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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Free Lutheran Theological Seminary

Free Lutheran Theological Seminary

Fiscal year ending 2024. Filed on April 15, 2025.

3134 East Medicine Lake Blvd
Minneapolis, Minnesota 55441

Free Lutheran Theological Seminary (EIN: 20-0052373) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, Free Lutheran Theological Seminary, a 501(c)(3) charitable organization, reported compensation for 4 out of 104 total employees. Among the employees shown here, the average compensation is $112,790. The highest compensated employee at Free Lutheran Theological Seminary is Wade Mobley with fiscal year 2024 compensation of $130,059.

Revenue, expenses, and employee compensation

Revenue

$5,951,732

Expenses

$5,932,418

Employee compensation

$2,762,986
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Wade Mobley
President
$130,059
$130,059 No related compNo other comp
James Molstre
Chief Academic Offdean of Se
$116,070
$116,070 No related compNo other comp
Larry Myhrer
Vice President, Operations
$108,414
$108,414 No related compNo other comp
Adam Osier
Vice President - Dean of Bible College
$96,617
$96,617 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Alan Arneson
Director
Gary Erickson
Director
Nathan Dalager
Secretary
Philip Johnson
Board Chair
Steve Snipstead
Vice Chair

Mission Statement

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

Revisions to this organization profile

April 15, 2025:
2024 Free Lutheran Theological Seminary 990 filed
January 21, 2024:
2023 Free Lutheran Theological Seminary 990 filed
June 6, 2023:
2022 Free Lutheran Theological Seminary 990 filed

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