Hosanna
- Assets
- $73.4m
- Revenue
- $41.5m
- Investments
- $0.0
- Employees
- 180
- Location
- Albuquerque, NM
- Founding
- 08/1973
- Data as of
- 03/2024
- EIN
- 85-0223225
Organization Overview
Hosanna, operating under the name Faith Comes By Hearing, is located in Albuquerque, NM. The organization was established in 1973. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 03/2024, Faith Comes By Hearing employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Comes By Hearing 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 03/2024, Faith Comes By Hearing generated $41.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $34.2m during the year ending 03/2024. While expenses have increased by 6.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO RECORD & PROVIDE THE WORD OF GOD IN EVERY TRANSLATED LANGUAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAITH COMES BY HEARING(FCBH) BIBLE ENGAGEMENT PROGRAMS WORLDWIDE: FOR THE FISCAL YEAR ENDED MARCH 31, 2024, HOSANNA BEGAN 259,501 NEW LISTENING PROJECTS IN OVER 80 COUNTRIES, WITH APPROXIMATELY 23,355,000 NEW LISTENERS HEARING THE ENTIRE NEW TESTAMENT IN THEIR INDIGENOUS LANGUAGE. EACH CHURCH OR GROUP WAS GIVEN A FREE AUDIO NEW TESTAMENT IN THEIR INDIGENOUS TONGUE AND LISTENED AT LEAST ONCE A WEEK FOR 30 MINUTES. SOME 211,470 OF THESE GROUPS RECEIVED PROCLAIMER UNITS. THE PROCLAIMER IS A DEDICATED AUDIO PLAYER CONTAINING A DRAMATIZED RECORDING OF THE NEW TESTAMENT IN A TRANSLATED INDIGENOUS LANGUAGE. WITH NO MOVING PARTS TO THE PLAYBACK MECHANISM, IT IS PRACTICALLY INDESTRUCTIBLE, AND PLAYS FOR HOURS AT A TIME. IT CAN RUN ON RECHARGEABLE BATTERIES, SOLAR POWER, HAND-CRANK OR AC ADAPTER.
DURING THE YEAR ENDED MARCH 31, 2024, 454 AUDIO RECORDINGS WERE COMPLETED WITH 274 NEW LANGUAGES, BRINGING THE TOTAL NUMBER OF LANGUAGES WITH A COMPLETE AUDIO NEW TESTAMENT TO 2,059 LANGUAGES SPOKEN IN 190 COUNTRIES BY OVER 7.0 BILLION PEOPLE. HOSANNA ALSO HAD 118 RECORDINGS IN FINAL MASTERING AND EDITING, AND 61 RECORDINGS INPROCESS AT YEAR-END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Jackson President/ce | OfficerTrustee | 40 | $104,616 |
Clay Jackson Coo/vp | OfficerTrustee | 40 | $121,063 |
Janet Lloyd Exec. Relati | OfficerTrustee | 40 | $82,477 |
Morgan Jackson Senior VP | Officer | 40 | $152,033 |
Melvin Morris CFO | Officer | 40 | $120,412 |
Susan Olguin Cdo | Officer | 40 | $121,870 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
2 Sparrows Manufacturing Audio Bible Lis | 3/30/24 | $7,929,509 |
Top Orient Enterprise Audio Bible Lis | 3/30/24 | $3,012,306 |
The Word For The World Audio Recording | 3/30/24 | $1,973,598 |
Hiq0 Solutions Programming Ser | 3/30/24 | $1,700,143 |
Fullstack Labs Programming Ser | 3/30/24 | $845,932 |
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 | $38,819,698 |
| Noncash contributions included in lines 1a–1f | $4,309,024 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,819,698 |
| Total Program Service Revenue | $0 |
| Investment income | $610,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,047 |
| Net Income from Fundraising Events | $2,078,779 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,343 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,533,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,330 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,210,178 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $845,510 |
| Compensation of current officers, directors, key employees. | $118,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,307,496 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,675,649 |
| Payroll taxes | $667,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,860 |
| Fees for services: Accounting | $12,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $53,368 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $846,000 |
| Advertising and promotion | $3,157,601 |
| Office expenses | $35,181 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $543,572 |
| Travel | $293,688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,147,023 |
| Insurance | $31,656 |
| All other expenses | $0 |
| Total functional expenses | $34,217,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,388,503 |
| Pledges and grants receivable | $383,655 |
| Accounts receivable, net | $76,824 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,742,614 |
| Prepaid expenses and deferred charges | $279,811 |
| Net Land, buildings, and equipment | $3,433,581 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,051,834 |
| Total assets | $73,356,822 |
| Accounts payable and accrued expenses | $2,618,199 |
| 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 | $2,618,199 |
| Net assets without donor restrictions | $66,273,471 |
| Net assets with donor restrictions | $4,465,152 |
| 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 | $73,356,822 |