Lowell Lundstrom Ministries, Inc.

Summary

Through music and messages based on the Bible, Lowell Lundstrom Ministries, Inc. (founded in1964) conducts services in auditoriums and churches throughout the United States and Canada. Working with local churches, pastors, and lay people, Lowell Lundstrom Ministries encourages new converts to become part of a local church or Bible Study Group. Lowell Lundstrom Ministries also does business as "Celebration Church" - 16655 Kenyon Ave, Lareville, MN 55044, "Fresh Rain" - 5128 Luverne Ave., Minneapolis, MN 55419, "Impact America" - 1009 16th St. NE, Willmar, MN 56201, and "Lovers for Life" - 1009 16th Street NE, Willmar, MN 56201. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Contact information

Mailing address:
PO Box 4000
Sisseton, SD 57262-4000

Website: www.lowell-lundstrom.com

Phone: (605) 688-3937

Email: bschoeman@aol.com


Organization details

EIN: 466017094

CEO/President: Rev. Lowell Lundstrom

Chairman: Rev. Lowell Lundstrom

Board size: 8

Founder:

Year founded: 1964

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1994


Purpose

Through music and messages based on the Bible, Lowell Lundstrom Ministries, Inc. (founded in1964) conducts services in auditoriums and churches throughout the United States and Canada. Working with local churches, pastors, and lay people, Lowell Lundstrom Ministries encourages new converts to become part of a local church or Bible Study Group. Lowell Lundstrom Ministries also does business as "Celebration Church" - 16655 Kenyon Ave, Lareville, MN 55044, "Fresh Rain" - 5128 Luverne Ave., Minneapolis, MN 55419, "Impact America" - 1009 16th St. NE, Willmar, MN 56201, and "Lovers for Life" - 1009 16th Street NE, Willmar, MN 56201. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Mission statement


Statement of faith

Financial efficiency ratings

Sector: Educational Media

This ministry has not been rated.


Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20102009200820032002
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%7%8%14%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%6%7%11%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%88%85%82%0%0%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%6%6%9%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%12%15%18%0%0%
 
Operating ratiosMedian % for
all ministries in
MW database
20102009200820032002
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%79%78%86%0%0%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%105%113%118%0%0%
Program output ratio Program output ratio =
Program services /
Total revenue
81%83%88%101%0%0%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-5%-13%-18%0%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-3%-10%-14%0%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%15%16%5%0%0%
 
Investing ratiosMedian measure
for all ministries
in MW database
20102009200820032002
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.300.410.440.000.00
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.5314.5318.3013.010.000.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.534.297.585.780.000.00
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20102009200820032002
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.092.783.705.030.000.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.360.270.200.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.071.791.161.660.000.00
 
Solvency ratiosMedian % for
all ministries in
MW database
20102009200820032002
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%54%53%52%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%50%50%49%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%157%112%108%0%0%

Financials

Balance sheet
 
Assets20102009200820032002
Cash$459,846$360,037$530,973$0$0
Receivables, inventories, prepaids$112,255$104,460$162,391$0$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$572,101$464,497$693,364$0$0
Long-term investments$0$0$0$0$0
Fixed assets$7,741,295$8,034,484$8,328,631$0$0
Other long-term assets$0$0$0$0$0
Total long-term assets$7,741,295$8,034,484$8,328,631$0$0
Total assets$8,313,396$8,498,981$9,021,995$0$0
 
Liabilities20102009200820032002
Payables and accrued expenses$152,842$120,843$135,728$0$0
Other current liabilities$53,028$4,632$2,046$0$0
Total current liabilities$205,870$125,475$137,774$0$0
Debt$4,152,531$4,263,579$4,378,821$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$99,588$151,045$160,745$0$0
Total long-term liabilities$4,252,119$4,414,624$4,539,566$0$0
Total liabilities$4,457,989$4,540,099$4,677,340$0$0
 
Net assets20102009200820032002
Unrestricted$2,892,352$2,996,236$3,369,831$0$0
Temporarily restricted$963,055$962,646$974,824$0$0
Permanently restricted$0$0$0$0$0
Net assets$3,855,407$3,958,882$4,344,655$0$0
 
Revenues and expenses
 
Revenue20102009200820032002
Total contributions$2,071,959$2,641,729$2,786,317$0$0
Program service revenue$257,025$451,406$587,141$0$0
Membership dues$0$0$0$0$0
Investment income$9,444$14,087$7,170$0$0
Other revenue$4,261$15,364$26,978$0$0
Total other revenue$270,730$480,857$621,289$0$0
Total revenue$2,342,689$3,122,586$3,407,606$0$0
 
Expenses20102009200820032002
Program services$1,934,415$2,756,845$3,435,649$0$0
Management and general$376,592$557,616$193,728$0$0
Fundraising$141,733$206,503$376,861$0$0
Total expenses$2,452,740$3,520,964$4,006,238$0$0
 
Change in net assets20102009200820032002
Surplus (deficit)($110,051)($398,378)($598,632)$0$0
Other changes in net assets$0$0$0$0$0
Total change in net assets($110,051)($398,378)($598,632)$0$0

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


Needs