STEER INC

EIN: 450262160 501(c)(3) Religion

BISMARCK, ND

Total Revenue
$2,851,438
Total Expenses
$2,540,783
Total Assets
$7,942,671
Net Assets
$7,871,039
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
ND
Principal Officer
BEAU BENDIGO
Phone
7012584911
Tax Period
2024-07-01 to 2025-06-30

STEER INC, founded in 1976, is a community nonprofit in the Religion sector that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.5M left a modest 11% surplus.

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.

Program Service Accomplishments

Program 1
Expenses: $2,043,344 Revenue: $2,038,319

STEER HAS ONE PROGRAM - A 3-WAY STEWARDSHIP PROGRAM.1) BY INVESTING IN THE LEGACY FUND, DONORS LEVERAGE AGRICULTURAL PRODUCTION TO GENERATE ANNUAL RETURNS THAT HELP FUND GLOBAL MISSION ENDEAVORS.2)...

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STEER HAS ONE PROGRAM - A 3-WAY STEWARDSHIP PROGRAM.1) BY INVESTING IN THE LEGACY FUND, DONORS LEVERAGE AGRICULTURAL PRODUCTION TO GENERATE ANNUAL RETURNS THAT HELP FUND GLOBAL MISSION ENDEAVORS.2) FARMERS AND RANCHERS SIGN UP TO RECEIVE LEGACY FUNDS, WHICH THEY USE TO PURCHASE LIVESTOCK OR PLANT CROPS. THE PROFITS FROM THESE PROJECTS ARE THEN USED TO SUPPORT THEIR CHOSEN MISSIONARIES OR MISSION PROJECTS WITHIN STEER'S MEMBER ORGANIZATIONS. 3) APPROVED MEMBER ORGANIZATIONS PARTNER WITH STEER TO RECEIVE LONG-TERM FINANCIAL SUPPORT, ENABLING THEM TO CONTINUE PROCLAIMING THE GOSPEL OF JESUS CHRIST GLOBALLY. FOR THESE ORGANIZATIONS AND THEIR MISSIONARIES, STEER SERVES AS A WONDERFUL CHANNEL FOR RECEIVING PRAYER AND FINANCIAL BACKING, EMBODYING A SPIRIT OF PARTNERSHIP THROUGHOUT THE BODY OF CHRIST.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $517,937
Program Service Revenue $143,949
Investment Income $346,793
Other Revenue $1,842,759
TOTAL REVENUE $2,851,438

Expense Breakdown

Grants Paid $1,761,385
Salaries & Benefits $482,180
Fundraising Expenses $219,656
Program Expenses $2,043,344
Other Expenses $297,218
TOTAL EXPENSES $2,540,783

Year-over-Year Comparison

2024 2023 Change
Revenue $2,851,438 $2,514,974 +0.1%
Expenses $2,540,783 $2,184,632 +0.2%
Net Income $310,655 $330,342 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
9
Volunteers
400

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$287,174
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY HAUCK DIRECTOR (CHAIR) 1.00
Officer Director
$0 $0 $0
ROD ZIMMERMAN DIRECTOR (VICE CHAIR) 1.00
Officer Director
$0 $0 $0
BRUCE SCHAUER DIRECTOR (TREASURER) 1.00
Officer Director
$0 $0 $0
DOUG SCHELHAAS DIRECTOR (SECRETARY) 1.00
Officer Director
$0 $0 $0
RAMON BARNES DIRECTOR 1.00
Director
$0 $0 $0
KRIS BOGAR DIRECTOR 1.00
Director
$0 $0 $0
KURTIS COUNTESS DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN DECKERT DIRECTOR 1.00
Director
$0 $0 $0
JERROD MACDONALD DIRECTOR 1.00
Director
$0 $0 $0
BRENT PETERSEN DIRECTOR 1.00
Director
$0 $0 $0
JIM SAILER DIRECTOR 1.00
Director
$0 $0 $0
ARLYN SCHERBENSKE DIRECTOR 1.00
Director
$0 $0 $0
JEFF SLEEP DIRECTOR 1.00
Director
$0 $0 $0
IAN ZIMMERMAN DIRECTOR 1.00
Director
$0 $0 $0
BEAU BENDIGO DIRECTOR (TERM 4/2025) 1.00
Director
$0 $0 $0
KEITH KOST TERM 123124 EXECUTIVE DIRECTOR/CEO 40.00
Officer
$106,919 $18,193 $125,112
IVAN FRIESEN TERM 53125 ACTING EXECUTIVE DIRECTOR 40.00
Officer
$78,275 $18,541 $96,816
KARN LAMON CONTROLLER 40.00
Officer
$56,525 $8,721 $65,246
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,851,438 $2,540,783 $7,942,671 $310,655
2024 No data No data No data No data
2023 $2,013,738 $1,824,369 $6,881,534 $189,369
2022 $1,967,390 $1,761,532 $6,400,196 $205,858
2021 $1,887,900 $1,718,567 $6,553,436 $169,333
2020 $1,870,450 $1,711,019 $5,918,539 $159,431
2019 $2,052,420 $1,833,442 $5,801,733 $218,978
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