Martin Luther Foundation Of Dover
- Assets
- $3.6m
- Revenue
- $344.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Dover, DE
- Founding
- 01/1993
- Data as of
- 06/2022
- EIN
- 51-0343096
Organization Overview
Martin Luther Foundation Of Dover is located in Dover, DE. The organization was established in 1993. 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. Martin Luther Foundation Of Dover 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 06/2022, Martin Luther Foundation Of Dover generated $344.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $41.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (40.7%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT APARTMENTS FOR THE ELDERLY IN DOVER, DE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND MAINTAIN LAUNDRY EQUIPMENT FOR USE BY THE ELDERLY TENANTS, AND PROVIDE OTHER SUPPORT SERVICES RELATED TO PROVIDING HOUSING FOR ELDERLY LOW INCOME TENANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Murphy President | OfficerTrustee | 2 | $0 |
Richard Foskett Vice President | OfficerTrustee | 2 | $0 |
Hazel M Partridge Secretary | OfficerTrustee | 2 | $0 |
Ron Morella Treasurer | OfficerTrustee | 2 | $0 |
Kimberly Mendoza Executive Director | Officer | 40 | $0 |
Barbara Impollonia Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $300,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,000 |
| Total Program Service Revenue | $54,802 |
| Investment income | $404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$11,237 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,554 |
| 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 | $200 |
| Fees for services: Accounting | $4,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $41,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,371,721 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,846 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,176 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,097,918 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,029,725 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,576,386 |
| Accounts payable and accrued expenses | $7,980 |
| 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 | $8,720 |
| Total liabilities | $16,700 |
| Net assets without donor restrictions | $3,559,686 |
| Net assets with donor restrictions | $0 |
| 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 | $3,576,386 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Martin Luther Foundation Of Dover has recieved totaling $350,000.
| Awarding Organization | Amount |
|---|---|
Lutheran Senior Services Of Dover Inc Dover, DE PURPOSE: FUTURE DEVELOPMENT OF HOUSING FOR ELDERLY LOW INCOME TENANTS | $350,000 |
Peer Organizations
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|---|---|---|
Disciplemakers Inc State College, PA | $2,971,948 | $5,867,999 |
General Council On Finance & Admins Of The United Methodist Church Allison Park, PA | $2,741,715 | $3,669,779 |
Black Rock Retreat Quarryville, PA | $10,750,251 | $3,252,262 |
Nj Onnuri Community Church Corp Fort Lee, NJ | $10,774,386 | $3,680,049 |
Ohr Hatorah Bergenfield, NJ | $360,051 | $2,967,951 |
Hope Of The World Inc Lodi, NJ | $12,182,148 | $5,479,130 |
Church Of Bible Understanding Scranton, PA | $14,969,053 | $1,769,760 |
Pittsburgh Kids Foundation Inc Pittsburgh, PA | $856,715 | $2,315,797 |
Asi Missions Inc Columbia, MD | $6,543,819 | $1,801,352 |
Christ Lutheran Church Foundation Inc Baltimore, MD | $8,846,381 | $738,726 |
Baltimore Yearly Meeting Of The Religious Society Of Friends Sandy Spring, MD | $5,573,222 | $2,381,749 |
United Seamens Service Inc Jersey City, NJ | $1,391,947 | $2,109,449 |