Lutheran Financial Managers Association
- Assets
- $28.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 02/1997
- Data as of
- 12/2022
- 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 12/2022, Lutheran Financial Managers Association generated $45.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $14.6k during the year ending 12/2022. 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
2022
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 |
|---|---|---|---|
Colleen Kelly Director | 1 | $0 | |
Bob Wydra Chair | 1 | $0 | |
Alesia Frerichs Board Member | 1 | $0 | |
Mark Cannon Director | 1 | $0 | |
Kyle Larson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,250 |
| Membership dues | $15,154 |
| Investment income | $23 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,446 |
| Total Revenue | $45,873 |
| 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 | $10,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,614 |
| Total expenses | $14,614 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,449 |
| Other assets | $0 |
| Total assets | $28,449 |
| Total liabilities | $0 |
| Net assets or fund balances | $28,449 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Shepherd Lutheran Community Blair, NE | $4,394,791 | $5,136,170 |
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 |
Thrivent Financial for Lutherans Foundation Minneapolis, MN | $0 | $8,333,726 |
Nebraska Lutheran Outdoor Ministries Inc Ashland, NE | $11,165,008 | $3,788,912 |
Vision Beyond Borders Inc Casper, WY | $1,888,675 | $2,473,457 |
Lutheran Brethren Woodland Lodge Inc Fergus Falls, MN | $3,043,872 | $1,494,856 |
Saint Benedict Center Schuyler, NE | $23,442,378 | $3,304,045 |
Lutherans For Life Nevada, IA | $1,509,638 | $1,790,858 |
Bidwell Riverside Center Des Moines, IA | $2,307,807 | $1,538,160 |
Fellowship Missionary Baptist Church Inc Minneapolis, MN | $4,348,803 | $1,421,662 |