LUTHER SEMINARY FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$37,473,007
Investments
83%
Other Assets
12%
Cash & Equivalents
5%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$1,266,126
Other Liabilities
86%
Custodial & Escrow Liabilities
14%
Payables & Accruals
0%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,695,979
$1,758,041
+4%
Receivables (Non-Related)
$2,000
$0
-100%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$27,336,838
$31,137,959
+14%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$4,389,802
$4,577,007
+4%
Total Assets
$33,424,619
$37,473,007
+12%
Liabilities
2023
2024
Change
Payables & Accruals
-
-
-
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$157,061
$171,423
+9%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,179,848
$1,094,703
-7%
Total Liabilities
$1,336,909
$1,266,126
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$28,670,904
$32,648,270
+14%
Unrestricted Net Assets
$3,416,806
$3,558,611
+4%
Net assets
2023
2024
Change
Net assets
+$32,087,710
+$36,206,881
+13%
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