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Lutheran Legacy Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203142622 ✦ Paris, IL ✦ Designated as a 501(c)(3)

Overview

What is Lutheran Legacy Foundation Inc?

Lutheran Legacy Foundation Inc, based in Paris, Illinois, is a nonprofit organization dedicated to charitable, religious, educational, and scientific pursuits. Their primary function involves distributing funds to qualified charitable organizations, which fall under Section 501(C)(3) of the Internal Revenue Code, or any future federal tax code equivalent. The foundation's purpose is to support these organizations, subject to any restrictions stated in the donation instrument. With a team of four individuals, Lutheran Legacy Foundation Inc aims to contribute to the betterment of various sectors through its charitable distributions.


Official website here: www.lutheranlegacyfoundation.org

Is Lutheran Legacy Foundation Inc legitimate?

Lutheran Legacy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Legacy Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $148,733
Professional Fundraising Fees: $0
Other Salaries and Wages: $62,766

For more financial information, click here


Official website here: www.lutheranlegacyfoundation.org

What is the mission statement of Lutheran Legacy Foundation Inc?

Lutheran Legacy Foundation Inc, as per its mission statement, is established for charitable, religious, educational, and scientific purposes. The organization is set up to distribute funds to organizations that qualify as exempt under Section 501(C)(3) of the Internal Revenue Code or its corresponding section in any future federal tax code. The primary objective of Lutheran Legacy Foundation Inc is to distribute these funds to eligible charitable organizations, adhering to any limitations or restrictions specified in the instrument under which the donation was contributed. The foundation's purpose is aligned with its charitable status, aiming to contribute positively to various sectors in need.


Official website here: www.lutheranlegacyfoundation.org

Who is the CEO of Lutheran Legacy Foundation Inc?

Thomas E Patchett is the Executive Di of Lutheran Legacy Foundation Inc.


Official website here: www.lutheranlegacyfoundation.org

What is the revenue of Lutheran Legacy Foundation Inc?

Lutheran Legacy Foundation Inc's revenue in 2022 was $3,118,884.


Official website here: www.lutheranlegacyfoundation.org

Who are the executives of Lutheran Legacy Foundation Inc and what are their salaries?

The average compensation at Lutheran Legacy Foundation Inc during 2022 was $52,875. There are 4 employees at Lutheran Legacy Foundation Inc.

Here are 6 key members and their salaries:

    Jerry L Klug (Executive Di) [Trustee/Director]
  • Compensation: $70,800
  • Related: $0
  • Other: $10,284

    • Christopher Eldredge (Secretary) [Trustee/Director]
  • Compensation: $14,968
  • Related: $0
  • Other: $0

    • Thomas E Patchett (President) [Trustee/Director]
  • Compensation: $14,182
  • Related: $0
  • Other: $0

    • James Jordan-Wagner (Treasurer) [Trustee/Director]
  • Compensation: $14,000
  • Related: $0
  • Other: $0

    • Ingrid Petrich (Director)
  • Compensation: $13,380
  • Related: $0
  • Other: $0

    • Mark Bluhm (Director)
  • Compensation: $13,000
  • Related: $0
  • Other: $0


  • Official website here: www.lutheranlegacyfoundation.org

    Where can I find the form 990 for Lutheran Legacy Foundation Inc?

    The Lutheran Legacy Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lutheranlegacyfoundation.org

    Learn more at the official website: www.lutheranlegacyfoundation.org

    Mission Statement of Lutheran Legacy Foundation Inc

    Lutheran Legacy Foundation Inc, an organization dedicated to charitable, religious, educational, and scientific pursuits, is established with the primary goal of distributing funds to qualified charitable organizations. Aligned with sections 501(C)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code, this foundation serves as a conduit for philanthropic donations. Its purpose is to distribute these funds to eligible charitable organizations, adhering to any limitations or restrictions specified in the donation instrument. The Lutheran Legacy Foundation Inc's mission is to support various charitable causes, contributing to the betterment of society in numerous ways.

    Impact

    This information is meant to be a general summary of Lutheran Legacy Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Lutheran Legacy Foundation Inc's impact is significant in the realm of philanthropy. Through its charitable, religious, educational, and scientific endeavors, the foundation distributes funds to qualified charitable organizations that align with its mission. By supporting these organizations, Lutheran Legacy Foundation Inc positively impacts communities and individuals in need, contributing to societal welfare and advancement.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,834,326
  • Program Service Revenue: $370,619
  • Gross Receipts: $7,752,276

    • Assets and Liabilities:
  • Total Assets: $56,372,398
  • Total Liabilities: $28,879,412
  • Net Assets: $27,492,986
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ENDOWMENT MANAGEMENT FEES

    Revenue

    $370,619

    Organization Details

    Founding Year

    2005

    Principal Officer

    Thomas E Patchett

    Main Address

    PO BOX 31, PARIS, IL, 61944

    NTEE Category

    Code: T31 - Philanthropy

    If you are a representative of Lutheran Legacy Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.