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The organization operates the Free Lutheran Bible College (FLBC) and the Free Lutheran Seminary (FLS) to provide a faith based education.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$6M
Program Spending
87%
of total expenses go to program services
Total Contributions
$2.4M
Total Expenses
▼$5.9M
Total Assets
$17.1M
Total Liabilities
▼$7M
Net Assets
$10.1M
Officer Compensation
→N/A
Other Salaries
$2.5M
Investment Income
$230.1K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2023 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $6M | $2.4M | $5.9M | $17.1M | $10.1M |
| 2022IRS e-File | $5.3M | $2.7M | $5.2M | $17M | $10.1M |
| 2021 | $4.6M | $1.9M | $3.9M | $16.6M | $9.4M |
| 2020 | $3.7M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Wade Mobley | President | 40 | $130.1K | $0 | $0 | $130.1K |
| James Molstre | Chief Academic Offdean Of Se | 40 | $116.1K | $0 | $0 | $116.1K |
| Larry Myhrer | Vice President Of Operations | 40 | $108.4K | $0 | $0 | $108.4K |
| Adam Osier | VP - Dean Of Bible College | 40 | $96.6K | $0 | $0 | $96.6K |
Wade Mobley
President
$130.1K
Hrs/Wk
40
Compensation
$130.1K
Related Orgs
$0
Other
$0
James Molstre
Chief Academic Offdean Of Se
$116.1K
Hrs/Wk
40
Compensation
$116.1K
Related Orgs
$0
Other
$0
Larry Myhrer
Vice President Of Operations
$108.4K
Hrs/Wk
40
Compensation
$108.4K
Related Orgs
$0
Other
$0
Adam Osier
VP - Dean Of Bible College
$96.6K
Hrs/Wk
40
Compensation
$96.6K
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alan Arneson | Director | 1 | $0 | $0 | $0 | $0 |
| Gary Erickson | Director | 1 | $0 | $0 | $0 | $0 |
| Nathan Dalager | Secretary | 1 | $0 | $0 | $0 | $0 |
| Philip Johnson | Board Chair | 1 | $0 | $0 | $0 | $0 |
| Steve Snipstead | Vice Chair | 1 | $0 | $0 | $0 | $0 |
Alan Arneson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gary Erickson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Nathan Dalager
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $1.4M |
| $3.8M |
| $11.4M |
| $8.7M |
| 2019 | $4.2M | $1.7M | $3.9M | $9M | $8.9M |
| 2018 | $5.3M | $3.5M | $3.9M | $8.2M | $8.1M |
| 2017 | $3.3M | $1.1M | $3.3M | $7.1M | $6.7M |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data | PDF not yet published by IRS |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | — |
Philip Johnson
Board Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Steve Snipstead
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0