Foundation For Lutheran Child And Family Services Indiana Inc
- Assets
- $68.3m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 01/1991
- Data as of
- 12/2023
- EIN
- 35-1784910
Organization Overview
Foundation For Lutheran Child And Family Services Indiana Inc is located in Indianapolis, IN. The organization was established in 1991. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Lutheran Child And Family Services Indiana Inc 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 12/2023, Foundation For Lutheran Child And Family Services Indiana Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PERMANENT ENDOWMENT FOR LUTHERAN CHILD & FAMILY SERVICES OF INDIANA, INC. (LCFS) A RELATED ORGANIZATION TO ENHANCE THEIR ABILITY TO SERVE HUMAN NEEDS BY PROVIDING PROGRAMS OF COMPASSIONATE CARE AND COUNSEL TO ENHANCE DIGNITY AND QUALITY OF LIFE AND TO MANAGE AND MAINTAIN THE SHARING PLACE FOOD PANTRY & CHILDREN'S CLOTHING BANK. IN 2020, THE FOUNDATION FOR LUTHERAN CHILD & FAMILY SERVICES SOUGHT OUT OPPORTUNITIES TO ASSIST LCFS IN EXPANDING PROGRAMMING FOR YOUTH & YOUNG ADULTS. THE FOUNDATION ENGAGED IN FUNDRAISING & CONSTRUCTION TO IMPLEMENT THE PANDO ASPEN GROVE OF COMMUNITY HEIGHTS PERMANENT SUPPORTIVE HOUSING PROGRAM THAT OPENED IN JULY 2021.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PRIMARY PURPOSE IS TO SUPPORT LCFS. THE FOUNDATION HAS RAISED FUNDS FOR THE FOLLOWING LCFS PROGRAMS: LUTHERWOOD, EMERGENCY SHELTER CARE, AND TRINITY HOUSE RESIDENTIAL PROGRAMS, COMMUNITY BASED SERVICES, INSPIRE, PANDO AND SPIRITUAL GROWTH. RESIDENTIAL SERVICES INCLUDE PROVIDING FOOD, SHELTER, EDUCATION, BASIC MEDICAL CARE, AND COUNSELING/THERAPY TO YOUTH LIVING AT LUTHERWOOD, TRINITY HOUSE, AND LCFS' EMERGENCY SHELTER CARE PROGRAMS. ADDITIONALLY, LCFS PROVIDES MENTORING AND INDEPENDENT LIVING SKILLS TRAINING TO CLIENTS ENROLLED IN RESIDENTIAL PROGRAMMING. THESE RESIDENTIAL PROGRAMS SERVED 163 YOUTH IN 2023. COMMUNITY BASED PROGRAMS (INCLUDING INSPIRE) PROVIDE ADDITIONAL SUPPORT IN THE COMMUNITY FOR CHILDREN AND FAMILIES TO (SEE SCHEDULE O FOR CONTINUATION).
THE SHARING PLACE IS A CLIENTS' CHOICE FOOD PANTRY PROVIDING FREE FOOD TO FAMILIES IN NEED WHO ARE CONSIDERED BELOW THE POVERTY LINE ACCORDING TO THE USDA STANDARDS. CLIENTS ARE ELIGIBLE TO RECEIVE FREE FOOD TWICE A MONTH. THE SHARING PLACE SERVED 12,992 FAMILIES, TOTALING 55,149 INDIVIDUALS, IN 2023.
THE FOUNDATION FOR LUTHERAN CHILD & FAMILY SERVICES PROVIDES THE CHRISTMAS STORE, WHICH IS BY REFERRAL ONLY, WHERE CLIENTS MAY "SHOP" AT NO COST FOR GIFTS FOR THEIR FAMILY. IN 2023, 180 FAMILIES BENEFITTED FROM THE CHRISTMAS STORE, TOTALING 901 INDIVIDUALS. THE ORGANIZATION RECEIVED CONTRIBUTIONS OF $41,027 WHICH INCLUDED NONCASH IN-KIND CONTRIBUTIONS WITH DONOR DESIGNATED VALUE AS AN EXPENSE AND REVENUE FOR APPROXIMATELY $13,352. MANY IN-KIND DONATIONS WERE NOT ASSIGNED A VALUE BY THE DONOR AND WERE THEREFORE ENTERED AS $0.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Kassing President | OfficerTrustee | 5 | $0 |
Tania Deng Vice President | OfficerTrustee | 0.5 | $0 |
Cheryl Troyer Treasurer | OfficerTrustee | 1 | $0 |
Bishop James Stuck Board Member - Partial Term | Trustee | 0.5 | $0 |
Martha K Schmidt Board Member | Trustee | 0.5 | $0 |
Dr Ron Thieme Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $300,579 |
| Membership dues | $0 |
| Fundraising events | $24,836 |
| Related organizations | $131,325 |
| Government grants | $28,707 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,219,443 |
| Noncash contributions included in lines 1a–1f | $1,239,413 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,704,890 |
| Total Program Service Revenue | $1,680,388 |
| Investment income | $1,484,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,335 |
| Net Income from Fundraising Events | -$9,468 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,825,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $586,806 |
| Grants and other assistance to domestic individuals. | $1,296,294 |
| 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 | $7,801 |
| Fees for services: Accounting | $27,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,088 |
| Fees for services: Other | $65,338 |
| Advertising and promotion | $8,661 |
| Office expenses | $5,495 |
| Information technology | $8,927 |
| Royalties | $0 |
| Occupancy | $36,032 |
| Travel | $5,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,725 |
| Interest | $72,845 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $710,004 |
| Insurance | $19,859 |
| All other expenses | $29,502 |
| Total functional expenses | $3,416,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,129 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $186,589 |
| 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 | $3,033 |
| Net Land, buildings, and equipment | $18,435,483 |
| Investments—publicly traded securities | $44,540,318 |
| Investments—other securities | $0 |
| Investments—program-related | $3,580,000 |
| Intangible assets | $0 |
| Other assets | $1,189,944 |
| Total assets | $68,276,496 |
| Accounts payable and accrued expenses | $222,179 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,218,586 |
| 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 | $720,000 |
| Total liabilities | $3,160,765 |
| Net assets without donor restrictions | $51,872,267 |
| Net assets with donor restrictions | $13,243,464 |
| 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 | $68,276,496 |