Pact Ministries
- Assets
- $447.1k
- Revenue
- $277.6k
- Investments
- $0.0
- Employees
- 15
- Location
- Mankato, MN
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 41-1785032
Organization Overview
Pact Ministries is located in Mankato, MN. The organization was established in 1995. 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, Pact Ministries employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pact 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 12/2021, Pact Ministries generated $277.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $230.7k during the year ending 12/2021. While expenses have increased by 2.8% 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
PROVIDE LOW COST CLOTHING AND HOUSEHOLD ITEMS FOR SALE TO PUBLIC. PROCEEDS FROM SALES AND DONATIONS USED TO PURCHASE FOOD TO BE DISTRUBITED TO THOSE IN NEED AT A NOMINAL COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A THRIFT STORE. THE STORE ACCEPTS DONATIONS OF USED CLOTHING FURNITURE AND HOUSEHOLD ITEMS FROM THE COMMUNITY AND SELLS THEM AT THE STORE. APROXIMATELY 30,000 PATRONS VISIT THE STORE. PROFITS ARE USED TO PURCHASE FOOD THAT IS DISTRIBUTED THROUGH FOOD FOR ALL PROGRAM. THE FOOD FOR ALL PROGRAM SERVES APPROXIMATELY 2,000 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Seppmann Secretary | OfficerTrustee | 1 | $0 |
Kathy Hauser Secretary | OfficerTrustee | 1 | $0 |
Marty Mitchell Chairman | OfficerTrustee | 1 | $0 |
Richard Krause Treasurer | OfficerTrustee | 1 | $0 |
Carl Wachter Trustee | Trustee | 1 | $0 |
Ruth Koestler Trustee | 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 | $38,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,443 |
| Total Program Service Revenue | $217,368 |
| Investment income | $504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,897 |
| 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 | $110,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $275 |
| Office expenses | $1,161 |
| Information technology | $225 |
| Royalties | $0 |
| Occupancy | $26,183 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $293 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,515 |
| Insurance | $8,538 |
| All other expenses | $269 |
| Total functional expenses | $230,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,792 |
| Savings and temporary cash investments | $11,605 |
| 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 | $327,422 |
| Investments—publicly traded securities | $7,328 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $447,147 |
| 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 | $4,098 |
| Total liabilities | $4,098 |
| Net assets without donor restrictions | $443,049 |
| 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 | $447,147 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pact Ministries has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
L & N Andreas Foundation Mankato, MN PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $10,000 |
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 |