Zion Evangelical Lutheran Churchmemorial Foundation Of Buffa
- Assets
- $2.4m
- Revenue
- $187.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, MN
- Founding
- 03/1981
- Data as of
- 12/2021
- EIN
- 41-1385843
Organization Overview
Zion Evangelical Lutheran Churchmemorial Foundation Of Buffa, operating under the name Zion Memorial Foundation, is located in Buffalo, MN. The organization was established in 1981. 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. Zion Memorial 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 12/2021, Zion Memorial Foundation generated $187.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $68.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Zion Memorial Foundation has awarded 12 individual grants totaling $176,684. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS FOR RELIGIOUS, EDUCATIONAL AND CHARITABLE PURPOSES AS WELL AS A SUPPORTING ORGANIZATION FOR ZION LUTHERAN CHURCH OF BUFFALO, MN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZION MEMORIAL FOUNDATION PROVIDED FUNDS TO ZION LUTHERAN CHURCH OF BUFFALO,MN FOR CARPET AND SANCTUARY REMODEL PROJECTS AND PURCHASE OF ADDITIONAL CEMETERY LAND AS A SUPPORTED NON-PROFIT ORGANIZATION. THE FOUNDATION ALSO PROVIDED MONETARY GIFTS TO CAMP WAPPOGASSET AS PART OF THEIR BUILDING CAMPAIGN AND TO SUPPORT APPROXIMATELY 48 CAMPERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Jacobson Treasurer | OfficerTrustee | 0.25 | $0 |
Dennis Gleason President | OfficerTrustee | 0.25 | $0 |
Roger Johnson Secretary | OfficerTrustee | 0.25 | $0 |
Joan Ilstrup Vice Preside | OfficerTrustee | 0.25 | $0 |
Rick Dehmer Treasurer/in | Trustee | $0 | |
Ian Mccallum Council Rep | Trustee | 0.25 | $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 | $5,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,665 |
| Total Program Service Revenue | $0 |
| Investment income | $52,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $129,048 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $186,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,780 |
| Grants and other assistance to domestic individuals. | $600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,712 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $68,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,612 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,331,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,362,609 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $827,841 |
| Net assets with donor restrictions | $1,534,768 |
| 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 | $2,362,609 |
Grants Awarded
Over the last fiscal year, Zion Evangelical Lutheran Churchmemorial Foundation Of Buffa has awarded $48,030 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ZION LUTHERAN CHURCH PURPOSE: CEMETERY; REMODEL | $28,180 |
Amery, WI PURPOSE: CAMP FEES AND GIFTS | $14,800 |
GRACE PLACE PURPOSE: COMMUNITY PROGRAM | $5,050 |
Endowment Analysis
| Beg. Balance | $1,497,233 |
| Earnings | $181,312 |
| Admin Expense | $16,712 |
| Net Contributions | $5,665 |
| Grants | $51,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |
Training Leaders International Minneapolis, MN | $2,737,195 | $5,107,369 |
Vcy America Inc Milwaukee, WI | $9,863,404 | $4,388,148 |
Thrivent Financial for Lutherans Foundation Minneapolis, MN | $0 | $8,333,726 |
International Fellowship Of Evangelical Students Usa Inc Madison, WI | $6,456,796 | $6,176,291 |
Wisconsin Evangelical Lutheran Synod Kingdom Workers Inc Waukesha, WI | $3,918,278 | $4,689,109 |
Lutheran Assoc Of Missionaries And Pilots U S Inc Brookfield, WI | $3,097,954 | $2,815,671 |
Presbyterian Student Center Foundation Madison, WI | $14,924,897 | $2,498,602 |
Lutheran Brethren Woodland Lodge Inc Fergus Falls, MN | $3,043,872 | $1,494,856 |
The Family Radio Network Inc Appleton, WI | $3,959,785 | $2,229,878 |