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Nonprofit · EIN 20-0222800

READ MINISTRIES INC

Tax-exempt · SAINT CLOUD, MN 56303

Financials

$502K$551K2023$666K$574K2024
Revenue Expenses · by fiscal year end
Financials of READ MINISTRIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$665,502$574,164$91,338$497,140$2,743$494,397
December 31, 2023990$502,324$550,970-$48,646$406,534$3,475$403,059
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$654,670
Program service revenue
$0
Investment income
$10,832
Other revenue
$0

Expenses

Grants and similar amounts paid
$310,282
Compensation of officers, directors and key employees
$99,639
Other salaries and wages
$88,387
Salaries, compensation and benefits (total)
$190,385
Professional fundraising fees
$0
Accounting fees
$180
Travel
$32,153
Depreciation
$1,446
Program services (functional)
$417,447
Management and general (functional)
$70,841
Fundraising (functional)
$85,876

Balance sheet and other

Total assets, start of year
$406,534
Total assets, end of year
$497,140
Total liabilities, end of year
$2,743
Net assets, end of year
$494,397
Land, buildings and equipment
$3,240
Net assets without donor restrictions
$494,397
Gross receipts
$665,502
Employees
5
Year formed
2003
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
STEVEN ECKERTEXECUTIVE DI
Trustee or director, Officer
40$99,639
RACHEL ANDERSONBOARD MEMBER
Trustee or director
1$0
KELSEY BURNSBOARD MEMBER
Trustee or director
1$0
VOLODYMYR DEGTYARYOVBOARD MEMBER
Trustee or director
1$0
TODD MAGNUSONVICE CHAIR
Trustee or director, Officer
1$0
VLAD MAKYEYEVBOARD MEMBER
Trustee or director
1$0
KIM PAREIGATCHAIR
Trustee or director, Officer
1$0
STEPHANIE YAEGERTREASURER
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
STEVEN ECKERTEXECUTIVE DIRECTOR
Trustee or director, Officer
40$96,037
MARK POUNDTREASURER
Trustee or director, Officer
1$0
RICH SCHOENERTCHAIRMAN
Trustee or director, Officer
2$0
DAVID MELINBOARD MEMBER
Trustee or director
1$0
VOLODYMYR DEGTYARYOVBOARD MEMBER
Trustee or director
1$0
TODD MAGNUSONBOARD MEMBER
Trustee or director
1$0
KIM PAREIGATBOARD MEMBER
Trustee or director
1$0
RACHEL ANDERSONBOARD MEMBER
Trustee or director
1$0
STEPHANIE YAEGERBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
203 COOPER AVE N STE 350, SAINT CLOUD, MN 56303-4578
In care of
% MARK POUND
Principal officer (990 for 2024)
STEVEN ECKERT, 203 COOPER AVE N, ST CLOUD, MN 56303
Signed the 990
STEVEN ECKERT, EXECUTIVE DIRECTOR
Phone
(763) 552-0652
Return prepared by
CHRISTIANSON PLLP

Mission

EQUIPPING THE EURASIAN CHURCH FOR EFFECTIVE MINISTRY (UKRAINE, KAZAKSTAN, KYRGYZSTAN, BELARUS, RESTRICTED ACCESS COUNTRIES).

990 for the year ended December 31, 2024

Program accomplishments

  • SUPPORT OF WAR RELIEF INITIATIVES IN UKRAINE (DUE TO RUSSIA'S AGGRESSION WHICH STARTED IN FEBRUARY 2022): DUE TO RUSSIA'S UNPROVOKED INVASION OF UKRAINE NEAR THE END OF FEBRUARY, 2022, AND THE RESULTING HUMANITARIAN SATASTROPHE, READ MINISTRIES CONTINUED ITS CRISIS RELIEF FUND DURING 2024 TO PROVIDE FINANCIAL RESOURCES FOR ASSISTING ITS TRUSTED LEGACY UKRAINIAN PARTNERS AND THEIR CRISIS RESPONSE EFFORTS. BOTH ESISTING AND NEW FINANCIAL SUPPORTERS OF READ MINISTRIES RESPONDED WITH STUNNING GENEROSITY AND CONTINUED TO RESPOND DURING 2024. IN 2024, READ MINISTRIES DISTRIBUTED A TOTAL OF 111,489 FROM ITS CRISIS RELIEF FUND TO ITS UKRAINIAN-PARTNER NETWORK SCATTERED ACROSS UKRAINE.
    Expenses $310,282 · grants $310,282
  • SUPPORT OF FESOURCE DISTRIBUTION INITIATIVES: IN 2024, READ MINISTRIES DISTRIBUTED BOOKS TO 110+ LOCAL CHURCHES PARTICIPATING IN THEOLOGICAL SCHOOL-BASED MINISTRY TRAINING INITIATIVES FUNDED BY READ MINISTRIES AND CONDUCTED BY ITS MINISTRY PARTNERS IN KHMELNITSKY, POLTAVA, AND KARKOV OBLASTS IN UKRAINE.
    Expenses $69,152
  • SUPPORT OF EQUIPPING MINISTRY LEADERS INITIATIVES: IN 2024, READ MINISTRIES FUNDED AND CONDUCTED A REGIONAL CONFERENCES FOR CHURCH LEADERS. ONE OF THE MAIN CONFERENCES WAS IN IVANO-FRANKIVSK WITH TAVRISKY CHRISTIAN INSTITUTE. INCLUDED IN THE CONFERENCE WAS THE DISTRIBUTION OF 20-VOLUME THEOLOGICAL LIBRARIES TO EACH CONFERENCE ATTENDEE. IN 2024, READ MINISTRIES PROVIDED FUNDING FOR A TRAINING CONFERENCE FOR 50 LEADERS IN THE TERNOPIL OBLAST. INCLUDED IN THIS CONFERENCE WAS THE DISTRIBUTION OF A A 20-VOLUME THEOLOGICAL LIBRARY TO EACH CHURCH LEADER WHO ATTENDED.
    Expenses $38,013
  • MISCELLANEOUS PROGRAM EXPENSES

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-0222800
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2004
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X20)
Assets (IRS master file)
$497,140
Income (IRS master file)
$665,502

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$665,502$574,164$497,140IRS
990December 2023$502,324$550,970$406,534XML
990December 2022$874,610$714,392$457,365IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0222800).

Questions about READ MINISTRIES INC

What is the EIN of READ MINISTRIES INC?
The employer identification number (EIN) of READ MINISTRIES INC is 20-0222800.
Is READ MINISTRIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to READ MINISTRIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does READ MINISTRIES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of READ MINISTRIES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did READ MINISTRIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of READ MINISTRIES INC?
The 990 for the year ended December 31, 2024 names STEVEN ECKERT.
Who are the officers and directors of READ MINISTRIES INC?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $99,639 (STEVEN ECKERT, EXECUTIVE DI).
How much revenue does READ MINISTRIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $665,502, expenses of $574,164 and total assets of $497,140 at year end.

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