Lhs Foundation
- Assets
- $25.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Toledo, OH
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 34-1678593
Organization Overview
Lhs Foundation is located in Toledo, OH. The organization was established in 1991. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lhs 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 12/2021, Lhs Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $5.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF LHS FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT FOR THE CHARITABLE ACTIVITIES OF LUTHERAN HOMES SOCIETY, INC. AND ALL ITS SUBSIDIARIES. THE LHS FOUNDATION SOLICITS, RECEIVES AND INVESTS GIFTS OF MONEY AND PROPERTY AND ADMINISTERS AND DISBURSES THE SAME AND INCREMENTS THEREON FOR SUCH EXCLUSIVELY CHARITABLE USES. LUTHERAN HOMES SOCIETY, INC., THE PARENT CORPORATION OF LHS FOUNDATION, PROMOTES AND FACILITATES THE CHARITABLE, RELIGIOIUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES FOR WHICH IT HAS RECEIVED TAX EXEMPTION, BY PROVIDING LHS FOUNDATION WITH BENEFITS AND SERVICES TO SUPPORT LHS FOUNDATION, INCLUDING BUT NOT LIMITED TO: PROVIDING EXECUTIVE MANAGEMENT IN TERMS OF SUPERVISION, STRATEGIC PLANNING, POLICY FORMULATION, AND ADVOCACY; ENGAGING IN ACTIVITIES INTENDED TO ASSIST LHS FOUNDATION DIRECTLY OR INDIRECTLY IN PROMOTING THE GENERAL HEALTH AND WELFARE OF COMMUNITIES IN WHICH IT OPERATES; PROMOTING MORE EFFICIENT UTILIZATION OF RESOURCES THROUGH THE EXERCISE
Describe the Organization's Program Activity:
Part 3 - Line 4a
LHS FOUNDATION IS A NOT-FOR PROFIT ORGANIZATION THAT FAITHFULLY GATHERS, PROTECTS, INVESTS, AND DISBURSES THE GIFTS GOD'S PEOPLE SHARE WITH THE CARING MINISTRIES OF LUTHERAN HOMES SOCIETY AS THEY PROVIDE RESIDENTIAL CARE AND SUPPORTIVE SERVICES FOR YOUTH AND ELDERLY. AS A FAITH-BASED PROVIDER OF SUCH SERVICE, LHS FOUNDATION CONTINUES TO HONOR ITS MISSION TO EXTEND ITS SERVICES TO THE VULNERABLE OF OUR POPULATION, SPECIFICALLY YOUTH AND ELDERLY. WE DEMONSTRATE BEHAVIORS REFLECTING OUR CORE VALUES OF FAITHFULNESS TO CHRIST, EQUALITY AND JUSTICE, WHOLENESS OF LIFE, INTEGRITY, QUALITY OF SERVICE, AND STEWARDSHIP OF RESOURCES. (SEE SCHEDULE O FOR ADDITIONAL INFO) LHS FOUNDATION OVERVIEW: LHS FOUNDATION PROVIDES THE FUND RAISING MECHANISM FOR THE MINISTRIES OF LUTHERAN HOMES SOCIETY TO SERVE YOUTH AND ELDERLY IN NORTHWESTERN OHIO AND SOUTHEASTERN MICHIGAN IN VARIOUS SETTINGS. IN 2021, THE ACTIVE DONOR LIST WAS 459 DONORS. THE DONATIONS PROVIDED BY THESE DONORS HELPED TO SUPPORT OUR MINISTRIES TO YOUTH AND ELDERS. LHS FOUNDATION, AS PART OF THE MINISTRY OF LUTHERAN HOMES SOCIETY, HAS ALWAYS BEEN AN EXEMPLARY PROVIDER OF SUPPORT TO OUR MINISTRIES AS THEY OFFER COMPASSIONATE, QUALITY CARE TO THOSE WE SERVE, BUT WE ARE ALSO COMMITTED TO IMPROVING AND CONTRIBUTING TO THE COMMUNITIES IN WHICH WE LIVE AND WORK. IN ADDITION TO THE RESIDENTS AND CLIENTS SERVED DIRECTLY, A WIDE VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES CONTRIBUTE TO THE ACCOMPLISHMENT OF LHS FOUNDATION'S TAX-EXEMPT PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pastor Tim Philabaum Secretary | OfficerTrustee | 0 | $0 |
Katrin Mcbroom Vice Preside | OfficerTrustee | 0 | $0 |
David Polzin President | OfficerTrustee | 0 | $0 |
William R Marshall Asst. Sec./t | Officer | 1 | $0 |
Lorinda Schalk Treasurer | Officer | 1 | $0 |
Marissa Fitzpatrick Director | Trustee | 0 | $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 | $529,466 |
| Noncash contributions included in lines 1a–1f | $72,964 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $529,466 |
| Total Program Service Revenue | $0 |
| Investment income | $1,621,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,151,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,178,736 |
| Grants and other assistance to domestic individuals. | $8,000 |
| 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 | $12,887 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $61,454 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,721,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,870,651 |
| Savings and temporary cash investments | $3,053,391 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $676,679 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,571,918 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,421,359 |
| Investments—other securities | $0 |
| Investments—program-related | $1,461,794 |
| Intangible assets | $0 |
| Other assets | $2,039,747 |
| Total assets | $25,095,539 |
| Accounts payable and accrued expenses | $891 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,461,794 |
| 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 | $176,594 |
| Total liabilities | $1,639,279 |
| Net assets without donor restrictions | $15,292,090 |
| Net assets with donor restrictions | $8,164,170 |
| 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 | $25,095,539 |
Grants Awarded
Over the last fiscal year, Lhs Foundation has awarded $5,175,906 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Toledo, OH PURPOSE: MINISTRY SUPPORT | $5,151,430 |
ALTERNATE SOLUTIONS HOMECARE 12 LL PURPOSE: OPERATIONS | $24,476 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lhs Foundation has recieved totaling $27,098.
| Awarding Organization | Amount |
|---|---|
Fridolin Lohmann Trust Dayton, OH PURPOSE: GENERAL OPERATING | $11,181 |
Hudson Community Foundation Hudson, OH PURPOSE: PROGRAMS | $8,882 |
Toledo Community Foundation Toledo, OH PURPOSE: LSA SENIOR CONNECT PROGRAM, DAILY LIVING NEEDS FOR WOMEN | $7,035 |
Endowment Analysis
| Beg. Balance | $9,226,853 |
| Earnings | $1,222,256 |
| Admin Expense | -$16,188 |
| Net Contributions | $138,006 |
| Other Expense | -$900,294 |
| Ending Balance | $9,670,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown Area Jewish Federation Youngstown, OH | $17,153,890 | $18,773,447 |
United Way Of Saginaw County Saginaw, MI | $5,861,014 | $15,211,110 |
United Way Of South Central Michigan Kalamazoo, MI | $21,915,676 | $10,619,393 |
Ramtell Inc Tell City, IN | $25,696,087 | $2,760,088 |
United Way Of Berks County Reading, PA | $37,493,734 | $14,271,656 |
Columbus Jewish Foundation Columbus, OH | $166,718,528 | $14,799,301 |
Jewish Federation Of Greater Indianapolis Inc Indianapolis, IN | $105,560,722 | $10,106,603 |
United Way Of Greater Toledo Toledo, OH | $26,573,866 | $11,242,567 |
United Way Of The Capital Region Enola, PA | $30,416,646 | $10,642,115 |
Jewish Community Of Louisville Inc Louisville, KY | $51,829,029 | $17,241,761 |
United Way Of Midland County Midland, MI | $18,815,763 | $12,494,265 |
United Way Of Southwestern Indiana Inc Evansville, IN | $5,892,582 | $5,859,250 |