International Orality Institute
- Assets
- $54.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Crystal, MN
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 82-4145515
Organization Overview
International Orality Institute is located in Crystal, MN. The organization was established in 2019. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Orality Institute 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, International Orality Institute generated $100.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $83.7k during the year ending 12/2021. While expenses have increased by 20.5% per year over the past 4 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
2021
Describe the Organization's Program Activity:
Part 3
THE INTERNATIONAL ORALITY INSTITUTE HAS WORKED TO DEVELOP COUNTRIES OF INTEREST BY CONDUCTING EXPLORATORY TRAVEL TO UNDERSTAND THE NEEDS OF CHURCHES AND ORGANIZATIONS AND TO CONDUCT TRAININGS AND DISCUSSIONS WITH INDIVIDUALS, ORGANIZATIONS, AND CONGREGATIONS THAT DESIRE TO SEE THE VALUE OF THIS MINISTRY AND WANT TO SEE GOD'S WORD REACH EVERY PART OF THE WORLD. CURRICULUM AND TRAINING HAVE BEEN INTRODUCED TO THE COUNTRIES OF UGANDA, INDIA, BRAZIL, ECUADOR, MEXICO AND UKRAINE. THE INTERNATIONAL ORALITY INSTITUE HAS BEEN ACTIVELY VISITING CHURCHES AND SPEAKING TO POTENTIAL SUPPORTERS IN ORDER TO ENCOURAGE THEIR PARTNERSHIP TOWARDS THIS INTERNATIONAL TRAINING MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Kneeland Missionary | 1 | $0 | |
Jim Rasmussen Vice Chair | 1 | $0 | |
Wayne Hjermstad Treasurer | 1 | $0 | |
Peter Ward Secretary | 1 | $0 | |
Kevin J Olson Executive Dir. | 32 | $0 | |
Greg Johnson Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,788 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,788 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,000 |
| Professional fees and other payments to independent contractors | $2,910 |
| Occupancy, rent, utilities, and maintenance | $12,000 |
| Printing, publications, postage, and shipping | $972 |
| Other expenses | $10,838 |
| Total expenses | $83,720 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,026 |
| Other assets | $0 |
| Total assets | $54,026 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,026 |
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