Nonprofit · EIN 41-1964938
SEG-WAY MINISTRIES
Tax-exempt · MINNEAPOLIS, MN 55414
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $281,638 | $308,631 | -$26,993 | $523,288 | $742,089 | -$218,801 |
| December 31, 2023 | 990 | $261,812 | $275,047 | -$13,235 | $536,898 | $728,706 | -$191,808 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $18,278
- Program service revenue
- $0
- Investment income
- $5
- Net rental income
- $60,778
- Net income from sales of inventory
- $202,577
- Other revenue
- $263,355
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $17,499
- Other salaries and wages
- $167,534
- Salaries, compensation and benefits (total)
- $201,854
- Professional fundraising fees
- $0
- Legal fees
- $2,646
- Accounting fees
- $3,800
- Depreciation
- $10,810
- Program services (functional)
- $282,080
- Management and general (functional)
- $26,021
- Fundraising (functional)
- $530
Balance sheet and other
- Total assets, start of year
- $536,898
- Total assets, end of year
- $523,288
- Total liabilities, end of year
- $742,089
- Net assets, end of year
- -$218,801
- Land, buildings and equipment
- $449,327
- Net assets without donor restrictions
- -$218,801
- Gross unrelated business income
- $202,577
- Gross receipts
- $530,802
- Employees
- 18
- Volunteers
- 0
- Year formed
- 2000
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG SILKER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $15,044 |
| CRAIG KRUEGER | DIRECTOR Trustee or director | 2 | $0 |
| KEITH LOKKESMOE | SECRETARY Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG SILKER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $17,461 |
| CRAIG KRUEGER | DIRECTOR Trustee or director | 2 | $0 |
| KEITH LOKKESMOE | SECRETARY Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 310 18TH AVE SE, MINNEAPOLIS, MN 55414-2015
- In care of
- % GREG A SILKER
- Principal officer (990 for 2024)
- GREG SILKER, 310 18TH AVE SE, MINNEAPOLIS, MN 55414
- Signed the 990
- GREG SILKER, EXECUTIVE DIRECTOR
- Phone
- (612) 817-0547
- Return prepared by
- ELLINGSON & ELLINGSON LTD
Mission
PROVIDE CHRIST-CENTERED MINISTRY AND SUPPORT
Program accomplishments
- OFFER A CHRISTIAN COFFEE HOUSE SELLING COFFEE AND OTHER BEVERAGES AS WELL AS BAKED GOODS IN A WARM AND INVITING ATMOSPHERE WHERE STUDENTS CAN RELAX AND ENJOY QUIET TIME. APPROXIMATELY 200 STUDENTS ARE SERVED DAILY. BECAUSE THE MINISTRY SELLS INVENTORY ALL REVENUES AND EXPENSES ARE ALSO REPORTED AS UNRELATED BUSINESS INCOME ON FORM 990T.Expenses $253,194
- PROVIDE DIRECT ON-CAMPUS MINISTRY. PROVIDE FACILITIES FREE OF CHARGE TO SMALL GROUPS TO FACILITATE DISCUSSIONS OF FAITH AND CHRISTIAN LIVING.Expenses $28,886
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1964938
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X99)
- Assets (IRS master file)
- $523,288
- Income (IRS master file)
- $530,802
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $281,638 | $308,631 | $523,288 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $261,812 | $275,047 | $536,898 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $245,322 | $233,080 | $553,373 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 41-1964938).
Questions about SEG-WAY MINISTRIES
- What is the EIN of SEG-WAY MINISTRIES?
- The employer identification number (EIN) of SEG-WAY MINISTRIES is 41-1964938.
- Is SEG-WAY MINISTRIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to SEG-WAY MINISTRIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEG-WAY MINISTRIES 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 SEG-WAY MINISTRIES 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 SEG-WAY MINISTRIES 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 SEG-WAY MINISTRIES?
- The 990 for the year ended December 31, 2024 names GREG SILKER.
- Who are the officers and directors of SEG-WAY MINISTRIES?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $15,044 (GREG SILKER, EXECUTIVE DIRECTOR).
- How much revenue does SEG-WAY MINISTRIES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $281,638, expenses of $308,631 and total assets of $523,288 at year end.
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