Overview
What is Our Savior's Lutheran Church Foundation?
Our Savior's Lutheran Church Foundation is a nonprofit organization that collects and manages donations, including gifts, bequests, and devises, primarily in the form of real or personal property. The foundation holds these funds either for a specified duration or perpetuity, as per the donor's wishes. The primary purpose of the foundation is to support educational, charitable, and religious causes, which may be approved by the board of directors or the foundation members. The foundation's primary program involves offering grants to Our Savior's Lutheran Church in Sioux Falls, South Dakota, focusing on furthering their mission. The foundation has the legal authority to engage in various activities within its nonprofit status, as outlined by South Dakota law.
Is Our Savior's Lutheran Church Foundation legitimate?
Our Savior's Lutheran Church Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Savior's 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.
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What is the mission statement of Our Savior's Lutheran Church Foundation?
The Our Savior's Lutheran Church Foundation's primary purpose is to collect gifts, bequests, and devises, either in the form of real or personal property. The foundation holds these assets either indefinitely or for a specified duration as per the donor's wishes. The foundation's board of directors or members have the authority to decide how to utilize the income gained from these assets, primarily for educational, charitable, and religious purposes. The foundation may engage in various lawful activities within the scope of its purpose. Besides this, the Our Savior's Lutheran Church Foundation grants funds to Our Savior's Lutheran Church in Sioux Falls, South Dakota.
Who is the CEO of Our Savior's Lutheran Church Foundation?
Dennis Hanneman is the Chair of Our Savior's Lutheran Church Foundation.
What is the revenue of Our Savior's Lutheran Church Foundation?
Our Savior's Lutheran Church Foundation's revenue in 2022 was $173,797.
Who are the executives of Our Savior's Lutheran Church Foundation and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Our Savior's Lutheran Church Foundation?
Our Savior's Lutheran Church Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Our Savior's Lutheran Church Foundation
Our Savior's Lutheran Church Foundation is a non-profit organization dedicated to soliciting and managing funds for educational, charitable, and religious purposes. The foundation accepts gifts, bequests, and devises in the form of both real and personal property, and it may hold the principal either indefinitely or for a specified period as stipulated by the donor or the foundation's members.
The primary objective of Our Savior's Lutheran Church Foundation is to utilize the income generated from these donations and the principal, if directed, to support causes within the approved scope of the board of directors or the foundation's members. The foundation is granted broad powers and authority according to law, enabling it to engage in various lawful activities within its purpose as a non-profit corporation.
In practice, Our Savior's Lutheran Church Foundation provides grants to Our Savior's Lutheran Church in Sioux Falls, South Dakota. However, the foundation's mission is not limited to supporting a single church; it can allocate its resources to a wide range of education, charitable, and religious causes, provided they align with the discretion of its members or board of directors.
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Impact
October, 2024
The Our Savior's Lutheran Church Foundation creates a significant impact through its dedicated efforts to solicit and manage gifts, bequests, and other contributions. By holding these assets either in perpetuity or for specified durations, the foundation ensures a sustainable source of funding for a variety of essential initiatives. The income generated is strategically allocated to support education, charitable, and religious programs that enhance the community.
Through its grant-making activities, the foundation directly contributes to the growth and development of Our Savior's Lutheran Church in Sioux Falls, South Dakota. This support fosters an environment where spiritual, educational, and community-oriented projects can thrive, benefiting members of the congregation and the broader community alike. By exercising sound judgment and discretion in its financial stewardship, the foundation maximizes the impact of donations, empowering positive change and enriching lives through its commitments to charity and faith.
This information is meant to be a general summary of Our Savior's 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $54,786
- Gross Receipts: $173,797
Assets and Liabilities:
- Total Assets: $3,040,313
- Total Liabilities: $0
- Net Assets: $3,040,313
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Organization Details
Founding Year
1978
Phone
(605) 838-6597Principal Officer
Dennis Hanneman
Main Address
909 W 33RD STREET, SIOUX FALLS, SD, 57105
NTEE Category
Code: X22 - Religion related
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