Civic Intelligence

Waldorf Lutheran College Foundation Inc.

990 • Fiscal year 2020 • EIN 27-4358184

Jun 01, 2019 to May 31, 2020 • Filed on Aug 06, 2020

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

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

92nd percentile

57%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

48th percentile

5.0%

Faster asset growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-51%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$4,793,384

Up $230,404 (+5.0%) from 2019

Net Assets

Up

$4,793,384

Up $230,404 (+5.0%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin92nd percentile

Revenue

Down

$365,532

Down $378,140 (-51%) from 2019

Expenses

Down

$158,501

Down $203,129 (-56%) from 2019

Net Income

Down

$207,031

Down $175,011 (-46%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2020

Assets$4,793,384
Liabilities$0
Net Assets$4,793,384
Open 2020 Filing

Operations Trend

Revenue Growth8th 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

2020

Revenue$365,532
Expenses$158,501
Net Income$207,031
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Aug 6, 2020
Return Version
2019v5.0
Gross Receipts
$1,513,516
Mission and Program Overview

Mission

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,191,661$4,425,828▲ $234,167
Cash and Non-Interest-Bearing Accounts$357,741$353,992▼ $3,749
Savings and Temporary Cash Investments$13,578$13,564▼ $14
Total Assets$4,562,980$4,793,384▲ $230,404
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,959,979$3,145,291▲ $185,312
Net Assets Without Donor Restrictions$1,603,001$1,648,093▲ $45,092
Total Net Assets Fund Balance$4,562,980$4,793,384▲ $230,404
Total Liabilities and Net Assets / Fund Balance$4,562,980$4,793,384▲ $230,404

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$14,425$14,425

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,279,104$56,800▲ $16,110-$2,344,931
2018$2,048,250$232,280▲ $16,751-$2,279,104
2017$1,776,699$272,280▲ $69,024-$2,048,250
2016$870,608$845,209▲ $107,691-$1,775,369
2015$854,958$45,307▲ $20,910-$870,608
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$346,527
Program Service Revenue
$0
Investment Income
$11,745
Other Revenue
$7,260
All Other Contributions
$346,527
Change in Net Assets
$207,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$115,260
Salaries, Compensation, and Employee Benefits$43,241
Total Fundraising Expense$14,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$30,779$5,341$7,121$43,241
Fees for Services Accounting-$17,520-$17,520
Advertising--$4,148$4,148
Office Expenses$500$1,125$1,402$3,027
Travel$426-$1,707$2,133
Other Expenses$78,827$512-$512
Occupancy$18--$18
Total Functional Expenses$110,550$33,573$14,378$158,501
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 35% controlled entity
No
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 4904 twin ridge road sioux falls, sd 57117-5186 travis finstad 99 w south temple 1301 salt lake city, ut 84101 rod hopp 20587b hwy 9 e forest city, ia 50436 cecilia horner 3027 burnham ames, ia 50010 brian sansgaard 1208 park view drive story city, ia 50248 karrie pringnitz 480 w. Lyon 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
Chairman of Board
Signed
2020-08-06
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 Appendix391 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SEE SCHEDULE O.
IRS990/AdvertisingGrp/FundraisingAmt04148
IRS990/AdvertisingGrp/TotalAmt04148
IRS990/AllOtherContributionsAmt0346527
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0TERESA NICHOLSON
IRS990/BooksInCareOfDetail/PhoneNum06415858142
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0106 SOUTH 6TH STREET
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0106 SOUTH 6TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0FOREST CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd050436
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0357741
IRS990/CashNonInterestBearingGrp/EOYAmt0353992
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0346527
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt011745
IRS990/CYOtherExpensesAmt0115260
IRS990/CYOtherRevenueAmt07260
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0207031
IRS990/CYSalariesCompEmpBnftPaidAmt043241
IRS990/CYTotalExpensesAmt0158501
IRS990/CYTotalFundraisingExpenseAmt014378
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0365532
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0WALDORF LUTHERAN COLLEGE FOUNDATION, INC. HAS ESTABLISHED NUMEROUS SCHOLARSHIP FUNDS ALONG WITH A GENERAL ENDOWMENT FUND. THESE FUNDS WILL BE UTILIZED TO PROVIDE FINANCIAL SUPPORT AND SCHOLARSHIPS TO STUDENTS OF WALDORF UNIVERSITY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0true
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt02959979
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt03145291
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0110550
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt017520
IRS990/FeesForServicesAccountingGrp/TotalAmt017520
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0DANIEL DANT
IRS990/Form990PartVIISectionAGrp/PersonNm1TRAVIS FINSTAD
IRS990/Form990PartVIISectionAGrp/PersonNm2ROD HOPP
IRS990/Form990PartVIISectionAGrp/PersonNm3CECILIA HORNER
IRS990/Form990PartVIISectionAGrp/PersonNm4HEATHER LILIENTHAL
IRS990/Form990PartVIISectionAGrp/PersonNm5KARRIE PRINGNITZ
IRS990/Form990PartVIISectionAGrp/PersonNm6BRIAN SANSGAARD
IRS990/Form990PartVIISectionAGrp/PersonNm7ROGER ESPE
IRS990/Form990PartVIISectionAGrp/PersonNm8PASTOR PATRICK HALL
IRS990/Form990PartVIISectionAGrp/PersonNm9RAYMOND BEEBE
IRS990/Form990PartVIISectionAGrp/PersonNm10RICHARD CORCORAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt8EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIRMAN OF
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0-87808
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01060176
IRS990/GrossReceiptsAmt01513516
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt099553
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt099553
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04191661
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04425828
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014425
IRS990/LandBldgEquipCostOrOtherBssAmt014425
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01147984
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SEE SCHEDULE O.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04562980
IRS990/NetAssetsOrFundBalancesEOYAmt04793384
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-87808
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-87808
IRS990/NetUnrlzdGainsLossesInvstAmt023373
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01603001
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01648093
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt018
IRS990/OccupancyGrp/TotalAmt018
IRS990/OfficeExpensesGrp/FundraisingAmt01402
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01125
IRS990/OfficeExpensesGrp/ProgramServicesAmt0500
IRS990/OfficeExpensesGrp/TotalAmt03027
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0SCHOLARSHIP EXPENSE
IRS990/OtherExpensesGrp/Desc1ANNUITY PAYMENT
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09075
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1512
IRS990/OtherExpensesGrp/ProgramServicesAmt078827
IRS990/OtherExpensesGrp/TotalAmt078827
IRS990/OtherExpensesGrp/TotalAmt19075
IRS990/OtherExpensesGrp/TotalAmt2512
IRS990/OtherRevenueMiscGrp/Desc0ANNUITY INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt07260
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07260
IRS990/OtherRevenueTotalAmt07260
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07121
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05341
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt030779
IRS990/OtherSalariesAndWagesGrp/TotalAmt043241
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RAYMOND BEEBE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0641785
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt094627
IRS990/PYOtherExpensesAmt0266161
IRS990/PYOtherRevenueAmt07260
IRS990/PYRevenuesLessExpensesAmt0382042
IRS990/PYSalariesCompEmpBnftPaidAmt095469
IRS990/PYTotalExpensesAmt0361630
IRS990/PYTotalRevenueAmt0743672
IRS990/ReconcilationRevenueExpnssAmt0207031
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013578
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013564
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 49,835
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0346527
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0641785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0510647
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01114859
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0429508
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03043326
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt099553
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt086347
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt054668
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt034856
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt024365
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0299789
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07260
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt07260
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07260
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt07260
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt028055
IRS990ScheduleA/OtherIncome170Grp/TotalAmt057095
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89500
IRS990ScheduleA/PublicSupportPY170Pct00.90380
IRS990ScheduleA/PublicSupportTotal170Amt03043326
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0346527
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0641785
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0510647
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01114859
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0429508
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03043326
IRS990ScheduleA/TotalSupportAmt03400210
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02279104
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt056800
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02344931
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt07083
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt016110
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02048250
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0232280
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02279104
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt018177
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt016751
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01776699
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0272280
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02048250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt069753
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt069024
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0870608
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0845209
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01775369
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt048139
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0107691
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0854958
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt045307
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0870608
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt050567
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt020910
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt0222063
IRS990ScheduleD/DonorAdvisedFundsHeldCnt0133
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0800360
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014425
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014425
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 4904 TWIN RIDGE ROAD SIOUX FALLS, SD 57117-5186 TRAVIS FINSTAD 99 W SOUTH TEMPLE 1301 SALT LAKE CITY, UT 84101 ROD HOPP 20587B HWY 9 E FOREST CITY, IA 50436 CECILIA HORNER 3027 BURNHAM AMES, IA 50010 BRIAN SANSGAARD 1208 PARK VIEW DRIVE STORY CITY, IA 50248 KARRIE PRINGNITZ 480 W. LYON 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04562980
IRS990/TotalAssetsEOYAmt04793384
IRS990/TotalAssetsGrp/BOYAmt04562980
IRS990/TotalAssetsGrp/EOYAmt04793384
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0346527
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014378
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033573
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0110550
IRS990/TotalFunctionalExpensesGrp/TotalAmt0158501
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04562980
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04793384
IRS990/TotalProgramServiceExpensesAmt0110550
IRS990/TotalRevenueGrp/ExclusionAmt019005
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0365532
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04562980
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04793384
IRS990/TravelGrp/FundraisingAmt01707
IRS990/TravelGrp/ProgramServicesAmt0426
IRS990/TravelGrp/TotalAmt02133
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03315 SAGE AVENUE
IRS990/USAddress/CityNm0FOREST CITY
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050436
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.WALDORFFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAYMOND BEEBE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN OF BOARD
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WALDORF LUTHERAN COLLEGE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WALD
ReturnHeader/Filer/EIN0274358184
ReturnHeader/Filer/USAddress/AddressLine1Txt0116 EAST I STREET
ReturnHeader/Filer/USAddress/CityNm0FOREST CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050436
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05EB85872AFE0D1526D7DA0BAE510846A7424BA48
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CCB3E472365EB34AE8EB850415A116C6E8B3329C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02020-08-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:54:25
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421462004
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DK ARNDT PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0116 EAST I STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FOREST CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0504361760
ReturnHeader/PreparerPersonGrp/PhoneNum06415854631
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID K ARNDT CPA
ReturnHeader/ReturnTs02020-08-07T08:54:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-06-01
ReturnHeader/TaxPeriodEndDt02020-05-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,793,384
Liabilities
$0
Net assets
$4,793,384
Revenue
$365,532
Expenses
$158,501
Net income
$207,031
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