Carpenter's Tools International Inc
- Assets
- $0.0
- Revenue
- $93.2k
- Investments
- $0.0
- Employees
- 16
- Location
- Willmar, MN
- Founding
- Data as of
- 09/2019
- EIN
- 41-1647797
Organization Overview
Carpenter's Tools International Inc, operating under the name Cti Music Ministries, is located in Willmar, MN. As of 09/2019, Cti Music Ministries employed 16 individuals. Cti Music 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 09/2019, Cti Music Ministries generated $93.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (33.0%) each year. All expenses for the organization totaled $9.9k during the year ending 09/2019. As we would expect to see with falling revenues, expenses have declined by (62.2%) per year over the past 4 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SPONSORS YOUTH GROUPS TO MINISTER THE GOSPEL OF JESUS CHRIST OVER THE ENTIRE WORLD, THROUGH CONTEMPORARY CHRISTIAN MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS YOUTH GROUPS TO MINISTER THE GOSPEL OF JESUS CHRIST OVER THE ENTIRE WORLD, THROUGH CONTEMPORARY CHRISTIAN MUSIC. IN THE YEAR ENDED SEPTEMBER 30, 2017, GROUPS PRESENTED CONCERTS IN THE COUNTRIES OF COLOMBIA, HONDURAS, AND HONG KONG.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Reed Executive Di | Officer | 40 | $54,279 |
Justin Schnichels Treasurer | OfficerTrustee | 1 | $0 |
Dottie Peterson Secretary | OfficerTrustee | 1 | $0 |
Gregory Anderson President | OfficerTrustee | 1 | $0 |
Joe Vanderark Director | Trustee | 1 | $0 |
Zach Rada Director | Trustee | 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 | $4,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,857 |
| 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 | $88,358 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,215 |
| 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 | $3,707 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38 |
| Payroll taxes | $281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $486 |
| Travel | $187 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,632 |
| Insurance | $580 |
| All other expenses | $0 |
| Total functional expenses | $9,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Carpenter's Tools International Inc has recieved totaling $24,725.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH & HUMAN SERVICES | $18,125 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $6,350 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $250 |
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