Form 990 for tax year 2022
Filed by REDEEMER EVANGELICAL LUTHERAN CHURCH OF BURNSVILLE FOUNDATION.
Totals
- Total revenue
- $32,874
- Total expenses
- $9,054
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $32,874
- Other revenue
- $0
- Total assets, end of year
- $685,430
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $685,430
- Program services expenses (Part IX)
- $9,054
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,054
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
3 · Investment income
total $45,105 · related or exempt $45,105
-
7a · Gross sales of assets other than inventory
securities $160,709
-
7b · Less cost or other basis and sales expenses
securities $172,940
-
7c · Gain or loss
securities -$12,231
-
7d · Net gain or loss
total -$12,231 · related or exempt -$12,231
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $500 · program services $500
-
11f · Fees: investment management
total $7,211 · program services $7,211
-
13 · Office expenses
total $1,343 · program services $1,343
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,968 · end of year $5,126
-
11 · Investments: publicly traded securities
beginning of year $624,642 · end of year $650,304
-
12 · Investments: other securities
beginning of year $30,000 · end of year $30,000
-
31 · Retained earnings, endowment or other funds
beginning of year $661,610 · end of year $685,430
Mission and programs · 2022
Mission
TO PROMOTE CONFESSIONAL LUTHERAN THEOLOGY, RESEARCH, AND EDUCATION.
-
REDEEMER EVANGELICAL LUTHERAN CHURCH OF BURNSVILLE FOUNDATION (REDEEMER), SETS FORTH FOR THE PURPOSE OF PROMOTING CONFESSIONAL LUTHERAN THEOLOGY BY BEING ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUATIONAL, AND RELIGIOUS PURPOSES. REDEEMER WISHES TO ASSIST THOSE WHO ARE OVERLOOKED BY ESTABLISHED CONVENTIONAL RELIGIOUS ORGANIAZATIONS FOCUSING ON POPULAR OR SENSATIONAL PROJECTS. REDEEMER SEEKS TO ASSIST THOSE WHO ARE BEGINNING THEIR MINISTRY, STRUGGLING TO MAINTAIN AND/OR INDEPENDENTLY PROMOTING MISSION PROJECTS CONSISTENT WITH CONFESSIONAL LUTHERAN THEOLOGY. THESE INDIVIDUALS OR ENTITIES WILL INCLUDE BUT NOT BE LIMITED TO CHAPLAINS, SMALL CONGREGATIONS IN NEED OF A PASTOR, RADIO MINISTRY AND ASSISTING IN ESTABLISHING MISSIONS. REDEEMER WILL ACCOMPLISH THIS THROUGH CONDUCTING PROGRAMS TO EDUCATE AND ASSIST THOSE INDIVIDUALS OR ORGANIZATION BY PROVIDING FUNDING, IN ESSENCE GRANTS AND/OR OTHER DISTRIBUTIONS.
Expenses $9,054 · Revenue $32,874
As filed on the 2022 return.
Listed in Part VII
-
Kenneth KotheKENNETH KOTHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Dennis WaderichDENNIS WADERICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Ron SprengelerRON SPRENGELER
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Charles DeutschmannCHARLES DEUTSCHMANN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301359349317895
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