Luther Manor Foundation

The information for Luther Manor Foundation is as of the organization's most recent filing in December '21. This organization is located in Dubuque, IA. It has been in existence for 23 years, following its founding in 1998.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Luther Manor Foundation's NTEE code is L11. The "L" tells us that the organization is classified along with Housing & Shelter. The "11" tells us that the organization exists as a fund-raising entity for a single institution within the Housing & Shelter major group area. The NTEE describes Single Organization Support as organizations that raise funds for a specific institution within a major group area. The organization is also classified as a 501(c)(3) organization, which means it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work. The mission of the Luther Manor Foundation is to provide long-term financial support to Luther Manor and its residents.

Program Areas

The program area within the general fund provides financial support to Martin Luther Home Corp, also known as Luther Manor, for the benefit of residents who outlive their financial resources. Within this program, the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Board Governance

Luther Manor Foundation appears to be a well-governed non-profit organization based on the information provided. The organization has a small board of 5 voting members, all of whom are independent, indicating a lack of potential conflicts of interest within the board. This ensures that the decisions made by the board are objective and in the best interest of the organization and its beneficiaries. The fact that board meetings and committee meetings are documented further demonstrates the organization's commitment to transparency and accountability. This documentation allows for a clear record of discussions, decisions, and actions taken, ensuring that all board members are informed and involved in the governance process. Additionally, Luther Manor Foundation has implemented important policies to prevent conflicts of interest and promote ethical behavior. The organization has a conflict of interest policy in place, requiring disclosure of any potential conflicts, which helps to maintain the integrity of the decision-making process. The presence of a written whistleblower policy also indicates that the organization encourages the reporting of any wrongdoing, ensuring that unethical behavior is addressed promptly. Furthermore, Luther Manor Foundation has a document retention policy, which ensures that important records and documents are properly maintained and accessible when needed. This policy demonstrates the organization's commitment to good governance practices and legal compliance. Although the information does not explicitly mention the substantiation and review of leadership and officer salaries, the fact that the organization provides copies of the 990 form to the board prior to filing suggests that there is a level of transparency regarding financial matters. Overall, Luther Manor Foundation appears to have a strong governance structure in place, with clear policies and procedures that promote transparency, accountability, and ethical behavior.

Organization Growth

The Luther Manor Foundation has experienced growth over the given time period. Both the investment income and total revenue have increased from $110.3K in 2015 to $240.5K in 2021. Additionally, the total expenses have also increased from $3.9K in 2015 to $180.1K in 2021. However, the grants paid line item is not meaningful over this time period, so it does not provide relevant information regarding the growth of the organization.