First Lutheran School Endowment
First Lutheran School Endowment is a private foundation, based in Fort Smith, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $235K in total assets. In 2024, it made $1K in qualifying distributions. Net investment income was $5K.
First Lutheran School Endowment at a glance
- Total assets
- $235,270
- +2.1% vs 2023
- Revenue (2024)
- $9,210
- -1454.4% vs 2023
- Qualifying distributions (2024)
- $1,074
- +10.2% vs 2023
- Expenses (2024)
- $4,376
- +10.7% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who First Lutheran School Endowment funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How First Lutheran School Endowment gives
- In 2024 it paid out 7% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $11K (2022) to $13K (2020). In 2022 it made 1 grant totaling $11K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Lutheran School Fort Smith, AR | General Operations | $11,314 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $235,270 | $9,210 | $4,376 | — | — | $1,074 | $5,340 | $15,112 |
| 2023 | $230,436 | $-680 | $3,954 | — | — | $975 | $5,206 | $13,712 |
| 2022 | $235,070 | $6,214 | $15,552 | $11,314 | 1 | $12,361 | $3,904 | $14,290 |
| 2021 | $244,408 | $26,833 | $16,792 | $12,515 | 1 | $13,572 | $3,553 | $15,093 |
| 2020 | $234,367 | $15,362 | $16,718 | $12,630 | 1 | — | $3,359 | $14,795 |
Under IRS private-foundation payout rules, First Lutheran School Endowment reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
First Lutheran School Endowment's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael T. Barr
Trustee
On filings since 2020
No compensation reported
Mike Kaasa
Trustee
On filings since 2020
No compensation reported
Former officers (1)
- Former: William Shaver III (2020–2023) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about First Lutheran School Endowment
How large is First Lutheran School Endowment?
First Lutheran School Endowment reported $235K in total assets on its 2024 IRS Form 990-PF. It paid out $1K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does First Lutheran School Endowment operate?
First Lutheran School Endowment has awarded grants in Arkansas.
What is First Lutheran School Endowment's EIN?
First Lutheran School Endowment's EIN (Employer Identification Number) is 71-6050601. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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