Totals
- Total revenue
- $113,226,481
- Total expenses
- $120,386,714
- Contributions and grants received
- $10,722,779
- Grants paid
- $51,226,844
- Program service revenue
- $94,629,525
- Investment income
- $5,645,063
- Other revenue
- $2,229,114
- Total assets, end of year
- $305,906,835
- Total liabilities, end of year
- $39,077,338
- Net assets or fund balances, end of year
- $266,829,497
- Program services expenses (Part IX)
- $108,156,220
- Management and general expenses
- $8,448,102
- Fundraising expenses
- $3,782,392
- Program service expenses (Part III)
- $108,156,220
Program services were 89.8% 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.
-
1c · Fundraising events
$9,100
-
1e · Government grants (contributions)
$1,185,660
-
1f · All other contributions, gifts and grants
$9,528,019
-
1g · Noncash contributions included above
$225,435
-
2a · Program service revenue: TUITION & FEES
total $75,198,833 · related or exempt $75,198,833
-
2b · Program service revenue: SALES & SERVICE AUXILL
total $17,446,678 · related or exempt $17,446,678
-
2c · Program service revenue: SALES & SERVICE EDUCAT
total $1,984,014 · related or exempt $1,984,014
-
3 · Investment income
total $4,637,019 · excluded $4,637,019
-
6a · Gross rents
real property $237,520
-
6b · Less rental expenses
real property $208,571
-
6c · Rental income or loss
real property $28,949
-
6d · Net rental income or loss
total $28,949 · excluded $28,949
-
7a · Gross sales of assets other than inventory
securities $3,861,350
-
7b · Less cost or other basis and sales expenses
securities $2,853,306
-
7c · Gain or loss
securities $1,008,044
-
7d · Net gain or loss
total $1,008,044 · excluded $1,008,044
-
8a · Fundraising events: gross income
$7,616
-
8a · Fundraising events: contributions included on line 1c
$9,100
-
8b · Fundraising events: direct expenses
$9,610
-
8c · Net income from fundraising events
total -$1,994 · excluded -$1,994
-
11a · Other revenue: FACILITY USAGE FEES
total $1,001,686 · excluded $1,001,686
-
11b · Other revenue: SUMMER PROGRAMS
total $563,021 · excluded $563,021
-
11c · Other revenue: MISCELLANEOUS REVENUE
total $349,636 · excluded $349,636
-
11d · All other revenue
total $287,816 · unrelated business -$18,965 · excluded $306,781
-
11e · Other revenue, total
$2,202,159
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $51,226,844 · program services $51,226,844
-
5 · Compensation of officers, directors and key employees
total $1,262,613 · program services $537,945 · management and general $559,276 · fundraising $165,392
-
6 · Compensation of disqualified persons
total $6,101 · management and general $6,101
-
7 · Other salaries and wages
total $26,705,205 · program services $22,031,726 · management and general $3,118,591 · fundraising $1,554,888
-
8 · Pension plan contributions
total $1,128,577 · program services $932,403 · management and general $136,174 · fundraising $60,000
-
9 · Other employee benefits
total $6,389,236 · program services $4,891,258 · management and general $1,075,344 · fundraising $422,634
-
10 · Payroll taxes
total $1,830,077 · program services $1,478,184 · management and general $233,757 · fundraising $118,136
-
11b · Fees: legal
total $49,087 · program services $11,592 · management and general $32,236 · fundraising $5,259
-
11c · Fees: accounting
total $88,000 · management and general $88,000
-
11f · Fees: investment management
total $122,617 · management and general $122,617
-
11g · Fees: other
total $2,351,641 · program services $1,330,118 · management and general $830,926 · fundraising $190,597
-
12 · Advertising and promotion
total $96,526 · program services $9,467 · management and general $86,663 · fundraising $396
-
13 · Office expenses
total $2,277,720 · program services $1,824,449 · management and general $333,375 · fundraising $119,896
-
14 · Information technology
total $105,377 · program services $25,753 · management and general $44,961 · fundraising $34,663
-
16 · Occupancy
total $3,272,138 · program services $3,146,948 · management and general $62,595 · fundraising $62,595
-
17 · Travel
total $3,754,431 · program services $3,453,916 · management and general $71,284 · fundraising $229,231
-
19 · Conferences, conventions and meetings
total $1,263,260 · program services $1,065,386 · management and general $71,577 · fundraising $126,297
-
20 · Interest
total $611,786 · program services $604,228 · management and general $3,779 · fundraising $3,779
-
22 · Depreciation, depletion and amortization
total $5,376,706 · program services $5,112,032 · management and general $66,168 · fundraising $198,506
-
23 · Insurance
total $746,665 · program services $303,785 · management and general $437,300 · fundraising $5,580
-
24a · Other expenses: DINING SERVICES
total $5,412,125 · program services $5,412,125
-
24b · Other expenses: EQUIP RENTAL/MAINTENANC
total $4,076,446 · program services $2,784,297 · management and general $870,074 · fundraising $422,075
-
24c · Other expenses: RESALEABLE MERCHANDISE
total $1,266,278 · program services $1,219,886 · management and general $23,196 · fundraising $23,196
-
24d · Other expenses: PROCESSING FEES
total $351,687 · program services $299,579 · management and general $19,517 · fundraising $32,591
-
24e · All other expenses
total $615,571 · program services $454,299 · management and general $154,591 · fundraising $6,681
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $44,608,231 · end of year $39,922,766
-
3 · Pledges and grants receivable
beginning of year $6,344,678 · end of year $2,496,654
-
4 · Accounts receivable
beginning of year $642,728 · end of year $502,858
-
7 · Other notes and loans receivable
beginning of year $1,507,057 · end of year $1,545,874
-
8 · Inventories for sale or use
beginning of year $526,411 · end of year $571,501
-
9 · Prepaid expenses and deferred charges
beginning of year $295,520 · end of year $163,445
-
10a · Land, buildings and equipment: cost or other basis
$198,947,318
-
10b · Land, buildings and equipment: accumulated depreciation
$142,274,306
-
10c · Land, buildings and equipment, net
beginning of year $60,261,577 · end of year $56,673,012
-
11 · Investments: publicly traded securities
beginning of year $131,549,743 · end of year $129,084,012
-
12 · Investments: other securities
beginning of year $59,628,230 · end of year $61,301,597
-
13 · Investments: program-related
beginning of year $3,128,691 · end of year $2,157,220
-
15 · Other assets
beginning of year $8,970,691 · end of year $11,487,896
-
17 · Accounts payable and accrued expenses
beginning of year $6,629,747 · end of year $7,471,514
-
18 · Grants payable
beginning of year $1,948,819 · end of year $889,151
-
19 · Deferred revenue
beginning of year $904,522 · end of year $1,017,637
-
20 · Tax-exempt bond liabilities
beginning of year $20,570,168 · end of year $19,208,303
-
21 · Escrow or custodial account liability
beginning of year $265,354 · end of year $248,489
-
25 · Other liabilities
beginning of year $10,738,346 · end of year $10,242,244
-
27 · Net assets without donor restrictions
beginning of year $89,800,602 · end of year $84,560,912
-
28 · Net assets with donor restrictions
beginning of year $186,605,999 · end of year $182,268,585
Mission and programs · 2022
Mission
FOUNDED BY THE NORWEGIAN EVANGELICAL LUTHERAN CHURCH IN 1861, LUTHER COLLEGE IS A FOUR-YEAR, RESIDENTIAL LIBERAL ARTS INSTITUTION. LUTHER WELCOMES STUDENTS OF ALL BACKGROUNDS TO ENGAGE IN A WAY OF LEARNING THAT MOVES BEYOND IMMEDIATE INTERESTS AND ENCOURAGES STUDENTS TO BUILD A LIFE OF CONSEQUENCE. AT THE HEART OF A LUTHER EDUCATION IS AN UNDERSTANDING OF THE WAY FAITH AND LEARNING INTERSECT AND IN TURN CONNECT STUDENTS TO THE LARGER WORLD. LUTHER OFFERS MORE THAN 80 MAJORS, MINORS, AND PREPROFESSIONAL PROGRAMS.
Activities or mission (Part I)
ON A CAMPUS OF MORE THAN 800 ACRES ALONG THE BANKS OF THE UPPER IOWA RIVER IN DECORAH, IOWA, LUTHER IS A TRUE RESIDENTIAL CAMPUS, WITH 97 PERCENT OF STUDENTS LIVING ON CAMPUS AND NEARLY 95 PERCENT OF FACULTY CHOOSING TO LIVE WITHIN FIVE MILES OF IT. LUTHER'S STUDENT BODY INCLUDES 1,593 MEN AND WOMEN (45 PERCENT AND 55 PERCENT, RESPECTIVELY) FROM 44 STATES AND 60 FOREIGN COUNTRIES. U.S. STUDENTS OF COLOR CONSTITUTE 13.1 PERCENT OF THE STUDENT BODY. APPROXIMATELY 70 PERCENT OF LUTHER STUDENTS VOLUNTEER DURING THEIR TIME HERE, EXHIBITING THE HIGH SERVICE ETHIC INTRINSIC TO LUTHER CULTURE. THE COLLEGE STRIVES TO BE A PLACE WHERE PEOPLE OF ALL CONVICTIONS CAN REALIZE PERSONAL, INTELLECTUAL, AND SPIRITUAL GROWTH.
-
INSTRUCTION: LUTHER OFFERS 39 MAJORS, 40 MINORS AND INTERDISCIPLINARY MINORS, AND 4 PREPROFESSIONAL AND SPECIFIC PROGRAMS. LUTHER'S SIGNATURE PAIDEIA PROGRAM, AN INTERDISCIPLINARY COURSE SERIES OFFERED FOR MORE THAN 45 YEARS, HELPS INTEGRATE LEARNING AND BUILDS COMMUNITY THROUGH SHARED ACADEMIC EXPERIENCE. THE COLLEGE'S MUSIC PROGRAM, IN WHICH STUDENTS TRAIN IN PERFORMANCE, CONDUCTING, COMPOSITION, AND EDUCATION, HAS FIVE CHOIRS, TWO BANDS, THREE ORCHESTRAS AND TWO JAZZ BANDS, MANY OF WHICH TOUR NATIONALLY AND INTERNATIONALLY. A VIBRANT OFF-CAMPUS STUDENT PROGRAM DRAWS APPROXIMATELY 66% OF STUDENTS TO STUDY ABROAD PRIOR TO GRADUATION. LUTHER HAS 139 FULL-TIME FACULTY (APPROXIMATLY 92 PERCENT WITH A TERMINAL DEGREE) AND A 11:1 STUDENT-FACULTY RATIO. TOTAL ENROLLMENT WAS 1,593 FTE STUDENTS IN THE FALL OF 2022. 389 STUDENTS GRADUATED IN THE 2022-23 ACADEMIC YEAR.
Expenses $77,497,227 · Grants $51,226,844 · Revenue $75,198,833
-
ACADEMIC SUPPORT AND STUDENT SERVICES: THE CENTER FOR ACADEMIC ENRICHMENT PROVIDES SERVICES, BASED ON BEST PRACTICES IN LEARNING ASSISTANCE, INCLUDING NEEDS ASSESSMENT, STUDENT-TO-STUDENT TUTORING, AND ONE-ON-ONE INSTRUCTION WITH PROFESSIONAL STAFF. IN COLLABORATION WITH FACULTY AND OTHER STAFF, CAE COORDINATES SPECIALIZED SERVICES FOR STUDENTS WITH DISABILITIES, MANAGES THE ACADEMIC ALERT SYSTEM, AND SUPPORTS INITIATIVES OF THE ADVISING PROGRAM. ACADEMIC ADVISING IS DONE BY FACULTY. RESEARCH AND TECHNOLOGY SUPPORT ARE PROVIDED THROUGH AN EXTENSIVE LIBRARY PROGRAM. THE COLLEGE HAS MORE THAN 100 STUDENT ORGANIZATIONS ALONG WITH COLLEGE MINISTRIES, HEALTH SERVICES, AND RECREATION AND WELLNESS PROGRAMS. APPROXIMATELY 66% OF STUDENTS ARE ENGAGED IN WORK STUDY TO SERVE THE LUTHER COMMUNITY, GAIN IMPORTANT WORK EXPERIENCE, AND EARN MONEY TOWARD EXPENSES.
Expenses $17,078,106 · Revenue $1,984,014
-
AUXILIARY ENTERPRISES: LUTHER COLLEGE MAINTAINS A RURAL RESIDENTIAL CAMPUS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENT BODY WITH ROOM AND BOARD PROGRAMS DESIGNED TO ENCOURAGE A SPIRIT OF COLLEGIALITY AND CONVERSATION BEYOND THE CLASSROOM AND LABORATORY. IN FALL 2022, LUTHER'S RESIDENCE HALLS HOUSED 1,518 STUDENTS OR 97% OF TOTAL FALL ENROLLMENT. 1,276 STUDENTS USED THE COLLEGE'S DINING SERVICE.
Expenses $13,123,312 · Revenue $17,446,678
-
PUBLIC SERVICE: OFFERINGS TO THE BROADER COMMUNITY INCLUDE A COLLEGE RADIO STATION, CONFERENCES AND SEMINARS, A PERFORMING ARTS SERIES AND A VARIETY OF PROGRAMS IN THE ARTS, ATHLETICS, SCIENCES, AND LEADERSHIP DEVELOPMENT FOR HIGH SCHOOL STUDENTS.
Expenses $176,530
-
RESEARCH: THE COLLEGE RECEIVES GRANTS FOR FACULTY/STUDENT RESEARCH COLLABORATION, PARTICULARLY IN THE SCIENCES. THE COLLEGE DEDICATES SPACE, RESOURCES, AND FACULTY TIME FOR COLLABORATIVE INVESTIGATION WITH STUDENTS. RESEARCH PROJECTS ACROSS THE CURRICULUM OCCUR DURING THE ACADEMIC YEAR AND IN THE SUMMER.
Expenses $281,045
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jenifer K WardJENIFER K WARD
PRESIDENT
- Total calculated
- $350,360
- From this org
- $294,631
- From related orgs
- $0
- Other
- $55,729
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $267,631
- Bonus
- $0
- Other
- $27,000
- Deferred
- $14,985
- Nontaxable benefits
- $40,744
- Filer's total
- $350,360
-
Bradley ChamberlainBRADLEY CHAMBERLAIN
VP FOR MISSION & COMMUNICATION
- Total calculated
- $208,620
- From this org
- $153,914
- From related orgs
- $0
- Other
- $54,706
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $132,850
- Bonus
- $0
- Other
- $21,064
- Deferred
- $8,101
- Nontaxable benefits
- $46,605
- Filer's total
- $208,620
-
Andrew BaileyANDREW BAILEY
VP FINANCE/ADMIN - OUTGOING
- Total calculated
- $183,244
- From this org
- $144,555
- From related orgs
- $0
- Other
- $38,689
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $137,094
- Bonus
- $0
- Other
- $7,461
- Deferred
- $7,968
- Nontaxable benefits
- $30,721
- Filer's total
- $183,244
-
Karen HuntKAREN HUNT
INTERIM ENROLLMENT CHIEF OF STAFF
- Total calculated
- $147,862
- From this org
- $141,443
- From related orgs
- $0
- Other
- $6,419
- Hours/week
- 45
-
Lynda SzymanskiLYNDA SZYMANSKI
PROVOST
- Total calculated
- $143,621
- From this org
- $119,315
- From related orgs
- $0
- Other
- $24,306
- Hours/week
- 45
-
Richard BernatzRICHARD BERNATZ
REGISTRAR
- Total calculated
- $130,199
- From this org
- $111,361
- From related orgs
- $0
- Other
- $18,838
- Hours/week
- 45
-
Laura BarlamentLAURA BARLAMENT
EXECUTIVE DIRECTOR OF STRATEGIC MARKETING AND COMM
- Total calculated
- $120,108
- From this org
- $104,804
- From related orgs
- $0
- Other
- $15,304
- Hours/week
- 45
-
Mary DuvallMARY DUVALL
VICE PRESIDENT FOR DEVELOPMENT
- Total calculated
- $74,850
- From this org
- $68,851
- From related orgs
- $0
- Other
- $5,999
- Hours/week
- 45
-
Robert ClayROBERT CLAY
CHEF EQUITY & INCLUSION OFFICER AND ASSISTANT
- Total calculated
- $57,105
- From this org
- $51,513
- From related orgs
- $0
- Other
- $5,592
- Hours/week
- 45
-
J Robert Paulson JrJ ROBERT PAULSON JR
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 5
-
Shannon DuvalSHANNON DUVAL
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 5
-
Ann LeonANN LEON
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Jeffrey AndersonJEFFREY ANDERSON
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Wendy DavidsonWENDY DAVIDSON
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Willie DavismckennieWILLIE DAVISMCKENNIE
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Peter EspinosaPETER ESPINOSA
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Chris GadeCHRIS GADE
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Allen GreenALLEN GREEN
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Katherine Johnson-BecklinKATHERINE JOHNSON-BECKLIN
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Sandee JoppaSANDEE JOPPA
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Dr Mark V LarsonDR MARK V LARSON
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Felix MalpicaFELIX MALPICA
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Michael OsterholmMICHAEL OSTERHOLM
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Connie PlaehnCONNIE PLAEHN
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Alessandro RanioloALESSANDRO RANIOLO
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Corey SchmidtCOREY SCHMIDT
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Anjela ShuttsANJELA SHUTTS
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
James A Thomsen JrJAMES A THOMSEN JR
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Chinyere UkabialaCHINYERE UKABIALA
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Lance Vander LindenLANCE VANDER LINDEN
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Leah VriesmanLEAH VRIESMAN
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Dr Liang Chee WeeDR LIANG CHEE WEE
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
James YoungJAMES YOUNG
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Dennis FlatnessDENNIS FLATNESS
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Vanessa FrazierVANESSA FRAZIER
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
David NorrisDAVID NORRIS
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Susan SorlienSUSAN SORLIEN
REGENT
- Total calculated
- $0
- Hours/week
- 5
-
Diane ThormodsgardDIANE THORMODSGARD
REGENT
- Total calculated
- $0
- Hours/week
- 5
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
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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 1A
- LUTHER COLLEGE PROVIDES A HOUSE, CLEANING SERVICE AND UTILITIES FOR THE PRESIDENT OF THE COLLEGE. THESE BENEFITS ARE LISTED IN THE WRITTEN COMPENSATION POLICY FOR THE COLLEGE AND ARE ALSO IN THE WRITTEN EMPLOYMENT CONTRACT OF THE PRESIDENT. THE HOUSING AND UTILITIES ARE NOT TREATED AS TAXABLE COMPENSATION BECAUSE THE PRESIDENT'S HOUSE IS USED FOR COLLEGE BUSINESS AND MEETINGS TO BUILD RELATIONSHIPS WITH PROSPECTIVE DONORS TO THE COLLEGE.
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
No itemized grants to organizations on this return.
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.
-
LUTHER COLLEGE WIND ENERGY PROJECT LLC
PRODUCTION OF ELECTRICITY · IA · income $0 · assets $0
Directly controlled by LUTHER COLLEGE VENTURES INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
LUTHER COLLEGE VENTURES INC
C · HOLDING COMPANY · IA · 100% owned · share of income $175,159 · share of assets $1,036,503 · controlled entity
-
CHARITABLE REMAINDER UNITRUSTS (31)
T · TRUST · IA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410719349301361
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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