2025-08-14T08:44:12-05:00 2024-09-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-10-01 411453070 Glenwood Retirement Home Foundation Inc GLEN 3206345131 719 2nd Street Glenwood MN 56334 Marnie Gugisberg Chief Financial Officer 3206345131 2025-08-13 1 1 Heidi M Sachs CPA P01273512 6122536500 2025-08-13 2023 2025-03-06 01:10:19Z Marnie Gugisberg 719 2nd Street Glenwood MN 56334 48883 0 9386 X www.grvillage.org X 1983 MN To support the programs of the Glenwood Retirement Village. 8 8 0 9 0 0 28514 30081 0 0 6953 15982 2820 2820 38287 48883 2000 75533 0 0 0 0 0 0 1053 19386 5213 21386 80746 16901 -31863 582818 550955 9397 9397 573421 541558 The Glenwood Retirement Home Foundation, Inc. exists to fulfill the call of our Lord Jesus Christ to serve others with a primary mission to enhance the quality of life of those we serve through innovative health, housing, spiritual, and social services. 0 0 75533 75533 0 The Glenwood Retirement Home Foundation is the public relations, education, and fund development arm of the Glenwood Village Care Center. All gifts to the Foundation are managed by the Board of Directors and funds dispersed according to the needs and grant requests of the other related entities.Grants made by the Foundation in the past year included a Christmas bonus for the employees and employee appreciation events. Funds were also used to help purchase a new van for resident transportation. 75533 1 0 0 0 0 0 0 0 0 1 1 1 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 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X Emily Benham 3206345760 719 2nd Street SE Glenwood MN 56334 X Doug Bogie Chair 0.30 0.60 X X 0 0 0 Allen Dahlseng Vice Chair 0.30 0.60 X X 0 0 0 Jodi McGinty to Mar 2024 Director 0.30 0.60 X 0 0 0 Laura Jergenson Director 0.30 0.60 X 0 0 0 Tom Talle Director 0.30 0.60 X 0 0 0 Mike Larson Director 0.30 0.60 X 0 0 0 Sharon Braaten Director 0.30 0.60 X 0 0 0 Sharon Isdahl Director 0.30 0.60 X 0 0 0 Caryl Nelson Director 0.30 0.60 X 0 0 0 Jason Garcia to Jun 2024 Executive Director 1.00 19.00 X 0 0 0 Angie Urman to Aug 2024 Interim Administrator 1.00 19.00 X 0 0 0 Emily Benham from Aug 2024 Executive Director 1.00 39.00 X 0 0 0 Marnie Gugisberg Chief Financial Officer 1.00 19.00 X 0 0 0 0 0 0 0 0 0 0 0 30081 30081 15982 15982 2820 0 2820 2820 2820 48883 0 0 18802 75533 75533 3185 3185 975 975 Fundraising Expenses 1053 1053 80746 75533 4160 1053 62076 64003 35248 30716 4532 4532 480329 436746 35881 45674 582818 550955 9397 9397 9397 9397 X 444949 454942 128472 86616 573421 541558 582818 550955 -31863 0 X 0 1 X 0 0 X 40001 34483 36143 28514 30081 169222 40001 34483 36143 28514 30081 169222 5726 163496 4438 4291 7167 9773 18802 44471 213693 0.76510 0.82280 X 35881 9793 45674 35881 2130 2130 35881 35881 1567 1567 35881 35881 1127 1127 35881 35881 1449 1449 35881 0.00000 1.00000 0.00000 1 0 28955 28955 0 6293 1761 4532 4532 Beneficial interest in ELCA Foundation 45674 F 45674 Related Party Payable 9397 9397 X 48883 0 48883 0 48883 80746 0 80746 0 80746 Part V, Line 4: The organization is the beneficiary of an endowment held by the ELCA. Investment earnings from the fund are used to support the exempt purpose of the organization. Part X, Line 2: Glenwood Retirement Home Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the combined financial statements. Glenwood Retirement Home Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 1 Glenwood Village Care Center Inc 719 2nd Street SE Glenwood MN 56334 410872240 501(c)(3) 75533 0 Van Purchase 1 0 Part I, Line 2: The Foundation follows up on use of funds and the Foundation's board overlaps with Glenwood Village Care Center Inc. Form 990, Part VI, Section A, line 1a The Board of Directors may designate two or more of their members to constitute an Executive Committee. To the extent determined by the Board, the Executive Committee shall have the authority of the Board in the management of the business of the corporation. The Executive Committee shall act only in the interval between meetings of the Board, and at all times is subject to the control and direction of the Board. Form 990, Part VI, Section A, line 2 All board members have a business relationship. Form 990, Part VI, Section A, line 3 Glenwood Retirement Home Foundation, Inc. has a management agreement with Vivie, an unrelated organization, that began in October 2022. Glenwood Retirement Home Foundation, Inc. pays 4.25% of revenues to Vivie to cover all management functions and oversight of the organization. Individuals listed in Form 990, Part VII that are paid under this agreement by Glenwood Retirement Home Foundation include Jason Garcia, Angie Urman, and Emily Benham as top management officials and Marnie Gugisberg as top financial official. They were compensated $366, $308, $198, and $135 for these services respectively in fiscal year 2024. Form 990, Part VI, Section A, line 6 The non-voting members of the Corporation shall consist of Christian congregations electing to participate. Fifty-one percent or more of such congregations shall be affiliated with the Evangelical Lutheran Church in America. Voting members consist of all the pastors of the congregations electing to participate and at least two lay-delegates for each such congregation. Said congregations having 200 or more confirmed members may have one additional voting member for each 100 confirmed members or a major fraction thereof over the first 200. Form 990, Part VI, Section A, line 7a Each of our affiliated churches chooses one member to be on the Board of Directors. Form 990, Part VI, Section A, line 7b The members vote on changes to the Bylaws. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the CFO and is then provided to the Board for review prior to filing. Form 990, Part VI, Section B, line 12c All employees and Board Members are covered by the conflict of interest policy. Management will determine if a conflict exists. If a conflict exists, the individual will refrain from participating in the discussion and vote. Each individual is required to complete a conflict of interest form annually. Form 990, Part VI, Section B, line 15 Glenwood Retirement Home Foundation, Inc. has a management agreement with Vivie, an unrelated organization. Glenwood Retirement Home Foundation, Inc. pays 4.25% of revenues to Vivie to cover all management functions including compensating management and financial officials. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Glenwood Village Care Center Inc 719 SE 2nd Street Glenwood MN 56334 410872240 Skilled nursing and assisted living services. MN 501(c)(3) Line 10 N/A 1 Glenwood Plaza Inc 719 SE 2nd Street Glenwood MN 56334 411477434 Independent senior housing. MN 501(c)(3) Line 10 N/A 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 Schedule R, Part II, Column (f): Glenwood Plaza, Inc., Glenwood Village Care Center, Inc., and Glenwood Retirement Home Foundation, Inc. have 100% board overlap. Therefore, they are considered controlled and controlling organizations per Section 512(b)(13).