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Waldorf Lutheran College Foundation

Forest City, IA · EIN 27-4358184 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Waldorf Lutheran College Foundation reported $28.2 million in revenue and $26.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $25.21 went to program services, $74.60 to management and general costs and $0.19 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 82.2% of the total. The highest compensation it reported for one person was $263,975 (CEO). 6 people received more than $100,000 in reportable compensation. Revenue rose 7612% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $26M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $28M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
25.2%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
74.6%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.2%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.01$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
16.7%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
82.2%69.9%
Highest reported compensation
Part VII-A, columns D–F
$263,975$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.00%1.28%
People paid over $100,000
Part VII, line 2
68
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
8.813.3
Independent voting board members
Part VI 1a–1b
12 of 12100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$6.7M expenses · 100.0% of program spending · grants $264K · revenue $23M

The exempt purpose of the Waldorf Lutheran College Foundation, inc. Is to provide financial support to waldorf university and to provide scholarships to students of waldorf university. It is also dedicated to provide educational programs and experiences for students

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 40.00 hrs/week
$233,475$0$30,500$263,975
CFO
Officer, 40.00 hrs/week
$138,896$0$32,517$171,413
EX DIR WLCF
Highest compensated employee, 40.00 hrs/week
$137,072$0$24,729$161,801
EXEC VP REM
Highest compensated employee, 40.00 hrs/week
$130,941$0$23,181$154,122
STAFF RES
Highest compensated employee, 40.00 hrs/week
$106,176$0$24,763$130,939
VP FOR ON-LI
Former, 40.00 hrs/week
$111,904$0$16,708$128,612

6 people received more than $100,000 in reportable compensation from Waldorf Lutheran College Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $435K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$28M$26M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$28M$26M25.2%$19M$263,975
FY2024 ⓘ$26M$25M99.6%$17M—
FY2023 (amended) ⓘ$25M$22M69.8%$15M—
FY2022 ⓘ$1.3M$456K51.3%$6.0M—
FY2021 ⓘ$511K$445K64.4%$5.8M—
FY2020 ⓘ$366K$159K69.7%$4.8M—

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5684
  • Volunteers Part I, line 612

Private foundation grants it received

4 private foundations reported grants to Waldorf Lutheran College Foundation totaling $346K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Waldorf Lutheran College Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Waldorf Lutheran College Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Iowa

Questions people ask

How much of Waldorf Lutheran College Foundation's spending goes to programs?

In the fiscal year ending June 30, 2025, Waldorf Lutheran College Foundation reported that 25.2% of its $26.4 million in expenses went to program services, 74.6% to management and general and 0.2% to fundraising (Form 990, Part IX).

How much does Waldorf Lutheran College Foundation pay its top executive?

The largest total compensation Waldorf Lutheran College Foundation reported for one person in the fiscal year ending June 30, 2025 was $263,975, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Waldorf Lutheran College Foundation get its money?

Of $28.2 million in revenue in the fiscal year ending June 30, 2025, 16.7% came from contributions and grants and 82.2% from program service revenue (Form 990, Part VIII).

Is Waldorf Lutheran College Foundation a registered charity?

The IRS lists EIN 27-4358184 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611339349303251 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501349349301130 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023 (amended), object 202423549349301617 · read the filing
  • FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202213199349309026 · read the filing
  • FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202102049349300720 · read the filing
  • FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202002209349301010 · read the filing

All filings for EIN 27-4358184: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.