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Nonprofiteer
← CHRIST LUTHERAN CHURCH FOUNDATION INC

Form 990 for tax year 2023

Filed by CHRIST LUTHERAN CHURCH FOUNDATION INC.

Totals

Total revenue
$340,564
Total expenses
$404,617
Contributions and grants received
$0
Grants paid
$372,000
Program service revenue
$0
Investment income
$340,564
Other revenue
$0
Total assets, end of year
$8,009,510
Total liabilities, end of year
$1,654
Net assets or fund balances, end of year
$8,007,856
Program services expenses (Part IX)
$372,000
Management and general expenses
$32,617
Fundraising expenses
$0
Program service expenses (Part III)
$372,000

Program services were 91.9% 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 $235,096 · excluded $235,096

  • 7a · Gross sales of assets other than inventory

    securities $1,054,278 · other assets $13,565

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

    securities $962,375

  • 7c · Gain or loss

    securities $91,903 · other assets $13,565

  • 7d · Net gain or loss

    total $105,468 · related or exempt $105,468

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $372,000 · program services $372,000

  • 11c · Fees: accounting

    total $4,900 · management and general $4,900

  • 11f · Fees: investment management

    total $22,255 · management and general $22,255

  • 24a · Other expenses: TAXES - OTHER

    total $5,447 · management and general $5,447

  • 24b · Other expenses: BOARD MEETINGS

    total $15 · management and general $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $136,928 · end of year $193,762

  • 7 · Other notes and loans receivable

    end of year $760,000

  • 11 · Investments: publicly traded securities

    beginning of year $7,175,529 · end of year $7,055,748

  • 25 · Other liabilities

    beginning of year $9,155 · end of year $1,654

  • 27 · Net assets without donor restrictions

    beginning of year $7,303,302 · end of year $8,007,856

Mission and programs · 2023

Mission

TO FOSTER AND PROMOTE THE CHARITABLE AND RELIGIOUS ACTIVITIES OF CHRIST LUTHERAN CHURCH OF BALTIMORE CITY, MARYLAND.

  • FOSTER AND PROMOTE THE CHARITABLE AND RELIGIOUS ACTIVITIES OF CHRIST LUTHERAN CHURCH OF BALTIMORE CITY, MARYLAND, INCLUDING MINISTRY TO THE DISADVANTAGED, EDUCATION, AND WORSHIP.

    Expenses $372,000 · Grants $372,000

As filed on the 2023 return.

Listed in Part VII

  • Amsalu Geleta

    PRESIDENT

    Total calculated
    $0

  • Nadine Knoche

    VICE PRESIDE

    Total calculated
    $0

  • Tim Fisher

    SECRETARY

    Total calculated
    $0

  • Bruce Kirby

    TREASURER

    Total calculated
    $0

  • Doug Nazarian

    DIRECTOR

    Total calculated
    $0

  • Rufus Lusk

    DIRECTOR

    Total calculated
    $0

  • Paul Erbes

    DIRECTOR

    Total calculated
    $0

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
8 October 2024
IRS schema version
2023v5.0
Source object
202412899349301826

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