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Peace Lutheran School Endowment Association Inc

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

EIN: 391474294 ✦ Antigo, WI ✦ Designated as a 501(c)(3)

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Overview

What is Peace Lutheran School Endowment Association Inc?

Peace Lutheran School Endowment Association Inc, based in Antigo, Wisconsin, serves to support Peace Lutheran School. This nonprofit organization collects funds, strategically invests them, and subsequently distributes the earnings to benefit the school. Their primary mission is to contribute financially to Peace Lutheran School in Antigo, Wisconsin, ensuring the school's continued growth and development.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)

The Peace Lutheran School Endowment Association Inc has received a Two-Star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. With an overall score of 67%, it demonstrates strengths in its accountability, particularly having a fully independent board and a strong program expense ratio of 84.64%, which shows a commitment to directing funds toward its mission.

However, there are notable limitations in other areas of accountability and transparency. The organization has not provided financial statements, and crucial policies such as conflict of interest and whistleblower protections are missing. Additionally, the nonprofit's website is not listed on its tax form, and it lacks the posting of its tax form on its website, which raises concerns about its transparency.

Overall, while Peace Lutheran School Endowment Association Inc shows promise in its board governance and program expenses, its lack of financial documentation and transparency practices detracts from its overall effectiveness. Addressing these shortcomings could help improve its rating and foster greater trust within the community it serves.


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

Is Peace Lutheran School Endowment Association Inc legitimate?

Peace Lutheran School Endowment Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peace Lutheran School Endowment Association 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 Peace Lutheran School Endowment Association Inc?

The Peace Lutheran School Endowment Association Inc's mission is centered around collecting funds, investing them wisely, and making disbursements to benefit a specific school. Specifically, their aim is to support Peace Lutheran School in Antigo, Wisconsin. Their primary activity revolves around providing general financial assistance to this educational institution.

Who is the CEO of Peace Lutheran School Endowment Association Inc?

Jeffrey D Nielsen is the Pastor Direc of Peace Lutheran School Endowment Association Inc.

What is the revenue of Peace Lutheran School Endowment Association Inc?

Peace Lutheran School Endowment Association Inc's revenue in 2022 was $719,652.

Who are the executives of Peace Lutheran School Endowment Association Inc and what are their salaries?


Here are 7 key members and their salaries:


David Karolus (Pastor Direc)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Olson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Stoehr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Calvin Krueger (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradley Mcdougal (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey D Nielsen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Williams (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Peace Lutheran School Endowment Association Inc?

Peace Lutheran School Endowment Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Peace Lutheran School Endowment Association Inc

Peace Lutheran School Endowment Association Inc is an organization dedicated to collecting funds, investing them wisely, and making disbursements to benefit Peace Lutheran School in Antigo, Wisconsin. Its mission is to provide financial support to this educational institution, ensuring its continued operation and growth. By collecting monies and investing them carefully, the association aims to generate sufficient resources to make beneficial disbursements to Peace Lutheran School. This support contributes to the school's overall well-being and its ability to deliver quality education to its students.

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Impact




July, 2024

Peace Lutheran School Endowment Association Inc's impact can be seen in its direct support of Peace Lutheran School in Antigo, Wisconsin. By collecting and investing monies wisely, this organization is able to make significant disbursements that benefit the students, staff, and overall educational experience at the school. This support helps enhance the learning environment, provide resources for educational programs, and contribute to the long-term sustainability of Peace Lutheran School. Through its philanthropic efforts, the association plays a crucial role in ensuring the continued success and growth of the school for future generations.




This information is meant to be a general summary of Peace Lutheran School Endowment Association 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
$719,652 (2022)
Expenses
$124,268 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $36,652
  • Gross Receipts: $841,399

Assets and Liabilities:

  • Total Assets: $1,874,048
  • Total Liabilities: $0
  • Net Assets: $1,874,048

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Organization Details

Founding Year

1984

Principal Officer

Jeffrey D Nielsen

Main Address

300 LINCOLN ST, ANTIGO, WI, 544091346

NTEE Category

Code: T12 - Philanthropy

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