First Lutheran Church Foundation
- Assets
- $5.4m
- Revenue
- $399.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 06/1969
- Data as of
- 06/2022
- EIN
- 23-7031377
Organization Overview
First Lutheran Church Foundation is located in Fargo, ND. The organization was established in 1969. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Lutheran Church 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, First Lutheran Church Foundation generated $399.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $332.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, First Lutheran Church Foundation has awarded 64 individual grants totaling $1,062,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPAND THE WITNESS AND MISSION OF THE FIRST LUTHERAN CHURCH IN THE COMMUNITY, REGION AND WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION FUNDS TOTALING $179,212 WERE DISBURSED IN SUPPORT OF FIRST LUTHERAN CHURCH PROGRAMS INCLUDING BIBLE CAMP COSTS, MISSIONS, CURRICULUM, AND FURNISHINGS/REMODELING/EXPANSION.
AS PART OF THE COMMUNITY OUTREACH, EDUCATION AND MISSION OF THE FOUNDATION, IT ALSO DISTRIBUTED $1,500 TO CROSSROADS CAMPUS MINISTRY AT MSUM FOR MEALS FOR WORSHIP EVENTS, $20,000 TO FARGO ELIM ASSISTED LIVING FOR GARDENS/PERGOLA, $6,000 TO FRIENDS OF ACCION MINISTRY FOR A NEW TRUCK, $9,000 TO MOUNT CARMEL MINISTRIES FOR A NEW PONTOON MOTOR, $10,000 TO CENTER FOR CHRISTIAN EDUCATION FOR EXPANSION/RECONSTRUCTION SUPPORT, $5,000 TO LAKE AGASSIZ HABITAT FOR HUMANITY FOR BUILDING MATERIALS, $10,288 TO YWCA CASS-CLAY FOR EQUIPMENT, $5,000 TO DAKOTA BOYS & GIRLS RANCH FOR SAFETY UPGRADES, $8,000 TO FEED MY STARVING CHILDREN FOR FINANCIAL SUPPORT, $15,000 TO CHURCHES UNITED FOR THE HOMELESS FOR COMPUTERS/HARDWARE, $4,500 TO JAIL CHAPLAINS FOR FINANCIAL SUPPORT, $7,500 TO PATHWAYS LUTHERAN OUTDOOR MINISTRIES FOR BATHHOUSE UPDATES, $3,600 TO CHISOM HOUSING GROUP FOR FOOD, AND $10,000 TO DOWN HOME FOR MATTRESSES/BED FRAMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Helming Secretary/treasurer (left Jan 2022) | OfficerTrustee | 1 | $0 |
Mary Ann Phillips President | OfficerTrustee | 1 | $0 |
Susan Brudvik Director | Trustee | 1 | $0 |
Wayne Dybing Director | Trustee | 1 | $0 |
Lindsey Little Director | Trustee | 1 | $0 |
Sandy Korbel 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 | $126,181 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,181 |
| Total Program Service Revenue | $0 |
| Investment income | $123,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $356 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $149,058 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $294,600 |
| 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 | $1,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,791 |
| 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 | $1,293 |
| All other expenses | $0 |
| Total functional expenses | $332,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,740 |
| 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 | $5,305,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,379,319 |
| 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 | $0 |
| 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 | $5,379,319 |
| Total liabilities and net assets/fund balances | $5,379,319 |
Grants Awarded
Over the last fiscal year, First Lutheran Church Foundation has awarded $275,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Fargo, ND PURPOSE: SUPPORT OF FIRST LUTHERAN CHURCH PROGRAMS | $179,212 |
Edina, MN PURPOSE: GARDENS/PERGOLA | $20,000 |
Moorhead, MN PURPOSE: COMPUTERS/HARDWARE | $15,000 |
Fargo, ND PURPOSE: EQUIPMENT FOR ONSITE CHILDCARE CENTER | $10,288 |
CENTER FOR CHRISTIAN EDUCATION PURPOSE: EXPANSION/RECONSTRUCTION OF LAMS FACILITIES | $10,000 |
Fargo, ND PURPOSE: PURCHASE OF MATTRESSES/BED FRAMES | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that First Lutheran Church Foundation has recieved totaling $103,235.
| Awarding Organization | Amount |
|---|---|
Fargo-Moorhead Area Foundation Corporation Fargo, ND PURPOSE: GENERAL SUPPORT | $98,790 |
Clara P Evenson Estate 60029580 Milwaukee, WI PURPOSE: GENERAL OPERATING | $4,445 |
Endowment Analysis
| Beg. Balance | $513,339 |
| Earnings | -$59,691 |
| Admin Expense | $2,842 |
| Net Contributions | $10,000 |
| Other Expense | $23,600 |
| Ending Balance | $437,206 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Immanuel Lutheran Corporation Of Kalispell Montana Kalispell, MT | $74,381,473 | $25,428,001 |
Association Of Hutterian Brethren Churches Inc Aberdeen, SD | $14,512,217 | $27,857,692 |
Training Leaders International Minneapolis, MN | $2,737,195 | $5,107,369 |
Thrivent Financial for Lutherans Foundation Minneapolis, MN | $0 | $8,333,726 |
Lutheran Brethren Woodland Lodge Inc Fergus Falls, MN | $3,043,872 | $1,494,856 |
Fellowship Missionary Baptist Church Inc Minneapolis, MN | $4,348,803 | $1,421,662 |
Youth For Christ Usa Inc Willmar, MN | $718,542 | $1,231,617 |
International Gospel Outreach Stillwater, MN | $404,671 | $1,032,820 |
Congregations Caring For Creation Minneapolis, MN | $507,396 | $903,320 |
Potters Field Ranch Inc Whitefish, MT | $1,025,013 | $903,929 |
Kingdom Capital Fund Sioux Falls, SD | $2,710,930 | $1,855,135 |
Overcomers International Fellowship St Cloud, MN | $425,795 | $522,804 |