China Services Ventures
- Assets
- $329.0k
- Revenue
- $223.9k
- Investments
- $42.5k
- Employees
- 4
- Location
- Arden Hills, MN
- Founding
- 05/2001
- Data as of
- 03/2022
- EIN
- 41-1991293
Organization Overview
China Services Ventures is located in Arden Hills, MN. The organization was established in 2001. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 03/2022, China Services Ventures employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. China Services Ventures 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 03/2022, China Services Ventures generated $223.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $342.7k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE WORK TO PROVIDE A BRIGHT FUTURE FOR STAY BEHIND CHILDREN IN HENAN CHINA THROUGH INNOVATIVE EDUCATIONAL PROGRAMING AND COOPERATIVE PARTNERSHIPS. IN CHINA WE PROVIDE FINANCIAL AID AND INNOVATIVE EDUCATION. WE TRAIN AND EQUIP TEACHERS AND SCHOOL ADMINISTRATORS. WE FACILITATE FACULTY AND STUDENT EXCHANGES. WE PROVIDE CROSS-CULTURAL OPPORTUNITIES IN CHINA AND ABROAD TO HELP BROADEN A STUDENT'S WORLD PERSPECTIVE. WE WORK IN PARTNERSHIP WITH PROVINCIAL COUNTRY AND LOCAL GOVERNMENTS AND EDUCATION AUTHORITIES AND COMMUNITY LEADERS TO PROVIDE THE BEST POSSIBLE LEARNING ENVIRONMENTS EDUCATIONAL MATERIALS AND EDUCATIONAL PROGRAMMING TO INSPIRE STAY BEHIND CHILDREN TO A BETTER LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WORK TO PROVIDE A BRIGHT FUTURE FOR STAY BEHIND CHILDREN IN HENAN CHINA THROUGH INNOVATIVE EDUCATIONAL PROGRAMING AND COOPERATIVE PARTNERSHIPS. IN CHINA WE PROVIDE FINANCIAL AID AND INNOVATIVE EDUCATION. WE TRAIN AND EQUIP TEACHERS AND SCHOOL ADMINISTRATORS. WE FACILITATE FACULTY AND STUDENT EXCHANGES. WE PROVIDE CROSS-CULTURAL OPPORTUNITIES IN CHINA AND ABROAD TO HELP BROADEN A STUDENT'S WORLD PERSPECTIVE. WE WORK IN PARTNERSHIP WITH PROVINCIAL COUNTRY AND LOCAL GOVERNMENTS AND EDUCATION AUTHORITIES AND COMMUNITY LEADERS TO PROVIDE THE BEST POSSIBLE LEARNING ENVIRONMENTS EDUCATIONAL MATERIALS AND EDUCATIONAL PROGRAMMING TO INSPIRE STAY BEHIND CHILDREN TO A BETTER LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Nellermoe Executive Director | Officer | 40 | $40,000 |
Sonja Hinderlie President | OfficerTrustee | 5 | $0 |
Tom Stertz Vice President | OfficerTrustee | 5 | $0 |
Kari Jovaag Treasurer | OfficerTrustee | 5 | $0 |
John Peterson Secretary | OfficerTrustee | 5 | $0 |
Charlotte Martinson Gronseth Director | Trustee | 5 | $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 | $222,448 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,448 |
| Total Program Service Revenue | $0 |
| Investment income | $1,473 |
| 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 | $223,921 |
| 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 | $14,105 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation of current officers, directors, key employees. | $9,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,311 |
| Pension plan accruals and contributions | $5,304 |
| Other employee benefits | $935 |
| Payroll taxes | $8,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,590 |
| Fees for services: Accounting | $1,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,195 |
| Advertising and promotion | $4,192 |
| Office expenses | $15,108 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,784 |
| Travel | $30,506 |
| 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 | $19,668 |
| Insurance | $569 |
| All other expenses | $0 |
| Total functional expenses | $342,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$197 |
| 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 | $42,520 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,869 |
| Total assets | $329,046 |
| Accounts payable and accrued expenses | $27,620 |
| 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 | $27,620 |
| Net assets without donor restrictions | $211,646 |
| Net assets with donor restrictions | $89,780 |
| 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 | $329,046 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that China Services Ventures has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
William And Joanne Moeller Foundation Scottsdale, AZ PURPOSE: GENERAL SUPPORT | $7,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Hutterian Brethren Churches Inc Aberdeen, SD | $14,512,217 | $27,857,692 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International Messengers Clear Lake, IA | $5,781,763 | $6,946,691 |
American Lutheran Church Elk Horn, IA | $6,340,352 | $5,973,020 |
Training Leaders International Minneapolis, MN | $2,737,195 | $5,107,369 |
Vcy America Inc Milwaukee, WI | $9,863,404 | $4,388,148 |
Thrivent Financial for Lutherans Foundation Minneapolis, MN | $0 | $8,333,726 |
International Fellowship Of Evangelical Students Usa Inc Madison, WI | $6,456,796 | $6,176,291 |
Wisconsin Evangelical Lutheran Synod Kingdom Workers Inc Waukesha, WI | $3,918,278 | $4,689,109 |
Lutheran Assoc Of Missionaries And Pilots U S Inc Brookfield, WI | $3,097,954 | $2,815,671 |
Presbyterian Student Center Foundation Madison, WI | $14,924,897 | $2,498,602 |
Lutheran Brethren Woodland Lodge Inc Fergus Falls, MN | $3,043,872 | $1,494,856 |