Civic Intelligence

Trinity Lutheran Church Endowment

EIN 46-0340425 • 501(c)3 • Rapid City, SD

Profile

The mission of the foundation is to receive by gift, grant, devise, or bequeath of moneys and property, real, personal and mixed, and to hold, invest and reinvest such property so acquired in real estate, bonds, mortgages, preferred and common stocks and other forms of investments and to administer and use the same as provided herein and to use and devote the net rents and income thereof to the benefit and maintenance of trinity lutheran church of rapid city, sd.

402 Kansas City StreetRapid City, SD 57701

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 2022

Liabilities / Revenue

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

6th percentile

-55%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

14th percentile

-11%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

74th percentile

27%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,681,448

Down $198,934 (-11%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$1,681,448

Down $198,934 (-11%) from 2021

Revenue

Up

$74,138

Up $15,814 (+27%) from 2021

Expenses

Down

$115,030

Down $77,082 (-40%) from 2021

Net Income

Up

-$40,892

Up $92,896 (+69%) from 2021

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,553,621Liabilities 2011: $0Net Assets 2011: $1,553,6212011Assets 2012: $1,673,702Liabilities 2012: $0Net Assets 2012: $1,673,7022012Assets 2013: $1,869,797Liabilities 2013: $0Net Assets 2013: $1,869,7972013Assets 2014: $2,142,476Liabilities 2014: $180,000Net Assets 2014: $1,962,4762014Assets 2015: $2,091,242Liabilities 2015: $240,000Net Assets 2015: $1,851,2422015Assets 2016: $2,082,403Liabilities 2016: $220,000Net Assets 2016: $1,862,4032016Assets 2017: $2,087,295Liabilities 2017: $154,496Net Assets 2017: $1,932,7992017Assets 2018: $1,879,392Liabilities 2018: $50,034Net Assets 2018: $1,829,3582018Assets 2019: $1,967,250Liabilities 2019: $18,579Net Assets 2019: $1,948,6712019Assets 2020: $1,953,777Liabilities 2020: $0Net Assets 2020: $1,953,7772020Assets 2021: $1,880,382Liabilities 2021: $0Net Assets 2021: $1,880,3822021Assets 2022: $1,681,448Liabilities 2022: $0Net Assets 2022: $1,681,4482022

Highlighted filing

2022

Assets$1,681,448
Liabilities$0
Net Assets$1,681,448

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2011: $1,547Expenses 2011: $37,873Net Income 2011: -$36,3262011Revenue 2012: $132,132Expenses 2012: $71,915Net Income 2012: $60,2172012Revenue 2013: $128,365Expenses 2013: $46,363Net Income 2013: $82,0022013Revenue 2014: $244,754Expenses 2014: $75,897Net Income 2014: $168,8572014Revenue 2015: $89,566Expenses 2015: $103,361Net Income 2015: -$13,7952015Revenue 2016: $70,603Expenses 2016: $102,964Net Income 2016: -$32,3612016Revenue 2017: $131,382Expenses 2017: $100,413Net Income 2017: $30,9692017Revenue 2018: $152,083Expenses 2018: $89,767Net Income 2018: $62,3162018Revenue 2019: $71,527Expenses 2019: $79,107Net Income 2019: -$7,5802019Revenue 2020: $99,313Expenses 2020: $145,748Net Income 2020: -$46,4352020Revenue 2021: $58,324Expenses 2021: $192,112Net Income 2021: -$133,7882021Revenue 2022: $74,138Expenses 2022: $115,030Net Income 2022: -$40,8922022

Highlighted filing

2022

Revenue$74,138
Expenses$115,030
Net Income-$40,892

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 12, 2023
Return Version
2022v5.0
Gross Receipts
$167,408
Mission and Program Overview

Mission

The mission of the foundation is to receive by gift, grant, devise, or bequeath of moneys and property, real, personal and mixed, and to hold, invest and reinvest such property so acquired in real estate, bonds, mortgages, preferred and common stocks and other forms of investments and to administer and use the same as provided herein and to use and devote the net rents and income thereof to the benefit and maintenance of trinity lutheran church of rapid city, sd.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$927,098$752,372▼ $174,726
Land, Buildings, and Equipment, Net$774,691$740,027▼ $34,664
Savings and Temporary Cash Investments$10,744$21,200▲ $10,456
Cash and Non-Interest-Bearing Accounts$496$496→ $0
Total Assets$1,880,382$1,681,448▼ $198,934
Other Assets Total$167,353$167,353→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,858,905$1,659,971▼ $198,934
Net Assets With Donor Restrictions$21,477$21,477→ $0
Total Net Assets Fund Balance$1,880,382$1,681,448▼ $198,934
Total Liabilities and Net Assets / Fund Balance$1,880,382$1,681,448▼ $198,934

Asset Categories

AssetBook ValueDepreciationBasis
Land$550,000-$550,000
Leasehold Improvements$190,027$329,940$519,967
Other Assets Org$69,470--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nancy WhitcherPresident
Anna DesmetDirector
Dirk CourchaineDirector
Doug JensenDirector
Dr Lee AhrlinDirector
Jill JegerisDirector
Tim PavekDirector
Lisa DoyleTreasurer
Ken SteinkenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$30,900
Program Service Revenue
$0
Investment Income
$43,238
Other Revenue
$0
All Other Contributions
$30,900
Change in Net Assets
$-40,892
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$115,030
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
Other Expenses$68,893--$68,893
Depreciation Depletion$34,664--$34,664
Fees for Service Investment Mgmnt Fees$6,228--$6,228
Office Expenses$4,356--$4,356
Fees for Services Accounting-$889-$889
Total Functional Expenses$114,141$889$0$115,030
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

The finance committee of the foundation reviews the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 19

A copy of the required documents are maintained by both the treasurer of the foundation and the (supported) church's office. Copies are available upon written or in-person request from either of these parties.

Filing and Contact Details

Filer

Filer Name
Trinity Lutheran Church Endowment
EIN
46-0340425
Address
402 KANSAS CITY STREET, RAPID CITY, SD 57701

Signing Officer

Name
Anna Desmet
Title
Director
Signed
2023-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Whitcher
Formed
1976
Legal Domicile
Sd
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Fenenga Desmet & Company LLC
Address
PO BOX 748, WINNER, SD 57580
Preparer
Anna Desmet
Phone
6058421757
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the foundation is to receive by gift, grant, devise, or bequeath of moneys and property, real, personal and mixed, and to hold, invest and reinvest such property so acquired in real estate, bonds, mortgages, preferred and common stocks and other forms of investments and to administer and use the same as provided herein and to use and devote the net rents and income thereof to the benefit and maintenance of trinity lutheran church of rapid city, sd.

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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/ExplanationTxt2THE FOUNDATION RAISED FUNDS TO SUPPORT AND FURTHER THE CHURCH'S EXEMPT PURPOSE. IF THE FOUNDATION HAD NOT PROVIDED THIS SUPPORT, THE CHURCH WOULD HAVE NEEDED TO FIND ADDITIONAL FUNDING TO BE ABLE TO OPERATE AT ITS CURRENT LEVEL OF STAFFING AND MISSIONS.
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt068893
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TRINITY LUTHERAN CHURCH
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IRS990ScheduleD/LandGrp/BookValueAmt0550000
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0329940
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt097883
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt169470
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LIFE INSURANCE POLICY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1THRIVENT LIFE INSURANCE POLICY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE FOUNDATION IS TO RECEIVE BY GIFT, GRANT, DEVISE, OR BEQUEATH OF MONEYS AND PROPERTY, REAL, PERSONAL AND MIXED, AND TO HOLD, INVEST AND REINVEST SUCH PROPERTY SO ACQUIRED IN REAL ESTATE, BONDS, MORTGAGES, PREFERRED AND COMMON STOCKS AND OTHER FORMS OF INVESTMENTS AND TO ADMINISTER AND USE THE SAME AS PROVIDED HEREIN AND TO USE AND DEVOTE THE NET RENTS AND INCOME THEREOF TO THE BENEFIT AND MAINTENANCE OF TRINITY LUTHERAN CHURCH OF RAPID CITY, SD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCE COMMITTEE OF THE FOUNDATION REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE REQUIRED DOCUMENTS ARE MAINTAINED BY BOTH THE TREASURER OF THE FOUNDATION AND THE (SUPPORTED) CHURCH'S OFFICE. COPIES ARE AVAILABLE UPON WRITTEN OR IN-PERSON REQUEST FROM EITHER OF THESE PARTIES.
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 19
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IRS990/TotalRevenueGrp/ExclusionAmt043238
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt074138
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01880382
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01681448
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011901 EASTRIDGE HILL RD
IRS990/USAddress/CityNm0BLACK HAWK
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057718
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNA DESMET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRINITY LUTHERAN CHURCH ENDOWMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0TRIN
ReturnHeader/Filer/EIN0460340425
ReturnHeader/Filer/USAddress/AddressLine1Txt0402 KANSAS CITY STREET
ReturnHeader/Filer/USAddress/CityNm0RAPID CITY
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ReturnHeader/Filer/USAddress/ZIPCd057701
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205804965
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FENENGA DESMET & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 748
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINNER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057580
ReturnHeader/PreparerPersonGrp/PhoneNum06058421757
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANNA DESMET
ReturnHeader/ReturnTs02023-11-15T19:20:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANNA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DESMET
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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