Ministry Arts Association Inc
- Assets
- $57.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 09/2004
- Data as of
- 12/2022
- EIN
- 04-3744582
Organization Overview
Ministry Arts Association Inc is located in Sioux Falls, SD. The organization was established in 2004. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ministry Arts Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ministry Arts Association Inc generated $21.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $22.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Nielsen President | 50 | $11,829 | |
David Honner Sec/treas | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,555 |
| Total Program Service Revenue | $0 |
| Membership dues | $1 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,556 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,189 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,035 |
| Printing, publications, postage, and shipping | $1,618 |
| Other expenses | $7,748 |
| Total expenses | $22,590 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,000 |
| Other assets | $0 |
| Total assets | $57,694 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,694 |