2024-05-15T16:10:45-05:00 2023-12-31 411690382 Malloy Montague Karnowski Radosevich 5353 Wayzata Blvd Ste 410 Minneapolis MN 55416 990 2023-01-01 411373106 Mount Olivet Lutheran Church Foundation MOUN 6129267651 5025 Knox Ave S Minneapolis MN 55419 Deanne Nelson Director of Finance 6129267651 2024-05-13 1 Deanne Nelson XXX-XX-XXXX 0 Victoria L Holinka P00735616 9525450424 2024-05-13 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Deanne Nelson 5025 Knox Ave S Minneapolis MN 55419 3963671 0 X www.mtolivet.org X 1980 MN This corporation is organized and shall be operated exclusively for the benefit of, and to assist in carrying out the charitable, educational, and religious purposes of Evangelical Mount Olivet Lutheran Church, a Minnesota nonprofit corporation, and other organizations related via common management. 52 44 0 0 0 0 5488042 3661634 0 0 311028 285940 0 0 5799070 3947574 403541 673085 0 0 0 128335 0 170 163952 92250 141488 495791 943078 5303279 3004496 21474925 27951434 11147037 12988428 10327888 14963006 X This corporation is organized and shall be operated exclusively for the benefit of, and to assist in carrying out the charitable, educational, and religious purposes of Evangelical Mount Olivet Lutheran Church, a Minnesota nonprofit corporation, and other organizations related via common management. 0 0 673085 673085 This corporation is organized and shall be operated exclusively for the benefit of, and to assist in carrying out the charitable, educational, and religious purposes of the Evangelical Mount Olivet Lutheran Church. The board approved $673,085 in cash transfers to the Evangelical Mount Olivet Lutheran Church to support their exempt program accomplishments. 673085 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 52 44 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X Deanne Nelson 6129267651 5025 Knox Avenue S Minneapolis MN 55419 X JC Anderson Director 0.50 X 0 0 0 Scott Anderson Director 0.50 X 0 0 0 Maddie Bates Director 0.50 X 0 0 0 Doris Buerkle Director 0.50 X 0 0 0 Sue Bratrud Director 0.50 X 0 0 0 Ray Cabillot Director 0.50 X 0 0 0 Lisa Carlson Director 0.50 X 0 0 0 Martha Carlson Director 0.50 X 0 0 0 Jay Cavanagh Director 0.50 X 0 0 0 Ben Cieslik Director 0.50 X 0 0 0 Mark Dixon Director 0.50 48.00 X 0 0 0 Bruce Englsma Director 0.50 X 0 0 0 Fritz Ferris Director 0.50 X 0 0 0 Derek Gunderson Director 0.50 X 0 0 0 Barb Gurney Director 0.50 X 0 0 0 Lizabeth Halva Director 0.50 X 0 0 0 Monica Hammersten Director 0.50 48.00 X 0 0 0 Mary Hershberger Thun Director 0.50 X 0 0 0 Curt Hokanson Director 0.50 X 0 0 0 Ken Jarcho Director 0.50 X 0 0 0 Ron Kaliebe Director 0.50 X 0 0 0 Kurt Kalland Director 0.50 48.00 X 0 0 0 Dave Kroog Director 0.50 X 0 0 0 John Kuehn Director 0.50 X 0 0 0 Nancy Lindahl Director 0.50 X 0 0 0 Gwen Ludwig Director 0.50 X 0 0 0 Bill MacLean Director 0.50 48.00 X 0 0 0 Charlie McCain Director 0.50 X 0 0 0 Kathy Moody Director 0.50 X 0 0 0 Mary Morton Director 0.50 X 0 0 0 Sue Mulkern Director 0.50 X 0 0 0 Nancy Nash Director 0.50 48.00 X 0 0 0 Lance Olson Director 0.50 X 0 0 0 Debra Page Director 0.50 X 0 0 0 Matthew Podradsky Director 0.50 X 0 0 0 Beth Psihos Director 0.50 X 0 0 0 Peter Radosovich Director 0.50 X 0 0 0 Charlie Ruud Director 0.50 48.00 X 0 0 0 Katherine Sayre Director 0.50 X 0 0 0 Nate Slinde Director 0.50 X 0 0 0 Sally Smith Director 0.50 X 0 0 0 Greg Teigen Director 0.50 X 0 0 0 Vicki Turnquist Director 0.50 X 0 0 0 H William Walter Director 0.50 X 0 0 0 Ted Waltz Director 0.50 X 0 0 0 Becca Wold Freeman Director 0.50 48.00 X 0 0 0 Darcy Winter Director 0.50 X 0 0 0 Nancy Youngdahl Director 0.50 X 0 0 0 Lois Allen Secretary 0.50 X X 0 0 0 John Kapanke Vice President 0.50 X X 0 0 0 David Lose President 0.50 48.00 X X 0 0 0 Gary Wert Treasurer 0.50 X X 0 0 0 0 0 0 0 0 0 0 0 3661634 3661634 283056 283056 18981 16097 2884 2884 2884 3947574 0 0 285940 673085 673085 103689 103689 495 495 16788 16788 7363 7363 104088 104088 1953 1953 170 170 11316 11316 2618 2618 3316 3316 1941 1941 387 387 Development fees 15869 15869 943078 673085 106041 163952 27110 87536 527899 1014199 20712231 26792564 207685 57135 21474925 27951434 35115 13219 11076004 12891718 35918 83491 11147037 12988428 X 10327888 14963006 10327888 14963006 21474925 27951434 X 3004496 1586490 44132 X X 0 1 X 1 0 X X 1 Evangelical Mount Olivet Lutheran Church 410773766 1 1 673085 0 1 673085 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 11107562 1972646 130043 12950165 1 X 10327888 3661634 1916562 943078 14963006 6396919 5488042 -1061282 495791 10327888 5683913 623939 552107 463040 6396919 5626120 1458521 416034 1816762 5683913 5879393 1225252 550449 2028974 5626120 1.00000 0.00000 0.00000 0 0 0 Due to Evangelical Mount Olivet Lutheran Church 83491 83491 X Part IV, Line 2b: Custodial funds are comprised of amounts, including earnings thereon, placed with the Mount Olivet Lutheran Church Foundation (the Foundation) by the Evangelical Mount Olivet Lutheran Church (MOLC) and other closely related organizations (contributing entities) to be invested by the governing board of the Foundation, net of amounts due to the Foundation and to Mount Olivet Careview Home (Careview) (an organization closely related in purpose and function to MOLC) for professional and development fees allocated to the contributing entities. The funds and accumulated earnings held in trust may, at the discretion of the contributing entity, be requested at any time. The contributing entity bears all risk of loss. Part V, Line 4: To be provided to affliates when needed and approved by the board. Part X, Line 2: The Mount Olivet Lutheran Church Foundation (the Foundation) is exempt from taxation as a nonprofit organization in accordance with Section 501(c)(3) of the Internal Revenue Code and comparable state law, and contributions to it are tax deductible within the limitations prescribed by the code. The Fund follows the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board Accounting Standards Codification 740-10, Income Taxes. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Fund has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The Fund believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Fund's financial condition, results of operations, or cash flows. Accordingly, the Fund has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at December 31, 2023. The Fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. 1 Evangelical Mount Olivet Lutheran Church 5025 Knox Ave S Minneapolis MN 55419 410773766 501(c)(3) 673085 0 To support the Church's non-profit programs. Part I, Line 2: All transfers are recorded and kept on the books. Few grants are made. Form 990, Part VI, Section A, line 2 Dave Kroog and Nancy Youngdahl are Brother-in-law/Sister-in-law Nancy Nash and Maddie Bates are Mother/Daughter Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent accounting firm. Once the Form is completed it is given to Nancy Nash, Senior Director of Operations, and Deanne Nelson, Director of Finance, for review before it is provided to the Board of Directors for approval. Form 990, Part VI, Section B, line 12c The Board Officers monitor the conflict of interest policy and have each Director sign the policy each year. Form 990, Part VI, Section C, line 19 The organization governing documents, conflict of interst policy, and financial statement are made available to the public upon request. Form 990, Part XI, line 9: Change in cash surrender value 44,132. Form 990, Part XII, Line 2c The Personnel and Finance Committee is responsible for the oversight of the audit, financial reporting, and selection of an independent auditor. This process has not changed from the prior year. Related Organization Compensation Made an effort to obtain information regarding any compensation paid from a related organization. Other than compensation paid to the President (in the capacity of Senior Pastor) and certain Directors (in the capacity of Pastors), no additional transactions noted per responses received. Mount Olivet Property Acceptance LLC 5025 Knox Avenue South Minneapolis MN 55419 205258501 Provide support to the purpose of Evangelical Mount Olivet Lutheran Church. MN Mount Olivet Lutheran Church Foundation Evangelical Mount Olivet Lutheran Church 5025 Knox Avenue South Minneapolis MN 55419 410773766 Church - Place of Worship MN 501(c)(3) 170(b)(1)(A)(i) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mount Olivet Lutheran Church B 673085 Fair market value