Mt Zion Lutheran Church Foundation
- Assets
- $469.8k
- Revenue
- $112.9k
- Investments
- $455.5k
- Employees
- 0
- Location
- Sterling Heights, MI
- Founding
- 10/1997
- Data as of
- 09/2022
- EIN
- 38-3364539
Organization Overview
Mt Zion Lutheran Church Foundation is located in Sterling Heights, MI. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Zion Lutheran Church 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 09/2022, Mt Zion Lutheran Church Foundation generated $112.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 67.2% each year . All expenses for the organization totaled $57.5k during the year ending 09/2022. While expenses have increased by 11.0% per year over the past 6 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, Mt Zion Lutheran Church Foundation has awarded 145 individual grants totaling $310,046. 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 |
|---|---|---|---|
Robert Hughes V President | 0 | $0 | |
David Fox President Treasurer | 0 | $0 | |
Diane Rotha V President | 0 | $0 | |
Arlene Kangas Secretary | 0 | $0 | |
Evelyne Russell Finanical Secretary | 0 | $0 | |
Gustav Jensen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,639 |
| Interest on Savings | $2 |
| Dividends & Interest | $5,906 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,792 |
| Capital Gain Net Income | $94,792 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,557 |
| Total Revenue | $112,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $817 |
| Printing and publications | $0 |
| Other expenses | $3,842 |
| Total operating and administrative expenses | $5,289 |
| Contributions, gifts, grants paid | $52,168 |
| Total expenses and disbursements | $57,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,251 |
| Savings and temporary cash investments | $534 |
| 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 | $1,500 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $469,800 |
| 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, Mt Zion Lutheran Church Foundation has awarded $52,168 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
LIVING WATERS MINISTRY PURPOSE: FITNESS MINISTRY | $6,000 |
GRACIOUS SAVIOR LUTHERAN CHURCH PURPOSE: FOOD AND SECURITY CAMERAS | $6,000 |
CHRIST LUTHERAN CHURCH PURPOSE: LEARNING CENTER FUNDING | $5,710 |
FAMILY OF GOD MINISTRY PURPOSE: CHRISTIAN MINISTRY | $5,000 |
Detroit, MI PURPOSE: CHRISTIAN MINISTRY | $5,000 |
Pontiac, MI PURPOSE: CHRISTIAN MINISTRY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Council Of Michigan Foundations Inc Grand Rapids, MI | $40,445,631 | $7,716,635 |
Philanthropy Ohio Columbus, OH | $1,895,129 | $2,152,720 |
Kaplan Foundation Cincinnati, OH | $11,307,639 | $1,865,901 |
John B & Dareth Gerlach Foundation Columbus, OH | $25,585,768 | $542,073 |
John And Mary Alford Foundation Worthington, OH | $9,246,522 | $302,367 |
Tr Uw Of Jacob R Marcus Fbo Nettie And Merle J Marcus Memorial Milwaukee, WI | $4,417,398 | $862,568 |
First Fruits Foundation Inc Goshen, IN | $2,822,381 | $254,262 |
St Nicholas Foundation Zanesville, OH | $2,521,690 | $82,120 |
Van Wyck & Angela Brinkerhoff Foundation 1155001000 Columbus, OH | $1,587,169 | $189,327 |
Hospice Of Jackson Endowment Fund Jackson, MI | $2,816,221 | $145,830 |
William & Sarah Speck Trust Detroit, MI | $1,029,536 | $14,647 |
Mt Zion Lutheran Church Foundation Sterling Heights, MI | $469,800 | $112,896 |