Luther Academy
- Assets
- $150.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 36-3769202
Organization Overview
Luther Academy is located in Fort Wayne, IN. The organization was established in 1996. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Luther Academy 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, Luther Academy generated $172.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $156.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DISTRIBUTED MULTIPLE THEOLOGICAL JOURNALS AND BOOKSAND HOSTED CONFERENCES ACROSS THE WORLD FOR THEOLOGICAL TEACHING AND DISCUSSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Bennett Executive Director | 50 | $0 | |
Bucky Hellwig Vice President | 0.5 | $0 | |
Carl Roth Secretary | 0.5 | $0 | |
Rev Gerhard Mundinger Director | 0.5 | $0 | |
Ken Zimmerman Director | 0.5 | $0 | |
Rev Daniel Preus President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,574 |
| Total Program Service Revenue | $31,717 |
| Membership dues | $175 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $172,466 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $85,100 |
| Professional fees and other payments to independent contractors | $4,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $28,536 |
| Other expenses | $39,175 |
| Total expenses | $156,811 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,318 |
| Other assets | $0 |
| Total assets | $150,002 |
| Total liabilities | $61,230 |
| Net assets or fund balances | $88,772 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Luther Academy has recieved totaling $40,030.
| Awarding Organization | Amount |
|---|---|
Roy D And Ingaborg G Randolph Memorial Endowment Fund Inc Kerrville, TX PURPOSE: HELP SUPPORT MINISTRY | $40,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
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