Our Saviors Lutheran Church Foundation
- Assets
- $3.5m
- Revenue
- $80.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 03/1980
- Data as of
- 12/2023
- EIN
- 46-0352771
Organization Overview
Our Saviors Lutheran Church Foundation is located in Sioux Falls, SD. The organization was established in 1980. 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. Our Saviors 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, Our Saviors Lutheran Church Foundation generated $80.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $149.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE OSLC FOUNDATION SHALL BE: TO SOLICIT AND RECEIVE GIFTS, BEQUESTS AND DEVISES IN THE FORM OF EITHER REAL OR PERSONAL PROPERTY, AND TO HOLD THE PRINCIPAL THEREOF EITHER IN PERPETUITY OR FOR SUCH LIMITED DURATION OF TIME AS MIGHT BE DESIGNATED OR STIPULATED BY THE DONOR OR DONORS, OR BY THE MEMBERS OF THIS FOUNDATION; TO EXPEND THE INCOME EARNED, AND THE PRINCIPAL AS DIRECTED, FOR EDUCATION, CHARITABLE AND RELIGIOUS PURPOSES AS MAY BE APPROVED BY THE BOARD OF DIRECTORS OR THE MEMBERS OF THE FOUNDATION; AND TO HOLD, INVEST, ADMINISTER AND DISTRIBUTE THE MONIES, SECURITIES OR OTHER ASSETS OF THE FOUNDATION IN THE MANNER AND FORM AS PROVIDED BY THE DONOR, IN ACCORDANCE WITH SOUND JUDGMENT AND DISCRETION OF THE MEMBERS OF THE FOUNDATION OR OF THE BOARD OF DIRECTORS. THE FOUNDATION SHALL HAVE AND EXERCISE ALL POWERS AND AUTHORITY GRANTED BY LAW, AND MAY ENGAGE IN ANY LAWFUL ACTIVITY WITHIN THE PURPOSES FOR WHICH NON PROFIT CORPORATIONS MAY BE ORGANIZED UNDER SD LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO OUR SAVIOR'S LUTHERAN CHURCH IN SIOUX FALLS, SOUTH DAKOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Hanneman Chair | OfficerTrustee | 5 | $0 |
Debby Olson Director | Trustee | 1 | $0 |
Betsy Sittig Director | Trustee | 1 | $0 |
Dean Mertz Secretary | OfficerTrustee | 1 | $0 |
Jaysen Stevenson Treasurer | OfficerTrustee | 1 | $0 |
Curt Olson Vice President | OfficerTrustee | 1 | $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 | $10,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,628 |
| Total Program Service Revenue | $0 |
| Investment income | $70,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $142,600 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,762 |
| 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 | $0 |
| Total functional expenses | $149,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,131 |
| Savings and temporary cash investments | $0 |
| 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 | $3,469,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,471,003 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $137,457 |
| 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 | $0 |
| Total liabilities | $137,457 |
| Net assets without donor restrictions | $2,595,837 |
| Net assets with donor restrictions | $737,709 |
| 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 | $3,471,003 |