International Cooperating Ministries

The information on this page was last updated 4/9/2024. 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
99 Old Oyster Point Rd
Newport News , VA 23602

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

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 rating266 of 111037 of 146
Fund acquisition rating832 of 1111109 of 146
Resource allocation rating258 of 111140 of 146
Asset utilization rating100 of 111013 of 146

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%9%7%12%8%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%9%7%12%8%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%103%98%98%102%103%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%8%7%11%9%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%-3%2%2%-2%-3%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%89%91%87%89%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%104%95%113%88%96%
Program output ratio Program output ratio =
Program services /
Total revenue
82%93%87%98%78%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-4%5%-13%12%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-15%14%-30%30%11%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
8%2%2%2%2%3%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.333.452.852.412.192.50
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.241.581.351.451.351.43
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.025.463.833.502.963.58
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.8134.0929.4719.5142.6925.40
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.030.030.050.020.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.622.133.023.253.953.22
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%2%3%9%2%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%6%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
67%28%34%38%45%39%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$990,537$3,249,486$1,972,277$2,514,547$700,200
Receivables, inventories, prepaids$369,520$278,048$401,935$469,162$1,867,407
Short-term investments$5,124,297$5,524,808$5,728,973$6,861,945$3,920,765
Other current assets$0$0$0$0$0
Total current assets$6,484,354$9,052,342$8,103,185$9,845,654$6,488,372
Long-term investments$1,511,448$1,597,524$1,906,635$1,961,539$1,396,674
Fixed assets$2,147,563$1,516,321$1,288,514$1,232,254$1,207,073
Other long-term assets$127,402$29,713$473,934$291,337$195,015
Total long-term assets$3,786,413$3,143,558$3,669,083$3,485,130$2,798,762
Total assets$10,270,767$12,195,900$11,772,268$13,330,784$9,287,134
 
Liabilities20222021202020192018
Payables and accrued expenses$190,240$307,209$415,386$230,611$255,463
Other current liabilities$0$0$0$0$0
Total current liabilities$190,240$307,209$415,386$230,611$255,463
Debt$0$0$660,200$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,694$1,694$2,869$16,970$31,073
Total long-term liabilities$1,694$1,694$663,069$16,970$31,073
Total liabilities$191,934$308,903$1,078,455$247,581$286,536
 
Net assets20222021202020192018
Without donor restrictions$3,142,638$8,513,963$5,346,216$8,113,112$2,639,519
With donor restrictions$6,936,195$3,373,034$5,347,597$4,970,091$6,361,079
Net assets$10,078,833$11,886,997$10,693,813$13,083,203$9,000,598
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$34,841,644$35,717,761$24,675,791$33,748,551$24,831,618
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income($91,719)$784,903$574,641$211,748$102,227
Other revenue($841,724)($143,268)($57,512)($888,855)($728,809)
Total other revenue($933,443)$641,635$517,129($677,107)($626,582)
Total revenue$33,908,201$36,359,396$25,192,920$33,071,444$24,205,036
 
Expenses20222021202020192018
Program services$31,569,497$31,581,057$24,705,892$25,872,485$20,462,975
Management and general$846,359$690,204$680,511$648,784$640,709
Fundraising$3,002,373$2,434,637$2,991,266$2,659,632$2,102,623
Total expenses$35,418,229$34,705,898$28,377,669$29,180,901$23,206,307
 
Change in net assets20222021202020192018
Surplus (deficit)($1,510,028)$1,653,498($3,184,749)$3,890,543$998,729
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,510,028)$1,653,498($3,184,749)$3,890,543$998,729

Compensation

NameTitleCompensation
Janice R AllenPresident/Ce$171,188
Thomas FrommackChief Progra$144,843
Janice H StringerCOO$140,736
Charles T DammonCAO$136,495
Nicholas P LombardiVP of Discip$110,008
David L KingHighest Comp$102,292

Compensation data as of: 12/31/2022


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 4/9/2024. 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