International Cooperating Ministries

The information on this page was last updated 7/13/2022. If you see errors or omissions, please email: info@ministrywatch.com


Summary

As an international Christian organization, our strategy is to reach the world for Christ effectively. Equipping local churches with the tools they need to grow allows entire nations to be blanketed with healthy churches. Also, when local churches invest their own effort and resources into each project, the result is a sense of ownership, long-term sustainability, and a greater impact for every dollar you give.


Contact information

Mailing address:
International Cooperating Ministries
1901 North Armistead Ave.
Hampton, VA 23666

Website: icm.org

Phone: (757) 827-6704

Email: icm@icm.org


Organization details

EIN: 546338714

CEO/President: Janice Rosser Allen

Chairman: Janice Rosser Allen

Board size: 6

Founder: Dois I. Rosser, Jr & Pastor Dick Woodward

Ruling year: 1993

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2019


Purpose

Our Vision: A healthy church within walking distance of everyone in the world.


Mission statement

Nurture believers and assist church growth worldwide. We do this by partnering with indigenous ministries to equip local churches with two vital resources: A permanent church building and practical discipleship tools for oral learners.


Statement of faith

International Cooperating Ministries (ICM) uses the following to express its Statement of Faith:

We believe in one eternal God, Creator and Lord of the world, Father, Son, and Holy Spirit, who governs all things according to the purpose of His will.

We believe in Jesus Christ, God's Son, who is Savior and Lord, and who gave Himself as a ransom for sinners through His death on the cross. He rose from the dead and ascended to heaven, where, as truly God and truly man, Jesus is the only mediator between God and humankind.

We believe that all people are lost sinners and cannot see the Kingdom of God except through new birth. Justification is by grace through faith in Christ alone.

We believe in the power of the Holy Spirit, the very Spirit of God, sent to bear witness of the Son. We believe in the work of God's Spirit for the individual's new birth and growth, and for the Church's constant renewal in truth, wisdom, faith, holiness, love, power, and mission.

We believe the Old and New Testament Scriptures to be the only inspired, written Word of God, infallible and without error, our guide for faith and practice.

We believe in one holy, universal, and apostolic Church. The Church's calling is to worship and witness for Jesus Christ, who is the Head, preaching the Gospel among all nations and demonstrating its commitment by compassionate service to the needs of all people.

We believe that Jesus Christ will return personally and visibly in power and glory to consummate His salvation and His judgment. God will fully manifest His Kingdom when He establishes a new heaven and a new earth in which He is glorified forever and ever.

ICM subscribes to the Lausanne Covenant.

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating450 of 103143 of 123
Fund acquisition rating966 of 1033111 of 123
Resource allocation rating351 of 103333 of 123
Asset utilization rating136 of 103118 of 123

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%13%11%11%11%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%12%11%11%11%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%100%99%100%99%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%11%12%12%11%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%0%1%0%1%2%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%87%86%85%87%87%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%115%89%96%95%94%
Program output ratio Program output ratio =
Program services /
Total revenue
78%100%76%82%82%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%-15%11%4%5%6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
10%-35%29%11%16%17%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%2%2%3%2%2%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.182.422.262.582.992.83
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.291.371.321.751.461.61
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.663.322.984.524.384.55
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
21.027.9743.9620.7431.7924.43
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.130.020.050.030.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.683.163.942.532.662.53
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%9%2%3%2%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
77%38%43%38%33%34%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,972,277$2,514,547$700,200$1,372,764$922,154
Receivables, inventories, prepaids$401,935$469,162$481,907$216,679$287,142
Short-term investments$5,728,973$6,861,945$3,920,765$4,066,687$3,169,771
Other current assets$473,934$291,337$195,015$40,157$157
Total current assets$8,577,119$10,136,991$5,297,887$5,696,287$4,379,224
Long-term investments$0$0$0$0$0
Fixed assets$1,288,514$1,232,254$1,207,073$1,209,393$1,220,701
Other long-term assets$1,906,635$1,961,539$2,782,174$1,418,467$1,437,830
Total long-term assets$3,195,149$3,193,793$3,989,247$2,627,860$2,658,531
Total assets$11,772,268$13,330,784$9,287,134$8,324,147$7,037,755
 
Liabilities20202019201820172016
Payables and accrued expenses$1,075,586$230,611$255,463$179,182$173,928
Other current liabilities$0$0$0$0$5,310
Total current liabilities$1,075,586$230,611$255,463$179,182$179,238
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2,869$16,970$31,073$0$0
Total long-term liabilities$2,869$16,970$31,073$0$0
Total liabilities$1,078,455$247,581$286,536$179,182$179,238
 
Net assets20202019201820172016
Without donor restrictions$5,346,216$8,113,112$2,639,519$4,957,403$4,529,101
With donor restrictions$5,347,597$4,970,091$6,361,079$3,187,562$2,329,416
Net assets$10,693,813$13,083,203$9,000,598$8,144,965$6,858,517
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$24,675,791$33,748,551$24,831,618$25,880,061$20,758,699
Program service revenue$346$424$766$1,063$1,220
Membership dues$0$0$0$0$0
Investment income$78,817$181,513$95,343$321,014$365,754
Other revenue$18,719$10,919$6,059$7,420($17,414)
Total other revenue$97,882$192,856$102,168$329,497$349,560
Total revenue$24,773,673$33,941,407$24,933,786$26,209,558$21,108,259
 
Expenses20202019201820172016
Program services$24,706,657$25,877,327$20,463,361$21,598,015$17,305,049
Management and general$680,511$648,784$640,709$553,667$493,779
Fundraising$3,089,644$3,658,386$2,847,475$2,771,428$2,142,456
Total expenses$28,476,812$30,184,497$23,951,545$24,923,110$19,941,284
 
Change in net assets20202019201820172016
Surplus (deficit)($3,703,139)$3,756,910$982,241$1,286,448$1,166,975
Other changes in net assets$1,313,749$325,695($126,608)$0$0
Total change in net assets($2,389,390)$4,082,605$855,633$1,286,448$1,166,975

Compensation

NameTitleCompensation
Janice R AllenPresident &$143,392
Thomas FrommackChief Progra$136,688
Charles Timothy DammonCAO$122,080
Janice H StringerCOO$119,711
James P ThompsonNat. Directo$103,277
Nicholas P LombardiVP of Discip$92,684

Compensation data as of: 12/31/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 7/13/2022. To update the information below, please email: info@ministrywatch.com


History

ICM was founded in 1986 by Dois Rosser, Jr. after hearing the incredible Bible teaching of Virginia pastor Dick Woodward.

Eager to get Woodward's unique survey of the Bible into the hands of indigenous pastors in India, Rosser set up ICM and began working with church leaders in India to translate the material into Hindi.

However, when Mr. Rosser learned that he could help congregations build their own churches for very little cost, his vision expanded. Church buildings gave Christians legitimacy in hostile cultures; devotional Bible studies produced in their heart language and distributed in audio transformed them into local evangelists. For more than 30 years, our international Christian organization has been using this cutting-edge strategy of partnering and leveraging to develop thriving churches in some of the world's least-reached mission fields.


Program accomplishments


Needs