Lutheran Services In Iowa Charitable Foundation Inc
- Assets
- $11.4m
- Revenue
- $908.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 42-1254906
Organization Overview
Lutheran Services In Iowa Charitable Foundation Inc is located in Des Moines, IA. The organization was established in 1985. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Services In Iowa Charitable Foundation Inc 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 12/2021, Lutheran Services In Iowa Charitable Foundation Inc generated $908.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $720.1k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
SUPPORT LUTHERAN SERVICES IN IOWA, INC. (LSI) IN PROVIDING SOCIAL MINISTRY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL SUPPORT TO LSI AND THROUGH THAT FINANCIAL SUPPORT ASSIST LSI WITH ITS PURPOSE OF PROVIDING SOCIAL MINISTRY SERVICES TO CHILDREN, FAMILIES, AND OTHERS IN NEED OF SOCIAL ASSISTANCE. LSI IMPACTS THE LIVES OF THOUSANDS OF IOWANS ANNUALLY THROUGH RESIDENTIAL TREATMENT, SERVICES TO FAMILIES, EARLY CHILDHOOD PROGRAMS, ADOPTION/FOSTER CARE SERVICES, REFUGEE COMMUNITY SERVICES, AND SERVICES FOR PEOPLE WITH DISABILITIES. LSI SERVES PEOPLE OF ALL AGES, GENDERS, NATIONALITIES, RELIGIONS, ETHNICITIES AND SEXUAL ORIENTATIONS AND IS AFFILIATED WITH LUTHERAN SERVICES IN AMERICA AND THREE IOWA SYNODS OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA (ELCA).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Paul Ostrem Chair | OfficerTrustee | 0.5 | $0 |
John Twardos President/ceo | OfficerTrustee | 1 | $0 |
Steve Ricklefs Vice Chair | OfficerTrustee | 0.5 | $0 |
Mark Homquist Secretary | OfficerTrustee | 0.5 | $0 |
Knief Roni VP Finance/cfo | Officer | 1 | $0 |
Bell Fred Director | Trustee | 0.3 | $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 | $250,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,409 |
| Total Program Service Revenue | $0 |
| Investment income | $228,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $417,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $908,079 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $554,594 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $100,000 |
| Fees for services: Investment Management | $40,331 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $5,106 |
| Total functional expenses | $720,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $161,276 |
| 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 | $11,051,341 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160,362 |
| Total assets | $11,372,979 |
| Accounts payable and accrued expenses | $4,047 |
| 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 | $11,368,932 |
| Total liabilities | $11,372,979 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $11,372,979 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Services In Iowa Charitable Foundation Inc has recieved totaling $33,350.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $33,350 |
Endowment Analysis
| Beg. Balance | $1,809,262 |
| Earnings | $737 |
| Net Contributions | $1,800 |
| Ending Balance | $1,811,799 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Start Early Chicago, IL | $84,271,202 | $70,463,769 |
Aunt Marthas Health And Wellness Inc Olympia Fields, IL | $54,790,181 | $76,869,739 |
Jewish Child And Family Services Chicago, IL | $66,913,873 | $39,925,385 |
Youth And Shelter Services Inc Ames, IA | $20,702,397 | $24,039,614 |
Kids Above All Illinois Chicago, IL | $6,170,372 | $14,023,607 |
Jackson County Community Childrens Service Fund Kansas City, MO | $22,334,800 | $14,345,673 |
Youth Service Bureau Of Illinois Valley Incorporated Ottawa, IL | $4,153,278 | $14,098,230 |
Gads Hill Center Chicago, IL | $12,791,437 | $15,113,158 |
Lutheran Family And Childrens Services Of Missouri St Louis, MO | $11,391,794 | $13,865,128 |
Ronald Mcdonald House Charities Of Chicagoland And Northwest Indiana Oak Brook, IL | $71,872,336 | $16,625,455 |
The Link Minneapolis, MN | $6,613,404 | $13,474,275 |
Night Ministry Chicago, IL | $17,470,779 | $11,762,279 |