NonprofitsFree Lutheran Theological Seminary Corporation

Education

Free Lutheran Theological Seminary Corporation

PLYMOUTH, MN

Total revenue

$6.0M

Total expenses

$5.9M

Net assets

$10.1M

Grants received

$65K

5 grants

EIN

200052373

Tax year

2023

Mission

The organization operates the Free Lutheran Bible College (FLBC) and the Free Lutheran Seminary (FLS) to provide a faith based education.

Financials

FY 2023

Revenue

Contributions & grants$2.4M
Program service revenue$3.3M
Investment income$230K
Other revenue
Total revenue$6.0M

Expenses

Grants paid$527K
Salaries & benefits$2.8M
Fundraising$214K
Other expenses$2.6M
Total expenses$5.9M
Total assets$17.1M
Net assets$10.1M

People

9 listed

NameRoleCompensation

Wade Mobley

President

Board

$130K

40 hrs/wk

James Molstre

Chief Academic OffDean of Se

Board

$116K

40 hrs/wk

Larry Myhrer

Vice President of Operations

Board

$108K

40 hrs/wk

Adam Osier

VP - Dean of Bible College

Board

$97K

40 hrs/wk

Alan Arneson

Director

Board

1 hrs/wk

Nathan Dalager

Secretary

Board

1 hrs/wk

Steve Snipstead

Vice Chair

Board

1 hrs/wk

Philip Johnson

Board Chair

Board

1 hrs/wk

Gary Erickson

Director

Board

1 hrs/wk

Grants received

Showing 5 of 5

FromAmountPurposeYear
$10K
For grant recipient's exempt purposes
2023
$1K
ETHNIC AND RELIGIOUS
2021
$52K
For grant recipient's exempt purposes
2020
$1K
IN FURTHERANCE OF FOUNDATION'S PURPOSES
2020
$1K
ETHNIC AND RELIGIOUS
2020

Funded by

$65K from 3 funders · 5 grants · 2020–2023

Fidelity Investments Charitable Gift Fund

$62K · 2 grants · 2020–2023

Baird Foundation Inc

$2K · 2 grants · 2020–2021

Chattanooga Christian Community

$1K · 1 grant · 2020

Details

EIN200052373
NTEE codeB50
Subsection03
Ruling date2018-11
Formed1966
Employees104
Volunteers50
FREE LUTHERAN THEOLOGICAL SEMINARY CORPORATION — Mission, Financials & Grants Received | Grantivo