Endowment Fund Of Zion Lutheran Church Of Portland Oregon
- Assets
- $3.4m
- Revenue
- $426.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 06/1967
- Data as of
- 12/2021
- EIN
- 93-6041250
Organization Overview
Endowment Fund Of Zion Lutheran Church Of Portland Oregon is located in Portland, OR. The organization was established in 1967. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, 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. Endowment Fund Of Zion Lutheran Church Of Portland Oregon 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, Endowment Fund Of Zion Lutheran Church Of Portland Oregon generated $426.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $142.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Endowment Fund Of Zion Lutheran Church Of Portland Oregon has awarded 16 individual grants totaling $234,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPLEMENT THE INCOME OF ZION LUTHERAN CHURCH IN CERTAIN CIRCUMSTANCES, TO PROVIDE ASSISTANCE TO STUDENTS OF THE MINISTRY AND CHRISTIAN EDUCATION, TO PROVIDE FINANCIAL ASSISTANCE TO PERSONS OR GROUPS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL ASSISTANCE PROVIDED TO ZION LUTHERAN CHURCH TO SUPPORT THE COST OF EXTERIOR MAINTENANCE OF AN OLDER BUILDING.
FINANCIAL ASSISTANCE TO CHURCH OF THE CITY TO PROVIDE WEEKLY FOOD BOXES TO LOW INCOME APARTMENTS IN DOWNTOWN PORTLAND, OREGON.
FINANCIAL ASSISTANCE TO SHEPHERD OF THE VALLEY LUTHERAN CHURCH IN THEIR PROGRAM TO ASSIST THE OREGON FOOD BANK IN PROVIDING HEALTHY MEALS TO LOW INCOME PEOPLE BEING DISCHARGED FROM THE HOSPITAL.
FINANCIAL SUPPORT FOR OTHER CHURCHES IN THE PORTLAND METRO AREA, SHELTER AND FOOD FOR THE POOR AND UNHOUSED, EDUCATION FOR CHURCH MINISTRY PROGRAMS AND HOUSING FOR ORPHANED CHILDREN IN KENYA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Wagner Manager | Trustee | $0 | |
Walt Contino Manager | Trustee | $0 | |
Bruce Hofer Chairman | Trustee | 1 | $0 |
Susan Halverson Westerberg Manager | Trustee | $0 | |
Pamela Jensen Manager | Trustee | $0 | |
Sharon Miles Manager | Trustee | $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 | $315,916 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,916 |
| Total Program Service Revenue | $0 |
| Investment income | $110,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $656 |
| 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 | $426,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,400 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $0 |
| Total functional expenses | $142,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,384,520 |
| 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 | $1,988,762 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,373,282 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,373,282 |
| 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 | $3,373,282 |
Grants Awarded
Over the last fiscal year, Endowment Fund Of Zion Lutheran Church Of Portland Oregon has awarded $118,400 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: CHURCH OPERATIONS | $50,000 |
Corvallis, OR PURPOSE: FOOD FOR POOR | $20,000 |
Portland, OR PURPOSE: FOOD FOR POOR | $20,000 |
Portland, OR PURPOSE: FOOD ASSISTANCE | $10,000 |
Portland, OR PURPOSE: FOOD FOR HOMELESS | $10,000 |
Portland, OR PURPOSE: EDUCATION | $8,400 |
Endowment Analysis
| Beg. Balance | $3,088,704 |
| Earnings | $110,860 |
| Admin Expense | $5,798 |
| Net Contributions | $315,916 |
| Grants | $136,400 |
| Ending Balance | $3,373,282 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ccf-La Supporting Organization Los Angeles, CA | $162,068,078 | $45,763,526 |
Purpose Driven Connection Rancho Santa Margarita, CA | $29,393,570 | $25,518,921 |
Bethel Music Redding, CA | $17,020,388 | $17,178,099 |
Conference Claimants Endowment Bd California Ann Conf Methodist Ch Stockton, CA | $134,531,224 | $10,421,570 |
Bethel Media Redding, CA | $2,416,750 | $3,101,104 |
Catholic Community Foundation Of San Diego San Diego, CA | $89,259,750 | $4,327,946 |
Secrets Unsealed Fresno, CA | $5,504,604 | $3,996,381 |
A P Reilly Foundation Santa Monica, CA | $46,201,571 | $194,000 |
United Vision Foundation Seattle, WA | $20,255,366 | $508,332 |
The Olympic Club Foundation San Francisco, CA | $6,547,843 | $1,319,679 |
Faiz-E-Husaini America Calabasas, CA | $1,238,917 | $1,035,173 |
Friends Of Christ Foundation Milpitas, CA | $12,432 | $200,968 |