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← LUTHERAN SOCIAL SERVICES OF SOUTH DAKOTA FOUNDATION INC

Form 990 for tax year 2023

Filed by LUTHERAN SOCIAL SERVICES OF SOUTH DAKOTA FOUNDATION INC.

Totals

Total revenue
$2,650,178
Total expenses
$294,180
Contributions and grants received
$2,387,100
Grants paid
$265,056
Program service revenue
$0
Investment income
$263,078
Other revenue
$0
Total assets, end of year
$7,903,446
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,903,446
Program services expenses (Part IX)
$265,056
Management and general expenses
$29,124
Fundraising expenses
$0
Program service expenses (Part III)
$265,056

Program services were 90.1% 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.

  • 1f · All other contributions, gifts and grants

    $2,387,100

  • 3 · Investment income

    total $184,529 · excluded $184,529

  • 7a · Gross sales of assets other than inventory

    securities $2,116,825

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

    securities $2,038,276

  • 7c · Gain or loss

    securities $78,549

  • 7d · Net gain or loss

    total $78,549 · excluded $78,549

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $265,056 · program services $265,056

  • 11f · Fees: investment management

    total $29,114 · management and general $29,114

  • 24e · All other expenses

    total $10 · management and general $10

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,853 · end of year $168,714

  • 11 · Investments: publicly traded securities

    beginning of year $5,140,841 · end of year $7,725,424

  • 15 · Other assets

    beginning of year $9,158 · end of year $9,308

  • 27 · Net assets without donor restrictions

    beginning of year $5,085,414 · end of year $5,622,703

  • 28 · Net assets with donor restrictions

    beginning of year $71,438 · end of year $2,280,743

Mission and programs · 2023

Mission

THE LUTHERAN SOCIAL SERVICES OF SOUTH DAKOTA FOUNDATION, INC. IS ORGANIZED TO EXPRESS OUR HERITAGE OF CHRISTIAN FAITH AND SERVICE THROUGH SUPPORT OF THE PROGRAMS AND ACTIVITIES OF LSS OF SD. THE FOUNDATION ACTIVELY SEEKS, RECEIVES, AND MANAGES GIFTS SO THE INCOME FROM THOSE GIFTS CAN PROVIDE A PERPETUAL STATEMENT OF THE DONOR'S FAITH AND MAINTAIN A SECURE FINANCIAL BASE TO PROMOTE WHOLENESS FOR ALL PEOPLE SERVED BY THE AGENCY.

Activities or mission (Part I)

GENERATE FUNDING FOR LUTHERAN SOCIAL SERVICES OF SOUTH DAKOTA.

  • GENERATE FUNDING FOR LUTHERAN SOCIAL SERVICES OF SOUTH DAKOTA WHICH PROVIDES SOCIAL SERVICES FOR PEOPLE OF ALL AGES, RACES, FAITHS, AND ECONOMIC LEVELS THROUGHOUT THE STATE OF SOUTH DAKOTA.

    Expenses $265,056 · Grants $265,056

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Curt Hohman

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kathy McHenry

    VICE CHAIR & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ron Hegge

    BOARD MEMBER (UNTIL DEC 2023)

    Total calculated
    $0
    Hours/week
    1

  • Allan Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Duffy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Erik Ustad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Kiesow-Knudsen

    PRESIDENT-CEO

    Total calculated
    $158,981
    From this org
    $0
    From related orgs
    $126,411
    Other
    $32,570
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,411 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,072 related
    Nontaxable benefits
    $0 + $28,509 related
    Filer's total
    $0 + $158,992 related

  • Nathan Beyer

    VP FINANCE & SUPPORT SERVICES

    Total calculated
    $119,971
    From this org
    $0
    From related orgs
    $86,481
    Other
    $33,490
    Hours/week
    1 + 45 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FOUNDATION RELIED ON THE RELATED ORGANIZATION, LUTHERAN SOCIAL SERVICES OF SOUTH DAKOTA, FOR DETERMINING THE COMPENSATION FOR THE PRESIDENT/CEO USING THE METHODS DESCRIBED IN PART I, LINE 3.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
21 February 2025
IRS schema version
2023v6.0
Source object
202530649349301243

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