Oak Grove Lutheran High School Foundation

Organization Overview

Oak Grove Lutheran High School Foundation is located in Fargo, ND. The organization was established in 1992. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Oak Grove Lutheran High School Foundation generated $179.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $352.1k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE TUITION ASSISTANCE TO OAK GROVE STUDENTS AND FINANCIAL SUPPORT FOR THE SCHOOL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY PURPOSE OF THE OAK GROVE LUTHERAN SCHOOL FOUNDATION IS TO RECEIVE AND MAINTAIN A FUND OR FUNDS OF REAL OR PERSONAL PROPERTY OR BOTH, AND TO USE OR APPLY THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES, INCLUDING SUCH PURPOSES AS MAY BE UNDERTAKEN, APPROVED OR SUPPORTED BY THE OAK GROVE LUTHERAN SCHOOL. IN 2019, THE FOUNDATION TRANSFERRED $195,000 FROM ITS ENDOWMENT POOL TO THE SCHOOL FOR TUITION AID AND FACULTY DEVELOPMENT. THE FOUNDATION TRANSFER ENABLED THE SCHOOL TO PROVIDE 24 ACADEMIC SCHOLARSHIPS AND 43 GRANTS TO STUDENTS OF OAK GROVE LUTHERAN SCHOOL. DURING 2019 THE FOUNDATION ALSO TRANSFERRED $100,000 TO OAK GROVE LUTHERAN SCHOOL TO FUND NEEDED CLASSROOM RENOVATIONS AT ITS ELEMENTARY SCHOOL.


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Board, Officers & Key Employees

Name (title)Compensation
Patrick Chaffee
Vice Chair
$0
Scott Roller
Secretary
$0
Dan Bueide
Chair
$0
Derek Sunderland
Treasurer
$0
Errol Schoenfish
Secretary
$0
Matthew Hallaway
Chief Advancement Officer
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$110,933
Investment income $16,606
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $17,100
Net Gain/Loss on Asset Sales $34,868
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $179,507

Grants Awarded

Over the last fiscal year, Oak Grove Lutheran High School Foundation has awarded $295,000 in support to 2 organizations.

Grant RecipientAmount

OAK GROVE LUTHERAN SCHOOL

Org PageRecipient Profile

Fargo, ND

PURPOSE: SCHOOL TUITION AID AND FACULTY DEVELOPMENT

$195,000

OAK GROVE LUTHERAN SCHOOL

Org PageRecipient Profile

Fargo, ND

PURPOSE: CLASSROOM EXPANSION

$100,000
View Grant Profile

Endowment Analysis

Beg. Balance$5,805,949
Earnings$141,991
Admin Expense$21,023
Net Contributions$61,422
Grants$173,977
Ending Balance$5,814,362

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