Gfm Ministries
- Assets
- $5.1m
- Revenue
- $6.9m
- Investments
- $50.8k
- Employees
- 10
- Location
- Dallas, TX
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 03-0487825
Organization Overview
Gfm Ministries is located in Dallas, TX. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Gfm Ministries employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gfm Ministries is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Gfm Ministries generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 16.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ELIMINATE POVERTY THROUGH THE CREATION OF SUSTAINABLE AND EFFECTIVE COMMUNITY DEVELOPMENT PROJECTS, AND TO CREATE HOLISTIC TRANSFORMATION BY BRINGING HOPE, EMPOWERMENT, AND HEALING TO THOSE WITH THE GREATEST NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL COMMUNITY DEVELOPMENT - WE EMPOWERED FAMILIES BY FUNDING THE DISTRIBUTION OF THOUSANDS OF MICRO-LOANS (SMALL LOANS GIVEN TO HELP FAMILIES START OR DEVELOP A BUSINESS TO COME OUT OF POVERTY WITH DIGNITY), THE EDUCATION OF 720 ADDITIONAL CHILDREN WHO RECEIVED A FREE PRIMER EDUCATION THROUGH RURAL VILLAGE SCHOOLS, AND THE ACQUISITION OF A FACILITY FOR USE AS A PEDIATRIC HOSPITAL. WE FUNDED EXPANSIONS TO A 60-TANK FISH FARM AND A HATCHERY TO GENERATE VITAL PROTEIN AND JOBS, AND WE HELPED DISTRIBUTE LIFE-SAVING HUMANITARIAN AID FOR DISTRESSED FAMILIES ESPECIALLY IMPACTED BY COVID-19 AND THE ESTABLISHMENT OF MULTIPLE FAITH FORMATION GROUPS. WE PROVIDED LEADERSHIP IN OVERSEEING THE OPERATION OF THESE HOLISTIC COMMUNITY TRANSFORMATION PROGRAMS, WHICH ALSO INCLUDED A REMOTE MEDICAL CENTER FOR A COMMUNITY OF OVER 100,000 PEOPLE.
MISSIONS MINISTRY - WE REACHED OUT TO DISTRESSED FAMILIES IN OUR TARGET GEOGRAPHIC AREA BY DISTRIBUTING NEEDED SUPPLIES AND SHARING THE LOVE OF CHRIST. WE ALSO HELD AN ANNUAL CONFERENCE AND MONTHLY SEMINARS IN NORTH TEXAS TO EMPOWER BELIEVERS TO IMPACT THE UNREACHED WITH THE LOVE AND HOPE OF CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Abraham Sarker Co-Founder/ceo | OfficerTrustee | 60 | $162,240 |
Rusty Davidson Executive Dir. | Officer | 40 | $80,125 |
Dr Amie Sarker Co-Founder/secr | OfficerTrustee | 25 | $54,080 |
Alice Fretwell Director | Trustee | 20 | $14,000 |
Art Alexander Treasurer | OfficerTrustee | 1 | $0 |
Dr Harold Sadler Chairman | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $272,201 |
| Related organizations | $0 |
| Government grants | $86,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,293,707 |
| Noncash contributions included in lines 1a–1f | $104,893 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,652,444 |
| Total Program Service Revenue | $6,944 |
| Investment income | $4,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $249,480 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,115 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,914,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,315,170 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $328,890 |
| Compensation of current officers, directors, key employees. | $94,682 |
| Compensation to disqualified persons | $20,031 |
| Other salaries and wages | $118,490 |
| Pension plan accruals and contributions | $2,100 |
| Other employee benefits | $9,318 |
| Payroll taxes | $36,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,511 |
| Advertising and promotion | $11,676 |
| Office expenses | $89,300 |
| Information technology | $19,855 |
| Royalties | $0 |
| Occupancy | $75,900 |
| Travel | $20,214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,184 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,297 |
| Insurance | $452 |
| All other expenses | $0 |
| Total functional expenses | $3,178,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,650 |
| Savings and temporary cash investments | $107,195 |
| Pledges and grants receivable | $3,065,960 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,644 |
| Net Land, buildings, and equipment | $70,644 |
| Investments—publicly traded securities | $1,558,825 |
| Investments—other securities | $50,849 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,913 |
| Total assets | $5,051,680 |
| Accounts payable and accrued expenses | $28,494 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,409 |
| Total liabilities | $76,903 |
| Net assets without donor restrictions | $1,531,236 |
| Net assets with donor restrictions | $3,443,541 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,051,680 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Gfm Ministries has recieved totaling $93,180.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $35,345 |
American Endowment Foundation Hudson, OH PURPOSE: RELIGION | $20,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $17,680 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $10,100 |
George E Seay Iii Foundation Dallas, TX PURPOSE: TO ASSIST THE ORGANIZATION IN ACHIEVING ITS CHARITABLE MISSION. | $5,000 |
Micah Lee Foundation Nfp Winfield, IL PURPOSE: PROGRAM SUPPORT | $4,935 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Legacy Missions International Dallas, TX | $14,330,799 | $19,529,503 |
East-West Ministries International Plano, TX | $8,184,642 | $19,204,558 |
Marketplace Ministries Inc Plano, TX | $5,987,779 | $19,506,765 |
Pioneer Bible Translators Dallas, TX | $22,558,672 | $19,174,102 |
Society Of St Vincent De Paul Archdiocese Of Galveston-Houston Houston, TX | $7,339,150 | $16,634,792 |
E3 Partners Ministry Plano, TX | $6,012,362 | $14,710,236 |
San Antonio Metropolitan Ministry Inc San Antonio, TX | $12,579,627 | $13,414,405 |
Sower Of Seeds International Ministries Inc Keller, TX | $3,316,148 | $10,449,598 |
Restore Hope Ministries Inc Tulsa, OK | $8,417,745 | $10,753,534 |
Les Feldick Ministries Kinta, OK | $8,711,680 | $12,215,004 |
Union Gospel Mission Of Tarrant County Fort Worth, TX | $65,887,376 | $29,455,408 |
Minnie Slaughter Veal Memorial Fund Dallas, TX | $15,276,892 | $11,585,960 |