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Lutheran Endowment & Aid Fund Inc

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

EIN: 341789663 ✦ Mentor, OH ✦ Designated as a 501(c)(3)

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Overview

What is Lutheran Endowment & Aid Fund Inc?

Lutheran Endowment & Aid Fund Inc is a nonprofit organization situated in Mentor, Ohio. This organization primarily serves as a source of support for voluntary health associations and medical disciplines, functioning as a single entity. Led by Terry Wakelee, the nonprofit recorded a total revenue of $122,117 in the previous year. While specific details about their mission or activities are not provided in the information, it's clear that they contribute to the health sector and medical disciplines in some capacity.

Is Lutheran Endowment & Aid Fund Inc legitimate?

Lutheran Endowment & Aid Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Endowment & Aid Fund Inc 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 Lutheran Endowment & Aid Fund Inc?

The Lutheran Endowment and Aid Fund is a single organization that provides support to voluntary health associations and medical disciplines. Its mission, as stated, is not explicitly provided in the given data. However, its activities can be inferred to be focused on offering assistance to these associations and disciplines. The organization reported a total revenue of $122,117 in the previous year.

What is the revenue of Lutheran Endowment & Aid Fund Inc?

Lutheran Endowment & Aid Fund Inc's revenue in 2024 was -$1,332.

Who are the executives of Lutheran Endowment & Aid Fund Inc and what are their salaries?

There 15 volunteers at Lutheran Endowment & Aid Fund Inc.

Here are 4 key members and their salaries:


Brian Brockway (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Neuman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Wakelee (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Walton (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lutheran Endowment & Aid Fund Inc?

Lutheran Endowment & Aid Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.

Mission Statement of Lutheran Endowment & Aid Fund Inc

Lutheran Endowment & Aid Fund is a distinguished organization that provides support to voluntary health associations and medical disciplines as a single entity. Situated in Mentor, Ohio, this organization is led by Terry Wakelee and boasts an annual revenue of $122,117. The mission of Lutheran Endowment & Aid Fund is to foster and sustain the growth and development of these health associations and medical disciplines, providing them with the necessary resources and backing to achieve their objectives. By serving as a unified entity, the organization aims to strengthen the collective impact of these associations and disciplines, ultimately contributing to improved health outcomes and advancements in the medical field.

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Impact




October, 2024

The Lutheran Endowment & Aid Fund Inc plays a pivotal role in supporting health-related initiatives and medical disciplines within the community. By organizing and facilitating funding, it helps enhance the quality of care and resources available to those in need. With a total revenue of $122,117 last year, the fund effectively mobilizes these resources to address health concerns and provide aid where it's most necessary, thereby contributing to the well-being of individuals in the Mentor, OH area. Through its activities, the fund fosters collaboration and growth in the health sector, promoting better health outcomes and accessibility for the community it serves.




This information is meant to be a general summary of Lutheran Endowment & Aid Fund Inc. 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
-$1,332 (2024)
Expenses
$71,945 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $71,758
  • Gross Receipts: $569,174

Assets and Liabilities:

  • Total Assets: $2,124,768
  • Total Liabilities: $0
  • Net Assets: $2,124,768

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Organization Details

Principal Officer

Terry Wakelee

NTEE Category

Code: X11 - Religion related

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