Civic Intelligence

Waldorf Lutheran College Foundation Inc.

990 • Fiscal year 2017 • EIN 27-4358184

Jun 01, 2016 to May 31, 2017 • Filed on Jul 10, 2017

Organization ProfileWWW.WALDORFFOUNDATION.ORG
116 East I StreetForest City, IA 50436

(641) 585-8142

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

96th percentile

77%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

89th percentile

40%

Faster asset growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

149%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$3,933,558

Up $1,128,030 (+40%) from 2016

Net Assets

Up

$3,933,558

Up $1,128,030 (+40%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin96th percentile

Revenue

Up

$1,201,479

Up $719,551 (+149%) from 2016

Expenses

Down

$273,420

Down $17,121 (-5.9%) from 2016

Net Income

Up

$928,059

Up $736,672 (+385%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$30M$20M$10M$0Assets 2013: $2,044,273Liabilities 2013: $0Net Assets 2013: $2,044,2732013Assets 2014: $2,516,044Liabilities 2014: $0Net Assets 2014: $2,516,0442014Assets 2015: $2,690,438Liabilities 2015: $0Net Assets 2015: $2,690,4382015Assets 2016: $2,805,528Liabilities 2016: $0Net Assets 2016: $2,805,5282016Assets 2017: $3,933,558Liabilities 2017: $0Net Assets 2017: $3,933,5582017Assets 2018: $4,251,505Liabilities 2018: $0Net Assets 2018: $4,251,5052018Assets 2019: $4,562,980Liabilities 2019: $0Net Assets 2019: $4,562,9802019Assets 2020: $4,793,384Liabilities 2020: $0Net Assets 2020: $4,793,3842020Assets 2021: $5,794,759Liabilities 2021: $0Net Assets 2021: $5,794,7592021Assets 2022: $6,080,607Liabilities 2022: $85,168Net Assets 2022: $5,995,4392022Assets 2023: $27,762,158Liabilities 2023: $12,311,729Net Assets 2023: $15,450,4292023Assets 2024: $27,600,248Liabilities 2024: $10,240,671Net Assets 2024: $17,359,5772024

Highlighted filing

2017

Assets$3,933,558
Liabilities$0
Net Assets$3,933,558
Open 2017 Filing

Operations Trend

Revenue Growth95th percentile

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

$30M$20M$10M$0Expenses 2013: $109,7912013Revenue 2014: $705,466Expenses 2014: $233,695Net Income 2014: $471,7712014Revenue 2015: $582,643Expenses 2015: $391,970Net Income 2015: $190,6732015Revenue 2016: $481,928Expenses 2016: $290,541Net Income 2016: $191,3872016Revenue 2017: $1,201,479Expenses 2017: $273,420Net Income 2017: $928,0592017Revenue 2018: $700,281Expenses 2018: $345,741Net Income 2018: $354,5402018Revenue 2019: $743,672Expenses 2019: $361,630Net Income 2019: $382,0422019Revenue 2020: $365,532Expenses 2020: $158,501Net Income 2020: $207,0312020Revenue 2021: $511,049Expenses 2021: $444,998Net Income 2021: $66,0512021Revenue 2022: $1,310,424Expenses 2022: $456,173Net Income 2022: $854,2512022Revenue 2023: $25,089,175Expenses 2023: $22,363,840Net Income 2023: $2,725,3352023Revenue 2024: $26,470,392Expenses 2024: $25,143,367Net Income 2024: $1,327,0252024

Highlighted filing

2017

Revenue$1,201,479
Expenses$273,420
Net Income$928,059
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Jul 10, 2017
Return Version
2016v3.0
Gross Receipts
$4,093,340
Mission and Program Overview

Mission

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,418,930$3,497,779▲ $1,078,849
Cash and Non-Interest-Bearing Accounts$320,220$370,801▲ $50,581
Savings and Temporary Cash Investments$63,403$63,491▲ $88
Land, Buildings, and Equipment, Net$2,975$1,487▼ $1,488
Total Assets$2,805,528$3,933,558▲ $1,128,030
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$870,607$1,775,369▲ $904,762
Unrestricted Net Assets$1,223,400$1,427,242▲ $203,842
Temporarily Rstr Net Assets$711,521$730,947▲ $19,426
Total Net Assets Fund Balance$2,805,528$3,933,558▲ $1,128,030
Total Liabilities and Net Assets / Fund Balance$2,805,528$3,933,558▲ $1,128,030

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,487$12,938$14,425

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$870,608$845,209▲ $107,691-$1,775,369
2015$854,958$45,307▲ $20,910-$870,608
2014$773,941$90,630▲ $22,613-$854,958
2013$707,155$57,157▲ $25,754-$773,941
2012$641,583$65,056▲ $12,179-$707,155
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Brian SansgaardDirector
Cecilia HornerDirector
Daniel DantDirector
Heather LilienthalDirector
Karrie PringnitzDirector
Raymond BeebeDirector
Richard CorcoranDirector
Rod HoppDirector
Travis FinstadDirector
Pastor Patrick HallEx Officio
Roger EspeEx Officio
Revenue and Support

Revenue Composition

Contributions and Grants
$1,114,859
Program Service Revenue
$0
Investment Income
$79,360
Other Revenue
$7,260
All Other Contributions
$1,114,859
Change in Net Assets
$928,059
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$231,152
Salaries, Compensation, and Employee Benefits$42,268
Total Fundraising Expense$13,166
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$42,268-$42,268
Office Expenses-$413$9,405$9,818
All Other Expenses-$9,365-$9,365
Other Expenses$7,552$15,529-$7,552
Fees for Services Accounting-$5,260-$5,260
Travel-$351$3,761$4,112
Depreciation Depletion$1,488--$1,488
Total Functional Expenses$187,068$73,186$13,166$273,420
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
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

“Raymond beebe 3315 sage avenue forest city, ia 50436 richard corcoran first national bank sioux falls, sd 57117 travis finstad 12535 42nd place north plymouth, mn 55442 rod hopp 101 south central drive forest city, ia 50436 cecilia horner 3027 burnham ames, ia 50010 brian sansgaard 2227 110th street story city, ia 50248 karrie pringnitz 480 w. Lyons st. Garner, ia 50438 daniel dant 1535 greenleaf rd owatonna, mn 55060 heather lilienthal 3014 sw 25th ct ankeny, ia 50023 roger espe 3320 glencairn court 201 bonita springs, fl 34134 pastor patrick hall 112 n 4th st clear lake, ia 50428”

Form 990, Page 6, Part VI, Line 11B

“The board members review and approve.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest policy is enforced by board. Any transactions subject to this policy are reviewed by the board.”

Form 990, Page 6, Part VI, Line 19

“Documents are available via the website or written request.”

Filing and Contact Details

Filer

Filer Name
Waldorf Lutheran College
EIN
27-4358184
Address
116 EAST I STREET, FOREST CITY, IA 50436

Signing Officer

Name
Raymond Beebe
Title
Director
Signed
2017-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raymond Beebe
Formed
2011
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Dk Arndt Pc
Address
116 EAST I STREET, FOREST CITY, IA 50436-1760
Preparer
David K Arndt CPA
Phone
6415854631
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Form 990-organization's mission or most significant activities: the exempt purpose of the waldorf lutheran college foundation, inc. Is to provide financial support to waldorf university and to provide scholarships to students of waldorf university.”

Raw XML Appendix392 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990-ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES: THE EXEMPT PURPOSE OF THE WALDORF LUTHERAN COLLEGE FOUNDATION, INC. IS TO PROVIDE FINANCIAL SUPPORT TO WALDORF UNIVERSITY AND TO PROVIDE SCHOLARSHIPS TO STUDENTS OF WALDORF UNIVERSITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RAYMOND BEEBE 3315 SAGE AVENUE FOREST CITY, IA 50436 RICHARD CORCORAN FIRST NATIONAL BANK SIOUX FALLS, SD 57117 TRAVIS FINSTAD 12535 42ND PLACE NORTH PLYMOUTH, MN 55442 ROD HOPP 101 SOUTH CENTRAL DRIVE FOREST CITY, IA 50436 CECILIA HORNER 3027 BURNHAM AMES, IA 50010 BRIAN SANSGAARD 2227 110TH STREET STORY CITY, IA 50248 KARRIE PRINGNITZ 480 W. LYONS ST. GARNER, IA 50438 DANIEL DANT 1535 GREENLEAF RD OWATONNA, MN 55060 HEATHER LILIENTHAL 3014 SW 25TH CT ANKENY, IA 50023 ROGER ESPE 3320 GLENCAIRN COURT 201 BONITA SPRINGS, FL 34134 PASTOR PATRICK HALL 112 N 4TH ST CLEAR LAKE, IA 50428
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS REVIEW AND APPROVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY IS ENFORCED BY BOARD. ANY TRANSACTIONS SUBJECT TO THIS POLICY ARE REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE VIA THE WEBSITE OR WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAYMOND BEEBE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WALDORF LUTHERAN COLLEGE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WALD
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ReturnHeader/PreparerPersonGrp/PhoneNum06415854631
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID K ARNDT CPA
ReturnHeader/ReturnTs02017-08-01T08:37:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-06-01
ReturnHeader/TaxPeriodEndDt02017-05-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,933,558
Liabilities
$0
Net assets
$3,933,558
Revenue
$1,201,479
Expenses
$273,420
Net income
$928,059
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$27.6$10.2$17.4$26.5$25.1$1.33
2023Detailed filing. Detailed filing data is available for this year.$27.8$12.3$15.5$25.1$22.4$2.73
2022Detailed filing. Detailed filing data is available for this year.$6.08$0.09$6.00$1.31$0.46$0.85
2021Detailed filing. Detailed filing data is available for this year.$5.79$0.00$5.79$0.51$0.44$0.07
2020Detailed filing. Detailed filing data is available for this year.$4.79$0.00$4.79$0.37$0.16$0.21
2019Detailed filing. Detailed filing data is available for this year.$4.56$0.00$4.56$0.74$0.36$0.38
2018Detailed filing. Detailed filing data is available for this year.$4.25$0.00$4.25$0.70$0.35$0.35
2017Detailed filing. Detailed filing data is available for this year.$3.93$0.00$3.93$1.20$0.27$0.93
2016Detailed filing. Detailed filing data is available for this year.$2.81$0.00$2.81$0.48$0.29$0.19
2015Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$0.58$0.39$0.19
2014Detailed filing. Detailed filing data is available for this year.$2.52$0.00$2.52$0.71$0.23$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.00$2.04$0.11