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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 2020. Filed on June 15, 2021.

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 2020 IRS Form 990 filing, Free Lutheran Theological Seminary, a 501(c)(3) charitable organization, reported compensation for 5 out of 70 total employees. Among the employees shown here, the average compensation is $80,160. The highest compensated employee at Free Lutheran Theological Seminary is Wade Mobley with fiscal year 2020 compensation of $107,023.

Revenue, expenses, and employee compensation

Revenue

$3,653,057

Expenses

$3,845,300

Employee compensation

$2,005,246
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Wade Mobley
President
$107,023
$107,023 No related compNo other comp
Mark Olson
Vice President of Academic Af
$99,064
$99,064 No related compNo other comp
James Molstre
Vice President-Dean of the Se
$90,947
$90,947 No related compNo other comp
Larry Myhrer
Vice President, Operations
$64,763
$64,763 No related compNo other comp
Adam Osier
Vice President Academic Affai
$39,002
$39,002 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Alan Arneson
Secretary
Dean Nelson
Director
Don Balmer
Director
Gary Erickson
Director
Jason Gudim
Director
Philip Johnson
Director
Todd Erickson
Director

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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