Walter And Barbara E-Reishus- Pedersen Lutheran Foundation
- Assets
- $508.8k
- Revenue
- $5.8k
- Investments
- $461.3k
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 03/1986
- Data as of
- 12/2022
- EIN
- 36-3421204
Organization Overview
Walter And Barbara E-Reishus- Pedersen Lutheran Foundation is located in Grand Forks, ND. The organization was established in 1986. 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. Walter And Barbara E-Reishus- Pedersen Lutheran 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 12/2022, Walter And Barbara E-Reishus- Pedersen Lutheran Foundation generated $5.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $35.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Walter And Barbara E-Reishus- Pedersen Lutheran Foundation has awarded 22 individual grants totaling $185,350. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Tingum President | 1 | $0 | |
Bob Knutson Vice President | 1 | $0 | |
Mark Hall Sec/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,882 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,083 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,799 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,108 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,642 |
| Total operating and administrative expenses | $7,250 |
| Contributions, gifts, grants paid | $28,500 |
| Total expenses and disbursements | $35,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,395 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,120 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $508,778 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Walter And Barbara E-Reishus- Pedersen Lutheran Foundation has awarded $28,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OUR SAVIOUR'S LUTHERAN CHURCH PURPOSE: REPLACEMENT OF SANCTUARYLIGHT FIXTURES | $17,000 |
Grand Forks, ND PURPOSE: IMPROVE OUTDOOR LIVINGAREA AT TUFTE MANOR | $7,500 |
GRAND FORKS AREA YOUNG LIFE PURPOSE: CAMPING SPOTS FORYOUTH LIFE RETREAT | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Holy Nativity Christian Child Care Center New Hope, MN | $84,891 | $576,033 |
New Salem Baptist Church Minneapolis, MN | $1,011,537 | $532,283 |