Civic Intelligence

Gospel Projects

990 • Fiscal year 2019 • EIN 47-1679070

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 31, 2020

525 A Street NEWashington, DC 20002

(202) 213-4078

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$258,009

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

86th percentile

31%

Faster asset growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

22nd percentile

-9.8%

Faster revenue growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,902,893

Up $693,341 (+31%) from 2018

Net Assets

Up

$2,902,893

Up $693,341 (+31%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$2,102,954

Down $229,008 (-9.8%) from 2018

Expenses

Down

$1,412,106

Down $802,271 (-36%) from 2018

Net Income

Up

$690,848

Up $573,263 (+488%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $1,524,567Liabilities 2015: $0Net Assets 2015: $1,524,5672015Assets 2016: $1,077,486Liabilities 2016: $3,500Net Assets 2016: $1,073,9862016Assets 2017: $2,098,644Liabilities 2017: $6,677Net Assets 2017: $2,091,9672017Assets 2018: $2,209,552Liabilities 2018: $0Net Assets 2018: $2,209,5522018Assets 2019: $2,902,893Liabilities 2019: $0Net Assets 2019: $2,902,8932019Assets 2020: $2,097,713Liabilities 2020: $0Net Assets 2020: $2,097,7132020Assets 2021: $3,657,924Liabilities 2021: $0Net Assets 2021: $3,657,9242021Assets 2022: $5,877Liabilities 2022: $0Net Assets 2022: $5,8772022Assets 2023: $4,239Liabilities 2023: $02023Assets 2024: $5,020Net Assets 2024: $5,0202024

Highlighted filing

2019

Assets$2,902,893
Liabilities$0
Net Assets$2,902,893

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2015: $1,066,144Expenses 2015: $318,105Net Income 2015: $748,0392015Revenue 2016: $1,680,993Expenses 2016: $2,131,574Net Income 2016: -$450,5812016Revenue 2017: $2,065,157Expenses 2017: $1,046,603Net Income 2017: $1,018,5542017Revenue 2018: $2,331,962Expenses 2018: $2,214,377Net Income 2018: $117,5852018Revenue 2019: $2,102,954Expenses 2019: $1,412,106Net Income 2019: $690,8482019Revenue 2020: $1,381,632Expenses 2020: $2,187,926Net Income 2020: -$806,2942020Revenue 2021: $3,331,583Expenses 2021: $1,771,372Net Income 2021: $1,560,2112021Revenue 2022: $2,590,625Expenses 2022: $6,188,444Net Income 2022: -$3,597,8192022Revenue 2023: $68,422Expenses 2023: $70,060Net Income 2023: -$1,6382023Revenue 2024: $54,891Expenses 2024: $54,110Net Income 2024: $7812024

Highlighted filing

2019

Revenue$2,102,954
Expenses$1,412,106
Net Income$690,848
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 31, 2020
Return Version
2019v5.0
Gross Receipts
$2,114,232
Mission and Program Overview

Mission

Seeks to glorify god by teaching and training local church pastors and their congregants in biblical theology and practices.

The mission of gospel projects is to promote and teach the gospel.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,209,552$2,902,893▲ $693,341
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,209,552$2,902,893▲ $693,341
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,209,552$2,902,893▲ $693,341
Total Net Assets Fund Balance$2,209,552$2,902,893▲ $693,341
Total Liabilities and Net Assets / Fund Balance$2,209,552$2,902,893▲ $693,341
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-President and Executive DirectorFT$156,436$101,573$258,009

Board Members and Trustees

NameTitle
-Chairman
-Director
-Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$10,525
Program Service Revenue
$2,060,176
Investment Income
$32,646
Other Revenue
$-393
All Other Contributions
$10,525
Change in Net Assets
$690,848
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$866,227
Salaries, Compensation, and Employee Benefits$545,879
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$316,205--$316,205
Other Salaries and Wages-$302,059-$302,059
Current Officers, Directors, Trustees, and Key Employees-$230,511-$230,511
Conferences and Meetings$161,721--$161,721
Fees for Services Other$68,944$83,841$0$152,785
Advertising$109,269--$109,269
Travel$58,789$7,322-$66,111
Office Expenses-$46,097-$46,097
Pension Plan Contributions-$10,941-$10,941
Fees for Services Legal$6,830$2,929-$9,759
Fees for Services Accounting-$4,280-$4,280
Other Employee Benefits-$2,368-$2,368
Total Functional Expenses$721,758$690,348$0$1,412,106
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 is prepared by an outside accountant, reviewed by the executive director, and provided to the board of directors for review before filing with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy through interaction with board members, officers, and staff. Should a potential conflict of interest arise, it is brought to the attention of first the officers, the chairman of the board, and the board as a whole. Any conflicts are determined and resolved at the lowest level necessary by remaining individuals on the board or commitee who do not have a material interest in the matter. An individual with a conflict does not participate in or is present during the deliberation of the matter under discussion and is ineligible to vote on the matter. The minutes document all procedings related to conflicts of interest.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Compensation for the president is reviewed and approved by the chairman of the board of directors. Comparable data from similar organizations is used in the determination process. A formal compensation committee has been established to review the compensation for the president. Compensation for other officers is reviewed and approved by the president. Comparable data from similar organizations is used in the determination process.

Form 990, Part VI, Line 19 Required documents available to the public

The financial statements and governing documents of the organization are available upon request for review by the general public.

Form 990, Part VIII, Line 2F Other Program Service Revenue

Bookstore Income - Total Revenue: 11349, Related or Exempt Function Revenue: 11349, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Gospel Projects
EIN
47-1679070
Phone
2022134078
Address
525 A STREET NE, WASHINGTON, DC 20002

Signing Officer

Name
Matthew Schmucker
Title
President
Signed
2020-03-31
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
4
Employees
4
Volunteers
247

Preparer

Firm
Aronson LLC
Address
111 ROCKVILLE PIKE 600, ROCKVILLE, MD 20850
Preparer
Robert Eby CPA
Phone
3012316200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

CONSULTING - Total Expense: 152785, Program Service Expense: 68944, Management and General Expenses: 83841, Fundraising Expenses: ;

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01059891
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09018298
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt031198
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
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IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0FRANK MATTHEW SCHMUCKER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt085498
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT AND EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0258009
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND EXECUTIVE DIRECTOR RECEIVED A MINISTERIAL HOUSING ALLOWANCE DURING THE YEAR. THE ALLOWANCE UNDER APPLICABLE TAX RULES IS TAXABLE UNDER SOCIAL SECURITY AND MEDICARE ONLY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 1a Housing allowance or residence for personal use
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTANT, REVIEWED BY THE EXECUTIVE DIRECTOR, AND PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH INTERACTION WITH BOARD MEMBERS, OFFICERS, AND STAFF. SHOULD A POTENTIAL CONFLICT OF INTEREST ARISE, IT IS BROUGHT TO THE ATTENTION OF FIRST THE OFFICERS, THE CHAIRMAN OF THE BOARD, AND THE BOARD AS A WHOLE. ANY CONFLICTS ARE DETERMINED AND RESOLVED AT THE LOWEST LEVEL NECESSARY BY REMAINING INDIVIDUALS ON THE BOARD OR COMMITEE WHO DO NOT HAVE A MATERIAL INTEREST IN THE MATTER. AN INDIVIDUAL WITH A CONFLICT DOES NOT PARTICIPATE IN OR IS PRESENT DURING THE DELIBERATION OF THE MATTER UNDER DISCUSSION AND IS INELIGIBLE TO VOTE ON THE MATTER. THE MINUTES DOCUMENT ALL PROCEDINGS RELATED TO CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE PRESIDENT IS REVIEWED AND APPROVED BY THE CHAIRMAN OF THE BOARD OF DIRECTORS. COMPARABLE DATA FROM SIMILAR ORGANIZATIONS IS USED IN THE DETERMINATION PROCESS. A FORMAL COMPENSATION COMMITTEE HAS BEEN ESTABLISHED TO REVIEW THE COMPENSATION FOR THE PRESIDENT. COMPENSATION FOR OTHER OFFICERS IS REVIEWED AND APPROVED BY THE PRESIDENT. COMPARABLE DATA FROM SIMILAR ORGANIZATIONS IS USED IN THE DETERMINATION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE UPON REQUEST FOR REVIEW BY THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Bookstore Income - Total Revenue: 11349, Related or Exempt Function Revenue: 11349, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTING - Total Expense: 152785, Program Service Expense: 68944, Management and General Expenses: 83841, Fundraising Expenses: ;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a Process to establish compensation of top management official
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VIII, Line 2f Other Program Service Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g Other Fees
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt01412106
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IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00

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