Nonprofit · EIN 35-2159001
MICHIGAN LUTHERAN SEMINARY FOUNDATION
Tax-exempt · SAGINAW, MI 48602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $820,799 | $428,157 | $392,642 | $2,941,607 | $485,143 | $2,456,464 |
| June 30, 2024 | 990 | $619,709 | $458,867 | $160,842 | $2,436,209 | $561,193 | $1,875,016 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $652,732
- Program service revenue
- $0
- Investment income
- $99,348
- Net rental income
- $31,731
- Net gain from sales of assets
- $278
- Net income from fundraising events
- $34,830
- Other revenue
- $68,719
Expenses
- Grants and similar amounts paid
- $127,149
- Compensation of officers, directors and key employees
- $97,874
- Other salaries and wages
- $62,424
- Salaries, compensation and benefits (total)
- $226,743
- Professional fundraising fees
- $0
- Accounting fees
- $748
- Depreciation
- $4,799
- Program services (functional)
- $309,141
- Management and general (functional)
- $99,196
- Fundraising (functional)
- $19,820
Balance sheet and other
- Total assets, start of year
- $2,436,209
- Total assets, end of year
- $2,941,607
- Total liabilities, end of year
- $485,143
- Net assets, end of year
- $2,456,464
- Land, buildings and equipment
- $206,787
- Net assets without donor restrictions
- $2,456,464
- Gross receipts
- $865,181
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL SCHARRER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHRIS KESTNER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LEE MILLER | TREASURER Trustee or director, Officer | 1 | $0 |
| MIKE WILTSE | SECRETARY Trustee or director, Officer | 1 | $0 |
| DAVID EDDY | BOARD MEMBER Trustee or director | 1 | $0 |
| KELLY EDDY | BOARD MEMBER Trustee or director | 1 | $0 |
| RON SCHREINER | BOARD MEMBER Trustee or director | 1 | $0 |
| BARB SCHREINER | BOARD MEMBER Trustee or director | 1 | $0 |
| REV JASON BALDWIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JODIE BALDWIN | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE BARRETT | BOARD MEMBER Trustee or director | 1 | $0 |
| JULIE BARRETT | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL SCHARRER | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| CHRIS KESTNER | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 |
| MIKE WILTSE | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| LEE MILLER | TREASURER Trustee or director, Officer | 0.5 | $0 |
| GEORGE BARRETT | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 |
| JULIE BARRETT | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 |
| DAVID EDDY | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 |
| KELLY EDDY | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 |
| BARB SCHREINER | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 |
| RON SCHREINER | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 |
| REV JASON BALDWIN | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 |
| JODIE BALDWIN | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 |
| ERIC CERESKE | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 |
| GARY GILGEN | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 |
| TOM SPAUDE | BOARD MEMBER Trustee or director, Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2777 HARDIN ST STE 4, SAGINAW, MI 48602-3710
- Principal officer (990 for 2024)
- JOSHUA WAKEFIELD, 2777 HARDIN ST SUITE 4, SAGINAW, MI 48602
- Signed the 990
- JOSHUA WAKEFIELD, DONOR RELATIONS DIRECTOR
- Phone
- (989) 793-1010
- Website
- MLS-FOUNDATION.ORG
- Return prepared by
- GRAPP LERASH LLC
Mission
SUPPORT AND SUSTAIN THE MISSION OF MICHIGAN LUTHERAN SEMINARY BY BUILDING STRONG, LASTING RELATIONSHIPS WITH ALUMNI, PARENTS, AND FRIENDS. PROVIDES SCHOLARSHIP AND FINANCIAL AID SUPPORT TO MAKE CHRIST-CENTERED EDUCATION ACCESSIBLE TO MORE STUDENTS.
Program accomplishments
- SUPPORT AND SUSTAIN THE MISSION OF MICHIGAN LUTHERAN SEMINARY BY BUILDING STRONG, LASTING RELATIONSHIPS WITH ALUMNI, PARENTS, AND FRIENDS. PROVIDES SCHOLARSHIP AND FINANCIAL AID SUPPORT TO MAKE CHRIST-CENTERED EDUCATION ACCESSIBLE TO MORE STUDENTS.Expenses $309,141 · grants $127,149
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2159001
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X12)
- Assets (IRS master file)
- $2,941,607
- Income (IRS master file)
- $865,181
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $820,799 | $428,157 | $2,941,607 | IRS |
| 990 | June 2024 | $619,709 | $458,867 | $2,436,209 | XML |
| 990 | June 2023 | $596,593 | $466,140 | $2,299,224 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2159001).
Questions about MICHIGAN LUTHERAN SEMINARY FOUNDATION
- What is the EIN of MICHIGAN LUTHERAN SEMINARY FOUNDATION?
- The employer identification number (EIN) of MICHIGAN LUTHERAN SEMINARY FOUNDATION is 35-2159001.
- Is MICHIGAN LUTHERAN SEMINARY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to MICHIGAN LUTHERAN SEMINARY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MICHIGAN LUTHERAN SEMINARY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MICHIGAN LUTHERAN SEMINARY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHIGAN LUTHERAN SEMINARY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MICHIGAN LUTHERAN SEMINARY FOUNDATION?
- The 990 for the year ended June 30, 2025 names JOSHUA WAKEFIELD.
- Who are the officers and directors of MICHIGAN LUTHERAN SEMINARY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does MICHIGAN LUTHERAN SEMINARY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $820,799, expenses of $428,157 and total assets of $2,941,607 at year end.
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