Echo Ministries Inc
- Assets
- $956.0k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- St Paul, MN
- Founding
- 10/2005
- Data as of
- 12/2023
- EIN
- 73-1690438
Organization Overview
Echo Ministries Inc is located in St Paul, MN. The organization was established in 2005. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Echo Ministries Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Echo Ministries 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 12/2023, Echo Ministries Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 13.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ECHO MINISTRIES IS A NON-PROFIT CHRISTIAN ORGANIZATION, WHO PURPOSE IS TO BRING PEOPLE CLOSER TO JESUS THROUGH CONCERTS AND EVENTS IN CHURCHES AND COMMUNITIES NATIONWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GOD-GLORIFYING CHRISTIAN CONCERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Best Executive Director | OfficerTrustee | 40 | $126,500 |
Andrew Vick Treasurer | Trustee | 5 | $0 |
Andy Jolivette President | Trustee | 2 | $0 |
Terry Fasching Secretary | Trustee | 2 | $0 |
Todd Mulliken Board Member | Trustee | 2 | $0 |
Mara Amiot Board Member | Trustee | 2 | $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 | $6,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,209 |
| Total Program Service Revenue | $1,704,097 |
| Investment income | $17,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,727,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $126,500 |
| Compensation of current officers, directors, key employees. | $29,095 |
| Compensation to disqualified persons | $92,344 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,438 |
| Payroll taxes | $18,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $199,755 |
| Office expenses | $16,908 |
| Information technology | $0 |
| Royalties | $10,622 |
| Occupancy | $5,978 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,557 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $625 |
| Insurance | $31,900 |
| All other expenses | $131,882 |
| Total functional expenses | $1,846,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $901,712 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,095 |
| 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 | $37,295 |
| Net Land, buildings, and equipment | $859 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $955,961 |
| Accounts payable and accrued expenses | $9,455 |
| Grants payable | $0 |
| Deferred revenue | $79,340 |
| 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 | $274,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,417 |
| Total liabilities | $427,012 |
| Net assets without donor restrictions | $528,949 |
| Net assets with donor restrictions | $0 |
| 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 | $955,961 |