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Education · MN

Free Lutheran Theological Seminary

Free Lutheran Theological Seminary's latest filing in the PeerBasis snapshot reports a Part VII D + F figure of $130,059 for Wade Mobley, President (FY 2024). Column F can include amounts from the filing and related organizations.

After indexing supported filing years to 2025 comparison dollars, the subject figure is $133,481. It is higher than the D + F figure for 6 of 24 peer organizations selected under the disclosed tier Same NTEE sector (B50), nationwide + size band 0.71–1.4× revenue (approximately 25%; median $234,236). This is descriptive, not a reasonableness conclusion.

$5,951,732Total revenue (FY 2024)
$130,059Reported Part VII D + F figure
6 / 24Selected peers with a strictly lower 2025-dollar figure (approximately 25%)

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Review the selected comparables for Free Lutheran Theological Seminary, then prepare a source-linked report and bracketed documentation worksheet for the board to verify and complete.

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Selected peer organizations

Actual selection tier: Same NTEE sector (B50), nationwide + size band 0.71–1.4× revenue. Displayed D + F figures from supported filing years are indexed to 2025 comparison dollars with BLS CPI-U; a nationwide tier also uses 2024 BEA RPP as a consumer price-level proxy when both the subject and peer have supported state codes. Unsupported state codes receive no interstate adjustment. Comparison values can differ from the raw filing. Column F may include related-organization amounts.

OrganizationStateRevenueD + F (2025 dollars)
Southern California School Of Theology CA$5,843,787 $235,618
The Harry S Truman Library Institute MO$5,770,708 $448,905
High School For Recording Arts MN$5,737,096 $65,672
Academy For The Love Of NM$5,563,697 $232,854
Ld Pankey Dental Foundation Inc FL$5,549,577 $167,462
Pittsburgh Institute Of Mortuary Science PA$5,422,125 $274,783
Phoenix Seminary Inc AZ$6,515,486 $205,952
Grace School Of Theology TX$6,555,458 $273,886

View the organization record and available filings on ProPublica