Olive Tree Ministries
- Assets
- $7.8m
- Revenue
- $4.2m
- Investments
- $57.2k
- Employees
- 6
- Location
- Maple Grove, MN
- Founding
- 12/1982
- Data as of
- 12/2021
- 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 12/2021, Olive Tree Ministries employed 6 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 12/2021, Olive Tree Ministries generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 8.3% 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
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 |
|---|---|---|---|
Jan Markell Founder, Director, President | OfficerTrustee | 40 | $135,329 |
Kevin Rische Administrator | OfficerTrustee | 40 | $86,799 |
Angie Vokaty Secretary | OfficerTrustee | 40 | $51,660 |
Dave Bergo Chair | OfficerTrustee | 0 | $0 |
John Wicklund Vice Chair | OfficerTrustee | 0 | $0 |
Ken Mikle 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 | $3,776,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,776,046 |
| Total Program Service Revenue | $0 |
| Investment income | $40,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $366,014 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,185,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $330,104 |
| 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. | $309,907 |
| Compensation of current officers, directors, key employees. | $33,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,147 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,095 |
| Fees for services: Accounting | $62,966 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,787 |
| Fees for services: Other | $18,200 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $37,392 |
| 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 | $7,748 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $492 |
| Insurance | $0 |
| All other expenses | $48,198 |
| Total functional expenses | $1,802,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,978,564 |
| Savings and temporary cash investments | $3,252,672 |
| 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 | $96,694 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $692 |
| Investments—publicly traded securities | $1,429,046 |
| Investments—other securities | $57,221 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,814,889 |
| Accounts payable and accrued expenses | $83,571 |
| 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 | $83,571 |
| Net assets without donor restrictions | $7,731,318 |
| 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 | $7,814,889 |
Grants Awarded
Over the last fiscal year, Olive Tree Ministries has awarded $225,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARK HENRY MINISTRIES PURPOSE: CONTRIBUTION | $175,000 |
Brooklyn Park, MN PURPOSE: CONTRIBUTION | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Olive Tree Ministries has recieved totaling $48,160.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $15,960 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $14,750 |
Nelson Family Charitable Tr Little Rock, AR PURPOSE: MINISTRY OPERATIONS | $10,000 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $5,700 |
Storz Charitable Tr Festus, MO PURPOSE: RADIO OUTREACH, CONFERENCE ACTIVITY, | $1,500 |
Whitener Family Foundation Ladys Island, SC PURPOSE: CHARITABLE GIFT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agate Housing And Services Inc Minneapolis, MN | $17,135,849 | $18,145,205 |
Catholic Foundation For The Archdiocese Of Dubuque Cedar Rapids, IA | $127,453,113 | $10,700,862 |
St Joseph Real Estate Services Corporation Green Bay, WI | $9,099,106 | $3,700,773 |
Know The Truth Ministries Inc Chanhassen, MN | $269,842 | $2,371,086 |
City On A Hill Inc Milwaukee, WI | $1,825,972 | $1,822,673 |
Olive Tree Ministries Maple Grove, MN | $7,814,889 | $4,185,907 |
Herzl Camp Foundation St Louis Park, MN | $6,175,107 | $1,858,323 |
Temple Israel Foundation Minneapolis, MN | $14,124,521 | $641,745 |
Minnesota Catholic Conference Saint Paul, MN | $392,885 | $767,491 |
St Pauls United Methodist Church Of Cedar Rapids Foundation Cedar Rapids, IA | $7,255,081 | $1,159,292 |
Brahmananda Saraswati Jyotish Foundation Fairfield, IA | $78,051 | $657,695 |
Ong First Friends Church Trust 1695800 Milwaukee, WI | $5,413,078 | $1,006,602 |