Gospel Projects
- Assets
- $3.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-1679070
Organization Overview
Gospel Projects is located in Washington, DC. The organization was established in 2015. 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, Gospel Projects employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gospel Projects 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, Gospel Projects generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. 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 MISSION OF GOSPEL PROJECTS IS TO PROMOTE AND TEACH THE GOSPEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES ARE PLANNED AND CONDUCTED THROUGH TWO MAIN ENDEAVORS: T4G AND CROSS. T4G: TRAINING PASTORS AND CHURCH LEADERS TO BE STRONG CHRIST BASED LEADERS. PLANNING FOR OUR LAST CONFERENCE IN 2022 UNDER PROGRESS. CROSS: TRAINING 18-25 YEAR-OLDS TO TAKE THE GOOD NEWS OF JESUS CHRIST TO ALL UNREACHED PEOPLE OF THE WORLD. OUR CROSS CON21 CONFERENCE WAS HELD IN DECEMBER 2021 WITH OVER 5,000 IN ATTENDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed 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 | $386,406 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,406 |
| Total Program Service Revenue | $2,934,059 |
| Investment income | $1,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,036 |
| 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 | $3,331,583 |
| 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. | $502,065 |
| Compensation of current officers, directors, key employees. | $502,065 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,932 |
| Pension plan accruals and contributions | $10,668 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $90,098 |
| Fees for services: Legal | $14,552 |
| Fees for services: Accounting | $4,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $129,774 |
| Office expenses | $84,333 |
| Information technology | $26,173 |
| Royalties | $0 |
| Occupancy | $25,729 |
| Travel | $40,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $368,874 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,771,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,657,924 |
| 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 | $3,657,924 |
| 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 | $3,657,924 |
| 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 | $3,657,924 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gospel Projects has recieved totaling $41,500.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $41,500 |
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Damien Ministries Inc Washington, DC | $733,229 | $3,060,205 |