Salt Of The Earth
- Assets
- $3.6m
- Revenue
- $529.2k
- Investments
- $3.5m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 07/1995
- Data as of
- 09/2023
- EIN
- 46-0434804
Organization Overview
Salt Of The Earth is located in Sioux Falls, SD. The organization was established in 1995. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt Of The Earth 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 09/2023, Salt Of The Earth generated $529.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $390.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Salt Of The Earth has awarded 54 individual grants totaling $1,329,400. 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 |
|---|---|---|---|
Lorrie Schwan-Okerlund President/di | 2 | $0 | |
Molly Okerlund Vice Pres/di | 1 | $0 | |
Elizabeth Rezek Secretary/di | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $316 |
| Dividends & Interest | $103,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $425,108 |
| Capital Gain Net Income | $425,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $529,205 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,082 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $188 |
| Total operating and administrative expenses | $34,984 |
| Contributions, gifts, grants paid | $355,000 |
| Total expenses and disbursements | $389,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626 |
| Savings and temporary cash investments | $97,060 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,627,404 |
| 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, Salt Of The Earth has awarded $355,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMAZING FACTS PURPOSE: CHRISTIAN EDUCATION | $15,000 |
AMAZING DISCOVERIES PURPOSE: CHRISTIAN EDUCATION | $5,000 |
CHRISTIAN SOLIDARITY INTERNATIONAL PURPOSE: CHRISTIAN SLAVE RELEASE PROGRAM IN A | $30,000 |
HILLSDALE COLLEGE PURPOSE: K-12 EDUCATION | $25,000 |
HILLSDALE COLLEGE PURPOSE: COLLEGE FUND | $25,000 |
NATIONS (CRU) PURPOSE: GRANT TO HELP NATIVE AMERICAN COLLEG | $5,000 |