EIN 41-1746301

Luther Seminary Foundation

Name: Luther Seminary Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Saint Paul

State

Minnesota

Year formed

1991

Most recent tax filings

2023-06-01

NTEE code, primary

B43: University or Technological Institute

Description

The Luther Seminary Foundation funds scholarships and educational support, facilitating accessible theological education for future church leaders dedicated to serving communities of faith.

Total revenues

$1,112,908

2023

Total expenses

$1,270,040

2023

Total assets

$33,424,619

2023

Num. employees

2023

Program areas at Luther Seminary Foundation

Educational program support:the Foundation gave $402,306 to Luther Seminary to support the expenses of a chaired position within the Seminary and other educational support. Student aid:the Foundation gave $707,469 to Luther Seminary for the purpose of financial assistance to Seminary students.

Grants made by Luther Seminary Foundation

Grantee	Grant description	Grant year	Amount
Luther Seminary	Educational Support and Financial Assistance for Students	2023-06	$402,306

Who funds Luther Seminary Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Carl and Aune Lind Family Foundation	2022-12	General	$25,000

Personnel at Luther Seminary Foundation

Name	Title	Compensation	Date of data
John Coskran	Vice President of Finance and Administration	$0	2024-04-10
Michael Morrow	Vice President of Finance and Treasurer / Treasurer / Vice President of Finance and Administration	$0	2022-06-30
Heidi Droegmueller	Executive Director	$0	2023-06-30
Dean Gruner	Seminary Relations Chair	$0	2024-10-01
Ladd Bjorneby	Vice Chair , Foundation	$0	2024-10-01
...and 7 more key personnel

Financials for Luther Seminary Foundation

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$1,003,599	$404,117	148.3%
Program services	$0	$0	-
Investment income and dividends	$-647,294	$387,444	-267.1%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$756,603	$284,974	165.5%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$1,112,908	$1,076,535	3.4%

Form 990s for Luther Seminary Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-04-10	990	View PDF
2022-06	2023-05-15	990	View PDF
2021-06	2022-05-16	990	View PDF
2020-06	2021-04-05	990	View PDF
2019-06	2020-02-04	990	View PDF
...and 9 more Form 990s

Organizations like Luther Seminary Foundation

Organization	Type	Location	Revenue
Mississippi University for Women Foundation	501(c)(3)	Columbus, MS	$5,473,408
Concordia University Wisconsin Foundation	501(c)(3)	Mequon, WI	$4,709,247
Washington University of Virginia (WUV)	501(c)(3)	Annandale, VA	$2,448,959
Holy Spirit College	501(c)(3)	Atlanta, GA	$329,766
The Woodlands Methodist Church Foundation	501(c)(3)	The Woodlands, TX	$686,715
New Orleans Baptist Seminary Foundation	501(c)(3)	New Orleans, LA	$1,667,417
Cook Native American Ministries Foundation	501(c)(3)	Tempe, AZ	$620,433
Instituto Biblico Rio Grande (RGBI)	501(c)(3)	Edinburg, TX	$4,535,722
The Immanuel Lutheran Church Foundation of Seymour Indiana	501(c)(3)	Seymour, IN	$575,932
The Franklin Academy / St Paul's Academy	501(c)(3)	Bellingham, WA	$4,948,719

Data update history

October 1, 2024

Updated personnel

Identified 4 new personnel

May 20, 2024

Posted financials

Added Form 990 for fiscal year 2023

May 19, 2024

Updated personnel

Identified 1 new personnel

May 18, 2024

Used new vendors

Identified 1 new vendor, including

August 19, 2023

Received grants

Identified 1 new grant, including a grant for $25,000 from Carl and Aune Lind Family Foundation

Nonprofit Types

SchoolsHeadquarter / parent organizationsCharities

Issues

Education

Characteristics

ReligiousChristianProvides grantsOperates internationallyEndowed supportProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 2481 Como Ave; Saint Paul, MN 55108
Metro area: Minneapolis-St. Paul-Bloomington, MN-WI
County: Ramsey County, MN
Website URL: luthersem.edu/
Phone: (651) 641-3456

IRS details

EIN: 41-1746301
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1991
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: B43: University or Technological Institute
NAICS code, primary: 813110: Religious Organizations
Parent/child status: Central organization

California AB-488 details

AB 488 status: Not Operating or In Process of Dissolving
Charity Registration status: Withdrawn
FTB status revoked: Not revoked
AG Registration Number: CT0233110
FTB Entity ID: None yet
AB 488 data last updated ("as-of") date: 2024-11-20

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Luther Seminary Foundation

Program areas at Luther Seminary Foundation

Grants made by Luther Seminary Foundation

Who funds Luther Seminary Foundation

Personnel at Luther Seminary Foundation

Financials for Luther Seminary Foundation

Form 990s for Luther Seminary Foundation

Organizations like Luther Seminary Foundation

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