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

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Educational Media

This ministry has not been rated.


Financial ratios

Funding ratiosSector median201020092008
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%7%8%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%6%7%11%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%88%85%82%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%6%6%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%12%15%18%
 
Operating ratiosSector median201020092008
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%79%78%86%
Spending ratio Spending ratio =
Total expenses /
Total revenue
102%105%113%118%
Program output ratio Program output ratio =
Program services /
Total revenue
82%83%88%101%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
-2%-5%-13%-18%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
-3%-3%-10%-14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%15%16%5%
 
Investing ratiosSector median201020092008
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.980.300.410.44
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.4914.5318.3013.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.134.297.585.78
 
Liquidity ratiosSector median201020092008
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.812.783.705.03
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.150.360.270.20
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.031.791.161.66
 
Solvency ratiosSector median201020092008
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%54%53%52%
Debt ratio Debt ratio =
Debt /
Total assets
0%50%50%49%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
62%157%112%108%

Financials

Balance sheet
 
Assets201020092008
Cash$459,846$360,037$530,973
Receivables, inventories, prepaids$112,255$104,460$162,391
Short-term investments$0$0$0
Other current assets$0$0$0
Total current assets$572,101$464,497$693,364
Long-term investments$0$0$0
Fixed assets$7,741,295$8,034,484$8,328,631
Other long-term assets$0$0$0
Total long-term assets$7,741,295$8,034,484$8,328,631
Total assets$8,313,396$8,498,981$9,021,995
 
Liabilities201020092008
Payables and accrued expenses$152,842$120,843$135,728
Other current liabilities$53,028$4,632$2,046
Total current liabilities$205,870$125,475$137,774
Debt$4,152,531$4,263,579$4,378,821
Due to (from) affiliates$0$0$0
Other long-term liabilities$99,588$151,045$160,745
Total long-term liabilities$4,252,119$4,414,624$4,539,566
Total liabilities$4,457,989$4,540,099$4,677,340
 
Net assets201020092008
Unrestricted$2,892,352$2,996,236$3,369,831
Temporarily restricted$963,055$962,646$974,824
Permanently restricted$0$0$0
Net assets$3,855,407$3,958,882$4,344,655
 
Revenues and expenses
 
Revenue201020092008
Total contributions$2,071,959$2,641,729$2,786,317
Program service revenue$257,025$451,406$587,141
Membership dues$0$0$0
Investment income$9,444$14,087$7,170
Other revenue$4,261$15,364$26,978
Total other revenue$270,730$480,857$621,289
Total revenue$2,342,689$3,122,586$3,407,606
 
Expenses201020092008
Program services$1,934,415$2,756,845$3,435,649
Management and general$376,592$557,616$193,728
Fundraising$141,733$206,503$376,861
Total expenses$2,452,740$3,520,964$4,006,238
 
Change in net assets201020092008
Surplus (deficit)($110,051)($398,378)($598,632)
Other changes in net assets$0$0$0
Total change in net assets($110,051)($398,378)($598,632)

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


Needs