Heartland Lutheran High School Foundation
- Assets
- $991.2k
- Revenue
- $240.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Island, NE
- Founding
- 03/2004
- Data as of
- 06/2023
- EIN
- 01-0803924
Organization Overview
Heartland Lutheran High School Foundation is located in Grand Island, NE. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Lutheran High School Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Heartland Lutheran High School Foundation generated $240.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $219.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT OF HEARTLAND LUTHERAN HIGH SCHOOL 47-0768292 THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR: CHARITABLE; RELIGIOUS; AND EDUCATIONAL PURPOSES AND SHALL BE OPERATED FOR THE BENEFIT OF HEARTLAND LUTHERAN HIGH SCHOOL, OF GRAND ISLAND, NEBRASKA (HEREINAFTER REFERRED TO AS "HLHS"). THE FOUNDATION SHALL NOT ENGAGE IN ANY ACTIVITY, WHICH SHALL CAUSE IT TO BECOME INELIGIBLE FOR TAX EXEMPTION UNDER THE LAWS OF THE UNITED STATES OR THE STATE OF NEBRASKA. AID AND ASSIST HLHS BY AND THROUGH THE SOLICITATION OF GIFTS, CONTRIBUTIONS, FUNDS AND BEQUESTS OF REAL AND PERSONAL PROPERTIES, AND BE HELD AND ADMINISTERED AS PRINCIPAL AND TRUSTEE, FOR THE USE AND BENEFIT OFHLHS AND SUCH OTHER RELIGIOUS AND CHARITABLE ORGANIZATIONS AS THE BOARD OF TRUSTEES DETERMINES. FOSTER AND SUPPORT CHRISTIAN EDUCATION. PROVIDE SCHOLARSHIPS, LOANS, GRANTS, FINANCIAL AID AND OTHER EDUCATION AID FOR CHRISTIAN EDUCATION, TO INCLUDE NECESSARY AID IN CONSTRUCTION OF FACILITIES AS NEEDED FROM TIME TO TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TUITION ASSISTANCE TO HIGH SCHOOL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Sorge President | OfficerTrustee | 2 | $0 |
David Plond Vice-Preside | OfficerTrustee | 1 | $0 |
Ronald Vonderohe Treasurer | OfficerTrustee | 2 | $0 |
Marvin Kohler Secretary | OfficerTrustee | 2 | $0 |
Dennis Mcarty Director | Trustee | 1 | $0 |
Cammie Poppe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,901 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,901 |
| Total Program Service Revenue | $0 |
| Investment income | $1,782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $219,687 |
| Total functional expenses | $219,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $991,166 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $991,166 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $991,166 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $991,166 |