Independent Baptist Mission For Asians Inc
- Assets
- $2.0m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Marietta, OH
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 31-1384480
Organization Overview
Independent Baptist Mission For Asians Inc is located in Marietta, OH. The organization was established in 2002. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Baptist Mission For Asians Inc 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, Independent Baptist Mission For Asians Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $8.5m during the year ending 12/2021. While expenses have increased by 6.7% 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
FINANCIAL SUPPORT AND CLEARING HOUSE FOR LMISSIONARRIES. ASSISTING IN THEIR OPERATION OF CHURCH PLANTING, TRAINING OF NATIONALS FOR MINISTRY IN THE AREA OF THEIR CALLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCAIL SUPPORT AND CLEARING HOUSE FOR MISSIONARIES. ASSISTING IN THEIR OPERATION OF CHURCH PLANTING, TRAINING OF NATIONALS FOR MINISTRY IN THEIR FIELD OF CALL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Philip Fair Treasurer | Officer | 40 | $26,400 |
Milo Tomas Board Member | Trustee | 0 | $0 |
Dr Myron Guiler President Emritus | Trustee | 1 | $0 |
Dr Jerry Siler President | Trustee | 1 | $0 |
Mark Allen Board Member | Trustee | 1 | $0 |
Dr Bob Simpson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,218,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,218,732 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,557,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $26,400 |
| Compensation of current officers, directors, key employees. | $26,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,810 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,403 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $248 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $67,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,090 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,530,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,710 |
| Savings and temporary cash investments | $747,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,687 |
| 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 | $0 |
| Net Land, buildings, and equipment | $676,138 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,955,578 |
| Accounts payable and accrued expenses | $1,245,864 |
| 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 | $0 |
| Total liabilities | $1,245,864 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $709,714 |
| 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 | $1,955,578 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Independent Baptist Mission For Asians Inc has recieved totaling $26,300.
| Awarding Organization | Amount |
|---|---|
Hudson Community Foundation Hudson, OH PURPOSE: PROGRAMS | $19,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $5,300 |
Williams Family Foundation Falls Church, VA PURPOSE: MISSIONARY SUPPORT | $2,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |
Mission Pre-Born Inc Indianapolis, IN | $6,569,199 | $16,394,673 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
Back 2 Back Ministries Inc Mason, OH | $16,341,723 | $15,736,396 |
The Pottstown Cluster Of Religious Communities Pottstown, PA | $2,620,724 | $10,453,372 |
Evangelical Lutheran Church In America Bala Cynwyd, PA | $32,181,411 | $7,233,386 |
Lifeline Christian Mission Westerville, OH | $4,011,656 | $8,864,556 |
Independent Baptist Mission For Asians Inc Marietta, OH | $1,955,578 | $8,557,935 |
City Gospel Mission Cincinnati, OH | $28,334,582 | $12,813,405 |
Liberty Ministries Schwenksville, PA | $7,484,398 | $10,564,649 |
Infaith Exton, PA | $8,050,176 | $8,512,203 |
Faith And Liberty Discovery Center Llc Philadelphia, PA | $52,138,123 | $36,453,224 |