Ambassadors For Business
- Assets
- $200.7k
- Revenue
- $436.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Chaska, MN
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-4501703
Organization Overview
Ambassadors For Business is located in Chaska, MN. The organization was established in 2017. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Ambassadors For Business employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ambassadors For Business 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 12/2021, Ambassadors For Business generated $436.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 60.4% each year . All expenses for the organization totaled $181.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO PROVIDE LEADERSHIP, PERSONAL GROWTH EXPERIENCES, AND OPPORTUNITIES FOR NETWORKING TO ITS MEMBERS AND THE CHRISTIAN BUSINESS COMMUNITY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED MONTHLY MEETING AND EDUCATION WORKSHOPS FOR ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Willbanks Director | Trustee | 25 | $2,411 |
Mina Carlson President | Officer | 4 | $0 |
Stephen Crawford Director | Trustee | $0 | |
Christopher Fleck Director | Trustee | $0 | |
Matthew Johnson Secretary | Trustee | $0 | |
Jay Allsup Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,804 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,110 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $170,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $436,667 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,586 |
| Fees for services: Accounting | $4,957 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $618 |
| Advertising and promotion | $5,315 |
| Office expenses | $4,105 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,830 |
| Interest | $4,099 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,400 |
| Insurance | $9,119 |
| All other expenses | $4,255 |
| Total functional expenses | $181,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,522 |
| Savings and temporary cash investments | $0 |
| 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 | $110,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,588 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $24,600 |
| Other assets | $0 |
| Total assets | $200,710 |
| Accounts payable and accrued expenses | $1,619 |
| 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 | $78,328 |
| Total liabilities | $79,947 |
| Net assets without donor restrictions | $120,763 |
| 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 | $200,710 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ambassadors For Business has recieved totaling $9,522.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $6,500 |
Larson Foundation Bonita Springs, FL PURPOSE: GENERAL SUPPORT | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Hutterian Brethren Churches Inc Aberdeen, SD | $14,512,217 | $27,857,692 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |
Training Leaders International Minneapolis, MN | $2,737,195 | $5,107,369 |
Vcy America Inc Milwaukee, WI | $9,863,404 | $4,388,148 |
Thrivent Financial for Lutherans Foundation Minneapolis, MN | $0 | $8,333,726 |
International Fellowship Of Evangelical Students Usa Inc Madison, WI | $6,456,796 | $6,176,291 |
Wisconsin Evangelical Lutheran Synod Kingdom Workers Inc Waukesha, WI | $3,918,278 | $4,689,109 |
Lutheran Assoc Of Missionaries And Pilots U S Inc Brookfield, WI | $3,097,954 | $2,815,671 |
Presbyterian Student Center Foundation Madison, WI | $14,924,897 | $2,498,602 |
Lutheran Brethren Woodland Lodge Inc Fergus Falls, MN | $3,043,872 | $1,494,856 |