Skip to content
Nonprofiteer
← CALIFORNIA LUTHERAN EDUCATIONAL FOUNDATION

Form 990 for tax year 2024

Filed by CALIFORNIA LUTHERAN EDUCATIONAL FOUNDATION.

Totals

Total revenue
$80,762
Total expenses
$31,075
Contributions and grants received
$0
Grants paid
$28,820
Program service revenue
$0
Investment income
$80,762
Other revenue
$0
Total assets, end of year
$3,238,603
Total liabilities, end of year
$2,121,718
Net assets or fund balances, end of year
$1,116,885
Program services expenses (Part IX)
$28,820
Management and general expenses
$2,255
Fundraising expenses
$0
Program service expenses (Part III)
$28,820

Program services were 92.7% 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 $13,187 · excluded $13,187

  • 7a · Gross sales of assets other than inventory

    securities $566,901

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

    securities $499,326

  • 7c · Gain or loss

    securities $67,575

  • 7d · Net gain or loss

    total $67,575 · excluded $67,575

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,820 · program services $28,820

  • 11f · Fees: investment management

    total $2,255 · management and general $2,255

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $25,118 · end of year $26,860

  • 11 · Investments: publicly traded securities

    beginning of year $2,509,037 · end of year $2,542,720

  • 12 · Investments: other securities

    beginning of year $632,810 · end of year $669,023

  • 25 · Other liabilities

    beginning of year $2,155,538 · end of year $2,121,718

  • 27 · Net assets without donor restrictions

    beginning of year $33,771 · end of year $37,401

  • 28 · Net assets with donor restrictions

    beginning of year $977,656 · end of year $1,079,484

Mission and programs · 2024

Mission

THE MISSION OF THE CALIFORNIA LUTHERAN EDUCATION FOUNDATION IS TO MARKET, ADMINISTER AND PROVIDE TRUSTEESHIP FOR CALIFORNIA LUTHERAN UNIVERSITY'S PLANNED GIVING, CHARITABLE TRUST AND ANNUITY PROGRAMS.

Activities or mission (Part I)

THE MISSION OF CLEF IS TO MARKET, ADMINISTER, AND PROVIDE TRUSTEESHIP FOR CLU'S PLANNED GIVING, TRUST AND ANNUITY PROGRAMS.

  • PLANNED GIVING, CHARITABLE TRUST & GIFT ANNUITY PROGRAMS.

    Expenses $28,820 · Grants $28,820

As filed on the 2024 return.

Listed in Part VII

  • Nunes John A

    BOARD MEMBER

    Total calculated
    $264,084
    From this org
    $0
    From related orgs
    $263,221
    Other
    $863
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,825 related
    Bonus
    $0
    Other
    $0 + $6,396 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $863 related
    Filer's total
    $0 + $264,084 related

  • Baumhefner Linda

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Gilbert Rod

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Hill Laureen

    BOARD MEMBER (THRU 11/24)

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Ogbechie Nkem

    BOARD MEMBER (THRU 11/24)

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Krantz William

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Papageorge Debra

    BOARD MEMBER (THRU 11/24)

    Total calculated
    $0
    Hours/week
    0.3

  • Jones Kenneth

    BOARD MEMBER (AS OF 01/25)

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Biddings-Muro Regina

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $248,476
    From this org
    $0
    From related orgs
    $237,149
    Other
    $11,327
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,981 related
    Bonus
    $0
    Other
    $0 + $3,168 related
    Deferred
    $0 + $1,927 related
    Nontaxable benefits
    $0 + $9,400 related
    Filer's total
    $0 + $248,476 related

  • Ysasi Richard

    TREASURER (THRU 11/24)

    Total calculated
    $235,685
    From this org
    $0
    From related orgs
    $232,088
    Other
    $3,597
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,003 related
    Bonus
    $0
    Other
    $0 + $1,085 related
    Deferred
    $0 + $2,028 related
    Nontaxable benefits
    $0 + $1,569 related
    Filer's total
    $0 + $235,685 related

  • Pfahler Ellen

    ASSISTANT TREASURER

    Total calculated
    $183,765
    From this org
    $0
    From related orgs
    $165,372
    Other
    $18,393
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,517 related
    Bonus
    $0
    Other
    $0 + $1,855 related
    Deferred
    $0 + $4,325 related
    Nontaxable benefits
    $0 + $14,068 related
    Filer's total
    $0 + $183,765 related

  • Arnold Joel

    CHIEF OPERATING OFFICER

    Total calculated
    $84,019
    From this org
    $0
    From related orgs
    $71,892
    Other
    $12,127
    Hours/week
    0.3 + 40 related

  • Fahnestock Brian

    TREASURER (AS OF 01/25)

    Total calculated
    $0
    Hours/week
    0.3 + 40 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 A RELATED ORGANIZATION THAT USED ONE OR MORE OF THE METHODS DESCRIBED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
10 April 2026
IRS schema version
2024v5.5
Source object
202621049349301857

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.