Petra Petros Inc
- Assets
- $0.0
- Revenue
- $994.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Peter, MN
- Founding
- 09/2014
- Data as of
- 12/2019
- EIN
- 46-5559648
Organization Overview
Petra Petros Inc is located in Saint Peter, MN. The organization was established in 2014. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. Petra Petros 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 12/2019, Petra Petros Inc generated $994.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (58.7%) each year. All expenses for the organization totaled $185.9k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED THE FOLLOWING FUNCTIONS TO TEACH AND PREACH THE GOSPEL, PROVIDE SPIRITUAL COUNSELING, CREATE A POSITIVE INFLUENCE IN THE COMMUNITY FOR YOUTH AND INDIVIDUALS IN NEED: CONDUCTED A WEEKLY STUDY OF MINISTRY CLASS WITH AN ENROLLMENT OF 18 PARTICIPANTS. CONDUCTED VARIOUS HEALTH SUPPORT GROUP MEETINGS AS A POSITIVE INFLUENCE ON THE PARTICIPANTS, DURING THE YEAR, BENEFITTING 680 INDIVIDUALS. THE ABOVE FUNCTIONS WERE OPERATED FOR NO FEE OR COST REIMBURSEMENT.
PROVIDED A LOCATION FOR ST PETER AREA FOOD SHELF, FOR NO RENT, TO ASSIST IN PROVIDING FOOD TO NEEDY CITIZENS IN THE LOCAL AREA; BENEFITTING 4,940 INDIVIDUALS. PROVIDED A LOCATION FOR THE SCHOOL CHILDREN WEEKEND BACK PACK PROGRAM OF THE ST PETER AREA FOOD SHELF, FOR NO RENT, TO ASSIST IN PROVIDING FOOD TO NEEDY SCHOOL CHILDREN DURING THE SCHOOL YEAR; BENEFITTING 3,340 CHILDREN IN THE LOCAL AREA.PROVIDED A LOCATION FOR ST PETER COMMUNITY FREE CLINIC, WHICH OPENED MAY 16, 202O, PROVIDING BASIC PRIMARY HEALTH CARE TO UNINSURED PATIENTS, WITH ANNUAL INCOME BELOW 250% FEDERAL POVERTY LEVEL AND LIVE IN THE GENERAL ST PETER MN AREA. SEVENTY-FIVE PATIENTS, WITH ONE HUNDRED AND FIVE VISITS, WERE SERVED IN 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Soderlund Jr President | 0 | $0 | |
Beth Soderlund Vice President | 0 | $0 | |
Ed Byron Treasurer | 0 | $0 | |
Gale Cook Director | 0 | $0 | |
Nancy Harmon Director | 0 | $0 | |
David Andros Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $994 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $994 |
| 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 | $8,896 |
| Occupancy | $25,900 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $470 |
| Total operating and administrative expenses | $35,388 |
| Contributions, gifts, grants paid | $150,503 |
| Total expenses and disbursements | $185,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Petra Petros Inc has awarded $150,503 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RIVER OF LIFE LUTHERAN CHURCH PURPOSE: TO TEACH AND PREACH THE GOSPEL THROUGH SPEAKING ENGAGEMENTS AT RELIGIOUS VENUES, PROVIDE PRACTICAL SUPPORT TO THE COMMUNITY, CREATE A POSITIVE INFLUENCE IN THE LIVES OF YOUTH AND ENCOURAGE THEM TO CONTRIBUTE AND BE A POSITIVE MEMBER OF SOCIETY, OFFER FINANCIAL ASSISTANCE TO PEOPLE IN NEED FOR VARIOUS LIFE ESSENTIALS, AID AND SUPPORT MISSION ACTIVITIES, PRODUCE AND DISTRIBUTE CHRISTIAN LITERATURE, CONDUCT EVANGELISTIC ACTIVITIES, OFFER SUPPORT OF TEMPORARY HOUSING FOR CHILDREN IN NEED, OFFER BIBLE BASED CLASSES, PROVIDE SPIRITUAL COUNSELING TO ENGAGE IN ACTIVITIES WHICH ARE NECESSARY, SUITABLE OR CONVENIENT FOR THE ACCOMPLISHMENT OF THAT PURPOSE, OR WHICH ARE INCIDENTAL THERETO OR CONNECTED THEREWITH WHICH ARE CONSISTENT WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. | $81,527 |
RIVER OF LIFE LUTHERAN CHURCH PURPOSE: SAME AS ABOVE | $68,976 |
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|---|---|---|
Bethany Lutheran Homes Inc La Crosse, WI | $102,810,906 | $37,603,425 |
St Paul Elder Services Inc Kaukauna, WI | $41,952,287 | $25,919,489 |
Benedictine Health Center Minneapolis, MN | $49,837,016 | $24,199,647 |
Veap Inc Bloomington, MN | $8,119,973 | $16,891,199 |
Good Neighbor Society Manchester, IA | $17,383,047 | $14,618,459 |
Lutheran Sunset Home Grafton, ND | $9,702,843 | $11,539,567 |
Holy Spirit Retirement Home Inc Sioux City, IA | $7,907,297 | $9,080,099 |
Brahmananda Saraswati Yagya Foundation Fairfield, IA | $15,294,355 | $10,246,793 |
St Francis Home Breckenridge, MN | $31,134,827 | $7,139,521 |
Maryhill Manor Inc Niagara, WI | $3,813,579 | $4,581,573 |
Faith Lutheran Home Osage, IA | $4,614,532 | $5,533,666 |
Divine Providence Community Home Sleepy Eye, MN | $3,627,339 | $4,817,279 |