Niagara Lutheran Home Foundation Inc
- Assets
- $22.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Lancaster, NY
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 16-1315868
Organization Overview
Niagara Lutheran Home Foundation Inc is located in Lancaster, NY. The organization was established in 1988. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niagara Lutheran Home Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Niagara Lutheran Home Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Niagara Lutheran Home Foundation Inc has awarded 37 individual grants totaling $6,485,820. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE FOR THE PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS OF THE INDIVIDUALS WE SERVE, IN A CHRISTIAN ENVIRONMENT. THE ORGANIZATION'S PRIMARY ACTIVITY IS FUND RAISING TO IMPROVE THE QUALITY OF LIFE FOR THE RESIDENTS AND THE WORK ENVIRONMENT FOR THE CAREGIVERS OF ITS RELATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISED FUNDS TO HELP IMPROVE THE QUALITY OF LIFE FOR THE RESIDENTS AND THE WORK ENVIRONMENT FOR THE CAREGIVERS OF ITS RELATED ORGANIZATIONS BY CONTRIBUTING TOWARDS THE PURCHASE OF NECESSARY EQUIPMENT, PROGRAMS, AND FURNISHINGS AND THE EXPANSION OF RELATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr David E Mcmullen Dir Of Development And Board Member | Trustee | 37.5 | $127,681 |
Christopher E Koenig President/ceo Annd Board Member | OfficerTrustee | 5 | $0 |
Mr Edward G Wright Board Chairman | OfficerTrustee | 0.5 | $0 |
Mr James M Sexton III Board Secretary | OfficerTrustee | 0.5 | $0 |
Ms Laurie Jankowski Chief Financial Officer-Retired 11/1/2021 | Officer | 5 | $0 |
Steven Chizuk Chief Financial Officer Effective 11/1/2021 | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,082,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,082,728 |
| Total Program Service Revenue | $0 |
| Investment income | $293,810 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $914,403 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,290,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $396,319 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,524 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,964 |
| Pension plan accruals and contributions | $3,667 |
| Other employee benefits | $23,798 |
| Payroll taxes | $12,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $134,576 |
| Fees for services: Other | $865 |
| Advertising and promotion | $180 |
| Office expenses | $21,122 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $476 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $955 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,131,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,252,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,146 |
| Net Land, buildings, and equipment | $599 |
| Investments—publicly traded securities | $19,956,009 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $124,471 |
| Total assets | $22,339,424 |
| Accounts payable and accrued expenses | $10,914 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $126,912 |
| Total liabilities | $137,826 |
| Net assets without donor restrictions | $21,026,338 |
| Net assets with donor restrictions | $1,175,260 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,339,424 |
Grants Awarded
Over the last fiscal year, Niagara Lutheran Home Foundation Inc has awarded $396,319 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Lancaster, NY PURPOSE: The purpose of this contribution was for the Child Daycare and Wellness Center and for the Lineage Group Collaboration. | $201,512 |
Lancaster, NY PURPOSE: The purpose of this contribution was for the benevolent fund for residents and resident activities. | $73,305 |
Lancaster, NY PURPOSE: The purpose of this contribution was for resident activities, music program, hospitality program, and equipment. | $70,950 |
Lancaster, NY PURPOSE: The purpose of this contribution was for a benevolent funds for residents, grounds beautification, as well as other resident activities. | $31,910 |
Lancaster, NY PURPOSE: The purpose of the contribution was for a benevolent fund for residents, music and memory program, and resident activities. | $18,642 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Niagara Lutheran Home Foundation Inc has recieved totaling $260,035.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE | $152,535 |
Odd Fellow And Rebekah Benefit Fund Inc Lockport, NY PURPOSE: PURCHASE PHYSICAL THERAPY EQUIPMENT. | $100,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $7,500 |
Endowment Analysis
| Beg. Balance | $206,007 |
| Ending Balance | $206,007 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
United Way Of Bergen County Paramus, NJ | $30,271,619 | $16,270,987 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |
United Way Of Long Island Deer Park, NY | $13,444,061 | $14,770,315 |
United Way Of Berks County Reading, PA | $37,493,734 | $14,271,656 |
Wellington Management Foundation Boston, MA | $61,260,814 | $15,149,104 |
Keren Hayeshivot Trust Brooklyn, NY | $1,238,192 | $11,653,329 |
Jewish Federation Of Northern New Jersey Inc Paramus, NJ | $65,504,215 | $14,848,347 |
Ovarian Cancer Research Fund Inc New York, NY | $32,985,153 | $13,088,201 |
United Way Of Tri County Inc Framingham, MA | $6,314,872 | $10,584,211 |
United Way Of Greater New Haven Inc New Haven, CT | $7,094,504 | $11,335,998 |