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Hope Lutheran Foundation

Tax-deductible

Fargo, ND501(c)(3)Foundations & Grantmakers EIN 45-0357492Revenue $522K in FY2024

On file with the IRSfargohope.org/foundation2900 Broadway N, 58102-1422 · Fargo, NDTax-exempt since Jul 1980Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the Hope Lutheran Foundation is to receive and maintain funds of real and/or personal property and to use the income for charitable, religious, literary or education purposes, including such purposes as may be undertaken, approved or supported by Hope Lutheran church of fargo, ND. The mission: the Hope Lutheran Foundation works to encourage all people to know the love of christ by helping support christian efforts in our community, country, and around the world.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $279K a year · 69% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Plus $4.5M in investments, Pt X · Ln 11–13
Looks good: 17.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$522K
+80% vs prior year
Spent
$189K
To programs
77%
Net assets
$4.8M
By yearFY2020–FY2024
Revenue
$522K
FY2024▲ +80%
Tap a bar for its year
Revenue by fiscal year
FY2020$349K
FY2021$399K
FY2022$475K
FY2023$290K
FY2024$522K
Expenses
$189K
FY2024▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2020$81K
FY2021$112K
FY2022$128K
FY2023$127K
FY2024$189K
Net assets
$4.8M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$3.9M
FY2022$3.5M
FY2023$4.1M
FY2024$4.8M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1980.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $146K Management & general 23% · $43K

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

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Bruce Bollinger
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Jon Lee
Board Member
$0Pt VII · Sec A
Tom Rohleder
Vice Chairperson
$0Pt VII · Sec A
Marilyn Guy
Chairperson
$0Pt VII · Sec A
Larry O'Callaghan
Board Member
$0Pt VII · Sec A
Justin Swanson
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hope Lutheran Foundation executive salaries →

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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

Supports Christian efforts locally and globally through property and income.

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Provided by the organization

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1 program · $146K · in their own filed words · FY2024
01

The hope lutheran foundation supports the mission and ministry of hope lutheran church. This is accomplished through financially supporting program ministries, the infrastructure and technology needs of the church and benevolences in the community, country and around the world.

$146Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
American Online Giving Foundation INCFY2024$17K
Total grants receivedfrom 1 funder$17K
Grants paid · 5 grants · $485K · 2020–2024
Hope Lutheran ChurchND · FY2024$145,974
Hope Lutheran ChurchND · FY2023$96,230
Hope Lutheran ChurchND · FY2022$98,188
Hope Lutheran ChurchND · FY2021$85,601
Hope Lutheran ChurchND · FY2020$58,732

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$522K
Ln 12
Gifts and grantsLn 1h$296K
Investment incomeLn 3$226K
Money outPt IX
$189K
Ln 25
Programscol B$146K
Managementcol C$43K
Owns and owesPt X
$4.8M
net assets · Ln 32
Cash and savingsLn 1–2$273K
Total assetsLn 16$4.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$296K
Investment incomeLn 3$226K
Gains on assetsLn 7$94K
Total revenueLn 12$522K
Assets in detailPt X, end of year
CashLn 1$52K
SavingsLn 2$222K
Cash and savings togetherLn 1–2$273K
InvestmentsLn 11–13$4.5M
Total assetsLn 16$4.8M
LiabilitiesLn 26$0
Net assetsLn 32$4.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$286K$273K
InvestmentsLn 11–13$3.9M$4.5M
Total assetsLn 16$4.1M$4.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.1M$4.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$146K$146K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$25K$25K
Information technologyLn 14$2K$2K
InsuranceLn 23$300$300
Other expenses (24a–d)Ln 24$116$116
Total functional expensesLn 25$189K$146K$43K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $522K$189K$333K$4.8M 990 PDF
FY2023 $290K$127K$162K$4.1M 990 PDF
FY2022 $475K$128K$347K$3.5M 990 PDF
FY2021 $399K$112K$287K$3.9M 990 PDF
FY2020 $349K$81K$268K$3.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $521,928 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $241,413$295,938
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $48,435$225,990
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $289,848$521,928
I-13 Grants and similar amounts paidPrior year $96,230$145,974
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $31,214$43,287
I-18 Total expensesPrior year $127,444$189,261
I-19 Revenue less expensesPrior year $162,404$332,667
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $521,928 across 5 lines filed
VIII-1f All other contributions, gifts and grants$295,938
VIII-1h Total contributions, gifts and grants$295,938
VIII-3 Investment incomeExcluded from tax $132,427$132,427
VIII-7 Net gain or loss on sales of assetsExcluded from tax $93,563$93,563
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $225,990$521,928
Part IX · Statement of functional expenses $189,261 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $145,974$145,974
IX-11b Legal feesManagement $9,550$9,550
IX-11c Accounting feesManagement $6,350$6,350
IX-11f Investment management feesManagement $24,552$24,552
IX-14 Information technologyManagement $2,419$2,419
IX-23 InsuranceManagement $300$300
IX-24 Other expenses (24a–d)Management $116$116
IX-25 Total functional expensesPrograms $145,974 · Management $43,287 · Fundraising $0$189,261
Part X · Balance sheet $4,762,234 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $45,909$51,679
X-2 Savings and temporary cash investmentsStart of year $240,385$221,730
X-12 Other securitiesStart of year $3,851,151$4,488,825
X-16 Total assetsStart of year $4,137,445$4,762,234
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,157,113$1,218,347
X-28 Net assets with donor restrictionsStart of year $2,980,332$3,543,887
X-32 Total net assets or fund balancesStart of year $4,137,445$4,762,234
X-33 Total liabilities and net assetsStart of year $4,137,445$4,762,234
Part XI · Reconciliation of net assets $4,762,234 net assets at year end
XI-1 Total revenue$521,928
XI-2 Total expenses$189,261
XI-3 Revenue less expenses$332,667
XI-4 Net assets at start of year$4,137,445
XI-5 Net unrealized gains (losses) on investments$292,122
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,762,234

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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