Nonprofit · EIN 77-0153001
ENDOWMENT FUND OF THE SOLVANG LUTHERAN HOME
Tax-exempt · SOLVANG, CA 93463
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $988,183 | $314,306 | $673,877 | $10,378,977 | $0 | $10,378,977 |
| December 31, 2023 | 990 | $18,474 | $166,767 | -$148,293 | $9,705,100 | $0 | $9,705,100 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,800
- Program service revenue
- $0
- Investment income
- $921,424
- Net rental income
- $60,959
- Net gain from sales of assets
- $635,280
- Other revenue
- $60,959
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,900
- Program services (functional)
- $298,476
- Management and general (functional)
- $15,830
Balance sheet and other
- Total assets, start of year
- $9,705,100
- Total assets, end of year
- $10,378,977
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,378,977
- Land, buildings and equipment
- $296,000
- Publicly traded securities
- $9,597,211
- Net assets without donor restrictions
- $10,378,977
- Gross receipts
- $988,183
- Employees
- 0
- Year formed
- 1988
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM OLMSTEAD | Director Trustee or director | 5 | $0 |
| BARBARA WAER | Secretary Trustee or director, Officer | 5 | $0 |
| MIKE SGOBBA | Vice President Trustee or director, Officer | 5 | $0 |
| BILL CIRONE | President Trustee or director, Officer | 5 | $0 |
| MARTHA NEDEGAARD | Director Trustee or director | 5 | $0 |
| JANET OLIVERA | Director Trustee or director | 5 | $0 |
| MARIA FAZIO | Director Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM OLMSTEAD | Director Trustee or director | 5 | $0 |
| BARBARA WAER | Director Trustee or director | 5 | $0 |
| MIKE SGOBBA | Director Trustee or director | 5 | $0 |
| BILL CIRONE | Vice President Trustee or director, Officer | 5 | $0 |
| MARTHA NEDEGAARD | Director Trustee or director | 5 | $0 |
| JANET OLIVERA | President Trustee or director, Officer | 5 | $0 |
| JANEEN CASSIDY | Secretary Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 636 ATTERDAG RD, SOLVANG, CA 93463-2604
- Signed the 990
- JANET OLIVERA, President
- Phone
- (805) 688-3263
- Return prepared by
- Sorenson & Associates
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0153001 or by the name ENDOWMENT FUND OF THE SOLVANG LUTHERAN HOME.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- GRANT TO INDIVIDUALS FOR NURSING SCHOOL SCHOLARSHIPS AND HELPING RESIDENTS OF THE SOLVANG LUTHERAN HOMEExpenses $298,476
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 77-0153001
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E91I)
- Assets (IRS master file)
- $10,378,977
- Income (IRS master file)
- $988,183
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $988,183 | $314,306 | $10,378,977 | IRS |
| 990 | December 2023 | $18,474 | $166,767 | $9,705,100 | XML |
| 990 | December 2022 | -$1,385,646 | $224,137 | $8,623,444 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 77-0153001).
Questions about ENDOWMENT FUND OF THE SOLVANG LUTHERAN HOME
- What is the EIN of ENDOWMENT FUND OF THE SOLVANG LUTHERAN HOME?
- The employer identification number (EIN) of ENDOWMENT FUND OF THE SOLVANG LUTHERAN HOME is 77-0153001.
- Is ENDOWMENT FUND OF THE SOLVANG LUTHERAN HOME tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to ENDOWMENT FUND OF THE SOLVANG LUTHERAN HOME tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ENDOWMENT FUND OF THE SOLVANG LUTHERAN HOME file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ENDOWMENT FUND OF THE SOLVANG LUTHERAN HOME due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ENDOWMENT FUND OF THE SOLVANG LUTHERAN HOME last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of ENDOWMENT FUND OF THE SOLVANG LUTHERAN HOME?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does ENDOWMENT FUND OF THE SOLVANG LUTHERAN HOME have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $988,183, expenses of $314,306 and total assets of $10,378,977 at year end.
Other nonprofits in SOLVANG
- SANT YNEZ VALLEY COTTAGE HOSPITAL FOUNDATION EIN 95-3308522 · last filed 990 for 2024
- HEALTHY CHILD HEALTHY WORLD INC EIN 80-0841460 · last filed 990-N for 2023
- SOLVANG LUTHERAN HOME INC EIN 95-1765173 · last filed 990 for 2024
- KEI LIN FOUNDATION EIN 90-6231023 · last filed 990-PF for 2025
- SOLVANG FRIENDSHIP HOUSE EIN 95-3264110 · last filed 990 for 2025
- SANTA YNEZ VALLEY PEOPLE HELPING PEOPLE EIN 77-0338060 · last filed 990 for 2025
- VIKING CHARITIES INC EIN 95-3542227 · last filed 990 for 2024
- SANTA YNEZ VALLEY HOTEL ASSN INC EIN 26-4735904 · last filed 990 for 2025