Global Year

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/21/2021. To update the information in this column, please email: info@ministrywatch.com

Summary

Global Year is a ministry established to equip and mobilize young people (18-25 years old) to reach the lost with the Gospel through a year living abroad.

Contact information

Mailing address:
Global Year
507 Silver Maple Lane
Woodstock, GA 30189

Website: globalyear.org

Phone: 678-494-8228

Email: johnny@globalyear.org

Organization details

EIN: 271540951

CEO/President: Johnny Condrey

Chairman:

Board size: 0

Founder: Johnny and Natalie Condrey

Ruling year: 2010

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2020

Purpose

Our vision is to know God and make him known while equipping and mobilizing 10,000 young people to reach the nations with the gospel!

Mission statement

Our mission is to challenge students to take a year and learn a new language, immerse into a different culture, grow in their relationship with Christ and reach the nations with the gospel!

Statement of faith

We believe that all the Scriptures are verbally inspired of God, and are without error in the original writings, and they are the supreme and final authority for faith and life

We believe in one God, Creator and sustainer of the universe, who is eternally existent in three persons - Father, Son, and Holy Spirit.

We believe in the Deity of Jesus Christ, His virgin birth, sinless life, His death to pay the penalty for everyone's sins, His bodily resurrection, His exaltation at God's right hand, and His personal, imminent return.

We believe that all have sinned and are therefore guilty before God and are under His condemnation.

We believe that all who by faith receive Jesus Christ are born again of the Holy Spirit, therefore children of God and eternally saved, and that the Holy Spirit dwells within every believer to enlighten, guide, and enable the believer in life, testimony, and service. We believe that God answers the prayers of His people and meets their needs according to His purpose.

We believe that salvation is eternally secured by the finished work of Christ and the cross and by His intercessory work at the right hand of God.

We believe that God gives spiritual gifts to all believers for the building up of the body of Christ and extending His kingdom.

We believe in the bodily resurrection of the just and unjust, eternal life with Christ of the saved in heaven and the everlasting conscious punishment of the lost in hell.

We believe that all believers are called to a life of separation from all worldly and sinful practices and alliances.

We believe in the authority of the local church as the institution ordained by God to evangelize the world and disciple followers of Jesus.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.

Financial efficiency ratings

Sector: Foreign Missions

Category	Rating	Overall rank	Sector rank
Overall efficiency rating		622 of 1022	80 of 121
Fund acquisition rating		453 of 1024	60 of 121
Resource allocation rating		747 of 1024	89 of 121
Asset utilization rating		540 of 1022	66 of 121

Financial ratios

Funding ratios	Sector median	2020	2019	2018	2017	2016
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions	5%	5%	4%	4%	1%	0%
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue	5%	5%	4%	4%	1%	0%
Contributions reliance Contributions reliance = Total contributions / Total revenue	98%	100%	100%	100%	100%	100%
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses	5%	6%	4%	4%	1%	0%
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue	2%	0%	0%	0%	0%	0%

Operating ratios	Sector median	2020	2019	2018	2017	2016
Program expense ratio Program expense ratio = Program services / Total expenses	83%	79%	80%	82%	96%	90%
Spending ratio Spending ratio = Total expenses / Total revenue	95%	92%	98%	98%	89%	92%
Program output ratio Program output ratio = Program services / Total revenue	79%	72%	78%	80%	86%	83%
Savings ratio Savings ratio = Surplus (deficit) / Total revenue	5%	8%	2%	2%	11%	8%
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets	8%	10%	4%	3%	17%	15%
General and admin ratio General and admin ratio = Management and general expense / Total expenses	10%	16%	16%	14%	3%	10%

Investing ratios	Sector median	2020	2019	2018	2017	2016
Total asset turnover Total asset turnover = Total expenses / Total assets	1.21	1.10	1.64	1.58	1.46	1.78
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets	1.29	1.05	1.03	1.10	1.10	1.07
Current asset turnover Current asset turnover = Total expenses / Total current assets	1.77	1.15	1.69	1.73	1.61	1.91

Liquidity ratios	Sector median	2020	2019	2018	2017	2016
Current ratio Current ratio = Total current assets / Total current liabilities	20.97	30.80	100.79	30.16	0.00	108.44
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets	0.05	0.03	0.01	0.03	0.00	0.01
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12)	6.11	10.08	7.04	6.73	7.46	6.23

Solvency ratios	Sector median	2020	2019	2018	2017	2016
Liabilities ratio Liabilities ratio = Total liabilities / Total assets	9%	3%	1%	3%	1%	2%
Debt ratio Debt ratio = Debt / Total assets	0%	0%	0%	0%	0%	0%
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses	75%	88%	61%	62%	68%	55%

Financials

Balance sheet

Assets	2020	2019	2018	2017	2016
Cash	$535,061	$477,521	$463,399	$437,413	$392,131
Receivables, inventories, prepaids	$0	$0	$0	$0	$0
Short-term investments	$0	$0	$0	$0	$0
Other current assets	$0	$0	$0	$0	$0
Total current assets	$535,061	$477,521	$463,399	$437,413	$392,131
Long-term investments	$0	$0	$0	$0	$0
Fixed assets	$25,873	$15,197	$44,025	$44,001	$28,861
Other long-term assets	$0	$0	$0	$0	$0
Total long-term assets	$25,873	$15,197	$44,025	$44,001	$28,861
Total assets	$560,934	$492,718	$507,424	$481,414	$420,992

Liabilities	2020	2019	2018	2017	2016
Payables and accrued expenses	$17,372	$4,738	$15,367	$0	$3,616
Other current liabilities	$0	$0	$0	$0	$0
Total current liabilities	$17,372	$4,738	$15,367	$0	$3,616
Debt	$0	$0	$0	$0	$0
Due to (from) affiliates	$0	$0	$0	$0	$0
Other long-term liabilities	$0	$0	$0	$3,028	$3,905
Total long-term liabilities	$0	$0	$0	$3,028	$3,905
Total liabilities	$17,372	$4,738	$15,367	$3,028	$7,521

Net assets	2020	2019	2018	2017	2016
Without donor restrictions	$0	$0	$0	$0	$0
With donor restrictions	$0	$0	$0	$0	$0
Net assets	$543,562	$487,980	$492,057	$478,386	$413,471

Revenues and expenses

Revenue	2020	2019	2018	2017	2016
Total contributions	$670,834	$824,024	$812,311	$786,478	$810,204
Program service revenue	$0	$0	$0	$0	$1,330
Membership dues	$0	$0	$0	$0	$0
Investment income	$1,192	$2,366	$734	$126	$204
Other revenue	$0	$0	$0	$77	$0
Total other revenue	$1,192	$2,366	$734	$203	$1,534
Total revenue	$672,026	$826,390	$813,045	$786,681	$811,738

Expenses	2020	2019	2018	2017	2016
Program services	$484,075	$646,852	$651,747	$674,728	$673,482
Management and general	$97,825	$127,369	$112,945	$22,569	$74,341
Fundraising	$34,544	$32,149	$34,682	$6,469	$0
Total expenses	$616,444	$806,370	$799,374	$703,766	$747,823

Change in net assets	2020	2019	2018	2017	2016
Surplus (deficit)	$55,582	$20,020	$13,671	$82,915	$63,915
Other changes in net assets	$0	$0	$0	$0	$0
Total change in net assets	$55,582	$20,020	$13,671	$82,915	$63,915

Compensation

Name	Title	Compensation
Johnny Condrey	Executive Dir.	$90,860
Taylor Condrey	Director	$12,875

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 10/21/2021. To update the information below, please email: info@ministrywatch.com

Question	Response	Score
Does the organization have a statement of faith consistent with historic Christian creeds and is that statement of easily found on its website?	Yes	5/5
Does the board have no more than 2 non-independent members?	Yes	5/5
Does the board have at least four independent board members for every non-independent member?	Yes	5/5
Does the board contain between 5 and 11 members?	Yes	5/5
Does the organization file a Form 990 and make its Form 990 available to the public?	Yes	10/10
Does the organization make its audit or review (if annual revenue is less than $1-m) available on its website?	No	0/5
Is the organization a member of the ECFA?	Yes	10/10
Is the CEO/President's compensation within one standard deviation of the median compensation?	Yes	5/5
Did the organization operate at a net profit (revenue greater than expenses) in the most recent year?	Yes	5/5
Does the organization refrain from owning or leasing a private aircraft, or having fractional interest in one, that is primarily used for travel by the organization's leaders?	Yes	5/5
For the past five years, has the organization been free of any lawsuits or administrative actions filed against it by an employee, client, board member, vendor, donor, or other related party?	Yes	5/5
Are author royalties and speaking engagement fees paid to the organization, and not the individual?	Yes	5/5
Does the organization require its employees to affirm upon hiring the statement of faith of the organization?	Yes	5/5
Is the board chair an independent member of the board, and not the founder and/or CEO/President?	No	0/5
Does the board have term limits?	Yes	5/5
Have there been no public accusations of misdeeds against the organization, founder, CEO, senior pastor, or board members in the past five years?	Yes	5/5
Has the organization refrained from the use of non-disclosure agreements?	Yes	5/5
Does the organization have an overall financial efficiency rating of at least 2 stars?	Yes	5/5
Total donor confidence score		90/100