funder logo

THE LUTHERAN UNIVERSITY ASSOCIATION INC

THE LUTHERAN UNIVERSITY ASSOCIATION INC

VALPARAISO, IN, US
501(c)(3)
EIN
35-0868125
School
Regional Funder
funder logo

THE LUTHERAN UNIVERSITY ASSOCIATION INC

VALPARAISO, IN, US
501(c)(3)
EIN
35-0868125
School
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$167,303,144

Program Services
82%
Government Grants
7%
Contributions
7%
Other
3%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$194,804,715

Grants
40%
Salaries & Benefits
32%
Offices, Occupancy & IT
10%
Fees to Service Providers
6%
Depreciation
5%
Other
3%
Interest
3%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$11,854,197
$11,029,371
-7%
Government Grants
$10,030,166
$12,077,365
+20%
Fundraising Events
$0
$0
-
Program Services
$139,362,586
$137,049,826
-2%
Membership Dues
$0
$0
-
Investments
$1,013,405
$2,357,972
+133%
Other
$3,196,142
$4,788,610
+50%
Total Revenues
$165,456,496
$167,303,144
+1%
Expenses
2023
2024
Change
Grants
$75,112,782
$76,954,533
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$60,129,385
$63,043,420
+5%
Fees to Service Providers
$9,609,789
$10,963,861
+14%
Advertising & Promotion
$2,330,823
$2,339,032
+0%
Offices, Occupancy & IT
$19,768,563
$18,896,112
-4%
Interest
$4,688,696
$5,301,087
+13%
Depreciation
$10,967,615
$10,700,534
-2%
Other
$6,500,444
$6,606,136
+2%
Total Expenses
$189,108,097
$194,804,715
+3%
Net income
2023
2024
Change
Net income
-$23,651,601
-$27,501,571
-16%
Functional Expenses
Summary
2023
2024
Change
Program
$177,924,024
$183,297,096
+3%
Admin
$8,298,574
$8,599,742
+4%
Fundraising
$2,885,499
$2,907,877
+1%
Total Expenses
$189,108,097
$194,804,715
+3%
Income Statement
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