations

    total $205,000 · related or exempt $205,000 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $10,879,351 · related or exempt $10,879,351 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $64,224,670 · other assets $0

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

    securities $58,760,583 · other assets $0

  • 7c · Gain or loss

    securities $5,464,087 · other assets $0

  • 7d · Net gain or loss

    total $5,464,087 · related or exempt $5,464,087 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $68,094

  • 8a · Fundraising events: contributions included on line 1c

    $212,722

  • 8b · Fundraising events: direct expenses

    $81,355

  • 8c · Net income from fundraising events

    total -$13,261 · unrelated business $0 · excluded -$13,261

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,051,676 · program services $16,051,676

  • 11a · Fees: management

    total $372,802 · management and general $189,802 · fundraising $183,000

  • 11b · Fees: legal

    total $1,278 · management and general $1,278

  • 11c · Fees: accounting

    total $16,027 · management and general $16,027

  • 11f · Fees: investment management

    total $215,096 · management and general $215,096

  • 11g · Fees: other

    total $26,744 · management and general $1,124 · fundraising $25,620

  • 12 · Advertising and promotion

    total $15,782 · management and general $15,782

  • 13 · Office expenses

    total $29,546 · management and general $16,991 · fundraising $12,555

  • 16 · Occupancy

    total $300 · fundraising $300

  • 17 · Travel

    total $2,481 · management and general $124 · fundraising $2,357

  • 19 · Conferences, conventions and meetings

    total $5,629 · management and general $3,073 · fundraising $2,556

  • 22 · Depreciation, depletion and amortization

    total $542 · management and general $542

  • 23 · Insurance

    total $11,320 · management and general $11,320

  • 24a · Other expenses: Scholarships

    total $31,000 · program services $31,000 · management and general $0 · fundraising $0

  • 24b · Other expenses: Indirect Fundraising Expenses

    total $7,229 · program services $0 · management and general $0 · fundraising $7,229

  • 24e · All other expenses

    total $10,761 · management and general $5,545 · fundraising $5,216

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,537,609 · end of year $7,394,468

  • 4 · Accounts receivable

    beginning of year $190,006 · end of year $42,445

  • 7 · Other notes and loans receivable

    beginning of year $17,193,753 · end of year $22,362,295

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,175 · end of year $101,310

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

    $10,456

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

    $8,998

  • 10c · Land, buildings and equipment, net

    beginning of year $2,000 · end of year $1,458

  • 11 · Investments: publicly traded securities

    beginning of year $238,158,983 · end of year $278,143,744

  • 17 · Accounts payable and accrued expenses

    beginning of year $393,624 · end of year $419,553

  • 18 · Grants payable

    beginning of year $25,482 · end of year $19,970

  • 19 · Deferred revenue

    beginning of year $178,468 · end of year $204,285

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $246,537,704 · end of year $286,209,497

  • 28 · Net assets with donor restrictions

    beginning of year $17,020,248 · end of year $21,192,415

Mission and programs · 2024

Mission

The organization's exempt purpose is to manage the raising, receiving, and expending of funds in furtherance of the mission statement & corporate promises of the following 501(c)(3)'s: Concordia Lutheran Health and Human Care (EIN 25-0969458), Concordia Visiting Nurses (EIN 42-1704067), Concordia Lutheran Ministries of Pittsburgh (EIN 27-0209886), Rebecca Residence (EIN 25-0974311), Concordia Tele-Caregivers (EIN 25-1881783), Concordia of Ohio (EIN 61-1682165), Concordia Visiting Nurses of Ohio (EIN 46-3845269), Concordia of Monroeville (EIN 25-1475192), Cedars Home Health Services (EIN 25-1875508), Concordia Hospice on Washington (EIN 81-2448411), Concordia Physician Practice (EIN 47-3951584), Good Samaritan Hospice of Pittsburgh (EIN 25-1818793),Concordia Medical Equipment (EIN 20-4386767), Concordia of Florida (EIN 37-1869372), Bethlen Home of the Hungarian Reformed Federation of America (EIN 25-0981135), and Visiting Nurse Association of Indiana County (EIN 23-7042932).

Activities or mission (Part I)

The organization's primary exempt purpose is to raise and receive funds in furtherance of the mission and purposes of affiliate 501(c)(3) organizations and to provide support for community 501(c)(3) organizations through Angel Tear Ministries.

  • The Concordia Lutheran Ministries Foundation is the primary charitable outreach arm for the Concordia Lutheran Ministries network of companies (Concordia). In addition to supporting nearly 100 unique third-party organizations, the organization also helps support the operations of the other Concordia Lutheran Ministries companies within the network. These donations to affiliated organizations (listed in Part III, Line 1 and Schedule A) support the mission and purpose of those organizations by increasing the quality of care and quality of life in a Christian environment for all those being served. Through the use of these funds, related organizations have been able to establish a scholarship program for employees, help support adult day services within the network, and help fund Christmas parties at various locations during the year. Historically, grants and donations to related organization have been for the purpose of assisting in the acquisition of new locations and funding the construction of therapy gyms and chapels at various locations. Donors also contribute to the organization on the behalf of the related entities; donations of $421,136 were received by Concordia Lutheran Ministries Foundation on behalf of our affiliate organizations.

    Expenses $12,984,909 · Grants $161,804 · Revenue $421,136

  • The Angel Tear Ministries Fund was established for the purpose of assisting third-party 501(c)(3) organizations to better serve both domestic and foreign communities through Christ-centered programs that provide food, housing, education, and medical care to underserved and underprivileged children and families. Nearly 100 organizations were assisted during fiscal year 2025 including missions supported in over 30 countries and 15 churches. These grants include the funding of care to 1,404 children in Kenya and Ethiopia who have primarily been affected by the AIDs epidemic through Compassion International. Closer to home, the funds are used by organizations to operate soup kitchens, homeless shelters, afterschool programs, and ministry programs. Additionally, assisting those affected by natural disasters has been a core tenant of the organizations mission and the organization has donated to countless organizations to assist in recover effects after natural disasters. The Angel Tears Program houses a $100,000 discretionary fund that is used to help local area organizations and families with fundraising and/or hardship situations. Donations of $26,839 were received to the Angel Tear Ministries Fund.

    Expenses $2,392,939 · Grants $2,013,645 · Revenue $26,839

  • The Good Samaritan Endowment Fund was established to assist Concordia in fulfilling its charitable mission by helping supplement the organization to allow for more benevolent care for residents with financial needs due to the exhaustion of funds. The fund has been supported through gifts from Concordia, gifts from gracious patients and their family members, and by gifts from the employees of Concordia. $1,776,071 in donations were received and restricted to the Good Samaritan Endowment Fund during the fiscal year. Concordia has a philosophy of providing care to residents regardless of their ability to pay and provided $4,113,641 in benevolent care in fiscal year 2025. The recipients of charity care reside in all levels of care and include residents served in skilled nursing, personal care, and independent living. In its nearly 140-year history, the organization has never discharged a resident for an in ability to pay. Concordia views benevolent care as a core tenant of its mission and would provide charity care even if the fund did not exist; but due to the support of the fund, Concordia can provide significantly more care to those in need compared to if the entire shortfall due to the benevolent care had to be offset with excesses from other operations.

    Expenses $611,475 · Revenue $1,776,071

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $93,353 · Revenue $205,000

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Keith Frndak-See Schedule O

    Chair/President

    Total calculated
    $905,273
    From this org
    $0
    From related orgs
    $868,055
    Other
    $37,218
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $665,405 related
    Bonus
    $0 + $202,650 related
    Other
    $0
    Deferred
    $0 + $22,425 related
    Nontaxable benefits
    $0 + $14,793 related
    Filer's total
    $0 + $905,273 related

  • Brian Hortert-See Schedule O

    Board Member

    Total calculated
    $551,892
    From this org
    $0
    From related orgs
    $515,213
    Other
    $36,679
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $421,478 related
    Bonus
    $0 + $57,150 related
    Other
    $0 + $36,585 related
    Deferred
    $0 + $19,715 related
    Nontaxable benefits
    $0 + $16,964 related
    Filer's total
    $0 + $551,892 related

  • Michael Falbo-See Schedule O

    Secretary/Treasurer

    Total calculated
    $358,686
    From this org
    $0
    From related orgs
    $325,614
    Other
    $33,072
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,520 related
    Bonus
    $0 + $26,250 related
    Other
    $0 + $18,844 related
    Deferred
    $0 + $19,618 related
    Nontaxable benefits
    $0 + $13,454 related
    Filer's total
    $0 + $358,686 related

  • Tammy Young-See Schedule O

    Board Member

    Total calculated
    $274,253
    From this org
    $0
    From related orgs
    $258,832
    Other
    $15,421
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,813 related
    Bonus
    $0 + $11,750 related
    Other
    $0 + $17,269 related
    Deferred
    $0 + $15,128 related
    Nontaxable benefits
    $0 + $293 related
    Filer's total
    $0 + $274,253 related

  • Misty Ingram-See Schedule O

    Board Member

    Total calculated
    $191,549
    From this org
    $0
    From related orgs
    $167,705
    Other
    $23,844
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,055 related
    Bonus
    $0 + $4,650 related
    Other
    $0
    Deferred
    $0 + $11,452 related
    Nontaxable benefits
    $0 + $12,392 related
    Filer's total
    $0 + $191,549 related

  • Conor Hagey-See Schedule O

    Board Member

    Total calculated
    $131,738
    From this org
    $0
    From related orgs
    $110,596
    Other
    $21,142
    Hours/week
    1 + 44 related

  • Tim Temple-See Schedule O

    Board Member

    Total calculated
    $121,981
    From this org
    $0
    From related orgs
    $106,835
    Other
    $15,146
    Hours/week
    1 + 44 related

  • Adam Toncini-See Schedule O

    Board Member

    Total calculated
    $115,491
    From this org
    $0
    From related orgs
    $100,812
    Other
    $14,679
    Hours/week
    1 + 44 related

  • Leonard Quimby-See Schedule O

    Board Member

    Total calculated
    $47,506
    From this org
    $0
    From related orgs
    $41,785
    Other
    $5,721
    Hours/week
    1 + 44 related

  • Rev Ronald Breight

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Rande Casaday

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Don Olmstead

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Schmidt

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jim Wolf

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Rev Jamison Hardy

    Board Member

    Total calculated
    $0
    Hours/week
    1

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)

Schedule J, Part I, Line 3
The Executive Committee of Concordia Lutheran Ministries (Parent) (EIN 20-5138278) approves the compensation of the Chief Executive Officer (CEO) annually through his employer Concordia Care Network (CCN) (EIN 47-3508524). Compensation includes base compensation, bonuses, and other fringe benefits such as health insurance. The committee uses data from state and national associations for organizations of similar size to compare compensation. Executive Committee decisions for CEO compensation are communicated to the Chief Financial Officer. Compensation for key employees is determined by the CEO. Data from state and national associations is used for comparison purposes.
Schedule J, Part I, Line 4
Affiliate, Concordia Care Network (CCN) (EIN 47-3508524) participates in a non-qualified 457 deferred compensation plan for certain highly compensated employees of the Organization. The Concordia Lutheran Ministries (EIN 20-5138278) Board of Directors and CEO approve all participants who are enrolled in the plan. Contributions are deferred and will fully vest in five years. Once disbursed, contributions will appear in Box 5 of the participant's W-2. In the calendar year 2024 the following participants were enrolled in the plan: Michael Falbo, Brian Hortert, Keith Frndak, Misty Ingram, Tammy Young, Tim Temple, and Adam Toncini.
Schedule J, Part II
All board members of Concordia Lutheran Ministries Foundation serve on a purely volunteer basis. Any compensation to a board member by a related organization, reported on Part VII and Schedule J, is for his/her service as an employee of that organization and not for his/her service as a board member.

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Providence Pharmacy Services

    Related · Provides institutional pharmacy & consulting services. · PA · 0% owned

    Directly controlled by Concordia Providence LLC 20-5138278

Provenance

Return type
form_990
Tax year
2024
Filed
20 April 2026
IRS schema version
2024v5.0
Source object
202621109349301077

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