Overview
What is Ebenezer Society Foundation?
Ebenezer Society Foundation is a charitable organization, situated in Edina, Minnesota, that offers support to Ebenezer Society. This support primarily focuses on providing healthcare services to older adults. Ebenezer Society has a wide range of facilities, including 846 beds and apartments, offering various levels of care such as skilled nursing, memory care, assisted living, and independent living. The foundation's mission aligns with Ebenezer Society's overall goal of empowering older adults and others to live more independently, healthfully, meaningfully, and securely. They draw upon their Lutheran heritage to address the physical, psychological, social, and spiritual needs of individuals. Ebenezer Society Foundation is committed to welcoming people from diverse backgrounds and faiths, practicing responsible stewardship of resources, and promoting continuous learning and innovation to achieve excellence in their services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star Rating.
The Ebenezer Society Foundation has received a solid rating of 86%, reflecting a strong performance in accountability and finance. This rating is primarily based on their accountability metrics, with a perfect score in areas such as board independence and financial oversight. The organization has a high percentage of independent board members and maintains robust policies around conflicts of interest and whistleblower protections.
Strengths of the foundation include a low liabilities to assets ratio of 0.61%, indicating a strong financial position, and a comprehensive audit and oversight structure. Their program expense ratio of 63.41% suggests that they allocate a significant portion of their funds directly to program services, which is a positive indicator of their commitment to their mission.
However, the foundation could improve its program expense ratio, which is slightly below the ideal benchmark, suggesting that there may be room for increased effectiveness in program delivery. Nonetheless, their overall governance and financial health are commendable, making them a reliable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ebenezer Society Foundation legitimate?
Ebenezer Society Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ebenezer Society Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $140,127
Other Salaries and Wages: $199,207
For more financial information, click here
What is the mission statement of Ebenezer Society Foundation?
The Ebenezer Society Foundation, an integral part of Ebenezer Society, is committed to enhancing the independence, well-being, significance, and security of older adults and other individuals. Drawing inspiration from its Lutheran heritage, the foundation addresses the physical, psychological, social, and spiritual needs of individuals as a whole. It welcomes people from diverse cultural and faith backgrounds and promotes responsible stewardship of human, property, and financial resources. The foundation also encourages continuous learning and innovation to strive for excellence. The mission of Ebenezer Society Foundation is to improve the lives of its beneficiaries in a holistic manner.
What is the revenue of Ebenezer Society Foundation?
Ebenezer Society Foundation's revenue in 2023 was $1,030,025.
Who are the executives of Ebenezer Society Foundation and what are their salaries?
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $5,208,444
- Other: $38,307
- Compensation: $0
- Related: $532,207
- Other: $77,189
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- Other: $0
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- Related: $357,738
- Other: $36,173
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $409,780
- Other: $33,683
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- Other: $0
- Compensation: $0
- Related: $169,605
- Other: $21,811
Where can I find the form 990 for Ebenezer Society Foundation?
Ebenezer Society Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ebenezer Society Foundation
The Ebenezer Society Foundation, an integral part of Ebenezer Society, is dedicated to improving the lives of older adults and various individuals by promoting independence, health, meaning, and security. Drawing upon its Lutheran heritage, this nonprofit organization responds to the physical, psychological, social, and spiritual needs of individuals as a whole, welcoming people from diverse cultures and faith traditions. Ebenezer Society Foundation practices responsible stewardship of human, property, and financial resources, continually learning and innovating to strive for excellence. In essence, the mission of Ebenezer Society Foundation is to enhance the quality of life for its beneficiaries, respecting their unique perspectives and needs, and fostering a nurturing environment that encourages personal growth and well-being.
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Impact
July, 2024
The Ebenezer Society Foundation, as part of the Ebenezer Society, plays a crucial role in supporting older adults by offering health care services that promote independence, health, meaning, and security. Through its 846 beds/apartments providing skilled nursing, memory care, assisted living, and independent living services, the foundation impacts the lives of many individuals in a meaningful way. By focusing on the physical, psychological, social, and spiritual well-being of its residents, the foundation embodies responsible stewardship and a commitment to excellence. Its mission to care for older adults and create a supportive environment for diverse cultures and faith traditions demonstrates the foundation's dedication to improving the quality of life for those in need of health care services.
This information is meant to be a general summary of Ebenezer Society Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $250,373
- Gross Receipts: $1,117,382
Assets and Liabilities:
- Total Assets: $6,679,063
- Total Liabilities: $40,939
- Net Assets: $6,638,124
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Organization Details
Founding Year
1978
NTEE Category
Code: E91 - Health
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