Civic Intelligence

Gospel Projects

990 • Fiscal year 2020 • EIN 47-1679070

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 14, 2021

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.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

6th percentile

-58%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$235,313

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 17.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

3rd percentile

-28%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-34%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,097,713

Down $805,180 (-28%) from 2019

Net Assets

Down

$2,097,713

Down $805,180 (-28%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$1,381,632

Down $721,322 (-34%) from 2019

Expenses

Up

$2,187,926

Up $775,820 (+55%) from 2019

Net Income

Down

-$806,294

Down $1,497,142 (-217%) from 2019

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

2020

Assets$2,097,713
Liabilities$0
Net Assets$2,097,713

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

2020

Revenue$1,381,632
Expenses$2,187,926
Net Income-$806,294
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 14, 2021
Return Version
2020v4.0
Gross Receipts
$1,381,632
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
Savings and Temporary Cash Investments$2,902,893$2,097,713▼ $805,180
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$2,902,893$2,097,713▼ $805,180
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$2,902,893$2,097,713▼ $805,180
Total Net Assets Fund Balance$2,902,893$2,097,713▼ $805,180
Total Liabilities and Net Assets / Fund Balance$2,902,893$2,097,713▼ $805,180
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-PresidentFT-$235,313$235,313
-Operations ManagerFT$142,579$6,563$149,142
-Marketing ManagerFT$115,040$5,200$120,240

Board Members and Trustees

NameTitle
-Chairman
-Director
-Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
10ofThoseShipping900 East Jefferson St, La Grange, KY 40031$190,556
Revenue and Support

Revenue Composition

Contributions and Grants
$158,651
Program Service Revenue
$1,203,241
Investment Income
$17,486
Other Revenue
$2,254
All Other Contributions
$158,651
Change in Net Assets
$-806,294
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,483,141
Salaries, Compensation, and Employee Benefits$704,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,098,153--$1,098,153
Other Salaries and Wages-$338,712-$338,712
Current Officers, Directors, Trustees, and Key Employees-$255,313-$255,313
Advertising$139,332--$139,332
Other Expenses$87,649--$87,649
Other Employee Benefits-$85,490-$85,490
Office Expenses-$63,842-$63,842
Travel$34,925$4,350-$39,275
Fees for Services Other$33,088$481$0$33,569
Pension Plan Contributions-$25,270-$25,270
Fees for Services Legal$11,888$5,098-$16,986
Fees for Services Accounting-$4,335-$4,335
Total Functional Expenses$1,405,035$782,891$0$2,187,926
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 - Total Revenue: 35202, Related or Exempt Function Revenue: 35202, 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
2021-04-14

Organization Details

Formed
2014
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
4
Employees
6
Volunteers
8

Preparer

Firm
Aronson LLC
Address
111 ROCKVILLE PIKE 600, ROCKVILLE, MD 20850
Preparer
Robert Eby CPA
Phone
3012316200
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3Mark Dever
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0Frank Matthew Schmucker
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
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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 - Total Revenue: 35202, Related or Exempt Function Revenue: 35202, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
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
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IRS990/TaxExemptBondsInd0false

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