Lowell Lundstrom Ministries, Inc.

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/22/2021. To update the information in this column, please email: info@ministrywatch.com


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: No

Member of ECFA since:


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

Transparency grade

F

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Educational Media

This ministry has not been rated.


Financial ratios

Funding ratiosSector median20032002200120001999
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%9%8%14%11%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%11%8%14%14%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%120%104%102%127%102%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%10%10%14%11%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%-20%-4%-2%-27%-2%
 
Operating ratiosSector median20032002200120001999
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%71%67%49%49%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
101%112%81%102%135%53%
Program output ratio Program output ratio =
Program services /
Total revenue
82%80%55%50%65%40%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
-1%-12%19%-2%-35%47%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
-2%-9%17%-1%-24%63%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%19%23%38%41%15%
 
Investing ratiosSector median20032002200120001999
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.960.270.240.430.460.45
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.4829.1421.154.743.492.24
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.027.845.092.031.601.00
 
Liquidity ratiosSector median20032002200120001999
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.050.520.761.814.397.24
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.151.921.320.550.230.14
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.59-1.41-0.762.645.7810.33
 
Solvency ratiosSector median20032002200120001999
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%69%68%51%50%38%
Debt ratio Debt ratio =
Debt /
Total assets
0%51%50%23%27%29%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
69%115%135%114%108%138%

Financials

Balance sheet
 
Assets20032002200120001999
Cash$144,679$95,514$592,862$89,311$812,871
Receivables, inventories, prepaids$145,208$366,573$556,413$1,055,784$1,766,783
Short-term investments$59,212$39,652$78,790$522,989$0
Other current assets$0$0$0$0$0
Total current assets$349,099$501,739$1,228,065$1,668,084$2,579,654
Long-term investments$0$0$0$0$0
Fixed assets$9,822,428$10,112,045$4,592,184$4,155,033$3,190,629
Other long-term assets$0$0$0$0$0
Total long-term assets$9,822,428$10,112,045$4,592,184$4,155,033$3,190,629
Total assets$10,171,527$10,613,784$5,820,249$5,823,117$5,770,283
 
Liabilities20032002200120001999
Payables and accrued expenses$412,058$386,134$489,276$208,654$154,050
Other current liabilities$258,270$277,570$188,698$171,613$202,463
Total current liabilities$670,328$663,704$677,974$380,267$356,513
Debt$5,220,119$5,319,074$1,366,403$1,546,473$1,699,518
Due to (from) affiliates$873,000$873,000$18,543$28,543$30,393
Other long-term liabilities$260,535$321,858$912,670$984,712$113,074
Total long-term liabilities$6,353,654$6,513,932$2,297,616$2,559,728$1,842,985
Total liabilities$7,023,982$7,177,636$2,975,590$2,939,995$2,199,498
 
Net assets20032002200120001999
Unrestricted$3,047,673$3,089,072$1,740,876$1,294,400$1,187,958
Temporarily restricted$99,872$347,076$1,103,783$1,588,722$2,382,827
Permanently restricted$0$0$0$0$0
Net assets$3,147,545$3,436,148$2,844,659$2,883,122$3,570,785
 
Revenues and expenses
 
Revenue20032002200120001999
Total contributions$2,936,807$3,284,240$2,507,654$2,526,559$4,926,613
Program service revenue$22,823$37,982$13,610$56,477$48,462
Membership dues$0$0$0$0$0
Investment income($521,663)($178,634)($131,414)($618,032)($154,351)
Other revenue$8,670$638$68,287$19,182$14,858
Total other revenue($490,170)($140,014)($49,517)($542,373)($91,031)
Total revenue$2,446,637$3,144,226$2,458,137$1,984,186$4,835,582
 
Expenses20032002200120001999
Program services$1,951,017$1,716,813$1,218,909$1,298,685$1,928,550
Management and general$515,783$577,692$938,833$1,089,677$391,284
Fundraising$268,440$258,232$338,858$283,487$262,731
Total expenses$2,735,240$2,552,737$2,496,600$2,671,849$2,582,565
 
Change in net assets20032002200120001999
Surplus (deficit)($288,603)$591,489($38,463)($687,663)$2,253,017
Other changes in net assets$0$0$0$0$0
Total change in net assets($288,603)$591,489($38,463)($687,663)$2,253,017

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/22/2021. To update the information below, please email: info@ministrywatch.com


History


Program accomplishments


Needs