2026-05-13T11:04:17-04:00 2025-06-30 460393458 WOHLENBERG RITZMAN & CO LLC PO BOX 1018 YANKTON SD 57078 990 2024-07-01 274358184 WALDORF LUTHERAN COLLEGE FOUNDATION WALD 6415858496 106 SOUTH 6TH STREET FOREST CITY IA 504361713 RAYMOND BEEBE TRUSTEE 6415858496 2026-05-15 true true KATHLEEN DOYLE P01322431 6056654401 2026-05-11 2024 2025-03-06 01:10:19Z X RAYMOND BEEBE 28190832 false X WALDORFFOUNDATION.ORG X 2011 IA TO PROVIDE FINANCIAL SUPPORT TO WALDORF UNIVERSITY AND TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL PROGRAMS AND EXPERIENCES TO STUDENTS OF WALDORF UNIVERSITY. 12 12 684 12 0 1708103 4720114 24422331 23183073 343113 287645 -3155 0 26470392 28190832 263863 0 15429487 15340871 0 50672 9713880 10807784 25143367 26412518 1327025 1778314 27600248 26862540 10240671 7457449 17359577 19405091 TO PROVIDE FINANCIAL SUPPORT TO WALDORF UNIVERSITY AND TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL PROGRAMS AND EXPERIENCES TO STUDENTS OF WALDORF UNIVERSITY. false false 6658087 263863 23183073 THE EXEMPT PURPOSE OF THE WALDORF LUTHERAN COLLEGE FOUNDATION, INC. IS TO PROVIDE FINANCIAL SUPPORT TO WALDORF UNIVERSITY AND TO PROVIDE SCHOLARSHIPS TO STUDENTS OF WALDORF UNIVERSITY. IT IS ALSO DEDICATED TO PROVIDE EDUCATIONAL PROGRAMS AND EXPERIENCES FOR STUDENTS. 6658087 true true false false false false false false false true true false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 20 0 false 684 true false false false false false false false false X 12 12 false false false false false false false true true false false false true false true true false true true false X ORGANZATION 6415858496 106 SOUTH 6TH STREET FOREST CITY IA 504361713 ROBERT ALSOP CEO 40.00 X 233475 0 30500 DAISY H HALVORSON CFO 40.00 X 138896 0 32517 SEVERIN ROBERTS EX DIR WLCF 40.00 X 137072 0 24729 MICHAEL HEITKAMP EXEC VP REM 40.00 X 130941 0 23181 JASON RAMAKER STAFF RES 40.00 X 106176 0 24763 JONATHAN BROWN VP FOR ON-LI 40.00 X 111904 0 16708 RAYMOND BEEBE TRUSTEE 1.00 X 0 0 0 RICHARD CORCORAN TRUSTEE 1.00 X 0 0 0 DR ARDRELLE EVANS TRUSTEE 1.00 X 0 0 0 DR TERRY FRAZIER TRUSTEE 1.00 X 0 0 0 YOLANDA GALLEGOS SECRETARY 1.00 X X 0 0 0 RICHARD GAUMER TRUSTEE 1.00 X 0 0 0 JOHN JAY HANSON TRUSTEE 1.00 X 0 0 0 DENISE HILL TRUSTEE 1.00 X 0 0 0 DR RANDY JUHL VICE CHAIR 1.00 X X 0 0 0 ERIC MCHANEY TRUSTEE 1.00 X 0 0 0 DR KRISTINE MEYER TRUSTEE 1.00 X 0 0 0 DR DAVID WEBER CHAIR 1.00 X X 0 0 0 858464 152398 6 true true false 4720114 4720114 TUITION & FEES 22241129 22241129 MISCELLANEOUS 845806 845806 CATERING 96138 96138 23183073 168366 168366 119279 119279 119279 119279 28190832 23302352 168366 263863 263863 435388 435388 12089477 3754169 8335207 101 226699 149565 77134 1647112 13438 1633674 942195 282658 659537 3683 3683 33560 33560 356034 356034 747273 278338 468935 1535675 1878 1527830 5967 941672 221185 698562 21925 1620268 254568 1365700 3005105 11505 2980471 13129 1028993 694724 324719 9550 171751 171751 496393 496393 CLASSROOM 694953 694953 BAD DEBT 172424 172424 26412518 6658087 19703759 50672 X 870952 759813 3379571 2188152 1885758 1392190 157976 142458 200164 278178 14980794 1159576 13757862 13821218 6204532 7139766 1081776 1086637 61657 54128 27600248 26862540 1596528 1518129 583636 405469 5780724 2235818 1658734 2565334 621049 732699 10240671 7457449 X 12096973 11489318 5262604 7915773 17359577 19405091 27600248 26862540 1778314 458030 -190830 X false true X true X 290775 1025440 7083330 1708103 4720114 14827762 290775 1025440 7083330 1708103 4720114 14827762 14827762 53109 137821 158300 167462 168366 685058 7260 7260 15520080 23183073 0.95540 0.94310 X PART II, LINE 10 7,260 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4296886 128504 452650 49865 4828175 3579296 479442 417305 179157 4296886 0.04000 0.96000 false false 4431829 4431829 7212121 444664 6767457 1233647 75502 1158145 1786038 555445 1230593 317159 83965 233194 13821218 DEPOSITS ON HAND 732699 732699 X 28648862 458030 458030 28190832 28190832 26412518 26412518 26412518 SCHEDULE D, PAGE 2, PART V, LINE 4 SUPPORT ORGANIZATION'S MISSION SCHEDULE D, PAGE 3, PART X THE UNIVERSITY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE UNIVERSITYS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WAS NO PROVISION FOR INCOME TAXES DUE ON UNRELATED BUSINESS INCOME IN FISCAL YEAR 2025. THE UNIVERSITY IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. IN ADDITION, THE UNIVERSITY IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY FILES AN EXEMPT UNIVERSITY BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. MANAGEMENT BELIEVES THERE IS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ANNUAL FILING REQUIREMENTS, AND AS SUCH, THE UNIVERSITY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE UNIVERSITY WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. true WALDORF UNIVERSITY 263863 SCHOLARSHIPS X X X X false false false false false false false false false ROBERT ALSOP CEO 233475 30500 263975 DAISY H HALVORSON CFO 138896 25000 7517 171413 SEVERIN ROBERTS EX DIR WLCF 137072 5921 18808 161801 MICHAEL HEITKAMP EXEC VP REM 130941 4872 18309 154122 JONATHAN BROWN VP FOR ON-LINE OPS 111904 4755 11953 128612 FORM 990, PAGE 1, PART I, LINE 6 BOARD SERVES WITHOUT COMPENSATION FORM 990, PAGE 6, PART VI, LINE 11B REVIEWED BY THE EXECUTIVE COMMITTEE AND THE EXECUTIVE DIRECTOR FORM 990, PAGE 6, PART VI, LINE 12C PERIODIC REVIEW FORM 990, PAGE 6, PART VI, LINE 15A COMPARISON WITH OTHER LIKE KIND INSTITUTIONS BOARD APPROVAL FORM 990, PAGE 6, PART VI, LINE 15B COMPARISON WITH OTHER LIKE KIND INSTITUTIONS FORM 990, PAGE 6, PART VI, LINE 19 ON REQUEST FORM 990, PART X PRIOR PERIOD ADJUSTMENT A PRIOR PERIOD ADJUSTMENT WAS MADE TO CORRECT NET ASSETS WITHOUT DONOR RESTRICTIONS AS OF JUNE 30, 2024, RESTATING: OTHER DEPOSITS NET ASSETS AS PREVIOUSLY STATED 418,047 17,359,577 INCREASE OTHER DEPOSITS 190,830 (190,830) AS RESTATED 608,877 17,168,747