2025-08-05T13:56:56-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 20 STANWIX STREET PITTSBURGH PA 15222 990 2024-01-01 520696196 AUGSBURG LUTHERAN HOME OF MD INC AUGS 3013542710 5275 WESTVIEW DRIVE 110 FREDERICK MD 21703 CYNTHIA WALTERS PRESIDENT AND CEO 3013542710 2025-08-04 1 1 KELLY A BROCIOUS CPA P01254262 4126976400 2025-08-04 2024 2025-03-06 01:10:19Z AUGSBURG ACORN FOUNDATION CYNTHIA WALTERS 5275 WESTVIEW DRIVE 110 FREDERICK MD 21703 678305 0 X WWW.NATIONALLUTHERAN.ORG X 1892 MD THE AUGSBURG ACORN FOUNDATION AIMS TO BUILD FINANCIAL RESOURCES THROUGH TAX DEDUCTIBLE GIFTS THAT WILL SUPPORT A BENEVOLENT CARE PROGRAM. 4 3 168 3 0 0 103054 18030 16816843 75390 2799601 584585 109141 300 19828639 678305 0 0 0 0 12295046 -150000 0 0 0 15293992 1323241 27589038 1173241 -7760399 -494936 8767813 814346 2486069 356708 6281744 457638 X THE AUGSBURG ACORN FOUNDATION AIMS TO BUILD FINANCIAL RESOURCES THROUGH TAX DEDUCTIBLE GIFTS THAT WILL SUPPORT A BENEVOLENT CARE PROGRAM. 0 1 1173241 75390 UNTIL 2024, AUGSBURG WAS OPERATED AS A FAITH-BASED, NOT-FOR-PROFIT COMMUNITY AFFILIATED WITH THE EVANGELIC LUTHERAN CHURCH IN AMERICA AND THE LUTHERAN CHURCH MISSOURI SYNOD. AS THE TRANSITION TO A NEW OWNER OCCURRED, IT WAS PURPOSED THAT THE AUGSBURG ACORN FOUNDATION WOULD CONTINUE THE TRADITION OF GIVING TO THOSE IN NEED OF FINANCIAL SUPPORT IN THEIR HOUSING.AS A FAITH-BASED MINISTRY WITH MORE THAN A CENTURY OF SERVING OLDER ADULTS, WE BELIEVE WE ARE CALLED TO PROVIDE SUPPLEMENTAL FINANCIAL SUPPORT TO RESIDENTS WHO HAVE BEEN GOOD FINANCIAL STEWARDS YET HAVE OUTLIVED THEIR RESOURCES AND CAN NO LONGER AFFORD THE SERVICES OR CARE THEY NEED.THE AUGSBURG ACORN FOUNDATION AIMS TO BUILD FINANCIAL RESOURCES THROUGH TAX DEDUCTIBLE GIFTS THAT WILL SUPPORT A BENEVOLENT CARE PROGRAM.MANAGED BY NATIONAL LUTHERAN COMMUNITIES & SERVICES, THIS BENEVOLENT CARE PROGRAM WILL PROVIDE FINANCIAL SUPPORT FOR THOSE CURRENTLY ON BENEVOLENT CARE AT AUGSBURG AND THOSE WHO MAY NEED FINANCIAL SUPPORT IN THE FUTURE, EITHER AS RESIDENTS AT AUGSBURG OR OTHER MEMBERS OF OUR CONGREGATIONS IN THE BALTIMORE REGION. 1173241 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 168 1 0 0 0 0 0 0 0 0 0 0 X 4 3 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X X DONNA CASNER 3013542710 5275 WESTVIEW DRIVE SUITE 110 FREDERICK MD 21703 ALBERT E LIETZAU IV SECRETARY/TREASURER 1.00 X X 0 0 0 JAMES MILTON DIRECTOR 1.00 X 0 0 0 REV MEHERET CARUTHERS DIRECTOR 1.00 X 0 0 0 CYNTHIA WALTERS PRESIDENT/CEO 10.00 30.00 X X 0 466897 31093 DONNA CASNER VICE PRESIDENT FINANCE 7.50 32.50 X 0 221190 18427 0 688087 49520 0 0 1 1 0 18030 18030 NET RESIDENT SERVICE 623000 75390 75390 75390 51338 51338 533247 0 533247 533247 533247 CAFETERIA INCOME 623000 217 217 HAIR CARE REVENUE 623000 83 83 300 678305 75390 0 584885 -150000 -150000 1494190 1494190 1621 1621 -144236 -144236 MISCELLANEOUS EXPENSE 84254 84254 DUES & SUBSCRIPTIONS -5336 -5336 BAD DEBT EXPENSE -27742 -27742 REPAIRS & MAINTENANCE -79510 -79510 1173241 1173241 0 0 563047 89765 40926 32770 1928916 100 5512126 685748 722798 5963 8767813 814346 2486069 311644 0 45064 2486069 356708 X 5614183 -262835 667561 720473 6281744 457638 8767813 814346 X -494936 -483599 -4845571 X 0 1 X 1 0 X 3209949 1171914 846259 103054 18030 5349206 3209949 1171914 846259 103054 18030 5349206 5349206 276128 190193 123891 247798 51338 889348 1344499 175874 133699 109141 300 1763513 8002067 65439629 0.66850 0.66200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 225,771. 2021 AMOUNT: $ 175,874. 2022 AMOUNT: $ 133,699. 2023 AMOUNT: $ 109,141. 2024 AMOUNT: $ 300. PROVIDER RELIEF FUNDS - 2020 AMOUNT: $ 1,118,728. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFFILIATES 45064 45064 X 55919 -483599 -483599 539518 138787 138787 678305 1087366 0 1087366 85875 85875 1173241 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (CODE) AND HAS BEEN RECOGNIZED AS TAX EXEMPT UNDER SECTION 501(A) OF THE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE AN ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN BY THE COMPANIES AND RECOGNIZE A TAX LIABILITY OR ASSET IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICES (IRS). THE ORGANIZATION HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE FINANCIAL STATEMENTS. GENERALLY, TAX RETURNS FOR YEARS ENDED DECEMBER 31, 2022, AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 1,621. DONOR RESTRICTED CONTRIBUTIONS 3,317. CHANGE IN VALUE OF FUNDS HELD IN TRUST 49,595. CONTRACTUAL ALLOWANCE 84,254. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 1,621. CONTRACTUAL ALLOWANCE 84,254. 0 0 0 0 0 0 0 1 0 CYNTHIA WALTERS PRESIDENT/CEO 0 440313 0 25000 0 1584 0 13339 0 17754 0 497990 0 0 DONNA CASNER VICE PRESIDENT FINANCE 0 209997 0 10641 0 552 0 8169 0 10258 0 239617 0 0 PART I, LINE 3 THE ORGANIZATION'S CEO IS PAID BY NATIONAL LUTHERAN, INC. NATIONAL LUTHERAN, INC. USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 7 BONUS COMPENSATION IS PAID IN ACCORDANCE WITH THE ORGANIZATION'S COMPENSATION PHILOSOPHY POLICY, WHICH INCLUDES OPTIONS SUCH AS DISCRETIONARY AND SPOT BONUSES BASED ON INDIVIDUAL OR COMPANY PERFORMANCE. FORM 990, PART III, LINE 3 AUGSBURG CEASED CCRC OPERATIONS AS OF 12/31/2023. THE ORGANIZATION'S ARTICLES OF INCORPORATION WERE AMENDED FOR THE ORGANIZATION TO FUNCTION AS A FOUNDATION AND PROVIDE CHARITABLE SUPPORT FOR THE HEALTHCARE, HOUSING, GENERAL CARE AND WELLBEING OF AGED PERSONS. FORM 990, PART VI, SECTION A, LINE 3 NATIONAL LUTHERAN, INC. (EIN 47-2584315), THE PARENT ENTITY, PROVIDES FINANCIAL AND MANAGEMENT FUNCTIONS FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 4 AUGSBURG CEASED CCRC OPERATIONS AS OF 12/31/2023. THE ORGANIZATION'S ARTICLES OF INCORPORATION WERE AMENDED FOR THE ORGANIZATION TO FUNCTION AS A FOUNDATION AND PROVIDE CHARITABLE SUPPORT FOR THE HEALTHCARE, HOUSING, GENERAL CARE AND WELLBEING OF AGED PERSONS. FORM 990, PART VI, SECTION A, LINE 6 NATIONAL LUTHERAN, INC. IS THE SOLE MEMBER OF THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A NATIONAL LUTHERAN, INC., THE SOLE MEMBER OF AUGSBURG ACORN FOUNDATION, HAS THE RIGHT TO VOTE AND ELECT MEMBERS OF THE FILING ORGANIZATION'S BOARD OF TRUSTEES. THE MEMBER ALSO RESERVES THE RIGHT TO REMOVE ANY TRUSTEE WITH OR WITHOUT CAUSE. FORM 990, PART VI, SECTION A, LINE 7B APPROVAL OF THE FOLLOWING MATTERS IS RESERVED EXCLUSIVELY TO THE MEMBERSHIP. THE MEMBERSHIP MAY INITIATE AND IMPLEMENT ANY PROPOSAL WITH RESPECT TO ANY OF THE FOLLOWING AND, IF ANY PROPOSAL WITH RESPECT TO ANY OF THE FOLLOWING IS OTHERWISE INITIATED, IT SHALL NOT BECOME EFFECTIVE UNLESS APPROVED BY THE MEMBERSHIP. A. APPROVAL OF THE ROLE AND/OR MISSION STATEMENT, IF ANY; B. APPROVAL OF OPERATING AND CAPITAL BUDGET; C. APPROVAL OF AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE DEPARTMENT STAFF OF THE PARENT, NATIONAL LUTHERAN, INC. PERFORMS AN INITIAL REVIEW OF THE FORM 990. UPON APPROVAL, THE FORM 990 IS MADE AVAILABLE TO EACH BOARD MEMBER FOR REVIEW AND APPROVAL AT A BOARD MEETING PRIOR TO TRANSMISSION OF THE RETURN TO THE IRS. NATIONAL LUTHERAN, INC.'S BOARD WILL RECEIVE A COPY OF THE RETURN PRIOR TO THE IRS FILING AS WELL. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND KEY EMPLOYEES SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. IF A CONFLICT IS IDENTIFIED, IT IS 1) IDENTIFIED AND DISCUSSED WITH THE BOARD AND 2) REVIEWED AND DOCUMENTED BY MANAGEMENT. IF AN ACTUAL OR POTENTIAL CONFLICT IS IDENTIFIED, THE BOARD MEMBER, OFFICER, OR EMPLOYEE WILL RECUSE HIM OR HERSELF FROM ANY CONVERSATIONS, DECISIONS, OR OTHER ACTIVITIES AND DISCUSSIONS INVOLVING THE CONFLICT. FAMILY AND BUSINESS RELATIONSHIPS ARE EXPRESSLY MENTIONED IN THE CONFLICT OF INTEREST POLICY AS POTENTIAL SOURCES OF CONFLICTS WITH INTERESTED PERSONS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO IS PAID BY NATIONAL LUTHERAN, INC. (NLI). NLI'S BOARD DETERMINES THE COMPENSATION FOR THE CEO THROUGH THE COMBINED USE OF SEVERAL METHODS. THE NLI EXECUTIVE COMMITTEE SERVES AS A COMPENSATION COMMITTEE WHICH OVERSEES THE PROCESS. THE CEO, EXECUTIVE DIRECTOR, AND VICE PRESIDENT OF TALENT & CULTURE USE SALARY SURVEYS TO DETERMINE THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES TO ASSURE THEY ARE WITHIN THE LOCAL MARKET RANGE. THE SERVICES THE INDIVIDUAL PROVIDES TO THE ORGANIZATION AND THE TENURE OF THE OFFICER ARE ALSO FACTORS CONSIDERED IN SALARY DETERMINATIONS. ONCE THE EXECUTIVE COMMITTEE GIVES ITS APPROVAL, ITS DECISIONS ARE NOTED AT THE BOARD LEVEL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND AT NO COST. FORM 990, PART XI, LINE 9: EQUITY TRANSFER -4,845,571. FORM 990, PART IX AUGSBURG ACORN FOUNDATION DID NOT HAVE ANY FUNDRAISING EXPENSES AT THE COMMUNITY LEVEL, RATHER THESE EXPENSES ARE REMITTED FROM INVESTMENT ASSETS HELD BY THE PARENT ORGANIZATION, NATIONAL LUTHERAN, INC. NATIONAL LUTHERAN HOME FOR THE AGED INC 5275 WESTVIEW DRIVE SUITE 110 FREDERICK MD 21703 262222476 SUPPORTING ORGANIZATION MD 501(C)(3) LINE 12A, I NATIONAL LUTHERAN INC 0 THE VILLAGE AT ROCKVILLE INC 9701 VEIRS DRIVE ROCKVILLE MD 20850 530196624 CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 NATIONAL LUTHERAN INC 0 THE VILLAGE AT ORCHARD RIDGE INC 400 CLOCKTOWER RIDGE DRIVE WINCHESTER VA 22603 263445374 CONTINUING CARE RETIREMENT COMMUNITY VA 501(C)(3) LINE 10 NATIONAL LUTHERAN INC 0 THE VILLAGE AT PROVIDENCE POINT INC 5275 WESTVIEW DRIVE SUITE 110 FREDERICK MD 21703 454024593 CONTINUING CARE RETIREMENT COMMUNITY IN DEVELOPMENT STAGES MD 501(C)(3) LINE 10 NATIONAL LUTHERAN INC 0 NATIONAL LUTHERAN INC 5275 WESTVIEW DRIVE SUITE 110 FREDERICK MD 21703 472584315 CORPORATE OVERSIGHT MD 501(C)(3) LINE 10 N/A 0 THE LEGACY AT NORTH AUGUSTA INC 1410 A NORTH AUGUSTA STREET STAUNTON VA 24401 452857307 RESIDENTAL CARE AND ASSISTED LIVING FACILITY VA 501(C)(3) LINE 10 NATIONAL LUTHERAN INC 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 1