Lutheran Music Program
- Assets
- $4.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Minneapolis, MN
- Founding
- 12/1981
- Data as of
- 09/2024
- EIN
- 47-0638445
Organization Overview
Lutheran Music Program is located in Minneapolis, MN. The organization was established in 1981. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2024, Lutheran Music Program employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Music Program 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 09/2024, Lutheran Music Program generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $1.5m during the year ending 09/2024. While expenses have increased by 5.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
LUTHERAN MUSIC PROGRAM TRANSFORMS LIVES AND CONNECTS PEOPLE THROUGH FAITH AND MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUTHERAN MUSIC PROGRAM OPERATES LUTHERAN SUMMER MUSIC, THE NATIONAL LUTHERAN HIGH SCHOOL MUSIC CAMP. LUTHERAN SUMMER MUSIC (LSM) IS THE NATION'S PREMIERE FAITH-BASED MUSIC ACADEMY FOR HIGH SCHOOL STUDENTS. IN ADDITION TO ADVANCED MUSICAL INSTRUCTION AND NUMEROUS PERFORMANCE OPPORTUNITIES, LSM STUDENTS FORM AN INTENTIONAL COMMUNITY, LIVING TOGETHER FOR FOUR WEEKS ON A LUTHERAN COLLEGE CAMPUS. SINCE 1981, THIS UNIQUE AND IMMERSIVE PROGRAM HAS GUIDED THE LIVES OF YOUNG MUSICIANS, WHO CREDIT LSM AS THE STARTING PLACE FOR THEIR FUTURE CAREERS AND VOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Wilke Secretary | OfficerTrustee | 1 | $0 |
Michael Rickman Chair | OfficerTrustee | 1 | $0 |
Elizabeth Drotning Hartwell Vice Chair | OfficerTrustee | 1 | $0 |
Thomas Bandar Executive Director | OfficerTrustee | 40 | $126,377 |
Karin Swenson-Moore Treasurer | OfficerTrustee | 2 | $0 |
Linda Kempke Board Member | Trustee | 1 | $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 | $1,742,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,742,571 |
| Total Program Service Revenue | $366,276 |
| Investment income | $142,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $524,528 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,775,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $116,346 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,317 |
| Compensation of current officers, directors, key employees. | $25,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,301 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,435 |
| Payroll taxes | $25,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,296 |
| Fees for services: Other | $13,501 |
| Advertising and promotion | $0 |
| Office expenses | $27,377 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,380 |
| 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 | $1,433 |
| Insurance | $8,643 |
| All other expenses | $86,881 |
| Total functional expenses | $1,527,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,038 |
| Savings and temporary cash investments | $696,946 |
| Pledges and grants receivable | $317,107 |
| Accounts receivable, net | $0 |
| 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 | $1,324 |
| Net Land, buildings, and equipment | $1,759 |
| Investments—publicly traded securities | $3,680,266 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,424 |
| Total assets | $4,805,864 |
| Accounts payable and accrued expenses | $37,673 |
| Grants payable | $0 |
| Deferred revenue | $17,850 |
| 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 | $55,523 |
| Net assets without donor restrictions | $1,039,306 |
| Net assets with donor restrictions | $3,711,035 |
| 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 | $4,805,864 |