Overview
What is Steer Inc?
Steer Inc is a nonprofit organization based in Bismarck, North Dakota, with a focus on supporting missionary societies in spreading the Gospel worldwide. Their unique 3-way stewardship program encourages donors to contribute $700 annually, which gets multiplied to aid these missionary societies. Farmers and ranchers also participate by using the funds to purchase livestock or crops, with profits allocated to their preferred missionary. Approved mission agencies receive long-term financial support, fostering a bond between donors, farmers, and missionaries, ensuring continuous prayer and financial assistance. With a team of 7 employees, Steer Inc serves as a remarkable platform for promoting Christian faith and charitable work globally.
Official website here: www.steerinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Steer Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its commitment to high standards in accountability and financial management. The organization scored a perfect 100% in the Accountability & Finance category, showcasing its dedication to transparency and responsible governance. This rating indicates that Steer Inc effectively manages its resources while maintaining a strong focus on its mission.
The organization boasts an entirely independent board with 15 members, which enhances its accountability. Key practices, such as having a comprehensive audit and oversight committee and policies for conflict of interest and whistleblower protections, further demonstrate its commitment to ethical operations. Additionally, Steer Inc has a low liabilities-to-assets ratio, indicating financial stability.
While the financial metrics are strong, it is worth noting the importance of program expenses, with 78.19% allocated directly to programs. This efficiency underscores the organization’s focus on maximizing impact through its initiatives. Overall, Steer Inc represents a model of financial health and organizational integrity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Steer Inc legitimate?
Steer Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steer Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $125,723
Professional Fundraising Fees: $0
Other Salaries and Wages: $233,069
For more financial information, click here
Official website here: www.steerinc.com
What is the mission statement of Steer Inc?
Steer Inc's mission is centered around advancing the work of Jesus Christ on Earth. The organization aims to provide financial support to mission societies, enabling them to spread the gospel to all nations before Christ's return. This is achieved through a three-pronged stewardship program. Donors contribute $700 units annually, which are then multiplied to boost financial support for missionary societies. Farmers and ranchers, in turn, utilize these funds to raise livestock or crops, with the profits designated to their chosen missionary, provided they are affiliated with Steer. The missionary societies, once approved, collaborate with Steer to receive long-term financial support, enabling them to continue propagating the gospel worldwide. The Steer program serves as a means of receiving both prayer and financial assistance, fostering a sense of unity among the various missionary societies and their followers.
Official website here: www.steerinc.com
Who is the CEO of Steer Inc?
Keith Kost Officer is the Director of Steer Inc. The CEO's salary of Steer Inc is $111,452 and their total compensation is $127,915.
Official website here: www.steerinc.com
What is the revenue of Steer Inc?
Steer Inc's revenue in 2023 was $2,013,738.
Official website here: www.steerinc.com
Who are the executives of Steer Inc and what are their salaries?
The average compensation at Steer Inc during 2023 was $51,256. There are 7 employees and 701 volunteers at Steer Inc.
Here are 17 key members and their salaries (Steer Inc's CEO's salary is $111,452 and their total compensation is $127,915):
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- Compensation: $111,452
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- Other: $7,533
Official website here: www.steerinc.com
Where can I find the form 990 for Steer Inc?
Steer Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.steerinc.com
Learn more at the official website: www.steerinc.com
Mission Statement of Steer Inc
Steer Inc, a nonprofit organization, is centered around the mission of advancing the work of Jesus Christ on Earth. Their primary purpose is to raise funds to assist existing missionary societies in spreading the gospel to all nations prior to Jesus' second coming. They employ a unique 3-way stewardship program, where donors contribute $700 units annually, aiming for a 50% increase in financial support for member mission agencies. This partnership with farmers or ranchers allows them to choose livestock or crops, known as "God's Acre," with the profits benefiting a chosen missionary. The farmer or rancher becomes a partner with the donor who contributed the dedicated units. Lastly, member mission agencies apply to receive long-term financial support from Steer Inc, enabling them to continue proclaiming the gospel of Jesus Christ worldwide. This program provides both financial and prayer support to missionaries, fostering a sense of teamwork throughout the Christian community.
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Impact
July, 2024
Steer Inc's impact is centered on advancing the work of the Lord Jesus Christ on Earth by providing financial support for member mission societies to spread the Gospel to all nations of the world. Through their unique 3-way stewardship program, donors partner with farmers to raise funds for mission agencies, enabling them to continue proclaiming the Gospel to all nations. This program not only provides financial support but also fosters a sense of teamwork and collaboration within the Body of Christ. Overall, Steer Inc's impact extends globally, contributing to the mission of spreading the message of Jesus Christ to the ends of the Earth.
This information is meant to be a general summary of Steer Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $129,392
- Program Service Revenue: $111,515
- Gross Receipts: $2,490,709
Assets and Liabilities:
- Total Assets: $6,881,534
- Total Liabilities: $151,038
- Net Assets: $6,730,496
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE & BANQUETS
Revenue
$111,515
Organization Details
Founding Year
1976
Phone
(701) 258-4911Principal Officer
Keith Kost Officer
Main Address
PO BOX 1236, BISMARCK, ND, 585021236
Website
www.steerinc.comNTEE Category
Code: X20J - Religion related
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