Helmar Lutheran Church Foundation
- Assets
- $2.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, IL
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 42-1629760
Organization Overview
Helmar Lutheran Church Foundation is located in Newark, IL. The organization was established in 2007. 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. Helmar Lutheran Church 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 12/2023, Helmar Lutheran Church Foundation generated $21.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $40.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 8 years. 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
SUPPORT FOR HELMAR PALOOZA, A COMMUNITY EVENT WITH LIVE CHRISTIAN MUSIC AND FREE FOOD AND GAMES. APPROXIMATLEY 4000 PEOPLE ATTENDED IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlene Austin President | 1 | $0 | |
Diane Meyer Secretary | 0.5 | $0 | |
Jim Johnson Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $459 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,959 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10 |
| Total expenses | $40,010 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,751 |
| Other assets | $0 |
| Total assets | $2,751 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,751 |