Glorybound
- Assets
- $11.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Maple Grove, MN
- Founding
- 06/1999
- Data as of
- 03/2023
- EIN
- 41-1922206
Organization Overview
Glorybound is located in Maple Grove, MN. The organization was established in 1999. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glorybound 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 03/2023, Glorybound generated $66.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $58.4k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (20.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
FAMILY REBUILDING. WEEKLY SUPPORTING OF EMOTIONAL, AND SPIRITUAL NEEDS THROUGH MEETINGS, BIBLE STUDY, PRAYER AND SHARING OF FAITH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Thomas Executive Director | 20 | $0 | |
Sue Natysin Treasurer | 5 | $0 | |
Joe Lash Board Member | 2 | $0 | |
Joseph Blumer Chairman Of Board | 10 | $0 | |
Diane Baker Executive Assistant | 20 | $12,000 | |
Bob Mader Exec Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,674 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,674 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,953 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,181 |
| Printing, publications, postage, and shipping | $1,550 |
| Other expenses | $15,727 |
| Total expenses | $58,411 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,926 |
| Other assets | $0 |
| Total assets | $11,926 |
| Total liabilities | $0 |
| Net assets or fund balances | $11,926 |