Catholic Eldercare
- Assets
- $35.7m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 518
- Location
- Minneapolis, MN
- Founding
- 03/1946
- Data as of
- 09/2021
- EIN
- 41-1399954
Organization Overview
Catholic Eldercare is located in Minneapolis, MN. The organization was established in 1946. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2021, Catholic Eldercare employed 518 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Eldercare is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Catholic Eldercare generated $18.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $17.7m during the year ending 09/2021. While expenses have increased by 4.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A FULL CONTINUUM OF CARE FOR OLDER ADULTS AND TO GIVE EACH PERSON OPTIONS THEY NEED TO LIVE LIFE AS FULLY AS POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 174 BED SKILLED NURSING FACILITY (24 OF THE BEDS ARE USED FOR TRANSITIONAL CARE) FOR THE ELDERLY OF MINNEAPOLIS AND SURROUNDING COMMUNITIES. IN 2020-2021, APPROXIMATELY 389 PEOPLE WERE SERVED IN THE FACILITY WITH A FULL ARRAY OF SERVICES FROM TWENTY FOUR HOUR NURSING CARE AND PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND SPEECH THERAPY. PROGRAMS ARE AVAILABLE FOR SOCIAL, PASTORAL CARE AS WELL AS MANY OTHER ACTIVITIES TO PROVIDE A HOLISTIC APPROACH TO THE NEEDS OF THE ELDERLY. NUTRITIONAL NEEDS ARE PROVIDED FOR ALONG WITH ASSISTANCE WITH DAILY LIVING ACTIVITIES AS REQUIRED. THE FACILITY EMPLOYS APPROXIMATELY 380 PEOPLE FULL AND PART TIME AND HAS APPROXIMATELY 80 VOLUNTEERS THAT PARTICIPATE AND HELP WITH ACTIVITIES FOR THE ELDERLY AND PROVIDING A STRONG LINK TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Baumberger President/ceo | Officer | 30 | $183,948 |
Teilz Lincoln Registered Nurse | 40 | $130,841 | |
Marie Barta Administrator | 40 | $126,163 | |
Carla Frantz Director Of Nursing | 40 | $115,574 | |
Dan Johnson President/ceo Thru Jan 2020 | 4 | $103,781 | |
Patrick Zeman Controller | Officer | 24 | $95,414 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $407,951 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,153 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $419,104 |
| Total Program Service Revenue | $17,575,764 |
| Investment income | $6,024 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,000,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $383,143 |
| Compensation of current officers, directors, key employees. | $1,948 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,951,775 |
| Pension plan accruals and contributions | $128,909 |
| Other employee benefits | $1,494,477 |
| Payroll taxes | $977,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $956,898 |
| Advertising and promotion | $0 |
| Office expenses | $171,771 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $470,978 |
| Travel | $618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $942,565 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,507,813 |
| Insurance | $0 |
| All other expenses | -$6,005,268 |
| Total functional expenses | $17,679,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $553,512 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,855,482 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $130,539 |
| Net Land, buildings, and equipment | $32,657,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $456,069 |
| Total assets | $35,653,392 |
| Accounts payable and accrued expenses | $1,081,747 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $27,623,690 |
| Escrow or custodial account liability | $33,765 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,200,660 |
| Total liabilities | $32,939,862 |
| Net assets without donor restrictions | $2,713,530 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,653,392 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Catholic Eldercare has recieved totaling $11,016.
| Awarding Organization | Amount |
|---|---|
The Janice Gardner Foundation Minneapolis, MN PURPOSE: GENERAL OPERATIONS | $5,000 |
Walter C Rasmussen Foundation Minneapolis, MN PURPOSE: AFFORDABLE HOUSING | $3,000 |
John And Clara Dolan Foundation Minnetonka, MN PURPOSE: CHARITABLE ACTIVITIES | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Missouri Slope Lutheran Care Center Bismarck, ND | $98,166,713 | $36,127,311 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Valley Homes And Services Grand Forks, ND | $24,112,129 | $31,398,381 |
American Lutheran Homes Inc Fargo, ND | $43,343,032 | $34,765,772 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |