2024-11-14T15:25:30-08:00 2023-12-31 464246494 Sorenson & Associates 2027 Village Lane Ste 203 Solvang CA 93463 990 2023-01-01 770153001 ENDOWMENT FUND OF SLVG LUTHERAN HOME ENDO 8056883263 636 ATTERDAG RD SOLVANG CA 93463 JANET OLIVERA President 2024-11-14 true true KENNETH D SORENSON CPA P00083774 8056881122 X 2023 2024-10-15 13:58:12Z 636 ATTERDAG RD SOLVANG CA 93463 4692628 false X N/A X 1988 CA THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PROCURE, MANAGE AND INVEST DONATIONS TO THE ENDOWMENT FUND IN ORDER TO EXTEND FINANCIAL ASSISTANCE FOR THE OPERATRION, MAINTENANCE,IMPROVEMENT AND EXPANSION OF THE SOLVANG LUTHERAN HOME, INC. FOR CURRENT RESIDENTS, WHILE PRESERVING AND GROWING THE CORPUS TO BENEFIT BOTH CURRENT AND FUTURE RESIDENTS. 7 7 0 0 3841 3285 0 -1440972 -39278 51485 54467 -1385646 18474 3000 7489 0 0 0 0 221137 159278 224137 166767 -1609783 -148293 8623444 9705100 0 8623444 9705100 THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PROCURE, MANAGE AND INVEST DONATIONS TO THE ENDOWMENT FUND IN ORDER TO EXTEND FINANCIAL ASSISTANCE FOR THE OPERATRION, MAINTENANCE,IMPROVEMENT AND EXPANSION OF THE SOLVANG LUTHERAN HOME, INC. FOR CURRENT RESIDENTS, WHILE PRESERVING AND GROWING THE CORPUS TO BENEFIT BOTH CURRENT AND FUTURE RESIDENTS. false false 158803 GRANT TO INDIVIDUALS FOR NURSING SCHOOL SCHOLARSHIPS AND HELPING RESIDENTS OF THE SOLVANG LUTHERAN HOME 158803 true false false false false false false false false true true false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true false false false true 1 0 true 0 false false false false false false false 0 false false false false false false false false false false X 7 7 false false false false false false false true true false false false true true true false false false false false CA X SOLVANG LUTHERAN HOME 8056883263 636 ATTERDAG RD SOLVANG CA 93463 X TOM OLMSTEAD Director 5.00 0.00 X 0 0 0 BARBARA WAER Director 5.00 0.00 X 0 0 0 MIKE SGOBBA Director 5.00 0.00 X 0 0 0 BILL CIRONE Vice President 5.00 0.00 X X 0 0 0 MARTHA NEDEGAARD Director 5.00 0.00 X 0 0 0 JANET OLIVERA President 5.00 0.00 X X 0 0 0 JANEEN CASSIDY Secretary 5.00 0.00 X X 0 0 0 0 false false false 0 3285 3285 0 238688 238688 0 0 54467 54467 54467 54467 4396188 4674154 -277966 -277966 -277966 0 0 0 0 18474 -277966 293155 0 7489 7489 0 0 0 0 0 0 0 0 0 0 7900 7505 395 0 0 0 0 0 699 664 35 0 0 0 0 0 0 0 46500 44175 2325 0 4114 3908 206 BROKER FEES 52429 49808 2621 COMMUNITY OUTREACH 40000 38000 2000 DUES & MEMBERSHIP 7500 7125 375 BANK CHARGES 111 105 6 25 24 1 166767 158803 7964 0 0 8370 256742 0 0 0 0 0 0 4114 0 296000 296000 296000 8314960 9152358 0 0 0 0 8623444 9705100 0 0 X 8623444 9705100 8623444 9705100 8623444 9705100 -148293 1229949 X true X true X true true true X X 1 SOLVANG LUTHERAN HOME INC 951765173 10 false 46500 0 1 46500 0 true false false false false false false false false false false false false false false false false Part IV, Section B, Line 1: Explanation Of How Supported Orgs. Managed Actvities THE BOARD VOTES ON AND APPROVES ALL MATTERS 8623444 3285 238688 7489 -847172 9705100 10233227 3841 305709 3000 1916333 8623444 9501159 1747 899834 9000 160513 10233227 8591742 11570 1084724 9979 176898 9501159 7454902 22578 1322233 11000 196971 8591742 false false false 296000 296000 296000 X Part V, Line 4: Intended uses of the endowment fund. THE DISPOSABLE INCOME OF THE FUND SHALL NORMALLY BE USED IN THE BENEVOLENT OUTREACH PROGRAMS OF THE ATTERDAG VILLAGE. OTHER PROJECTS MAY BE DESIGNATED BY THE BOARD OF DIRECTORS FROM TIME TO TIME Part X : FIN48 Footnote In 2009, the Home adopted the accounting for uncertainty in income taxes provisionscontained within accounting principles generally accepted in the United States ofAmerica (GAAP). This guidance requires the evaluation of tax positions taken orexpected to be taken in the course of preparing the Homes financial statements todetermine whether the tax positions are more likely than not of being sustained by theapplicable tax authority. Tax positions not deemed to meet the more likely than notthreshold would be recorded as a tax benefit or expense in the current year.Management evaluated the Homes tax positions as of December 31, 2022 andconcluded that the Home had taken no uncertain tax positions that require adjustmentto or disclosure in the financial statements to comply with the provisions of theguidance. However, the conclusions regarding accounting for uncertainty in incometaxes will be subject to review and may be adjusted as a later date based on factorsincluding, but not limited to, ongoing analysis of tax laws, regulations, andinterpretations thereof.The Homes informational returns are generally subject to examination for three yearsafter the later of the due date or date of filing. As a result, the Home is no longersubject to income tax examinations by tax authorities for years prior to 2012 for federalpurposes and for years prior to 2011 for California purposes false 0 0 EDUCATIONAL GRANT 1 7489 COST Form 990, Part VI, Section B, Line 11b RETURN IS PREPARED BY OUTSIDE CPA FIRM AND AN ENDOWMENT FUND BOARD MEMBER AND REVIEWED BY THEIR QUALITY CONTROL DEPARTMENT Form 990, Part VI, Section B, Line 12c GOVERNING BOARD DISCUSSES AND VOTES ON ANY POTENTIAL CONFLICTS Form 990, Part VI, Section C, Line 19 DISCLOSURE IS UPON REQUEST SOLVANG LUTHERAN HOME INC 636 ATTERDAG RD SOLVANG CA 93463 951765173 CARE FOR THE ELDERLY CA 501 C(3) 9 N/A false false false false false false false false false false false false false false false false false false false false