Lutheran News
- Assets
- $3.6m
- Revenue
- $418.7k
- Investments
- $0.0
- Employees
- 8
- Location
- New Haven, MO
- Founding
- 11/1964
- Data as of
- 12/2021
- EIN
- 43-0796480
Organization Overview
Lutheran News is located in New Haven, MO. The organization was established in 1964. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Lutheran News employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran News 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, Lutheran News generated $418.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $391.3k during the year ending 12/2021. While expenses have increased by 4.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLISH A CHRISTIAN NEWSPAPER TO SPREAD THE GOSPEL MESSAGE OF JESUS CHRIST AND ALSO KEEP INFORMED OF THE RELIGIOUS WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISH,PRINT AND MAIL A WEEKLY NEWSPAPER AND SUPPORTING BOOKS.
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 |
|---|---|---|---|
Ruth Rethemeyer Vice President | Officer | 0 | $24,274 |
Kerri Otten Secretary | Officer | 0 | $478 |
Randy Hill President | Officer | 0 | $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 | $139,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,427 |
| Total Program Service Revenue | $32,818 |
| Investment income | $158,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $87,969 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $418,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $24,752 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,478 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,714 |
| Payroll taxes | $5,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,851 |
| Office expenses | $1,029 |
| Information technology | $9,087 |
| Royalties | $506 |
| Occupancy | $13,865 |
| Travel | $1,252 |
| 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 | $9,408 |
| Total functional expenses | $391,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4,689 |
| Savings and temporary cash investments | $55,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $79,761 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $742,448 |
| Investments—publicly traded securities | $2,652,839 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,636 |
| Total assets | $3,553,988 |
| Accounts payable and accrued expenses | $48,739 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $48,739 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,886,957 |
| Paid-in or capital surplus, or land, building, or equipment fund | $525,178 |
| Retained earnings, endowment, accumulated income, or other funds | $93,114 |
| Total liabilities and net assets/fund balances | $3,553,988 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Church Of The Brethren Benefit Trust Inc Elgin, IL | $509,755,287 | $50,694,165 |
Kanakuk Ministries Branson, MO | $43,790,256 | $23,660,219 |
Relevant Radio Inc Lincolnshire, IL | $100,083,301 | $30,552,688 |
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Josiah Venture Nfp Wheaton, IL | $16,890,117 | $13,544,001 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
Alpha Usa Naperville, IL | $4,051,813 | $10,198,645 |
Wesley Village Inc Macomb, IL | $11,643,378 | $8,896,317 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |
Outreach Foundation Of The Presbyterian Church Inc Franklin, TN | $10,682,704 | $9,066,746 |
Doulos Ministries Inc Independence, MO | $17,094,809 | $7,030,778 |