Luther College is located in Decorah, IA. The organization was established in 1935. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Luther College employed 2,075 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luther College 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 05/2021, Luther College generated $126.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $116.8m during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 6 years. 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
ON A CAMPUS OF MORE THAN 800 ACRES ALONG THE BANKS OF THE UPPER IOWA RIVER IN DECORAH, IOWA, LUTHER IS A TRUE RESIDENTIAL CAMPUS, WITH 97 PERCENT OF STUDENTS LIVING ON CAMPUS AND NEARLY 95 PERCENT OF FACULTY CHOOSING TO LIVE WITHIN FIVE MILES OF IT. LUTHER'S STUDENT BODY INCLUDES 1,802 MEN AND WOMEN (43 PERCENT AND 57 PERCENT, RESPECTIVELY) FROM 39 STATES AND NEARLY 74 FOREIGN COUNTRIES. U.S. STUDENTS OF COLOR CONSTITUTE 13.7 PERCENT OF THE STUDENT BODY. APPROXIMATELY 70 PERCENT OF LUTHER STUDENTS VOLUNTEER DURING THEIR TIME HERE, EXHIBITING THE HIGH SERVICE ETHIC INTRINSIC TO LUTHER CULTURE. THE COLLEGE STRIVES TO BE A PLACE WHERE PEOPLE OF ALL CONVICTIONS CAN REALIZE PERSONAL, INTELLECTUAL, AND SPIRITUAL GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: LUTHER OFFERS 38 MAJORS, 40 MINORS AND INTERDISCIPLINARY MINORS, AND 4 PREPROFESSIONAL AND SPECIFIC PROGRAMS. LUTHER'S SIGNATURE PAIDEIA PROGRAM, AN INTERDISCIPLINARY COURSE SERIES OFFERED FOR MORE THAN 39 YEARS, HELPS INTEGRATE LEARNING AND BUILDS COMMUNITY THROUGH SHARED ACADEMIC EXPERIENCE. THE COLLEGE'S MUSIC PROGRAM, IN WHICH STUDENTS TRAIN IN PERFORMANCE, CONDUCTING, COMPOSITION, AND EDUCATION, HAS SIX CHOIRS, THREE BANDS, THREE ORCHESTRAS AND TWO JAZZ BANDS, MANY OF WHICH TOUR NATIONALLY AND INTERNATIONALLY. A VIBRANT OFF-CAMPUS STUDENT PROGRAM DRAWS APPROXIMATELY 66% OF STUDENTS TO STUDY ABROAD PRIOR TO GRADUATION. LUTHER HAS 139 FULL-TIME FACULTY (APPROXIMATLY 94 PERCENT WITH A TERMINAL DEGREE) AND A 10:1 STUDENT-FACULTY RATIO. TOTAL ENROLLMENT WAS 1,717 FTE STUDENTS IN THE FALL OF 2021. 427 STUDENTS GRADUATED IN THE 2021-22 ACADEMIC YEAR.
ACADEMIC SUPPORT AND STUDENT SERVICES: A STUDENT ACADEMIC SUPPORT CENTER PROVIDES SERVICES, BASED ON BEST PRACTICES IN LEARNING ASSISTANCE, INCLUDING NEEDS ASSESSMENT, STUDENT-TO-STUDENT TUTORING, AND ONE-ON-ONE INSTRUCTION WITH PROFESSIONAL STAFF. IN COLLABORATION WITH FACULTY AND OTHER STAFF, SASC COORDINATES SPECIALIZED SERVICES FOR STUDENTS WITH DISABILITIES, MANAGES THE ACADEMIC ALERT SYSTEM, AND SUPPORTS INITIATIVES OF THE ADVISING PROGRAM. ACADEMIC ADVISING IS DONE BY FACULTY. RESEARCH AND TECHNOLOGY SUPPORT ARE PROVIDED THROUGH AN EXTENSIVE LIBRARY PROGRAM. THE COLLEGE HAS MORE THAN 100 STUDENT ORGANIZATIONS ALONG WITH COLLEGE MINISTRIES, HEALTH SERVICES, AND RECREATION AND WELLNESS PROGRAMS. APPROXIMATELY 66% OF STUDENTS ARE ENGAGED IN WORK STUDY TO SERVE THE LUTHER COMMUNITY, GAIN IMPORTANT WORK EXPERIENCE, AND EARN MONEY TOWARD EXPENSES.
AUXILIARY ENTERPRISES: LUTHER COLLEGE MAINTAINS A RURAL RESIDENTIAL CAMPUS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENT BODY WITH ROOM AND BOARD PROGRAMS DESIGNED TO ENCOURAGE A SPIRIT OF COLLEGIALITY AND CONVERSATION BEYOND THE CLASSROOM AND LABORATORY. IN FALL 2021, LUTHER'S RESIDENCE HALLS HOUSED 1,587 STUDENTS OR 92% OF TOTAL FALL ENROLLMENT. 1,387 STUDENTS USED THE COLLEGE'S DINING SERVICE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jenifer K Ward President | Officer | 45 | $292,370 |
Stephen Sporer VP For Development - Outgoing | Officer | 45 | $166,937 |
Bradley Chamberlain VP For Mission & Communication | Officer | 45 | $134,038 |
Andrew Bailey VP For Finance | Officer | 45 | $130,880 |
Lynda Szymanski Provost | Officer | 45 | $103,723 |
Laura Barlament Exec Director Of Strategic Marketing | 45 | $103,360 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sodexo Inc Dining Services | 5/30/22 | $5,389,781 |
Capture Llc Marketing Services | 5/30/22 | $376,689 |
Storbeck Pimentel & Associates Lp Executive Search Service | 5/30/22 | $219,033 |
Merit Contracting Inc Construction | 5/30/22 | $446,731 |
Carnegie Dartlet Llc Enrollment Consulting | 5/30/22 | $175,600 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,457,968 |
All other contributions, gifts, grants, and similar amounts not included above | $12,025,909 |
Noncash contributions included in lines 1a–1f | $1,067,877 |
Total Revenue from Contributions, Gifts, Grants & Similar | $15,483,877 |
Total Program Service Revenue | $97,367,208 |
Investment income | $2,860,736 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$1,484 |
Net Gain/Loss on Asset Sales | $8,987,650 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $125,968,312 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $52,601,193 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,441,034 |
Compensation of current officers, directors, key employees. | $700,605 |
Compensation to disqualified persons | $7,321 |
Other salaries and wages | $27,130,081 |
Pension plan accruals and contributions | $157,645 |
Other employee benefits | $8,572,325 |
Payroll taxes | $1,853,567 |
Fees for services: Management | $0 |
Fees for services: Legal | $53,754 |
Fees for services: Accounting | $88,633 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $113,676 |
Fees for services: Other | $1,073,406 |
Advertising and promotion | $50,714 |
Office expenses | $1,830,690 |
Information technology | $137,003 |
Royalties | $0 |
Occupancy | $2,604,651 |
Travel | $509,949 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $509,639 |
Interest | $668,331 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,596,151 |
Insurance | $694,827 |
All other expenses | $707,236 |
Total functional expenses | $116,831,135 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $40,433,870 |
Pledges and grants receivable | $6,363,308 |
Accounts receivable, net | $716,090 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,936,570 |
Inventories for sale or use | $481,110 |
Prepaid expenses and deferred charges | $260,680 |
Net Land, buildings, and equipment | $64,814,087 |
Investments—publicly traded securities | $145,947,913 |
Investments—other securities | $55,113,756 |
Investments—program-related | $4,269,632 |
Intangible assets | $0 |
Other assets | $9,718,464 |
Total assets | $330,055,480 |
Accounts payable and accrued expenses | $7,128,364 |
Grants payable | $2,937,773 |
Deferred revenue | $707,144 |
Tax-exempt bond liabilities | $21,932,032 |
Escrow or custodial account liability | $267,115 |
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 | $11,666,558 |
Total liabilities | $44,638,986 |
Net assets without donor restrictions | $90,478,925 |
Net assets with donor restrictions | $194,937,569 |
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 | $330,055,480 |
Over the last fiscal year, we have identified 2 grants that Luther College has recieved totaling $6,700.
Awarding Organization | Amount |
---|---|
Mount Saint Clare Education Charitable Trust Clinton, IA PURPOSE: SCHOLARSHIPS | $4,200 |
Claire L Rolfs Foundation Inc Portland, OR PURPOSE: GENERAL | $2,500 |
Beg. Balance | $208,192,013 |
Earnings | -$5,710,536 |
Net Contributions | $5,556,692 |
Other Expense | $3,495,024 |
Grants | $4,991,503 |
Ending Balance | $199,551,642 |
Organization Name | Assets | Revenue |
---|---|---|
Columbia College Chicago Chicago, IL | $667,072,943 | $221,332,415 |
St Olaf College Northfield, MN | $1,072,190,588 | $240,994,923 |
Carleton College Northfield, MN | $1,414,260,160 | $240,267,870 |
Trustees Of Grinnell College Grinnell, IA | $3,450,447,819 | $273,975,826 |
Macalester College St Paul, MN | $1,183,330,680 | $186,131,359 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
Wheaton College Wheaton, IL | $1,105,725,018 | $280,776,360 |
Gustavus Adolphus College Saint Peter, MN | $555,228,341 | $183,510,862 |
Augustana College Rock Island, IL | $426,442,517 | $147,587,977 |
Bethel University St Paul, MN | $210,773,506 | $136,689,038 |
Carroll University Inc Waukesha, WI | $261,882,162 | $140,965,442 |
Augsburg University Minneapolis, MN | $220,780,212 | $133,913,998 |