Lutheran Educational Conf Of North America
- Assets
- $572.1k
- Revenue
- $203.8k
- Investments
- $564.6k
- Employees
- 0
- Location
- Cedarburg, WI
- Founding
- 12/1958
- Data as of
- 06/2022
- EIN
- 53-0239626
Organization Overview
Lutheran Educational Conf Of North America is located in Cedarburg, WI. The organization was established in 1958. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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 Educational Conf Of North America 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, Lutheran Educational Conf Of North America generated $203.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $244.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) 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
THE MISSION OF THE LUTHERAN EDUCATIONAL CONFERENCE OF NORTH AMERICA IS TO BE AN INFORMED VOICE OF LUTHERAN HIGHER EDUCATION AND AN ACTIVE AND EFFECTIVE STANDARD-BEARER FOR NORTH AMERICAN CHURCH-RELATED HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR ASPIRING PRESIDENTS OF LUTHERAN COLLEGES & UNIVERSITIES
CONNECT LUTHERAN COLLEGE LEADERS TO DISCUSS AND RESOLVE ISSUES IN LUTHERAN HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Gaschk Director Of | Trustee | 1 | $25,000 |
Jennifer Ward Secretary/tr | OfficerTrustee | 1 | $0 |
Stephanie Herseth Sandlin Board Member | OfficerTrustee | 1 | $0 |
Don Christian Chair | OfficerTrustee | 1 | $0 |
Mark Wilhelm Board Member | OfficerTrustee | 1 | $0 |
Michael Thomas Board Member | OfficerTrustee | 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 | $24,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,500 |
| Total Program Service Revenue | $149,400 |
| Investment income | $29,887 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,787 |
| 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. | $25,000 |
| Compensation of current officers, directors, key employees. | $5,000 |
| 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 | $8,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,200 |
| Office expenses | $106 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,494 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $244,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,492 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $564,605 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $572,097 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $572,097 |
| 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 | $572,097 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Educational Conf Of North America has recieved totaling $9,851.
| Awarding Organization | Amount |
|---|---|
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: GENERAL SUPPORT | $9,851 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The International Education Of Students Chicago, IL | $83,294,554 | $91,386,482 |
Ecmc Education Inc Minneapolis, MN | $8,920,568 | $59,276,530 |
Higher Learning Commission Chicago, IL | $30,215,357 | $14,566,348 |
Best Academy Inc Minneapolis, MN | $10,985,443 | $14,343,198 |
Lincoln Christian University Lincoln, IL | $26,403,234 | $11,063,987 |
Leech Lake Tribal College Cass Lake, MN | $13,791,510 | $6,377,712 |
Puritan Reformed Theological Seminary Grand Rapids, MI | $13,368,431 | $7,247,093 |
Wisconsin Association Of Independent Colleges And Universit Madison, WI | $20,602,047 | $4,896,137 |
Institute For American Universities Batavia, IL | $0 | $2,168,286 |
Ascendium Education Group Inc Madison, WI | $2,297,580,826 | $30,305,077 |
Illini Media Company Champaign, IL | $660,510 | $954,260 |
Grand Valley University Foundation Allendale, MI | $3,517,597 | $1,567,995 |