2025-07-10T15:16:30-05:00 2024-12-31 411504933 LB CARLSON LLP 605 HIGHWAY 169 SUITE 650 MINNEAPOLIS MN 55441 990 2024-01-01 411373106 Mount Olivet Lutheran Church Foundation MOUN 6129267651 5025 Knox Ave S Minneapolis MN 55419 Deanne Nelson Director of Finance 6129267651 2025-07-10 1 0 Victoria L Holinka P00735616 7635358150 2025-07-10 2024 2025-03-06 01:10:19Z Deanne Nelson 5025 Knox Ave S Minneapolis MN 55419 3081817 0 X www.mtolivet.org X 1980 MN This corporation is organized and shall be operated exclusively for the benefit of, and to assist in carrying out the charitable, educational, and religious purposes of Evangelical Mount Olivet Lutheran Church, a Minnesota nonprofit corporation, and other organizations related via common management. 46 37 0 0 0 0 3661634 1632251 0 0 285940 757584 0 0 3947574 2389835 673085 473084 0 0 128335 131794 170 10350 155780 141488 38936 943078 654164 3004496 1735671 27951434 32915678 12988428 14675450 14963006 18240228 X This corporation is organized and shall be operated exclusively for the benefit of, and to assist in carrying out the charitable, educational, and religious purposes of Evangelical Mount Olivet Lutheran Church, a Minnesota nonprofit corporation, and other organizations related via common management. 0 0 473084 473084 This corporation is organized and shall be operated exclusively for the benefit of, and to assist in carrying out the charitable, educational, and religious purposes of the Evangelical Mount Olivet Lutheran Church. The board approved $473,084 in cash transfers to the Evangelical Mount Olivet Lutheran Church to support their exempt program accomplishments. 473084 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 X 46 37 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X Deanne Nelson 6129267651 5025 Knox Avenue S Minneapolis MN 55419 X Lois Allen Director 0.50 X 0 0 0 J C Anderson Director 0.50 X 0 0 0 Scott Anderson Director 0.50 X 0 0 0 Jennifer Bastian Director 0.50 X 0 0 0 Maddie Bates Director 0.50 X 0 0 0 Darcy Winter Benjamin Director 0.50 X 0 0 0 Sue Bratrud Director 0.50 X 0 0 0 Doris Buerkle Director 0.50 X 0 0 0 Ray Cabillot Director 0.50 X 0 0 0 Martha Carlson Director 0.50 X 0 0 0 Ben Cieslik Director 0.50 X 0 0 0 Mark Dixon Director 0.50 48.00 X 0 0 0 Bruce Englsma Director 0.50 X 0 0 0 Fritz Ferris Director 0.50 X 0 0 0 Heather Goudy Director 0.50 X 0 0 0 Jenni Grangaard Director 0.50 X 0 0 0 Dave Haberle Director 0.50 X 0 0 0 Lizabeth Halva Director 0.50 X 0 0 0 Monica Hammersten Director 0.50 48.00 X 0 0 0 Ken Jarcho Director 0.50 X 0 0 0 Ron Kaliebe Director 0.50 X 0 0 0 Kurt Kalland Director 0.50 48.00 X 0 0 0 Dave Kroog Director 0.50 X 0 0 0 Sarah Lien Director 0.50 X 0 0 0 Nancy Lindahl Director 0.50 X 0 0 0 Mary Morton Director 0.50 X 0 0 0 Sue Mulkern Director 0.50 X 0 0 0 Nancy Nash Director 0.50 48.00 X 0 0 0 David Nelson Director 0.50 X 0 0 0 Bob Neuman Director 0.50 X 0 0 0 Lance Olson Director 0.50 X 0 0 0 Jenna Olson Popp Director 0.50 X 0 0 0 Debra Page Director 0.50 X 0 0 0 Beth Psihos Director 0.50 X 0 0 0 Peter Radosovich Director 0.50 X 0 0 0 Katherine Sayre Director 0.50 X 0 0 0 Nate Slinde Director 0.50 X 0 0 0 Greg Teigen Director 0.50 X 0 0 0 Vicki Turnquist Director 0.50 X 0 0 0 Thomas Whear Director 0.50 X 0 0 0 Becca Wold Freeman Director 0.50 48.00 X 0 0 0 Kathryn Wood Director 0.50 X 0 0 0 Lisa Carlson Secretary 0.50 X X 0 0 0 Gary Wert Treasurer 0.50 X X 0 0 0 John Kapanke Vice President 0.50 X X 0 0 0 David Lose President 0.50 48.00 X X 0 0 0 0 0 0 0 0 0 0 0 1632251 1632251 411448 411448 1038118 691982 346136 346136 346136 2389835 0 0 757584 473084 473084 106737 106737 1145 1145 16323 16323 7589 7589 22449 22449 2851 2851 10350 10350 8194 8194 516 516 2726 2726 1768 1768 Miscellaneous 432 432 654164 473084 25300 155780 87536 42070 1014199 648857 26792564 32163199 57135 61552 27951434 32915678 13219 12891718 14594812 83491 80638 12988428 14675450 X 14963006 18240228 14963006 18240228 27951434 32915678 X 1735671 1542429 -878 X X 0 1 X 1 0 X X 1 Evangelical Mount Olivet Lutheran Church 410773766 1 1 473084 0 1 473084 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 12950165 2005995 292213 14663947 1 X 14963006 1632251 2299135 654164 18240228 10327888 3661634 1916562 943078 14963006 6396919 5488042 -1061282 495791 10327888 5683913 623939 552107 463040 6396919 5626120 1458521 416034 1816762 5683913 1.00000 0.00000 0.00000 0 0 0 Due to Evangelical Mount Olivet Lutheran Church 80638 80638 X Part IV, Line 2b: Custodial funds are comprised of amounts, including earnings thereon, placed with the Mount Olivet Lutheran Church Foundation (the Foundation) by the Evangelical Mount Olivet Lutheran Church (MOLC) and other closely related organizations (contributing entities) to be invested by the governing board of the Foundation, net of amounts due to the Foundation and to Mount Olivet Careview Home (Careview) (an organization closely related in purpose and function to MOLC) for professional and development fees allocated to the contributing entities. The funds and accumulated earnings held in trust may, at the discretion of the contributing entity, be requested at any time. The contributing entity bears all risk of loss. Part V, Line 4: To be provided to affliates when needed and approved by the board. Part X, Line 2: The Mount Olivet Lutheran Church Foundation (the Foundation) is exempt from taxation as a nonprofit organization in accordance with Section 501(c)(3) of the Internal Revenue Code and comparable state law, and contributions to it are tax deductible within the limitations prescribed by the code. The Fund follows the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification 740-10, Income Taxes. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Fund has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The Fund believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Fund's financial condition, results of operations, or cash flows. Accordingly, the Fund has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at December 31, 2024. The Fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. 1 Evangelical Mount Olivet Lutheran Church 5025 Knox Ave S Minneapolis MN 55419 410773766 501(c)(3) 473084 0 To support the Church's non-profit programs. Part I, Line 2: All transfers are recorded and kept on the books. Few grants are made. Form 990, Part VI, Section A, line 2 Nancy Nash and Maddie Bates are Mother/Daughter Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent accounting firm. Once the Form is completed it is given to Nancy Nash, Senior Director of Operations, and Deanne Nelson, Director of Finance, for review before it is provided to the Board of Directors for approval. Form 990, Part VI, Section B, line 12c The Board Officers monitor the conflict of interest policy and review the policy each year with the Directors. Form 990, Part VI, Section C, line 19 The organization governing documents, conflict of interst policy, and financial statement are made available to the public upon request. Form 990, Part XI, line 9: Change in cash surrender value -878. Form 990, Part XII, Line 2c The Personnel and Finance Committee is responsible for the oversight of the audit, financial reporting, and selection of an independent auditor. This process has not changed from the prior year. Related Organization Compensation Made an effort to obtain information regarding any compensation paid from a related organization. Other than compensation paid to the President (in the capacity of Senior Pastor) and certain Directors (in the capacity of Pastors), no additional transactions noted per responses received. Mount Olivet Property Acceptance LLC 5025 Knox Avenue South Minneapolis MN 55419 205258501 Provide support to the purpose of Evangelical Mount Olivet Lutheran Church. MN Mount Olivet Lutheran Church Foundation Evangelical Mount Olivet Lutheran Church 5025 Knox Avenue South Minneapolis MN 55419 410773766 Church - Place of Worship MN 501(c)(3) 170(b)(1)(A)(i) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mount Olivet Lutheran Church B 473084 Fair market value