Civic Intelligence

Lutheran Endowmnet & Aid Fundinc

EIN 34-1789663 • 501(c)3 • Painesville, OH

Profile

See statement - schedule 0

508 Mentor AvePainesville, OH 44077

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

11th percentile

-28%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

31st percentile

-2.1%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Revenue Growth

77th percentile

31%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Assets

Down

$2,037,531

Down $27,363 (-1.3%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Down

$2,037,531

Down $27,363 (-1.3%) from 2024

Revenue

Up

$136,426

Up $137,758 (+10342%) from 2024

Expenses

Up

$174,154

Up $102,209 (+142%) from 2024

Net Income

Up

-$37,728

Up $35,549 (+49%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2016: $1,307,889Liabilities 2016: $70,000Net Assets 2016: $1,237,8892016Assets 2017: $1,299,108Liabilities 2017: $0Net Assets 2017: $1,299,1082017Assets 2018: $1,370,313Liabilities 2018: $0Net Assets 2018: $1,370,3132018Assets 2019: $1,577,087Liabilities 2019: $0Net Assets 2019: $1,577,0872019Assets 2020: $1,671,318Liabilities 2020: $0Net Assets 2020: $1,671,3182020Assets 2021: $1,772,615Liabilities 2021: $0Net Assets 2021: $1,772,6152021Assets 2022: $2,256,058Liabilities 2022: $0Net Assets 2022: $2,256,0582022Assets 2023: $2,124,768Liabilities 2023: $0Net Assets 2023: $2,124,7682023Assets 2024: $2,064,894Liabilities 2024: $0Net Assets 2024: $2,064,8942024Assets 2025: $2,037,531Liabilities 2025: $0Net Assets 2025: $2,037,5312025

Highlighted filing

2025

Assets$2,037,531
Liabilities$0
Net Assets$2,037,531

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2016: $63,592Expenses 2016: $84,217Net Income 2016: -$20,6252016Revenue 2017: $74,503Expenses 2017: $14,736Net Income 2017: $59,7672017Revenue 2018: $85,918Expenses 2018: $15,681Net Income 2018: $70,2372018Revenue 2019: $219,090Expenses 2019: $15,273Net Income 2019: $203,8172019Revenue 2020: $122,117Expenses 2020: $27,117Net Income 2020: $95,0002020Revenue 2021: $100,847Expenses 2021: $18,360Net Income 2021: $82,4872021Revenue 2022: $643,910Expenses 2022: $142,413Net Income 2022: $501,4972022Revenue 2023: $79,605Expenses 2023: $220,016Net Income 2023: -$140,4112023Revenue 2024: -$1,332Expenses 2024: $71,945Net Income 2024: -$73,2772024Revenue 2025: $136,426Expenses 2025: $174,154Net Income 2025: -$37,7282025

Highlighted filing

2025

Revenue$136,426
Expenses$174,154
Net Income-$37,728

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 15, 2025
Return Version
2024v5.0
Gross Receipts
$446,315
Mission and Program Overview

Mission

See statement - schedule o

See statement - schedule 0

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,965,411$1,996,567▲ $31,156
Savings and Temporary Cash Investments$71,698--
Cash and Non-Interest-Bearing Accounts$27,785$40,964▲ $13,179
Total Assets$2,064,894$2,037,531▼ $27,363
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,887,409$1,904,937▲ $17,528
Net Assets Without Donor Restrictions$177,485$132,594▼ $44,891
Total Net Assets Fund Balance$2,064,894$2,037,531▼ $27,363
Total Liabilities and Net Assets / Fund Balance$2,064,894$2,037,531▼ $27,363
Compensation and Service Providers

Board Members and Trustees

NameTitle
Terry WakeleePresident
Brian BrockwayTrustee
Tom NeumanTrustee
Russell WaltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,192
Program Service Revenue
$0
Investment Income
$123,234
Other Revenue
$0
All Other Contributions
$13,192
Change in Net Assets
$-37,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$174,154
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$150,000--$150,000
Fees for Services Management$24,154--$24,154
Total Functional Expenses$174,154$0$0$174,154
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
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
No
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 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Lutheran Endowment & Aid Fundinc
EIN
34-1789663
Phone
4409512997
Address
508 MENTOR AVE, PAINESVILLE, OH 44077

Signing Officer

Name
Russell Walton
Title
Treasurer
Phone
4404873955
Signed
2025-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Wakelee
Formed
1993
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
H & J Certified Public Accountants Inc
Address
7555 FREDLE DR STE 110, CONCORD, OH 44077
Preparer
Russell Walton
Phone
4409512997
Supplemental Narrative

Additional Explanations

Form 990, Part III

Form 990, part iii - additional information lutheran endowment & aid fund, inc. (l.e.a.f.) was established by a number of lutheran churches affiliated with the lutheran church-missouri synod in lake county, ohio to receive donations and invest funds to benefit and further the educational programs of our shepherd lutheran school association, inc.("our shepherd")which is located in painesville, ohio.the income from the donations and investments made by l.e.a.f. Provide support for the educational programs of our shepherd; a lutheran elementary school with grades k-8. L.e.a.f. Is related to our shepherd and its member congregations through its articles of incorporation and constitution. L.e.a.f.'s articles of incorporation state that l.e.a.f.'s purpose is to support lutheran education in general and our shepherd in particular. L.e.a.f.'s board of trustees consists of those individuals elected by the delegate assembly of our shepherd, which are chosen by the member congregations in accordance with our shepherd's constitution. L.e.a.f is required to report to the member congregations on an annual basis the financial condition of l.e.a.f., as well as the general operation of the program and its support of our shepherd. Finally, should l.e.a.f.'s board of trustees and our shepherd's delegate assembly decide to dissolve the corporation the assets remaining are required to be transferred to our shepherd. Through donations, primarily from individuals, l.e.a.f. Provides support for our shepherd's operation budget and capital improvements. Donations are received by l.e.a.f. And invested in assets such as stocks, bonds and certificates of deposit. The only activities performed by l.e.a.f. Are fund raising, investing and distribution of income and principal to help support the operation of our shepherd. L.e.a.f. Raises funds from members and benefactors mostly through the use of an annual appeal drive in which a flyer is sent to prospective donors asking for pledges. L.e.a.f. In turn invests those funds received for the benefit of our shepherd.in addition to the annual appeal drive l.e.a.f. Receives donations throughout the year from individuals and organizations that have a prior relationship with l.e.a.f. Or our shepherd. The investments made by the board of trustees of l.e.a.f. Are designed to provide both current income that is used to defray the current operating expenses as well as some growth that allows funds to be saved for future capital improvement projects. By raising the donations and providing funds for current expenses and capital improvements, l.e.a.f. Is furthering the exempt purposes of both the member congregations and school in that the school is more likely to continue its operations if it is able to provide an affordable education. The purposes of the member congregations are also served by providing the lutheran based education for those families who wish to have such an option. Form 990, part iii, line 4d - all other accomplishments see statement - schedule o form 990, part vi, line 11b - organization's process to review form 990 no review was or will be conducted. Form 990, part vi, line 19 - governing documents disclosure explanation no documents available to the public

Form 990, Part V, Line 14B

Does not do tanning services

Form 990, Part IX, Line 11G

OTHER FEES 150,000 0 0

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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE OFFICERS OF OUR SHEPHERD LUTHERAN SCHOOL (SUPPORTED ORGANIZATION) REQUEST FUNDS FROM THE LUTHERAN ENDOWMENT & AID FUND (SUPPORTING ORGANIZATION) WHEN NEEDED TO SUPPORT THEIR EDUCATIONAL PROGRAM AT THE SCHOOL.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1PART IV, SECTION E, LINE 2A - EXPLANATION OF SUPPORTED ORGANIZATIONS THE FUNCTION OF THE LUTHERAN ENDOWMENT & AID FUND IS TO GENERATE INCOME FROM THEIR INVESTMENTS TO PROVIDE SUPPORT SOLELY FOR THE BENEFIT OF OUR SHEPHERD LUTHERAN SCHOOL.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SUPPLEMENTAL INFORMATION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART III - ADDITIONAL INFORMATION LUTHERAN ENDOWMENT & AID FUND, INC. (L.E.A.F.) WAS ESTABLISHED BY A NUMBER OF LUTHERAN CHURCHES AFFILIATED WITH THE LUTHERAN CHURCH-MISSOURI SYNOD IN LAKE COUNTY, OHIO TO RECEIVE DONATIONS AND INVEST FUNDS TO BENEFIT AND FURTHER THE EDUCATIONAL PROGRAMS OF OUR SHEPHERD LUTHERAN SCHOOL ASSOCIATION, INC.("OUR SHEPHERD")WHICH IS LOCATED IN PAINESVILLE, OHIO.THE INCOME FROM THE DONATIONS AND INVESTMENTS MADE BY L.E.A.F. PROVIDE SUPPORT FOR THE EDUCATIONAL PROGRAMS OF OUR SHEPHERD; A LUTHERAN ELEMENTARY SCHOOL WITH GRADES K-8. L.E.A.F. IS RELATED TO OUR SHEPHERD AND ITS MEMBER CONGREGATIONS THROUGH ITS ARTICLES OF INCORPORATION AND CONSTITUTION. L.E.A.F.'S ARTICLES OF INCORPORATION STATE THAT L.E.A.F.'S PURPOSE IS TO SUPPORT LUTHERAN EDUCATION IN GENERAL AND OUR SHEPHERD IN PARTICULAR. L.E.A.F.'S BOARD OF TRUSTEES CONSISTS OF THOSE INDIVIDUALS ELECTED BY THE DELEGATE ASSEMBLY OF OUR SHEPHERD, WHICH ARE CHOSEN BY THE MEMBER CONGREGATIONS IN ACCORDANCE WITH OUR SHEPHERD'S CONSTITUTION. L.E.A.F IS REQUIRED TO REPORT TO THE MEMBER CONGREGATIONS ON AN ANNUAL BASIS THE FINANCIAL CONDITION OF L.E.A.F., AS WELL AS THE GENERAL OPERATION OF THE PROGRAM AND ITS SUPPORT OF OUR SHEPHERD. FINALLY, SHOULD L.E.A.F.'S BOARD OF TRUSTEES AND OUR SHEPHERD'S DELEGATE ASSEMBLY DECIDE TO DISSOLVE THE CORPORATION THE ASSETS REMAINING ARE REQUIRED TO BE TRANSFERRED TO OUR SHEPHERD. THROUGH DONATIONS, PRIMARILY FROM INDIVIDUALS, L.E.A.F. PROVIDES SUPPORT FOR OUR SHEPHERD'S OPERATION BUDGET AND CAPITAL IMPROVEMENTS. DONATIONS ARE RECEIVED BY L.E.A.F. AND INVESTED IN ASSETS SUCH AS STOCKS, BONDS AND CERTIFICATES OF DEPOSIT. THE ONLY ACTIVITIES PERFORMED BY L.E.A.F. ARE FUND RAISING, INVESTING AND DISTRIBUTION OF INCOME AND PRINCIPAL TO HELP SUPPORT THE OPERATION OF OUR SHEPHERD. L.E.A.F. RAISES FUNDS FROM MEMBERS AND BENEFACTORS MOSTLY THROUGH THE USE OF AN ANNUAL APPEAL DRIVE IN WHICH A FLYER IS SENT TO PROSPECTIVE DONORS ASKING FOR PLEDGES. L.E.A.F. IN TURN INVESTS THOSE FUNDS RECEIVED FOR THE BENEFIT OF OUR SHEPHERD.IN ADDITION TO THE ANNUAL APPEAL DRIVE L.E.A.F. RECEIVES DONATIONS THROUGHOUT THE YEAR FROM INDIVIDUALS AND ORGANIZATIONS THAT HAVE A PRIOR RELATIONSHIP WITH L.E.A.F. OR OUR SHEPHERD. THE INVESTMENTS MADE BY THE BOARD OF TRUSTEES OF L.E.A.F. ARE DESIGNED TO PROVIDE BOTH CURRENT INCOME THAT IS USED TO DEFRAY THE CURRENT OPERATING EXPENSES AS WELL AS SOME GROWTH THAT ALLOWS FUNDS TO BE SAVED FOR FUTURE CAPITAL IMPROVEMENT PROJECTS. BY RAISING THE DONATIONS AND PROVIDING FUNDS FOR CURRENT EXPENSES AND CAPITAL IMPROVEMENTS, L.E.A.F. IS FURTHERING THE EXEMPT PURPOSES OF BOTH THE MEMBER CONGREGATIONS AND SCHOOL IN THAT THE SCHOOL IS MORE LIKELY TO CONTINUE ITS OPERATIONS IF IT IS ABLE TO PROVIDE AN AFFORDABLE EDUCATION. THE PURPOSES OF THE MEMBER CONGREGATIONS ARE ALSO SERVED BY PROVIDING THE LUTHERAN BASED EDUCATION FOR THOSE FAMILIES WHO WISH TO HAVE SUCH AN OPTION. FORM 990, PART III, LINE 4D - ALL OTHER ACCOMPLISHMENTS SEE STATEMENT - SCHEDULE O FORM 990, PART VI, LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990 NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOES NOT DO TANNING SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER FEES 150,000 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART V, LINE 14B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/ReturnTs02025-12-15T16:12:49-05:00
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ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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