2011-05-03T13:10:57-05:00 2010-09-30 Eide Bailly LLP 5601 Green Valley Drive Ste 700 Minneapolis MN 554371145 990 2009-10-01 411453070 Glenwood Retirement Home Foundation Inc GLEN 3206345131 719 S 2nd Street Glenwood MN 56334 Mary Krueger 3206345777 2011-04-29 1 Kim Hunwardsen CPA 9529446166 2011-04-29 2009 2016-02-24 21:20:13Z Mary Krueger 719 S 2nd Street Glenwood MN 56334 77965 0 9386 X www.grvillage.org X 1983 MN To support the programs of the Glenwood Retirement Village. 10 10 0 16 0 0 58053 43043 26370 25750 6580 2337 5693 2428 96696 73558 1500 22202 0 0 0 0 26545 28329 28045 50531 68651 23027 428232 451259 0 428232 451259 The Glenwood 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 40000 22202 25750 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 dispersed through a grant process managed by the Board of Directors.Grants to the organization last year provided the maintenance of the aviaries at the Care Center and Parkview Court, purchased furniture for resident rooms, purchased new furniture for common areas, provided money for resident outings and upkeep of the resident bus, and published the newsletter, sent three times a year to families and area residents. Grants also provided a donation to the local Let's Go Fishing program. 40000 1 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 10 10 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X Deb Moorer 3206345761 719 S 2nd Street Glenwood MN 56334 X Deb Dahlseng 0.10 X X 0 0 0 John Imsdahl 0.10 X X 0 0 0 Harriet Jacobson 0.10 X X 0 0 0 Dick Benson 0.10 X 0 0 0 Robert Gandrud 0.10 X 0 0 0 Robert Peterson 0.10 X 0 0 0 Jane Segaar 0.10 X 0 0 0 Todd Stensrud 0.10 X 0 0 0 Tom Talle 0.10 X 0 0 0 June Tweit 0.10 X 0 0 0 Mary Krueger 1.00 X 0 83810 7789 Deb Moorer 1.00 X 0 36870 7610 0 120680 15399 0 0 0 0 0 14525 28518 43043 Rental Income 900099 25750 25750 25750 2337 2337 6835 14525 4407 2428 2428 73558 25750 0 4765 22202 22202 2935 2935 4125 4125 534 534 17264 17264 659 659 Miscellaneous Expenses 2812 2812 50531 40000 10531 0 659 1426 145813 69639 93438 76174 325331 364855 8804 8804 428232 451259 0 0 X 364059 380733 37556 43909 26617 26617 428232 451259 428232 451259 X 0 1 0 X 0 X 44850 59850 102124 58053 43043 307920 44850 59850 102124 58053 43043 307920 57904 250016 4815 3339 2413 6580 2337 19484 327404 142977 0.76360 0.75370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26617 511 27128 35793 -9176 26617 1.00000 1 0 40748 40748 28955 26256 2699 1251 1251 0 74859 42132 32727 76174 73558 50531 23027 0 23027 71612 0 71612 1946 1946 73558 33486 4407 4407 29079 21452 21452 50531 Part V, Line 4: Description of Intended Use of Endowment Funds: The organization only receives the interest from the funds quarterly, and that goes into the general funds. Part X: Description of Uncertain Tax Positions Under FIN 48: During 2010, the Retirement Village adopted the provisions of ASC 740-10 (previously Financial Interpretation No. 48, Accounting for Uncertainty in Income Taxes). The Retirement Village undergoes an annual analysis of its various tax positions, assessing the likelihood of those positions being upheld upon examination with relevant tax authorities. The implementation of this standard had no material impact on the combined financial statements. As of both the date of adoption and as of September 30, 2010, no amounts were recorded as a result of this analysis. If the Retirement Village is subject to interest or penalties on underpaid income taxes, they will be recorded as income tax expense. The Retirement Village believes it is no longer subject to Federal and State tax examinations by tax authorities for years before 2007. Part XII, Line 4b - Other Adjustments: Special events expenses recorded as expense for financial statements: -4407. Contributions recorded in net assets for financial statements: 6353. Part XIII, Line 2d - Other Adjustments: Special events expenses included in revenue for tax return purposes: 4407. Part XIII, Line 4b - Other Adjustments: Transfer to Related Party Reported in Fund Balance for Financial Statements: 21452. Annual Gala 19965 14525 5440 2811 1500 96 19965 14525 5440 2811 1500 96 4407 1033 1 Glenwood Village Care Center 719 S 2nd Street Glenwood MN 56334 410872240 501(c)(3) 21452 donation 1 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The organization provided funds to a related organization to help further their exempt purpose and can regularly monitor the use of the funds due to the relationship. Form 990, Part VI, Section A, line 2 Deb Dahlseng and Robert Gandrud have a family relationship. 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 two-hundred or more confirmed members may have one additional voting member for each one-hundred confirmed members or a major fraction thereof over the first two-hundred. Form 990, Part VI, Section A, line 7a Each of our affiliated churches choose 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 11 The Form 990 is reviewed by the CEO and Business Manager and is then presented 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. Each individual is required to complete a conflict of interest form annually. Form 990, Part VI, Section B, Line 15: The organization relied on GVCC, a related organization, to determine compensation for its CEO and business manager. 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. Form 990, Part XI, Line 2c: Glenwood Retirement Home Foundation, Inc. is audited as part of a consolidated audit. Glenwood Village Care Center, its related organization, has an audit committee that is responsible for overseeing the audit and the selection of the auditors. Form 990, Part VII, Section A: In addition to the hours served at Glenwood Retirement Home Foundation, Mary Krueger and Deb Moorer each serve 38 hours at the Glenwood Retirement Village and 1 hour at the Glenwood Plaza. Glenwood Village Care Center 719 S 2nd St Glenwood MN 56334 410872240 Skilled nursing and assisted living services MN 501(C)(3) 9 N/A Glenwood Plaza Inc 719 S 2nd St Glenwood MN 56334 411477434 Independent senior housing MN 501(C)(3) 9 N/A 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0