2016-11-01T08:21:41-05:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-01-01 410711588 ECUMEN ECUM 6517664300 3530 LEXINGTON AVENUE NORTH SHOREVIEW MN 55126 DENNIS JOHNSON CFO & SENIOR VICE PRESIDENT 6517664300 2016-11-01 1 KACIE MCEWEN P01599614 6123764500 2015 2017-02-10 21:41:12Z KATHRYN ROBERTS 3530 LEXINGTON AVENUE NORTH SHOREVIEW MN 55126 161185545 1 0 9386 X WWW.ECUMEN.ORG X 1923 MN WE CREATE HOMES FOR OLDER ADULTS, WHEREVER THEY CHOOSE TO LIVE. 14 14 3734 1550 0 0 3935527 3605371 138286181 143553103 896845 3915889 -137664 1585710 142980889 152660073 141864 87995 0 0 75063389 79881643 0 0 575512 66415593 70173940 141620846 150143578 1360043 2516495 292057016 324833912 250011679 285133873 42045337 39700039 WE CREATE HOMES FOR OLDER ADULTS, WHEREVER THEY CHOOSE TO LIVE. 0 0 134684980 87995 143553103 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, 2015, ECUMEN AND ITS AFFILIATES OWNED OR LEASED 50 HEALTH CARE AND OTHER FACILITIES, INCLUDING 10 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SUBSIDIZED HOUSING PROJECTS. AN ADDITIONAL 21 HEALTH CARE AND OTHER FACILITIES WERE MANAGED FOR UNRELATED THIRD-PARTY OWNERS. 134684980 1 1 0 1 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 424 0 3734 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MN X DENNIS JOHNSON 6517664300 3530 LEXINGTON AVENUE NORTH SHOREVIEW MN 55126 ROBERT HOFFMAN CHAIR 1.00 X X 0 0 0 ROBERT KARRICK FORMER CHAIR 1.00 X X 0 0 0 GAIL OLSON VICE CHAIR 1.00 X X 0 0 0 DEBRA CERVENKA SECRETARY 1.00 X X 0 0 0 REVEREND KRISTINE LINNER FORMER SECRETARY 1.00 X X 0 0 0 DARRELL TUKUA TREASURER 1.00 X X 0 0 0 ANN BARKELEW TRUSTEE 1.00 X 0 0 0 ROBERTA CORDANO TRUSTEE 1.00 X 0 0 0 SUSIE CROCKETT TRUSTEE 1.00 X 0 0 0 J MICHAEL DADY TRUSTEE 1.00 X 0 0 0 DAVID DURENBERGER TRUSTEE 1.00 X 0 0 0 LISA KRO TRUSTEE 1.00 X 0 0 0 NANCY THOMPSON ULVESTAD TRUSTEE 1.00 X 0 0 0 RICHARD OLSON TRUSTEE 1.00 X 0 0 0 JOHN PETRABORG TRUSTEE 1.00 X 0 0 0 JIM SCHOWALTER TRUSTEE 1.00 X 0 0 0 LISA DEVERELL FORMER TRUSTEE 1.00 X 0 0 0 ANNE SIMPSON FORMER TRUSTEE 1.00 X 0 0 0 LYNN ANDERSON FORMER TRUSTEE 1.00 X 0 0 0 DENNIS JOHNSON CFO & SENIOR VP 39.00 1.00 X 352799 0 57655 KATHRYN ROBERTS PRESIDENT & CEO 39.00 1.00 X 460052 0 74640 ROBIN BALCK SR VP HR & STRATEGIC ALIGNMENT 40.00 X 219709 0 30265 JULIE MURRAY SR VP OF MARKETING & DEVELOPMENT 40.00 X 200569 0 17878 SHELLEY KENDRICK SR VP & COO 39.00 1.00 X 201550 0 48290 LARRY JORGENSEN VP OF INFORMATION TECHNOLOGY 40.00 X 176482 0 19127 CAROLYN PERRON VP OF ORGANIZATIONAL DEVELOPMENT 40.00 X 142100 0 14276 CYNTHIA MOWAN VP OF FINANCE 39.00 1.00 X 142739 0 26011 ERIC SCHUBERT VP OF STRATEGIC INITIATIVES 40.00 X 170409 0 12300 JUDY BLASEQ VP OF PHILANTHROPY 40.00 X 158202 0 17303 PAUL LIBBON REGIONAL DIRECTOR 40.00 X 150646 0 20911 2375257 0 338656 29 0 1 0 STEVE NELSON 13236 WHIPPOORWILL COURT SOUTH HAVEN MN 55382 CONSTRUCTION 504731 GRAY PLANT MOOTY & BENNETT 80 S 8TH ST STE 500 MINNEAPOLIS MN 55402 LEGAL 499078 CLIFTONLARSONALLEN LLP 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 AUDIT & TAX 447176 THE BOLDT COMPANY LOCK BOX 285 MILWAUKEE WI 53288 CONSTRUCTION 325230 LINCOLN WASTE 2075 SILAS DEAN HWY STE 101 ROCKY HILL CT 06067 TRASH COLLECTION 254805 8 63039 36851 193767 1626987 1684727 3605371 ASSISTED LIVING FEES 623000 71409189 71409189 NURSING REVENUE 623000 67862626 67862626 MANAGEMENT FEES 541610 2231888 2231888 MEAL FEES 722210 759390 759390 OTHER OPERATING FEES 623000 663142 663142 626868 626868 143553103 708896 708896 136540 0 136540 136540 136540 11643587 15438 8347758 104274 3295829 -88836 3206993 3206993 20558 36851 24222 -3664 -3664 71121 49218 21903 21903 MISCELLANEOUS 900099 520784 520784 CAFE/CATERING REVENUES 722320 390489 390489 FACILITY USE FEES 713940 190396 190396 329262 329262 1430931 152660073 143553103 0 5501599 X 12500 12500 75495 75495 1859016 185902 1673114 62576961 56240020 5958688 378253 1809254 1624635 164135 20484 8694097 8161094 518603 14400 4942315 4517677 398569 26069 5345955 5345955 255724 182016 72770 938 174452 17445 157007 16204867 14975851 1168822 60194 1223271 1046896 174837 1538 1174295 892846 271935 9514 7360610 6508868 851742 1315555 1124413 177152 13990 1346442 1144904 161875 39663 9298846 8252625 1046221 11717698 10126479 1591219 1128174 916764 211410 RESIDENT CARE SUPPLIES 9464025 9464025 SURCHARGE 1745769 1745769 EQUIP. RENTAL & MAINT. 1399380 1196047 198696 4637 DUES AND SUBSCRIPTIONS 321901 257632 60768 3501 696976 669122 25523 2331 150143578 134684980 14883086 575512 14685632 10755779 2210327 1351971 12624601 11930750 689707 646667 16250 18268 610029 664597 325176330 109029039 213116088 216147291 27360380 27378086 2681623 2422748 649125 649110 5632418 6307336 11780836 46561309 292057016 324833912 14000974 13242029 200356 195585 100270868 100270868 183386 2153852 132540983 166955705 2815112 2315834 250011679 285133873 X 36527608 34135495 1867311 2153001 3650418 3411543 42045337 39700039 292057016 324833912 X 2516495 -4692411 -169383 X 0 1 X 1 0 X 2908487 2387462 5659867 3935527 3605371 18496714 136730832 142022061 138900293 138286180 143553103 699492469 139639319 144409523 144560160 142221707 147158474 717989183 131190 131190 0 131190 131190 717857993 762798 1019793 728737 715674 845436 4072438 762798 1019793 728737 715674 845436 4072438 340039 1067745 1172940 1290627 1522610 5393961 140742156 146497061 146461837 144228008 149526520 727455582 0.98680 0.98830 0.00560 0.00560 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 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 0 0 0 1 0 0 1 12500 12500 0 PART II-B, LINE 1, LOBBYING ACTIVITIES ECUMEN PAID $177,567 FOR MEMBERSHIP DUES TO AGING SERVICES OF MINNESOTA AND LEADINGAGE. 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 AMOUNTS SHOWN ARE THE TOTAL DUES PAID TO THE RESPECTIVE ASSOCIATIONS, BUT THE PERCENTAGE OF THE DUES ATTRIBUTABLE TO LOBBYING ACTIVITIES HAS NOT BE PROVIDED TO ECUMEN. 0 1 X 5517731 1333259 -305205 977515 5568271 7463660 1578164 -52676 3471417 5517731 4034189 3441957 206028 218514 7463660 4242534 453360 133602 795307 4034189 4571333 615355 -205226 738928 4242534 0.00000 0.61000 0.39000 1 0 15881885 15881885 273143622 89129812 184013810 28402263 19899227 8503036 7748560 7748560 216147291 TENANT SECURITY DEPOSITS 2117648 BOND & MORTGAGE INDENTURE AGREEMENTS 41019816 WORKERS COMPENSATION RESERVE 2550000 OTHER 623954 LETTER OF CREDIT COLLATERAL 249891 46561309 ASSET RETIREMENT OBLIGATIONS 169783 INSURANCE CLAIMS RESERVES 2146051 2315834 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, 2015 OR DECEMBER 31, 2014. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. 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. ECUMEN GOLF TOURNAMENT 44040 27105 16935 2485 14858 1271 500 721 PARMLY GOLF TOURNAMENT 13369 9746 3623 623 1671 1800 294 57409 36851 20558 3108 16529 3071 500 1015 24223 -3665 1 LEADINGAGE 2519 CONNECTICUT AVE NW WASHINGTON DC 20008 136213525 501(C)(3) 12500 LONG-TERM SERVICE AND SUPPORT 1 0 EDUCATION GRANTS 58 72495 EMPLOYEE ASSISTANCE 4 3000 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 0 1 1 1 1 1 1 0 0 DENNIS JOHNSON CFO & SENIOR VP 316909 0 32872 0 3018 0 38615 0 19040 0 410454 0 0 0 KATHRYN ROBERTS PRESIDENT & CEO 429071 0 26460 0 4521 0 53828 0 20812 0 534692 0 0 0 ROBIN BALCK SR VP HR & STRATEGIC ALIGNMENT 209065 0 9437 0 1207 0 23149 0 7116 0 249974 0 0 0 JULIE MURRAY SR VP OF MARKETING & DEVELOPMENT 193888 0 5618 0 1063 0 16233 0 1645 0 218447 0 0 0 SHELLEY KENDRICK SR VP & COO 193200 0 7651 0 699 0 21933 0 26357 0 249840 0 0 0 LARRY JORGENSEN VP OF INFORMATION TECHNOLOGY 169383 0 5421 0 1678 0 16958 0 2169 0 195609 0 0 0 CAROLYN PERRON VP OF ORGANIZATIONAL DEVELOPMENT 134841 0 4311 0 2948 0 12677 0 1599 0 156376 0 0 0 CYNTHIA MOWAN VP OF FINANCE 137403 0 4504 0 832 0 13007 0 13004 0 168750 0 0 0 ERIC SCHUBERT VP OF STRATEGIC INITIATIVES 164154 0 5257 0 998 0 10753 0 1547 0 182709 0 0 0 JUDY BLASEQ VP OF PHILANTHROPY 151895 0 4752 0 1555 0 14325 0 2978 0 175505 0 0 0 PAUL LIBBON REGIONAL DIRECTOR 144907 0 4641 0 1098 0 13571 0 7340 0 171557 0 0 0 PART I, LINES 4B-C SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: KATHRYN ROBERTS - 457(F) - $18,000 DENNIS JOHNSON - 457(F) - $18,000 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 PARK RAPIDS MN 416005449 700728AK4 2006-10-24 5575000 NEW CONSTRUCTION 0 0 0 D CITY OF WORTHINGTON MN 416005656 98185TAD9 2007-05-14 7060000 REFINANCING SERIES 2003A BONDS 0 0 0 A 1585000 4120000 3841720 278280 2003 1 0 1 1 B 1100000 8100000 302750 7797250 2006 0 0 1 1 C 936250 5575000 376010 210062 4988928 2007 0 0 1 1 D 900000 7060000 475788 6311250 235629 37333 2007 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: 04/14/2011 ISSUER NAME: CITY OF PARK RAPIDS, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 07/31/2011 ISSUER NAME: CITY OF WORTHINGTON, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 04/30/2012 ISSUER NAME: CITY OF CHISAGO CITY, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 07/31/2012 ISSUER NAME: CITY OF APPLE VALLEY, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 02/28/2015 ISSUER NAME: CITY OF MAPLEWOOD, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 02/28/2015 ISSUER NAME: CITY OF LAKE CRYSTAL, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 07/31/2015 A CITY OF CHISAGO CITY MN 416005046 170121AP2 2007-11-15 6185000 NEW CONSTRUCTION 0 0 0 B CITY OF APPLE VALLEY MN 410847612 03789WAE0 2010-03-29 5545000 NEW CONSTRUCTION 0 0 0 C CITY OF MAPLEWOOD MN 416008920 565566AE6 2010-07-01 5875000 NEW CONSTRUCTION 0 0 0 D CITY OF LAKE CRYSTAL MN 416005294 509530BG5 2010-08-10 6865000 NEW CONSTRUCTION 0 0 0 A 525000 6185000 420642 337992 226366 5200000 2008 0 0 1 1 B 370000 5545000 430681 223400 4890919 2011 0 0 1 1 C 440000 5875000 433858 2298710 260945 2881487 2010 0 0 1 1 D 345000 6865000 508849 419720 334050 550000 5052381 2010 0 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 LAKES AREA ECONOMIC DEVELOPMENT AUTHORITY 200299143 2011-09-14 9320000 REFINANCING SERIES 2002 AND 1998 BONDS 0 0 0 B CITY OF MOORHEAD MN 416005386 61615CAB8 2012-09-27 10076874 REFINANCING SERIES 2005A AND 2008A BONDS 0 0 0 C MOORHEAD ECONOMIC DEVELOPMENT AUTHORITY MN 411671510 61615JAR8 2012-09-27 10000000 REFINANCING SERIES 2005A AND 2008A BONDS 0 0 0 D HOUSING AND REDEVELOPMENT AUTHORITY OF DULUTH MN 416006975 2012-09-28 8300000 REFINANCING SERIES 2004A, 2004B, 2004C, AND 2005 BONDS 0 0 0 A 812084 9320000 5909645 102726 3307629 2012 1 0 0 1 B 1555000 10076874 9830951 245923 2012 1 0 1 1 C 10000000 9757473 242527 2012 1 0 1 1 D 643680 8300000 7984423 154104 161473 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 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 LAKE COUNTY HOUSING AND REDEVELOPMENT AUTHORITY MN 411563472 2012-09-28 9140000 REFINANCING SERIES 2004A, 2004B, 2004C, AND 2005 BONDS 0 0 0 B TOWN OF RICE LAKE MN 416005489 2012-09-28 5560000 REFINANCING SERIES 2004A, 2004B, 2004C, AND 2005 BONDS 0 0 0 C CITY OF FALCON HEIGHTS MN 416007644 2013-01-04 4400000 REFINANCING SERIES 2005A BONDS 0 0 0 D CITY OF CHISAGO CITY MN 416005046 17012CAR4 2013-07-25 18520000 REFINANCING SERIES 2004A AND 2004B BONDS 0 0 0 A 772396 9140000 8792485 169700 177815 2012 1 0 1 1 B 589276 5560000 5348602 103231 108167 2012 1 0 1 1 C 351618 4400000 4330395 69605 2013 1 0 1 1 D 600000 18520000 18046679 473321 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 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 ST CLAIR MN 416007794 363651LZ1 2013-07-30 9125000 REFINANCING SERIES 2004D, 2004E, AND 2006 BONDS 0 0 0 B CITY OF DETROIT LAKES MN 416005098 2013-08-01 2670748 REFINANCING SERIES 2004A BONDS 0 0 0 C CITY OF WORTHINGTON MN 416005656 98185QAX1 2014-05-21 6385000 REFINANCING SERIES 2009A BONDS 0 0 0 D CITY OF NORTH BRANCH MN 416005421 2014-11-25 4075000 REFINANCING SERIES 2006B BONDS 0 0 0 A 732347 9125000 9013939 111061 2013 1 0 1 1 B 174492 2670748 2635370 35379 2013 1 0 1 1 C 255000 6385000 6198840 186160 2014 1 0 1 1 D 191807 4075000 3959541 115460 2014 1 0 1 1 A 1 0 0 0 0.01000 0.01000 0.02000 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 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 A 160000 8316913 8067611 249302 2014 1 0 1 1 B 130000 6797665 6593903 203762 2014 0 1 1 1 C 32052494 2042556 729575 640000 27163309 1477054 2016 0 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 0 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 A 1 B 1 C 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 11 THE FORM 990 WAS REVIEWED BY THE CFO, THEN PRESENTED TO THE BOARD OF DIRECTORS 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 2015. THE PRESIDENT/CEO REVIEW IS COMPLETED ANNUALLY AND WAS LAST COMPLETED IN 2015. 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 IX, LINE 11G CONTRACTED THERAPY: PROGRAM SERVICE EXPENSES 7,039,359. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,039,359. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 6,805,785. MANAGEMENT AND GENERAL EXPENSES 712,232. FUNDRAISING EXPENSES 22,716. TOTAL EXPENSES 7,540,733. MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 865,138. MANAGEMENT AND GENERAL EXPENSES 342,312. FUNDRAISING EXPENSES 10,059. TOTAL EXPENSES 1,217,509. CONSULTANT: PROGRAM SERVICE EXPENSES 245,401. MANAGEMENT AND GENERAL EXPENSES 61,690. FUNDRAISING EXPENSES 26,632. TOTAL EXPENSES 333,723. OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 20,168. MANAGEMENT AND GENERAL EXPENSES 52,588. FUNDRAISING EXPENSES 787. TOTAL EXPENSES 73,543. FORM 990, PART XI, LINE 9: PERMANENTLY RESTRICTED ACTIVITY -258,876. PATHSTONE NET INCOME 89,493. 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