Normandale Lutheran Church Foundation
- Assets
- $1.7m
- Revenue
- $89.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- 10/1974
- Data as of
- 12/2022
- EIN
- 23-7401535
Organization Overview
Normandale Lutheran Church Foundation is located in Edina, MN. The organization was established in 1974. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Normandale Lutheran Church Foundation 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 12/2022, Normandale Lutheran Church Foundation generated $89.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $88.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Normandale Lutheran Church Foundation has awarded 25 individual grants totaling $785,767. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LAUNCH NEW MISSIONS AND SUPPORT THE MISSIONS OF NORMANDALE LUTHERAN CHURCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, THE NORMANDALE FOUNDATION GRANTED OVER $66,000, IN SUPPORT OF NORMANDALE MINISTRIES AND PROGRAMS. THESE GRANTS INCLUDED GRANTS TO NORMANDALE LUTHERAN CHURCH ($40,000), COMMUNITY EMERGENCY SERVICES ($8,600) AND NORMANDALE HEALING AND WHOLENESS ($8,600).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Ingvaldson President | OfficerTrustee | 1 | $0 |
Ron Peterson Treasurer | OfficerTrustee | 2 | $0 |
Sandra Schley Board Member | Trustee | 1 | $0 |
Bob Tengdin Board Member | Trustee | 1 | $0 |
Pastor Paul Pettersen Lead Pastor/ Ex-Officio | Trustee | 2 | $0 |
Phil Boelter Board Member | Trustee | 1 | $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 | $17,652 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,652 |
| Total Program Service Revenue | $0 |
| Investment income | $42,883 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,084 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,116 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,602 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,460 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,280 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $88,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,928 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,716,562 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,744,490 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $257,521 |
| 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 | $0 |
| Total liabilities | $257,521 |
| Net assets without donor restrictions | $680,231 |
| Net assets with donor restrictions | $806,738 |
| 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 | $1,744,490 |
Grants Awarded
Over the last fiscal year, Normandale Lutheran Church Foundation has awarded $61,655 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY EMERGENCY SERVICES PURPOSE: CHARITABLE GIFT TO SUPPORT SERVICES | $8,601 |
NORMANDALE EVANGELICAL LUTHERAN CHURCH PURPOSE: CHARITABLE GIFT TO SUPPORT MINISTRIES AND SPECIAL PROGRAMS APPROVED BY THE CONGREGATION AND NLC ORGAN MAINTENANCE | $44,423 |
NORMANDALE CENTER FOR HEALING AND WHOLENESS PURPOSE: TO SUPPORT THE CENTER FOR HEALING AND WHOLENESS COMMUNITY SERVICES | $8,631 |