LUTHERAN FOUNDATION OF NEW JERSEY INC

EIN: 223640683 501(c)(3)

BURLINGTON, NJ

Total Revenue
$2,414,825
Total Expenses
$408,285
Total Assets
$1,340,136
Net Assets
$1,336,912
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NJ
Principal Officer
COLLEEN P FRANKENFIELD
Phone
6093867171
Tax Period
2023-01-01 to 2023-12-31

LUTHERAN FOUNDATION OF NEW JERSEY INC, founded in 1993, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. The organization ran a surplus of $2.0M, a strong 83% operating margin.

Mission

TO SUPPORT THE ACTIVITIES AND EXEMPT PURPOSE OF LUTHERAN SOCIAL MINISTRIES OF NEW JERSEY, INC.

Program Service Accomplishments

Program 1

LUTHERAN FOUNDATION OF NEW JERSEY, INC. IS A NON-PROFIT ORGANIZATION, WHICH SERVES AS THE PHILANTHROPIC ARM OF LUTHERAN SOCIAL MINISTRIES OF NEW JERSEY, INC. ("LSMNJ") FOR PROGRAMS SUCH AS AFFORDABLE...

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LUTHERAN FOUNDATION OF NEW JERSEY, INC. IS A NON-PROFIT ORGANIZATION, WHICH SERVES AS THE PHILANTHROPIC ARM OF LUTHERAN SOCIAL MINISTRIES OF NEW JERSEY, INC. ("LSMNJ") FOR PROGRAMS SUCH AS AFFORDABLE FAMILY AND SENIOR HOUSING, HEALTHCARE, HOSPICE, HOMELESSNESS, SUPPORTIVE HOUSING, IMMIGRATION SERVICES, AND DISASTER RESPONSE. THE FOUNDATION SEEKS GIFTS FROM INDIVIDUALS AND CORPORATIONS AS WELL AS GRANTS FROM A VARIETY OF SOURCES IN ORDER TO SERVE THOSE IN NEED THROUGHOUT NEW JERSEY REGARDLESS OF RELIGIOUS AFFILIATION OR BACKGROUND. THE FOUNDATION HELD FUNDRAISING EVENTS IN 2023 TO SUPPORT PROGRAMS OF LSMNJ, SUCH AS LUTHERANS FEEDING FRIENDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,278,178
Program Service Revenue $0
Investment Income $99,195
Other Revenue $37,452
TOTAL REVENUE $2,414,825

Expense Breakdown

Grants Paid $0
Salaries & Benefits $312,740
Fundraising Expenses $405,068
Other Expenses $95,545
TOTAL EXPENSES $408,285

Year-over-Year Comparison

2023 2022 Change
Revenue $2,414,825 $2,465,572 0.0%
Expenses $408,285 $345,890 +0.2%
Net Income $2,006,540 $2,119,682 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
1
Volunteers
9

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,140,549
Total Directors
11
$772,114
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD HILDEBRANDT CHAIR 0.50
Officer Director
$0 $0 $0
KENNETH VAN DONGEN VICE CHAIR 0.50
Officer Director
$0 $0 $0
EDWARD P NOBLE TREASURER 0.50
Officer Director
$0 $0 $0
JUHAN RUNNE SECRETARY 0.50
Officer Director
$0 $0 $0
REV TRACIE BARTHOLOMEW TRUSTEE 0.50
Director
$0 $0 $0
REV STEPHEN GEWECKE TRUSTEE 0.50
Director
$0 $0 $0
RAFAEL HACISKI TRUSTEE 0.50
Director
$0 $0 $0
TERRY SHINE TRUSTEE 0.50
Director
$0 $0 $0
REV DR ANTHONY STEINBRONN TRUSTEE 0.50
Director
$0 $0 $0
LARRY SCHUMANN TRUSTEE (UNTIL 3/23) 0.50
Director
$0 $0 $0
COLLEEN P FRANKENFIELD PRESIDENT & CEO 0.50
Officer Director
$0 $44,785 $772,114
JEANNINE RICHMAN SR. VICE PRESIDENT & CFO 0.50
Officer
$0 $23,200 $368,435
ALISON LAUCK VP OF PHILANTHROPY 40.00
Highest
$177,720 $13,200 $190,920
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,414,825 $408,285 $1,340,136 $2,006,540
2022 $2,465,572 $345,890 $1,216,853 $2,119,682
2021 $665,413 $265,825 $2,235,734 $399,588
2020 $350,662 $161,435 $2,817,242 $189,227
2019 $751,501 $245,689 $1,242,444 $505,812
2018 $314,403 $381,494 $1,183,637 $-67,091
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