Maranatha Ministries Foundation
- Assets
- $5.1m
- Revenue
- $116.8k
- Investments
- $4.3m
- Employees
- 0
- Location
- Coon Rapids, MN
- Founding
- 09/1987
- Data as of
- 12/2023
- EIN
- 41-1586022
Organization Overview
Maranatha Ministries Foundation is located in Coon Rapids, 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 12/2023, Maranatha Ministries Foundation generated $116.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $391.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Maranatha Ministries Foundation has awarded 64 individual grants totaling $2,073,535. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Georges President | 3 | $0 | |
Harv Hendrickson Vice President | 1 | $0 | |
Larry S Petersen Treasurer | 1 | $0 | |
Luann M Adams Secretary | 1 | $0 | |
Scott Schneidermann Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $132 |
| Dividends & Interest | $99,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,964 |
| Capital Gain Net Income | $16,964 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,436 |
| Printing and publications | $0 |
| Other expenses | $1,417 |
| Total operating and administrative expenses | $75,454 |
| Contributions, gifts, grants paid | $315,750 |
| Total expenses and disbursements | $391,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $820,302 |
| 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 | $340,865 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,132,609 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $20,000 |
| 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 | $20,000 |
Grants Awarded
Over the last fiscal year, Maranatha Ministries Foundation has awarded $295,750 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL GENEROSITY FOUNDATION PURPOSE: LEADERSHIP TRAINING IN BANGLADESH | $20,000 |
VISIONSYNERGY PURPOSE: GENERAL OPERATIONS | $5,000 |
VISIONSYNERGY PURPOSE: COLLABORATION TRAINING | $54,000 |
INTERNATIONAL GENEROSITY FOUNDATION PURPOSE: RENOVATION OF BUILDING USED FOR TRAINING | $20,000 |
INTERNATIONAL GENEROSITY FOUNDATION PURPOSE: BICYCLES, MOTORBIKES, AND LITERATURE FOR COMMUNITY LEADERS | $13,000 |
NICODEMUS TRUST PURPOSE: BUILDING FOR LEADESHIP TRAINING CENTER | $25,000 |