Sioux Falls Ministry Center
- Assets
- $9.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Sioux Falls, SD
- Founding
- 12/2009
- Data as of
- 12/2023
- EIN
- 26-4760861
Organization Overview
Sioux Falls Ministry Center is located in Sioux Falls, SD. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Sioux Falls Ministry Center employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sioux Falls Ministry 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 12/2023, Sioux Falls Ministry Center generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 13.1% 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
THE PURPOSE OF THE SIOUX FALLS MINISTRY CENTER IS TO BE A CHRISTIAN ORGANIZATION PROVIDING A FACILITY FOR OURTREACH MINISTRIES. THE PURPOSE OF THE FACILITY ARE TO OFFER OPERATIONAL COST-SAVINGS, MUTUALLY-COMPLEMENTARY SERVICES TO GUESTS, AND ENCOURAGEMENT AND EMPOWERMENT TO EACH OTHER AS OUTREACH MINISTRIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEASING SPACE IN THE FACILITY TO CHRISTIAN OUTREACH MINISTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Merkouris President | OfficerTrustee | 40 | $67,692 |
Karrie Schipper Secretary | OfficerTrustee | 2 | $0 |
Chad Hatch Director | Trustee | 0 | $0 |
Mick Conlin Director | Trustee | 0 | $0 |
Eric Yunag Vice President | OfficerTrustee | 2 | $0 |
James Krueger Director | Trustee | 0 | $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 | $354,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,364 |
| Total Program Service Revenue | $866,908 |
| Investment income | $12,866 |
| 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 | $1,256,272 |
| 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. | $67,692 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,563 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $413 |
| Fees for services: Accounting | $14,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,014 |
| Office expenses | $193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $355,244 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $171,853 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,547 |
| Insurance | $27,339 |
| All other expenses | $0 |
| Total functional expenses | $1,163,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800,191 |
| 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 | $8,147,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,863 |
| Total assets | $9,198,615 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $976,988 |
| 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 | $4,279,146 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2 |
| Total liabilities | $5,256,136 |
| Net assets without donor restrictions | $3,942,479 |
| 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 | $9,198,615 |
Grants Awarded
Over the last fiscal year, Sioux Falls Ministry Center has awarded $118,707 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FAIR MARKET | | | $36,707 |
EMPOWER GROCERIES | | | $82,000 |