Tieszen Memorial Home Inc
- Assets
- $6.0m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 151
- Location
- Marion, SD
- Founding
- 05/1960
- Data as of
- 12/2022
- EIN
- 46-0213759
Organization Overview
Tieszen Memorial Home Inc is located in Marion, SD. The organization was established in 1960. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Tieszen Memorial Home Inc employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tieszen Memorial Home Inc 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 12/2022, Tieszen Memorial Home Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $6.0m during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY OF CARE AND QUALITY OF LIFE FOR THE LONG AND SHORT TERM CARE RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TIESZEN MEMORIAL HOME IS COMPRISED OF A 64-BED SKILLED NURSING HOME, A 16-BED ASSISTED LIVING FACILITY, A 4 UNIT APARTMENT COMPLEX, A 12 UNIT AND TWO 6 UNIT APARTMENT COMPLEXES IN MARION, SD. THE HOME PROVIDES LONG TERM NURSING HOME CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura M Wilson Administrato | Officer | 40 | $129,507 |
Lawrence Arbeiter Member | Trustee | 1 | $0 |
Ravila Berens President | OfficerTrustee | 1 | $0 |
Deanna Gall Member | Trustee | 1 | $0 |
Paul Johnson Vice Preside | OfficerTrustee | 1 | $0 |
James A Jones Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Lincoln Food Services | 12/30/16 | $213,000 |
Prairie Rehabilitation Therapy Service | 12/30/16 | $284,728 |
Lpl Construction Construction | 12/30/16 | $149,577 |
Grape Tree Medical Staffing Temporary Staff | 12/30/16 | $135,052 |
Avera Long-term Pharmacy Resident Pharma | 12/30/16 | $116,479 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,074,973 |
| Investment income | $12,342 |
| 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 | $6,087,315 |
| 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. | $287,868 |
| Compensation of current officers, directors, key employees. | $150,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,492,192 |
| Pension plan accruals and contributions | $59,243 |
| Other employee benefits | $299,064 |
| Payroll taxes | $205,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,871 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $874,516 |
| Advertising and promotion | $82,666 |
| Office expenses | $31,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,047,121 |
| Travel | $11,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $406,403 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,954,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,693,563 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $308,450 |
| 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 | $63,880 |
| Net Land, buildings, and equipment | $2,892,207 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,649 |
| Total assets | $5,987,749 |
| Accounts payable and accrued expenses | $254,709 |
| Grants payable | $0 |
| Deferred revenue | $168,857 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $630,123 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,227 |
| Total liabilities | $1,081,916 |
| Net assets without donor restrictions | $4,905,833 |
| 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 | $5,987,749 |