Overview
What is Lutheran Ministry Foundation?
Lutheran Ministry Foundation is a nonprofit organization based in Seward, Nebraska. Their primary mission is to support other tax-exempt organizations, primarily those affiliated with the Lutheran Church - Missouri Synod, by managing and investing funds on their behalf. These funds are used for religious, charitable, scientific, literary, or educational purposes. The foundation awards grants to these organizations, adhering to established guidelines, to further their exempt functions. Their mission stems from a desire to spread the Gospel of Jesus Christ and share blessings, as per their Lutheran faith. They operate by soliciting and receiving contributions, gifts, grants, and bequests of property.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Lutheran Ministry Foundation has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in Accountability & Finance. This score is based entirely on its financial practices, showcasing a strong commitment to transparency and responsible management of resources. With an Accountability & Finance score of 80%, the foundation demonstrates effective oversight and a robust financial structure.
The organization boasts a fully independent board, with 57% of its members meeting this criterion, and it has implemented a thorough conflict of interest policy. Furthermore, it has documented board meeting minutes, ensuring transparency in its decision-making processes. The foundation's strong financial ratios, including a program expense ratio of 89%, indicate a focus on utilizing a high percentage of its revenue directly for programs rather than administrative costs.
While the foundation has shown commendable financial practices, continued monitoring of its governance and transparency measures will be essential for maintaining its positive standing. Overall, Lutheran Ministry Foundation appears to effectively manage its resources, making it a trustworthy option for donors interested in supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Ministry Foundation legitimate?
Lutheran Ministry Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Ministry 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 Lutheran Ministry Foundation?
The Lutheran Ministry Foundation's mission is centered around assisting Lutherans in spreading the Gospel of Jesus Christ. They achieve this by sharing the blessings they have received, graciously bestowed upon them by God. The foundation fulfills its mission through charitable grants to tax-exempt organizations whose purposes and activities align with the Lutheran faith, often referred to as ministries. In essence, the Lutheran Ministry Foundation aims to contribute to the spread of Christianity within the Lutheran community through its charitable contributions.
Who is the CEO of Lutheran Ministry Foundation?
Paul S Pettit is the Treasurer of Lutheran Ministry Foundation.
What is the revenue of Lutheran Ministry Foundation?
Lutheran Ministry Foundation's revenue in 2023 was $73,979.
Who are the executives of Lutheran Ministry Foundation and what are their salaries?
There 7 volunteers at Lutheran Ministry Foundation.
Here are 8 key members and their salaries:
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- Related: $178,459
- Other: $0
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- Related: $215,912
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Where can I find the form 990 for Lutheran Ministry Foundation?
Lutheran Ministry Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lutheran Ministry Foundation
Lutheran Ministry Foundation, a charitable organization, is dedicated to assisting Lutherans in spreading the message of Jesus Christ, our Lord and Savior. They accomplish this mission by sharing the blessings that God has graciously bestowed upon them, through charitable grants to tax-exempt organizations whose purpose and activities align with the Lutheran faith. In essence, Lutheran Ministry Foundation serves as a conduit for spreading spiritual blessings and supporting ministries that uphold the Lutheran faith.
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Impact
October, 2024
Lutheran Ministry Foundation plays a pivotal role in promoting the spread of the Gospel of Jesus Christ by facilitating financial support for initiatives aligned with Lutheran values. Through its charitable grants, it empowers tax-exempt organizations that actively engage in ministry work, enabling them to enhance their outreach and fulfill their missions effectively.
By managing, investing, and safeguarding funds, the foundation ensures that resources are available for a variety of religious, educational, and charitable purposes. This strategic stewardship allows it to respond to grant requests from affiliated organizations, supporting projects that resonate with the core tenets of the Lutheran faith.
The impact of Lutheran Ministry Foundation extends beyond mere financial aid; it fosters a robust network of ministries that work collaboratively to share the blessings bestowed upon them. The foundation's commitment to empowering these organizations significantly strengthens the community’s ability to evangelize and serve, creating a lasting impact on both individuals and the broader community in line with its mission.
This information is meant to be a general summary of Lutheran Ministry 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 2023.
- Investment Income: $176
- Gross Receipts: $73,979
Assets and Liabilities:
- Total Assets: $2,522,755
- Total Liabilities: $288,583
- Net Assets: $2,234,172
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Organization Details
Founding Year
1981
Phone
(402) 643-2961Principal Officer
Paul S Pettit
Main Address
PO BOX 407, SEWARD, NE, 68434
NTEE Category
Code: X21J - Religion related
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