Labri Fellowship Foundation
- Assets
- $1.7m
- Revenue
- $875.7k
- Investments
- $0.0
- Employees
- 17
- Location
- Rochester, MN
- Founding
- 01/1958
- Data as of
- 12/2022
- EIN
- 51-6017949
Organization Overview
Labri Fellowship Foundation is located in Rochester, MN. The organization was established in 1958. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Labri Fellowship Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Labri Fellowship 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 12/2022, Labri Fellowship Foundation generated $875.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
THE PROMOTION OF CHRISTIANITY THROUGH THE SUPPORT AND ENCOURAGEMENT OF ACTIVE MISSIONARIES THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
L'ABRI PROMOTED CHRISTIANITY TO 485 STUDENTS AND HELD CONFERENCES THROUGHOUT 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Mcgregor Trustee | Trustee | 50 | $10,960 |
Robb Ludwick President | OfficerTrustee | 2 | $0 |
James Paul Trustee | Trustee | 2 | $0 |
Henk Reitsema Treasurer | OfficerTrustee | 2 | $0 |
Clarke Scheibe Secretary | OfficerTrustee | 2 | $0 |
Richard Bradford Trustee | Trustee | 50 | $20,946 |
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 | $541,897 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $541,897 |
| Total Program Service Revenue | $288,358 |
| Investment income | $6,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,894 |
| 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 | -$323 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $875,721 |
| 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. | $110,124 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,034 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,380 |
| Payroll taxes | $90,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,976 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,676 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $37,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,601 |
| Travel | $24,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,229 |
| Interest | $6,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,887 |
| Insurance | $70,508 |
| All other expenses | $12,212 |
| Total functional expenses | $1,012,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,580 |
| Savings and temporary cash investments | $490,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,480 |
| 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 | $3,090 |
| Net Land, buildings, and equipment | $804,495 |
| Investments—publicly traded securities | $392,807 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,922 |
| Total assets | $1,720,155 |
| Accounts payable and accrued expenses | $81,159 |
| 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 | $146,336 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $227,495 |
| Net assets without donor restrictions | $1,252,259 |
| Net assets with donor restrictions | $240,401 |
| 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 | $1,720,155 |
Grants Awarded
Over the last fiscal year, Labri Fellowship Foundation has awarded $80,560 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHBROUGH OPEN LAND FOUNDATION INC PURPOSE: LAND CONSERVATION AND TRAIL USAGE | $65,560 |
EBENEZER TRUST PURPOSE: OPERATIONAL ASSISTANCE | $15,000 |