Nicaragua Baptist Missions
- Assets
- $55.1k
- Revenue
- $450.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fredericksburg, VA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 45-5321119
Organization Overview
Nicaragua Baptist Missions is located in Fredericksburg, VA. The organization was established in 2014. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., 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. Nicaragua Baptist Missions 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, Nicaragua Baptist Missions generated $450.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $572.0k during the year ending 12/2021. While expenses have increased by 33.5% 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
THE PRIMARY PURPOSE OF NBM IS TO CONTINUE THE INDIGENOUS MISSION WORK BEGUN BY DR. BOB DAYTON IN THE COUNTRY OF NICARAGUA. THE DESIRE OF NBM IS TO COME ALONGSIDE THE NICARAGUAN PEOPLE TO GUIDE AND PROVIDE SUPPORT LEADERSHIP, ALWAYS WITH THE OBJECTIVE TO GROW THEM AS LEADERS OF THEIR OWN PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY FOCUS OF NBM IS TO SUPPORT THE INTERNATIONAL BIBLE INSTITUTE OF NICARAGUA (IBIN) THROUGH FINANCIAL SUPPORT AND MANAGEMENT INPUT. THE FINANCIAL SUPPORT IS USED TO PROVIDE LOVE OFFERINGS TO THE PASTORS THAT TEACH AT THE INSTITUTE AS WELL AS PROVIDE FOOD AND LIVING ARRANGEMENTS FOR THE STUDENTS.
NBM USES THE SERVICES OF A STAFF EVANGELIST TO ACT AS A LIAISON BETWEEN NICARAGUAN PASTORS AND NON-SPANISH SPEAKING MEMBERS OF NBM. ADDITIONALLY, THE STAFF EVANGELIST PROVIDES DIRECT COMMUNICATION TO THE PASTORS AND CHURCH PLANTERS ENCOURAGING THEM AND HELPING THEM GROW THEIR INDIVIDUAL MINISTRIES, AS WELL AS PROVIDING EDUCATIONAL TEACHING VIA RECORDED VIDEOS.
NBM SUPPORTS ALMOST TWENTY INDIVIDUAL CHURCH PLANTS IN DIFFERENT PARTS OF NICARAGUA AND GUATEMALA. THE IDEA OF THE CHURCH PLANT SUPPORT IS TO HELP THE PASTOR AND CHURCH DURING THE INITIAL YEARS OF GROWTH UNTIL THE CHURCH GROWS TO A POINT OF BEING ABLE TO SUPPORT THE PASTOR WITH NO OUTSIDE SUPPORT. EACH CHURCH PLANT HAS DIFFERENT NEEDS THEREFORE THE FINANCIAL SUPPORT IS CUSTOMIZED TO MEET THE NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Montalvo Sanchez Staff Evangelist | Officer | 20 | $0 |
Michael Reid Secretary | Officer | 1 | $0 |
Gregory Keene Treasurer | Officer | 4 | $0 |
Mark Manning Director | Trustee | 2 | $0 |
Kenneth Van Hoven Executive Director | Trustee | 10 | $0 |
Robert Dayton Vice President | 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 | $450,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,754 |
| 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 | $450,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $36,297 |
| Grants and other assistance to Foreign Orgs/Individuals | $516,762 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $675 |
| Advertising and promotion | $0 |
| Office expenses | $3,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $14,188 |
| Total functional expenses | $571,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,389 |
| Savings and temporary cash investments | $7,698 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,087 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $55,087 |
| Net assets with donor restrictions | $0 |
| 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 | $55,087 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nicaragua Baptist Missions has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Bountiful Plant Ministries Orange, VA PURPOSE: GENERAL PURPOSE OF THE DONEE | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Help Forest, VA | $11,135,096 | $40,493,708 |
Corporate Chaplains Of America Inc Wake Forest, NC | $14,993,771 | $19,711,827 |
Choice Books Of Northern Virginia Inc Bristow, VA | $30,496,266 | $18,835,763 |
Joint Aid Management Washington, DC | $746,764 | $14,702,645 |
Reaching Unreached Nations Inc Virginia Beach, VA | $5,800,346 | $15,911,313 |
Precept Ministries Of Reach Out Inc Chattanooga, TN | $10,987,140 | $15,669,576 |
Lake Junaluska Assembly Inc Lake Junaluska, NC | $31,377,440 | $12,754,761 |
Holy Angels Inc Belmont, NC | $12,927,862 | $9,334,354 |
Physician Assistant Education Association Washington, DC | $20,449,567 | $13,289,693 |
Joshua Fund McLean, VA | $5,014,805 | $7,059,858 |
Proverbs 31 Ministry Inc Matthews, NC | $13,247,275 | $7,018,606 |
Sojourners Washington, DC | $8,156,798 | $7,188,761 |