Civic Intelligence

Immanuel Lutheran Church Endowment Foundation Inc.

990 • Fiscal year 2023 • EIN 23-7016862

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 19, 2024

1021 Spaight StMadison, WI 53703-3505

(608) 257-5401

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

47th percentile

3.5%

Faster asset growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-60%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,165,015

Up $39,196 (+3.5%) from 2022

Net Assets

Up

$1,165,015

Up $39,196 (+3.5%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$101,878

Down $151,198 (-60%) from 2022

Expenses

Down

$62,682

Down $18,614 (-23%) from 2022

Net Income

Down

$39,196

Down $132,584 (-77%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2015: $583,298Liabilities 2015: $0Net Assets 2015: $583,2982015Assets 2016: $611,327Liabilities 2016: $0Net Assets 2016: $611,3272016Assets 2017: $648,059Liabilities 2017: $0Net Assets 2017: $648,0592017Assets 2018: $759,915Liabilities 2018: $0Net Assets 2018: $759,9152018Assets 2019: $834,901Liabilities 2019: $0Net Assets 2019: $834,9012019Assets 2020: $1,003,210Liabilities 2020: $0Net Assets 2020: $1,003,2102020Assets 2021: $954,039Liabilities 2021: $0Net Assets 2021: $954,0392021Assets 2022: $1,125,819Liabilities 2022: $0Net Assets 2022: $1,125,8192022Assets 2023: $1,165,015Liabilities 2023: $0Net Assets 2023: $1,165,0152023Assets 2024: $1,751,042Liabilities 2024: $3,267Net Assets 2024: $1,747,7752024

Highlighted filing

2023

Assets$1,165,015
Liabilities$0
Net Assets$1,165,015

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2015: $38,782Expenses 2015: $36,301Net Income 2015: $2,4812015Revenue 2016: $80,389Expenses 2016: $51,654Net Income 2016: $28,7352016Revenue 2017: $61,106Expenses 2017: $24,374Net Income 2017: $36,7322017Revenue 2018: $137,507Expenses 2018: $25,651Net Income 2018: $111,8562018Revenue 2019: $101,398Expenses 2019: $25,912Net Income 2019: $75,4862019Revenue 2020: $199,437Expenses 2020: $31,128Net Income 2020: $168,3092020Revenue 2021: $206,909Expenses 2021: $256,080Net Income 2021: -$49,1712021Revenue 2022: $253,076Expenses 2022: $81,296Net Income 2022: $171,7802022Revenue 2023: $101,878Expenses 2023: $62,682Net Income 2023: $39,1962023Revenue 2024: $76,857Expenses 2024: $90,561Net Income 2024: -$13,7042024

Highlighted filing

2023

Revenue$101,878
Expenses$62,682
Net Income$39,196
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 19, 2024
Return Version
2023v5.1
Gross Receipts
$278,270
Mission and Program Overview

Mission

Our mission is to support the activities of immanuel lutheran church in madison, wisconsin, and to support other charitable causes in our area.

Supporting organization of immanuel lutheran church in madison, wisconsin.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,097,466$1,148,549▲ $51,083
Cash and Non-Interest-Bearing Accounts$14,602$8,071▼ $6,531
Savings and Temporary Cash Investments$9,751$4,395▼ $5,356
Inventories for Sale or Use$4,000$4,000→ $0
Total Assets$1,125,819$1,165,015▲ $39,196
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$592,891$592,891→ $0
Net Assets Without Donor Restrictions$532,928$572,124▲ $39,196
Total Net Assets Fund Balance$1,125,819$1,165,015▲ $39,196
Total Liabilities and Net Assets / Fund Balance$1,125,819$1,165,015▲ $39,196

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$570,491---$570,491
2022$570,491---$570,491
2021$570,491---$570,491
2020$570,491---$570,491
2019$570,491---$570,491
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ronald PerkinsPresident
Larry BorchertVice President
Angelika PaulTrustee
Frank IwenTrustee
Justin KirchenTrustee Through July
Bonnie PerkinsSecretary
Jeff FedorowiczTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$58,209
Program Service Revenue
$0
Investment Income
$43,669
Other Revenue
$0
All Other Contributions
$58,209
Change in Net Assets
$39,196
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$52,601
Other Expenses$10,081
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$52,601--$52,601
Fees for Service Investment Mgmnt Fees-$4,792-$4,792
Fees for Services Legal-$2,765-$2,765
Fees for Services Accounting-$2,270-$2,270
Other Expenses-$229-$229
Office Expenses-$25-$25
Total Functional Expenses$52,601$10,081$0$62,682
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Immanuel Lutheran ChurchMadison, WI501(c)(3)Support General Expenses and Construction Work$47,601
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Ronald perkins and bonnie perkins have a family relationship.

Form 990, Part VI, Section A, Line 4

The articles of incorporation and bylaws were amended during 2023. The changes included the following: purpose and mission statement were amended, see form 990, part iii, line 1. Dissolution or liquidation of immanuel lutheran church - the foundation would become a stand-alone foundation and support missouri lutheran churches and other charitable organizations in the madison, wisconsin area. Dissolution or liquidation of the foundation - the assets and properties of the foundation would be assigned and turned over to a madison, wisconsin based foundation of long standing. Board composition - all members shall be members of good standing of the south wisconsin district of the lutheran church missouri synod, with preference for a member of immanuel lutheran church's congregation.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The prepared form 990 is reviewed and approved by the president and the treasurer before the return is filed with the irs.

Form 990, Part VI, Section C, Line 19

The foundation's governing documents and financial statements are available to the public at the church's office upon request. The foundation does not have a conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Immanuel Lutheran Church Endowment
EIN
23-7016862
Phone
6082575401
Address
1021 SPAIGHT ST, MADISON, WI 53703-3505

Signing Officer

Name
Ronald Perkins
Title
President
Phone
6082575401
Signed
2024-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald Perkins
Formed
1969
Legal Domicile
Wi
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Mike Hablewitz CPA
Phone
6082744020
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Investment income from the endowment funds is used to support the activities of immanuel lutheran church in madison, wisconsin, and to support other charitable causes in our area.

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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0570491
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0570491
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0570491
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INVESTMENT INCOME FROM THE ENDOWMENT FUNDS IS USED TO SUPPORT THE ACTIVITIES OF IMMANUEL LUTHERAN CHURCH IN MADISON, WISCONSIN, AND TO SUPPORT OTHER CHARITABLE CAUSES IN OUR AREA.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt047601
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT GENERAL EXPENSES AND CONSTRUCTION WORK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0IMMANUEL LUTHERAN CHURCH
IRS990ScheduleI/RecipientTable/RecipientEIN0390829531
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01021 SPAIGHT ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MADISON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0537033505
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAKES GRANTS TO THE IMMANUEL LUTHERAN CHURCH TO AID WITH UTILITIES AND OTHER EXPENSES. IF THE CHURCH HAS A SPECIFIC FUNDING NEED, THE CHURCH PROVIDES A WRITTEN REQUEST TO THE ORGANIZATION. THE REQUEST IS DISCUSSED AND VOTED UPON BY THE ORGANIZATION'S GOVERNING BODY. IN ADDITION, THE BOARD MAY OCCASIONALLY APPROVE A GRANT TO SUPPORT EXEMPT ORGANIZATIONS IN OUR COMMUNITY. FUNDS ARE NOT MONITORED ONCE THE GRANTS ARE DISBURSED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RONALD PERKINS AND BONNIE PERKINS HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ARTICLES OF INCORPORATION AND BYLAWS WERE AMENDED DURING 2023. THE CHANGES INCLUDED THE FOLLOWING: PURPOSE AND MISSION STATEMENT WERE AMENDED, SEE FORM 990, PART III, LINE 1. DISSOLUTION OR LIQUIDATION OF IMMANUEL LUTHERAN CHURCH - THE FOUNDATION WOULD BECOME A STAND-ALONE FOUNDATION AND SUPPORT MISSOURI LUTHERAN CHURCHES AND OTHER CHARITABLE ORGANIZATIONS IN THE MADISON, WISCONSIN AREA. DISSOLUTION OR LIQUIDATION OF THE FOUNDATION - THE ASSETS AND PROPERTIES OF THE FOUNDATION WOULD BE ASSIGNED AND TURNED OVER TO A MADISON, WISCONSIN BASED FOUNDATION OF LONG STANDING. BOARD COMPOSITION - ALL MEMBERS SHALL BE MEMBERS OF GOOD STANDING OF THE SOUTH WISCONSIN DISTRICT OF THE LUTHERAN CHURCH MISSOURI SYNOD, WITH PREFERENCE FOR A MEMBER OF IMMANUEL LUTHERAN CHURCH'S CONGREGATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT AND THE TREASURER BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE CHURCH'S OFFICE UPON REQUEST. THE FOUNDATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IMMANUEL LUTHERAN CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0390829531
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 1
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01165015
IRS990/TotalAssetsGrp/BOYAmt01125819
IRS990/TotalAssetsGrp/EOYAmt01165015
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt058209
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010081
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt052601
IRS990/TotalFunctionalExpensesGrp/TotalAmt062682
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01125819
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01165015
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt052601
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt043669
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0101878
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01125819
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01165015
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01021 SPAIGHT ST
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IRS990/USAddress/ZIPCd0537033505
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RONALD PERKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06082575401
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMMANUEL LUTHERAN CHURCH ENDOWMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0IMMA
ReturnHeader/Filer/EIN0237016862
ReturnHeader/Filer/PhoneNum06082575401
ReturnHeader/Filer/USAddress/AddressLine1Txt01021 SPAIGHT ST
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0537033505
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEGNER CPAS LLP

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