Lutheran Foundation of New Jersey Inc

Nonprofit profile at a glance

EIN
223640683
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-N 2008
Location
Burlington, NJ, USA
Phone
6093867171
Rating
51
Verdict
MIXED
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,342,105
Expenses
$421,258
Assets
$1,459,256
Liabilities
$3,445

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • COLLEEN P FRANKENFIELD (PRESIDENT & CEO)
  • JEANNINE RICHMAN (SR. VICE PRESIDENT & CFO)

Highest reported compensation

  • COLLEEN P FRANKENFIELD (PRESIDENT & CEO): $891,855 total reported compensation
  • JEANNINE RICHMAN (SR. VICE PRESIDENT & CFO): $370,833 total reported compensation
  • ALISON LAUCK (VP MARKETING AND FUND DEV): $211,598 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the activities and exempt purpose of lutheran social ministries of New Jersey, inc.

What it reported doing in 2024

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 2024 to support programs of lsmnj, such as lutherans feeding friends.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 1
  • Transparency & Controls: 89
  • Accountability: 86
  • Sustainability: 78
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: $2.68 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 24th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 68.6%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 3.46; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 36.4%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -24.4% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 7% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 11 of 12 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $892K · 14 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 27 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 8/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 4/100.