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Endowment Fund Of The Solvang Lutheran Home

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Nursing, Convalescent Facilities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$988k (2024)

Expenses
$314k (2024)

Total Assets
$10.4M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$988,183
Expenses
$314,306
Net Income
$673,877
Net Assets
$10,378,977
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,800
0.6%
Program Services $0
Investment Income $286,144
29.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $60,959
6.2%
Net Fundraising $0
Sales of Assets $635,280
64.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,378,977
Total Liabilities $0
Net Assets $10,378,977
Compensation
Key Employees and Officers Compensation Related Other
Tom Olmstead (Director) $0 $0 $0
Barbara Waer (Secretary) $0 $0 $0
Mike Sgobba (Vice President) $0 $0 $0
Bill Cirone (President) $0 $0 $0
Martha Nedegaard (Director) $0 $0 $0
Janet Olivera (Director) $0 $0 $0
Maria Fazio (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,474
Expenses
$166,767
Net Income
-$148,293
Net Assets
$9,705,100
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,285
17.8%
Program Services $0
Investment Income $238,688
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $54,467
> 100%
Net Fundraising $0
Sales of Assets -$277,966
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,705,100
Total Liabilities $0
Net Assets $9,705,100
Compensation
Key Employees and Officers Compensation Related Other
Tom Olmstead (Director) $0 $0 $0
Barbara Waer (Director) $0 $0 $0
Mike Sgobba (Director) $0 $0 $0
Bill Cirone (Vice President) $0 $0 $0
Martha Nedegaard (Director) $0 $0 $0
Janet Olivera (President) $0 $0 $0
Janeen Cassidy (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$1,385,646
Expenses
$224,137
Net Income
-$1,609,783
Net Assets
$8,623,444
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,841
Program Services $0
Investment Income $305,709
Bond Proceeds $0
Royalties $0
Rental Property Income $51,485
Net Fundraising $0
Sales of Assets -$1,746,681
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,623,444
Total Liabilities $0
Net Assets $8,623,444
Compensation
Key Employees and Officers Compensation Related Other
Chris Brown (Director) $0 $0 $0
Carol Anders (Director) $0 $0 $0
Mike Sgobba (Director) $0 $0 $0
Martha Nedegaard (Director) $0 $0 $0
Bill Cirone (Vice President) $0 $0 $0
Janet Olivera (President) $0 $0 $0
Janeen Cassidy (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$901,581
Expenses
$169,513
Net Income
$732,068
Net Assets
$10,233,227
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,747
0.2%
Program Services $0
Investment Income $366,580
40.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $36,000
4.0%
Net Fundraising $0
Sales of Assets $497,254
55.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,233,227
Total Liabilities $0
Net Assets $10,233,227
Compensation
Key Employees and Officers Compensation Related Other
Chris Brown (Director) $0 $0 $0
Carol Anders (Director) $0 $0 $0
Verva Enoch (President) $0 $0 $0
Martha Nedegaard (Director) $0 $0 $0
Bill Cirone (Director) $0 $0 $0
Janet Olivera (Vice President) $0 $0 $0
Janeen Cassidy (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,096,293
Expenses
$182,571
Net Income
$913,722
Net Assets
$9,501,159
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,570
1.1%
Program Services $0
Investment Income $276,616
25.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $57,809
5.3%
Net Fundraising $0
Sales of Assets $750,298
68.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,501,159
Total Liabilities $0
Net Assets $9,501,159
Compensation
Key Employees and Officers Compensation Related Other
Carol Anders (Director) $0 $0 $0
Verva Enoch (President) $0 $0 $0
Martha Nedegaard (Director) $0 $0 $0
Janeen Cassidy (Secretary) $0 $0 $0
Chris Brown (Secretary) $0 $0 $0
Bill Cirone (Director) $0 $0 $0
Janet Olivera (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,340,506
Expenses
$207,971
Net Income
$1,132,535
Net Assets
$8,591,742
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,578
1.7%
Program Services $0
Investment Income $286,145
21.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $95,267
7.1%
Net Fundraising $0
Sales of Assets $933,375
69.6%
Net Inventory Sales $0
Other Revenue $3,141
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,591,743
Total Liabilities $1
Net Assets $8,591,742
Compensation
Key Employees and Officers Compensation Related Other
Chris Brown (Secretary) $0 $0 $0
Verva Enoch (Director) $0 $0 $0
Barbara Pedersen (Director) $0 $0 $0
Janeen Cassidy (Director) $0 $0 $0
Carol Clearwater (President) $0 $0 $0
Chris Nielsen (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$293,289
Expenses
$191,998
Net Income
$101,291
Net Assets
$7,454,902
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,750
1.6%
Program Services $0
Investment Income $239,817
81.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $48,722
16.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,454,902
Total Liabilities $0
Net Assets $7,454,902
Compensation
Key Employees and Officers Compensation Related Other
Chris Brown (Director) $0 $0 $0
Verva Enoch (Director) $0 $0 $0
Barbara Pedersen (Director) $0 $0 $0
Janeen Cassidy (Director) $0 $0 $0
Carol Clearwater (President) $0 $0 $0
Gene Madsen (Secretary) $0 $0 $0
Chris Nielsen (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$343,186
Expenses
$179,861
Net Income
$163,325
Net Assets
$7,902,370
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,053
11.7%
Program Services $0
Investment Income $255,587
74.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $53,314
15.5%
Net Fundraising $0
Sales of Assets -$5,768
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,902,370
Total Liabilities $0
Net Assets $7,902,370
Compensation
Key Employees and Officers Compensation Related Other
Bill Serritslev (Director) $0 $0 $0
Carol Clearwater (Director) $0 $0 $0
Verva Enoch (Director) $0 $0 $0
Barbara Pedersen (Director) $0 $0 $0
Gene Madsen (Secretary) $0 $0 $0
Chris Nielsen (Vice President) $0 $0 $0
Ernest Zomalt (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$491,639
Expenses
$143,467
Net Income
$348,172
Net Assets
$7,156,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,426
1.9%
Program Services $0
Investment Income $205,899
41.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $53,477
10.9%
Net Fundraising $0
Sales of Assets $222,837
45.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,156,440
Total Liabilities $0
Net Assets $7,156,440
Compensation
Key Employees and Officers Compensation Related Other
Bill Serritslev (Director) $0 $0 $0
Carol Clearwater (Director) $0 $0 $0
Verva Enoch (Director) $0 $0 $0
Barbara Pedersen (Director) $0 $0 $0
Gene Madsen (Secretary) $0 $0 $0
Chris Nielsen (Vice President) $0 $0 $0
Ernest Zomalt (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$34,480
Expenses
$113,956
Net Income
-$148,436
Net Assets
$6,808,268
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,823
Program Services $0
Investment Income $219,262
Bond Proceeds $0
Royalties $0
Rental Property Income $51,161
Net Fundraising $0
Sales of Assets -$310,726
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,808,270
Total Liabilities $2
Net Assets $6,808,268
Compensation
Key Employees and Officers Compensation Related Other
Bill Serritslev (Director) $0 $0 $0
Carol Clearwater (Director) $0 $0 $0
Verva Enoch (Director) $0 $0 $0
Barbara Pedersen (Director) $0 $0 $0
Chris Nielsen (Vice President) $0 $0 $0
Ernest Zomalt (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,205,834
Expenses
$93,948
Net Income
$2,111,886
Net Assets
$6,956,704
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,015,360
91.4%
Program Services $0
Investment Income $280,505
12.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $48,991
2.2%
Net Fundraising $0
Sales of Assets -$139,022
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,960,293
Total Liabilities $3,589
Net Assets $6,956,704
Compensation
Key Employees and Officers Compensation Related Other
Charlotte Lindsey (Director) $0 $0 $0
Carol Clearwater (Director) $0 $0 $0
Verva Enoch (Director) $0 $0 $0
Barbara Pedersen (Director) $0 $0 $0
Gene Madsen (Secretary/Treas) $0 $0 $0
Chris Nielsen (Vice President) $0 $0 $0
Ernest Zomalt (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$512,807
Expenses
$99,162
Net Income
$413,645
Net Assets
$4,844,822
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,050
3.3%
Program Services $0
Investment Income $165,000
32.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $44,444
8.7%
Net Fundraising $0
Sales of Assets $286,313
55.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,844,822
Total Liabilities $0
Net Assets $4,844,822

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$453,207
Expenses
$74,975
Net Income
$378,232
Net Assets
$4,431,177
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,577
2.6%
Program Services $0
Investment Income $192,372
42.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $43,150
9.5%
Net Fundraising $0
Sales of Assets $206,108
45.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,431,177
Total Liabilities $0
Net Assets $4,431,177

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$187,392
Expenses
$94,452
Net Income
$92,940
Net Assets
$4,052,945
Notable Sources of Revenue Percent of Total Revenue
Contributions $230,783
> 100%
Program Services $0
Investment Income $123,262
65.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $41,464
22.1%
Net Fundraising $0
Sales of Assets -$208,117
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,052,945
Total Liabilities $0
Net Assets $4,052,945

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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