Overview
What is The Lutheran High School Association Of Greater Milwaukee Foundation Inc?
The Lutheran High School Association of Greater Milwaukee Foundation (LHSAGMF) is a nonprofit organization based in West Allis, Wisconsin. Its primary mission is to provide vision, funding, and accountability to three distinct Lutheran high schools, ensuring they have the necessary resources for exceptional spiritual development, academics, athletics, and arts. By offering financial support mainly for student aid and capital improvements, LHSAGMF aims to equip the next generation of servant leaders for the church and society. This foundation operates with efficiency, serving as a vital link between the schools and their resources, thereby fostering competitive academic programs, significant arts, and athletic opportunities.
Official website here: www.weteachtruth.org/foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The Lutheran High School Association Of Greater Milwaukee Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization scored 92% overall, with the score derived entirely from its accountability and finance practices. The strong performance is evident in its independent board structure and effective financial oversight, including having no material diversion of assets.
Strengths highlighted include a fully independent board, which scored 10 out of 10 points, and a solid program expense ratio of 77.59%, indicating a significant portion of funds goes directly towards its mission. Financial measures, such as a low liabilities to assets ratio of 3.34% and a fundraising efficiency of just $0.05 raised per dollar, showcase the organization's strong financial management. Additionally, it ensures transparency by distributing tax forms to board members before filing.
However, there are some areas noted for improvement. The organization is missing key policies, specifically a whistleblower policy and a document retention and destruction policy, which received zero points in those categories. Addressing these gaps could enhance its governance framework and stakeholder trust, thereby further solidifying its reputation as a responsible nonprofit in the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Lutheran High School Association Of Greater Milwaukee Foundation Inc legitimate?
The Lutheran High School Association Of Greater Milwaukee Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lutheran High School Association Of Greater Milwaukee 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.
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For more financial information, click here
Official website here: www.weteachtruth.org/foundation/
What is the mission statement of The Lutheran High School Association Of Greater Milwaukee Foundation Inc?
The Lutheran High School Association of Greater Milwaukee Foundation Inc serves as the sole organization providing vision, funding, accountability, and operational efficiencies for three culturally diverse Lutheran high schools. Its primary goal is to ensure these schools have the necessary resources to educate students, offering competitive academic programs, significant arts opportunities, and robust athletic activities. Furthermore, the foundation aims to develop the next generation of servant leaders, preparing them for both church and societal roles.
Official website here: www.weteachtruth.org/foundation/
Who is the CEO of The Lutheran High School Association Of Greater Milwaukee Foundation Inc?
Cole Braun is the President of The Lutheran High School Association Of Greater Milwaukee Foundation Inc.
Official website here: www.weteachtruth.org/foundation/
What is the revenue of The Lutheran High School Association Of Greater Milwaukee Foundation Inc?
The Lutheran High School Association Of Greater Milwaukee Foundation Inc's revenue in 2022 was $1,265,475.
Official website here: www.weteachtruth.org/foundation/
Who are the executives of The Lutheran High School Association Of Greater Milwaukee Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.weteachtruth.org/foundation/
Where can I find the form 990 for The Lutheran High School Association Of Greater Milwaukee Foundation Inc?
The Lutheran High School Association Of Greater Milwaukee Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.weteachtruth.org/foundation/
Learn more at the official website: www.weteachtruth.org/foundation/
Mission Statement of The Lutheran High School Association Of Greater Milwaukee Foundation Inc
The Lutheran High School Association of Greater Milwaukee Foundation Inc plays a unique role in supporting three culturally diverse Lutheran high schools. Its mission is to provide these schools with the necessary vision, funding, accountability, and operational efficiencies. This ensures that these educational institutions have the resources to nurture students, offering competitive academic programs, significant arts opportunities, and extensive athletic opportunities. By doing so, the Foundation equips the next generation of servant leaders, preparing them to contribute positively to both the church and society. The Foundation's role is vital in ensuring that these schools can effectively disciple students, fostering their growth and development for the betterment of their communities.
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Impact
July, 2024
The Lutheran High School Association Of Greater Milwaukee Foundation Inc plays a crucial role in providing vision, funding, accountability, and operational efficiencies for three culturally distinct Lutheran high schools. By ensuring that these schools have the necessary resources, the foundation contributes to the development of students in spiritual, academic, athletic, and artistic areas. Through its support for student aid and capital improvements, the foundation helps equip the next generation of servant leaders for the church and society.
This information is meant to be a general summary of The Lutheran High School Association Of Greater Milwaukee 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $68,990
- Gross Receipts: $1,502,406
Assets and Liabilities:
- Total Assets: $5,542,321
- Total Liabilities: $125,183
- Net Assets: $5,417,138
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Organization Details
Founding Year
2013
Phone
(414) 421-9100Principal Officer
Cole Braun
Main Address
10427 W LINCOLN AVENUE 1300, WEST ALLIS, WI, 53227
NTEE Category
Code: B12 - Education
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