Tre Ministries
- Assets
- $1.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Sioux Falls, SD
- Founding
- 11/2018
- Data as of
- 12/2023
- EIN
- 83-1551427
Organization Overview
Tre Ministries is located in Sioux Falls, SD. The organization was established in 2018. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Tre Ministries employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tre Ministries 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, Tre Ministries generated $2.0m in total revenue. All expenses for the organization totaled $671.0k during the year ending 12/2023. While expenses have increased by 100.5% per year over the past 6 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
TO ENRICH YOUTH LIFE WITH FAITH TRE MINISTRIES CREATES A PLACE FOR COLLEGE STUDENTS AND YOUNG ADULT S TO GATHER AND EXPERIENCE CHRIST THROUGH LEADERSHIP AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GATHERING SPACE FOR YOUNG ADULTS TO EXPERIENCE CHRIST
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 |
|---|---|---|---|
Sandy Berven President | Trustee | 50 | $65,000 |
Doug Berven Treasurer/vp | Officer | 5 | $0 |
Mary Schultz Secretary | Officer | 5 | $0 |
Ross Wickman Board Member | Officer | 1 | $0 |
Becky Blue Board Member | Officer | 1 | $0 |
Tim Hughes Board Member | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,016,774 |
| Investment income | $4,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,900 |
| 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 | -$498 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,040,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,100 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $306,465 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,219 |
| Payroll taxes | $28,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,384 |
| Fees for services: Accounting | $9,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $931 |
| Advertising and promotion | $27,839 |
| Office expenses | $2,583 |
| Information technology | $3,022 |
| Royalties | $0 |
| Occupancy | $84,336 |
| Travel | $30,934 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,923 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,297 |
| Insurance | $10,359 |
| All other expenses | $3,615 |
| Total functional expenses | $671,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,850 |
| Savings and temporary cash investments | $134,000 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,773 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,252,260 |
| Total assets | $1,512,883 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,693 |
| Total liabilities | $7,693 |
| Net assets without donor restrictions | $0 |
| 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 | $1,505,190 |
| Total liabilities and net assets/fund balances | $1,512,883 |