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Nonprofiteer
← STEER INC

Form 990 for tax year 2023

Filed by STEER INC.

Totals

Total revenue
$2,514,974
Total expenses
$2,184,632
Contributions and grants received
$491,151
Grants paid
$1,463,047
Program service revenue
$120,572
Investment income
$206,895
Other revenue
$1,696,356
Total assets, end of year
$7,397,198
Total liabilities, end of year
$114,011
Net assets or fund balances, end of year
$7,283,187
Program services expenses (Part IX)
$1,726,465
Management and general expenses
$259,766
Fundraising expenses
$198,401
Program service expenses (Part III)
$1,726,465

Program services were 79.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $33,151

  • 1f · All other contributions, gifts and grants

    $458,000

  • 2a · Program service revenue: CONFERENCE & BANQUETS

    total $120,572 · related or exempt $120,572

  • 3 · Investment income

    total $186,418 · excluded $186,418

  • 6a · Gross rents

    real property $10,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $10,000

  • 6d · Net rental income or loss

    total $10,000 · related or exempt $10,000

  • 7a · Gross sales of assets other than inventory

    other assets $179,760

  • 7b · Less cost or other basis and sales expenses

    other assets $159,283

  • 7c · Gain or loss

    other assets $20,477

  • 7d · Net gain or loss

    total $20,477 · related or exempt $20,477

  • 8a · Fundraising events: gross income

    $17,698

  • 8b · Fundraising events: direct expenses

    $150

  • 8c · Net income from fundraising events

    total $17,548 · excluded $17,548

  • 10a · Gross sales of inventory

    $1,774,022

  • 10b · Cost of goods sold

    $109,727

  • 10c · Net income from sales of inventory

    total $1,664,295 · related or exempt $1,664,295

  • 11a · Other revenue: INSURANCE FUND INTEREST

    total $4,392 · related or exempt $4,392

  • 11b · Other revenue: PROMOTION

    total $121 · related or exempt $121

  • 11e · Other revenue, total

    $4,513

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,463,047 · program services $1,463,047

  • 5 · Compensation of officers, directors and key employees

    total $219,807 · program services $102,675 · management and general $76,868 · fundraising $40,264

  • 7 · Other salaries and wages

    total $200,272 · program services $48,554 · management and general $99,565 · fundraising $52,153

  • 8 · Pension plan contributions

    total $15,322 · program services $5,516 · management and general $6,435 · fundraising $3,371

  • 9 · Other employee benefits

    total $49,857 · program services $16,619 · management and general $16,619 · fundraising $16,619

  • 10 · Payroll taxes

    total $32,153 · program services $11,575 · management and general $13,504 · fundraising $7,074

  • 11c · Fees: accounting

    total $1,690 · management and general $1,690

  • 12 · Advertising and promotion

    total $5,778 · program services $2,889 · fundraising $2,889

  • 13 · Office expenses

    total $54,158 · program services $18,858 · management and general $16,443 · fundraising $18,857

  • 16 · Occupancy

    total $45,864 · program services $15,288 · management and general $15,288 · fundraising $15,288

  • 17 · Travel

    total $1,859 · program services $750 · management and general $361 · fundraising $748

  • 23 · Insurance

    total $35,892 · program services $11,964 · management and general $11,964 · fundraising $11,964

  • 24a · Other expenses: ROUNDUPS AND RALLIES

    total $54,037 · program services $27,019 · fundraising $27,018

  • 24b · Other expenses: MISCELLANEOUS

    total $1,907 · program services $636 · management and general $636 · fundraising $635

  • 24c · Other expenses: VEHICLE

    total $1,362 · program services $681 · fundraising $681

  • 24d · Other expenses: SUBSCRIPTION/MEMBERSHIP

    total $1,180 · program services $394 · management and general $393 · fundraising $393

  • 24e · All other expenses

    total $447 · fundraising $447

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $690,587 · end of year $750,829

  • 2 · Savings and temporary cash investments

    beginning of year $1,633,292 · end of year $1,776,676

  • 4 · Accounts receivable

    end of year $3,200

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,805 · end of year $18,908

  • 10a · Land, buildings and equipment: cost or other basis

    $194,783

  • 10b · Land, buildings and equipment: accumulated depreciation

    $122,783

  • 10c · Land, buildings and equipment, net

    beginning of year $72,000 · end of year $72,000

  • 11 · Investments: publicly traded securities

    beginning of year $3,082,869 · end of year $3,498,853

  • 13 · Investments: program-related

    beginning of year $1,264,292 · end of year $1,192,866

  • 15 · Other assets

    beginning of year $124,689 · end of year $83,866

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,349 · end of year $30,145

  • 25 · Other liabilities

    beginning of year $124,689 · end of year $83,866

  • 27 · Net assets without donor restrictions

    beginning of year $5,823,995 · end of year $6,313,134

  • 28 · Net assets with donor restrictions

    beginning of year $906,501 · end of year $970,053

Mission and programs · 2023

Mission

THE PURPOSE OF THIS ORGANIZATION SHALL BE TO ADVANCE THE WORK OF THE LORD JESUS CHRIST ON EARTH BY RAISING MONEY TO HELP EXISTING MISSIONARY SOCIETIES GET THE GOSPEL TO THE ENDS OF THE EARTH IN THE SHORTEST POSSIBLE TIME BY MEANS AND METHODS AS SET FORTH IN THE ARTICLES.

Activities or mission (Part I)

CENTERED ON THE LORD JESUS CHRIST, THE MISSION OF STEER, INC. SHALL BE TO ADVANCE THE WORK OF THE LORD JESUS CHRIST ON EARTH BY PROVIDING FINANCIAL SUPPORT FOR MEMBER MISSION SOCIETIES TO TAKE THE GOSPEL TO ALL NATIONS OF THE WORLD BEFORE THE COMING OF JESUS CHRIST.

  • 3 WAY STEWARDSHIP PROGRAM AS FOLLOWS: 1) DONORS GIVE $700 UNITS TO MULTIPLY FINANCIAL SUPPORT ON AN ANNUAL BASIS FOR AN AVERAGE GAIN OF 50%. THE DONOR BECOMES A PARTNER WITH A FARMER WHO RAISES THESE UNITS FOR THE SUPPORT OF A MEMBER MISSION AGENCY OF STEER. 2) FARMER/RANCHER SIGN UP AND ARE GIVEN UNIT FUNDS TO PURCHASE THE LIVESTOCK OF THEIR CHOICE OR TO HELP PLANT AND HARVEST THE CROP OF THEIR CHOICE CALLED "GOD'S ACRES". FARMER/RANCHERS WHO WORK WITH THESE DEDICATED UNITS CAN DESIGNATE THE PROFIT TO A MISSIONARY OF THEIR CHOICE PROVIDED THE MISSION IS A MEMBER OF STEER. FARMER/RANCHERS BECOME PARTNERS WITH THE DONORS WHO HAVE GIVEN THESE DEDICATED $700 UNITS. 3)MEMBER MISSION AGENCIES MAKE APPLICATION AND ONCE APPROVED WORK TOGETHER WITH STEER TO RECEIVE LONG-TERM FINANCIAL SUPPORT WHICH ENABLES THEM TO KEEP PROCLAIMING THE GOSPEL OF JESUS CHRIST TO ALL NATIONS OF THE WORLD. FOR THESE MISSION AGENCIES AND THEIR MISSIONARIES, THE STEER PROGRAM BECOMES A MARVELOUS METHOD OF RECEIVING PRAYER AND FINANCIAL SUPPORT DEMONSTRATING A TEAM SPIRIT IN WORKING TOGETHER THROUGHOUT THE BODY OF CHRIST JESUS.

    Expenses $1,726,465 · Grants $1,463,047 · Revenue $1,819,857

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bruce Brunner

    DIRECTOR (CHAIR)

    Total calculated
    $0
    Hours/week
    1
  • Randy Hauck

    DIRECTOR (VICE CHAIR)

    Total calculated
    $0
    Hours/week
    1
  • Bruce Schauer

    DIRECTOR (SECRETARY)

    Total calculated
    $0
    Hours/week
    1
  • Doug Schelhaas

    DIRECTOR (TREASURER)

    Total calculated
    $0
    Hours/week
    1
  • Kris Bogar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kurtis Countess

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Justin Deckert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jerrod MacDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Aaron Mahin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul Marrs Dec 2102024

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donovan Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brent Petersen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Sailer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Arlyn Scherbenske

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ian Zimmerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Keith Kost Term 123124

    EXECUTIVE DIRECTOR/CEO

    Total calculated
    $128,294
    From this org
    $110,206
    From related orgs
    $0
    Other
    $18,088
    Hours/week
    40
  • Ivan Friesen Eff 111623

    ACTING EXECUTIVE DIRECTOR

    Total calculated
    $88,379
    From this org
    $71,555
    From related orgs
    $0
    Other
    $16,824
    Hours/week
    40
  • Karn Lamon

    CONTROLLER

    Total calculated
    $69,109
    From this org
    $60,927
    From related orgs
    $0
    Other
    $8,182
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202541269349301214

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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