Walter And Barbara E-Reishus- Pedersen Lutheran Foundation
- Assets
- $718.5k
- Revenue
- $254.4k
- Investments
- $666.1k
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 03/1986
- Data as of
- 12/2023
- 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 12/2023, Walter And Barbara E-Reishus- Pedersen Lutheran Foundation generated $254.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $67.9k during the year ending 12/2023. While expenses have increased by 7.7% per year over the past 8 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.
Since 2015, Walter And Barbara E-Reishus- Pedersen Lutheran Foundation has awarded 23 individual grants totaling $203,050. 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 | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,646 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,273 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $254,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $74 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,835 |
| Total operating and administrative expenses | $9,509 |
| Contributions, gifts, grants paid | $58,400 |
| Total expenses and disbursements | $67,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,422 |
| 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 | $1,047 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $718,522 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $20,000 |
| 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 | $20,000 |
Grants Awarded
Over the last fiscal year, Walter And Barbara E-Reishus- Pedersen Lutheran Foundation has awarded $58,400 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTANA LUTHERAN CHURCH PURPOSE: REPLACEMENT OF AIR CONDITIONINGSYSTEM | $8,500 |
BETHEL LUTHERAN CHURCH PURPOSE: INSTALL INTERNETMESH SYSTEM AND2 COMPUTERS | $5,950 |
UNIVERSITY LUTHERAN CHURCH PURPOSE: ROOFING INSULATION | $15,000 |
VALLEY SENIOR LIVING FOUNDATION PURPOSE: APPROVED FOR 2024REPLACE COMMERCIALRANGE | $15,000 |
EAST WALLE LUTHERAN CHURCH PURPOSE: RENOVATION OFINTERIOR OF BALCONY | $8,950 |
WALLE LUTHERAN CHURCH PURPOSE: APPROVED FOR 2024UPGRADE AUDIOEQUIPMENT | $5,000 |