Maranatha Ministries Foundation
- Assets
- $6.1m
- Revenue
- $867.5k
- Investments
- $6.1m
- Employees
- 0
- Location
- Vadnais Heights, MN
- Founding
- 09/1987
- Data as of
- 12/2021
- EIN
- 41-1586022
Organization Overview
Maranatha Ministries Foundation is located in Vadnais Heights, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maranatha Ministries Foundation 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, Maranatha Ministries Foundation generated $867.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $377.6k during the year ending 12/2021. While expenses have increased by 2.9% 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.
Since 2015, Maranatha Ministries Foundation has awarded 42 individual grants totaling $1,510,425. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry S Petersen Past President | 5 | $0 | |
Harv Hendrickson Vice Presdient | 1 | $0 | |
Luann M Adams Secretary | 1 | $0 | |
Roger Adams Past President | 1 | $0 | |
Scott Schneidermann Treasurer | 1 | $0 | |
Robert Georges President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,545 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $767,963 |
| Capital Gain Net Income | $767,963 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $867,508 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,602 |
| Depreciation | $0 |
| Occupancy | $2,400 |
| Travel, conferences, and meetings | $223 |
| Printing and publications | $0 |
| Other expenses | $1,363 |
| Total operating and administrative expenses | $76,815 |
| Contributions, gifts, grants paid | $300,800 |
| Total expenses and disbursements | $377,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,925 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,118,713 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,128,638 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Maranatha Ministries Foundation has awarded $300,800 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BETHANY CHRISTIAN ASSEMBLY PURPOSE: PASTORAL TRAINING AND RELIEF FUNDS | $181,500 |
Seattle, WA PURPOSE: OPERATIONS | $30,000 |
INDIE ADOPTIE PLAN PURPOSE: OPERATIONS | $30,000 |
REACH ALL NATIONSINC- INDIA RELIEF PURPOSE: OPERATIONS | $17,500 |
Marianna, FL PURPOSE: PASTORAL TRAINING | $14,000 |
Green Valley, AZ PURPOSE: ASSISTANCE IN CHURCH BUILDING COMPLETION | $10,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home And Away Ministries North Branch, MN | $25,723,249 | $42,419,971 |
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 |