Osterhus Publishing House Inc
- Assets
- $989.7k
- Revenue
- $41.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Robbinsdale, MN
- Founding
- 09/1964
- Data as of
- 12/2022
- 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 12/2022, Osterhus Publishing House Inc employed 2 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 12/2022, Osterhus Publishing House Inc generated $41.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (42.8%) each year. All expenses for the organization totaled $66.0k during the year ending 12/2022. 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
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 |
|---|---|---|---|
Rhonda Harmon Director | Trustee | 11 | $9,079 |
Philip C Osterhus President | OfficerTrustee | 4 | $0 |
Ray Badgero Treasurer | OfficerTrustee | 3 | $0 |
Kim Tramm Secretary | OfficerTrustee | 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 | $6,871 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,871 |
| Total Program Service Revenue | $12,570 |
| Investment income | $19,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,191 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,240 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $621 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,079 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $350 |
| Office expenses | $9,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,378 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,067 |
| Insurance | $1,688 |
| All other expenses | $0 |
| Total functional expenses | $65,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,842 |
| Savings and temporary cash investments | $214,327 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,244 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $520,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $248,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $989,713 |
| Accounts payable and accrued expenses | $1,127 |
| 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 | $1,000 |
| Total liabilities | $2,127 |
| Net assets without donor restrictions | $987,586 |
| 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 | $989,713 |
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|---|---|---|
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Its Good To Know Inc St Paul, MN | $563,508 | $1,167,424 |
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Jewfolk Media Inc Minneapolis, MN | $478,044 | $629,879 |
The Globe Sioux City, IA | $930,209 | $433,371 |
Lamplighters International Minneapolis, MN | $224,526 | $380,429 |
They Need The Bible Crystal, MN | $32,016 | $0 |
Without Reservation Bemidji, MN | $103,933 | $0 |
Osterhus Publishing House Inc Robbinsdale, MN | $989,713 | $41,153 |
Intertribal Christian Communications Pembina, ND | $80,693 | $0 |
Witness Publishing Co Dubuque, IA | $0 | $0 |