Gospelink Inc
- Assets
- $2.0m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Lynchburg, VA
- Founding
- 09/1998
- Data as of
- 12/2020
- EIN
- 58-2390166
Organization Overview
Gospelink Inc is located in Lynchburg, VA. The organization was established in 1998. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2020, Gospelink Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gospelink 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 12/2020, Gospelink Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $3.8m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING AND ASSISTING NATIONAL MISSIONARIES WORLDWIDE, PROVIDING SHORT-TERM MISSION TRIPS TO WORK WITH THE NATIONALS, HELPING WITH EDUCATION, SPIRITUAL TRAINING AND PHYSICAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOSPELINK FUNCTIONS AS AN INTERMEDIARY TO LOCATE AND ASSIST NATIONAL MISSIONARIES PRIMARILY THROUGH FINANCIAL SPONSORSHIPS. AT 12/31/20, THERE WERE OVER 1100 PREACHERS BEING SPONSORED IN 14 COUNTRIES THROUGHOUT THE WORLD.
GOSPELINK PROVIDES SHORT TERM MISSION TRIPS FOR INDIVIDUALS TO WORK WITH THE NATIONAL MISSIONARIES AND ASSIST WITH VARIOUS MINISTRY OPPORTUNITIES. DUE THE PANDEMIC RESTRICTIONS, ONLY A FEW INDIVIDUALS PARTICIPATED IN THE TRIPS IN 2020.
GOSPELINK ENDEAVORS TO HELP THE NATIONAL MISSIONARIES WITH MANY SPIRITUAL AND PHYSICAL NEEDS. ONE WAY TO PROVIDE FOR SOME OF THESE PRACTICAL NEEDS IS TO HELP THEM RAISE THEIR OWN CROPS AND LIVESTOCK. A PROJECT IN MALAWI FOCUSES SPECIFICALLY UPON MEETING SUCH NEEDS OF THE MISSIONARIES, ORPHANS AND WIDOWS IN THE AREA.
GOSPELINK ASSISTS THE NATIONAL MISSIONARIES THROUGH VARIOUS TRAINING PROGRAMS. ONE SUCH PROGRAM IS A BIBLE COLLEGE IN ZAMBIA WHICH HELPS TRAIN THE NATIONALS. THE BIBLE COLLEGE TRAINED OVER 100 STUDENTS IN 2020 DESPITE THE PANDEMIC RESTRICTIONS. OVER 20 STUDENTS GRADUATED WITH THEIR BACHELORS DEGREES. A MEDICAL CLINIC IS ALSO FACILITATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Nelms President And Chairman Of Board | Officer | 40 | $72,500 |
Lewis Nelms Director | OfficerTrustee | 25 | $57,000 |
Charles Pace Treasurer And Chief Financial Officer | Officer | 40 | $64,900 |
Ron Redlinger Chief Operating Officer | Officer | 40 | $39,617 |
Cliff Morris Secretary | OfficerTrustee | 2 | $0 |
Paul Wilson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,218,218 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,374,718 |
| Total Program Service Revenue | $0 |
| Investment income | $5,847 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,617 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,408,729 |
| 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 | $2,709,099 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $324,017 |
| Compensation of current officers, directors, key employees. | $128,188 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $510,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,049 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,636 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $516 |
| Office expenses | $69,543 |
| Information technology | $1,540 |
| Royalties | $0 |
| Occupancy | $10,822 |
| Travel | $17,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,943 |
| Interest | $6,624 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,190 |
| Insurance | $7,873 |
| All other expenses | $0 |
| Total functional expenses | $3,836,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $772,136 |
| Savings and temporary cash investments | $937,579 |
| 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 | $20,400 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $273,157 |
| Investments—publicly traded securities | $8,354 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,804 |
| Total assets | $2,017,430 |
| Accounts payable and accrued expenses | $10,441 |
| 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 | $118,683 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $129,124 |
| Net assets without donor restrictions | $310,867 |
| Net assets with donor restrictions | $1,577,439 |
| 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 | $2,017,430 |