Saint Timothy Society For Lutheran Seminary Scholarship
- Assets
- $23.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 11/2008
- Data as of
- 12/2021
- EIN
- 26-2509911
Organization Overview
Saint Timothy Society For Lutheran Seminary Scholarship is located in Roseville, MN. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Saint Timothy Society For Lutheran Seminary Scholarship 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 12/2021, Saint Timothy Society For Lutheran Seminary Scholarship generated $13.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $3.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (47.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SEE LINE 16 OF FORM 990-EZ FOR GRANT TRAVEL FOR VISITING PROFESSOR RETURNING FROM LUTHERAN SEMINARY IN MATONGO KENYA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Barnekov Director, Vice-President | 5 | $0 | |
James Boldt Director, Treasurer | 5 | $0 | |
Michael Albrecht Director, President | 5 | $0 | |
Gordon Bynum Director, Secretary | 5 | $0 | |
Dana Kind Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,870 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,870 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $228 |
| Printing, publications, postage, and shipping | $30 |
| Other expenses | $3,156 |
| Total expenses | $3,414 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,041 |
| Other assets | $0 |
| Total assets | $23,557 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,557 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saint Timothy Society For Lutheran Seminary Scholarship has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EDUCATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Venture Burnsville, MN | $4,889,777 | $6,516,603 |
Evangelical Lutheran Good Samaritan Foundation Sioux Falls, SD | $102,471,128 | $9,259,464 |
Christian Worship Hour Aberdeen, SD | $3,374,479 | $4,060,903 |
Luther Memorial Home Madelia, MN | $3,423,486 | $4,600,698 |
Barnabas International Elkhorn, WI | $2,407,026 | $3,476,922 |
Fargo Union Mission Inc Fargo, ND | $6,248,468 | $4,299,626 |
Our Saviours Community Services Minneapolis, MN | $1,113,008 | $3,093,408 |
Tomorrow Clubs International Inc Eagan, MN | $1,317,587 | $2,788,690 |