Grow2serve Inc
- Assets
- $51.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Apple Valley, MN
- Founding
- 10/2017
- Data as of
- 06/2022
- EIN
- 82-0658843
Organization Overview
Grow2serve Inc is located in Apple Valley, MN. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grow2serve 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, Grow2serve Inc generated $137.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $128.0k during the year ending 06/2022. While expenses have increased by 7.1% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
GOD HAS ENTRUSTED GROW2SERVE TO BRING TIMELY AND ACCESSIBLE LEARNING TO GROW MISSIONARIES MINISTERS AND CHURCHES IN KNOWLEDGE BELIEFS AND SKILLS TO LEARN AND TEACH BETTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Morgenstern President | 60 | $76,030 | |
John Peters Treasurer | 2 | $0 | |
Federick Mackey Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,468 |
| Total Program Service Revenue | $37,134 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $137,602 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $99,686 |
| Professional fees and other payments to independent contractors | $3,022 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $863 |
| Other expenses | $23,123 |
| Total expenses | $128,039 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,293 |
| Other assets | $0 |
| Total assets | $51,293 |
| Total liabilities | $0 |
| Net assets or fund balances | $51,293 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Cancer Research Fund Minneapolis, MN | $16,189,103 | $22,272,354 |
Dakota Medical Charities Fargo, ND | $81,107,368 | $3,853,049 |
Holl Trust B Presbyterian Home Milwaukee, WI | $34,163,292 | $4,097,383 |
Impact Foundation Fargo, ND | $5,033,144 | $2,597,194 |
Venn Foundation Saint Paul, MN | $9,147,471 | $5,256,228 |
Givemn Minneapolis, MN | $1,195,446 | $1,190,324 |
Northwoods Interfaith Volunteer Caregivers Program Bemidji, MN | $21,563 | $852,324 |
Wisconsin Philanthropy Network Inc Milwaukee, WI | $894,082 | $720,344 |
Faegre Baker Daniels Foundation Minneapolis, MN | $786,187 | $1,305,193 |
Rebuilding Together Greater Des Des Moines, IA | $108,508 | $525,974 |
Garden Gate Ranch Inc Indianola, IA | $724,390 | $753,347 |
Badgers United Inc Middleton, WI | $314,742 | $561,354 |