Proclaim Aviation Ministries Inc
- Assets
- $1.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 37
- Location
- Worthington, MN
- Founding
- 06/2004
- Data as of
- 12/2023
- EIN
- 20-0764068
Organization Overview
Proclaim Aviation Ministries Inc is located in Worthington, MN. The organization was established in 2004. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Proclaim Aviation Ministries Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proclaim Aviation Ministries 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 12/2023, Proclaim Aviation Ministries Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TRAINING TO MISSION AVIATORS AND HELP THEM WITH FINANCIAL OBLIGATIONS TO ALLOW THEM TO BE FULL TIME MISSIONARY AVIATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MISSIONARY PILOTS WITH AVIATION FLIGHT HOURS, PROFICIENCY AND EXPERIENCE, HELPED TO SATISFY DEBTS INCURRED DURING EDUCATION AND TRAINING, AND ASSISTED WITH A LIVING WAGE, HOUSING AND SUFFICIENT TIME FOR SUPPORT RAISING DURING THE INTERIM PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Ahlquist Director | Trustee | 1 | $0 |
Brian Hart Director | Trustee | 1 | $0 |
Phil Smith Director | Trustee | 1 | $0 |
Cameron Johnson Board Chair | Officer | 1 | $0 |
Brian Larsen Treasurer | Officer | 1 | $0 |
Dave Stenzel Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,122,814 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,122,814 |
| Total Program Service Revenue | $10,368 |
| Investment income | $18,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,058,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,584,742 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,862 |
| Payroll taxes | $107,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,652 |
| Advertising and promotion | $2,361 |
| Office expenses | $29,512 |
| Information technology | $5,480 |
| Royalties | $0 |
| Occupancy | $2,955 |
| Travel | $13,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,294 |
| Insurance | $35,657 |
| All other expenses | $19,254 |
| Total functional expenses | $2,214,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,984 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,570 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,431 |
| Net Land, buildings, and equipment | $4,968 |
| Investments—publicly traded securities | $859,269 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $1,282,222 |
| Accounts payable and accrued expenses | $9,242 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,926 |
| Total liabilities | $21,168 |
| Net assets without donor restrictions | $753,135 |
| Net assets with donor restrictions | $507,919 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,282,222 |