New Oil Christian Center
- Assets
- $2.2m
- Revenue
- $631.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2021
- EIN
- 26-4556121
Organization Overview
New Oil Christian Center is located in Minneapolis, MN. 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, New Oil Christian Center employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Oil Christian Center 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, New Oil Christian Center generated $631.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $544.3k during the year ending 12/2021. While expenses have increased by 19.5% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPLOY AND ENGAGE IN CREATIVE MINISTRY PROVIDING EVERY OPPORTUNITY IN THEIR EXPERIENCE IN JESUS CHRIST THROUGH THE POWER OF WORSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW OIL AND 21 DAYS OF PEACE HAS PARTNERED TOGETHER TO CREATED THE MOBILE CORNERED OFFICE TO CREATED A INITIATIVE TO REACH OUR THE COMMUNITY. MOBILE CORNER OFFICE IS MOBILE TRUCK THAT GOES INTO THE COMMUNITIES OF TWIN CITIES RECRUITE INDIVIDUALS TO APPLY FOR EMPLOYMENTS THAT IS SEEKING STAFF AND TO BUILD THE WORKFORCE BACK AND CREATED A PRESENCE IN OUR COMMUNITIES WITH POSITIVE CHANGE AND INTENTIONAL IN TAKING BACK OUR COMMUNITIES ONE BLOCK AT A TIME.
NEW OIL COVID EMERGENCY TEMPORARY SHELTER PROGRAM HAS PARTNETED WITH MN DEPT OF HUMAN SERVICES TO PROVIDED A TEMPORARY SHELTER FOR HOMELESS INDIVIDUALS TESTED POSITIVE WITH COVID. INDIVIDUALS ARE QUARANTINE THEN MOVE TO A MN STATE FACILITY.
NEW OIL CHILDCARE AND ELDERLY DAY CARE STARTED IN 2019 TO PROVIDED CARE FOR YOUNG MOTHERS WITH CHILDREN. ELDERLY DAY CENTER WHICH IS LOCATED IN THE WEST WING OF THE CHURCH. ELDER DAY CENTER PROVIDED ACTIVITIES, EXERCISE AND TRANSPORTATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce C Carpenter Pastor | Trustee | 60 | $20,000 |
Brenda C Carpenter Trustee | Trustee | 40 | $14,000 |
John Fountain Trustee | Trustee | 20 | $0 |
Mitzee Campbell Treasurer | Trustee | 20 | $0 |
Elsie Peeler Board Trustee | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $137,517 |
| All other contributions, gifts, grants, and similar amounts not included above | $228,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,763 |
| Total Program Service Revenue | $265,322 |
| 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 | $631,085 |
| 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. | $17,000 |
| Compensation of current officers, directors, key employees. | $17,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,968 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,266 |
| Fees for services: Management | $109,389 |
| Fees for services: Legal | $5,203 |
| Fees for services: Accounting | $7,050 |
| 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 | $34,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,451 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,104 |
| Interest | $40,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,890 |
| Insurance | $17,224 |
| All other expenses | $48,157 |
| Total functional expenses | $544,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,360 |
| 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 | $1,840,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,176,692 |
| Accounts payable and accrued expenses | $0 |
| 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 | $959,588 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $959,588 |
| Net assets without donor restrictions | $1,217,104 |
| 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 | $2,176,692 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Oil Christian Center has recieved totaling $311,805.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $294,014 |
The Food Group Minnesota Inc New Hope, MN PURPOSE: FOOD DISTRIBUTION | $17,791 |
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 |