Faithsearch International
- Assets
- $454.5k
- Revenue
- $449.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Edina, MN
- Founding
- 06/1979
- Data as of
- 12/2021
- EIN
- 41-1341478
Organization Overview
Faithsearch International is located in Edina, MN. The organization was established in 1979. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Faithsearch International employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faithsearch International 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, Faithsearch International generated $449.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $347.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. 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
PROCLAIMING THE GOSPEL WITH EVIDENCE TO ALL PEOPLES EVERYWHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF EVANGELISTIC BIBLE STUDY SERIES IN HOMES, CHURCHES AND ON THE RADIO. SPECIAL SEMINARS, INDIVIDUAL & SMALL GROUP DISCIPLESHIP & TEACHER TRAINING, DISTRIBUTION OF BIBLE STUDIES MATERIAL USING A VARIETY OF MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Bierle President | OfficerTrustee | 40 | $8,275 |
Brad Bierle Board Member | Trustee | $0 | |
Brad Little Board Member | Trustee | $0 | |
Don Nelson Board Member | Trustee | $0 | |
Patricia O'hare Board Member | Trustee | $0 | |
Jim Rasmussen Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,338 |
| All other contributions, gifts, grants, and similar amounts not included above | $399,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $445,623 |
| Total Program Service Revenue | $0 |
| Investment income | $40 |
| 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 | $4,152 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $449,815 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,773 |
| Pension plan accruals and contributions | $5,565 |
| Other employee benefits | $4,526 |
| Payroll taxes | $8,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,042 |
| Advertising and promotion | $0 |
| Office expenses | $23,649 |
| Information technology | $15,168 |
| Royalties | $0 |
| Occupancy | $31,543 |
| Travel | $15,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,437 |
| All other expenses | $994 |
| Total functional expenses | $347,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,742 |
| 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 | $5,464 |
| Prepaid expenses and deferred charges | $1,978 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,950 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,377 |
| Total assets | $454,511 |
| Accounts payable and accrued expenses | $11,600 |
| 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 | $847 |
| Total liabilities | $12,447 |
| Net assets without donor restrictions | $442,064 |
| 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 | $454,511 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Faithsearch International has recieved totaling $12,746.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $12,700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Hutterian Brethren Churches Inc Aberdeen, SD | $14,512,217 | $27,857,692 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |
Training Leaders International Minneapolis, MN | $2,737,195 | $5,107,369 |
Vcy America Inc Milwaukee, WI | $9,863,404 | $4,388,148 |
Thrivent Financial for Lutherans Foundation Minneapolis, MN | $0 | $8,333,726 |
International Fellowship Of Evangelical Students Usa Inc Madison, WI | $6,456,796 | $6,176,291 |
Wisconsin Evangelical Lutheran Synod Kingdom Workers Inc Waukesha, WI | $3,918,278 | $4,689,109 |
Lutheran Assoc Of Missionaries And Pilots U S Inc Brookfield, WI | $3,097,954 | $2,815,671 |
Presbyterian Student Center Foundation Madison, WI | $14,924,897 | $2,498,602 |
Lutheran Brethren Woodland Lodge Inc Fergus Falls, MN | $3,043,872 | $1,494,856 |