Lutheran High School Association Of The Greater Sheboygan Area Inc
- Assets
- $21.1m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 59
- Location
- Sheboygan, WI
- Founding
- 07/1941
- Data as of
- 06/2022
- EIN
- 39-1269495
Organization Overview
Lutheran High School Association Of The Greater Sheboygan Area Inc is located in Sheboygan, WI. The organization was established in 1941. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lutheran High School Association Of The Greater Sheboygan Area Inc employed 59 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lutheran High School Association Of The Greater Sheboygan Area 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 06/2022, Lutheran High School Association Of The Greater Sheboygan Area Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 9.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE STUDENTS THROUGH A PAROCHIAL PRIVATE HIGH SCHOOL. "PREPARING CHRISTIAN LEADERS - ONE STUDENT AT A TIME"
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION TO STUDENTS IN GRADES 9 THROUGH 12. APPROXIMATELY 221 STUDENTS. THE SCHOOL QUALIFIES TO RECEIVE STUDENTS UNDER THE WISCONSIN PARENTAL CHOICE PROGRAM WHICH ALLOWS CERTAIN ELIGIBLE STUDENTS WITH FAMILY INCOME AT OR BELOW 220% OF THE FEDERAL POVERTY RATE TO RECEIVE FULL TUITION PAID BY THE STATE OF WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Gnan Administrato | Officer | 40 | $47,617 |
Adam Norlander Treasurer | OfficerTrustee | 2 | $0 |
Richard Hahn Vice-Chair | OfficerTrustee | 2 | $0 |
Kelli Grasse Secretary | OfficerTrustee | 2 | $0 |
Laura Herrmann Chair | OfficerTrustee | 2 | $0 |
Libby Macgillis Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $119,292 |
| Related organizations | $0 |
| Government grants | $31,217 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,413,898 |
| Noncash contributions included in lines 1a–1f | $3,536 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,564,407 |
| Total Program Service Revenue | $1,776,370 |
| Investment income | $194,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,368 |
| Net Gain/Loss on Asset Sales | $598,605 |
| Net Income from Fundraising Events | $105,369 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,276 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,258,002 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $48,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,322 |
| Compensation of current officers, directors, key employees. | $34,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,465,625 |
| Pension plan accruals and contributions | $113,844 |
| Other employee benefits | $370,058 |
| Payroll taxes | $52,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,437 |
| Fees for services: Accounting | $33,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,600 |
| Fees for services: Other | $56,950 |
| Advertising and promotion | $50,196 |
| Office expenses | $58,418 |
| Information technology | $95,402 |
| Royalties | $0 |
| Occupancy | $335,789 |
| Travel | $40,163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,197 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $656,520 |
| Insurance | $39,823 |
| All other expenses | $0 |
| Total functional expenses | $3,964,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,717 |
| Savings and temporary cash investments | $488,938 |
| Pledges and grants receivable | $208,085 |
| Accounts receivable, net | $233,679 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,120 |
| Prepaid expenses and deferred charges | $96,508 |
| Net Land, buildings, and equipment | $11,525,054 |
| Investments—publicly traded securities | $6,981,629 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,389,348 |
| Total assets | $21,130,078 |
| Accounts payable and accrued expenses | $203,936 |
| Grants payable | $41,650 |
| Deferred revenue | $425,984 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $49,105 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,050,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,770,675 |
| Net assets without donor restrictions | $11,260,330 |
| Net assets with donor restrictions | $4,099,073 |
| 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 | $21,130,078 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran High School Association Of The Greater Sheboygan Area Inc has recieved totaling $118.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $118 |
Endowment Analysis
| Beg. Balance | $8,652,250 |
| Earnings | -$1,126,272 |
| Admin Expense | $72,600 |
| Net Contributions | $63,380 |
| Other Expense | $450,000 |
| Grants | $41,800 |
| Ending Balance | $7,024,958 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Greenhills School Ann Arbor, MI | $38,781,499 | $17,943,367 |
Higher Ground Academy St Paul, MN | $14,123,889 | $16,161,479 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
North Lawndale College Preparatory Charter High School Chicago, IL | $2,962,197 | $11,158,791 |
Michigan High School Athletic Assn Inc East Lansing, MI | $9,673,954 | $13,683,517 |
Cotter Schools Winona, MN | $89,286,042 | $67,304,233 |
Chicago High School For The Arts Chicago, IL | $2,941,878 | $11,358,918 |
Illinois High School Association Bloomington, IL | $9,005,242 | $12,463,504 |
Yeshivas Kesser Yonah Chicago, IL | $9,411,885 | $10,390,976 |
Marshall School Duluth, MN | $17,596,979 | $9,866,357 |