Civic Intelligence

Luther House of Study

EIN 88-1810650 • 501(c)3 • Sioux Falls, SD

Profile

Grounded in lutheran theology, we strengthen lutheran leadership and ministries for the proclamation of the gospel.

2100 S Summit AveSioux Falls, SD 57105-2729

www.lutherhouseofstudy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.01x

Higher debt load relative to assets than 46% of similar nonprofits.

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

Liabilities / Revenue

41st percentile

0.00x

Higher debt load relative to revenue than 41% of similar nonprofits.

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

Net Margin

88th percentile

45%

Higher net margin than 88% of similar nonprofits.

501(c)3 • $500k-$1M 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

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

Up

$1,825,904

Up $468,022 (+34%) from 2024

Liabilities

Up

$223,842

Up $215,515 (+2588%) from 2024

Net Assets

Up

$1,602,062

Up $252,507 (+19%) from 2024

Revenue

Down

$983,586

Down $652,510 (-40%) from 2024

Expenses

Down

$778,809

Down $68,289 (-8.1%) from 2024

Net Income

Down

$204,777

Down $584,221 (-74%) from 2024

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2022: $381,427Liabilities 2022: $3,871Net Assets 2022: $377,5562022Assets 2023: $574,042Liabilities 2023: $18,523Net Assets 2023: $555,5192023Assets 2024: $1,357,882Liabilities 2024: $8,327Net Assets 2024: $1,349,5552024Assets 2025: $1,825,904Liabilities 2025: $223,842Net Assets 2025: $1,602,0622025

Highlighted filing

2025

Assets$1,825,904
Liabilities$223,842
Net Assets$1,602,062

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2022: $825,925Expenses 2022: $451,256Net Income 2022: $374,6692022Revenue 2023: $1,058,310Expenses 2023: $901,979Net Income 2023: $156,3312023Revenue 2024: $1,636,096Expenses 2024: $847,098Net Income 2024: $788,9982024Revenue 2025: $983,586Expenses 2025: $778,809Net Income 2025: $204,7772025

Highlighted filing

2025

Revenue$983,586
Expenses$778,809
Net Income$204,777

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 24, 2026
Return Version
2025v4.0
Gross Receipts
$983,586
Mission and Program Overview

Mission

Grounded in lutheran theology, we strengthen lutheran leadership and ministries for the proclamation of the gospel.

Strengthening lutheran leadership and ministries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,349,555$1,602,062▲ $252,507
Savings and Temporary Cash Investments$300,000$942,703▲ $642,703
Investments in Publicly Traded Securities$503,633$574,173▲ $70,540
Cash and Non-Interest-Bearing Accounts$549,626$305,798▼ $243,828
Prepaid Expenses and Deferred Charges$2,623$2,030▼ $593
Intangible Assets$2,000$1,200▼ $800
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,357,882$1,825,904▲ $468,022
Liabilities
Accounts Payable and Accrued Expenses$8,327$223,842▲ $215,515
Total Liabilities$8,327$223,842▲ $215,515
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,349,555$1,602,062▲ $252,507
Total Liabilities and Net Assets / Fund Balance$1,357,882$1,825,904▲ $468,022
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher CroghanSecretary/chief Academic OfficerFT$54,664$74,770$129,434
Sarah StensonChief Executive OfficerFT$69,664$59,770$129,434

Board Members and Trustees

NameTitle
Ryan GagePresident & Treasurer
Miriam BroinVice President
ROBERT O'CONNORDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$937,794
Program Service Revenue
$600
Investment Income
$45,192
Other Revenue
$0
All Other Contributions
$937,794
Change in Net Assets
$204,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$436,106
Other Expenses$332,653
Total Fundraising Expense$13,097
Grants and Similar Amounts Paid$10,050
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$213,565$32,358$12,944$258,867
Other Salaries and Wages$102,373--$102,373
Comp Disqual Persons$63,150--$63,150
Fees for Services Other-$61,699-$61,699
Travel$31,192--$31,192
Advertising$20,404--$20,404
Grants to Domestic Orgs$10,050--$10,050
Office Expenses$5,899--$5,899
Insurance-$4,168-$4,168
Payroll Taxes$3,543$390$153$4,086
Other Employee Benefits$3,902--$3,902
Pension Plan Contributions$3,728--$3,728
Fees for Service Investment Mgmnt Fees-$3,119-$3,119
Other Expenses$2,870--$2,870
Information Technology$1,726--$1,726
Depreciation Depletion$800--$800
Total Functional Expenses$663,978$101,734$13,097$778,809
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
North American Baptist Seminary Dba Kairos UniversitySioux Falls, SD501(c)(3)Scholarships for International Seminary Students$10,050
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Maxwell StensonIndependent ContractorOnline Learning Design, Website Work, Marketing/communicationsNo$63,150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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, Part VI, Section A, Line 8B

There are no committees able to act on behalf of the board.

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

The ceo reviews the 990 and provides a copy to the board for their review before filing.

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

All directors will disclose to the board any possible conflict of interest at the earliest practical time. No director will vote on any matter, under consideration at a board or committee meeting, in which such director has a conflict of interest, and may speak on the matter only with the permission of the chair of the board. The minutes of such meeting will reflect that a disclosure was made and that the director, having a conflict of interest, abstained from voting. The minutes of meetings at which such votes are taken will record such disclosure, abstention, and rationale for approval. Any director who is uncertain whether a conflict of interest may exist in any matter may request the board to resolve the question by a majority vote.

Form 990, Part VI, Section B, Line 15A

Because all current full-time luther house of study employees are ordained, the standard of rostered minister guidelines was used to help determine compensation and benefits. Use of this standard and compensation levels were approved by the board of directors.

Form 990, Part VI, Section C, Line 19

It is made avaliable upon request.

Filing and Contact Details

Filer

Filer Name
Luther House of Study
EIN
88-1810650
Phone
6053665408
Address
2100 S SUMMIT AVE, SIOUX FALLS, SD 57105-2729

Signing Officer

Name
Sarah Stenson
Title
CEO
Phone
6053665408
Signed
2026-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Stenson
Formed
2022
Legal Domicile
Sd
Voting Board Members
4
Independent Board Members
3
Employees
4
Volunteers
3

Preparer

Firm
Eide Bailly Llp
Address
345 N REID PL STE 400, SIOUX FALLS, SD 57103-7034
Preparer
Laurie Hanson CPA
Phone
6053391999
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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010050
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS FOR INTERNATIONAL SEMINARY STUDENTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NORTH AMERICAN BAPTIST SEMINARY DBA KAIROS UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0460237098
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02100 SOUTH SUMMIT AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SIOUX FALLS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd057105
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE PROVIDED TO KAIROS UNIVERSITY FOR NON UNITED STATES STUDENTS WHO HAVE SUCCESSFULLY COMPLETED A SPECIFIC COURSE AND ARE STUDYING IN THE LUTHER HOUSE OF STUDY CURRICULUM. KAIROS UNIVERSITY DETERMINES WHICH STUDENTS MEET THIS CRITERIA AND THEN INVOICES LUTHER HOUSE OF STUDY ON A MONTHLY BASIS FOR THOSE STUDENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MAXWELL STENSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0INDEPENDENT CONTRACTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt063150
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ONLINE LEARNING DESIGN, WEBSITE WORK, MARKETING/COMMUNICATIONS
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES ABLE TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CEO REVIEWS THE 990 AND PROVIDES A COPY TO THE BOARD FOR THEIR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DIRECTORS WILL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. NO DIRECTOR WILL VOTE ON ANY MATTER, UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH DIRECTOR HAS A CONFLICT OF INTEREST, AND MAY SPEAK ON THE MATTER ONLY WITH THE PERMISSION OF THE CHAIR OF THE BOARD. THE MINUTES OF SUCH MEETING WILL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE DIRECTOR, HAVING A CONFLICT OF INTEREST, ABSTAINED FROM VOTING. THE MINUTES OF MEETINGS AT WHICH SUCH VOTES ARE TAKEN WILL RECORD SUCH DISCLOSURE, ABSTENTION, AND RATIONALE FOR APPROVAL. ANY DIRECTOR WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD TO RESOLVE THE QUESTION BY A MAJORITY VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BECAUSE ALL CURRENT FULL-TIME LUTHER HOUSE OF STUDY EMPLOYEES ARE ORDAINED, THE STANDARD OF ROSTERED MINISTER GUIDELINES WAS USED TO HELP DETERMINE COMPENSATION AND BENEFITS. USE OF THIS STANDARD AND COMPENSATION LEVELS WERE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IT IS MADE AVALIABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01357882
IRS990/TotalAssetsEOYAmt01825904
IRS990/TotalAssetsGrp/BOYAmt01357882
IRS990/TotalAssetsGrp/EOYAmt01825904
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0937794
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013097
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0101734
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0663978
IRS990/TotalFunctionalExpensesGrp/TotalAmt0778809
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08327
IRS990/TotalLiabilitiesEOYAmt0223842
IRS990/TotalLiabilitiesGrp/BOYAmt08327
IRS990/TotalLiabilitiesGrp/EOYAmt0223842
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01349555
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01602062
IRS990/TotalOtherCompensationAmt0134540
IRS990/TotalProgramServiceExpensesAmt0663978
IRS990/TotalProgramServiceRevenueAmt0600
IRS990/TotalReportableCompFromOrgAmt0124328
IRS990/TotalRevenueGrp/ExclusionAmt045192
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0600
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0983586
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01357882
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01825904
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt031192
IRS990/TravelGrp/TotalAmt031192
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02100 S SUMMIT AVE
IRS990/USAddress/CityNm0SIOUX FALLS
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd0571052729
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.LUTHERHOUSEOFSTUDY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SARAH STENSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06053665408
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LUTHER HOUSE OF STUDY
ReturnHeader/Filer/BusinessNameControlTxt0LUTH
ReturnHeader/Filer/EIN0881810650
ReturnHeader/Filer/PhoneNum06053665408
ReturnHeader/Filer/USAddress/AddressLine1Txt02100 S SUMMIT AVE
ReturnHeader/Filer/USAddress/CityNm0SIOUX FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd0571052729
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0345 N REID PL STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIOUX FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0571037034
ReturnHeader/PreparerPersonGrp/PhoneNum06053391999
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURIE HANSON CPA
ReturnHeader/ReturnTs02026-03-24T14:04:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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