Civic Intelligence

First Lutheran Church Foundation

990 • Fiscal year 2020 • EIN 46-0355913

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

327 South Dakota AvenueSioux Falls, SD 57104

(605) 336-3734

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

5th percentile

0.00x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

5th percentile

-73%

Higher net margin than 5% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

52nd percentile

7.6%

Faster asset growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

35%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$13,633,851

Up $966,675 (+7.6%) from 2019

Net Assets

Up

$13,633,851

Up $966,675 (+7.6%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$525,678

Up $135,682 (+35%) from 2019

Expenses

Up

$910,042

Up $507,061 (+126%) from 2019

Net Income

Down

-$384,364

Down $371,379 (-2860%) from 2019

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $7,173,484Liabilities 2010: $0Net Assets 2010: $7,173,4842010Assets 2011: $7,035,122Liabilities 2011: $0Net Assets 2011: $7,035,1222011Assets 2012: $8,137,845Liabilities 2012: $0Net Assets 2012: $8,137,8452012Assets 2013: $9,369,122Liabilities 2013: $0Net Assets 2013: $9,369,1222013Assets 2014: $9,652,103Liabilities 2014: $0Net Assets 2014: $9,652,1032014Assets 2015: $9,913,036Liabilities 2015: $0Net Assets 2015: $9,913,0362015Assets 2016: $10,514,792Liabilities 2016: $0Net Assets 2016: $10,514,7922016Assets 2017: $11,806,876Liabilities 2017: $0Net Assets 2017: $11,806,8762017Assets 2018: $10,903,206Liabilities 2018: $0Net Assets 2018: $10,903,2062018Assets 2019: $12,667,176Liabilities 2019: $0Net Assets 2019: $12,667,1762019Assets 2020: $13,633,851Liabilities 2020: $0Net Assets 2020: $13,633,8512020Assets 2021: $15,654,258Liabilities 2021: $0Net Assets 2021: $15,654,2582021Assets 2022: $12,950,953Liabilities 2022: $0Net Assets 2022: $12,950,9532022Assets 2023: $14,888,804Liabilities 2023: $0Net Assets 2023: $14,888,8042023Assets 2024: $16,521,067Liabilities 2024: $0Net Assets 2024: $16,521,0672024

Highlighted filing

2020

Assets$13,633,851
Liabilities$0
Net Assets$13,633,851

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $13,2812010Expenses 2011: $5,1422011Expenses 2012: $153,8432012Revenue 2013: $273,231Expenses 2013: $239,884Net Income 2013: $33,3472013Revenue 2014: $1,096,889Expenses 2014: $511,691Net Income 2014: $585,1982014Revenue 2015: $1,348,062Expenses 2015: $268,255Net Income 2015: $1,079,8072015Revenue 2016: $444,034Expenses 2016: $300,158Net Income 2016: $143,8762016Revenue 2017: $346,945Expenses 2017: $336,717Net Income 2017: $10,2282017Revenue 2018: $625,227Expenses 2018: $370,839Net Income 2018: $254,3882018Revenue 2019: $389,996Expenses 2019: $402,981Net Income 2019: -$12,9852019Revenue 2020: $525,678Expenses 2020: $910,042Net Income 2020: -$384,3642020Revenue 2021: $1,206,664Expenses 2021: $429,649Net Income 2021: $777,0152021Revenue 2022: $431,680Expenses 2022: $469,546Net Income 2022: -$37,8662022Revenue 2023: $753,206Expenses 2023: $403,223Net Income 2023: $349,9832023Revenue 2024: $844,132Expenses 2024: $494,104Net Income 2024: $350,0282024

Highlighted filing

2020

Revenue$525,678
Expenses$910,042
Net Income-$384,364
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$525,678
Mission and Program Overview

Mission

To manage funds used for ministries and supplies in church sponsored programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$12,616,444$13,615,377▲ $998,933
Cash and Non-Interest-Bearing Accounts$50,732$18,474▼ $32,258
Total Assets$12,667,176$13,633,851▲ $966,675
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,917,869$8,039,076▲ $121,207
Net Assets Without Donor Restrictions$4,749,307$5,594,775▲ $845,468
Total Net Assets Fund Balance$12,667,176$13,633,851▲ $966,675
Total Liabilities and Net Assets / Fund Balance$12,667,176$13,633,851▲ $966,675

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,468,158--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$7,917,869$121,207--$8,039,076
2019$7,897,617$20,252--$7,917,869
2018$7,840,198$57,419--$7,897,617
2017$7,761,948$78,250--$7,840,198
2016$7,543,514$218,434--$7,761,948
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matt BockCo-chairperson
Allison CrawfordBoard Member
Ben KyteBoard Member
George LappBoard Member
Larry TollBoard Member
Randy EideBoard Member
Randy OlawskyBoard Member
Somer AndersonBoard Member
Marilyn VandemarkDirector
Tom WadsworthDirector
Chris NelsonFlc Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$121,207
Program Service Revenue
$0
Investment Income
$404,471
Other Revenue
$0
All Other Contributions
$121,207
Change in Net Assets
$-384,364

Audited Revenue Reconciliation

Revenue per Audited Statements
$525,678
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,351,039
Total Revenue per Audited Statements
$1,876,717
Total Revenue per Form 990
$525,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$904,510
Other Expenses$5,532
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$904,510--$904,510
Fees for Services Accounting-$4,966-$4,966
Fees for Services Management-$566-$566
Total Functional Expenses$904,510$5,532$0$910,042

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$910,042
Total Expenses per Audited Statements$910,042
Total Expenses per Form 990$910,042
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
First Lutheran Church-501(c)(3)To Fund Ministries and Supplies in Church Sponsored Programs.$904,510
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
No
Backup withholding compliance
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
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 form 990 is reviewed by officers of the first lutheran church foundation after preparation. Once reviewed and approved, the form 990 is signed and submitted to the internal revenue service.

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

Annually board member is required to sign off on written policy.

Form 990, Part VI, Section C, Line 18

All public documents are available upon request by contacting the first lutheran church foundation.

Form 990, Part VI, Section C, Line 19

All public documents are available upon request by contacting the first lutheran church foundation.

Filing and Contact Details

Filer

Filer Name
First Lutheran Church Foundation
EIN
46-0355913
Phone
6053363734
Address
327 SOUTH DAKOTA AVENUE, SIOUX FALLS, SD 57104

Signing Officer

Name
Somer Anderson
Title
Chairperson
Phone
6053363734
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Somer Anderson
Formed
1963
Legal Domicile
Sd
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Thurman Comes Foley & Co Llp
Address
416 SOUTH SECOND AVENUE, SIOUX FALLS, SD 57104-6904
Preparer
Meghan Garry
Phone
6053312550
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization has adopted the provision of fasb asc 740-10 (previously financial interpretation no. 48, accounting for uncertainty in income taxes), on may 1, 2009. The implementation of this standard had no impact on the financial statments. As of both the date of adoption, and current year, the unrecognized tax benefit accrual was zero.

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IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
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IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt00
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IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
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IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
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IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt013150514
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt012182224
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt034603
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt071421
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt013115911
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt012110803
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt0197258
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt0182733
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt012953256
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt011999491
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt0453364
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt0419982
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt013150514
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt012182224
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt0453364
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0419982
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0904510
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0FIRST LUTHERAN CHURCH OF SIOUX FALLS SD
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0904510
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt07917869
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0121207
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt08039076
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt07897617
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt020252
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07917869
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt07840198
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt057419
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt07897617
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt07761948
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt078250
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt07840198
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt07543514
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0218434
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt07761948
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03143898
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt19003321
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21468158
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PIMCO FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1VANGUARD
IRS990ScheduleD/OtherSecuritiesGrp/Desc2HARBOR FUND INTERNATIONAL
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISION OF FASB ASC 740-10 (PREVIOUSLY FINANCIAL INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES), ON MAY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATMENTS. AS OF BOTH THE DATE OF ADOPTION, AND CURRENT YEAR, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueSecuritiesAmt013615377
IRS990ScheduleD/TotalExpensesPerForm990Amt0910042
IRS990ScheduleD/TotalRevenuePerForm990Amt0525678
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01876717
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0910042
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0904510
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO FUND MINISTRIES AND SUPPLIES IN CHURCH SPONSORED PROGRAMS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FIRST LUTHERAN CHURCH
IRS990ScheduleI/RecipientTable/RecipientEIN0460232600
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY OFFICERS OF THE FIRST LUTHERAN CHURCH FOUNDATION AFTER PREPARATION. ONCE REVIEWED AND APPROVED, THE FORM 990 IS SIGNED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY BOARD MEMBER IS REQUIRED TO SIGN OFF ON WRITTEN POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING THE FIRST LUTHERAN CHURCH FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING THE FIRST LUTHERAN CHURCH FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.5$0.00$16.5$0.84$0.49$0.35
2023Detailed filing. Detailed filing data is available for this year.$14.9$0.00$14.9$0.75$0.40$0.35
2022Detailed filing. Detailed filing data is available for this year.$13.0$0.00$13.0$0.43$0.47$0.04
2021Detailed filing. Detailed filing data is available for this year.$15.7$0.00$15.7$1.21$0.43$0.78
2020Detailed filing. Detailed filing data is available for this year.$13.6$0.00$13.6$0.53$0.91$0.38
2019Detailed filing. Detailed filing data is available for this year.$12.7$0.00$12.7$0.39$0.40$0.01
2018Detailed filing. Detailed filing data is available for this year.$10.9$0.00$10.9$0.63$0.37$0.25
2017Detailed filing. Detailed filing data is available for this year.$11.8$0.00$11.8$0.35$0.34$0.01
2016Detailed filing. Detailed filing data is available for this year.$10.5$0.00$10.5$0.44$0.30$0.14
2015Detailed filing. Detailed filing data is available for this year.$9.91$0.00$9.91$1.35$0.27$1.08
2014Detailed filing. Detailed filing data is available for this year.$9.65$0.00$9.65$1.10$0.51$0.59
2013Detailed filing. Detailed filing data is available for this year.$9.37$0.00$9.37$0.27$0.24$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.14$0.00$8.14$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.04$0.00$7.04$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.17$0.00$7.17$0.01