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Nonprofiteer
← LSS FOUNDATION INC

Form 990 for tax year 2023

Filed by LSS FOUNDATION INC.

Totals

Total revenue
$1,422,075
Total expenses
$1,742,657
Contributions and grants received
$340,407
Grants paid
$1,285,066
Program service revenue
$0
Investment income
$1,081,668
Other revenue
$0
Total assets, end of year
$32,356,035
Total liabilities, end of year
$5,143
Net assets or fund balances, end of year
$32,350,892
Program services expenses (Part IX)
$1,285,066
Management and general expenses
$355,469
Fundraising expenses
$102,122
Program service expenses (Part III)
$1,285,066

Program services were 73.7% 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.

  • 1a · Federated campaigns

    $37,830

  • 1d · Related organizations

    $66,298

  • 1f · All other contributions, gifts and grants

    $236,279

  • 3 · Investment income

    total $746,655 · unrelated business $8,535 · excluded $738,120

  • 7a · Gross sales of assets other than inventory

    securities $6,632,956

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

    securities $6,297,943

  • 7c · Gain or loss

    securities $335,013

  • 7d · Net gain or loss

    total $335,013 · excluded $335,013

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,285,066 · program services $1,285,066

  • 7 · Other salaries and wages

    total $115,695 · management and general $44,978 · fundraising $70,717

  • 8 · Pension plan contributions

    total $314 · management and general $314

  • 9 · Other employee benefits

    total $11,980 · management and general $3,594 · fundraising $8,386

  • 10 · Payroll taxes

    total $11,173 · management and general $4,171 · fundraising $7,002

  • 11a · Fees: management

    total $102,068 · management and general $102,068

  • 11b · Fees: legal

    total $1,298 · management and general $1,298

  • 11c · Fees: accounting

    total $17,349 · management and general $17,349

  • 11f · Fees: investment management

    total $149,356 · management and general $149,356

  • 11g · Fees: other

    total $24,862 · management and general $14,962 · fundraising $9,900

  • 13 · Office expenses

    total $23,496 · management and general $17,379 · fundraising $6,117

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,648,075 · end of year $1,250,580

  • 4 · Accounts receivable

    beginning of year $30,854 · end of year $15,471

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,401 · end of year $3,401

  • 11 · Investments: publicly traded securities

    beginning of year $21,982,230 · end of year $26,820,715

  • 12 · Investments: other securities

    beginning of year $4,380,392 · end of year $4,265,868

  • 15 · Other assets

    beginning of year $153,488 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,500 · end of year $5,143

  • 27 · Net assets without donor restrictions

    beginning of year $25,270,403 · end of year $28,059,239

  • 28 · Net assets with donor restrictions

    beginning of year $3,913,537 · end of year $4,291,653

Mission and programs · 2023

Mission

SUPPORTING THE TAX EXEMPT PURPOSE OF LUTHERAN SOCIAL SERVICES OF WISCONSIN AND UPPER MICHIGAN, INC.

  • LSS FOUNDATION, INC. IS ORGANIZED AND OPERATED TO SOLICIT AND MANAGE CONTRIBUTIONS FOR THE BENEFIT OF LUTHERAN SOCIAL SERVICES OF WISCONSIN AND UPPER MICHIGAN, INC. (LSS). ALL PROGRAM EXPENDITURES ARE MADE IN FURTHERANCE OF PROVIDING FUNDING FOR PROGRAMS AND CLIENTS OF LSS.

    Expenses $1,285,066 · Grants $1,285,066

As filed on the 2023 return.

Listed in Part VII

  • David C Boerke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • A William Huelsman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Sara Maio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Catrena Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Margaret Paur

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Patricia Wesner

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3

  • George Roth

    VICE CHAIR & SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • John Schaller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Robert Shepard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • John Silseth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mark Van Genderen

    TREASURER

    Total calculated
    $0
    Hours/week
    3

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

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
7 November 2024
IRS schema version
2023v5.1
Source object
202443139349301604

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