2022-08-15T10:13:42-05:00 2021-09-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2020-10-01 411451486 Knute Nelson Foundation KNUT 3207636653 420 12th Avenue East Alexandria MN 56308 Mark Anderson President/CEO 3207636653 2022-08-11 1 Mark Anderson 999009999 Kim Hunwardsen CPA P00484560 6122536500 2022-08-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Mark Anderson 420 12th Avenue East Alexandria MN 56308 442124 0 X www.knutenelson.org X 1983 MN Provide support to Knute Nelson. 10 10 0 10 0 0 324990 314620 0 0 120780 107339 16888 8007 462658 429966 138138 231679 0 0 0 0 0 0 0 256867 174623 395005 406302 67653 23664 3312479 3832660 79581 75000 3232898 3757660 X The Knute Nelson Foundation supports Knute Nelson and therefore follows the mission of Knute Nelson which is: to enrich the lives of everyone we serve. We have five core values - Christian Heritage, Valuing People, Customer-Focused Excellence, Community Engagement, and Stewardship. 0 0 236866 231679 The Knute Nelson Foundation supports Knute Nelson by securing philanthropic funds to advance the mission of "enriching the lives of everyone we serve". Generous individuals and organizations have helped to invest in the mission of Knute Nelson to introduce and expand innovative approaches to our delivery of care for aging adults throughout our continuum of services. It is through the tremendous giving of our donors and volunteers that Knute Nelson has been able to accomplish a variety of initiatives through the Knute Nelson Foundation. (Continued on Schedule O) In this last fiscal year, several initiatives that were realized as a result of charitable support include:--Hospice Services: Providing enriching services and essential care and support to those who are terminally ill and for their families. --Certified Nursing Assistant Education: Providing industry recognized training to high school students at the Alexandria Area High School to encourage them to consider health care careers. --Wellness and clinical equipment: Providing a variety of equipment to enhance the quality of care and wellness services to residents and members.--Resident Activities: Providing entertainment opportunities and building community for residents. Examples include happy hour, musical entertainers, style shows and more. --Endowment/Unrestricted: Giving to the endowment fund to allow Knute Nelson to allocate funds where they are most needed to meet our mission. --Chaplaincy and Spiritual Care Program: Supporting residents on their faith journey with essential programming. --Caregiver Scholarships: Funding directed for caregiving staff to pursue their education within the field of health care. --Equipping Leaders with Scholarships: Supporting all employees with vital learning opportunities and education --Benevolence Care: Supporting those who have outlived their resources to ensure the highest quality care and services is provided to them. 236866 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X Marnie Gugisberg 3207631164 420 12th Avenue East Alexandria MN 56308 Elliot Christensen Chair 1.00 0.00 X X 0 0 0 Richard Moen Treasurer 1.00 0.00 X X 0 0 0 Terri Bursch Vice Chair 1.00 0.00 X X 0 0 0 Pam Carlson Secretary 1.00 1.00 X X 0 0 0 Tom Anderson Director until June 2021 1.00 0.00 X 0 0 0 Jerry Hansen Director 1.00 0.00 X 0 0 0 Sally Smith Director 1.00 0.00 X 0 0 0 Stuart Henrickson Director 1.00 0.00 X 0 0 0 Jim Eidsvold Director 1.00 0.00 X 0 0 0 Vern Anderson Director 1.00 0.00 X 0 0 0 Tim Busch Director 1.00 0.00 X 0 0 0 Mark Anderson President/CEO 5.00 35.00 X 0 341574 42247 Marnie GugisbergSr VP Chief Financial Officer 1.00 39.00 X 0 201815 34367 Katie PerrySr VPChief Development/Strategy Offic 10.00 30.00 X 0 182667 27299 Emily Geris Foundation Executive Direc 40.00 0.00 X 0 77796 6042 0 803852 109955 0 0 1 0 Knute Nelson 420 12th Avenue East Alexandria MN 56308 Management Services 190301 1 22965 59594 232061 36161 314620 107339 107339 20165 22965 12158 8007 8007 429966 0 0 115346 X 174910 174910 56769 56769 138722 138722 3080 3080 2703 2703 15514 15514 713 713 Social Accountability 9759 9759 Grant Fulfillment 2484 2484 Subscriptions 1091 1091 Donor Recognition 334 334 223 223 406302 236866 169436 0 147766 214379 246938 210228 5500 5500 2909377 3402553 2898 0 3312479 3832660 4581 0 75000 75000 79581 75000 X 3232898 3757660 3232898 3757660 3312479 3832660 23664 501098 0 X 0 1 X 1 0 X X 1 Knute Nelson 411263433 10 1 174910 56769 1 174910 56769 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 990T Schedule A Part I Line 12g The other support reported on Line 12g is scholarships paid for employees of Knute Nelson. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 943222 501098 501098 442124 -12158 -12158 429966 418460 12158 12158 406302 0 406302 Part X, Line 2: The 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 consolidated financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax liabilities in income tax expense, if such interest and penalties are incurred. Part XI, Line 4b - Other Adjustments: Fundraising expenses included in revenue for tax reporting -12,158. Part XII, Line 2d - Other Adjustments: Fundraising expenses included in revenue for tax reporting 12,158. Golf Tournament 43130 22965 20165 533 7296 4329 43130 22965 20165 533 7296 4329 12158 8007 1 Knute Nelson 420 12th Avenue East Alexandria MN 56308 411263433 501(c)(3) 174910 General operating support 1 0 Scholarship 21 56769 Part I, Line 2: Knute Nelson Foundation makes payments directly to the school and directly to the individuals, depending on the circumstance. For payments made directly to individuals, a receipt must be provided showing book or tuition expense before the scholarship is issued. The foundation scholarship is used for scholarships that are not eligible under the Nursing Facility Scholarship program under the Care Center and the Home & Community Based Scholarship grant awarded for Knute Nelson Home Care, Knute Nelson Hospice, Nelson Gables, and Grand Arbor. The Foundation provides grants to a related tax exempt organization in furtherance of its exempt purpose. No further monitoring was considered necessary. 0 0 0 0 0 0 0 0 0 Mark Anderson President/CEO 0 341574 0 0 0 0 0 32187 0 10100 0 383861 0 0 Marnie GugisbergSr VP Chief Financial Officer 0 201815 0 0 0 0 0 6488 0 27918 0 236221 0 0 Katie PerrySr VPChief Development/Strategy Offic 0 182667 0 0 0 0 0 5663 0 21676 0 210006 0 0 Part I, Line 3 The President/CEO is compensated by Knute Nelson, a related organization. The Foundation relied on Knute Nelson to establish compensation for the President/CEO. Knute Nelson utilized the Form 990 of other organizations, compensation survey or study, and approval by the board to establish compensation. X 2 36161 FMV 0 0 0 0 Part I, Column (b): The number of contributions is reported in Column (b). Form 990, Part VI, Section A, line 1 The Executive Committee shall include the Chair, Vice-Chair, President, Treasurer, Secretary and such other individuals, if any, as may be appointed by the board from time to time. The Executive Committee shall have the authority of the board in the management of the business of this corporation in the interval between board meetings, and the Executive Committee shall at all times be subject to the control and direction of the board. The Executive Committee shall have such other duties as may be prescribed by the board from time to time. Form 990, Part VI, Section A, line 2 Mark Anderson, Marnie Gugisberg, Katie Perry and Pam Carlson have a business relationship. Form 990, Part VI, Section A, line 6 The sole member of the organization is Knute Nelson, a related organization. Form 990, Part VI, Section A, line 7a The organization's Board of Directors are elected by the Board of Directors of Knute Nelson, a related organization. Form 990, Part VI, Section A, line 7b The amendment or restatement to the Articles of Incorporation that alters the purposes of the corporation as identified in the Articles of Incorporation or the ability of the corporation to carry out those purposes must be approved by majority vote of the Knute Nelson Board of Directors. Form 990, Part VI, Section B, line 11b The return is reviewed initially by the CFO/SVP and President/CEO. The Knute Nelson Finance & Audit committee then reviews, provides a copy to the Foundation Board of Directors, and makes a recommendation to the Foundation Board of Directors to approve the return. Form 990, Part VI, Section B, line 12c Each officer, director, and key employee is required to fill out a conflict of interest form annually. The form is reviewed initially by the President of the Board of Directors and the President/CEO for potential conflicts. If a conflict exists, it is reviewed by the Board of Directors. Any person with a conflict is restricted from voting on related matters. Form 990, Part VI, Section B, line 15 The organization does not pay compensation to its officers, directors, or key employees. The organization's officers are compensated by Knute Nelson, a related organization. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part IX, line 11g Other Fees: Program service expenses 0. Management and general expenses 138,722. Fundraising expenses 0. Total expenses 138,722. Knute Nelson 420 12th Avenue East Alexandria MN 56308 411263433 long-term care MN 501(c)(3) Line 10 N/A 0 KI Senior Living of Park Rapids LLC 420 12th Ave E Alexandria MN 56308 815315693 Senior Living Facility MN N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 0