Twin Ports Ministry To Seafarers Inc
- Assets
- $110.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 02/1973
- Data as of
- 01/2022
- EIN
- 23-7296211
Organization Overview
Twin Ports Ministry To Seafarers Inc is located in Duluth, MN. The organization was established in 1973. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. Twin Ports Ministry To Seafarers 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 01/2022, Twin Ports Ministry To Seafarers Inc generated $105.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $93.7k during the year ending 01/2022. While expenses have increased by 1.2% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Douglas Paulson Executive Di | 38 | $26,089 | |
Kathy Douglas Board Member | 1 | $0 | |
Rachel Streit Treasurer | 1 | $0 | |
Rev Nathan Sager Vice Preside | 1 | $0 | |
Jayson Hron President | 3 | $0 | |
Rev Robert Goodin Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,698 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $42,461 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $105,388 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,251 |
| Professional fees and other payments to independent contractors | $16,800 |
| Occupancy, rent, utilities, and maintenance | $4,927 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41,719 |
| Total expenses | $93,697 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,104 |
| Other assets | $0 |
| Total assets | $110,003 |
| Total liabilities | $11,513 |
| Net assets or fund balances | $98,490 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Twin Ports Ministry To Seafarers Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Northland Foundation Duluth, MN PURPOSE: TO SUPPORT THE ESTABLISHMENT OF TRANSITIONAL HOUSING IN THE LINCOLN PARK NEIGHBORHOOD OF DULUTH. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |
Training Leaders International Minneapolis, MN | $2,737,195 | $5,107,369 |
Vcy America Inc Milwaukee, WI | $9,863,404 | $4,388,148 |
Thrivent Financial for Lutherans Foundation Minneapolis, MN | $0 | $8,333,726 |
International Fellowship Of Evangelical Students Usa Inc Madison, WI | $6,456,796 | $6,176,291 |
Wisconsin Evangelical Lutheran Synod Kingdom Workers Inc Waukesha, WI | $3,918,278 | $4,689,109 |
Lutheran Assoc Of Missionaries And Pilots U S Inc Brookfield, WI | $3,097,954 | $2,815,671 |
Presbyterian Student Center Foundation Madison, WI | $14,924,897 | $2,498,602 |
Lutheran Brethren Woodland Lodge Inc Fergus Falls, MN | $3,043,872 | $1,494,856 |
The Family Radio Network Inc Appleton, WI | $3,959,785 | $2,229,878 |