Gethsemane Memorial Fund INC

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Support the ministry programs of Gethsemane Lutheran Church Hopkins MN using giftsreceived and earnings through prudent investment

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $11K a year · 20% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Plus $788K in investments, Pt X · Ln 11–13
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$86K
+58% vs prior year
Spent
$66K
To programs
91%
Net assets
$826K
By yearFY2020–FY2023
Revenue
$86K
FY2023▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2020$34K
FY2021$44K
FY2022$54K
FY2023$86K
Expenses
$66K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$59K
FY2021$72K
FY2022$65K
FY2023$66K
Net assets
$826K
FY2023▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$854K
FY2021$893K
FY2022$736K
FY2023$826K

From the FY2023 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2017-05-15). Per the IRS revocation list. Latest filing on record: FY2023. IRS ruling in Sep 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $60K Management & general 9% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Senior Pastor
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gethsemane Memorial Fund INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fund ministry programs through donations and investments.

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3 programs · $51K · in their own filed words · FY2023
01

Under its policy, the Foundation gives 4% of the 3 year moving average total asset balance to the Gethseman Evangelical Lutheran Church in two semi-annual payments, with stipulation that the funds are to be used for the expansion of program ministry beyond the congregation's approved budget.

$33Kprogram expense
02

Under its policy, the Foundation gives 1.5% of the 3 year moving average total asset balance to community outreach programs. The 2022 payments included support for ICA foodshelf, Reach & Restore, Resource West, and Gathering to Grow

$12Kprogram expense
03

Under its policy, the Foundation gives 1% of the 3 year moving average total asset balance to Gethsemane members attending ELCA colleges. In 2023, the Foundation awarded scholarships to 5 members, totaling $5,000

$5Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 11 grants · $183K · 2020–2023
Gethsemane Luthern ChurchMN · FY2023$33,654
Unitemized GrantFY2023$8,175
Unitemized GrantFY2023$5,000
Gethsemane Luthern ChurchMN · FY2022$35,975
Unitemized GrantFY2022$7,000
Unitemized GrantFY2022$3,025
Gethsemane Luthern ChurchMN · FY2021$41,896
Unitemized GrantFY2021$8,000
Unitemized GrantFY2021$3,300
Gethsemane Luthern ChurchMN · FY2020$31,231
Unitemized GrantFY2020$6,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$86K
Ln 12
Gifts and grantsLn 1h$62K
Investment incomeLn 3$24K
Money outPt IX
$66K
Ln 25
Programscol B$60K
Managementcol C$6K
Owns and owesPt X
$826K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$826K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Investment incomeLn 3$24K
Total revenueLn 12$86K
Assets in detailPt X, end of year
SavingsLn 2$38K
Cash and savings togetherLn 1–2$38K
InvestmentsLn 11–13$788K
Total assetsLn 16$826K
LiabilitiesLn 26$0
Net assetsLn 32$826K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$826K$736K$893K$854K$809K
Given inLn 1b$62K$32K$18K$14K$14K
SpentLn 1d–1f$66K$65K$72K$59K$61K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$37K$38K
InvestmentsLn 11–13$699K$788K
Total assetsLn 16$736K$826K
LiabilitiesLn 26$54$0
Net assetsLn 32$736K$826K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$47K$47K
Grants to domestic individualsLn 2$13K$13K
Investment management feesLn 11f$5K$5K
Office expensesLn 13$728$728
Information technologyLn 14$209$209
Other expenses (24a–d)Ln 24$529$529
Total functional expensesLn 25$66K$60K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS May 14, 2024 $86K$66K$20K$826K 990 PDF
FY2022Filed with the IRS May 9, 2023 $54K$65K−$11K$736K 990 PDF
FY2021Filed with the IRS Apr 18, 2022 $44K$72K−$27K$893K 990 PDF
FY2020Filed with the IRS Apr 19, 2021 $34K$59K−$26K$854K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $85,719 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $31,595$61,701
I-9 Program service revenue$0
I-10 Investment incomePrior year $22,689$24,018
I-11 Other revenue$0
I-12 Total revenuePrior year $54,284$85,719
I-13 Grants and similar amounts paidPrior year $58,782$59,849
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,085$6,263
I-18 Total expensesPrior year $64,867$66,112
I-19 Revenue less expensesPrior year −$10,583$19,607
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $85,719 across 5 lines filed
VIII-1f All other contributions, gifts and grants$61,701
VIII-1h Total contributions, gifts and grants$61,701
VIII-3 Investment incomeRelated to mission $24,018$24,018
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $24,018$85,719
Part IX · Statement of functional expenses $66,112 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $46,674$46,674
IX-2 Grants to domestic individualsPrograms $13,175$13,175
IX-11f Investment management feesManagement $4,797$4,797
IX-13 Office expensesManagement $728$728
IX-14 Information technologyManagement $209$209
IX-24 Other expenses (24a–d)Management $529$529
IX-25 Total functional expensesPrograms $59,849 · Management $6,263 · Fundraising $0$66,112
Part X · Balance sheet $825,604 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $36,736$37,607
X-11 Publicly traded securitiesStart of year $699,074$787,997
X-16 Total assetsStart of year $735,910$825,604
X-26 Total liabilitiesStart of year $54$0
X-27 Net assets without donor restrictionsStart of year $703,584$790,104
X-28 Net assets with donor restrictionsStart of year $32,272$35,500
X-32 Total net assets or fund balancesStart of year $735,856$825,604
X-33 Total liabilities and net assetsStart of year $735,910$825,604
Part XI · Reconciliation of net assets $825,604 net assets at year end
XI-1 Total revenue$85,719
XI-2 Total expenses$66,112
XI-3 Revenue less expenses$19,607
XI-4 Net assets at start of year$735,856
XI-5 Net unrealized gains (losses) on investments$69,641
XI-8 Prior period adjustments$500
XI-10 Net assets at end of year$825,604

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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