Higher Things Inc
- Assets
- $954.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Lisbon, IA
- Founding
- 07/2001
- Data as of
- 04/2022
- EIN
- 39-2011837
Organization Overview
Higher Things Inc is located in Lisbon, IA. The organization was established in 2001. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 04/2022, Higher Things Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Higher Things 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 04/2022, Higher Things Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.3m during the year ending 04/2022. While expenses have increased by 6.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HIGHER THINGS IS TO MAKE THE GIFTS OF CHRIST JESUS KNOWN TO YOUTH AND YOUNG ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HELD FOUR CONFERENCES FOR YOUTH SERVING OVER 1,700 YOUTH, PASTORS, AND ADULT LEADERS. THE CONFERENCES PROMOTE A CHRISTIAN IDENTITY FOR THE YOUTH AND PROVIDE A PLACE WHERE THEY CAN MORE DEEPLY UNDERSTAND THEIR CHRISTIAN FAITH. CONFERENCES INCLUDE DAILY WORSHIP, CATECHESIS CLASSES, BREAKOUT SESSIONS AND ENTERTAINMENT. SMALLER RETREATS ARE HELD THROUGHOUT THE YEAR WITH SIMILAR OBJECTIVES BUT ON A MUCH SMALLER, REGIONAL SCALE.
OUR CONTENT AREA PRODUCES VIDEO SHORTS, DEVOTIONAL BOOKLETS, PODCASTS, CURRICULUM INCLUDING VACATION BIBLE SCHOOL PACKAGES, BIBLE STUDIES AND HOSTS VIRTUAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Jacoby Sorensen Executive Director | Officer | 40 | $80,475 |
Jeffrey Ware Director | Trustee | 2 | $900 |
Duane Bamsch President | OfficerTrustee | 10 | $800 |
Joel Fritsche Secretary | OfficerTrustee | 2 | $0 |
Randy Sturzenbecher Vice President | OfficerTrustee | 2 | $0 |
Kurt Winrich Treasurer | OfficerTrustee | 2 | $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 | $448,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,803 |
| Total Program Service Revenue | $753,017 |
| Investment income | $1,344 |
| 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 | $16,059 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,219,223 |
| 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. | $97,190 |
| Compensation of current officers, directors, key employees. | $14,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $290,820 |
| Pension plan accruals and contributions | $14,408 |
| Other employee benefits | $26,050 |
| Payroll taxes | $28,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,766 |
| Fees for services: Accounting | $15,098 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,270 |
| Advertising and promotion | $0 |
| Office expenses | $17,644 |
| Information technology | $42,657 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $106,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $544,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,820 |
| All other expenses | $0 |
| Total functional expenses | $1,256,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,069 |
| Savings and temporary cash investments | $346,333 |
| 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 | $8,750 |
| 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 | $954,152 |
| Accounts payable and accrued expenses | $9,362 |
| Grants payable | $0 |
| Deferred revenue | $755,353 |
| 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 | $764,715 |
| Net assets without donor restrictions | $189,437 |
| 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 | $954,152 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Higher Things Inc has recieved totaling $25,777.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL SUPPORT | | $20,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,777 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bill Winston Ministries Forest Park, IL | $6,676,875 | $15,498,938 |
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Breakthrough Urban Ministries Inc Chicago, IL | $9,536,563 | $12,933,979 |
Haven Of Our Lady Of Peace Inc St Louis, MO | $8,612,583 | $10,375,484 |
Christian Buehler Memorial Peoria, IL | $194,168,877 | $24,390,628 |
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 |
Resourcing Christian Education International Nfp Wheaton, IL | $4,529,324 | $9,552,178 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Mission Eurasia Wheaton, IL | $4,079,309 | $7,777,222 |
Lutheran Bible Translators Inc Concordia, MO | $15,904,913 | $8,793,746 |