Lutheran High School Association Of Greater Milwaukee Foundation
- Assets
- $5.4m
- Revenue
- $2.0m
- Investments
- $363.8k
- Employees
- 0
- Location
- West Allis, WI
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 46-1316300
Organization Overview
Lutheran High School Association Of Greater Milwaukee Foundation is located in West Allis, WI. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Lutheran High School Association Of Greater Milwaukee Foundation 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 06/2021, Lutheran High School Association Of Greater Milwaukee Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 26.3% per year over the past 6 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
LHSAGMF IS THE ONLY ORGANIZATION PROVIDING VISION, FUNDING, ACCOUNTABILITY AND OPERATIONAL EFFICIENCIES FOR THREE CULTURALLY DISTINCT LUTHERAN HIGH SCHOOLS TO ENSURE THAT THEY HAVE THE RESOURCES TO DISCIPLE STUDENTS, OFFER COMPETITIVE ACADEMIC PROGRAMS, SIGNIFICANT ARTS, AND ATHLETIC OPPORTUNITIES, AND EQUIP THE NEXT GENERATION OF SERVANT LEADERS FOR THE CHURCH AND SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LUTHERAN HIGH SCHOOL ASSOCIATION OF GREATER MILWAUKEE FOUNDATION (LHSAGMF) PROVIDES VISION, FUNDING, AND ACCOUNTABILITY FOR THREE CULTURALLY DISTINCT LUTHERAN HIGH SCHOOLS TO ENSURE THEY HAVE THE RESOURCES TO PROVIDE EXCEPTIONAL EXPERIENCES IN THE AREAS OF SPIRITUAL DEVELOPMENT, ACADEMICS, ATHLETICS, AND THE ARTS. FUNDING IS USED PRIMARILY TO SUPPORT STUDENT AID AND CAPITAL IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Barbieri Chairman | OfficerTrustee | 1 | $0 |
Cole Braun President | OfficerTrustee | 1 | $0 |
Kyle Hanson Treasurer | OfficerTrustee | 1 | $0 |
Andrew Locke Director | Trustee | 1 | $0 |
Doug Braun Director | Trustee | 1 | $0 |
Joel Waltersdorf Lhsagm Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $491,799 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,079,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,591,672 |
| Total Program Service Revenue | $0 |
| Investment income | $469,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$82,572 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,981,394 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,922 |
| Fees for services: Other | $74,000 |
| Advertising and promotion | $0 |
| Office expenses | $26,077 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $372 |
| All other expenses | $20 |
| Total functional expenses | $1,064,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,442 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $151,413 |
| Accounts receivable, net | $19,456 |
| 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 | $20,521 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,338,922 |
| Investments—other securities | $363,812 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $104,773 |
| Total assets | $5,415,339 |
| Accounts payable and accrued expenses | $180,338 |
| Grants payable | $0 |
| Deferred revenue | $57,305 |
| 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 | $237,643 |
| Net assets without donor restrictions | $1,402,922 |
| Net assets with donor restrictions | $3,774,774 |
| 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 | $5,415,339 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran High School Association Of Greater Milwaukee Foundation has recieved totaling $36,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $36,000 |
Endowment Analysis
| Beg. Balance | $2,553,476 |
| Earnings | $76,532 |
| Net Contributions | $500,000 |
| Ending Balance | $3,130,008 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |
North Central States Regional Council Of Carpenters Trng Fund Eau Claire, WI | $10,404,488 | $4,232,713 |
Sme Education Foundation Southfield, MI | $34,257,056 | $11,054,523 |
Sand County Foundation Inc Madison, WI | $15,482,706 | $6,154,396 |
Jocotoco Conservation Foundation Chicago, IL | $1,868,451 | $2,719,939 |