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Michigan Lutheran Seminary Foundation

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

EIN: 352159001 ✦ Saginaw, MI ✦ Designated as a 501(c)(3)

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Overview

What is Michigan Lutheran Seminary Foundation?

The Michigan Lutheran Seminary Foundation is a public nonprofit organization situated in Saginaw, Michigan. Their primary mission is to foster Christian education across various levels. As a committed supporter, they invest in educational initiatives to promote spiritual growth and learning at all stages of life.


Official website here: www.mls-foundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

The Michigan Lutheran Seminary Foundation has received an 81% score, indicating a solid performance in accountability and financial health. The charity has demonstrated strong governance practices, with a fully independent board and comprehensive policies in place, which contribute to its positive rating. The organization excels in its program expense ratio, allocating a significant portion of its funds directly to its programs.

Strengths of the foundation include its commitment to transparency and accountability, as evidenced by perfect scores in various governance categories, including conflict of interest policies and document retention. The low liabilities to assets ratio suggests sound financial management, positioning the organization as a reliable steward of donated funds. Additionally, the high program expense ratio indicates a strong focus on mission-driven activities rather than administrative overhead.

However, while the rating reflects overall positive performance, potential donors should still consider the competitive landscape of nonprofits in similar sectors. The three-star rating indicates room for improvement in certain areas that could enhance the foundation's effectiveness and impact. This should be weighed alongside the foundation's strengths when assessing its overall value and potential for support.


This AI summary has been generated from information found on Charity Navigator.

Is Michigan Lutheran Seminary Foundation legitimate?

Michigan Lutheran Seminary Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Lutheran Seminary 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: $143,447

For more financial information, click here


Official website here: www.mls-foundation.org

What is the mission statement of Michigan Lutheran Seminary Foundation?

The Michigan Lutheran Seminary Foundation, functioning as a public entity, is dedicated to promoting Christian education across various levels. Their mission is to provide support and resources to foster education in a Christian context, without specifying a particular location. As a foundation, they aim to contribute to the development of individuals' spiritual and intellectual growth based on Christian principles. They may offer scholarships, resources, or collaborate with educational institutions to advance Christian education at all stages of learning.


Official website here: www.mls-foundation.org

Who is the CEO of Michigan Lutheran Seminary Foundation?

Mike Krueger is the President of Michigan Lutheran Seminary Foundation.


Official website here: www.mls-foundation.org

What is the revenue of Michigan Lutheran Seminary Foundation?

Michigan Lutheran Seminary Foundation's revenue in 2023 was $596,593.


Official website here: www.mls-foundation.org

Who are the executives of Michigan Lutheran Seminary Foundation and what are their salaries?

The average compensation at Michigan Lutheran Seminary Foundation during 2023 was $47,816. There are 3 employees and 24 volunteers at Michigan Lutheran Seminary Foundation.


Here are 13 key members and their salaries:


Mike Krueger (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Eubank (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Wiltse (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Miller (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Barrett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Barrett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Eddy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Eddy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Miller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barb Schreiner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Schreiner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Jim Weir (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Weir (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mls-foundation.org

Where can I find the form 990 for Michigan Lutheran Seminary Foundation?

Michigan Lutheran Seminary Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.mls-foundation.org

Learn more at the official website: www.mls-foundation.org

Mission Statement of Michigan Lutheran Seminary Foundation

The Michigan Lutheran Seminary Foundation, functioning as a public entity, is committed to upholding Christian education at various levels. This nonprofit organization aims to substantiate and promote religious learning across different stages of education. By providing support to Christian education, the Michigan Lutheran Seminary Foundation seeks to contribute to the cultivation of individuals with strong spiritual foundations.

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Impact




July, 2024

Michigan Lutheran Seminary Foundation has a significant impact on supporting Christian education at all levels in Saginaw, Michigan. By providing financial assistance and resources, they contribute to the growth and development of educational programs that promote Christian values and principles. Their mission to support Christian education plays a crucial role in nurturing individuals who embrace and uphold these beliefs, ultimately benefiting the community and society as a whole.




This information is meant to be a general summary of Michigan Lutheran Seminary 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
$596,593 (2023)
Expenses
$466,140 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $156,251
  • Gross Receipts: $635,082

Assets and Liabilities:

  • Total Assets: $2,299,224
  • Total Liabilities: $578,989
  • Net Assets: $1,720,235

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Organization Details

Founding Year

2001

Principal Officer

Mike Krueger

Main Address

2777 HARDIN STREET ST 4, SAGINAW, MI, 486023710

NTEE Category

Code: X12 - Religion related

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