2024-05-15T09:51:34-05:00 2023-06-30 232896692 BBD LLP 1835 MARKET STREET SUITE 300 PHILADELPHIA PA 19103 990 2022-07-01 232665839 LIBERTY LUTHERAN FOUNDATION LIBE 2674647700 7002 BUTLER PIKE AMBLER PA 19002 JOHN M BARNUM CFO/SENIOR VICE PRESIDENT 2674647700 2024-05-15 1 JOHN BARNUM 999009999 0 BRIAN PAGE P02402981 2155677770 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LUANNE FISHER 7002 BUTLER PIKE AMBLER PA 19002 3593138 0 9386 X WWW.LIBERTYLUTHERAN.ORG X 1991 PA TO ENSURE THE SECURITY AND PROSPERITY OF LIBERTY LUTHERAN'S FAMILY OF SERVICES. 6 5 2 9 0 0 370328 1047157 237500 175000 3037537 1370349 -1220 -679 3644145 2591827 0 0 0 0 257341 184091 0 0 0 478287 494872 735628 678963 2908517 1912864 42715479 47932082 29369 37271 42686110 47894811 LIBERTY LUTHERAN FOUNDATION IS A NONPROFIT 501(C)(3) ORGANIZATION THAT SERVES AS A RESOURCE TO ENSURE THE SECURITY AND PROSPERITY OF LIBERTY LUTHERAN'S FAMILY OF SERVICES, AS WELL AS ITS RESIDENTS, MEMBERS, PATIENTS, AND CLIENTS. 0 0 415065 175000 LIBERTY LUTHERAN FOUNDATION IS A NONPROFIT 501(C)(3) ORGANIZATION THAT SERVES AS A RESOURCE TO ENSURE THE SECURITY AND PROSPERITY OF LIBERTY LUTHERAN'S FAMILY OF SERVICES, AS WELL AS ITS RESIDENTS, MEMBERS, PATIENTS, AND CLIENTS. TASKED WITH THE IMPLEMENTATION AND ADMINISTRATION OF FUNDRAISING ACTIVITIES, LIBERTY LUTHERAN FOUNDATION ALSO MANAGES INVESTMENT PORTFOLIOS THAT BENEFIT THE ENTIRE ORGANIZATION. LIBERTY LUTHERAN'S EFFORTS HAVE CREATED ADDITIONAL SERVICES, AMENITIES, AND RESOURCES, INCLUDING FOUR BENEVOLENT CARE PROGRAMS THAT HELP RESIDENTS WHO HAVE OUTLIVED THEIR FINANCIAL RESOURCES. 415065 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 2 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 5 0 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 PA X JOHN M BARNUM CFOSENIOR VICE PRE 2674647700 7002 BUTLER PIKE AMBLER PA 19002 LINDA BRECKENRIDGE CHAIRMAN 0.50 4.00 X X 0 0 0 JAMES HIMLER VICE CHAIR 0.50 3.50 X X 0 0 0 LUANNE FISHER PRESIDENT 0.50 41.00 X X 0 731238 33770 DAVID STETTLER TREASURER 0.50 3.50 X X 0 0 0 BEVERLY BORTZ SECRETARY 0.50 3.50 X X 0 0 0 FRED HOPKE BOARD MEMBER 0.50 4.00 X 0 0 0 JOAN MCCABE MYERS SENIOR VP/COO 0.50 37.50 X 0 313456 21110 JOHN BARNUM SENIOR VP/CFO 0.50 37.50 X 0 325022 23882 0 1369716 78762 0 0 1 0 0 58260 988897 1047157 DEVELOPMENT FEES 900099 175000 175000 175000 765731 765731 1571125 966507 604618 604618 604618 34125 58260 34804 -679 -679 2591827 175000 0 1369670 X 156045 156045 3878 3878 13307 13307 10861 10861 92015 92015 171883 171883 19472 19472 17794 17794 2701 2701 158 158 390 390 97405 97405 4310 4310 CHARITABLE CONTRIBUTION 67702 67702 CONTRACT SERVICES 20190 20190 SUPPLIES 852 852 678963 415065 263898 0 274428 113089 1399525 178260 459360 297886 21612 24366 50325 50325 0 0 30873141 37497651 9687413 9820830 42715479 47932082 29191 32774 178 4497 29369 37271 X -737139 -981421 43423249 48876232 42686110 47894811 42715479 47932082 X 1912864 3203109 92730 X 0 1 X 1 0 X X 9 ARTMAN LUTHERAN HOME 231401548 1 1 23290 0 LIBERTY COMMUNITY SERVICES 203630505 1 1 0 0 LUTHERAN CHILDREN AND FAMILY SERVICE OF EASTERN PA 231696007 7 1 0 0 MARY J DREXEL HOME 230536370 1 1 67702 0 LIBERTY LUTHERAN HOUSING DEVELOPMENT CORPORATION 223876595 1 1 0 0 PAUL'S RUN 232053395 1 1 0 0 LIBERTY LUTHERAN SERVICES 233059658 1 1 6413 0 LIBERTY VILLAGE 472776767 1 1 0 0 LUTHERAN CONGREGATIONAL SERVICES INC 231894019 7 1 0 0 9 97405 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1221257 131508 1352765 1435439 -214182 1221257 1074325 361114 1435439 1100919 -26594 1074325 1091953 8966 1100919 1.00000 0 0 50325 50325 0 0 DUE FROM AFFILIATES 3745306 BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUSTS 632705 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 244949 LIFE INS. POLICIES/GIFT ANNUITIES 59099 DUE FROM AFFILIATES - SUBORDINATED DEBT 5138771 9820830 DUE TO AFFILIATES 4497 4497 X 5713427 3203109 10506 3213615 2499812 92015 92015 2591827 586948 0 586948 92015 92015 678963 PART V, LINE 4: MARION POLEY FUNDS ARE RESTRICTED FOR MAINTENANCE OF ARTMAN LUTHERAN HOME. BENEVOLENT FUNDS ARE RESTRICTED TO PROVIDE BENEVOLENT CARE FOR THE RESIDENTS OF ARTMAN LUTHERAN HOME. JOHN D. LANKENAU FUND IS AVAILABLE FOR THE OPERATIONS OF MARY J. DREXEL HOME. PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAX. THE FOUNDATION FOLLOWS THE PROVISIONS OF THE INCOME TAX ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON ITS FINANCIAL STATEMENTS. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 10,506. TRANSFER TO LCS (CONGREGATIONAL) GOLF OUTING 92384 58260 34124 1212 29367 4226 92384 58260 34124 1212 29367 4226 34805 -681 0 0 0 0 0 0 0 1 0 LUANNE FISHER PRESIDENT 0 531238 0 200000 0 0 0 22625 0 11145 0 765008 0 0 JOHN BARNUM SENIOR VP/CFO 0 305022 0 20000 0 0 0 16484 0 7398 0 348904 0 0 JOAN MCCABE MYERS SENIOR VP/COO 0 293456 0 20000 0 0 0 16307 0 4803 0 334566 0 0 PART I, LINE 7 DISCRETIONARY BONUSES WERE PAID. SCHEDULE J, PART II, COMPENSATION POLICY FOR RELATED ORGANIZATIONS: ALL TOP MANAGEMENT OFFICIALS AND KEY EMPLOYEES ARE EMPLOYEES OF ITS PARENT ORGANIZATION. THE FOLLOWING POLICIES ARE APPLIED TO THE PARENT AND ITS AFFILIATES: THE EXECUTIVE COMMITTEE APPROVES THE ANNUAL REVIEW AND COMPENSATION OF THE CEO. THE CFO AND COO ARE REVIEWED ANNUALLY BY THE CEO, WHILE THE EXECUTIVE DIRECTORS ARE REVIEWED ANNUALLY BY THE COO, ALL WITH COMPARABLE SALARY SURVEYS. THE LAST COMPARABLE SALARY SURVEY WAS DONE IN 2018. THE CEO REPORTS THE ANNUAL EXECUTIVE REVIEWS TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION DELEGATES ITS ADMINISTRATIVE AND MANAGEMENT FUNCTIONS TO ITS PARENT ORGANIZATION (A NOT-FOR-PROFIT CORPORATION) UNDER THE AFFILIATE AGREEMENT DATED JANUARY 1, 2001. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE ONE MEMBER. THE SOLE MEMBER SHALL BE LIBERTY LUTHERAN SERVICES. FORM 990, PART VI, SECTION A, LINE 7A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THE MEMBER SHALL SERVE AS THE BOARD; PROVIDED THAT THE MEMBER MAY IN ITS DISCRETION APPOINT UP TO SIX (6) ADDITIONAL DIRECTORS, WHO MAY BUT NEED NOT BE MEMBERS OF THE BOARD OF DIRECTORS OF THE MEMBER (THE "APPOINTED DIRECTORS"). IF AT ANY TIME THE EXECUTIVE COMMITTEE OF THE MEMBER IS NOT CONSTITUTED, THE MEMBER SHALL APPOINT THE DIRECTORS, FROM AMONG THE MEMBERS OF ITS BOARD OF DIRECTORS, FOR SUCH TERMS AS THE MEMBER DETERMINES. FORM 990, PART VI, SECTION A, LINE 7B THE APPROVAL OF THE MEMBER SHALL BE REQUIRED FOR ANY OF THE FOLLOWING ACTIONS BY THE CORPORATION: ANY MERGER, DISSOLUTION, OR LIQUIDATION OF THE CORPORATION; ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION; THE SALE, PLEDGE, LEASE (BUT ONLY A LEASE FROM THE CORPORATION OF SUBSTANTIALLY ALL OF THE CORPORATION'S REAL PROPERTY), OR OTHER TRANSFER OF THE ASSETS OF THE CORPORATION OTHER THAN TRANSACTIONS OCCURRING IN THE ORDINARY COURSE OF BUSINESS; THE ADOPTION OF THE CORPORATION'S ANNUAL CAPITAL AND OPERATING BUDGETS; THE ISSUANCE OR ASSUMPTION OF ANY INDEBTEDNESS IN EXCESS OF FIFTY THOUSAND DOLLARS ($50,000) BY THE CORPORATION; THE EXECUTION OF ANY CONTRACT PROVIDING FOR THE MANAGEMENT OF THE CORPORATION; AND ANY MATERIAL CHANGE TO THE BUSINESS OR PROGRAMS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WILL BE CONDUCTED BY THE GOVERNING BOARD. HOWEVER, THE FINAL FORM 990 IS REVIEWED IN DETAIL FOR ACCURACY AND SIGNED BY THE CHIEF FINANCIAL OFFICER OF LIBERTY LUTHERAN SERVICES (PARENT ORGANIZATION). FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD AND SENIOR LEVEL STAFF. THEY ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE. THE CORPORATE COMPLIANCE OFFICER REVIEWS ALL POTENTIAL STAFF CONFLICTS. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS ALL BOARD CONFLICTS. WHEN A CONFLICT OF INTEREST ARISES, THE BOARD SHALL PERMIT THE INTERESTED PERSON TO MAKE A PRESENTATION AT THE BOARD MEETING AND AFTER THE PRESENTATION, THE INTERESTED PERSON LEAVES AND THE BOARD VOTES ON AN ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. IF APPROPRIATE, A NON-INTERESTED PERSON OR COMMITTEE INVESTIGATES ALTERNATIVES TO THE PROPOSED ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD WILL DETERMINE IF A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD WILL DETERMINE BY MAJORITY VOTE THE ARRANGEMENT IN THE CORPORATION'S BEST INTEREST AND FOR ITS BENEFIT, AND/OR IT IS REASONABLE AND FAIR TO THE CORPORATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 171,883. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 171,883. FORM 990, PART XI, LINE 9: TRANSFER FROM AFFILIATES 82,224. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 10,506. LIBERTY LUTHERAN SERVICES 7002 BUTLER PIKE AMBLER PA 19002 233059658 TO PROVIDE TAX EXEMPT SUBSIDIARIES WITH MANAGEMENT & ADMINISTRATIVE SERVICES PA 501(C)(3) LINE 1 N/A 0 LUTHERAN CHILDREN & FAMILY SERVICES OF EASTERN PENNSYLVANIA 1016 N 41ST STREET PHILADELPHIA PA 19104 231696007 TO PROVIDE SERVICES TO SENIORS THROUGH PROGRAMS PA 501(C)(3) LINE 7 LIBERTY LUTHERAN SERVICES 1 MARY J DREXEL HOME 238 BELMONT AVENUE BALA CYNWYD PA 19004 230536370 ASST. LIVING, TO PROVIDE HOUSING, ASST. LIVING & OTHER RELATED SERVICES PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 1 ARTMAN LUTHERAN HOME 250 N BETHLEHEM PIKE AMBLER PA 19002 231401548 CCRC, PROVIDING NURSING & OTHER RELATED SERVICES TO SENIORS PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 1 LUTHERAN CONGREGATIONAL SERVICES 7002 BUTLER PIKE AMBLER PA 19002 231894019 TO PROVIDE DISASTER RESPONSE AND COMMUNITY OUTREACH PA 501(C)(3) LINE 7 LIBERTY LUTHERAN SERVICES 1 LIBERTY LUTHERAN HOUSING DEVELOPMENT CORPORATION 260 LIONS HILL ROAD STATE COLLEGE PA 16803 223876595 CCRC, PROVIDING NURSING & OTHER RELATED SERVICES TO SENIORS PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 1 LIBERTY VILLAGE 2010 YORK ROAD JAMISON PA 18929 472776767 CCRC, PROVIDING NURSING & OTHER RELATED SERVICES TO SENIORS PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 1 PAUL'S RUN 9896 BUSTLETON AVENUE PHILADELPHIA PA 19115 232053395 CCRC, PROVIDE HOUSING, NURSING & OTHER RELATED SERVICES TO SENIORS PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 1 LIBERTY COMMUNITY SERVICES 7002 BUTLER PIKE AMBLER PA 19002 203630505 TO PROVIDE VARIOUS SERVICES TO SENIORS IN THEIR HOMES PA 501(C)(3) LINE 1 LIBERTY LUTHERAN SERVICES 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0