Goodword Partnership
- Assets
- $304.7k
- Revenue
- $315.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Edina, MN
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 20-3545214
Organization Overview
Goodword Partnership is located in Edina, MN. The organization was established in 2006. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Goodword Partnership employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodword Partnership 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 12/2021, Goodword Partnership generated $315.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $270.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GOODWORD PARTNERSHIP EXISTS TO EQUIP AND STIMULATE THE LOCAL CHURCH AND EVANGELIST WORLDWIDE IN FULFILLING THEIR CALLING OF INVITING PEOPLE OF ALL AGES AND NATIONALITIES TO A RELATIONSHIP WITH JESUS CHRIST THROUGH PUBLIC PROCLAMATION OF THE GOSPEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVANGELICAL TRAINING CONFERENCES: VARIOUS CHURCH LEADERS ABROAD WERE INVITED TO COME AND LEARN WHAT THE SCRIPTURES SAY ABOUT EVANGELISM.
PUBLIC PROCLAMATION OF THE GOSPEL: PARTNERING OF LOCAL AND INTERNATIONAL EVANGELISTS IN THE PROCLAMATION OF THE GOSPEL IN A VARIETY OF SETTINGS.
TRAINING IN CHURCH MOBILIZATION: TEACHING PASTORS ABROAD HOW TO MOBILIZE CONGREGATIONS IN WITNESSING AND FOLLOW UP WITH NEW BELIEVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Blair T Carlson Founder & Direc | OfficerTrustee | 40 | $85,500 |
Royston Kruse Secretary | OfficerTrustee | 40 | $48,000 |
Daniel Fine Treasurer | OfficerTrustee | 1 | $0 |
Larry Backlund Board Member | OfficerTrustee | 1 | $0 |
Todd Johnson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,616 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,476 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $315,476 |
| 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 | $26,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,500 |
| Compensation of current officers, directors, key employees. | $41,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,069 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,469 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,460 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $679 |
| All other expenses | $3,342 |
| Total functional expenses | $270,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,682 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $304,682 |
| Accounts payable and accrued expenses | $3,375 |
| 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 | $0 |
| Total liabilities | $3,375 |
| Net assets without donor restrictions | $261,307 |
| Net assets with donor restrictions | $40,000 |
| 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 | $304,682 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Goodword Partnership has recieved totaling $192,064.
| Awarding Organization | Amount |
|---|---|
Nelson Family Foundation Inc Prescott, WI PURPOSE: RELIGIOUS ORGANIZATION - PARTNERSHIP OPERATION | $150,000 |
Tds Foundation Irvine, CA PURPOSE: GENERAL SUPPORT - EVANGELISM TRAINING | $15,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $10,272 |
Larson Foundation Bonita Springs, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $6,250 |
Oscar Rixson Foundation Asheville, NC PURPOSE: MISSION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home And Away Ministries North Branch, MN | $25,723,249 | $42,419,971 |
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Venture Burnsville, MN | $4,889,777 | $6,516,603 |
Evangelical Lutheran Good Samaritan Foundation Sioux Falls, SD | $102,471,128 | $9,259,464 |
Christian Worship Hour Aberdeen, SD | $3,374,479 | $4,060,903 |
Luther Memorial Home Madelia, MN | $3,423,486 | $4,600,698 |
Barnabas International Elkhorn, WI | $2,407,026 | $3,476,922 |