Friends Of Agape Inc
- Assets
- $4.2m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 08/2013
- Data as of
- 03/2022
- EIN
- 46-2853104
Organization Overview
Friends Of Agape Inc is located in Colorado Springs, CO. The organization was established in 2013. 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. Friends Of Agape 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 03/2022, Friends Of Agape Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $4.6m during the year ending 03/2022. While expenses have increased by 23.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHING CHURCHES, TRAINING, BIBLE TRANSLATION, SERVING THE POOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENGAGING THE SCRIPTURE-LESS. WE HELP SUPPORT CHURCH-BASED TECHNOLOGICALLY ASSISTED BIBLE TRANSLATION TEAMS WORKING IN MORE THAN 140 LANGUAGES OF NORTH INDIA AND NEPAL.
EQUIPPING LEADERS: OPERATION AGAPE AND ASSOCIATED MINISTRIES HELP TO PROVIDE ANNUAL TRAINING FOR MORE THAN 100,000 NEW FOLLOWERS OF JESUS CHRIST AND TO HOUSE CHURCH LEADERS AND CHURCH PLANTING COORDINATORS.
ESTABLISHING CHRISTIAN CHURCHES. WE HELP TO PROVIDE ANNUAL SUPPORT FOR MORE THAN 1,000 CHURCH PLANTING COORDINATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Koeniger Board Secretary | OfficerTrustee | 3 | $0 |
Harold Overstreet Board Chairman | OfficerTrustee | 3 | $0 |
Joel Addink Treasurer | Officer | 3 | $0 |
Stephen Hoffman Executive Director | Officer | 25 | $0 |
Ken Axt Board Member | Trustee | 3 | $0 |
Rosamma Finney Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Name Withheld Due To Security Conce Translation Coordination | 3/30/22 | $1,189,447 |
Hope Communications Management Services | 3/30/22 | $112,552 |
Global Tech Leadership Bible Translation Donor Partnership | 3/30/22 | $111,000 |
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 | $6,439,509 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,439,509 |
| Total Program Service Revenue | $75,000 |
| Investment income | $5,106 |
| 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 | $6,519,615 |
| 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 | $2,804,438 |
| 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 | $117,836 |
| 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 | $28,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,567,328 |
| Advertising and promotion | $0 |
| Office expenses | $43,782 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $57,211 |
| 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 | $989 |
| Insurance | $1,149 |
| All other expenses | $7,772 |
| Total functional expenses | $4,628,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,840,971 |
| Savings and temporary cash investments | $2,264,378 |
| Pledges and grants receivable | $90,018 |
| Accounts receivable, net | $880 |
| 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 | $4,196,247 |
| Accounts payable and accrued expenses | $33,920 |
| 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 | $33,920 |
| Net assets without donor restrictions | $258,213 |
| Net assets with donor restrictions | $3,904,114 |
| 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 | $4,196,247 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Friends Of Agape Inc has recieved totaling $2,306,329.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $1,068,890 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $697,914 |
American Bible Society Philadelphia, PA PURPOSE: PROGRAM SERVICES | $372,377 |
Finishing Fund Management Inc Prospect, KY PURPOSE: PROJECT SUPPORT | $113,334 |
Herm And Shirley Geers Foundation Kewadin, MI PURPOSE: TO HELP CHRISTIANS SERVING IN CHALLENGING PLACES AROUND THE WORLD. | $20,000 |
National Christian Charitable Foundation Inc Fort Mill, SC PURPOSE: COMMUNITY SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Ministries Clinic Inc Newton, KS | $19,446,224 | $22,871,961 |
Foundation For A Christian Civilization Inc Rossville, KS | $19,284,785 | $19,952,584 |
Neighborhood Ministries Inc Phoenix, AZ | $8,839,353 | $14,695,989 |
Community Bible Study Colorado Springs, CO | $19,076,306 | $12,975,441 |
Cadence International Englewood, CO | $9,762,190 | $12,602,895 |
Youth For Christ International Ministries Englewood, CO | $7,359,781 | $13,249,220 |
Restore Hope Ministries Inc Tulsa, OK | $8,417,745 | $10,753,534 |
Les Feldick Ministries Kinta, OK | $8,711,680 | $12,215,004 |
Summit Ministries Inc Manitou Springs, CO | $15,859,073 | $12,358,452 |
Glorieta 2-0 Inc Glorieta, NM | $10,000,063 | $8,243,412 |
India Transformed Denver, CO | $8,662,864 | $16,064,070 |
Messenger International Inc Palmer Lake, CO | $6,208,879 | $7,054,114 |