Strategic Resource Group Inc
- Assets
- $17.5m
- Revenue
- $41.5m
- Investments
- $275.0
- Employees
- 3
- Location
- Easton, MD
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 33-0780945
Organization Overview
Strategic Resource Group Inc is located in Easton, MD. The organization was established in 2000. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Strategic Resource Group Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strategic Resource Group 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 12/2022, Strategic Resource Group Inc generated $41.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $40.3m during the year ending 12/2022. While expenses have increased by 15.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESOURCES TO MISSIONARY ORGANIZATIONS, INDIGENOUS CHURCHES AND OTHER CHRISTIAN MINISTRIES IN SUPPORT OF EXPRESSION OF THE LOVE OF CHRIST TO PEOPLE IN THE ARABIAN PENINSULA, MIDDLE EAST, NORTH AFRICA, IRAN AND TURKEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GEOGRAPHIC FUNDS/PROGRAM GRANTS: PROVIDED 786 GRANTS FUNDING 418 PROJECTS FOR 190 MISSIONARY ORGANIZATIONS, INDIGENOUS CHURCHES AND OTHER CHRISTIAN MINISTRIES THAT WORK IN THE ARABIAN PENINSULA, MIDDLE EAST AND NORTH AFRICA, PAKISTAN AND AFGHANISTAN.
STRATEGIC INITIATIVES: AS WE WORK IN THE MIDDLE EAST AND NORTH AFRICA REGIONS, WE SOMETIMES OBSERVE A MINISTRY OPPORTUNITY THAT IS NOT BEING IMPLEMENTED BY ANYONE OR A NEW MINISTRY METHOD THAT NEEDS TO BE DEVELOPED TO INCREASE THE EFFECTIVENESS OF OUR MINISTRY PARTNERS. WE THEN DEFINE A PROJECT, INITIATE RESEARCH AND DEVELOPMENT AND, WHEN FULLY DEVELOPED, TRANSFER THE DEVELOPED INITIATIVE ON TO OUR MINISTRY PARTNERS OR HELP ESTABLISH A NEW ORGANIZATION THAT WILL BECOME A MINISTRY PARTNER TO CONTINUE IMPLEMENTING THE INITIATIVE. TWO EXAMPLES OF THIS WORK ARE THE MENA LEADERSHIP CENTER AND THE MIDDLE EAST TRAUMA HEALING RESOURCE CENTER. DURING THE YEAR WE PROVIDED VARIOUS GRANTS TO ORGANIZATIONS WE HELPED DEVELOP AS A PART OF THIS PROGRAM. LASTLY, GRANTS GIVEN INCLUDES $6.1 MILLION OF GIFTS IN KIND PHARMACEUTICAL PRODUCTS DISTRIBUTED IN THE MIDDLE EAST & NORTH AFRICAN REGION.
SECTOR FUNDS: SECTOR FUNDS ARE SUBJECT ORIENTED AND FUND PROJECTS THAT PERTAIN TO MULTIPLE COUNTRIES IN THE REGIONS SRG SERVES. EXAMPLES INCLUDE MEDIA, WOMEN AND INFRASTRUCTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Cramer Project Management | 40 | $174,750 | |
D Harriman Rd Consultant | 40 | $160,000 | |
J Latture Chairman | OfficerTrustee | 2 | $0 |
A Weigel Secretary | OfficerTrustee | 2 | $0 |
L Doll Director | Trustee | 10 | $0 |
J Birchfield Director | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rje Consulting Services Strategic Initative Consu | 12/30/22 | $177,304 |
American Bible Society Project Management Consul | 12/30/22 | $172,713 |
Ministry Desk Llc Project Management Consul | 12/30/22 | $170,886 |
Calvin Edwards & Company Rd & Mfd Services | 12/30/22 | $281,245 |
Forerunner Strategic Services Inc Strategic Services | 12/30/22 | $269,500 |
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 | $41,308,219 |
| Noncash contributions included in lines 1a–1f | $11,473,296 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,308,219 |
| Total Program Service Revenue | $0 |
| Investment income | $150,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,457,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,571,138 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $17,166,400 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,362 |
| Payroll taxes | $26,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $40,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,149 |
| Advertising and promotion | $216,319 |
| Office expenses | $76,615 |
| Information technology | $414,212 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $618,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $927,973 |
| Interest | $5,875 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,637 |
| Insurance | $67,650 |
| All other expenses | $565,302 |
| Total functional expenses | $40,349,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,324,612 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,196,336 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $120,855 |
| Net Land, buildings, and equipment | $2,389 |
| Investments—publicly traded securities | $5,242,923 |
| Investments—other securities | $275 |
| Investments—program-related | $0 |
| Intangible assets | $305,527 |
| Other assets | $5,350,000 |
| Total assets | $17,542,917 |
| Accounts payable and accrued expenses | $381,680 |
| 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 | $65,445 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,500,000 |
| Total liabilities | $1,947,125 |
| Net assets without donor restrictions | $12,895,879 |
| Net assets with donor restrictions | $2,699,913 |
| 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 | $17,542,917 |