Lutheran Financial Managers Association
- Assets
- $5.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 41-1828403
Organization Overview
Lutheran Financial Managers Association is located in Sioux Falls, SD. The organization was established in 1997. 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. Lutheran Financial Managers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Lutheran Financial Managers Association generated $6.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $28.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED ONE EDUCATIONAL CONFERENCE AVAILABLE TO ANY SOCIAL MINISTRY ORGANIZATION AFFILIATED WITH LUTHERAN SERVICES IN AMERICA. NO CONFERENCE WAS HELD IN 2022 DUE TO A HURRICANE IN FLORIDA DURING THE SCHEDULED EVENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Larson Director | 1 | $0 | |
Colleen Kelly Director | 1 | $0 | |
Bob Wydra Chair | 1 | $0 | |
Kim Roque Director | 1 | $0 | |
Ken Richmond Director | 1 | $0 | |
Nicholas Lee Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $5,965 |
| Investment income | $29 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,994 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $86 |
| Other expenses | $23,509 |
| Total expenses | $28,595 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,848 |
| Other assets | $0 |
| Total assets | $5,848 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,848 |