Mount Carmel Ministries
- Assets
- $6.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 57
- Location
- Alexandria, MN
- Founding
- 06/1987
- Data as of
- 12/2023
- EIN
- 41-1577937
Organization Overview
Mount Carmel Ministries is located in Alexandria, MN. The organization was established in 1987. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Mount Carmel Ministries employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Carmel 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 12/2023, Mount Carmel Ministries generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MOUNT CARMEL MINISTRIES IS A PLACE OF REST, RENEWAL, AND RECREATION WHERE PEOPLE EXPERIENCE JESUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIBLE CAMP MINISTRY - OUR CAMP PROVIDES BIBLICAL EDUCATION PROGRAMS, WORSHIP, AND CHRISTIAN FELLOWSHIP FOR ADULTS AND FAMILIES. WE ALSO PROVIDE A PLACE FOR CHRISTIAN CONGREGATIONS AND OTHER CHRISTIAN GROUPS TO COME AND RUN THEIR OWN PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Peterson Executive Director | Officer | 40 | $55,000 |
Dean Rostad Board Member | Trustee | 1 | $0 |
Nijhar Minz Board Member | Trustee | 1 | $0 |
David Wollan Board Member | Trustee | 1 | $0 |
Dave Lemmon Board Member | Trustee | 1 | $0 |
Brett Koopman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baru Contracting Llc Construction | 12/30/21 | $383,360 |
Kleven Construction Llc Construction | 12/30/21 | $292,943 |
Hilltop Lumber Inc Construction | 12/30/21 | $351,714 |
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 | $612,629 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,629 |
| Total Program Service Revenue | $492,560 |
| Investment income | $4,811 |
| 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 | $7,583 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,119,096 |
| 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. | $74,000 |
| Compensation of current officers, directors, key employees. | $8,880 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $523,815 |
| Pension plan accruals and contributions | $9,817 |
| Other employee benefits | $0 |
| Payroll taxes | $37,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,550 |
| Office expenses | $11,566 |
| Information technology | $10,782 |
| Royalties | $0 |
| Occupancy | $90,806 |
| Travel | $28,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,090 |
| Interest | $277 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $211,936 |
| Insurance | $45,451 |
| All other expenses | $37,066 |
| Total functional expenses | $1,469,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,638 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $227,000 |
| 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 | $12,402 |
| Prepaid expenses and deferred charges | $7,631 |
| Net Land, buildings, and equipment | $6,017,540 |
| Investments—publicly traded securities | $115,399 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,239 |
| Total assets | $6,722,849 |
| Accounts payable and accrued expenses | $73,646 |
| Grants payable | $0 |
| Deferred revenue | $48,379 |
| 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 | $13,983 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $136,008 |
| Net assets without donor restrictions | $5,964,642 |
| Net assets with donor restrictions | $622,199 |
| 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 | $6,722,849 |