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← LUTHER HOUSE OF STUDY

Form 990 for tax year 2024

Filed by LUTHER HOUSE OF STUDY.

Totals

Total revenue
$1,636,096
Total expenses
$847,098
Contributions and grants received
$1,614,153
Grants paid
$10,135
Program service revenue
$600
Investment income
$21,343
Other revenue
$0
Total assets, end of year
$1,357,882
Total liabilities, end of year
$8,327
Net assets or fund balances, end of year
$1,349,555
Program services expenses (Part IX)
$736,587
Management and general expenses
$96,734
Fundraising expenses
$13,777
Program service expenses (Part III)
$736,587

Program services were 87.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,614,153

  • 2a · Program service revenue: COURSE WORK INCOME

    total $600 · related or exempt $600

  • 3 · Investment income

    total $15,074 · excluded $15,074

  • 7a · Gross sales of assets other than inventory

    securities $6,269

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

    securities $0

  • 7c · Gain or loss

    securities $6,269

  • 7d · Net gain or loss

    total $6,269 · excluded $6,269

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,135 · program services $10,135

  • 5 · Compensation of officers, directors and key employees

    total $275,320 · program services $227,139 · management and general $34,415 · fundraising $13,766

  • 7 · Other salaries and wages

    total $121,875 · program services $121,875

  • 8 · Pension plan contributions

    total $13,866 · program services $13,866

  • 9 · Other employee benefits

    total $6,269 · program services $6,269

  • 10 · Payroll taxes

    total $293 · program services $254 · management and general $28 · fundraising $11

  • 11f · Fees: investment management

    total $3,240 · management and general $3,240

  • 11g · Fees: other

    total $55,466 · management and general $55,466

  • 12 · Advertising and promotion

    total $35,713 · program services $35,713

  • 13 · Office expenses

    total $5,340 · program services $5,340

  • 14 · Information technology

    total $1,360 · program services $1,360

  • 17 · Travel

    total $28,832 · program services $28,832

  • 23 · Insurance

    total $3,585 · management and general $3,585

  • 24a · Other expenses: PROGRAM CONTENT

    total $281,937 · program services $281,937

  • 24b · Other expenses: HOSPITALITY

    total $3,867 · program services $3,867

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $206,908 · end of year $549,626

  • 2 · Savings and temporary cash investments

    end of year $300,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,776 · end of year $2,623

  • 11 · Investments: publicly traded securities

    beginning of year $365,358 · end of year $503,633

  • 14 · Intangible assets

    end of year $2,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,523 · end of year $8,327

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $555,519 · end of year $1,349,555

Mission and programs · 2024

Mission

GROUNDED IN LUTHERAN THEOLOGY, WE STRENGTHEN LUTHERAN LEADERSHIP AND MINISTRIES FOR THE PROCLAMATION OF THE GOSPEL.

Activities or mission (Part I)

STRENGTHENING LUTHERAN LEADERSHIP AND MINISTRIES.

  • WE EDUCATE FUTURE MINISTRY STUDENTS AND LAY LEADERS, AND WE SUPPORT CURRENT MINISTRY PROFESSIONALS THROUGH CLASSES, ONE TIME CONFERENCE EVENTS, AND WEEKLY PODCASTS. 140+ PASTORS SUPPORTED; 95 CURRENT STUDENTS BEING TRAINED TO BE PASTORS; 150+ LAY LEADER PARTICIPANTS; ON AVERAGE 700-1000 WEEKLY PODCAST LISTENERS

    Expenses $736,587 · Grants $10,135 · Revenue $600

As filed on the 2024 return.

Listed in Part VII

  • Ryan Gage

    CHAIR & TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Miriam Broin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • Christopher Croghan

    SECRETARY/CHIEF ACADEMIC OFFICER

    Total calculated
    $125,664
    From this org
    $62,007
    From related orgs
    $0
    Other
    $63,657
    Hours/week
    40

  • Robert O'Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Sarah Stenson

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $125,663
    From this org
    $66,503
    From related orgs
    $0
    Other
    $59,160
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 March 2025
IRS schema version
2024v5.0
Source object
202530769349301443

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