First Lutheran Church Foundation
- Assets
- $6.2m
- Revenue
- $262.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 06/1969
- Data as of
- 06/2024
- 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 06/2024, First Lutheran Church Foundation generated $262.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $321.8k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, First Lutheran Church Foundation has awarded 83 individual grants totaling $1,536,417. 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
2024
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 $157,443 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 $13,367 TO YWCA CASS CLAY FOR WINDOW BLINDS FOR EMERENCY SHELTER, $8,500 TO FEED MY STARVING CHILDRED FOR MEAL COSTS, $10,000 TO DOWN HOME FOR THE PURCHASE OF MATTRESSES AND BED FRAMES, $12,000 TO NEW LIFE CENTER FOR A SECURITY FENCE, $5,000 TO PEACE LUTHERAN CHURCH FOR TUITION ASSISTANCE, $10,000 TO ANNE CARLSEN CENTER FOR CHAPEL FURNISHINGS AND REMODELING, $10,000 TO HEALTHCARE EQUIPMENT RECYCLING ORGANIZATION (HERO) FOR SUBSIDIZING MEDICAL SUPPLIES, $5,000 TO LAKE AGASSIZ HABITAT FOR HUMANITY FOR BUILDING MATERIALS, $5,000 TO MATTHEW'S VOICE PROJECT FOR BASIC NEEDS FOR HOMELESS STUDENTS IN FARGO, WEST FARGO, AND MOORHEAD PUBLIC SCHOOLS, $10,000 TO UNITED WAY OF CASS CLAY FOR BACKPACKS AND SCHOOL SUPPLIES, $6,000 TO JEREMIAH PROGRAM FOR GROSS MOTOR SKILL DEVELOPMENT EQUIPMENT, $10,000 TO FM ROTARY FOUNDATION FOR SUPPORTING RECITAL WITH A CAUSE, $6,000 TO FARM IN THE DELL FOR CHECK-IN STATION AND GARDENING SUPPLIES, $5,000 TO FURNITURE MISSION FOR WORKSHOP MATERIALS AND SUPPLIES, AND SEVERAL SMALLER GRANTS UNDER $5,000 TO VARIOUS LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Inman Director | Trustee | 1 | $0 |
Wayne Dybing Director | Trustee | 1 | $0 |
Maryann Phillips Secretary/treasurer | OfficerTrustee | 1 | $0 |
Charlie Jorgensen Director | Trustee | 1 | $0 |
Ken Retzer Director | Trustee | 1 | $0 |
Chris Kennelly 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 | $130,142 |
| Noncash contributions included in lines 1a–1f | $49,926 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,142 |
| Total Program Service Revenue | $0 |
| Investment income | $189,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$57,018 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $279,999 |
| 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 | $2,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,256 |
| Fees for services: Other | $6,048 |
| Advertising and promotion | $0 |
| Office expenses | $10 |
| 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 | $2,215 |
| All other expenses | $0 |
| Total functional expenses | $321,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,760 |
| 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 | $6,116,711 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,174,471 |
| 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 | $6,174,471 |
| Total liabilities and net assets/fund balances | $6,174,471 |
Grants Awarded
Over the last fiscal year, First Lutheran Church Foundation has awarded $253,310 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST LUTHERAN CHURCH PURPOSE: SUPPORT OF FIRST LUTHERAN CHURCH PROGRAMS | $157,443 |
YWCA CASS CLAY PURPOSE: WINDOW BLINDS FOR EMERGENCY SHELTER | $13,367 |
FEED MY STARVING CHILDREN PURPOSE: MEAL COSTS | $8,500 |
DOWN HOME PURPOSE: PURCHASE OF MATTRESSES/BED FRAMES | $10,000 |
NEW LIFE CENTER PURPOSE: SECURITY FENCE | $12,000 |
HERO HEALTHCARE PURPOSE: SUBSIDIZE MEDICAL SUPPLIES | $10,000 |