Luther Seminary Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,152,043 | 273,492 | 878,551 | 501.2 | 0% |
| 2012 | 501,971 | 403,581 | 98,390 | 338.1 | 0% |
| 2013 | 1,266,003 | 338,818 | 927,185 | 470.9 | 0% |
| 2014 | 1,282,383 | 361,082 | 921,301 | 551.7 | 0% |
| 2015 | 3,579,748 | 390,632 | 3,189,116 | 592.7 | 0% |
| 2016 | 2,187,846 | 460,761 | 1,727,085 | 515.0 | 0% |
| 2017 | 1,531,230 | 570,361 | 960,869 | 472.6 | 0% |
| 2018 | 5,009,401 | 522,273 | 4,487,128 | 626.4 | 0% |
| 2019 | 3,357,148 | 636,827 | 2,720,321 | 547.5 | 0% |
| 2020 | −301,315 | 900,602 | −1,201,917 | 384.4 | 0% |
| 2021 | 6,454,458 | 930,399 | 5,524,059 | 460.5 | 0% |
| 2022 | 1,076,535 | 1,062,879 | 13,656 | 341.1 | 0% |
| 2023 | 1,112,908 | 1,270,040 | −157,132 | 303.2 | 0% |
In its most recent public year (2023), this organization spent $157,132 more than it brought in. Its reserves stood at about 303.2 months of spending, down from 501.2 in 2011. Staff pay was 0% of spending. $28,670,904 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
Luther Seminary Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works