Mount Carmel Ministries
- Assets
- $7.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 53
- Location
- Alexandria, MN
- Founding
- 06/1987
- Data as of
- 12/2021
- 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 12/2021, Mount Carmel Ministries employed 53 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 12/2021, Mount Carmel Ministries generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
PLACE OF REST, RENEWAL, AND RECREATION, WHERE PEOPLE EXPERIENCE JESUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIBLE CAMP MINISTRYOUR 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 | $63,654 |
Eric Ristvedt Board Chair | OfficerTrustee | 1 | $0 |
Paige Knorek Board Vice Chair | OfficerTrustee | 1 | $0 |
Kim Deterding Board Treasurer | OfficerTrustee | 1 | $0 |
Miriam Kindem Board Secretary | OfficerTrustee | 1 | $0 |
Bryn Knatterud At Large | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baru Contracting Llc Construction | 12/30/21 | $383,360 |
Hilltop Lumber Inc Construction | 12/30/21 | $351,714 |
Kleven Construction Llc Construction | 12/30/21 | $292,943 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $137,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,129,416 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,266,816 |
| Total Program Service Revenue | $355,052 |
| Investment income | $6,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36,489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,873 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,629,669 |
| 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. | $81,654 |
| Compensation of current officers, directors, key employees. | $16,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,945 |
| Pension plan accruals and contributions | $4,681 |
| Other employee benefits | $0 |
| Payroll taxes | $25,730 |
| Fees for services: Management | $3,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,671 |
| Office expenses | $18,073 |
| Information technology | $9,545 |
| Royalties | $0 |
| Occupancy | $85,697 |
| Travel | $16,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,210 |
| Interest | $14,339 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,391 |
| Insurance | $43,773 |
| All other expenses | $3,072 |
| Total functional expenses | $1,290,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,782 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $404,800 |
| Accounts receivable, net | $23,575 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,968 |
| Prepaid expenses and deferred charges | $2,804 |
| Net Land, buildings, and equipment | $6,089,865 |
| Investments—publicly traded securities | $115,258 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,099,052 |
| Accounts payable and accrued expenses | $48,271 |
| Grants payable | $0 |
| Deferred revenue | $67,189 |
| 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 | $86,848 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $202,308 |
| Net assets without donor restrictions | $5,992,469 |
| Net assets with donor restrictions | $904,275 |
| 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 | $7,099,052 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Mount Carmel Ministries has recieved totaling $741,922.
| Awarding Organization | Amount |
|---|---|
Sundet Foundation Bloomington, MN PURPOSE: CHARITABLE | $440,000 |
Good News Ministries Midland, TX PURPOSE: TO ASSIST AND SUPPORT THE SERVICES AND PROGRAMS OF THE FOUNDATION. | $150,000 |
Sundet Foundation Bloomington, MN PURPOSE: CHARITABLE | $110,000 |
Communitygiving St Cloud, MN PURPOSE: GEN/OPER SUPPORT | $15,250 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $11,363 |
First Lutheran Church Foundation Fargo, ND PURPOSE: NEW PONTOON MOTOR | $9,000 |
Endowment Analysis
| Beg. Balance | $109,593 |
| Earnings | $5,665 |
| Ending Balance | $115,258 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Venture Burnsville, MN | $4,889,777 | $6,516,603 |
Evangelical Lutheran Good Samaritan Foundation Sioux Falls, SD | $102,471,128 | $9,259,464 |
Christian Worship Hour Aberdeen, SD | $3,374,479 | $4,060,903 |
Luther Memorial Home Madelia, MN | $3,423,486 | $4,600,698 |
Barnabas International Elkhorn, WI | $2,407,026 | $3,476,922 |
Fargo Union Mission Inc Fargo, ND | $6,248,468 | $4,299,626 |