Siebert Lutheran Foundation Inc
- Assets
- $97.2m
- Revenue
- $11.5m
- Investments
- $91.2m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/1955
- Data as of
- 12/2021
- EIN
- 39-6050046
Organization Overview
Siebert Lutheran Foundation Inc is located in Milwaukee, WI. The organization was established in 1955. 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. Siebert Lutheran Foundation 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 12/2021, Siebert Lutheran Foundation Inc generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $6.7m during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 4 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 2020, Siebert Lutheran Foundation Inc has awarded 195 individual grants totaling $9,129,843. 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 |
|---|---|---|---|
Charlotte John-Gomez President | 40 | $175,111 | |
Edgar Russell Impact & Program Dir | 40 | $92,849 | |
Michelle Burmeister Comm Director & Prog | 28 | $73,721 | |
Jaquita Montgomery Operations Specialis | 40 | $56,983 | |
Kalyani Grasso Program Officer | 25 | $52,994 | |
Dr Joan M Prince Vice Chair - Secretary | 4 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jennison | 12/30/21 | $173,322 |
Mellon Investments Corporation | 12/30/21 | $138,117 |
Mercer | 12/30/21 | $119,157 |
Cliftonlarsonallen Llp | 12/30/21 | $69,665 |
Wellington Trust Company Na | 12/30/21 | $51,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $136,848 |
| Interest on Savings | $36 |
| Dividends & Interest | $1,601,627 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,760,092 |
| Capital Gain Net Income | $9,760,092 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $49,978 |
| Total Revenue | $11,548,581 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $393,997 |
| Other employee salaries and wages | $318,391 |
| Pension plans, employee benefits | $123,468 |
| Interest | $0 |
| Taxes | $213,000 |
| Depreciation | $15,954 |
| Occupancy | $56,516 |
| Travel, conferences, and meetings | $9,447 |
| Printing and publications | $0 |
| Other expenses | $329,340 |
| Total operating and administrative expenses | $1,972,333 |
| Contributions, gifts, grants paid | $4,750,440 |
| Total expenses and disbursements | $6,722,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $5,612,127 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $26,000 |
| 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 | $39,749 |
| Net Investments - land, buildings, equipment | $358,613 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,304 |
| Total assets | $97,193,025 |
| Accounts payable and accrued expenses | $132,749 |
| Grants payable | $456,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $511,000 |
| Total liabilities | $1,099,749 |
Grants Awarded
Over the last fiscal year, Siebert Lutheran Foundation Inc has awarded $4,926,340 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
Germantown, WI PURPOSE: URBAN IN-SCHOOL COUNSELING AND STRONG DAY-TREATMENT PROGRAMS, YOUTH COUNSELING INITIATIVE | $208,491 |
Racine, WI PURPOSE: TUITION ASSISTANCE, CAPITAL CAMPAIGN & EXPANSION | $200,000 |
Milwaukee, WI PURPOSE: CAPITAL CAMPAIGN, RENOVATION | $188,661 |
Milwaukee, WI PURPOSE: HUNGER RELIEF FOOD FUND, FOOD PANTRIES AND CAPACITY BUILDING FOR SOLVING HUNGER | $184,491 |
Milwaukee, WI PURPOSE: URBAN TEACHER PIPELINE, GENERAL OPERATING SUPPORT | $161,313 |
New Ulm, MN PURPOSE: PASTORAL LEADERSHIP DEVELOPMENT | $157,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Siebert Lutheran Foundation Inc has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
We Raise Foundation Itasca, IL PURPOSE: St. Marcus Schools /Building Stability & Prosperity for Community Transformation | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Relevant Radio Inc Lincolnshire, IL | $100,083,301 | $30,552,688 |
Advent House Ministries Inc Lansing, MI | $1,296,917 | $17,350,571 |
Mel Trotter Ministries Grand Rapids, MI | $13,737,280 | $17,550,593 |
Josiah Venture Nfp Wheaton, IL | $16,890,117 | $13,544,001 |
Alpha Usa Naperville, IL | $4,051,813 | $10,198,645 |
Wesley Village Inc Macomb, IL | $11,643,378 | $8,896,317 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
Interim Pastor Ministries Inc Orleans, MI | $699,514 | $5,433,287 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |
Training Leaders International Minneapolis, MN | $2,737,195 | $5,107,369 |
Leadership Resources International Palos Heights, IL | $4,418,909 | $4,858,234 |