Pacem In Terris
- Assets
- $4.5m
- Revenue
- $1.5m
- Investments
- $53.9k
- Employees
- 14
- Location
- Isanti, MN
- Founding
- 10/1984
- Data as of
- 12/2021
- EIN
- 36-3311957
Organization Overview
Pacem In Terris is located in Isanti, MN. The organization was established in 1984. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Pacem In Terris employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacem In Terris 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, Pacem In Terris generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $788.9k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A HERMITAGE SANCTURARY AND A RESPONSE TO GOD'S CALL TO -CREATE AN ENVIRONMENT WHERE MY PEOPLE CAN COME AND BE ALONE WITH ME." BELIEVING THAT PEACE COMES FROM GOD, AND FLOWS THROUGH THE HUMAN HEART, PACEM IN TERRIS SEEKS TO BE A CHANNEL OF GOD'S PEACE IN THE LIVES OF HIS PEOPLE AND, THEREFORE, THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACEM IN TERRIS IS A HERMITAGE SANCTUARY AND IS A RESPONSE TO GOD'S CALL TO -CREATE AN ENVIRONMENT WHERE MY PEAPLE CAN COME AND BE ALONE WITH ME." BELIEVING THAT PEACE COMES FROM GOD, AND FLOWS THROUGH THE HUMAN HEART, PACEM IN TERRIS SEEKS TO BE A CHANNEL OF GOD'S PEACE IN THE LIVES OF HIS PEOPLE AND, THEREFORE, THE WORLD. THE PROGRAM SERVICE INCLUDES PROVIDING ACCOMODATIONS, FOOD AND SPIRITUAL SUPPORT TO GUESTS. PACEM IN TERRIS HOSTED 2,706 OVERNIGHT STAYS FOR 1,007 GUESTS DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Drake Executive Di | Officer | 40 | $87,740 |
Dan Jaeger Chair | OfficerTrustee | 20 | $0 |
Aimee Bates Vice Chair | OfficerTrustee | 10 | $0 |
Julie Carnahan Secretary/tr | OfficerTrustee | 15 | $0 |
Barbara Koch Director | Trustee | 2 | $0 |
Kim Lee Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,257 |
| All other contributions, gifts, grants, and similar amounts not included above | $573,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $649,863 |
| Total Program Service Revenue | $272,525 |
| Investment income | $20,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $170 |
| Net Rental Income | $17,500 |
| Net Gain/Loss on Asset Sales | $437,183 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,514,744 |
| 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. | $87,740 |
| Compensation of current officers, directors, key employees. | $17,548 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $283,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,049 |
| Payroll taxes | $28,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,820 |
| Office expenses | $20,600 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,367 |
| Insurance | $27,983 |
| All other expenses | $26,398 |
| Total functional expenses | $788,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $671,800 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $233,500 |
| 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 | $16,211 |
| Prepaid expenses and deferred charges | $41,813 |
| Net Land, buildings, and equipment | $1,879,291 |
| Investments—publicly traded securities | $1,583,872 |
| Investments—other securities | $53,854 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,480,341 |
| Accounts payable and accrued expenses | $27,158 |
| Grants payable | $0 |
| Deferred revenue | $72,100 |
| 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 | $0 |
| Total liabilities | $99,258 |
| Net assets without donor restrictions | $4,327,229 |
| Net assets with donor restrictions | $53,854 |
| 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 | $4,480,341 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Pacem In Terris has recieved totaling $52,035.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $20,704 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $15,200 |
Ghr Foundation Minneapolis, MN PURPOSE: GENERAL OPERATIONS | $10,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $131 |
Endowment Analysis
| Beg. Balance | $47,980 |
| Earnings | $7,511 |
| Admin Expense | $337 |
| Grants | $1,300 |
| Ending Balance | $53,854 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home And Away Ministries North Branch, MN | $25,723,249 | $42,419,971 |
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Venture Burnsville, MN | $4,889,777 | $6,516,603 |
Evangelical Lutheran Good Samaritan Foundation Sioux Falls, SD | $102,471,128 | $9,259,464 |
Christian Worship Hour Aberdeen, SD | $3,374,479 | $4,060,903 |
Luther Memorial Home Madelia, MN | $3,423,486 | $4,600,698 |
Barnabas International Elkhorn, WI | $2,407,026 | $3,476,922 |