Form 990 for tax year 2022
Filed by OAK GROVE LUTHERAN HIGH SCHOOL FOUNDATION.
Totals
- Total revenue
- $300,468
- Total expenses
- $280,092
- Contributions and grants received
- $259,382
- Grants paid
- $232,000
- Program service revenue
- $0
- Investment income
- $23,036
- Other revenue
- $18,050
- Total assets, end of year
- $10,731,314
- Total liabilities, end of year
- $1,867,917
- Net assets or fund balances, end of year
- $8,863,397
- Program services expenses (Part IX)
- $280,092
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $280,092
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.
-
1f · All other contributions, gifts and grants
$259,382
-
3 · Investment income
total $8,253 · excluded $8,253
-
6a · Gross rents
real property $18,050
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $18,050
-
6d · Net rental income or loss
total $18,050 · excluded $18,050
-
7a · Gross sales of assets other than inventory
securities $257,000
-
7b · Less cost or other basis and sales expenses
securities $242,217
-
7c · Gain or loss
securities $14,783
-
7d · Net gain or loss
total $14,783 · excluded $14,783
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $232,000 · program services $232,000
-
11a · Fees: management
total $8,515 · program services $8,515
-
11b · Fees: legal
total $1,302 · program services $1,302
-
11c · Fees: accounting
total $12,407 · program services $12,407
-
16 · Occupancy
total $6,449 · program services $6,449
-
22 · Depreciation, depletion and amortization
total $6,950 · program services $6,950
-
24a · Other expenses: ANNUITY PAYMENTS
total $12,204 · program services $12,204
-
24b · Other expenses: HOSPITALITY
total $265 · program services $265
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $31,361 · end of year $19,574
-
2 · Savings and temporary cash investments
beginning of year $84,396 · end of year $356,484
-
5 · Loans and receivables from officers and key people
end of year $100
-
10a · Land, buildings and equipment: cost or other basis
$273,803
-
10b · Land, buildings and equipment: accumulated depreciation
$98,463
-
10c · Land, buildings and equipment, net
beginning of year $182,291 · end of year $175,340
-
11 · Investments: publicly traded securities
beginning of year $9,010,873 · end of year $10,179,816
-
17 · Accounts payable and accrued expenses
beginning of year $1,000 · end of year $0
-
25 · Other liabilities
beginning of year $1,313,458 · end of year $1,867,917
-
27 · Net assets without donor restrictions
beginning of year $957,938 · end of year $1,013,684
-
28 · Net assets with donor restrictions
beginning of year $7,036,525 · end of year $7,849,713
Mission and programs · 2022
Mission
PROVIDE TUITION ASSISTANCE TO OAK GROVE STUDENTS AND FINANCIAL SUPPORT FOR THE SCHOOL.
-
THE PRIMARY PURPOSE OF THE OAK GROVE LUTHERAN SCHOOL FOUNDATION IS TO RECEIVE AND MAINTAIN A FUND OR FUNDS OF REAL OR PERSONAL PROPERTY OR BOTH, AND TO USE OR APPLY THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES, INCLUDING SUCH PURPOSES AS MAY BE UNDERTAKEN, APPROVED OR SUPPORTED BY THE OAK GROVE LUTHERAN SCHOOL. IN 2021, THE FOUNDATION TRANSFERRED $224,000 FROM ITS ENDOWMENT POOL TO THE SCHOOL FOR TUITION AID. THE FOUNDATION TRANSFER ENABLED THE SCHOOL TO PROVIDE 24 ACADEMIC SCHOLARSHIPS AND 43 GRANTS TO STUDENTS OF OAK GROVE LUTHERAN SCHOOL.
Expenses $280,092 · Grants $232,000
As filed on the 2022 return.
Listed in Part VII
-
Corey MapleCOREY MAPLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zack DawsonZACK DAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Marilyn GuyDR MARILYN GUY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Scott KjosSCOTT KJOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Patrick ChaffeePATRICK CHAFFEE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Derek SunderlandDEREK SUNDERLAND
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
F John WilliamsF JOHN WILLIAMS
CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Brad DejongBRAD DEJONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Teresa HarlandTERESA HARLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Danielle PaulusDANIELLE PAULUS
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.3
-
Camille RomineCAMILLE ROMINE
DIRECTOR OF ACCOUNTING AND FINANCE
- Total calculated
- $60,000
- From this org
- $60,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6 + 55 related
-
Matthew HallawayMATTHEW HALLAWAY
CHIEF ADVANCEMENT OFFICER
- Total calculated
- $115,000
- From this org
- $115,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6 + 55 related
-
Bob OttersonBOB OTTERSON
PRESIDENT
- Total calculated
- $164,870
- From this org
- $164,870
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3 + 55 related
Schedule J breakdown matched by us
- Base
- $164,870
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $164,870
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
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
-
$232,000
SCHOOL TUITION AID AND FACULTY DEVELOPMENT
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.
-
501(C)(3) · ACADEMICS · ND
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
OAK GROVE FOUNDATION PROPERTIES LLC
PROPERTY MANAGEMENT · ND · income $18,050 · assets $194,914
Directly controlled by OAK GROVE LUTHERAN SCHOOL FOUNDTION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430589349300903
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