Osterhus Publishing House Inc
- Assets
- $1.0m
- Revenue
- $81.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Robbinsdale, MN
- Founding
- 09/1964
- Data as of
- 12/2021
- EIN
- 41-0462260
Organization Overview
Osterhus Publishing House Inc is located in Robbinsdale, MN. The organization was established in 1964. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Osterhus Publishing House Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Osterhus Publishing House 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 12/2021, Osterhus Publishing House Inc generated $81.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $117.4k during the year ending 12/2021. While expenses have increased by 4.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLISH AND DISTRIBUTE CHRISTIAN RELIGIOUS LITERATURE IN MANY DIFFERENT LANGUAGES AND COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINT, PUBLISH AND DISTRIBUTE RELIGIOUS MATERIALS (TRACTS) TO CHURCHES AND ORGANIZATIONS AROUND THE WORLD TO SPREAD THE WORD OF JESUS CHRIST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Osterhus President | OfficerTrustee | 4 | $12,500 |
David W Osterhus Treasurer | OfficerTrustee | 10 | $2,598 |
Raymond Badgero Secretary | OfficerTrustee | 1 | $0 |
Phillip C Osterhus Vice President | OfficerTrustee | 1 | $0 |
Kim Tramm Member At Large | Trustee | 1 | $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 | $28,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,126 |
| Total Program Service Revenue | $31,615 |
| Investment income | $21,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $978 |
| 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 | $81,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,000 |
| 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. | $15,098 |
| Compensation of current officers, directors, key employees. | $2,598 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,617 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,775 |
| Office expenses | $9,711 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,442 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,067 |
| Insurance | $3,956 |
| All other expenses | $2,824 |
| Total functional expenses | $117,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,807 |
| Savings and temporary cash investments | $159,943 |
| 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 | $582,271 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $252,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,014,388 |
| Accounts payable and accrued expenses | $979 |
| 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 | $1,001 |
| Total liabilities | $1,980 |
| Net assets without donor restrictions | $1,012,408 |
| 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 | $1,014,388 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Truth78 St Paul, MN | $344,361 | $1,221,042 |
Its Good To Know Inc St Paul, MN | $221,609 | $861,119 |
Ecs Ministries Dubuque, IA | $2,151,544 | $552,910 |
The Globe Sioux City, IA | $930,209 | $433,371 |
Lamplighters International Minneapolis, MN | $216,636 | $356,826 |
Jewfolk Media Inc Minneapolis, MN | $302,847 | $318,529 |
Osterhus Publishing House Inc Robbinsdale, MN | $1,014,388 | $81,787 |
Witness Publishing Co Dubuque, IA | $0 | $21,836 |
Without Reservation Bemidji, MN | $112,468 | $0 |
Intertribal Christian Communications Pembina, ND | $7,668 | $0 |