Civic Intelligence

Lutheran Scholarship Granting Organization of Indiana Inc.

990 • Fiscal year 2019 • EIN 45-4856406

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 28, 2019

PO Box 5174Fort Wayne, IN 46895

(260) 203-4509

Siviq Scores

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

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

61st percentile

7.5%

Higher net margin than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

67th percentile

10%

Faster asset growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

-15%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,620,262

Up $241,414 (+10%) from 2018

Net Assets

Up

$2,591,496

Up $215,085 (+9.1%) from 2018

Liabilities

Up

$28,766

Up $26,329 (+1080%) from 2018

Revenue

Down

$2,793,578

Down $493,963 (-15%) from 2018

Expenses

Up

$2,583,345

Up $40,693 (+1.6%) from 2018

Net Income

Down

$210,233

Down $534,656 (-72%) from 2018

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2013: $152,008Liabilities 2013: $7,036Net Assets 2013: $144,9722013Assets 2014: $445,148Liabilities 2014: $290Net Assets 2014: $444,8582014Assets 2015: $1,509,104Liabilities 2015: $3,304Net Assets 2015: $1,505,8002015Assets 2016: $1,470,674Liabilities 2016: $824Net Assets 2016: $1,469,8502016Assets 2017: $1,634,278Liabilities 2017: $2,601Net Assets 2017: $1,631,6772017Assets 2018: $2,378,848Liabilities 2018: $2,437Net Assets 2018: $2,376,4112018Assets 2019: $2,620,262Liabilities 2019: $28,766Net Assets 2019: $2,591,4962019Assets 2020: $2,653,068Liabilities 2020: $3,781Net Assets 2020: $2,649,2872020Assets 2021: $3,247,279Liabilities 2021: $5,632Net Assets 2021: $3,241,6472021Assets 2022: $3,928,427Liabilities 2022: $13,764Net Assets 2022: $3,914,6632022Assets 2023: $5,302,946Liabilities 2023: $150,804Net Assets 2023: $5,152,1422023Assets 2024: $6,895,110Liabilities 2024: $6,890Net Assets 2024: $6,888,2202024Assets 2025: $8,521,093Liabilities 2025: $4,409Net Assets 2025: $8,516,6842025

Highlighted filing

2019

Assets$2,620,262
Liabilities$28,766
Net Assets$2,591,496

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $306,654Expenses 2013: $161,682Net Income 2013: $144,9722013Revenue 2014: $1,468,894Expenses 2014: $1,169,008Net Income 2014: $299,8862014Revenue 2015: $2,652,568Expenses 2015: $1,591,626Net Income 2015: $1,060,9422015Revenue 2016: $1,878,682Expenses 2016: $1,914,632Net Income 2016: -$35,9502016Revenue 2017: $2,214,415Expenses 2017: $2,047,642Net Income 2017: $166,7732017Revenue 2018: $3,287,541Expenses 2018: $2,542,652Net Income 2018: $744,8892018Revenue 2019: $2,793,578Expenses 2019: $2,583,345Net Income 2019: $210,2332019Revenue 2020: $2,953,207Expenses 2020: $2,896,191Net Income 2020: $57,0162020Revenue 2021: $3,393,939Expenses 2021: $2,798,209Net Income 2021: $595,7302021Revenue 2022: $4,492,702Expenses 2022: $3,790,907Net Income 2022: $701,7952022Revenue 2023: $4,923,081Expenses 2023: $3,691,375Net Income 2023: $1,231,7062023Revenue 2024: $5,004,490Expenses 2024: $3,283,865Net Income 2024: $1,720,6252024Revenue 2025: $5,808,844Expenses 2025: $4,194,682Net Income 2025: $1,614,1622025

Highlighted filing

2019

Revenue$2,793,578
Expenses$2,583,345
Net Income$210,233
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 28, 2019
Return Version
2018v3.1
Gross Receipts
$3,240,382
Mission and Program Overview

Mission

The mission of the lutheran scholarship granting organization of indiana, inc. Is to raise funds from individuals and businesses and distribute scholarship funds to all eligible students attending lutheran and other christian schools in states served by the lutheran sgo.

The mission of the lutheran scholarship granting organization of indiana, inc. Is to raise funds from individuals and businesses to provide scholarship funds to all eligible students wanting to attend an indiana christian school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,914,512$2,201,671▲ $287,159
Cash and Non-Interest-Bearing Accounts$463,586$417,809▼ $45,777
Prepaid Expenses and Deferred Charges$750$782▲ $32
Total Assets$2,378,848$2,620,262▲ $241,414
Liabilities
Accounts Payable and Accrued Expenses$2,437$28,766▲ $26,329
Total Liabilities$2,437$28,766▲ $26,329
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,202,883$2,408,760▲ $205,877
Unrestricted Net Assets$173,528$182,736▲ $9,208
Total Net Assets Fund Balance$2,376,411$2,591,496▲ $215,085
Total Liabilities and Net Assets / Fund Balance$2,378,848$2,620,262▲ $241,414
Compensation and Service Providers

Board Members and Trustees

NameTitle
Beth KitsonPresident
Carrie GutmanDirector
Rev Dr Dennis GoffDirector
Eric TraunerTreasurer/se
Karl DavisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,759,420
Program Service Revenue
$0
Investment Income
$34,093
Other Revenue
$65
All Other Contributions
$2,759,420
Change in Net Assets
$210,233

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded37$414,637Fair Market Value
Other Non Cash Contri Table5$20,192Fair Market Value
Total Noncash Contributions42$434,829-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,793,578
Revenue Not Reported on Form 990
$4,947
Total Revenue per Audited Statements
$2,798,525
Total Revenue per Form 990
$2,793,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,401,401
Other Expenses$181,944
Total Fundraising Expense$36,729
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,401,401--$2,401,401
Fees for Services Other-$90,100$15,600$105,700
Advertising--$21,129$21,129
Fees for Services Accounting-$11,044-$11,044
Fees for Services Legal-$5,578-$5,578
Other Expenses-$5,547-$5,547
Occupancy-$3,300-$3,300
Insurance-$750-$750
Total Functional Expenses$2,401,401$145,215$36,729$2,583,345

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,583,440
Expenses per Audited Statements$2,583,345
Total Expenses per Form 990$2,583,345
Expenses Not Reported on Form 990$95
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
Audit committee
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
Yes
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 11B

The 990 is prepared by our audit firm and a draft of the 990 is sent to all board members for review and comment. A final version is approved and submitted.

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

Board members are required to report any potential conflicts of interest annually. Members and employees have a continuing, affirmative duty to report any personal ownership, interest, or other relationship that may affect the member's ability to exercise impartial and ethical judgements in fufilling their responsibilities. If a board member has a conflict, the member will abstain from discussion and voting on the conflicted item.

Form 990, Page 6, Part VI, Line 15A

Compensation is determined and approved by the board of directors. At the current time, all officers are volunteers and do not receive compensation.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Form 990, Part VII

Administrative services are contracted with the lutheran school partnership. The services include scholarship and fundraising management, advertising, promotion and marketing. The contract amount covers the partnership's costs. One member of the lutheran scholarship granting organization of indiana board is a representative of the board of the lutheran schools partnership.

Filing and Contact Details

Filer

Filer Name
The Lutheran Scholarship Granting
EIN
45-4856406
Phone
2602034509
Address
PO BOX 5174, FORT WAYNE, IN 46895
Doing Business As
The Lutheran Sgo

Signing Officer

Name
Beth Kitson
Title
President
Phone
2603123289
Signed
2019-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beth Kitson
Formed
2012
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Baden Gage & Schroeder LLC
Address
6920 POINTE INVERNESS WAY 300, FORT WAYNE, IN 46804-7926
Preparer
Brian D Bowman CPA
Phone
2604222551
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the lutheran scholarship granting organization of indiana, inc. Is to raise funds from individuals and businesses to provide scholarship funds to all eligible students wanting to attend an indiana christian school.

Form 990

Part iv, 28(b) family relationship carrie gutman, board member, is sister to michael hawk, the attorney of record. Legal expenses were less than the 10,000 disclosure threshold.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from income taxes under the provisions of section 501(c)(3) of the internal revenue code. The accounting standard which provides guidance on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organization and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the years ended june 30, 2019 and 2018. The organization believes it is no longer subject to income tax examinations for years prior to 2016.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACCOUNTING STANDARD WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEARS ENDED JUNE 30, 2019 AND 2018. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION VERIFIES THAT SCHOLARSHIP RECIPIENTS MEET THE INCOME REQUIREMENTS THROUGH THE FOLLOWING MEANS: 1) ALL RECIPIENTS MUST PROVIDE PROOF OF INCOME AND 2) SCHOOLS VERIFY CONTINUED ENROLLMENT PRIOR TO ACCEPTING PAYMENTS FROM THE LUTHERAN SGO. HOUSEHOLD SIZE AND INDIANA RESIDENCY IS ALSO VERIFIED FOR EACH APPLICANT. ALL SCHOLARSHIP PAYMENTS ARE MADE DIRECTLY TO THE SCHOOL.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA, INC. IS TO RAISE FUNDS FROM INDIVIDUALS AND BUSINESSES TO PROVIDE SCHOLARSHIP FUNDS TO ALL ELIGIBLE STUDENTS WANTING TO ATTEND AN INDIANA CHRISTIAN SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PART IV, 28(B) FAMILY RELATIONSHIP CARRIE GUTMAN, BOARD MEMBER, IS SISTER TO MICHAEL HAWK, THE ATTORNEY OF RECORD. LEGAL EXPENSES WERE LESS THAN THE 10,000 DISCLOSURE THRESHOLD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS PREPARED BY OUR AUDIT FIRM AND A DRAFT OF THE 990 IS SENT TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT. A FINAL VERSION IS APPROVED AND SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE REQUIRED TO REPORT ANY POTENTIAL CONFLICTS OF INTEREST ANNUALLY. MEMBERS AND EMPLOYEES HAVE A CONTINUING, AFFIRMATIVE DUTY TO REPORT ANY PERSONAL OWNERSHIP, INTEREST, OR OTHER RELATIONSHIP THAT MAY AFFECT THE MEMBER'S ABILITY TO EXERCISE IMPARTIAL AND ETHICAL JUDGEMENTS IN FUFILLING THEIR RESPONSIBILITIES. IF A BOARD MEMBER HAS A CONFLICT, THE MEMBER WILL ABSTAIN FROM DISCUSSION AND VOTING ON THE CONFLICTED ITEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. AT THE CURRENT TIME, ALL OFFICERS ARE VOLUNTEERS AND DO NOT RECEIVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ADMINISTRATIVE SERVICES ARE CONTRACTED WITH THE LUTHERAN SCHOOL PARTNERSHIP. THE SERVICES INCLUDE SCHOLARSHIP AND FUNDRAISING MANAGEMENT, ADVERTISING, PROMOTION AND MARKETING. THE CONTRACT AMOUNT COVERS THE PARTNERSHIP'S COSTS. ONE MEMBER OF THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA BOARD IS A REPRESENTATIVE OF THE BOARD OF THE LUTHERAN SCHOOLS PARTNERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
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ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BETH KITSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02603123289
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LUTHERAN SCHOLARSHIP GRANTING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ORGANIZATION OF INDIANA INC
ReturnHeader/Filer/BusinessNameControlTxt0LUTH
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FB5A07F1433D6BACB10A4FEA1453A75BBE22C5DD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.17.61.66
ReturnHeader/FilingSecurityInformation/IPDt02019-10-28
ReturnHeader/FilingSecurityInformation/IPTm009:40:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351939627
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BADEN GAGE & SCHROEDER LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06920 POINTE INVERNESS WAY 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT WAYNE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0468047926
ReturnHeader/PreparerPersonGrp/PhoneNum02604222551
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN D BOWMAN CPA
ReturnHeader/ReturnTs02019-11-12T09:31:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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