Lundborg Foundation
- Assets
- $103.5k
- Revenue
- $0.0
- Investments
- $89.7k
- Employees
- 0
- Location
- Hopkins, MN
- Founding
- 05/1993
- Data as of
- 12/2022
- EIN
- 41-1708796
Organization Overview
Lundborg Foundation is located in Hopkins, MN. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lundborg Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LUNDBORG FOUNDATION DEVELOPS AND PAYS ALL COSTS OF THINKERS BIBLE STUDIES (THINKERSBIBLESTUDIES.COM), CHURCH FACTS (CHURCHFACTS.COM, FAITH EXPLORER (FAITHEXPLORER.COM), DISCIPLES MAKE (DISCIPLESMAKE.COM), SF.ORG AND OTHER ONLINE CHRISTIAN MINISTRIES. WHILE THE THINKERS BIBLE STUDIES WEB SITE IS ACCESSED BY THE PUBLIC, OUR PRIMARY FOCUS WILL BE ON DEVELOPING TWO NET SITES: SF.ORG AND DISCIPLES MAKE (DISCIPLESMAKE.COM). CHARITABLE CONTRIBUTIONS ARE MADE TO CHRISTIAN MINISTRIES INTERNATIONAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lundborg President | 12 | $30,000 | |
Donna Lundborg Vice Preside | 0.5 | $0 | |
Stephanie Lundborg Secretary | 1 | $0 | |
Hayden Lundborg Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $30,383 |
| Pension plans, employee benefits | $4,590 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $3,693 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,834 |
| Printing and publications | $0 |
| Other expenses | $12,052 |
| Total operating and administrative expenses | $92,502 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $97,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,819 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,997 |
| Other assets | $0 |
| Total assets | $103,541 |
| Accounts payable and accrued expenses | $734 |
| 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 | $221,968 |
| Total liabilities | $222,702 |