2025-11-13T08:56:13-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 121 WEST BRIDGE STREET OWATONNA MN 55060 990 2024-01-01 911982139 ECUMEN ECUM 6517664300 3530 LEXINGTON AVENUE NORTH SHOREVIEW MN 55126 SHELLEY KENDRICK PRESIDENT & CEO 6517664300 2025-11-12 1 0 JUSTIN HARTERT P02236744 5074467100 2025-11-12 2024 2025-03-06 01:10:19Z SHELLEY KENDRICK 3530 LEXINGTON AVENUE NORTH SHOREVIEW MN 55126 189740535 1 0 9386 X WWW.ECUMEN.ORG X 1923 MN WE EMPOWER INDIVIDUALS AND FAMILIES TO CONFIDENTLY NAVIGATE AGING FOR A PURPOSEFUL JOURNEY. 12 12 4177 353 0 0 2119580 3764532 157958378 173569629 2614824 2931427 1807622 2077332 164500404 182342920 48740 149929 0 0 98744685 110995403 0 0 515386 74826158 78599362 173619583 189744694 -9119179 -7401774 258213382 310720409 252580377 306899965 5633005 3820444 WE EMPOWER INDIVIDUALS AND FAMILIES TO CONFIDENTLY NAVIGATE AGING SO THAT IT IS A PURPOSEFUL JOURNEY FILLED WITH DIGNITY AND SUPPORT. 0 0 151770716 149929 173569629 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. ECUMEN AND ITS AFFILIATES OWNED AND OPERATED 51 HEALTH CARE AND OTHER FACILITIES, INCLUDING 16 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SUBSIDIZED HOUSING PROJECTS. 151770716 1 1 0 0 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 1 344 0 1 4177 1 0 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 SHELLEY KENDRICK 6517664300 3530 LEXINGTON AVENUE NORTH SHOREVIEW MN 55126 JOHN PETRABORG BOARD CHAIR 1.00 0.00 X X 0 0 0 J MICHAEL DADY IMMEDIATE PAST CHAIR 1.00 0.00 X X 0 0 0 PETER JACOBSON VICE CHAIR (THRU 08/2024) 1.00 0.00 X X 0 0 0 MARCIA KULL VICE CHAIR 1.00 0.00 X X 0 0 0 NANCY THOMPSON ULVESTAD SECRETARY (THRU 05/2024) 1.00 0.00 X X 0 0 0 SUZIE CROCKETT SECRETARY/TREASURER 1.00 0.00 X X 0 0 0 JEN AUGUSTON TRUSTEE 1.00 0.00 X 0 0 0 ANN BARKELEW TRUSTEE (THRU 05/2024) 1.00 0.00 X 0 0 0 JAN CONLIN TRUSTEE 1.00 0.00 X 0 0 0 INGRID RASMUSSEN TRUSTEE 1.00 0.00 X 0 0 0 JOHN TRUCKENBROD TRUSTEE 1.00 0.00 X 0 0 0 MARY FREY TRUSTEE 1.00 0.00 X 0 0 0 JOY PLAMANN TRUSTEE 1.00 0.00 X 0 0 0 PETER SCHUNA TRUSTEE 1.00 0.00 X 0 0 0 NILS SNYDER TRUSTEE 1.00 0.00 X 0 0 0 JIM SCHOWALTER TRUSTEE 1.00 0.00 X 0 0 0 SHELLEY KENDRICK PRESIDENT/CEO 39.00 1.00 X 504771 0 41871 MELANIE SULLIVAN SR VP/CHIEF PEOPLE OFFICER 39.00 1.00 X 318975 0 15879 JAMES MCALPINE SR VP LEGAL AFFAIRS & CORP 39.00 1.00 X 253455 0 10468 SCOTT BJERKETVEDT SR VP/CFO (THRU 9/2024) 39.00 1.00 X 230734 0 40531 TAMI HALEY SR VP NURSING AND OPS OFFICER 39.00 1.00 X 211350 0 41133 BRETT ANDERSON SR VP CHIEF OPERATIONS & STRATEGY (THRU 7/2024) 39.00 1.00 X 205489 0 20646 TINA PALMER SR VP MISSION ADVANCEMENT OFFICER 39.00 1.00 X 154207 0 20356 DOUG HARRISON SR VP/CFO 39.00 1.00 X 147936 0 0 ANGIE ANDRESEN VP COMMUNICATION MARKETING & ADVOCACY 39.00 1.00 X 180206 0 30263 LISA GINDT CONSULTANT 40.00 0.00 X 190004 0 14830 KERRI KELLER VP PEOPLE SERVICES 40.00 0.00 X 177404 0 15511 JOHN LINN DIRECTOR CAMPUS OPERATIONS 40.00 0.00 X 167049 0 9722 ROBERT FISHER SR DIRECTOR - PEOPLE SOLUTIONS 40.00 0.00 X 157697 0 41341 JUSTIN BOLDT EXECUTIVE DIRECTOR III 40.00 0.00 X 156615 0 22262 3055892 0 324813 94 0 1 0 BETTERRX LLC PO 29650 PHOENIX AZ 85038 PHARMACY 569733 CLIFTONLARSONALLEN LLP 220 SOUTH 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 AUDIT, TAX AND CONSULTING 380399 WINTHROP & WEINSTEIN PA LOCKBOX 446081 SAINT PAUL MN 55164 LEGAL SERVICES 368889 SUCCESS COMPUTER CONSULTING PO BOX 851756 MINNEAPOLIS MN 54485 INFORMATION TECHNOLOGY HELP DESK 296516 LATHROP GPM PO BOX 7410148 CHICAGO IL 60674 LEGAL SERVICES 290405 9 3340931 423601 69525 3764532 ASSISTED LIVING FEES 623000 89539321 89539321 NURSING REVENUE 623000 68894363 68894363 MANAGEMENT FEES 541610 10097036 10097036 MEAL REVENUE 722320 4155780 4155780 OTHER OPERATING FEES 623000 883129 883129 173569629 1228355 1228355 202514 0 202514 202514 202514 8650599 436090 4729408 2654209 3921191 -2218119 1703072 1703072 28231 13998 14233 14233 COMMUNITY FEE 900099 799000 799000 MISCELLANEOUS 900099 430802 430802 TENANT FEES 623000 399204 399204 231579 231579 1860585 182342920 173569629 0 5008759 149929 149929 2280334 228033 2052301 89442154 71622634 17453515 366005 2445838 1986835 448829 10174 10235205 8119270 2074500 41435 6591872 5174620 1390885 26367 70367 70367 570140 570140 250962 250962 10853797 8520231 2290151 43415 817734 641921 172542 3271 1543802 1211885 325742 6175 2489714 1954425 525330 9959 9574135 7515696 2058439 1146706 900164 241955 4587 237513 186448 50115 950 11206009 8796717 2409292 14336198 11253915 3082283 2664785 2091856 572929 RESIDENT CARE SUPPLIES 8600114 8600114 DIETARY EXPENSE 5156831 5156831 REPAIRS AND MAINTENANCE 4400069 3454054 946015 REFINANCING PROJECT FUN 802314 802314 3878172 3402824 472300 3048 189744694 151770716 37458592 515386 20031803 19299717 16200611 10677470 10873834 11590041 38461 26509 805578 892667 397819804 179828475 175103281 217991329 21932954 24102914 2834092 3056154 5684063 7085131 4708705 15998477 258213382 310720409 14995281 19467119 605928 1850172 165158 185114861 217940476 2215445 2211244 32638309 46706695 15766309 19803345 252580377 306899965 X 1702993 -357480 3930012 4177924 5633005 3820444 258213382 310720409 -7401774 -2287697 7876910 0 X X 0 1 X 1 1 1 X 5475027 10926859 11475485 2119580 3764532 33761483 133541861 134430919 139893860 157958378 173569629 739394647 139016888 145357778 151369345 160077958 177334161 773156130 51343 134011 83101 131171 125968 525594 0 51343 134011 83101 131171 125968 525594 772630536 1071258 963093 1229131 1094455 1430869 5788806 1071258 963093 1229131 1094455 1430869 5788806 376017 670915 978726 1580225 1888816 5494699 140464163 146991786 153577202 162752638 180653846 784439635 0.98490 0.98540 0.00740 0.00810 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: SPECIAL EVENT REVENUES - MISCELLANEOUS INCOME - 2020 AMOUNT: $ 40,590. 2021 AMOUNT: $ 318,444. 2022 AMOUNT: $ 231,535. 2023 AMOUNT: $ 294,702. 2024 AMOUNT: $ 430,802. CAFE/CATERING REVENUES - 2020 AMOUNT: $ 303,392. 2021 AMOUNT: $ 143,167. 2022 AMOUNT: $ 403,952. 2023 AMOUNT: $ 200,879. 2024 AMOUNT: $ 231,579. SALES OF INVENTORY - 2020 AMOUNT: $ 25,622. 2021 AMOUNT: $ 25,766. 2022 AMOUNT: $ 39,717. 2023 AMOUNT: $ 32,984. 2024 AMOUNT: $ 28,231. TENANT FEES - 2020 AMOUNT: $ 298,095. 2021 AMOUNT: $ 183,538. 2022 AMOUNT: $ 148,522. 2023 AMOUNT: $ 291,160. 2024 AMOUNT: $ 399,204. DEBT REFINANCING LOSS - 2020 AMOUNT: $ -291,682. COMMUNITY FEE - 2022 AMOUNT: $ 155,000. 2023 AMOUNT: $ 760,500. 2024 AMOUNT: $ 799,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3930013 3976377 222061 341252 7787199 3622898 43372 310750 47007 3930013 4233197 200137 -698520 111916 3622898 5523679 113261 250202 1653945 4233197 5174165 448995 236212 335693 5523679 0.00000 0.48310 0.51690 1 0 16196564 16196564 301439006 126038280 175400726 54437858 33041172 21396686 25139356 20749023 4390333 607020 607020 217991329 TENANT SECURITY DEPOSITS 2789134 BOND & MORTGAGE INDENTURE AGREEMENTS 8406967 WORKERS COMPENSATION RESERVE 1325000 ROU ASSETS 1796813 DEBT PAYMENT FUND 1680563 15998477 ASSET RETIREMENT OBLIGATIONS 9987229 LEASE PAYABLE 1886003 WORKERS COMP LIABILITY 1748784 DUE TO AFFILIATES 6181329 19803345 X PART IV, LINE 2B: ECUMEN HOLDS IN TRUST DEPOSIT AMOUNTS RECEIVED BY TENANTS INCLUDING SECURITY DEPOSIT, RESIDENT TRUST, AND UNIT SHARE UPON MOVE-IN. 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: WITH THE EXCEPTION OF ECUMEN SERVICES, INC., A WHOLLY OWNED SUBSIDIARY OF ECUMEN, 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, 2024 OR DECEMBER 31, 2023. 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. SCHEDULE D, PART VI: ECUMEN TAX RETURN ACKNOWLEDGES THE 168(H)(6)(F) ELECTION BY THE GENERAL PARTNER. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 1340737 0 0 0 0 0 0 1340737 0 1340737 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. 1 EMPLOYEE ASSISTANCE GRANTS 55 149929 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. EMPLOYEE ASSISTANCE RECIPIENTS ARE REQUIRED TO PROVIDE BILLS AND OTHER EXPENSE STATEMENTS PRIOR TO RECEIVING ASSISTANCE FUNDS. SCHOLARSHIP RECIPIENTS ARE REQUIRED TO PROVIDE TUITION STATEMENTS PRIOR TO RECEIVING SCHOLARSHIP FUNDS. X X X X 0 0 0 0 0 0 0 0 0 SHELLEY KENDRICK PRESIDENT/CEO 457857 0 43350 0 3564 0 15560 0 26311 0 546642 0 0 0 MELANIE SULLIVAN SR VP/CHIEF PEOPLE OFFICER 315622 0 0 0 3353 0 14460 0 1419 0 334854 0 0 0 SCOTT BJERKETVEDT SR VP/CFO (THRU 9/2024) 229912 0 0 0 822 0 14273 0 26258 0 271265 0 0 0 JAMES MCALPINE SR VP LEGAL AFFAIRS & CORP 252546 0 0 0 909 0 9203 0 1265 0 263923 0 0 0 TAMI HALEY SR VP NURSING AND OPS OFFICER 210850 0 0 0 500 0 13145 0 27988 0 252483 0 0 0 BRETT ANDERSON SR VP CHIEF OPERATIONS & STRATEGY (THRU 7/2024) 205247 0 0 0 242 0 12505 0 8141 0 226135 0 0 0 ANGIE ANDRESEN VP COMMUNICATION MARKETING & ADVOCAC 179581 0 0 0 625 0 9679 0 20584 0 210469 0 0 0 LISA GINDT CONSULTANT 189731 0 0 0 273 0 9280 0 5550 0 204834 0 0 0 ROBERT FISHER SR DIRECTOR - PEOPLE SOLUTIONS 156119 0 0 0 1578 0 10005 0 31336 0 199038 0 0 0 KERRI KELLER VP PEOPLE SERVICES 176281 0 0 0 1123 0 10288 0 5223 0 192915 0 0 0 JUSTIN BOLDT EXECUTIVE DIRECTOR III 136466 0 20000 0 149 0 8722 0 13540 0 178877 0 0 0 JOHN LINN DIRECTOR CAMPUS OPERATIONS 156877 0 10000 0 172 0 8940 0 782 0 176771 0 0 0 TINA PALMER SR VP MISSION ADVANCEMENT OFFICER 153689 0 0 0 518 0 8769 0 11587 0 174563 0 0 0 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 4120000 4120000 3841720 278280 2003 1 0 1 1 B 3100000 8100000 302750 7797250 2006 0 0 1 1 C 7065000 10076874 9830951 245923 2012 1 0 1 1 D 10000000 9757473 242527 2012 1 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 1 0 0 0 0.00000 0.00000 0.00000 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: 04/14/2021 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: 01/04/2018 ISSUER NAME: CITY OF CHISAGO CITY, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 03/17/2020 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 ISSUER NAME: CITY OF NORTH BRANCH, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 10/31/2019 ISSUER NAME: CITY OF LAKE CRYSTAL, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 08/31/2019 ISSUER NAME: CITY OF OWATONNA, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 08/31/2019 ISSUER NAME: CITY OF MINNEAPOLIS, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 05/05/2020 ISSUER NAME: CITY OF WORTHINGTON, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 03/15/2021 ISSUER NAME: CITY OF VERGAS, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 07/13/2021 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 4879591 8300000 7984423 154104 161473 2012 1 0 1 1 B 2497579 9140000 8792485 169700 177815 2012 1 0 1 1 C 4033821 5560000 5348602 103231 108167 2012 1 0 1 1 D 4400000 4400000 4330395 69605 2013 1 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 1 0 0 0 0.00000 0.00000 0.00000 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 3880000 18520000 18046679 473321 2013 1 0 1 1 B 4274759 9125000 9013939 111061 2013 1 0 1 1 C 1006081 2670748 2635369 35379 2013 1 0 1 1 D 2006822 4075000 3959540 115460 2014 1 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 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 0.00000 0.00000 0.00000 0 0 1 D 1 0 0 0 0.00000 0.00000 0.00000 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 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 8295000 8316913 8067611 249302 2014 1 0 1 1 B 6775000 6797665 6593903 203762 2014 0 1 1 1 C 2790000 32052494 2206629 640000 29205866 2016 0 0 1 1 D 2142778 5900000 5795819 104181 2016 1 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 1 0 0 0 0.00000 0.00000 0.00000 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 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 2045000 10105987 9155987 315000 635000 2016 1 0 1 1 B 2335000 10390000 10183139 206861 2017 1 1 1 1 C 5965000 5965000 5846344 118656 2018 1 0 1 1 D 1543116 6000000 5916438 83562 2019 1 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 1 0.35900 0 1 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 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 846109 10000000 9887576 112424 2019 0 0 1 1 B 644312 7615000 7502576 112424 2019 0 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 1 0 0 0 0.00000 0.00000 0.00000 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 4 69525 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). FORM 990, PART VI, SECTION A, LINE 1A 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 INFORMATION IS PROVIDED TO THE AGENCY'S AUDIT FIRM TO COMPILE. THE COMPLETED DRAFT IS RETURNED TO MANAGEMENT FOR REVIEW. PRIOR TO FINAL APPROVAL THE REPORT IS MADE AVAILABLE TO EACH BOARD MEMBER FOR REVIEW AND COMMENT. THE FINAL FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FOR ALL BOARD MEMBERS, INCLUDING OFFICERS, AND FOR KEY EMPLOYEES. THE DISCLOSURES ARE MAINTAINED BY PEOPLE SERVICES LEADERSHIP. CONFLICTS IDENTIFIED BY A MEMBER OF THE BOARD OF TRUSTEES ARE ADDRESSED AND DETERMINED BY THE BOARD OF TRUSTEES PRESIDENT, WHO HAS DISCRETION TO INVESTIGATE THROUGH ALL MEANS NECESSARY. CONFLICTS IDENTIFIED BY ALL OTHER PERSONS SUBJECT TO THE POLICY ARE ADDRESSED BY ECUMEN'S CEO, WHO MAY DETERMINE IF A CONFLICT OF INTEREST EXISTS BASED ON AN INVESTIGATION CONDUCTED BY PEOPLE SERVICES AND GENERAL COUNSEL. ANY POTENTIAL CONFLICTS OF INTEREST ARE INVESTIGATED BY PEOPLE SERVICES AND/OR GENERAL COUNSEL ARE MAINTAINED BY THESE DEPARTMENTS. THE POLICY REQUIRES THE FOLLOWING RECORDS TO BE MAINTAINED: - THE NAMES OF THE RESPONSIBLE PERSONS WHO DISCLOSED A POTENTIAL CONFLICT OF INTEREST IN CONNECTION WITH A PROPOSED TRANSACTION OR CONTRACT WITH ECUMEN. - THE NATURE OF THE RELATIONSHIP OR FINANCIAL INTEREST THAT GAVE RISE TO THE POTENTIAL CONFLICT OF INTEREST. - THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE DETERMINATION OF WHETHER THE POTENTIAL CONFLICT OF INTEREST WAS A CONFLICT OF INTEREST WITH REGARD TO THE TRANSACTION OR CONTRACT. INVESTIGATIONS CONDUCTED BY PEOPLE SERVICES AND/OR GENERAL COUNSEL ARE MAINTAINED BY THESE DEPARTMENTS. ANY SUCH CONFLICTS DISCOVERED AFTER THE TRANSACTION HAS TAKEN PLACE WILL BE INVESTIGATED CONSISTENT WITH THE CONFLICT-OF-INTEREST POLICY. IF THE BOARD, COMMITTEE OR CHIEF EXECUTIVE OFFICER HAS REASONABLE CAUSE TO BELIEVE THAT THE POLICY WAS VIOLATED, THEN THEY SHALL INFORM THE PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THEM AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE PERSON AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD, COMMITTEE OR CHIEF EXECUTIVE OFFICER DETERMINES THAT A VIOLATION HAS OCCURRED, IT SHALL TAKE APPROPRIATE CORRECTIVE ACTION. 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 2022. THE PRESIDENT/CEO REVIEW IS COMPLETED ANNUALLY AND WAS LAST COMPLETED IN MARCH 2022. 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 XII, LINE 2C; THE PROCESS FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. 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