Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $37,545

• 1c · Fundraising events

  $23,136

• 1d · Related organizations

  $200,000

• 1f · All other contributions, gifts and grants

  $973,128

• 2a · Program service revenue: GOVERNMENT CONTRACTS

  total $3,779,460 · related or exempt $3,779,460

• 2b · Program service revenue: PROGRAM REVENUE

  total $41,062 · related or exempt $41,062

• 3 · Investment income

  total $72,691 · excluded $72,691

• 7a · Gross sales of assets other than inventory

  other assets $725

• 7b · Less cost or other basis and sales expenses

  other assets $11,291

• 7c · Gain or loss

  other assets -$10,566

• 7d · Net gain or loss

  total -$10,566 · excluded -$10,566

• 8a · Fundraising events: gross income

  $14,434

• 8a · Fundraising events: contributions included on line 1c

  $23,136

• 8b · Fundraising events: direct expenses

  $21,192

• 8c · Net income from fundraising events

  total -$6,758 · excluded -$6,758

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $2,048,353 · program services $1,779,515 · management and general $268,838

• 9 · Other employee benefits

  total $204,553 · program services $158,845 · management and general $41,765 · fundraising $3,943

• 10 · Payroll taxes

  total $158,514 · program services $122,362 · management and general $32,172 · fundraising $3,980

• 11f · Fees: investment management

  total $9,147 · management and general $9,147

• 11g · Fees: other

  total $267,038 · program services $114,524 · management and general $81,925 · fundraising $70,589

• 12 · Advertising and promotion

  total $10,767 · program services $5,714 · management and general $1,758 · fundraising $3,295

• 13 · Office expenses

  total $224,893 · program services $162,146 · management and general $27,312 · fundraising $35,435

• 14 · Information technology

  total $5,967 · program services $894 · management and general $1,605 · fundraising $3,468

• 16 · Occupancy

  total $359,125 · program services $330,684 · management and general $25,703 · fundraising $2,738

• 17 · Travel

  total $134,454 · program services $118,910 · management and general $7,257 · fundraising $8,287

• 19 · Conferences, conventions and meetings

  total $11,729 · program services $7,843 · management and general $2,160 · fundraising $1,726

• 22 · Depreciation, depletion and amortization

  total $22,409 · program services $11,100 · management and general $11,309

• 23 · Insurance

  total $56,148 · program services $34,253 · management and general $20,672 · fundraising $1,223

• 24a · Other expenses: SPECIFIC ASSISTANCE

  total $1,072,449 · program services $1,071,902 · management and general $313 · fundraising $234

• 24b · Other expenses: ALLOCATED MANAGEMENT EX

  total $756,030 · management and general $756,030

• 24c · Other expenses: TELEPHONE

  total $56,451 · program services $35,737 · management and general $20,025 · fundraising $689

• 24e · All other expenses

  total $23,678 · program services $23,153 · management and general $525

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $615,486

• 2 · Savings and temporary cash investments

  beginning of year $767,528 · end of year $139,814

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $401,000

• 4 · Accounts receivable

  beginning of year $447,523 · end of year $649,038

• 9 · Prepaid expenses and deferred charges

  beginning of year $28,124 · end of year $170

• 10a · Land, buildings and equipment: cost or other basis

  $1,711,015

• 10b · Land, buildings and equipment: accumulated depreciation

  $55,521

• 10c · Land, buildings and equipment, net

  beginning of year $1,682,557 · end of year $1,655,494

• 11 · Investments: publicly traded securities

  beginning of year $682,443 · end of year $980,814

• 15 · Other assets

  beginning of year $109,844 · end of year $1,914,550

• 17 · Accounts payable and accrued expenses

  beginning of year $813,120 · end of year $348,882

• 19 · Deferred revenue

  beginning of year $109,424 · end of year $26,676

• 25 · Other liabilities

  beginning of year $76,647 · end of year $4,170,748

• 27 · Net assets without donor restrictions

  beginning of year $2,718,828 · end of year $1,299,060

• 28 · Net assets with donor restrictions

  end of year $511,000

The filer's explanations (Part III)

PART I, LINE 3

THE COMPENSATION OF THE PRESIDENT & CEO OF LUTHERAN CHILD AND FAMILY SERVICES IS DETERMINED USING A COMPENSATION COMMITTEE AND COMPENSATION SURVEYS OR STUDIES AND IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY IN AN EXECUTIVE SESSION DURING THE FALL OR WINTER BOARD MEETING. THIS BOARD IS NOT COMPRISED OF ANY EMPLOYEES. IT IS THE POLICY OF THE FOUNDATION TO PAY WAGES AND SALARIES WHICH ARE COMPETITIVE WITH OTHER SOCIAL SERVICES ORGANIZATIONS WITH SIMILAR SCOPE AND SERVICES IN THE COMMUNITY. THE COMPENSATION FOR THE OFFICERS OF THE FOUNDATION IS ESTABLISHED BY THE PRESIDENT & CEO OF LUTHERAN CHILD AND FAMILY SERVICES.