Overcomer Foundation
- Assets
- $274.9k
- Revenue
- $270.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-2930033
Organization Overview
Overcomer Foundation is located in Excelsior, MN. The organization was established in 2009. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, 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. Overcomer Foundation 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, Overcomer Foundation generated $270.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $163.2k during the year ending 12/2021. While expenses have increased by 7.1% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OVERCOMER FOUNDATION'S MISSION IS TO HELP PEOPLE OVERCOME THE CHALLENGES OF LIFE
Describe the Organization's Program Activity:
CURRENTLY, THE ORGANIZATION USES EDUCATIONAL MEANS TO PURSUE ITS PURPOSE THROUGH RADIO, PRINT AND VIDEO RESOURCES, AND EVENTS. FUTURE PLANS INCLUDE YOUTH EVENTS, SPORTS CAMPS, SCHOOLING, AND FINANCIAL AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brodie Wheaton Secretary | Trustee | 40 | $6,039 |
David Wheaton Executive Dir. | Trustee | 20 | $0 |
David Anderson Treasurer | Trustee | 0 | $0 |
John Styrbicki Director | Trustee | 0 | $0 |
Bruce Wheaton Director | Trustee | 0 | $0 |
Mark Wheaton Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,548 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $225,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,787 |
| Total Program Service Revenue | $500 |
| Investment income | $62 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,938 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,023 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$8,090 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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. | $6,039 |
| Compensation of current officers, directors, key employees. | $1,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,692 |
| Advertising and promotion | $36,096 |
| Office expenses | $12,295 |
| Information technology | $16,379 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $117 |
| 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 | $3,113 |
| Insurance | $1,107 |
| All other expenses | $0 |
| Total functional expenses | $163,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,900 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,781 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $274,899 |
| Accounts payable and accrued expenses | $13,004 |
| 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 | $13,004 |
| Net assets without donor restrictions | $261,895 |
| Net assets with donor restrictions | $0 |
| 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 | $274,899 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Overcomer Foundation has recieved totaling $10,126.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $126 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gabriel Media St Cloud, MN | $4,124,019 | $1,629,272 |
St Gabriel Communications West Des Moines, IA | $1,871,231 | $1,205,092 |
Saint Gabriel Communications Ltd Sioux City, IA | $1,655,379 | $338,338 |
Key Of David Ministries Non Proft Organization Cedarburg, WI | $3,609 | $269,768 |
Beachglass Ministries Inc Port Washington, WI | $215,465 | $216,760 |
Overcomer Foundation Excelsior, MN | $274,899 | $270,174 |
American Radio Missions Foundation Corporation Pella, IA | $459,737 | $25,237 |
We Have This Hope Christian Radio Inc Park Rapids, MN | $195,096 | $0 |
Aquinas Communications Inc Dubuque, IA | $95,678 | $0 |
Fourth Dimension Inc Eau Claire, WI | $154,467 | $0 |
The Blast Ministries Inc Bridgewater, SD | $63,514 | $0 |
Praise Broadcasting Osakis, MN | $0 | $24,903 |