Civic Intelligence

Lutheran Scholarship Granting Organization of Indiana Inc.

990 • Fiscal year 2021 • EIN 45-4856406

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 05, 2021

Organization ProfileWWW.LUTHERANSGO.ORG
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

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

58th percentile

18%

Higher net margin than 58% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

71st percentile

22%

Faster asset growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

53rd percentile

15%

Faster revenue growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$3,247,279

Up $594,211 (+22%) from 2020

Net Assets

Up

$3,241,647

Up $592,360 (+22%) from 2020

Liabilities

Up

$5,632

Up $1,851 (+49%) from 2020

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin58th percentile

Revenue

Up

$3,393,939

Up $440,732 (+15%) from 2020

Expenses

Down

$2,798,209

Down $97,982 (-3.4%) from 2020

Net Income

Up

$595,730

Up $538,714 (+945%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

2021

Assets$3,247,279
Liabilities$5,632
Net Assets$3,241,647
Open 2021 Filing

Operations Trend

Revenue Growth53rd percentile

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

2021

Revenue$3,393,939
Expenses$2,798,209
Net Income$595,730
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 5, 2021
Return Version
2020v4.0
Gross Receipts
$3,823,757
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,395,526$2,893,679▲ $498,153
Cash and Non-Interest-Bearing Accounts$257,542$353,135▲ $95,593
Prepaid Expenses and Deferred Charges-$465-
Total Assets$2,653,068$3,247,279▲ $594,211
Liabilities
Accounts Payable and Accrued Expenses$3,781$5,632▲ $1,851
Total Liabilities$3,781$5,632▲ $1,851
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,457,182$3,032,175▲ $574,993
Net Assets Without Donor Restrictions$192,105$209,472▲ $17,367
Total Net Assets Fund Balance$2,649,287$3,241,647▲ $592,360
Total Liabilities and Net Assets / Fund Balance$2,653,068$3,247,279▲ $594,211
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Beth KitsonPresident
Rev Dr Dennis GoffDirector
Eric TraunerTreasurer/se
Karl DavisVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
The Lutheran School PartnershipAdministrative1601 SAINT JOE RIVER DRIVE, Fort Wayne, IN 46805$133,850
Revenue and Support

Revenue Composition

Contributions and Grants
$3,368,683
Program Service Revenue
$0
Investment Income
$25,256
Other Revenue
$0
All Other Contributions
$3,368,683
Change in Net Assets
$595,730

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 Traded52$429,818Fair Market Value
Other Non Cash Contri Table3$13,627Fair Market Value
Total Noncash Contributions55$443,445-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,393,939
Revenue Not Reported on Form 990
$-3,370
Total Revenue per Audited Statements
$3,390,569
Total Revenue per Form 990
$3,393,939
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,586,508
Other Expenses$211,701
Total Fundraising Expense$46,386
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,586,508--$2,586,508
Fees for Services Other-$111,716$22,134$133,850
Advertising--$24,252$24,252
Fees for Services Accounting-$11,660-$11,660
Other Expenses-$4,995-$4,995
Fees for Services Legal-$632-$632
Insurance-$450-$450
Total Functional Expenses$2,586,508$165,315$46,386$2,798,209

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,798,209
Total Expenses per Audited Statements$2,798,209
Total Expenses per Form 990$2,798,209
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 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
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
Karl Davis
Title
Vice President
Phone
2603123289
Signed
2021-10-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karl Davis
Formed
2012
Legal Domicile
In
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
7

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 and distribute scholarship funds to all eligible students attending lutheran and other christian schools in states served by the lutheran sgo.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Income taxes: 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, 2021 and 2020. The organization believes it is no longer subject to income tax examinations for years prior to 2018.”

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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/ExplanationTxt0INCOME TAXES: 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, 2021 AND 2020. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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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.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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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 AND DISTRIBUTE SCHOLARSHIP FUNDS TO ALL ELIGIBLE STUDENTS ATTENDING LUTHERAN AND OTHER CHRISTIAN SCHOOLS IN STATES SERVED BY THE LUTHERAN SGO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2BOARD 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/ExplanationTxt3COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. AT THE CURRENT TIME, ALL OFFICERS ARE VOLUNTEERS AND DO NOT RECEIVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADMINISTRATIVE 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, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KARL DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02603123289
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LUTHERAN SCHOLARSHIP GRANTING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ORGANIZATION OF INDIANA INC
ReturnHeader/Filer/BusinessNameControlTxt0LUTH
ReturnHeader/Filer/EIN0454856406
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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/PreparationDt02021-10-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN D BOWMAN CPA
ReturnHeader/ReturnTs02021-10-25T11:17:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KARL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DAVIS
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,247,279
Liabilities
$5,632
Net assets
$3,241,647
Revenue
$3,393,939
Expenses
$2,798,209
Net income
$595,730
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.52$0.00$8.52$5.81$4.19$1.61
2024Detailed filing. Detailed filing data is available for this year.$6.90$0.01$6.89$5.00$3.28$1.72
2023Detailed filing. Detailed filing data is available for this year.$5.30$0.15$5.15$4.92$3.69$1.23
2022Detailed filing. Detailed filing data is available for this year.$3.93$0.01$3.91$4.49$3.79$0.70
2021Detailed filing. Detailed filing data is available for this year.$3.25$0.01$3.24$3.39$2.80$0.60
2020Detailed filing. Detailed filing data is available for this year.$2.65$0.00$2.65$2.95$2.90$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.62$0.03$2.59$2.79$2.58$0.21
2018Summary only. Only limited summary data is available for this year.$2.38$0.00$2.38$3.29$2.54$0.74
2017Summary only. Only limited summary data is available for this year.$1.63$0.00$1.63$2.21$2.05$0.17
2016Summary only. Only limited summary data is available for this year.$1.47$0.00$1.47$1.88$1.91$0.04
2015Summary only. Only limited summary data is available for this year.$1.51$0.00$1.51$2.65$1.59$1.06
2014Summary only. Only limited summary data is available for this year.$0.45$0.00$0.44$1.47$1.17$0.30
2013Summary only. Only limited summary data is available for this year.$0.15$0.01$0.14$0.31$0.16$0.14