Lutheran Island Camp Inc
- Assets
- $4.1m
- Revenue
- $657.2k
- Investments
- $460.3k
- Employees
- 26
- Location
- Henning, MN
- Founding
- 09/1955
- Data as of
- 12/2022
- EIN
- 41-1000566
Organization Overview
Lutheran Island Camp Inc is located in Henning, MN. The organization was established in 1955. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Lutheran Island Camp Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Island Camp 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 12/2022, Lutheran Island Camp Inc generated $657.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $648.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CAMPING FACILITIES WITH YOUTH MINISTRY INSTRUCTION IN CONJUNCTION WITH THE LUTHERAN CHURCH.
Describe the Organization's Program Activity:
SUMMER CAMP PROGRAMS - LUTHERAN ISLAND CAMP PROVIDES SUMMER CAMP OPPORTUNITIES FOR YOUTH AND FAMILIES. PROGRAMS CONNECT PEOPLE WITH GOD'S WORD, HIS CREATION, AND EACH OTHER. DURING 2022, LUTHERAN ISLAND CAMP SERVED 484 CAMPERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Borglum President | OfficerTrustee | 1 | $0 |
Craig Nelson Vice-President | OfficerTrustee | 1 | $0 |
David Robbins Treasurer | OfficerTrustee | 1 | $0 |
Bev Timm-Lannon Secretary | OfficerTrustee | 1 | $0 |
Rev Scott Brown Member | Trustee | 1 | $0 |
Brent Fassett Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,677 |
| Noncash contributions included in lines 1a–1f | $5,010 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,677 |
| Total Program Service Revenue | $255,352 |
| Investment income | $17,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,100 |
| Net Income from Fundraising Events | $24,895 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,908 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $657,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,794 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,011 |
| Payroll taxes | $16,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,563 |
| Fees for services: Accounting | $44,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,755 |
| Advertising and promotion | $5,508 |
| Office expenses | $12,082 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,468 |
| Travel | $16,483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,269 |
| Insurance | $24,178 |
| All other expenses | $5,622 |
| Total functional expenses | $648,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,095 |
| Savings and temporary cash investments | $1,167,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,422 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,709,094 |
| Investments—publicly traded securities | $259,119 |
| Investments—other securities | $460,273 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,123,153 |
| Accounts payable and accrued expenses | $2,567 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $32,543 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20 |
| Total liabilities | $35,130 |
| Net assets without donor restrictions | $3,669,056 |
| Net assets with donor restrictions | $418,967 |
| 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 | $4,123,153 |