Mission
The organization operates the Free Lutheran Bible College (FLBC) and the Free Lutheran Seminary (FLS) to provide a faith based education.
Public Charity
Free Lutheran Theological Seminary
Free Lutheran Theological Seminary is a Public Charity headquartered in Minneapolis, MN. Financial data from the 2025 filing: $5.4M revenue, $5.6M expenses, $16.6M total assets. 7 publicly reported grants to this organization, totaling roughly $109K, appear in IRS filings.
EIN: 200052373
Minneapolis, MN
Graduate & Professional Schools
NTEE: B50
Latest filing: 2025
Total Revenue$5.4M
Total Expenses$5.6M
Total Assets$16.6M
Grant Records7
Funding Total$109K
Filing Years2021–2025
Where $100 goes at Free Lutheran Theological Seminary
How Free Lutheran Theological Seminary divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$81
Programs
the work itself
$15
Management
running the organization
$4
Fundraising
raising the next dollar
Inside the $81 for programs
$81
Free Lutheran Theological Seminary Corporation provided a post high school Bible College and spiritual life skills training program that teaches applied theology to prepare students for ministry in…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$12,250
For grant recipient's exempt purposes
$8,000
For grant recipient's exempt purposes
$10,000
For grant recipient's exempt purposes
$52,000
IN FURTHERANCE OF FOUNDATION'S PURPOSES
$1,000
Showing up to 5 of 7 total records — full history available with membership.
Officers & Directors
Director
Alan Arneson
Director
Erl Langness
Director
Gary Erickson
Chief Academic OffDean of Seminary
James Molstre
Vice President of Operations
Larry Myhrer
Secretary
Nathan Dalager
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $5.4M | $5.6M | $16.6M |
| 2024 | $6.0M | $5.9M | $17.1M |
| 2023 | $5.3M | $5.2M | $17.0M |
| 2022 | $4.8M | $4.3M | $17.1M |
| 2021 | $4.6M | $3.9M | $16.6M |
Between 2021 and 2025, reported annual revenue grew from $4.6M to $5.4M (+17%), with total assets most recently reported at $16.6M.
Interactive year-over-year charts and full filing details available with membership.