Luther Oaks Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202117469 ✦ Bloomington, IL ✦ Designated as a 501(c)(3)

Overview

What is Luther Oaks Inc?

Luther Oaks Inc is a nonprofit organization situated in Bloomington, Illinois, specifically at 601 Lutz Road. Their primary focus is on providing residential and healthcare services for seniors, catering to various needs such as independent living, assisted living, and skilled nursing units. The organization also offers benevolent care to seniors who have depleted their financial resources. With a mission to empower vibrant, grace-filled living across all generations, Luther Oaks Inc employs a team of 222 individuals to carry out its services. The organization partially funds its benevolent care through contributions from an affiliate, Lutheran Life Communities Foundation.


Official website here: www.lutheranlifecommunities.org

Is Luther Oaks Inc legitimate?

Luther Oaks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luther Oaks Inc 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,765,346

For more financial information, click here


Official website here: www.lutheranlifecommunities.org

What is the mission statement of Luther Oaks Inc?

Luther Oaks Inc's mission is centered around empowering vibrant, grace-filled living across various generations. They provide residential and healthcare services to seniors, including benevolent care for those who have depleted their financial resources. This benevolent care is partly funded by contributions from Lutheran Life Communities Foundation. The organization operates 90 independent living units, 57 assisted living units, and 18 skilled nursing units, offering a range of care options for seniors.


Official website here: www.lutheranlifecommunities.org

Who is the CEO of Luther Oaks Inc?

Sloan Bentley is the Vice Chair of Luther Oaks Inc.


Official website here: www.lutheranlifecommunities.org

What is the revenue of Luther Oaks Inc?

Luther Oaks Inc's revenue in 2022 was $10,927,077.


Official website here: www.lutheranlifecommunities.org

Who are the executives of Luther Oaks Inc and what are their salaries?

The average compensation at Luther Oaks Inc during 2022 was $16,961. There are 222 employees at Luther Oaks Inc.

Here are 4 key members and their salaries:

    Sloan Bentley (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $558,837
  • Other: $14,482

    • James Buckman (Treasurer/Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $268,877
  • Other: $16,717

    • Douglas M Rutter (Executive Director)
  • Compensation: $142,079
  • Related: $0
  • Other: $932

    • Michael Renetzky (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lutheranlifecommunities.org

    Where can I find the form 990 for Luther Oaks Inc?

    The Luther Oaks Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lutheranlifecommunities.org

    Learn more at the official website: www.lutheranlifecommunities.org

    Mission Statement of Luther Oaks Inc

    Luther Oaks Inc, a nonprofit organization, is dedicated to empowering vibrant, grace-filled living across all generations. They provide residential and healthcare services to seniors, extending benevolent care to those who have depleted their financial resources. This benevolent care is partially funded by contributions from Lutheran Life Communities Foundation. By developing and operating 90 independent living units, 57 assisted living units, and 18 skilled nursing units, Luther Oaks Inc ensures seniors have access to a range of living arrangements to cater to their varying needs.

    Impact

    This information is meant to be a general summary of Luther Oaks Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 1, 2024

    Luther Oaks Inc positively impacts the community by providing residential and health care services to seniors, including benevolent care for those who have exhausted their financial funds. With the development and operation of independent living units, assisted living units, and skilled nursing units, Luther Oaks ensures that seniors have access to a range of care options to support their well-being. Their mission of empowering vibrant, grace-filled living across all generations reflects their commitment to creating a supportive and inclusive environment for seniors in Bloomington, IL.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-37,260
  • Program Service Revenue: $10,807,085
  • Gross Receipts: $10,927,077

    • Assets and Liabilities:
  • Total Assets: $32,561,527
  • Total Liabilities: $47,949,365
  • Net Assets: -$15,387,838
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RESIDENT SERVICES REVENUE

    Revenue

    $10,573,045

    ANCILLARY REVENUE

    Revenue

    $234,040

    Organization Details

    Founding Year

    2004

    Principal Officer

    Sloan Bentley

    Main Address

    601 LUTZ ROAD, BLOOMINGTON, IL, 61704

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Luther Oaks Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.