2020-11-16T16:46:40-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-01-01 911982139 ECUMEN ECUM 6217664300 3530 LEXINGTON AVENUE NORTH SHOREVIEW MN 55126 MORSHED ALAM CFO 6217664300 2020-11-16 1 CHRISTOPHER STEINHOFF P01587351 6123764500 2020-11-16 96.3.178.222 2020-11-16 12:09:03 CS P 17A7653D3E03680D17212B91FE73DB0ACEF0D795 C4CE747C90AD17B1CA3108BCA630BBDD7A78C999 2019 2021-01-29 14:40:06Z SHELLEY KENDRICK 3530 LEXINGTON AVENUE NORTH SHOREVIEW MN 55126 148692690 1 0 9386 X WWW.ECUMEN.ORG X 1923 MN WE CREATE HOMES FOR OLDER ADULTS, WHEREVER THEY CHOOSE TO LIVE. 13 13 3339 1500 42663 0 1142750 688546 138346238 139383265 2180034 6713090 631104 1090278 142300126 147875179 168139 233576 0 0 80755306 86711102 0 0 710120 63272434 59409674 144195879 146354352 -1895753 1520827 303862955 323532756 260249170 272522518 43613785 51010238 WE CREATE HOMES FOR OLDER ADULTS, WHEREVER THEY CHOOSE TO LIVE. 0 0 114419540 233576 139383265 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, 2019, 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. 114419540 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 343 0 3339 1 1 1 1 CJ 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MN X MORSHED ALAM 6517664300 3530 LEXINGTON AVENUE NORTH SHOREVIEW MN 55126 KATHRYN ROBERTS PRESIDENT/CEO (THRU JAN 2019) 39.00 1.00 X 559643 0 78363 SHELLEY KENDRICK PRESIDENT/CEO 39.00 1.00 X 467728 0 76464 SCOTT MCGUIRE CFO/SR VP OF FINANCE(THRU JUNE 2019) 39.00 1.00 X 333052 0 28672 WILLIAM MCGARRY SR. VP OF INFORMATION TECH 40.00 0.00 X 292200 0 57288 JULIE MURRAY SR VP OF MARKETING/DEV 40.00 0.00 X 304336 0 31813 AMY KORZENOWSKI SR REGIONAL DIRECTOR OF OP 40.00 0.00 X 279781 0 26065 BRET ANDERSON VP OF NURSING SERVICES 40.00 0.00 X 215805 0 31894 MEL SULLIVAN SR VP PUBLIC AFFAIRS/CFO 40.00 0.00 X 205671 0 30358 JENNIFER PFEFFER SR REGIONAL DIRECTOR OF OP 40.00 0.00 X 193321 0 41212 DENA MEYER VP SALES/MARKETING & CLIENT RELATIONS 40.00 0.00 X 186210 0 37371 CYNTHIA MOWAN VP OF FINANCE 39.00 1.00 X 198245 0 23806 ANASTASIA HANLEY SR VP OF PHILANTROPY(THROUGH DEC 2018) 40.00 0.00 X 95969 0 0 MORSHED ALAM CFO/SR VP OF FINANCE 39.00 1.00 X 47464 0 6923 DARRELL TUKUA CHAIR 1.00 0.00 X X 0 0 0 DEBBIE CERVENKA VICE CHAIR 1.00 0.00 X X 0 0 0 GAIL OLSON SECRETARY 1.00 0.00 X X 0 0 0 ANN BARKELEW TREASURER 1.00 0.00 X X 0 0 0 SUSIE CROCKETT TRUSTEE 1.00 0.00 X 0 0 0 J MICHAEL DADY TRUSTEE 1.00 0.00 X 0 0 0 DAVID DURENBERGER TRUSTEE 1.00 0.00 X 0 0 0 ROBERT HOFFMAN TRUSTEE 1.00 0.00 X 0 0 0 LISA KRO TRUSTEE 1.00 0.00 X 0 0 0 RICHARD OLSON TRUSTEE 1.00 0.00 X 0 0 0 JOHN PETRABORG TRUSTEE 1.00 0.00 X 0 0 0 JIM SCHOWALTER TRUSTEE 1.00 0.00 X 0 0 0 NANCY THOMPSON ULVESTAD TRUSTEE 1.00 0.00 X 0 0 0 3379425 0 470229 52 0 1 0 LIFESTYLE COMMUNITIES LLC 6597 HARBOR BEACH NE PRIOR LAKE MN 55372 DEVELOPMENT 915083 GRAY PLANT MOOTY 80 S 8TH ST STE 500 MINNEAPOLIS MN 55402 LEGAL 602436 CLIFTONLARSONALLEN LLP 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 AUDIT & TAX 407369 MCGOUGH CONSTRUCTION CO LLC 2737 FARIVIEW AVENUE NORTH ST PAUL MN 55113 DEVELOPMENT 314147 PATHWAY HEALTH SERVICES 11240 STILLWATER BLVD NORTH LAKE ELMO MN 55042 CONSULTING 273454 11 4000 33676 85065 565805 7775 688546 ASSISTED LIVING FEES 623000 75191143 75191143 NURSING REVENUE 623000 58974284 58974284 MANAGEMENT FEES 541610 3797466 3797466 OTHER OPERATING FEES 623000 696854 696854 MEAL FEES 722210 585933 585933 137585 137585 139383265 1442591 1442591 265265 0 265265 265265 265265 960652 5091267 283797 497623 676855 4593644 5270499 5270499 5934 33676 10779 -4845 -4845 44203 25312 18891 18891 CAFE/CATERING REVENUES 722320 594801 594801 TENANT FEES 623000 329929 329929 MISCELLANEOUS 900099 76047 42663 33384 -189810 -189810 810967 147875179 139383265 42663 7760705 233576 233576 1520245 1520245 67357626 51402094 15653606 301926 2228373 1513453 705618 9302 10364470 8048018 2198394 118058 5240388 4038983 1163961 37444 1458952 1458952 268167 179403 88383 381 200934 2280 198654 8186012 6586690 1462310 137012 848575 22596 825896 83 1080581 811629 260062 8890 1425294 658659 746197 20438 9129652 7901390 1228262 1251007 714996 525945 10066 496959 157298 314929 24732 9746074 9657120 88954 11775378 11232374 543004 910364 26505 883859 RESIDENT CARE SUPPLIES 7850458 7850458 PROGRAM EXPENSE 1793224 1793224 SURCHARGE 890478 890478 EQUIP. RENTAL & MAINT. 746306 234880 505573 5853 1351259 463436 851888 35935 146354352 114419540 31224692 710120 21457363 24504089 4541128 4592781 14341876 15455832 1050361 2016900 597561 578029 323805411 128880513 203887215 194924898 34550486 41521707 2422511 2735447 4951217 4877911 16063237 32325162 303862955 323532756 14388613 13914456 -132796 403443 74799737 160730683 2156670 2452437 158803885 83880437 10233061 11141062 260249170 272522518 X 38511244 45836071 5102541 5174167 43613785 51010238 303862955 323532756 X 1520827 5610644 264982 X 0 1 X 1 0 X 3605371 3075114 2231219 1142750 688546 10743000 143553103 153698817 153640281 138346238 139383265 728621704 147158474 156773931 155871500 139488988 140071811 739364704 131190 111011 11850 205837 27650 487538 0 131190 111011 11850 205837 27650 487538 738877166 845436 906752 961295 1593024 1707856 6014363 845436 906752 961295 1593024 1707856 6014363 1522610 636870 107301 346022 818444 3431247 149526520 158317553 156940096 141428034 142598111 748810314 0.98670 0.98750 0.00800 0.00670 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 LAUNDRY REVENUE MAINTENANCE/REPAIRS INCOME HOUSEKEEPING BEAUTY SHOP DEBT REFINANCING LOSS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 0 PART II-B, LINE 1, LOBBYING ACTIVITIES ECUMEN PAID $161,797 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. 0 1 X 5102539 355149 458058 741581 5174165 6467725 730328 -385024 1710490 5102539 5691560 1355320 273960 853115 6467725 5568271 1857857 27715 1762283 5691560 5517731 1333259 -305205 977515 5568271 0.00000 0.67000 0.33000 1 0 15879931 15879931 276868053 107160914 169707139 28104108 21719599 6384509 2953319 2953319 194924898 TENANT SECURITY DEPOSITS 2641106 BOND & MORTGAGE INDENTURE AGREEMENTS 27448812 WORKERS COMPENSATION RESERVE 1200000 OTHER 939282 LETTER OF CREDIT COLLATERAL 95962 32325162 ASSET RETIREMENT OBLIGATIONS 9411786 INSURANCE CLAIMS RESERVES 1729276 11141062 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, 2019 OR DECEMBER 31, 2018. 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 0 0 INVESTMENTS 1913018 0 0 0 0 0 0 1913018 0 1913018 1 0 1 1 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: DL CHARITY BENEFIT 13677 12333 1344 115 1356 750 1617 LITCHFIELD HOSPICE DINNER 25933 21343 4590 4590 2351 0 39610 33676 5934 115 5946 750 3968 10779 -4845 1 EDUCATION GRANTS 69 97185 EMPLOYEE ASSISTANCE 116 136391 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 KATHRYN ROBERTS PRESIDENT/CEO (THRU JAN 2019) 354932 0 202865 0 1846 0 53304 0 25059 0 638006 0 0 0 SHELLEY KENDRICK PRESIDENT/CEO 375075 0 90378 0 2275 0 41872 0 34592 0 544192 0 0 0 SCOTT MCGUIRE CFO/SR VP OF FINANCE(THRU JUNE 2019) 244281 0 88439 0 332 0 13891 0 14781 0 361724 0 0 0 WILLIAM MCGARRY SR. VP OF INFORMATION TECH 228264 0 61537 0 2399 0 24911 0 32377 0 349488 0 0 0 JULIE MURRAY SR VP OF MARKETING/DEV 234474 0 69034 0 828 0 23392 0 8421 0 336149 0 0 0 AMY KORZENOWSKI SR REGIONAL DIRECTOR OF OP 234582 0 44838 0 361 0 24754 0 1311 0 305846 0 0 0 BRET ANDERSON VP OF NURSING SERVICES 185428 0 30154 0 223 0 20382 0 11512 0 247699 0 0 0 MEL SULLIVAN SR VP PUBLIC AFFAIRS/CFO 204658 0 0 0 1013 0 22064 0 8294 0 236029 0 0 0 JENNIFER PFEFFER SR REGIONAL DIRECTOR OF OP 160989 0 31322 0 1010 0 18242 0 22970 0 234533 0 0 0 DENA MEYER VP SALES/MARKETING & CLIENT RELATION 155450 0 30530 0 230 0 17629 0 19742 0 223581 0 0 0 CYNTHIA MOWAN VP OF FINANCE 164896 0 32348 0 1001 0 9701 0 14105 0 222051 0 0 0 PART I, LINES 4A-C SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: KATHRYN ROBERTS - 457(F) - $19,000 SEVERANCE: ANASTASIA HANLEY - $28,538 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 2230000 4120000 3841720 278280 2003 1 0 1 1 B 1900000 8100000 302750 7797250 2006 0 0 1 1 C 3780000 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 1775610 8300000 7984423 154104 161473 2012 1 0 1 1 B 1955455 9140000 8792485 169700 177815 2012 1 0 1 1 C 1189533 5560000 5348602 103231 108167 2012 1 0 1 1 D 889688 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 1925000 18520000 18046679 473321 2013 1 0 1 1 B 2167859 9125000 9013939 111061 2013 1 0 1 1 C 513549 2670748 2635369 35379 2013 1 0 1 1 D 925133 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 2315000 8316913 8067611 249302 2014 1 0 1 1 B 665000 6797665 6593903 203762 2014 0 1 1 1 C 430000 32052494 1938070 640000 29205866 268558 2016 0 0 1 1 D 848175 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 745000 10105987 9155987 315000 635000 2016 1 0 1 1 B 630000 10390000 10183139 206861 2017 1 1 1 1 C 80000 5965000 5846344 118656 2018 1 0 1 1 D 99183 6000000 5560982 83562 355456 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 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 -64,695. PERMANENTLY RESTRICTED ACTIVITY 312,935. NA RELEASED FOR OPERATIONS 16,742. 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