First Lutheran Church Foundation

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

EIN: 460355913 ✦ Sioux falls, SD ✦ Designated as a 501(c)(3)

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Overview

What is First Lutheran Church Foundation?

First Lutheran Church Foundation, based in Sioux Falls, South Dakota, serves as a financial management entity for First Lutheran Church. Its primary role is to manage funds allocated for church-sponsored programs and the acquisition of necessary supplies. This nonprofit organization supports various ministries within the church, contributing to their overall activities and initiatives.

Is First Lutheran Church Foundation legitimate?

First Lutheran Church Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. First 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.


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 First Lutheran Church Foundation?

The First Lutheran Church Foundation's mission is centered around managing funds, specifically for ministries and supplies used in church-sponsored programs. This mission aims to support various initiatives under the purview of the First Lutheran Church. The foundation's primary role involves distributing these funds to be utilized in the church's program ministries and procurement of necessary supplies. This mission serves to enhance and sustain the church's sponsored activities.

What is the revenue of First Lutheran Church Foundation?

First Lutheran Church Foundation's revenue in 2023 was $753,206.

Who are the executives of First Lutheran Church Foundation and what are their salaries?

Here are 10 key members and their salaries:


Vance Goldhammer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Burggraff (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Nelson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allison Crawford (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Olawsky (Flc Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Kyte (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marilyn Korsten (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Hamre (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veronica Paulson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deb Nelson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for First Lutheran Church Foundation?

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

Mission Statement of First Lutheran Church Foundation

First Lutheran Church Foundation is committed to managing funds primarily intended for the necessities and resources required in various church-sponsored programs. This nonprofit organization plays a crucial role in ensuring that the First Lutheran Church has the necessary financial support to carry out its ministries effectively. By overseeing the distribution of funds for program ministries and supplies, First Lutheran Church Foundation contributes significantly to the church's efforts in serving its community.

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Impact




October, 2024

First Lutheran Church Foundation plays a vital role in supporting various ministries and programs at First Lutheran Church in Sioux Falls, SD. By effectively managing and distributing funds, it ensures that essential resources are available for church-sponsored activities. This impact is seen through the enhancement of community services, educational initiatives, and spiritual outreach efforts, allowing the church to fulfill its mission and serve its congregation more effectively. The foundation's commitment to providing necessary supplies and support directly contributes to the church's ability to engage and uplift the community it serves.




This information is meant to be a general summary of First 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.

Revenue
$753,206 (2023)
Expenses
$403,223 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $377,564
  • Gross Receipts: $753,206

Assets and Liabilities:

  • Total Assets: $12,950,953
  • Total Liabilities: $0
  • Net Assets: $12,950,953

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Organization Details

Founding Year

1963

Principal Officer

Somer Anderson

NTEE Category

Code: X20 - Religion related

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