Confessional Lutheran Education Foundation
- Assets
- $1.0m
- Revenue
- $191.5k
- Investments
- $688.5k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1995
- Data as of
- 06/2021
- EIN
- 41-1767170
Organization Overview
Confessional Lutheran Education Foundation is located in Minneapolis, MN. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Confessional Lutheran Education 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 06/2021, Confessional Lutheran Education Foundation generated $191.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $168.4k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CONFESSIONAL LUTHERAN EDUCATION FOUNDATION (CLEF) WAS OFFICIALLY ESTABLISHED ON MARCH 18, 1993, WITH THE PURPOSE OF BUILDING AN ENDOWMENT FROM WHICH TO PROVIDE SCHOLARSHIPS TO CONFESSIONAL LUTHERANS ENROLLED IN ACCREDITED ADVANCED ACADEMIC DEGREE PROGRAMS. CLEF HAS SINCE THEN EXPANDED PROGRAMMING WHILE REMAINING FOCUSED ON THE FOUNDING PRINCIPLES. THE FINANCIAL BURDEN EXPERIENCED BY CONFESSIONAL LUTHERAN STUDENTS STUDYING FOR THE OFFICE OF MINISTRY AND SEEKING ADVANCED THEOLOGICAL, AND RELATED DEGREES IS OFTEN OVERWHELMING. THE MOUNTING COSTS OF GRADUATE SCHOOL PROGRAMS NECESSITATES THAT THE PEOPLE OF GOD ACTIVELY HELP DEFRAY THESE COSTS THROUGH THEIR GIFTS TO CLEF. ADDITIONALLY, COUNTLESS MILLIONS IN LESS BLESSED COUNTRIES AROUND THE WORLD FACE THE SAME PROBLEMS IN FUNDING CONFESSIONAL LUTHERAN EDUCATION PROGRAMMING RANGING FROM SEMINARIES IN AFRICA TO ORPHANAGES IN SOUTH ASIA TO MEDICAL AND DENTAL SCHOOLS IN DEVELOPING COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEF PROVIDES INTERNATIONAL CONFESSIONAL LUTHERAN PASTORAL EDUCATION IN VARIOUS COUNTRIES. IN ADDITION, CLEF PROVIDES TRANSLATION OF VARIOUS LUTHERAN THEOLOGICAL BOOKS AND PUBLICATIONS FOR USE IN THESE COUNTRIES. CLEF HAS ALSO TAKEN ON A PROJECT TO DEVELOP AN INTERNATIONAL CONFESSIONAL LUTHERAN HYMNAL. DURING THE YEAR, CLEF:- PROVIDED EDUCATION COURSES FOR MORE THAN 1,000 CATECHISM TEACHERS- PROVIDING OVER 1,200 THEOLOGICAL BOOKS TO PARTNER CHURCH SEMINARIES, COLLEGES, AND HIGH SCHOOLS THROUGH THE KINDLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev John Fehrmann Chairman & President | OfficerTrustee | 55 | $93,132 |
Rev Paul Kaiser Secretary | OfficerTrustee | 1 | $0 |
Rev Paul Strawn Board Member | Trustee | 1 | $0 |
Elmer Leimkueller Board 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 | $195,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,045 |
| Total Program Service Revenue | $0 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,572 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,020 |
| 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. | $90,710 |
| Compensation of current officers, directors, key employees. | $11,339 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,666 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,625 |
| 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 | $855 |
| All other expenses | $673 |
| Total functional expenses | $168,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,367 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $688,483 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,004,850 |
| 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 | $883,278 |
| Net assets with donor restrictions | $121,572 |
| 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 | $1,004,850 |