United Lutheran Seminary Endowment Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,221,442 | 1,009,360 | 212,082 | 262.0 | 0% |
| 2013 | −142,679 | 1,650,048 | −1,792,727 | 168.5 | 0% |
| 2014 | 1,093,484 | 1,403,290 | −309,806 | 214.5 | 0% |
| 2015 | 765,332 | 1,458,670 | −693,338 | 203.5 | 0% |
| 2016 | 2,586,695 | 1,496,069 | 1,090,626 | 188.2 | 0% |
| 2017 | 1,062,175 | 1,527,896 | −465,721 | 201.2 | 0% |
| 2018 | 1,458,168 | 2,113,590 | −655,422 | 205.9 | 0% |
| 2019 | 26,077,693 | 1,384,094 | 24,693,599 | 529.6 | 0% |
| 2020 | 12,855,103 | 3,674,129 | 9,180,974 | 194.6 | 0% |
| 2021 | 3,506,631 | 3,823,267 | −316,636 | 254.6 | 0% |
| 2022 | 3,679,145 | 3,484,531 | 194,614 | 250.9 | 0% |
| 2023 | 2,830,584 | 4,587,363 | −1,756,779 | 196.0 | 0% |
In its most recent public year (2023), this organization spent $1,756,779 more than it brought in. Its reserves stood at about 196 months of spending, down from 262 in 2012. Staff pay was 0% of spending. $71,017,785 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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