Mount Olive Lutheran Church Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237179228 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Mount Olive Lutheran Church Foundation?

The Mount Olive Lutheran Church Foundation is a nonprofit organization that generously supports Mount Olive Lutheran Church, a Christian establishment situated in Minneapolis, Minnesota. Through grant provision, the foundation contributes to the church's operations and upkeep. The primary mission of the Mount Olive Lutheran Church Foundation is to champion the cause of Mount Olive Lutheran Church, ensuring its continued presence and influence within the local community.

Is Mount Olive Lutheran Church Foundation legitimate?

Mount Olive Lutheran Church Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Olive Lutheran Church Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Mount Olive Lutheran Church Foundation?

The Mount Olive Lutheran Church Foundation's primary mission is to support the operations of Mount Olive Lutheran Church. Operating as a grant-giving entity, the foundation aids this Christian organization based in Minneapolis, MN. The primary objective of the foundation is to contribute financially to the church's activities, thereby enabling it to carry out its religious and community-oriented functions effectively. The foundation's role is instrumental in ensuring the church's continued service to its congregation and the wider community. The foundation's support is rooted in its commitment to upholding the church's Christian values and principles.

Who is the CEO of Mount Olive Lutheran Church Foundation?

Paul Sundquist is the Director of Mount Olive Lutheran Church Foundation.

What is the revenue of Mount Olive Lutheran Church Foundation?

Mount Olive Lutheran Church Foundation's revenue in 2022 was $255,755.

Who are the executives of Mount Olive Lutheran Church Foundation and what are their salaries?

There 5 volunteers at Mount Olive Lutheran Church Foundation.


Here are 9 key members and their salaries:


Keith Bartz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Campbell-Johnson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Farnan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Thurston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Ferguson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Sundquist (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Browender (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grace Wiechman (Vice President Thru 10/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Peterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mount Olive Lutheran Church Foundation?

Mount Olive Lutheran Church Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mount Olive Lutheran Church Foundation

The Mount Olive Lutheran Church Foundation is committed to supporting Mount Olive Lutheran Church. As a mission-driven organization, its primary goal is to provide a grant to the church, which operates as a Christian institution based in Minneapolis, Minnesota. The Foundation's role is instrumental in upholding the church's operations, ensuring its continued presence and service to the community. The Mount Olive Lutheran Church Foundation's mission is to foster the church's growth and sustainability, allowing it to carry out its Christian missions effectively.

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Impact




October, 2024

Mount Olive Lutheran Church Foundation plays a vital role in enhancing the mission and activities of Mount Olive Lutheran Church. By providing essential financial grants, the foundation ensures that the church can continue its religious, educational, and community outreach efforts in Minneapolis, MN. This support helps the church to thrive and serve its congregation and the wider community, fostering spiritual growth and engagement through various programs and initiatives. Through its commitment to sustaining and developing church activities, the foundation significantly contributes to the religious and social fabric of the area, making a lasting impact on those it serves.




This information is meant to be a general summary of Mount Olive Lutheran Church Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$255,755 (2022)
Expenses
$177,429 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $69,860
  • Gross Receipts: $255,755

Assets and Liabilities:

  • Total Assets: $1,815,365
  • Total Liabilities: $0
  • Net Assets: $1,815,365

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Organization Details

Founding Year

1989

Principal Officer

Paul Sundquist

Main Address

3045 CHICAGO AVE SO, MINNEAPOLIS, MN, 55407

NTEE Category

Code: X20 - Religion related

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