Coffman-Levi Charitable Trust Inc
- Assets
- $8.8m
- Revenue
- $5.1m
- Investments
- $2.0m
- Employees
- 0
- Location
- Adams, NE
- Founding
- 08/1988
- Data as of
- 06/2022
- EIN
- 47-0690851
Organization Overview
Coffman-Levi Charitable Trust Inc is located in Adams, NE. The organization was established in 1988. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coffman-Levi Charitable Trust 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 06/2022, Coffman-Levi Charitable Trust Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN A FACILITY FOR THE LONG-TERM CARE, COMFORT, AND MAINTENANCE OF THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Fritzen Executive Director | 40 | $113,189 | |
Michelle Denker Director Of Nursing | 40 | $85,621 | |
Max Gramann Chairman | 2 | $1,100 | |
Chris Gramann Board Member | 2 | $700 | |
Julie Kealy Secretary | 2 | $700 | |
Wes Siefkes Board Member | 2 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $166,748 |
| Interest on Savings | $33,637 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,888,602 |
| Total Revenue | $5,088,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,625 |
| Other employee salaries and wages | $2,526,363 |
| Pension plans, employee benefits | $253,190 |
| Interest | $0 |
| Taxes | $190,367 |
| Depreciation | $225,916 |
| Occupancy | $105,035 |
| Travel, conferences, and meetings | $15,676 |
| Printing and publications | $2,117 |
| Other expenses | $1,176,718 |
| Total operating and administrative expenses | $4,515,343 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,515,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,537,329 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $232,966 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $176 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,039,287 |
| Net Land, buildings, and equipment | $3,942,215 |
| Other assets | $3,584 |
| Total assets | $8,755,557 |
| Accounts payable and accrued expenses | $342,885 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $29,920 |
| Total liabilities | $372,805 |
Peer Organizations
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|---|---|---|
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Villa St Francis Catholic Care Center Inc Olathe, KS | $17,681,493 | $20,586,104 |
Colorado Senior Residences Inc Steamboat Springs, CO | $39,996,188 | $12,218,271 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
Cedar Lake Village Inc Sioux Falls, SD | $38,142,658 | $12,975,916 |
Ascension Living St Josephs Place St Louis, MO | $4,321,699 | $10,048,522 |
Bethany Home Association Of Lindsborg Kansas Lindsborg, KS | $21,461,588 | $11,142,589 |
Lutheran Home For The Aged Association - West Perry, IA | $7,806,772 | $10,872,743 |
Calvin Community Des Moines, IA | $24,509,760 | $11,516,352 |
Friendship Village Charitable Tr Waterloo, IA | $19,713,724 | $8,311,790 |
St Luke Homes & Services Inc Spencer, IA | $9,786,466 | $9,281,620 |