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Filing year 2023

Free Lutheran Theological Seminary

Minneapolis, Minnesota·EIN 20-0052373·NTEE B50 · Education·501(c)(3)
Total revenue
$6M
Total assets
$17.1M
Total expenses
$5.9M
Reported officers
9
Mission

The organization operates the Free Lutheran Bible College (FLBC) and the Free Lutheran Seminary (FLS) to provide a faith based education.

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations nationwide.

President
Median to 75th percentilevs Education peers in Minnesota
$130k
$142k
Chief Academic Offdean of Se
Officer (Unspecified)
$116k
$127k
Vice President of Operations
Vice President
25th percentile to median
$108k
$118k
VP - Dean of Bible College
Vice President
25th percentile to median
$97k
$106k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Free Lutheran Theological Seminary equaled 2% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
2%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 10%
from 2022

From $119k in 2022 to $130k in 2023.

$119k
2022
$130k
2023
In today's dollarsEst.
Up 7% in real terms$133k to $142k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 10% from 2022 to 2023, while revenue rose 12%.

$119k in 2022 to $130k in 2023.
  • Vice President pay rose 7% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Free Lutheran Theological Seminary

What does the Chief Executive Officer of Free Lutheran Theological Seminary earn?

In 2023, the Chief Executive Officer of Free Lutheran Theological Seminary received $130,059 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Education organizations in Minnesota, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Free Lutheran Theological Seminary compare with similar nonprofits?

Compared with the same role at Education organizations in Minnesota, the 2023 pay of the Chief Executive Officer at Free Lutheran Theological Seminary falls between the median and the 75th percentile. In 2023, the highest total compensation at Free Lutheran Theological Seminary equaled 2% of the organization's total expenses. The median for education organizations is 7%.

What are Free Lutheran Theological Seminary's revenue and expenses?

In 2023, Free Lutheran Theological Seminary reported $6M in total revenue and $5.9M in total expenses on its IRS Form 990.

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