Faith Lutheran High School Association Inc
- Assets
- $1.1m
- Revenue
- $488.0k
- Investments
- $0.0
- Employees
- 15
- Location
- Crystal Lake, IL
- Founding
- Data as of
- 06/2019
- EIN
- 36-4308921
Organization Overview
Faith Lutheran High School Association Inc is located in Crystal Lake, IL. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2017, Faith Lutheran High School Association Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Lutheran High School Association 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 06/2019, Faith Lutheran High School Association Inc generated $488.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $480.5k during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
LUTHERAN EDUCATION OF HIGH SCHOOL STUDENTS - PREPARING STUDENTS TO CONTINUE THEIR LIVES IN A CHRISTIAN MANNER; PROVIDING COLLEGE PREP CLASSES, ATHLETICS, FINE ARTS, AND GENERAL EDUCATION COURSES. ACCREDITED BY NATIONAL LUTHERAN SCHOOLS AND BY THE STATE OF ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TEACHING STAFF SERVES OUR STUDENT POPULATION. WE HAVE AN EXCELLENT STAFF OF 5 FULL-TIME, 3 PART-TIME TEACHER, AND 1 PART-TIME SECRETARY AT THE SCHOOL. THE SCHOOL PROVIDES HEALTH INSURANCE AND A RETIREMENT PLAN FOR THE FULL-TIME STAFF. AS WITH MOST ORGANIZATIONS THE PERSONNEL IS THE LARGEST PART OF THE ORGANIZATION'S EXPENSES. OUR STAFF ALSO PROVIDES COACHING,MENTORING,AND OTHER EDUCATIONAL SERVICES.
THE SCHOOL BUILDING SERVES OUR TEACHERS AND STUDENTS AS A PLACE FOR EDUCATION. BUILDING EXPENSES ARE THE NEXT LARGEST EXPENSE. THIS INCLUDES THE UTILITIES AND ROUTINE MAINTENANCE FOR THE SCHOOL.
OFFICE AND TECHNOLOGY EXPENSES FOR THE STUDENTS AND STAFF ARE ESSENTIAL AS COMPUTERS AND OTHER SUPPLIES ARE NECESSARY FOR THE EDUCATION OF THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Wright Chairman | OfficerTrustee | 2 | $0 |
Richard Wittlief Treasurer | OfficerTrustee | 2 | $0 |
Rev George Borghardt Vice Chairman | OfficerTrustee | 2 | $0 |
Phil Post Director | Trustee | 2 | $0 |
Kurt Funderburg Director | Trustee | 2 | $0 |
Kevin Keyfauver Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,067 |
| Investment income | $3,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,995 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,964 |
| Statement of Expenses | |
|---|---|
| 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. | $69,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,392 |
| Pension plan accruals and contributions | $5,375 |
| Other employee benefits | $31,130 |
| Payroll taxes | $18,342 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $159 |
| Office expenses | $25,460 |
| Information technology | $2,625 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,911 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,322 |
| Insurance | $13,451 |
| All other expenses | $2,959 |
| Total functional expenses | $480,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,643 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,397 |
| Other assets | $0 |
| Total assets | $1,108,631 |
| Accounts payable and accrued expenses | $6,821 |
| 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 | $1,293,284 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $255 |
| Total liabilities | $1,300,360 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$191,729 |