International Cooperating Ministries

The information on this page was last updated 5/10/2023. If you see errors or omissions, please email: [email protected]


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: [email protected]


Organization details

EIN: 546338714

CEO/President: Janice Rosser Allen

Chairman: Janice Rosser Allen

Board size: 24

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

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating181 of 109126 of 144
Fund acquisition rating696 of 109494 of 145
Resource allocation rating139 of 109418 of 145
Asset utilization rating125 of 109120 of 144

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%7%12%8%8%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%7%12%8%9%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%98%98%102%103%103%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%7%11%9%9%7%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%2%2%-2%-3%-3%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%91%87%89%88%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%95%113%88%96%95%
Program output ratio Program output ratio =
Program services /
Total revenue
78%87%98%78%85%86%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%5%-13%12%4%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%14%-30%30%11%16%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%2%2%2%3%2%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.182.852.412.192.502.87
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.181.351.451.351.431.47
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.663.833.502.963.584.22
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
23.4329.4719.5142.6925.4031.57
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.030.030.050.020.040.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.773.023.253.953.222.75
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%3%9%2%3%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%6%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
77%34%38%45%39%34%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$3,249,486$1,972,277$2,514,547$700,200$1,372,764
Receivables, inventories, prepaids$278,048$401,935$469,162$1,867,407$216,679
Short-term investments$5,524,808$5,728,973$6,861,945$3,920,765$4,066,687
Other current assets$0$0$0$0$0
Total current assets$9,052,342$8,103,185$9,845,654$6,488,372$5,656,130
Long-term investments$1,597,524$1,906,635$1,961,539$1,396,674$1,418,467
Fixed assets$1,516,321$1,288,514$1,232,254$1,207,073$1,209,393
Other long-term assets$29,713$473,934$291,337$195,015$40,157
Total long-term assets$3,143,558$3,669,083$3,485,130$2,798,762$2,668,017
Total assets$12,195,900$11,772,268$13,330,784$9,287,134$8,324,147
 
Liabilities20212020201920182017
Payables and accrued expenses$307,209$415,386$230,611$255,463$179,182
Other current liabilities$0$0$0$0$0
Total current liabilities$307,209$415,386$230,611$255,463$179,182
Debt$0$660,200$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,694$2,869$16,970$31,073$0
Total long-term liabilities$1,694$663,069$16,970$31,073$0
Total liabilities$308,903$1,078,455$247,581$286,536$179,182
 
Net assets20212020201920182017
Without donor restrictions$8,513,963$5,346,216$8,113,112$2,639,519$4,957,403
With donor restrictions$3,373,034$5,347,597$4,970,091$6,361,079$3,187,562
Net assets$11,886,997$10,693,813$13,083,203$9,000,598$8,144,965
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$35,717,761$24,675,791$33,748,551$24,831,618$25,880,061
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$784,903$574,641$211,748$102,227$299,220
Other revenue($143,268)($57,512)($888,855)($728,809)($1,048,345)
Total other revenue$641,635$517,129($677,107)($626,582)($749,125)
Total revenue$36,359,396$25,192,920$33,071,444$24,205,036$25,130,936
 
Expenses20212020201920182017
Program services$31,581,057$24,705,892$25,872,485$20,462,975$21,597,720
Management and general$690,204$680,511$648,784$640,709$553,667
Fundraising$2,434,637$2,991,266$2,659,632$2,102,623$1,714,482
Total expenses$34,705,898$28,377,669$29,180,901$23,206,307$23,865,869
 
Change in net assets20212020201920182017
Surplus (deficit)$1,653,498($3,184,749)$3,890,543$998,729$1,265,067
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,653,498($3,184,749)$3,890,543$998,729$1,265,067

Compensation

NameTitleCompensation
Thomas FrommackChief Progra$157,281
Janice R AllenPresident/Ce$146,706
Janice H StringerCOO$126,653
Charles Timothy DammonCAO$126,022
Nicholas P LombardiVP of Discip$98,196

Compensation data as of: 12/31/2021


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 5/10/2023. To update the information below, please email: [email protected]


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