Oak Grove Lutheran School Foundation

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

EIN: 450422983 ✦ Fargo, ND ✦ Designated as a 501(c)(3)

Overview

What is Oak Grove Lutheran School Foundation?

The Oak Grove Lutheran School Foundation is a charitable organization situated in Fargo, North Dakota. Its primary function is to manage funds—either real property or personal assets—and utilize their income to support charitable, religious, literary, or educational causes. Among these purposes, the Oak Grove Lutheran School is a significant focus, with the foundation providing financial aid for tuition and supporting the school financially. In 2021, the foundation transferred a considerable sum of $224,000 from its endowment pool to the school, enabling the distribution of 24 academic scholarships and 43 grants to students of Oak Grove Lutheran School. In essence, the Oak Grove Lutheran School Foundation plays a crucial role in making education accessible by offering tuition assistance to students and providing financial support to the school.


Official website here: www.oakgrovelutheran.com

Is Oak Grove Lutheran School Foundation legitimate?

Oak Grove Lutheran School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Grove Lutheran School Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.oakgrovelutheran.com

What is the mission statement of Oak Grove Lutheran School Foundation?

The Oak Grove Lutheran School Foundation's primary mission is to provide financial aid for students attending Oak Grove Lutheran School. This is achieved by managing funds and utilizing their income for charitable, religious, literary, or educational purposes. In 2021, the foundation transferred a significant sum of $224,000 from its endowment pool to the school, enabling the provision of 24 academic scholarships and 43 grants for the beneficiaries of Oak Grove Lutheran School. The foundation's activities are geared towards supporting the school and its students financially, thereby contributing to their educational growth.


Official website here: www.oakgrovelutheran.com

Who is the CEO of Oak Grove Lutheran School Foundation?

Patrick Chaffee is the Director of Oak Grove Lutheran School Foundation.


Official website here: www.oakgrovelutheran.com

What is the revenue of Oak Grove Lutheran School Foundation?

Oak Grove Lutheran School Foundation's revenue in 2022 was $464,574.


Official website here: www.oakgrovelutheran.com

Who are the executives of Oak Grove Lutheran School Foundation and what are their salaries?

Here are 15 key members and their salaries:

    Michael A Slette (President)
  • Compensation: $0
  • Related: $123,507
  • Other: $13,013

    • Matthew Hallaway (Chief Advancement Officer)
  • Compensation: $0
  • Related: $103,398
  • Other: $29,100

    • Marietta Wahl (Cfo)
  • Compensation: $0
  • Related: $72,271
  • Other: $4,877

    • Dan Bueide (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zack Dawson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Marilyn Guy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Kjos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick Chaffee (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Derek Sunderland (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherri J Thomsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • F John Williams (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Dejong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Teresa Harland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Danielle Paulus (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Otterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.oakgrovelutheran.com

    Where can I find the form 990 for Oak Grove Lutheran School Foundation?

    The Oak Grove Lutheran School Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.oakgrovelutheran.com

    Learn more at the official website: www.oakgrovelutheran.com

    Mission Statement of Oak Grove Lutheran School Foundation

    The Oak Grove Lutheran School Foundation's primary mission is to provide financial aid for Oak Grove students and offer support to the school itself. This nonprofit organization manages funds, both real and personal property, to be used for charitable, religious, literary, or educational purposes. In line with this mission, the foundation transferred a significant sum of $224,000 from its endowment pool to the school in 2021. This transfer enabled the school to offer 24 academic scholarships and provide 43 grants to students enrolled at Oak Grove Lutheran School, thereby ensuring access to quality education for numerous students.

    Impact

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




    Wednesday, July 24, 2024

    Oak Grove Lutheran School Foundation's impact includes providing tuition assistance to Oak Grove students and financial support for the school. In 2021, the foundation transferred $224,000 from its endowment pool to the school for tuition aid. This enabled the school to provide 24 academic scholarships and 43 grants to students of Oak Grove Lutheran School in Fargo, ND. The foundation's support plays a crucial role in ensuring that students have access to quality education and financial assistance, ultimately contributing to the academic success and growth of the school community.





    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: $40,669
  • Program Service Revenue: $0
  • Gross Receipts: $492,941

    • Assets and Liabilities:
  • Total Assets: $9,308,921
  • Total Liabilities: $1,314,458
  • Net Assets: $7,994,463
  • Organization Details

    Founding Year

    1992

    Principal Officer

    Patrick Chaffee

    Main Address

    124 NORTH TERRACE, FARGO, ND, 58102

    NTEE Category

    Code: B99 - Education

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