2021-11-15T16:18:36-06:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2020-01-01 911982139 ECUMEN ECUM 6217664300 3530 LEXINGTON AVENUE NORTH SHOREVIEW MN 55126 SCOTT BJERKETVEDT VICE PRESIDENT 6217664300 2021-11-15 1 SCOTT BJERKETVEDT 999009999 CHRISTOPHER STEINHOFF P01587351 6123764500 2021-11-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SHELLEY KENDRICK 3530 LEXINGTON AVENUE NORTH SHOREVIEW MN 55126 148319502 1 0 9386 X WWW.ECUMEN.ORG X 1923 MN WE CREATE HOMES FOR OLDER ADULTS, WHEREVER THEY CHOOSE TO LIVE. 12 12 4291 500 42660 0 688546 5475027 139383265 133541861 6713090 2379878 1090278 600252 147875179 141997018 233576 238639 0 0 86711102 88589713 0 0 622931 59409674 58307688 146354352 147136040 1520827 -5139022 323532756 320905908 272522518 271762950 51010238 49142958 WE CREATE HOMES FOR OLDER ADULTS, WHEREVER THEY CHOOSE TO LIVE. 0 0 118018276 238639 133541861 ECUMEN IS A MINNESOTA NONPROFIT CORPORATION ORGANIZED PRIMARILY TO OWN, OPERATE, MANAGE AND SUPPORT SENIOR LIVING AND HEALTH CARE COMMUNITIES. HOUSING AND SERVICES FOR SENIORS ARE PROVIDED AT ECUMEN COMMUNITIES THROUGH A CONTINUUM OF CARE, INCLUDING VARIOUS LEVELS OF RESIDENTIAL LIVING AND SKILLED NURSING AS WELL AS OTHER COMMUNITY-BASED PROGRAMS AND SERVICES, INCLUDING HOME HEALTH CARE AND OUTPATIENT THERAPIES. AS OF DECEMBER 31, 2020, ECUMEN AND ITS AFFILIATES OWNED OR LEASED 42 HEALTH CARE AND OTHER FACILITIES, INCLUDING 11 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SUBSIDIZED HOUSING PROJECTS. AN ADDITIONAL 20 HEALTH CARE AND OTHER FACILITIES WERE MANAGED FOR UNRELATED THIRD-PARTY OWNERS. 118018276 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 400 0 4291 1 1 1 1 CJ 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MN X SHELLY KENDRICK 6517664300 3530 LEXINGTON AVENUE NORTH SHOREVIEW MN 55126 SHELLEY KENDRICK PRESIDENT/CEO 39.00 1.00 X 423828 0 48383 MEL SULLIVAN SR VP & CHIEF PEOPLE OFFICER 40.00 0.00 X 308133 0 19405 MORSHED ALAM CFO/SR VP OF FINANCE 39.00 1.00 X 314455 0 0 BRET ANDERSON SR VP CHIEF ECOSYSTEM & OPERATIONS OFFICER 40.00 0.00 X 241011 0 6862 SUE LEE SR VP CHIEF COMMUNICATIONS & MARKETING OFFICER 40.00 0.00 X 193038 0 48176 JENNIFER PFEFFER SR REGIONAL DIRECTOR OF OP 40.00 0.00 X 175046 0 37915 DENA MEYER VP SALES & MARKETING & CLIENT RELATIONS 40.00 0.00 X 173000 0 30568 KATIE LUNDMARK REGIONAL DIRECTOR OF OPERATIONS 40.00 0.00 X 153795 0 46633 JULIE MURRAY SR VP BUSINESS DEVELOPMENT (THRU MAR 2020) 40.00 0.00 X 173941 0 15322 KRINSTINA GUINDON REGIONAL DIRECTOR OF OPERATIONS 40.00 0.00 X 159097 0 22947 KERRI KELLER VP PEOPLE SERVICES 40.00 0.00 X 164082 0 14731 DEBBIE CERVENKA CHAIR 1.00 0.00 X X 0 0 0 J MICHAEL DADY VICE CHAIR 1.00 0.00 X X 0 0 0 LISA KRO TREASURER 1.00 0.00 X X 0 0 0 NANCY THOMPSON ULVESTAD SECRETARY 1.00 0.00 X X 0 0 0 DAN ABDUL TRUSTEE 1.00 0.00 X 0 0 0 ANN BARKELEW TRUSTEE 1.00 0.00 X 0 0 0 JAN CONLIN TRUSTEE 1.00 0.00 X 0 0 0 SUSIE CROCKETT TRUSTEE 1.00 0.00 X 0 0 0 PETER JACOBSON TRUSTEE 1.00 0.00 X 0 0 0 RICHARD OLSON TRUSTEE 1.00 0.00 X 0 0 0 JOHN PETRABORG TREASURER 1.00 0.00 X X 0 0 0 PHIL ROLLE TRUSTEE 1.00 0.00 X 0 0 0 JAMES SCHOWALTER TRUSTEE (THRU AUG 2020) 1.00 0.00 X 0 0 0 2479426 0 290942 60 0 1 0 LIFESTYLE COMMUNITIES LLC 6597 HARBOR BEACH NE PRIOR LAKE MN 55372 DEVELOPMENT 1628644 MCGOUGH CONSTRUCTION CO LLC 2737 FARIVIEW AVENUE NORTH ST PAUL MN 55113 DEVELOPMENT 1072908 NATHAN WELANDER 1108 9TH CIRCLE NW WASECA MN 56093 DEVELOPMENT 397900 CLIFTONLARSONALLEN LLP 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 AUDIT & TAX 387776 LINCOLN WASTE SOLUTIONS LLC 2075 SILAS DEANE HIGHWAY ROCKY HILL CT 06067 WASTE REMOVAL 286613 12 4716075 758952 30135 5475027 ASSISTED LIVING FEES 623000 74223435 74223435 NURSING REVENUE 623000 54145706 54145706 MANAGEMENT FEES 541610 3869076 3869076 OTHER OPERATING FEES 623000 693966 693966 MEAL FEES 722210 566217 566217 43461 43461 133541861 871246 871246 200012 0 200012 200012 200012 7812679 5784266 519781 2028413 -519781 1508632 1508632 25622 18437 7185 7185 CAFE/CATERING REVENUES 722320 303392 303392 TENANT FEES 623000 298095 298095 MISCELLANEOUS 900099 83250 42660 40590 -291682 -291682 393055 141997018 133541861 42660 2937470 238639 238639 2224791 2224791 68162749 53579355 14203597 379797 2284253 1602444 671116 10693 10112509 8012068 2051115 49326 5805411 4142057 1636110 27244 1324981 1324981 291603 230715 55293 5595 257331 3144 254187 67500 67500 6746304 5522955 1148961 74388 638976 19066 619354 556 1190918 961899 218080 10939 1921849 1365876 535682 20291 8883879 7679669 1204210 762418 568344 192980 1094 105367 40470 61147 3750 9349591 9262756 86835 11945311 11450677 494634 1237696 1103567 134129 RESIDENT CARE SUPPLIES 7494163 7494163 PROGRAM EXPENSE 2215538 2181684 33854 GRANT & DONATION EXPENS 910168 910168 SURCHARGE 838870 838870 2125225 809690 1310131 5404 147136040 118018276 28494833 622931 24504089 21546452 4592781 4597617 15455832 17160076 2016900 8450 142063 578029 1357794 335574633 131422538 194924898 204152095 41521707 47198870 2735447 2971659 4877911 4824043 32325162 16946789 323532756 320905908 13914456 14816774 403443 1252347 160730683 156159351 2452437 2468538 83880437 86208089 11141062 10857851 272522518 271762950 X 45836071 43619279 5174167 5523679 51010238 49142958 323532756 320905908 X -5139022 2915526 356216 X X 0 1 X 1 0 X 3075114 2231219 1142750 688546 5475027 12612656 153698817 153640281 138346238 139383265 133541861 718610462 156773931 155871500 139488988 140071811 139016888 731223118 111011 11850 205837 27650 51043 407391 0 111011 11850 205837 27650 51043 407391 730815727 906752 961295 1593024 1707856 1071258 6240185 906752 961295 1593024 1707856 1071258 6240185 636870 107301 346022 818444 376017 2284654 158317553 156940096 141428034 142598111 140464163 739747957 0.98790 0.98670 0.00840 0.00800 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: SPECIAL EVENT REVENUES FACILITY USE FEES MISCELLANEOUS INCOME CAFE/CATERING REVENUES SALES OF INVENTORY TENANT FEES DEBT REFINANCING LOSS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 67500 0 1 0 67500 0 PART II-B, LINE 1: ECUMEN PAID $162,034 FOR MEMBERSHIP DUES TO AGING SERVICERS OF MINNESOTA AND LEADING AGE. THESE AGENCIES ARE INVOLVED IN AGING SERVICES ISSUES RELATED TO LONG TERM CARE, SENIOR HOUSING AND SUPPORTIVE SERVICES THROUGH GRASSROOTS ADVOCACY AND EDUCATION. THESE ASSOCIATIONS DO CONDUCT LOBBYING ACTIVITIES ON BEHALF OF THEIR MEMBERS. THE DUES AMOUNT SHOWN IS THE TOTAL DUES PAID TO THE ASSOCIATIONS, BUT THE PERCENTAGE OF THE DUES ATTRIBUTABLE TO LOBBYING ACTIVITIES HAS NOT BEEN PROVIDED TO ECUMEN. ECUMEN ALSO PAID A LOBBYIST $67,500 IN 2020 FOR LOBBYING SUPPORT. 0 1 X 5174165 448995 236212 335693 5523679 5102539 355149 458058 741581 5174165 6467725 730328 -385024 1710490 5102539 5691560 1355320 273960 853115 6467725 5568271 1857857 27715 1762283 5691560 0.00000 0.67000 0.33000 1 0 15853224 15853224 277499871 115375431 162124440 22469852 16047107 6422745 19751686 19751686 204152095 TENANT SECURITY DEPOSITS 2520882 BOND & MORTGAGE INDENTURE AGREEMENTS 12391482 WORKERS COMPENSATION RESERVE 1200000 OTHER 811266 LETTER OF CREDIT COLLATERAL 23159 16946789 ASSET RETIREMENT OBLIGATIONS 9177919 INSURANCE CLAIMS RESERVES 1679932 10857851 X PART IV, LINE 2B: ECUMEN HOLDS IN TRUST DEPOSIT AMOUNTS RECEIVED BY TENANTS OF THE PROJECT UPON MOVE-IN. THERE ARE SEVERAL DIFFERENT TYPES OF THESE DEPOSITS INCLUDING SECURITY DEPOSIT, RESIDENT TRUST, AND UNIT SHARE. THE TENANT DEPOSITS ARE MAINTAINED IN AN INTEREST-BEARING ACCOUNT SEPARATE FROM ECUMEN'S OPERATING ACCOUNT. WITHDRAWALS ARE RESTRICTED TO THE REIMBURSEMENTS OF DEPOSIT AMOUNT. PART V, LINE 4: PERMANENT ENDOWMENT FUNDS ARE TO BE HELD IN PERPETUITY AND INCOME IS USED TO SUPPORT THE FACILITIES AND PROGRAMS OF ECUMEN. TERM ENDOWMENTS ARE HELD UNTIL THE SPECIFIC TIME OR EVENT HAS OCCURRED. PART X, LINE 2: THE ORGANIZATION HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND MINNESOTA CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE FEDERAL INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. INCOME OR LOSS FROM ACTIVITIES CONSIDERED UNRELATED TO ECUMEN'S TAX EXEMPT PURPOSE IS RECORDED IN THE ACCOUNTS OF ECUMEN SERVICES, INC. INCOME TAXES FOR ECUMEN SERVICES, INC. ARE RECORDED AT THE PREVAILING STATUTORY RATES AND ARE INCLUDED IN OPERATING EXPENSE. THERE WERE NO INCOME TAXES PAYABLE AT DECEMBER 31, 2020 OR DECEMBER 31, 2019. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 2016941 0 0 0 0 0 0 2016941 0 2016941 0 0 0 0 0 0 PART I, LINE 3: THE INVESTMENTS FOR THE REGION ARE ACCOUNTED FOR USING THE FMV OF THE INVESTMENT IN U.S. DOLLARS. PART III ACCOUNTING METHOD: 1 EDUCATION GRANTS 101 108350 EMPLOYEE ASSISTANCE 220 130289 PART I, LINE 2: FOR GRANTS, THE ORGANIZATION TAKES INTO CONSIDERATION THE GRANTEE'S GOALS AND OBJECTIVES WHEN DETERMINING A POTENTIAL CONTRIBUTION. WE FOCUS ON GRANTEES THAT ARE INVOLVED IN THE LONG-TERM CARE INDUSTRY AND LIMIT CONTRIBUTIONS TO ENTITIES THAT ARE DEEMED CHARITABLE ORGANIZATIONS. GRANTS TO RELATED ORGANIZATIONS ARE MONITORED THROUGH COMMON CONTROL AND MANAGEMENT. GRANTS TO NON-RELATED ORGANIZATIONS ARE NOT DIRECTLY MONITORED SUBSEQUENT TO FUNDS BEING GRANTED. SCHOLARSHIP RECIPIENTS ARE REQUIRED TO PROVIDE TUITION STATEMENTS PRIOR TO RECEIVING SCHOLARSHIP FUNDS. EMPLOYEE ASSISTANCE RECIPIENTS ARE REQUIRED TO PROVIDE BILLS AND OTHER EXPENSE STATEMENTS PRIOR TO RECEIVING ASSISTANCE FUNDS. X X X X 1 1 1 1 1 1 1 0 0 SHELLEY KENDRICK PRESIDENT/CEO 423828 0 0 0 0 0 17100 0 31283 0 472211 0 0 0 MEL SULLIVAN SR VP & CHIEF PEOPLE OFFICER 298969 0 7435 0 1729 0 14386 0 5019 0 327538 0 0 0 MORSHED ALAM CFO/SR VP OF FINANCE 314455 0 0 0 0 0 0 0 0 0 314455 0 0 0 BRET ANDERSON SR VP CHIEF ECOSYSTEM & OPERATIONS O 227422 0 13392 0 197 0 4108 0 2754 0 247873 0 0 0 SUE LEE SR VP CHIEF COMMUNICATIONS & MARKETI 161344 0 29372 0 2322 0 13000 0 35176 0 241214 0 0 0 JENNIFER PFEFFER SR REGIONAL DIRECTOR OF OP 167655 0 6329 0 1062 0 10905 0 27010 0 212961 0 0 0 DENA MEYER VP SALES & MARKETING & CLIENT RELATI 166650 0 6110 0 240 0 10692 0 19876 0 203568 0 0 0 KATIE LUNDMARK REGIONAL DIRECTOR OF OPERATIONS 147809 0 5765 0 221 0 9974 0 36659 0 200428 0 0 0 JULIE MURRAY SR VP BUSINESS DEVELOPMENT (THRU MAR 159858 0 13511 0 572 0 9148 0 6174 0 189263 0 0 0 KRINSTINA GUINDON REGIONAL DIRECTOR OF OPERATIONS 158864 0 0 0 233 0 0 0 22947 0 182044 0 0 0 KERRI KELLER VP PEOPLE SERVICES 157795 0 5780 0 507 0 9810 0 4921 0 178813 0 0 0 PART I, LINES 4A-C SEVERANCE (LEADERSHIP RESTRUCTURE): JULIE MURRAY - $55,194 WILLIAM MCGARRY - $37,239 AMY KORZENOWSKI - $36,605 EQUITY-BASED COMPENSATION ARRANGEMENT: SEE THE NARRATIVE IN SCHEDULE J, PART III, RELATED TO PART I, LINE 5. THE BONUSES OPERATE SIMILARLY TO AN EQUITY-BASED COMPENSATION PLAN. PART I, LINE 5 PURPOSE: THE PURPOSE OF THE PLAN IS TO REWARD INDIVIDUAL AND TEAM ACCOMPLISHMENTS OF MANAGEMENT AND PROFESSIONAL STAFF THAT MAKE SIGNIFICANT CONTRIBUTIONS TO THE ACHIEVEMENT OF BUDGETED FINANCIAL AND STRATEGIC GOALS AS ESTABLISHED BY ECUMEN. ELIGIBILITY: ELIGIBILITY FOR THE PLAN IS LIMITED TO REGULAR MANAGEMENT EMPLOYEES WHO RETAIN THE JOB TITLE OF MANAGER, DIRECTOR, SENIOR DIRECTOR, VICE PRESIDENT, SENIOR VICE PRESIDENT OR CHIEF EXECUTIVE LEVEL OF THE HOME OFFICE, AND TO MANAGEMENT STAFF LOCATED OUTSIDE THE HOME OFFICE WITH JOB TITLES OF ADMINISTRATOR, HOUSING MANAGER, AND DEPARTMENT HEAD. OTHER KEY EMPLOYEES MAY BE INCLUDED IN THE PLAN AS APPROVED BY THE CHIEF EXECUTIVE OFFICER. PLAN GOALS: VARIABLE PAY PLAN PAYMENTS ARE EARNED BASED ON ACHIEVING AN ACTUAL EBITDA (EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION & AMORTIZATION) FOR THE YEAR THAT FALLS WITHIN A RANGE OF 93% - 115% OF BUDGETED OPERATING EBITDA. HOME OFFICE PARTICIPANTS WILL HAVE ONLY ONE GOAL AROUND ECUMEN'S BUDGETED OPERATING EBITDA. LOCATION PARTICIPANTS WILL HAVE TWO GOALS, WITH 80% BASED ON LOCAL BUDGETED OPERATING EBITDA ACHIEVEMENT AND 20% ON CONSOLIDATED ACHIEVEMENT. BOTH THE LOCATION AND THE CONSOLIDATED THRESHOLDS MUST BE MET IN ORDER FOR A LOCATION TO RECEIVE A PAYOUT UNDER THIS PLAN. REGIONAL DIRECTORS HAVE THE SAME TWO GOALS WITH THE LOCAL GOAL BASED ON CAMPUS OPERATIONS. ECUMEN RESERVES THE RIGHT TO CHANGE THE EBITDA TO REFLECT CHANGES IN THE CURRENT BUSINESS PORTFOLIO. CHANGES ARE COMMUNICATED TO PARTICIPANTS. PART I, LINE 6 SEE THE NARRATIVE IN SCHEDULE J, PART III, RELATED TO PART I, LINE 5. THE BONUSES ARE BASED ON EBITDA (EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION), WHICH IS CLOSELY RELATED TO BOTH REVENUES AND NET EARNINGS. A CITY OF OWATONNA MN 416005444 690562AA1 2003-06-30 4120000 REFINANCING SERIES 2000 BONDS 0 0 0 B CITY OF PINE CITY MN 416005456 722518AA5 2006-04-27 8100000 PURCHASE OF FACILITIES 0 0 0 C CITY OF MOORHEAD MN 416005386 61615CAB8 2012-09-27 10076874 REFINANCING SERIES 2005A AND 2008A BONDS 0 0 0 D MOORHEAD ECONOMIC DEVELOPMENT AUTHORITY MN 411671510 61615JAR8 2012-09-27 10000000 REFINANCING SERIES 2005A AND 2008A BONDS 0 0 0 A 2400000 4120000 3841720 278280 2003 1 0 1 1 B 2100000 8100000 302750 7797250 2006 0 0 1 1 C 4385000 10076874 9830951 245923 2012 1 0 1 1 D 10000000 9757473 242527 2012 1 0 1 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 D 1 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CITY OF OWATONNA, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 04/01/2008 ISSUER NAME: CITY OF PINE CITY, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 04/14/2016 ISSUER NAME: CITY OF MOORHEAD, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 08/31/2017 ISSUER NAME: MOORHEAD ECONOMIC DEVELOPMENT AUTHORITY, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 08/31/2017 ISSUER NAME: HOUSING AND REDEVELOPMENT AUTHORITY OF DULUTH, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 08/31/2017 ISSUER NAME: LAKE COUNTY HOUSING AND REDEVELOPMENT AUTHORITY, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 08/31/2017 ISSUER NAME: TOWN OF RICE LAKE, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 08/31/2017 ISSUER NAME: CITY OF FALCON HEIGHTS, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 01/06/2018 ISSUER NAME: CITY OF CHISAGO CITY, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 08/23/2017 ISSUER NAME: CITY OF ST. CLAIR, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 08/24/2018 ISSUER NAME: CITY OF DETROIT LAKES, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 08/23/2018 A HOUSING AND REDEVELOPMENT AUTHORITY OF DULUTH MN 416006975 2012-09-28 8300000 REFINANCING SERIES 2004A, 2004B, 2004C, AND 2005 BONDS 0 0 0 B LAKE COUNTY HOUSING AND REDEVELOPMENT AUTHORITY MN 411563472 2012-09-28 9140000 REFINANCING SERIES 2004A, 2004B, 2004C, AND 2005 BONDS 0 0 0 C TOWN OF RICE LAKE MN 416005489 2012-09-28 5560000 REFINANCING SERIES 2004A, 2004B, 2004C, AND 2005 BONDS 0 0 0 D CITY OF FALCON HEIGHTS MN 416007644 2013-01-04 4400000 REFINANCING SERIES 2005A BONDS 0 0 0 A 2060544 8300000 7984423 154104 161473 2012 1 0 1 1 B 2269248 9140000 8792485 169700 177815 2012 1 0 1 1 C 1380418 5560000 5348602 103231 108167 2012 1 0 1 1 D 1035096 4400000 4330395 69605 2013 1 0 1 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 D 1 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 A CITY OF CHISAGO CITY MN 416005046 17012CAR4 2013-07-25 18520000 REFINANCING SERIES 2004A AND 2004B BONDS 0 0 0 B CITY OF ST CLAIR MN 416007794 363651LZ1 2013-07-30 9125000 REFINANCING SERIES 2004D, 2004E, AND 2006 BONDS 0 0 0 C CITY OF DETROIT LAKES MN 416005098 2013-08-01 2670748 REFINANCING SERIES 2004A BONDS 0 0 0 D CITY OF NORTH BRANCH MN 416005421 2014-11-25 4075000 REFINANCING SERIES 2006B BONDS 0 0 0 A 2285000 18520000 18046679 473321 2013 1 0 1 1 B 2561992 9125000 9013939 111061 2013 1 0 1 1 C 606982 2670748 2635369 35379 2013 1 0 1 1 D 1124294 4075000 3959540 115460 2014 1 0 1 1 A 1 0 0 0 0 1 0.12100 0 1 B 1 0 0 0 0.01000 0.01000 0.02000 0 0 1 C 1 0 0 0 0 0 1 D 1 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A CITY OF LAKE CRYSTAL MN 416005294 509530BT7 2014-12-18 8316913 REFINANCING SERIES 2006 BONDS 0 0 0 B CITY OF OWATONNA MN 416005444 690558AL5 2014-12-18 6797665 REFINANCING SERIES 2006 BONDS 0 0 0 C CITY OF MINNEAPOLIS MN 416005375 603786AN2 2015-05-18 32052494 NEW CONSTRUCTION 0 0 0 D CITY OF WORTHINGTON MN 416005656 2016-03-15 5900000 REFINANCE SERIES 2007A BONDS 0 0 0 A 2485000 8316913 8067611 249302 2014 1 0 1 1 B 805000 6797665 6593903 203762 2014 0 1 1 1 C 875000 32052494 1866395 640000 29205866 340233 2016 0 0 1 1 D 1091129 5900000 5795819 104181 2016 1 0 1 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 D 1 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A CITY OF VERGAS MN 410900504 923413AN8 2016-08-29 10105987 REFINANCE SERIES 2006 AND 2007 BONDS 0 0 0 B CITY OF MAPLEWOOD MN 416008920 565584AL3 2017-12-21 10390000 REFINANCE SERIES 2010 APPLE VALLEY AND MAPLEWOOD BONDS 0 0 0 C CITY OF ST PETER MN 416008920 793180AM2 2018-07-24 5965000 REFINANCE SERIES 2010 LAKE CRYSTAL BONDS 0 0 0 D CITY OF WORTHINGTON MN 416005656 2019-06-27 6000000 REFINANCE SERIES 2014 BONDS 0 0 0 A 995000 10105987 9155987 315000 635000 2016 1 0 1 1 B 950000 10390000 10183139 206861 2017 1 1 1 1 C 280000 5965000 5846344 118656 2018 1 0 1 1 D 368364 6000000 5916438 83562 2019 1 0 1 1 A 1 0 0 0 0 1 0.35900 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 D 1 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A CITY OF EAGLE LAKE MN 416005110 2019-10-01 10000000 NEW CONSTRUCTION 0 0 0 B CITY OF OWATONNA MN 416005444 2019-10-01 7615000 NEW CONSTRUCTION 0 0 0 A 10000000 112424 9887576 2019 0 0 1 1 B 7615000 112424 7502576 2019 0 0 1 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 X 254 30135 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE INCLUDES THE CHAIR, THE PRESIDENT, THE VICE CHAIR(S), THE TREASURER AND THE SECRETARY. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS OF THE ORGANIZATION IN THE INTERVAL BETWEEN BOARD MEETINGS, AND THE EXECUTIVE COMMITTEE IS AT ALL TIMES SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD. THE EXECUTIVE COMMITTEE HAS SUCH OTHER DUTIES AS MAY BE PRESCRIBED BY THE BOARD FROM TIME TO TIME. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION CONSIST OF THOSE INDIVIDUALS WHO ARE CONCURRENTLY MEMBERS OF THE MEMBERS ASSEMBLY, AN ELECTORAL BODY THAT IS ELECTED, DIRECTLY AND INDIRECTLY, BY THE SIX MINNESOTA SYNODS OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION ELECT ALL TRUSTEES AFTER CONSIDERATION OF A SLATE OF NOMINEES APPROVED BY THE NOMINATING COMMITTEE. THE NOMINATING COMMITTEE CONSISTS OF FIVE MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS OF THE BOARD OF TRUSTEES REQUIRE APPROVAL FROM THE MEMBERS: 1. AMENDMENTS TO THE ARTICLES OF INCORPORATION 2. AMENDMENTS TO THE BYLAWS 3. APPOINTMENT OF INDIVIDUALS TO THE BOARD OF TRUSTEES FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE CEO, THEN PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL, THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ECUMEN'S CONFLICT OF INTEREST POLICY APPLIES TO ALL TRUSTEES, OFFICERS, MANAGERS AND EMPLOYEES WHO CAN INFLUENCE THE ACTIONS OF ECUMEN, INCLUDING THOSE WHO MAKE PURCHASING DECISIONS OR WHO HAVE PROPRIETARY INFORMATION CONCERNING ECUMEN. THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO APPLICABLE PARTIES ANNUALLY AND A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT IS OBTAINED. THE POLICY STATES THAT IT IS THE RESPONSIBILITY OF THE APPLICABLE PARTY TO DISCLOSE A POTENTIALLY CONFLICTING TRANSACTION BEFORE IT IS CONSUMMATED AND TO CONTINUE TO SCRUTINIZE THEIR TRANSACTIONS AND DISCLOSE POTENTIAL CONFLICTS IMMEDIATELY. THE SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE MONITORED BY AN H.R. GENERALIST IN THE HOME OFFICE AND BY THE VICE PRESIDENT OF HUMAN RESOURCES. THE VICE PRESIDENT OF HUMAN RESOURCES NOTIFIES THE CEO FOR DISCLOSURES INVOLVING EMPLOYEES, UNLESS THE EMPLOYEE IS THE CEO IN WHICH CASE THE BOARD CHAIR IS NOTIFIED. THE BOARD CHAIR NOTIFIES THE BOARD OR THE APPLICABLE COMMITTEE OF THE BOARD. DISCLOSURES INVOLVING TRUSTEES ARE MADE TO THE BOARD CHAIR, UNLESS THE BOARD CHAIR HAS A CONFLICT IN WHICH CASE THE VICE-CHAIR IS NOTIFIED. CONTROLS ARE PUT INTO PLACE TO MINIMIZE THE RISK OF A CONFLICT. THE CONTROLS ARE SPECIFIC TO THE POTENTIAL AREA OF CONFLICT. FOR INSTANCE, IF AN EMPLOYEE PROVIDES DAILY WORK DIRECTION TO A FAMILY MEMBER, ALL SALARY-RELATED DECISIONS FOR THAT FAMILY MEMBER WOULD BE ASSIGNED TO ANOTHER (NON-RELATED) PERSON. DURING BOARD DISCUSSIONS, THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL FOR THE CONFLICTING TRANSACTION. OTHER SPECIFIC RESTRICTIONS MAY BE IMPOSED, DEPENDING ON THE CONFLICT. A COMPETITIVE BID OR COMPARABLE VALUATION MUST EXIST. THE BOARD, OR DULY CONSTITUTED COMMITTEE, HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT OUTSIDE CONSULTANT IS USED TO MAKE RECOMMENDATIONS FOR THE COMPENSATION OF THE PRESIDENT/CEO AND VICE PRESIDENTS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES COMPENSATION FOR THE PRESIDENT/CEO. THE PRESIDENT/CEO CAN APPROVE THE COMPENSATION FOR THE OTHER EXECUTIVE POSITIONS, BUT REVIEWS HER RECOMMENDATIONS WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO IMPLEMENTATION. A COMPLETE REVIEW OF THE VICE PRESIDENTS WAS COMPLETED IN 2019. THE PRESIDENT/CEO REVIEW IS COMPLETED ANNUALLY AND WAS LAST COMPLETED IN 2019. FORM 990, PART VI, SECTION C, LINE 19 ECUMEN'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER 120,000. PERMANENTLY RESTRICTED ACTIVITY 236,208. ROUNDING 8. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE FILING YEAR. 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