Luther Memorial Home Founders Fund in Madelia, Minnesota (MN)

Luther Memorial Home Founders Fund
Employer Identification Number (EIN)	411472019
Name of Organization	Luther Memorial Home Founders Fund
Address	221 6th St Sw, Madelia, MN 56062-1626
Activities	Gifts, grants, or loans to other organizations
Subsection	Charitable Organization
Ruling Date	02/1984
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	09/2013
Assets	$100,000 to $499,999
Income	$100,000 to $499,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$480,404
Amount of Income	$173,100
Form 990 Revenue Amount	$173,100
National Taxonomy of Exempt Entities (NTEE)	Health - General and Rehabilitative: Single Organization Support

Non-representatives - add comments:

Amount of income in 2013: $173,100

Luther Memorial Home Founders Fund:	$173,100
Other organizations performing similar types of work:	$6,088,020

Assets in 2013: $480,404

Luther Memorial Home Founders Fund:	$480,404
Other organizations performing similar types of work:	$26,323,448

Expenses in 2013: $10,289

Luther Memorial Home Founders Fund:	$10,289
Other organizations performing similar types of work:	$1,941,347

Income to expenses ratio in 2013: 16.8

This organization:	16.8
Other organizations performing similar types of work:	2.7

Expenses allocated to program services in 2007: 97.4%

This organization:	97.4%
Other organizations performing similar types of work:	84.3%

Grants share in income in 2013: 91.2%

Luther Memorial Home Founders Fund:	91.2%
Other organizations performing similar types of work:	18.7%

Financial snapshot ($)

Revenue for 2013

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$16,922	$25,307	$173,100
Contributions, gifts, grants, and similar amounts received	$11,008	$19,854	$157,796
Program service revenue including government fees and contracts	$0	$0	$0
Membership dues and assessments	$0	$0	$0
Investment income	$5,914	$5,306	$15,304
Gain/Loss from sale of assets other than inventory	$0	$0	$0
Net income/loss from gaming and fundraising events	$0	$0	$0
Gross profit/loss from sales of inventory	$0	$0	$0
Other revenue	$0	$147	$0
Total expenses	$6,110	$13,974	$10,289
Total net assets	$288,662	$317,593	$480,404
Excess/Deficit for the year	$10,812	$11,333	$162,811
Net assets or fund balances at beginning of year	$290,673	$288,662	$317,593
Other changes in net assets or fund balances	$-12,823	$17,598	$0
Net assets or fund balances at end of year		$317,593	$480,404

	2011	2012	2013
Balance Sheets
Total assets	$288,662	$317,593	$480,404
Total liabilities	$0	$0	$0
Net assets or fund balances	$288,662	$317,593	$480,404

	2011	2012	2013
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?		No	No
Were any significant changes made to the organizing or governing documents?		No	No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities	No	No	No
Has the organization filed a Form 990-T for the year?		No	No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?		No	No
Amount of political expenditures, direct or indirect		$0	$0
Did the organization file Form 1120-POL for this year?		No	No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?		No	No
Total amount involved		$0	$0
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?		No	No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?		No	No

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported	1
Sum of amounts of support	$7,915

	2000	2002	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$45,143	$167,118	$57,349	$25,875
Contributions, gifts, grants, and similar amounts received	$16,171	$150,412	$45,277	$14,507
Contributions to donor advised funds			$0	$0
Direct public support	$9,606	$150,412	$45,277	$14,507
Indirect public support	$6,565	$0	$0	$0
Government contributions (grants)	$0	$0	$0	$0
Program service revenue including government fees and contracts	$0	$0	$0	$0
Membership dues and assessments	$0	$0	$0	$0
Interest on savings and temporary cash investments	$28,972	$4,584	$12,072	$11,368
Dividends and interest from securities	$0	$0	$0	$0
Net rental income or (loss)	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$12,122	$0	$0
Gross amount from sales of assets other than inventory	$0	$100,555	$0	$0
Less: cost or other basis and sales expenses	$0	$88,433	$0	$0
Net income or (loss) from special events and activities	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0
Total expenses	$8,951	$117,050	$11,585	$27,642
Program services	$8,150	$115,839	$10,850	$26,923
Management and general	$801	$1,211	$735	$719
Fundraising	$0	$0	$0	$0
Payments to affiliates	$0	$0	$0	$0
Net assets or fund balances at end of year	$244,048	$287,238	$269,361	$252,351
Excess or (deficit) for the year	$36,192	$50,068	$45,764	$-1,767
Net assets or fund balances at beginning of year	$276,912	$233,647	$224,617	$269,361
Other changes in net assets or fund balances	$-69,056	$3,523	$-1,020	$-15,243

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$27,642	$26,923	$719	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$26,923
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$70	$0	$70	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$0	$0	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$0	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$0	$0	$0	$0
Supplies	$0	$0	$0	$0
Telephone	$0	$0	$0	$0
Postage and shipping	$0	$0	$0	$0
Occupancy	$0	$0	$0	$0
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$0	$0	$0	$0
Other expenses not covered above	$649	$0	$649	$0

	2000	2002	2006	2007
Balance Sheets
Total assets	$244,048	$287,238	$269,361	$252,351
Cash - non-interest-bearing	$9,669	$141,102	$10,876	$2,516
Savings and temporary cash investments	$26,014	$38,339	$135,782	$135,809
Accounts receivable less allowance for doubtful accounts	$0	$0	$0	$0
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)			$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0
Prepaid expenses and deferred charges	$0	$0	$0	$0
Investments - publicly-traded securities			$0	$0
Investments - other securities	$208,365	$107,797	$122,703	$114,026
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0
Other assets, including program-related investments	$0	$0	$0	$0
Total liabilities	$0	$0	$0	$0
Accounts payable and accrued expenses	$0	$0	$0	$0
Grants payable	$0	$0	$0	$0
Deferred revenue	$0	$0	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0	$0
Other liabilities	$0	$0	$0	$0
Total liabilities and net assets/fund balances	$244,048	$287,238	$269,361	$252,351
Total net assets or fund balances	$244,048	$287,238	$269,361	$252,351

	2000	2002	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$45,143	$167,118	$57,349	$25,875
Total revenue, gains, and other support per audited financial statements	$-23,913	$170,641	$56,329	$21,361
Other expenses	$-69,056	$3,523	$-1,020	$0
Net unrealized gains on investments	$0	$3,523	$-1,020	$0
Donated services and use of facilities	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0
Other	$-69,056	$0	$0	$0
Other revenue	$0	$0	$0	$4,514
Investment expenses	$0	$0	$0	$0
Other	$0	$0	$0	$4,514

	2000	2002	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$8,951	$117,050	$11,585	$27,642
Total expenses and losses per audited financial statements	$8,951	$117,050	$11,585	$23,780
Other revenue	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0
Losses	$0	$0	$0	$0
Other	$0	$0	$0	$0
Other expenses	$0	$0	$0	$3,862
Investment expenses	$0	$0	$0	$0
Other	$0	$0	$0	$3,862

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
1	$35	$0	$0
1	$35	$0	$0

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	No

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$11,368	$0
Program service revenue
Program service revenue 1	000000	$0	00	$0	$0
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$11,368	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Not controlled by disqualified persons/supports non private foundation
Type of supporting organization	Type II

Employer identification number (EIN)	Name of organization	Is the supported organization listed in the supporting organization's governing documents?	Amount of support
Information about the supported organizations
410826784	Luther Memorial Home	Yes	$26,923
Total			$26,923

	1999	2001	2005	2006
Support Schedule
Total	$32,878	$14,997	$0	$0
Gifts, grants, and contributions received	$21,937	$10,064	$0	$0
Membership fees received	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$10,941	$4,933	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0
Other income	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Mayo Clinic	200 1st St Sw, Rochester, MN 55905-0001	MN	2000-02	$1,968,797,516
2	Boston Medical Center Health Plan Inc	2 Copley Place, Boston, MA 02116-6502	MA	2000-07	$1,372,748,755
3	Courage Foundation, 10083	PO BOX 43, Minneapolis, MN 55440-0043	MN	1965-06	$43,122,269
4	Fairview Foundation	2450 Riverside Ave, Minneapolis, MN 55454-1450	MN	1987-10	$9,363,612
5	Cloquet Community Memorial Hospital Foundation	C/O Joe Beaupre 512 Skyline Blvd, Cloquet, MN 55720	MN	1988-09	$922,513
6	Fairview Health Services Auxiliary	6401 France Ave S, Edina, MN 55435-2104	MN	1982-01	$381,744
7	Luther Memorial Home Founders Fund	221 6th St Sw, Madelia, MN 56062-1626	MN	1984-02	$173,100
8	Caresource Management Group Co	230 N Main St, Dayton, OH 45402-1263	OH	2003-06	$387,634,367
9	Healthpartners Research & Education, Healthpartners Institute For Educat	PO BOX 1309, Minneapolis, MN 55440-1309	MN	1990-09	$24,418,985
10	Yakima Valley Memorial Hospital Charitable Foundation	2701 Tieton Dr, Yakima, WA 98902-3759	WA	1978-09	$4,387,844
11	Southeastern Regional Medical Center Foundation	PO BOX 1408, Lumberton, NC 28359-1408	NC	1999-09	$1,084,933
12	St Tammany Hospital Guild Inc	1202 S Tyler St, Covington, LA 70433-2330	LA	1999-11	$186,485
13	Trump Group-Green Foundation	4000 W Island Blvd Ph 2, Aventura, FL 33160-2540	FL	2002-10	$42
14	Bellevue Hospital Association	1400 West Main Street, Bellevue, OH 44811-9088	OH	2003-08	$0
15	Circus To Save Lives Inc	1103 Grand Prix Dr, St Charles, MO 63303-6313	MO	2008-01	$0
16	Hertzler Halstead Hospital Auxiliary Inc	710 Pine St, Halstead, KS 67056-2422	KS	2001-03	$0
17	Lourdes Campus Fund	2300 Watkins Lake Rd, Waterford, MI 48328-1439	MI	1946-03	$0
18	Man Area Health Care Incorporated	26 1/2 Main Ave, Logan, WV 25601-3331	WV	2003-03	$0
19	Providing Every American Child Education And Well Being Organizat, P E A C E And Well Being Organizati	PO BOX 150716, Austin, TX 78715-0716	TX	2001-03	$0
20	Smithville Regional Hospital Auxiliary	Po Box 764, Smithville, TX 78957	TX	1999-07	$0

Number of organizations performing similar types of work

Alaska	1
Alabama	5
Arkansas	5
Arizona	2
California	36
Colorado	8
Connecticut	10
District of Columbia	2
Delaware	1
Florida	18
Georgia	5
Hawaii	3
Iowa	10
Idaho	2
Illinois	25
Indiana	10
Kansas	5
Kentucky	4
Louisiana	9
Massachusetts	13
Maryland	18
Maine	6
Michigan	12
Minnesota	7

Missouri	13
Mississippi	3
North Carolina	15
North Dakota	1
Nebraska	5
New Hampshire	1
New Jersey	14
New Mexico	2
Nevada	1
New York	27
Ohio	37
Oklahoma	3
Oregon	2
Pennsylvania	30
Rhode Island	9
South Carolina	3
South Dakota	2
Tennessee	5
Texas	22
Virginia	18
Washington	9
Wisconsin	6
West Virginia	5

Total

450

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