Grow2serve Inc
- Assets
- $36.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Apple Valley, MN
- Founding
- 10/2017
- Data as of
- 06/2023
- EIN
- 82-0658843
Organization Overview
Grow2serve Inc is located in Apple Valley, MN. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grow2serve Inc 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 06/2023, Grow2serve Inc generated $111.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $125.6k during the year ending 06/2023. While expenses have increased by 5.3% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
GOD HAS ENTRUSTED GROW2SERVE TO BRING TIMELY AND ACCESSIBLE LEARNING TO GROW MISSIONARIES MINISTERS AND CHURCHES IN KNOWLEDGE BELIEFS AND SKILLS TO LEARN AND TEACH BETTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Morgenstern President | 60 | $67,840 | |
Julie Morgenstern Education Director | 35 | $28,480 | |
John Peters Treasurer | 2 | $0 | |
Fredrick Mackey Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,188 |
| Total Program Service Revenue | $14,059 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $111,247 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $107,083 |
| Professional fees and other payments to independent contractors | $180 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $610 |
| Other expenses | $17,754 |
| Total expenses | $125,627 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,913 |
| Other assets | $0 |
| Total assets | $36,913 |
| Total liabilities | $0 |
| Net assets or fund balances | $36,913 |