Lutheran World Relief Inc
- Assets
- $72.3m
- Revenue
- $69.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 12/1946
- Data as of
- 09/2022
- EIN
- 13-2574963
Organization Overview
Lutheran World Relief Inc is located in Baltimore, MD. The organization was established in 1946. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran World Relief Inc 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 09/2022, Lutheran World Relief Inc generated $69.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $43.4m during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LWR WORKS WITH LUTHERANS & PARTNERS AROUND THE WORLD TO END POVERTY, INJUSTICE, & HUMAN SUFFERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCIES AND MATERIAL RESOURCES: LUTHERAN WORLD RELIEF RESPONDS TO NATURAL DISASTERS AND CONFLICT-DRIVEN EMERGENCIES, ESPECIALLY THOSE THAT AFFECT THE WORLD'S POOREST COMMUNITIES AND WORK WITH VULNERABLE COMMUNITIES TO HELP THEM REBUILD AFTER DISASTER STRIKES AND PREPARE FOR FUTURE DISASTERS. IN FISCAL YEAR 2021, WE ENGAGED IN 40 EMERGENCY RESPONSE AND MATERIAL RESOURCES PROJECTS AROUND THE WORLD. IN ADDITION, LUTHERAN WORLD RELIEF AND OUR PARTNERS CONDUCTED 26 DISTRIBUTIONS OF MISSION QUILTS OR CARE KITS REACHING NEARLY 700,000 PEOPLE.
AGRICULTURE: LUTHERAN WORLD RELIEF WORKS WITH POOR, RURAL COMMUNITIES AROUND THE WORLD TO HELP FARMERS IMPROVE THEIR CROPS, LEARN NEW TECHNIQUES AND TOOLS TO INCREASE THEIR YIELD AND ATTRACT BUYERS WHO WILL PAY MORE FOR THEIR PRODUCTS, HELP RURAL COMMUNITIES DEVELOP PRODUCTIVE, RESILIENT AND STABLE ECONOMIES THROUGH AN ENTERPRISE-BASED APPROACH THAT ENGAGES THE PRIVATE SECTOR AT MULTIPLE LEVELS TO CREATE PROFITABLE PARTNERSHIPS THAT BENEFIT FAMILIES AND PROMOTE RURAL LIVELIHOODS. IN FISCAL YEAR 2021, WE CARRIED OUT 49 PROGRAMS FOCUSED ON AGRICULTURE AND FOOD SECURITY.
HEALTH AND LIVELIHOODS: THE COMPLEXITIES OF HEALTH AND LIVELIHOODS CAN NOT BE DISTINCTLY SEPARATED IN MANY COMMUNITIES AROUND THE WORLD. AS SUCH, LUTHERAN WORLD RELIEF HAS STARTED ADDRESSING THE HEALTH AND LIVELIHOODS NEEDS OF THE MOST VULNERABLE COMMUNITIES IN AN INTEGRATED WAY. IN FISCAL YEAR 2021, WE IMPLEMENTED A TOTAL OF 9 PROJECTS FOCUSING BOTH HEALTH AND LIVELIHOODS IN AFRICA, MIDDLE EAST, AND EAST ASIA REGIONS.
GROUND UP INVESTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Speckhard President & CEO | OfficerTrustee | 55.38 | $521,704 |
Joann Theys SVP Finance & Admin, CFO | OfficerTrustee | 44.73 | $266,371 |
Tim Mccully Evp Impact & Partnership | Officer | 41.96 | $247,847 |
Michael Watt VP International Operations | Officer | 43.72 | $232,060 |
Edward Byrd VP External Relations | Officer | 44.84 | $226,824 |
Derek Reynolds VP Business Develop | Officer | 41.87 | $221,497 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdo Usa Llp Audit Services | 9/29/22 | $236,400 |
Framework Consulting Mgmt Consulting | 9/29/22 | $130,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $175,087 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,727,114 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,306,349 |
| Noncash contributions included in lines 1a–1f | $12,645,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,208,550 |
| Total Program Service Revenue | $0 |
| Investment income | $354,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,850 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,634,457 |
| 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 | $8,700,415 |
| 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 | $4,452,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,893,572 |
| Payroll taxes | $8,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,297,508 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,729,331 |
| Advertising and promotion | $4,195,406 |
| Office expenses | $40,229 |
| Information technology | $590,887 |
| Royalties | $0 |
| Occupancy | $291,045 |
| Travel | $850,024 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $678,752 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,028 |
| Insurance | $75,172 |
| All other expenses | $4,904,259 |
| Total functional expenses | $43,430,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,403,987 |
| Savings and temporary cash investments | $14,247,029 |
| Pledges and grants receivable | $1,628,620 |
| Accounts receivable, net | $4,239,338 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,172,668 |
| Prepaid expenses and deferred charges | $144,855 |
| Net Land, buildings, and equipment | $291,544 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,873,071 |
| Intangible assets | $0 |
| Other assets | $24,286,555 |
| Total assets | $72,287,667 |
| Accounts payable and accrued expenses | $5,161,323 |
| Grants payable | $0 |
| Deferred revenue | $980,366 |
| Tax-exempt bond liabilities | $1,265,164 |
| 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 | $7,657,702 |
| Total liabilities | $15,064,555 |
| Net assets without donor restrictions | $47,294,674 |
| Net assets with donor restrictions | $9,928,438 |
| 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 | $72,287,667 |
Grants Awarded
Over the last fiscal year, Lutheran World Relief Inc has awarded $101,892 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: Agriculture, Climate Change, Livelihoods | $50,000 |
LUTHERAN WORLD SERVICES INDIA TRUST PURPOSE: NFI Distribution | $45,500 |
HASER CAMBIO INC PURPOSE: Agriculture, Climate Change, Livelihoods | $6,392 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lutheran World Relief Inc has recieved totaling $15,500.
| Awarding Organization | Amount |
|---|---|
Buente Family Foundation Inc St Augustine, FL PURPOSE: HUMANITARIAN AID | $10,000 |
Campbell Family Foundation Portland, OR PURPOSE: GENERAL | $3,000 |
Dayspring Foundation Akron, OH PURPOSE: UKRAINE RELIEF | $1,500 |
The Silseth Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $1,402,625 |
| Earnings | $30,968 |
| Other Expense | $30,968 |
| Ending Balance | $1,402,625 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Blessing International Relief & Development Corp Virginia Beach, VA | $46,516,514 | $96,480,836 |
World Relief Corp Of National Association Of Evangelicals Baltimore, MD | $37,205,019 | $88,134,638 |
World Central Kitchen Incorporated Washington, DC | $115,400,907 | $122,852,447 |
Relief International Inc Washington, DC | $18,093,145 | $70,140,451 |
Blumont Global Development Inc Arlington, VA | $10,315,810 | $52,380,007 |
Halo Trust Usa Inc Washington, DC | $9,736,478 | $47,613,594 |
Results For Development Institute Inc Washington, DC | $16,759,449 | $40,353,687 |
Lutheran World Relief Inc Baltimore, MD | $72,287,667 | $69,634,457 |
Christian Relief Services Charities Inc Alexandria, VA | $4,032,952 | $38,457,221 |
International Orthodox Christian Charities Inc Baltimore, MD | $21,145,773 | $37,778,660 |
United Palestinian Appeal Inc Washington, DC | $6,253,375 | $30,902,975 |
Christian Relief Services Charities Inc Alexandria, VA | $1,058,086 | $23,184,836 |