Siebert Lutheran Foundation Inc
- Assets
- $94.0m
- Revenue
- $3.0m
- Investments
- $90.1m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/1955
- Data as of
- 12/2022
- EIN
- 39-6050046
Organization Overview
Siebert Lutheran Foundation Inc is located in Milwaukee, WI. The organization was established in 1955. 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. Siebert Lutheran 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 12/2022, Siebert Lutheran Foundation Inc generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $6.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Siebert Lutheran Foundation Inc has awarded 399 individual grants totaling $18,522,267. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte John-Gomez President | 40 | $203,250 | |
Dr Joan M Prince Board Chair | 4 | $13,750 | |
Dr Emily Van Dunk Vice-Chair & Secretary | 4 | $12,000 | |
Kurtiss R Krueger Treasurer | 4 | $13,750 | |
Thomas J Kammerait Director | 2 | $12,000 | |
Deni D Naumann Director | 2 | $13,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prudential Trust Company | 12/30/23 | $96,278 |
Newton Investment Management North America Llc | 12/30/23 | $91,775 |
Cliftonlarsonallen Llp | 12/30/23 | $83,789 |
Brenda Moore And Associates Llc | 12/30/23 | $55,513 |
Mercer | 12/30/23 | $51,116 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $209,756 |
| Interest on Savings | $28 |
| Dividends & Interest | $1,530,342 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $807,555 |
| Capital Gain Net Income | $807,555 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $493,774 |
| Total Revenue | $3,041,455 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $430,052 |
| Other employee salaries and wages | $448,169 |
| Pension plans, employee benefits | $172,545 |
| Interest | $0 |
| Taxes | $2,945 |
| Depreciation | $12,854 |
| Occupancy | $74,393 |
| Travel, conferences, and meetings | $29,649 |
| Printing and publications | $0 |
| Other expenses | $392,638 |
| Total operating and administrative expenses | $2,078,095 |
| Contributions, gifts, grants paid | $4,240,977 |
| Total expenses and disbursements | $6,319,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,108,038 |
| Net Accounts receivable | $100,000 |
| Net Pledges Receivable | $1,500 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $148,509 |
| Net Investments - land, buildings, equipment | $293,966 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $195,708 |
| Total assets | $93,978,925 |
| Accounts payable and accrued expenses | $112,018 |
| Grants payable | $688,822 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $362,430 |
| Total liabilities | $1,163,270 |
Grants Awarded
Over the last fiscal year, Siebert Lutheran Foundation Inc has awarded $4,497,576 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
ATONEMENT LUTHERAN CHURCH PURPOSE: THE HEALING NETWORK PROJECT | $25,000 |
ATK MINISTRY INC PURPOSE: STUDIO FURNITURE OR AIR CONDITIONING, LAPTOPS, INNOVATIVE PROGRAMS | $21,060 |
ADULT LITERACY CENTER OF OZAUKEE COUNTY PURPOSE: GENERAL OPERATING SUPPORT | $100 |
ALL PEOPLES CHURCH PURPOSE: NEIGHBORHOOD MINISTER, YOUTH PROGRAM, OPERATING SUPPORT | $55,000 |
BEAUTIFUL SAVIOR LUTHERAN CHURCH PURPOSE: KOP'S PARK KIDS AND YOUTH OUTREACH | $10,000 |
BENEDICTION LUTHERAN CHURCH PURPOSE: COMMUNITY MINISTER | $20,000 |