Luther House Of Study
- Assets
- $381.4k
- Revenue
- $825.9k
- Investments
- $97.1k
- Employees
- 4
- Location
- Sioux Falls, SD
- Founding
- Data as of
- 12/2022
- EIN
- 88-1810650
Organization Overview
Luther House Of Study is located in Sioux Falls, SD. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2022, Luther House Of Study employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luther House Of Study is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING LUTHERAN LEADERSHIP AND MINISTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE EDUCATE FUTURE MINISTRY STUDENTS AND LAY LEADERS, AND WE SUPPORT CURRENT MINISTRY PROFESSIONALS THROUGH CLASSES, ONE TIME CONFERENCE EVENTS, AND WEEKLY PODCASTS. 140+ PASTORS SUPPORTED; 89 CURRENT STUDENTS BEING TRAINED TO BE PASTORS; 150+ LAY LEADER PARTICIPANTS; ON AVERAGE 700-1000 WEEKLY PODCAST LISTENERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Gage Chair & Treasurer | OfficerTrustee | 0.1 | $0 |
Miriam Broin Vice Chair | OfficerTrustee | 0.1 | $0 |
Christopher Croghan Secretary/chief Academic Officer | OfficerTrustee | 40 | $67,083 |
Sarah Stenson Chief Executive Officer | Officer | 40 | $67,083 |
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 | $823,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $823,102 |
| Total Program Service Revenue | $213 |
| Investment income | $1,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,578 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $825,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,600 |
| 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. | $134,167 |
| Compensation of current officers, directors, key employees. | $16,771 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,667 |
| Pension plan accruals and contributions | $3,225 |
| Other employee benefits | $19,269 |
| Payroll taxes | $16,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,917 |
| Advertising and promotion | $16,023 |
| Office expenses | $8,016 |
| Information technology | $7,674 |
| Royalties | $0 |
| Occupancy | $80 |
| Travel | $9,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,936 |
| All other expenses | $35 |
| Total functional expenses | $451,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,829 |
| 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 | $3,536 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $97,062 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $381,427 |
| Accounts payable and accrued expenses | $3,871 |
| 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 | $0 |
| Total liabilities | $3,871 |
| 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 | $377,556 |
| Total liabilities and net assets/fund balances | $381,427 |