Olive Tree Ministries
- Assets
- $9.8m
- Revenue
- $4.4m
- Investments
- $417.4k
- Employees
- 8
- Location
- Maple Grove, MN
- Founding
- 12/1982
- Data as of
- 12/2022
- EIN
- 41-1423795
Organization Overview
Olive Tree Ministries is located in Maple Grove, MN. The organization was established in 1982. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Olive Tree Ministries employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olive Tree Ministries 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, Olive Tree Ministries generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 10.4% per year over the past 8 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.
Since 2019, Olive Tree Ministries has awarded 16 individual grants totaling $454,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO HELP PEOPLE UNDERSTAND THE TIMES AND CONTEND FOR THE FAITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECTOR HOSTED RADIO PROGRAM CALLED UNDERSTANDING THE TIMES RADIO HEARD WORLDWIDE. THERE IS A REGULAR NEWSLETTER AND BI-MONTHLY EVENTS COHOSTED WITH A LOCAL CHURCH. CD AND DVD IMPACT AND OTHER PRODUCTS SOLD TO PEOPLE IN A DOZEN NATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Rische Administrator | OfficerTrustee | 40 | $101,752 |
Jan Markell Founder, President | OfficerTrustee | 40 | $166,000 |
Dave Bergo Chair | OfficerTrustee | 0 | $0 |
John Wicklund Vice Chair | OfficerTrustee | 0 | $0 |
Angie Vokaty Secretary | OfficerTrustee | 40 | $95,916 |
Denise Bergo 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 | $4,180,165 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,180,165 |
| Total Program Service Revenue | $0 |
| Investment income | $105,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$65,240 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $207,212 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,427,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $207,694 |
| 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. | $408,802 |
| Compensation of current officers, directors, key employees. | $99,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,584 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,352 |
| Payroll taxes | $36,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,982 |
| Fees for services: Accounting | $78,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,734 |
| Fees for services: Other | $29,523 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $41,381 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,599 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $461 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,268,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,624,527 |
| Savings and temporary cash investments | $4,759,934 |
| 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 | $142,372 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $231 |
| Investments—publicly traded securities | $1,852,365 |
| Investments—other securities | $417,436 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,796,865 |
| Accounts payable and accrued expenses | $142,581 |
| 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 | $0 |
| Total liabilities | $142,581 |
| Net assets without donor restrictions | $9,654,284 |
| 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 | $9,796,865 |
Grants Awarded
Over the last fiscal year, Olive Tree Ministries has awarded $135,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HISCHANNEL MINISTRIES PURPOSE: $6000 IS A DONATION FOR DECEMBER DANIEL'S VISION OF THEN END TIMES. $5000 IS FOR THE ISRAEL PROJECT. | $11,000 |
RADIO MV PURPOSE: SUPPORT UKRAINIAN RADIO | $28,000 |
GOOD SAMARITAN MISSION PURPOSE: SUPPORT DONATION FOR UKRAINE | $63,000 |
ROCK HARBOR CHURCH PURPOSE: GENERAL SUPPORT | $10,000 |
BEHOLD ISRAEL PURPOSE: GENERAL SUPPORT | $10,000 |
SBM WORLDWIDE INC PURPOSE: GENERAL SUPPORT | $8,000 |