Lakeside Lutheran Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 403,492 | 100,974 | 302,518 | 225.3 | 0% |
| 2022 | −18,697 | 80,077 | −98,774 | 269.2 | 0% |
| 2023 | 74,368 | 74,586 | −218 | 289.0 | 0% |
| 2024 | 262,383 | 89,761 | 172,622 | 263.2 | 0% |
In its most recent public year (2024), this organization brought in $172,622 more than it spent. Its reserves stood at about 263.2 months of spending, up from 225.3 in 2021. Staff pay was 0% of spending. $881,413 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 2024. 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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