Fmi Inc
- Assets
- $263.7k
- Revenue
- $652.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Newtown Square, PA
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 99-0255498
Organization Overview
Fmi Inc is located in Newtown Square, PA. The organization was established in 1992. 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, Fmi Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fmi 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 12/2021, Fmi Inc generated $652.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $533.3k during the year ending 12/2021. While expenses have increased by 23.0% per year over the past 5 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
SUPPORT INDIGENOUS PASTORS AND CHURCHES IN DEVELOPING COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL ASSISTANCE AND TRAINING TO INDIGENOUS PASTORS IN DEVELOPING COUNTRIES.
FINANCIAL ASSISTANCE FOR THE PURCHASE, IMPROVEMENT, AND REPAIRS OF CHURCH BUILDINGS AND PROPERTY.
FINANCIAL ASSISTANCE FOR THE PURCHASE OF EQUIPMENT AND SUPPLIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Farra Exe Director | Officer | 40 | $29,592 |
Gary Doperalski Chairman | OfficerTrustee | 2 | $0 |
Joseph P Bunn Treasurer | Officer | 5 | $0 |
Janet Farra Recording Secretary | Officer | 2 | $0 |
Mabel Todd Corp Secretary | Officer | 1 | $0 |
David Pullen Director | Trustee | 2 | $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 | $652,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $652,156 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| 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 | $652,159 |
| 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 | $256,528 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,747 |
| Compensation of current officers, directors, key employees. | $22,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,353 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,109 |
| Payroll taxes | $3,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,485 |
| Fees for services: Accounting | $6,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,467 |
| Office expenses | $10,670 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $49,415 |
| 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 | $1,422 |
| All other expenses | $0 |
| Total functional expenses | $533,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,656 |
| Savings and temporary cash investments | $179,064 |
| 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 | $1,013 |
| 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 | $263,733 |
| Accounts payable and accrued expenses | $7,697 |
| 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 | $7,697 |
| Net assets without donor restrictions | $21,777 |
| Net assets with donor restrictions | $234,259 |
| 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 | $263,733 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fmi Inc has recieved totaling $26,200.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $12,000 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: REFUGEE AID SUPPORT | $8,200 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
Word Of Life Fellowship Inc Schroon Lake, NY | $120,358,230 | $77,023,933 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |
Vision Benefits Of America Inc Suite 400 Carnegie, PA | $64,908,622 | $38,442,292 |
National Church Residences Foundation Columbus, OH | $124,164,884 | $10,642,562 |
Diakon Child Family & Community Ministries Topton, PA | $23,881,449 | $28,006,448 |
Strategic Resource Group Inc Easton, MD | $12,208,514 | $28,797,480 |
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Word Among Us Inc Frederick, MD | $22,622,798 | $15,315,908 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
Back 2 Back Ministries Inc Mason, OH | $16,341,723 | $15,736,396 |