Steer Inc
- Assets
- $6.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Bismarck, ND
- Founding
- 09/1962
- Data as of
- 06/2022
- EIN
- 45-0262160
Organization Overview
Steer Inc is located in Bismarck, ND. The organization was established in 1962. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Steer Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steer Inc 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 06/2022, Steer Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Steer Inc has awarded 463 individual grants totaling $10,577,640. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CENTERED ON THE LORD JESUS CHRIST, THE MISSION OF STEER, INC. SHALL BE TO ADVANCE THE WORK OF THE LORD JESUS CHRIST ON EARTH BY PROVIDING FINANCIAL SUPPORT FOR MEMBER MISSION SOCIETIES TO TAKE THE GOSPEL TO ALL NATIONS OF THE WORLD BEFORE THE COMING OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
3 WAY STEWARDSHIP PROGRAM AS FOLLOWS: 1) DONORS GIVE $700 UNITS TO MULTIPLY FINANCIAL SUPPORT ON AN ANNUAL BASIS FOR AN AVERAGE GAIN OF 50%. THE DONOR BECOMES A PARTNER WITH A FARMER WHO RAISES THESE UNITS FOR THE SUPPORT OF A MEMBER MISSION AGENCY OF STEER. 2) FARMER/RANCHER SIGN UP AND ARE GIVEN UNIT FUNDS TO PURCHASE THE LIVESTOCK OF THEIR CHOICE OR TO HELP PLANT AND HARVEST THE CROP OF THEIR CHOICE CALLED "GOD'S ACRES". FARMER/RANCHERS WHO WORK WITH THESE DEDICATED UNITS CAN DESIGNATE THE PROFIT TO A MISSIONARY OF THEIR CHOICE PROVIDED THE MISSION IS A MEMBER OF STEER. FARMER/RANCHERS BECOME PARTNERS WITH THE DONORS WHO HAVE GIVEN THESE DEDICATED $700 UNITS. 3)MEMBER MISSION AGENCIES MAKE APPLICATION AND ONCE APPROVED WORK TOGETHER WITH STEER TO RECEIVE LONG-TERM FINANCIAL SUPPORT WHICH ENABLES THEM TO KEEP PROCLAIMING THE GOSPEL OF JESUS CHRIST TO ALL NATIONS OF THE WORLD. FOR THESE MISSION AGENCIES AND THEIR MISSIONARIES, THE STEER PROGRAM BECOMES A MARVELOUS METHOD OF RECEIVING PRAYER AND FINANCIAL SUPPORT DEMONSTRATING A TEAM SPIRIT IN WORKING TOGETHER THROUGHOUT THE BODY OF CHRIST JESUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Kost Executive Director/ceo | Officer | 40 | $102,595 |
Kathleen Jorgenson Term 123121 Controller | Officer | 40 | $64,121 |
Karn Lamon Eff 102821 Controller | Officer | 40 | $9,029 |
Wayne Brostrom Director (chair) | OfficerTrustee | 1 | $0 |
Bruce Schauer Director (treasurer) | OfficerTrustee | 1 | $0 |
Bruce Brunner Director (vice Chair) | OfficerTrustee | 1 | $0 |
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 | $528,023 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $528,023 |
| Total Program Service Revenue | $116,289 |
| Investment income | $108,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,452 |
| Net Income from Fundraising Events | $9,160 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,225,583 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,967,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,147,446 |
| 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. | $126,364 |
| Compensation of current officers, directors, key employees. | $46,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,320 |
| Pension plan accruals and contributions | $13,412 |
| Other employee benefits | $42,175 |
| Payroll taxes | $27,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,636 |
| Office expenses | $27,011 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,864 |
| Travel | $2,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,430 |
| Insurance | $23,445 |
| All other expenses | $165 |
| Total functional expenses | $1,761,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,153 |
| Savings and temporary cash investments | $1,733,113 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $12,237 |
| Net Land, buildings, and equipment | $72,933 |
| Investments—publicly traded securities | $2,780,249 |
| Investments—other securities | $0 |
| Investments—program-related | $1,321,511 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,400,196 |
| Accounts payable and accrued expenses | $27,170 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,170 |
| Net assets without donor restrictions | $5,580,209 |
| Net assets with donor restrictions | $792,817 |
| 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 | $6,400,196 |
Grants Awarded
Over the last fiscal year, Steer Inc has awarded $1,060,955 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: MISSIONARY SERVICES | $100,947 |
Roseville, CA PURPOSE: MISSIONARY SERVICES | $98,319 |
Kansas City, MO PURPOSE: MISSIONARY SERVICES | $79,773 |
Escondido, CA PURPOSE: MISSIONARY SERVICES | $61,561 |
Meeteetse, WY PURPOSE: MISSIONARY SERVICES | $55,497 |
Warrenton, MO PURPOSE: MISSIONARY SERVICES | $49,154 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Steer Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $1,000 |
Endowment Analysis
| Beg. Balance | $2,734,564 |
| Earnings | -$237,147 |
| Net Contributions | $59,866 |
| Ending Balance | $2,557,283 |
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 |
St Vincent Healthcare Foundation Billings, MT | $88,857,513 | $8,266,509 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Youth With A Mission Of Montana A Corporation Lakeside, MT | $4,211,244 | $6,186,840 |
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 |
Refuge Foundation Billings, MT | $2,509,784 | $3,571,632 |
Fargo Union Mission Inc Fargo, ND | $6,248,468 | $4,299,626 |