Civic Intelligence

Oak Grove Lutheran High School Foundation

990 • Fiscal year 2017 • EIN 45-0422983

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 27, 2017

Organization ProfileN/A
124 North TerraceFargo, ND 58102

(701) 237-0210

Siviq Scores

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

Liabilities / Assets

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

83rd percentile

0.98x

Higher debt load relative to revenue than 83% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Net Margin

2nd percentile

-137%

Higher net margin than 2% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Asset Growth

36th percentile

1.9%

Faster asset growth than 36% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

77th percentile

23%

Faster revenue growth than 77% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$9,088,013

Up $165,660 (+1.9%) from 2016

Net Assets

Up

$8,811,493

Up $295,320 (+3.5%) from 2016

Liabilities

Down

$276,520

Down $129,660 (-32%) from 2016

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin2nd percentile

Revenue

Up

$281,842

Up $52,845 (+23%) from 2016

Expenses

Up

$666,746

Up $155,980 (+31%) from 2016

Net Income

Down

-$384,904

Down $103,135 (-37%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$15M$10M$5.0M$0Assets 2010: $6,089,397Liabilities 2010: $912,793Net Assets 2010: $5,176,6042010Assets 2011: $9,368,787Liabilities 2011: $829,579Net Assets 2011: $8,539,2082011Assets 2012: $9,242,558Liabilities 2012: $997,565Net Assets 2012: $8,244,9932012Assets 2013: $9,848,012Liabilities 2013: $494,819Net Assets 2013: $9,353,1932013Assets 2014: $10,314,821Liabilities 2014: $417,634Net Assets 2014: $9,897,1872014Assets 2015: $9,367,834Liabilities 2015: $464,746Net Assets 2015: $8,903,0882015Assets 2016: $8,922,353Liabilities 2016: $406,180Net Assets 2016: $8,516,1732016Assets 2017: $9,088,013Liabilities 2017: $276,520Net Assets 2017: $8,811,4932017Assets 2018: $9,467,002Liabilities 2018: $252,653Net Assets 2018: $9,214,3492018Assets 2019: $7,428,307Liabilities 2019: $220,835Net Assets 2019: $7,207,4722019Assets 2020: $7,357,068Liabilities 2020: $180,865Net Assets 2020: $7,176,2032020Assets 2021: $9,629,699Liabilities 2021: $1,003,438Net Assets 2021: $8,626,2612021Assets 2022: $9,308,921Liabilities 2022: $1,314,458Net Assets 2022: $7,994,4632022Assets 2023: $10,731,314Liabilities 2023: $1,867,917Net Assets 2023: $8,863,3972023Assets 2024: $11,871,351Liabilities 2024: $1,685,302Net Assets 2024: $10,186,0492024

Highlighted filing

2017

Assets$9,088,013
Liabilities$276,520
Net Assets$8,811,493
Open 2017 Filing

Operations Trend

Revenue Growth77th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $886,8722010Expenses 2011: $270,8682011Revenue 2012: -$18,942Expenses 2012: $465,081Net Income 2012: -$484,0232012Expenses 2013: $568,9172013Revenue 2014: $349,430Expenses 2014: $678,723Net Income 2014: -$329,2932014Revenue 2015: $332,031Expenses 2015: $1,491,874Net Income 2015: -$1,159,8432015Revenue 2016: $228,997Expenses 2016: $510,766Net Income 2016: -$281,7692016Revenue 2017: $281,842Expenses 2017: $666,746Net Income 2017: -$384,9042017Revenue 2018: $1,048,102Expenses 2018: $323,425Net Income 2018: $724,6772018Revenue 2019: $771,758Expenses 2019: $3,079,839Net Income 2019: -$2,308,0812019Revenue 2020: $179,507Expenses 2020: $352,143Net Income 2020: -$172,6362020Revenue 2021: $175,280Expenses 2021: $305,888Net Income 2021: -$130,6082021Revenue 2022: $464,574Expenses 2022: $287,669Net Income 2022: $176,9052022Revenue 2023: $300,468Expenses 2023: $280,092Net Income 2023: $20,3762023Revenue 2024: $1,032,874Expenses 2024: $457,861Net Income 2024: $575,0132024

Highlighted filing

2017

Revenue$281,842
Expenses$666,746
Net Income-$384,904
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 27, 2017
Return Version
2016v3.0
Gross Receipts
$442,983
Mission and Program Overview

Mission

Provide tuition assistance to oak grove students and financial support for the school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,167,397$5,737,177▲ $569,780
Investments Other Securities$3,027,500$3,027,500→ $0
Land, Buildings, and Equipment, Net$214,615$207,980▼ $6,635
Pledges and Grants Receivable$183,813--
Savings and Temporary Cash Investments$254,025$81,935▼ $172,090
Cash and Non-Interest-Bearing Accounts$75,003$33,421▼ $41,582
Total Assets$8,922,353$9,088,013▲ $165,660
Liabilities
Other Liabilities$322,367$276,468▼ $45,899
Accounts Payable and Accrued Expenses$83,813$52▼ $83,761
Total Liabilities$406,180$276,520▼ $129,660
Net Assets / Fund Balance
Permanently Rstr Net Assets$4,676,015$4,780,850▲ $104,835
Unrestricted Net Assets$2,746,261$2,818,314▲ $72,053
Temporarily Rstr Net Assets$1,093,897$1,212,329▲ $118,432
Total Net Assets Fund Balance$8,516,173$8,811,493▲ $295,320
Total Liabilities and Net Assets / Fund Balance$8,922,353$9,088,013▲ $165,660

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$207,980$57,393$265,373
Other Securities$3,027,500--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$4,523,509$104,835▲ $500,194-$5,064,937
2015$4,722,393$114,582▼ $239,025-$4,523,509
2014$4,600,449$155,160▲ $41,212-$4,722,393
2013$4,178,132$97,333▲ $394,543-$4,600,449
2012$3,108,556$678,194▲ $458,390-$4,178,132
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Dan BueideChair
Michael a SlettePresident
Dr Marilyn GuyVice Chair
Derek SunderlandDirector
Patrick ChaffeeDirector
Roger OlsonDirector
Scott KjosDirector
Scott RollerDirector
Steve JohnsonDirector
Marietta WahlCFO
Eric WilkieChief Advancement Officer
Errol SchoenfishSecretary
Brian BraschTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$136,733
Program Service Revenue
$0
Investment Income
$128,909
Other Revenue
$16,200
All Other Contributions
$136,733
Change in Net Assets
$-384,904

Audited Revenue Reconciliation

Revenue per Audited Statements
$296,365
Revenue Not Reported on Financial Statements
$-14,523
Revenue Not Reported on Form 990
$665,701
Other Revenue Adjustments
$-14,523
Total Revenue per Audited Statements
$962,066
Total Revenue per Form 990
$281,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$484,773
Other Expenses$181,973
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$484,773--$484,773
Fees for Service Investment Mgmnt Fees$23,027--$23,027
Fees for Services Accounting$7,516--$7,516
Depreciation Depletion$6,634--$6,634
Other Expenses$5,774--$5,774
All Other Expenses$2,930--$2,930
Total Functional Expenses$666,746$0$0$666,746

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$666,746
Total Expenses per Audited Statements$666,746
Total Expenses per Form 990$666,746
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oak Grove Lutheran SchoolFargo, ND501(c)(3)Academics$484,773
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Contracts$276,468
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The board received an electronic copy of the 990 and approved before filing”

Form 990, Part VI, Section B, Line 12C

“The organization reviews the signed conflict of interest policies for any potential conflicts of interests in its business dealings. Board members and administrative staff disclose any potential conflicts of interest when discussing business dealings of the organization, and are required to recuse themselves from voting on any matter in which they have a personal interest or in which a family member has a personal interest.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Oak Grove Lutheran School Foundation
EIN
45-0422983
Phone
7012370210
Address
124 NORTH TERRACE, FARGO, ND 58102

Signing Officer

Name
Michael a Slette
Title
President
Phone
7012370210
Signed
2017-11-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael a Slette
Formed
1992
Legal Domicile
Nd
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
10

Preparer

Firm
Fiebiger Swanson West & Copllp
Address
2537 S UNIVERSITY DRIVE, FARGO, ND 58103
Preparer
Jeremy Ulmer CPA
Phone
7012802100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in calculated value of annuities 14,523.”

Form 990, Part XII, Ln 2C

“The policies and procedures in place for selecting an independent accountant and oversight of the annual audit have not changed during the current year.”

Financial Statement Notes

PART V, LINE 4:

“The foundation receives and maintains funds to provide tuition aid and scholarship support to the students of oak grove lutheran school.”

PART X, LINE 2:

“According to gaap, the school is required to record a liability for uncertain tax positions when it is more likely than not that a loss has been incurred and the amount can be reasonably estimated. As of june 30, 2017, no such liability existed. Management will continually evaluate expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Change in present value of interest agreements -14,523.”

Raw XML AppendixShowing 400 of 534 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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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt050859
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt016200
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt016200
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0665701
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt014523
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1ANNUITY PAYMENTS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3PROPERTY MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt0100000
IRS990/OtherExpensesGrp/ProgramServicesAmt129615
IRS990/OtherExpensesGrp/ProgramServicesAmt26477
IRS990/OtherExpensesGrp/ProgramServicesAmt35774
IRS990/OtherExpensesGrp/TotalAmt0100000
IRS990/OtherExpensesGrp/TotalAmt129615
IRS990/OtherExpensesGrp/TotalAmt26477
IRS990/OtherExpensesGrp/TotalAmt35774
IRS990/OtherLiabilitiesGrp/BOYAmt0322367
IRS990/OtherLiabilitiesGrp/EOYAmt0276468
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt04676015
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt04780850
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0183813
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL A SLETTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0199413
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0407193
IRS990/PYInvestmentIncomeAmt013384
IRS990/PYOtherExpensesAmt0103573
IRS990/PYOtherRevenueAmt016200
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-281769
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0510766
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0228997
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-384904
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt016200
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0254025
IRS990/SavingsAndTempCashInvstGrp/EOYAmt081935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0136733
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0199413
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0188130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0108761
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0378194
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01011231
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt094250
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0110645
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0114996
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0172919
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0171667
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0664477
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.37120
IRS990ScheduleA/PublicSupportPY170Pct00.85130
IRS990ScheduleA/PublicSupportTotal170Amt0622094
IRS990ScheduleA/SubstantialContributorsTotAmt0389137
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0136733
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0199413
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0188130
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0108761
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0378194
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01011231
IRS990ScheduleA/TotalSupportAmt01675708
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.05600
IRS990ScheduleD/BuildingsGrp/BookValueAmt0207980
IRS990ScheduleD/BuildingsGrp/DepreciationAmt057393
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0265373
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt017740
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04523509
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0104835
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05064937
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt045861
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0500194
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt016999
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04722393
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0114582
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04523509
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt057442
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-239025
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt017356
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04600449
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0155160
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04722393
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt057072
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt041212
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt015687
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04178132
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt097333
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04600449
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt053872
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0394543
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt013771
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03108556
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0678194
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04178132
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt053237
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0458390
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0666746
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0665701
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0276468
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITY CONTRACTS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-14523
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03027500
IRS990ScheduleD/OtherSecuritiesGrp/Desc0LAND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.94400
IRS990ScheduleD/RevenueNotReportedAmt0665701
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-14523
IRS990ScheduleD/RevenueSubtotalAmt0296365
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVES AND MAINTAINS FUNDS TO PROVIDE TUITION AID AND SCHOLARSHIP SUPPORT TO THE STUDENTS OF OAK GROVE LUTHERAN SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCORDING TO GAAP, THE SCHOOL IS REQUIRED TO RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. AS OF JUNE 30, 2017, NO SUCH LIABILITY EXISTED. MANAGEMENT WILL CONTINUALLY EVALUATE EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CHANGE IN PRESENT VALUE OF INTEREST AGREEMENTS -14,523.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0207980
IRS990ScheduleD/TotalBookValueSecuritiesAmt03027500
IRS990ScheduleD/TotalExpensesPerForm990Amt0666746
IRS990ScheduleD/TotalLiabilityAmt0276468
IRS990ScheduleD/TotalRevenuePerForm990Amt0281842
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0962066
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0666746
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0484773
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0SCHOOL OPERATIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ACADEMICS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0OAK GROVE LUTHERAN SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0450226473
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0124 NORTH TERRACE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FARGO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ND
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd058102
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FUNDS ARE TRANSFERRED DIRECTLY TO OAK GROVE LUTHERAN SCHOOL ON BEHALF OF THE STUDENTS RECEIVING THE SCHOLARSHIPS, ENSURING ALL SCHOLARSHIPS ARE USED FOR THEIR INTENDED PURPOSE OF TUITION ASSISTANCE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD RECEIVED AN ELECTRONIC COPY OF THE 990 AND APPROVED BEFORE FILING

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$9,088,013
Liabilities
$276,520
Net assets
$8,811,493
Revenue
$281,842
Expenses
$666,746
Net income
-$384,904
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$1.69$10.2$1.03$0.46$0.58
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.7$1.87$8.86$0.30$0.28$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.31$1.31$7.99$0.46$0.29$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.63$1.00$8.63$0.18$0.31$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.36$0.18$7.18$0.18$0.35$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.43$0.22$7.21$0.77$3.08$2.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.47$0.25$9.21$1.05$0.32$0.72
2017Detailed filing. Detailed filing data is available for this year.$9.09$0.28$8.81$0.28$0.67$0.38
2016Detailed filing. Detailed filing data is available for this year.$8.92$0.41$8.52$0.23$0.51$0.28
2015Detailed filing. Detailed filing data is available for this year.$9.37$0.46$8.90$0.33$1.49$1.16
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$0.42$9.90$0.35$0.68$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.85$0.49$9.35$0.57
2012Summary only. Only limited summary data is available for this year.$9.24$1.00$8.24$0.02$0.47$0.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.37$0.83$8.54$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.09$0.91$5.18$0.89
Peer Organizations

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