Civic Intelligence

Luther Classical College

990 • Fiscal year 2022 • EIN 86-1430466

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

2300 South HickoryCasper, WY 82604

(307) 287-3348

Siviq Scores

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

Liabilities / Assets

49th percentile

0.02x

Higher debt load relative to assets than 49% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

44th percentile

0.01x

Higher debt load relative to revenue than 44% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

93rd percentile

62%

Higher net margin than 93% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

98th percentile

437%

Faster asset growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

98th percentile

465%

Faster revenue growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$484,956

Up $394,595 (+437%) from 2021

Net Assets

Up

$477,577

Up $387,216 (+429%) from 2021

Liabilities

Up

$7,379

Up $7,379 from 2021

Revenue

Up

$625,595

Up $514,798 (+465%) from 2021

Expenses

Up

$238,379

Up $217,943 (+1066%) from 2021

Net Income

Up

$387,216

Up $296,855 (+329%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2021: $90,361Liabilities 2021: $0Net Assets 2021: $90,3612021Assets 2022: $484,956Liabilities 2022: $7,379Net Assets 2022: $477,5772022Assets 2023: $1,765,613Liabilities 2023: $64,763Net Assets 2023: $1,700,8502023Assets 2024: $4,265,602Liabilities 2024: $346,294Net Assets 2024: $3,919,3082024

Highlighted filing

2022

Assets$484,956
Liabilities$7,379
Net Assets$477,577

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2021: $110,797Expenses 2021: $20,436Net Income 2021: $90,3612021Revenue 2022: $625,595Expenses 2022: $238,379Net Income 2022: $387,2162022Revenue 2023: $1,954,653Expenses 2023: $735,392Net Income 2023: $1,219,2612023Revenue 2024: $3,550,295Expenses 2024: $1,331,837Net Income 2024: $2,218,4582024

Highlighted filing

2022

Revenue$625,595
Expenses$238,379
Net Income$387,216
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$625,595
Mission and Program Overview

Mission

Luther classical college educates lutherans in the classical, lutheran tradition and prepares them for godly vocations within family, church, and society, fostering christian culture through study of the best of our western heritage.

The college will provide a conservative, classical lutheran education to students. Paramount will be the promotion of christian culture, a stress on the priority of christian marriage, family, and piety, and a cultivation of confessional lutheran theology, liturgy, hymnody, and identity. With courses using the "great books" of the past for the core curriculum, the college will offer latin, history, theology, literature, logic, rhetoric, music, geometry, biology, and mathematics, all within a purposefully christian and lutheran framework.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$90,361$477,577▲ $387,216
Cash and Non-Interest-Bearing Accounts-$183,489-
Savings and Temporary Cash Investments$90,361$176,157▲ $85,796
Prepaid Expenses and Deferred Charges-$78,010-
Pledges and Grants Receivable-$47,300-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$90,361$484,956▲ $394,595
Liabilities
Accounts Payable and Accrued Expenses-$7,379-
Total Liabilities$0$7,379▲ $7,379
Net Assets / Fund Balance
Total Net Assets Fund Balance$90,361$477,577▲ $387,216
Total Liabilities and Net Assets / Fund Balance$90,361$484,956▲ $394,595
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$624,981
Program Service Revenue
$0
Investment Income
$614
Other Revenue
$0
All Other Contributions
$624,981
Change in Net Assets
$387,216

Audited Revenue Reconciliation

Revenue per Audited Statements
$625,595
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$625,595
Total Revenue per Form 990
$625,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,322
Salaries, Compensation, and Employee Benefits$82,057
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$94,940$4,266-$99,206
Other Salaries and Wages$74,195$2,031-$76,226
Office Expenses$1,420$6,144-$7,564
Payroll Taxes$5,653$178-$5,831
Travel$3,484$1,792-$5,276
Conferences and Meetings$3,268--$3,268
Other Expenses$40,763$245-$245
Total Functional Expenses$223,723$14,656$0$238,379

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$238,379
Total Expenses per Audited Statements$238,379
Total Expenses per Form 990$238,379
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
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, Part VI, Section A, Line 1A

Until such a time as a president for luther classical college can be hired, the board of regents has delegated authority to the chairman of the board to be acting president and to exercise the decision making authority of that office.

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

The treasurer and the board reviews the 990 before it is filed but the treasurer will approve the return .

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

The board monitors and enforces compliance with the conflict of interest policy by requiring board members, employees, contractors, and volunteers to review applicable business and family relationships and disclose any actual or possible conflicts. The board then reviews any disclosed actual or possible conflicts of interest. If a conflict of interest is found, appropriate steps are taken to mitigate or eliminate the conflict of interest.

Form 990, Part VI, Section B, Line 15

The board has conducted research of similar organizations regarding the compensation for key employees and has reviewed market trends. The research has been compared to public information of other non-profit organizations for verification. After such research and verification the board deliberates and decides on compensation for key employees at their quarterly meetings. The meetings are contemporaneously documented in the meeting minutes.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Hunter anderson - 1920 terrace, laramie, wy 82070. Justin benson - 1103 winona st, chatfield, mn 55923. Paul cain - 910 idaho ave, sheridan, wy 82801. Larry harrington - 1713 kelly dr, casper, wy 82609. Joshua hayes - 312 national rd, palmer, ks 66962. John hill - 3630 navarre rd, casper, wy 82604. Christopher maronde - 2049 g ave, shenandoah, ia 51601. Reed shoaff - 4046 nc highway 16 n, taylorsville, nc 28681. Micah christensen - 415 goodstein dr, casper, wy 82601. Robert paul - 5800 westheimer rd, houston , tx 77057. Christian preus - 3721 w 46th st, casper, wy 82604.

Filing and Contact Details

Filer

Filer Name
Luther Classical College
EIN
86-1430466
Phone
3072873348
Address
2300 SOUTH HICKORY, CASPER, WY 82604

Signing Officer

Name
Micah Christensen
Title
Treasurer
Phone
3072873348
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Micah Christensen
Formed
2020
Legal Domicile
Wy
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
0

Preparer

Firm
Porter Muirhead Cornia & Howard Cpas
Address
PO BOX 2750, CASPER, WY 82602
Preparer
Dax O Collins CPA
Phone
3072654311
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The oversight and selection process was not changed during the year.

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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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IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
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IRS990ScheduleE/DiscriminateRaceOtherActyInd00
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IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DID NOT SOLICIT OR REGISTER STUDENTS DURING THIS TAXABLE YEAR. HOWEVER, THE ORGANIZATION HAS POSTED ITS NONDISCRIMINATORY POLICY ON ITS PRIMARY ACCESSIBLE INTERNET HOMEPAGE IN A MANNER REASONABLY EXPECTED TO BE NOTICED BY VISITORS AND WILL PRINT IT ANNUALLY IN ITS PUBLICATIONS DURING REGISTRATION AND ITS SOLICITATION PROGRAM.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY STUDENTS, FACULTY, OR ADMINISTRATIVE STAFF AT THIS TIME , AND HAS NOT AWARDED ANY SCHOLARSHIPS. THE ORGANIZATION HAS NOT SENT ANY CATALOGUES, BROCHURES, ANNOUNCEMENTS, OR OTHER WRITTEN MATERIALS WITH RESPECT TO STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS AT THIS TIME.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UNTIL SUCH A TIME AS A PRESIDENT FOR LUTHER CLASSICAL COLLEGE CAN BE HIRED, THE BOARD OF REGENTS HAS DELEGATED AUTHORITY TO THE CHAIRMAN OF THE BOARD TO BE ACTING PRESIDENT AND TO EXERCISE THE DECISION MAKING AUTHORITY OF THAT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER AND THE BOARD REVIEWS THE 990 BEFORE IT IS FILED BUT THE TREASURER WILL APPROVE THE RETURN .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING BOARD MEMBERS, EMPLOYEES, CONTRACTORS, AND VOLUNTEERS TO REVIEW APPLICABLE BUSINESS AND FAMILY RELATIONSHIPS AND DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS. THE BOARD THEN REVIEWS ANY DISCLOSED ACTUAL OR POSSIBLE CONFLICTS OF INTEREST. IF A CONFLICT OF INTEREST IS FOUND, APPROPRIATE STEPS ARE TAKEN TO MITIGATE OR ELIMINATE THE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD HAS CONDUCTED RESEARCH OF SIMILAR ORGANIZATIONS REGARDING THE COMPENSATION FOR KEY EMPLOYEES AND HAS REVIEWED MARKET TRENDS. THE RESEARCH HAS BEEN COMPARED TO PUBLIC INFORMATION OF OTHER NON-PROFIT ORGANIZATIONS FOR VERIFICATION. AFTER SUCH RESEARCH AND VERIFICATION THE BOARD DELIBERATES AND DECIDES ON COMPENSATION FOR KEY EMPLOYEES AT THEIR QUARTERLY MEETINGS. THE MEETINGS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HUNTER ANDERSON - 1920 TERRACE, LARAMIE, WY 82070. JUSTIN BENSON - 1103 WINONA ST, CHATFIELD, MN 55923. PAUL CAIN - 910 IDAHO AVE, SHERIDAN, WY 82801. LARRY HARRINGTON - 1713 KELLY DR, CASPER, WY 82609. JOSHUA HAYES - 312 NATIONAL RD, PALMER, KS 66962. JOHN HILL - 3630 NAVARRE RD, CASPER, WY 82604. CHRISTOPHER MARONDE - 2049 G AVE, SHENANDOAH, IA 51601. REED SHOAFF - 4046 NC HIGHWAY 16 N, TAYLORSVILLE, NC 28681. MICAH CHRISTENSEN - 415 GOODSTEIN DR, CASPER, WY 82601. ROBERT PAUL - 5800 WESTHEIMER RD, HOUSTON , TX 77057. CHRISTIAN PREUS - 3721 W 46TH ST, CASPER, WY 82604.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE OVERSIGHT AND SELECTION PROCESS WAS NOT CHANGED DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
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IRS990/USAddress/AddressLine1Txt0415 GOODSTEIN DRIVE
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICAH CHRISTENSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PORTER MUIRHEAD CORNIA & HOWARD CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2750
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ReturnHeader/PreparerPersonGrp/PhoneNum03072654311
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAX O COLLINS CPA
ReturnHeader/ReturnTs02023-11-14T17:46:13-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICAH

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