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Northland Foundation Inc

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

EIN: 391431787 ✦ Marinette, WI ✦ Designated as a 501(c)(3)

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Overview

What is Northland Foundation Inc?

Northland Foundation Inc, located in Marinette, Wisconsin, serves as an investment management organization. Their primary mission is to provide funding for capital purchases to related organizations. The earnings from these investments are then used to grant subsidies, supporting the needs of the Northland Lutheran Retirement Community, Inc. that cannot be met through standard income. This foundation's purpose is to contribute to the well-being of their affiliated organizations and their programs, ensuring they can carry out their intended services effectively.


Official website here: www.northlandlutheranwi.com

Is Northland Foundation Inc legitimate?

Northland Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northland Foundation 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


Official website here: www.northlandlutheranwi.com

What is the mission statement of Northland Foundation Inc?

Northland Foundation Inc's mission is centered around providing financial support. Specifically, it invests funds and utilizes the earnings to offer grants to related organizations that cannot meet their needs through their regular income. This philanthropic endeavor aims to subsidize these organizations and their programs. The foundation has also provided funding for capital purchases within its related organizations.


Official website here: www.northlandlutheranwi.com

Who is the CEO of Northland Foundation Inc?

Darrell Lancour is the Chairperson of Northland Foundation Inc. The CEO's salary of Northland Foundation Inc is $0 and their total compensation is $111,794.


Official website here: www.northlandlutheranwi.com

What is the revenue of Northland Foundation Inc?

Northland Foundation Inc's revenue in 2022 was $22,200.


Official website here: www.northlandlutheranwi.com

Who are the executives of Northland Foundation Inc and what are their salaries?

There 5 volunteers at Northland Foundation Inc.


Here are 6 key members and their salaries (Northland Foundation Inc's CEO's salary is $0 and their total compensation is $111,794):


William Hultman (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur Lewis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Kolstad (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Martell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Porras (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrell Lancour (Ceo)
  • Compensation: $0
  • Related: $107,644
  • Other: $4,150


Official website here: www.northlandlutheranwi.com

Where can I find the form 990 for Northland Foundation Inc?

Northland Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.northlandlutheranwi.com

Learn more at the official website: www.northlandlutheranwi.com

Mission Statement of Northland Foundation Inc

Northland Foundation Inc, as a philanthropic entity, is committed to providing investment management services for related organizations. Its primary mission is to generate earnings from these investments and utilize the proceeds to subsidize the needs of the Northland Lutheran Retirement Community, Inc.'s family of ministries. In situations where the normal operational income falls short of meeting these needs, Northland Foundation Inc steps in to bridge the gap. Additionally, the organization has provided funding for capital purchases for these related organizations. Essentially, Northland Foundation Inc serves as a financial backbone, ensuring the continuity and success of its associated organizations by supplementing their financial resources when required.

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Impact




August, 2024

Northland Foundation Inc's impact lies in providing vital funding support to related organizations in order to enhance their programs and services. By offering grants from investment earnings, Northland Foundation Inc plays a crucial role in subsidizing these organizations, allowing them to expand their reach and impact within their communities. Additionally, the foundation's provision of funding for capital purchases enables these organizations to acquire necessary resources and infrastructure to better serve their beneficiaries.

Northland Foundation Inc's mission to support the family of ministries of Northland Lutheran Retirement Community, Inc., especially when normal operational income falls short, showcases its commitment to ensuring the well-being and sustainability of these entities. Through its focus on health-related initiatives, the foundation contributes towards enhancing the quality of life and care for individuals within the communities served by these related organizations.

Overall, Northland Foundation Inc's impact is significant in bolstering the capacity and effectiveness of related organizations, ultimately leading to improved outcomes and support for individuals in need of health services and other essential programs.




This information is meant to be a general summary of Northland Foundation 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
$22,200 (2022)
Expenses
$23,200 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $21,867
  • Gross Receipts: $22,200

Assets and Liabilities:

  • Total Assets: $1,022,403
  • Total Liabilities: $1,928
  • Net Assets: $1,020,475

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Organization Details

Founding Year

1980

Principal Officer

Darrell Lancour

Main Address

831 PINE BEACH ROAD, MARINETTE, WI, 54143

NTEE Category

Code: E90Z - Health

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