China Services Ventures
- Assets
- $264.9k
- Revenue
- $208.0k
- Investments
- $40.6k
- Employees
- 4
- Location
- Arden Hills, MN
- Founding
- 05/2001
- Data as of
- 03/2023
- 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 03/2023, 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 03/2023, China Services Ventures generated $208.0k 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 (11.8%) each year. All expenses for the organization totaled $253.8k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (13.3%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIGHT 2 PATH IS AN ENGLISH LANGUAGE LEARNING PROJECT THAT LINKS TRAINED ENGLISH AS A SECOND LANGUAGE INSTRUCTORS WITH THE CHILDREN OF CHINESE PASTORS WHO LIVE IN MAINLAND CHINA AND HOME-SCHOOL THEIR CHILDREN. L2P ALSO PROVIDES LIVE INSTRUCTION AND SUPPORT TO ENGLISH LEARNERS IN CHINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Nellermoe Executive Director | Officer | 40 | $40,000 |
Sonja Hinderlie President | OfficerTrustee | 5 | $0 |
Tom Stertz Vice President | OfficerTrustee | 5 | $0 |
Bill Nichols Treasurer | OfficerTrustee | 5 | $0 |
John Peterson Secretary | OfficerTrustee | 5 | $0 |
Loren Teig Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,936 |
| Total Program Service Revenue | $0 |
| Investment income | $1,055 |
| 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 | $207,991 |
| 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 | $32,713 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation of current officers, directors, key employees. | $8,000 |
| Compensation to disqualified persons | $66,395 |
| Other salaries and wages | $12,000 |
| Pension plan accruals and contributions | $5,320 |
| Other employee benefits | $0 |
| Payroll taxes | $8,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,373 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,303 |
| Advertising and promotion | $1,730 |
| Office expenses | $3,723 |
| Information technology | $2,894 |
| Royalties | $0 |
| Occupancy | $234 |
| Travel | $32,631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $351 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,306 |
| Total functional expenses | $253,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,212 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27 |
| 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 | $40,646 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $264,885 |
| Accounts payable and accrued expenses | $9,248 |
| 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 | $9,248 |
| Net assets without donor restrictions | $165,857 |
| 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 | $264,885 |