Liberty Lutheran Foundation
- Assets
- $42.7m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Ambler, PA
- Founding
- 04/1988
- Data as of
- 06/2022
- EIN
- 23-2665839
Organization Overview
Liberty Lutheran Foundation is located in Ambler, PA. The organization was established in 1988. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Liberty Lutheran Foundation employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Liberty Lutheran 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 06/2022, Liberty Lutheran Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $735.6k during the year ending 06/2022. 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
TO ENSURE THE SECURITY AND PROSPERITY OF LIBERTY LUTHERAN'S FAMILY OF SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBERTY LUTHERAN FOUNDATION IS A NONPROFIT 501(C)(3) ORGANIZATION THAT SERVES AS A RESOURCE TO ENSURE THE SECURITY AND PROSPERITY OF LIBERTY LUTHERAN'S FAMILY OF SERVICES, AS WELL AS ITS RESIDENTS, MEMBERS, PATIENTS, AND CLIENTS. TASKED WITH THE IMPLEMENTATION AND ADMINISTRATION OF FUNDRAISING ACTIVITIES, LIBERTY LUTHERAN FOUNDATION ALSO MANAGES INVESTMENT PORTFOLIOS THAT BENEFIT THE ENTIRE ORGANIZATION. LIBERTY LUTHERAN'S EFFORTS HAVE CREATED ADDITIONAL SERVICES, AMENITIES, AND RESOURCES, INCLUDING FOUR BENEVOLENT CARE PROGRAMS THAT HELP RESIDENTS WHO HAVE OUTLIVED THEIR FINANCIAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Keddie Chairman | OfficerTrustee | 0.5 | $0 |
Fred Hopke Board Member | Trustee | 0.5 | $0 |
Beverly Bortz Board Member | Trustee | 0.5 | $0 |
James Himler Vice Chair | Trustee | 0.5 | $0 |
David Stettler Treasurer | Trustee | 0.5 | $0 |
Linda Breckenridge Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $64,910 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $305,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $370,328 |
| Total Program Service Revenue | $237,500 |
| Investment income | $725,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,311,739 |
| Net Income from Fundraising Events | -$1,220 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,644,145 |
| 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 | $151,734 |
| Pension plan accruals and contributions | $3,775 |
| Other employee benefits | $91,457 |
| Payroll taxes | $10,375 |
| 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 | $106,922 |
| Fees for services: Other | $162,109 |
| Advertising and promotion | $17,919 |
| Office expenses | $20,377 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,295 |
| Travel | $144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99 |
| Interest | $0 |
| Payments to affiliates | $143,189 |
| Depreciation, depletion, and amortization | $185 |
| Insurance | $4,405 |
| All other expenses | $0 |
| Total functional expenses | $735,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,428 |
| Savings and temporary cash investments | $1,399,525 |
| Pledges and grants receivable | $459,360 |
| 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 | $21,612 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $30,873,141 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,687,413 |
| Total assets | $42,715,479 |
| Accounts payable and accrued expenses | $29,191 |
| 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 | $178 |
| Total liabilities | $29,369 |
| Net assets without donor restrictions | -$737,139 |
| Net assets with donor restrictions | $43,423,249 |
| 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 | $42,715,479 |
Grants Awarded
Over the last fiscal year, Liberty Lutheran Foundation has awarded $110,768 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MARY J DREXEL HOME PURPOSE: TO ASSIST IN THE OPERATIONS OF MARY J. DREXEL HOME | $46,287 |
ARTMAN LUTHERAN HOME PURPOSE: TO ASSIST IN THE OPERATIONS OF ARTMAN LUTHERAN HOME | $18,194 |
DEACONESS COMMUNITY PURPOSE: TO ASSIST IN THE OPERATIONS OF THE DEACONESS COMMUNITY | $46,287 |