Sozo Children

The information on this page was last updated 4/5/2023. If you see errors or omissions, please email: [email protected]


Summary

As a mission-based ministry, we serve God by serving others. By meeting the needs of children once trapped in generational poverty, we equip them mentally, physically, and spiritually to become strong leaders for Christ who will transform their communities for the next generation.


Contact information

Mailing address:
Sozo Children
4 41ST St. S
Birmingham, AL 35222

Website: sozochildren.org

Phone: (205) 208-0016

Email: [email protected]


Organization details

EIN: 274552700

CEO/President: Suzanne Owens

Chairman: Ed Caldwell

Board size: 10

Founder:

Ruling year: 2012

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2016


Purpose

All children thriving. All communities transformed.


Mission statement

Our mission at Sozo Children is to empower vulnerable children to become thriving leaders for Jesus Christ.


Statement of faith

We believe the Bible to be the inspired, infallible, ultimately authoritative Word of God.

We believe there is one God, eternally existing as Father, Son, and Holy Spirit.

We believe that the Lord Jesus Christ is deity, that He was born of a virgin, that we are redeemed by His atoning death through His shed blood, that He bodily resurrected and ascended into Heaven, and that He will come again in power and great glory.

We believe individuals are saved through a direct, personal encounter with the risen Lord, at which time they are regenerated by the Holy Spirit.

We believe individuals are saved by grace, through faith in Christ, not by our own works.

We believe in the present ministry of the Holy Spirit, by whom Christ indwells each believer enabling him to live a godly life of obedience as he reaches for maturity.

We believe the Holy Spirit unites all true believers in the Lord Jesus Christ and that together they form one body, the church.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating893 of 1077108 of 140
Fund acquisition rating730 of 107893 of 140
Resource allocation rating603 of 107865 of 140
Asset utilization rating946 of 1077122 of 140

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%8%7%12%6%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%5%4%7%4%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%58%61%58%79%80%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%6%5%7%5%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%42%39%42%21%20%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%84%86%83%80%79%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%81%83%92%80%99%
Program output ratio Program output ratio =
Program services /
Total revenue
75%68%71%77%64%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%19%17%8%20%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
15%18%16%9%28%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%9%9%9%15%16%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.150.750.771.041.151.37
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.182.172.744.965.082.88
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.641.642.125.155.823.95
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
23.9622.0811.8011.300.000.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.040.050.080.090.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.687.005.182.122.063.04
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
6%2%3%2%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
82%130%125%95%87%73%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$1,318,635$876,092$335,625$337,104$384,095
Receivables, inventories, prepaids$45,572$16,317$72,436$20,573$68,585
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,364,207$892,409$408,061$357,677$452,680
Long-term investments$0$0$0$0$0
Fixed assets$1,596,806$1,550,151$1,614,506$1,458,333$851,573
Other long-term assets$0$0$0$0$0
Total long-term assets$1,596,806$1,550,151$1,614,506$1,458,333$851,573
Total assets$2,961,013$2,442,560$2,022,567$1,816,010$1,304,253
 
Liabilities20212020201920182017
Payables and accrued expenses$61,793$53,501$36,105$0$0
Other current liabilities$0$22,109$0$0$0
Total current liabilities$61,793$75,610$36,105$0$0
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$61,793$75,610$36,105$0$0
 
Net assets20212020201920182017
Without donor restrictions$2,673,243$2,230,698$1,871,501$1,676,831$1,106,138
With donor restrictions$225,977$136,252$114,961$139,179$198,115
Net assets$2,899,220$2,366,950$1,986,462$1,816,010$1,304,253
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$1,600,409$1,384,276$1,314,303$2,055,732$1,449,634
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$1,391$5,064$1,384$3,249$369
Other revenue$1,161,863$882,761$955,311$535,984$365,445
Total other revenue$1,163,254$887,825$956,695$539,233$365,814
Total revenue$2,763,663$2,272,101$2,270,998$2,594,965$1,815,448
 
Expenses20212020201920182017
Program services$1,884,276$1,619,158$1,753,233$1,659,158$1,407,640
Management and general$211,202$178,847$194,066$309,498$281,368
Fundraising$135,915$93,608$153,247$114,552$99,434
Total expenses$2,231,393$1,891,613$2,100,546$2,083,208$1,788,442
 
Change in net assets20212020201920182017
Surplus (deficit)$532,270$380,488$170,452$511,757$27,006
Other changes in net assets$0$0$0$0$0
Total change in net assets$532,270$380,488$170,452$511,757$27,006

Compensation

NameTitleCompensation
Suzanne OwensChief Executive Officer$75,000
Cathy ThomasChief Financial Officer$70,000
Leslie FreemanChief Operating Officer$67,421

Compensation data as of: 12/31/2019


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 4/5/2023. To update the information below, please email: [email protected]


History

Sozo Children was founded on May 13, 2010, out of an urgent need to care for neglected children in Uganda. When two missionaries discovered a group of children in dire need of care-they did the only thing they knew to do. In just ten days, and with the local Ugandan Government's help, a new home was started initially providing seventeen children a roof over their heads, clean clothes, and hope for the future.


Program accomplishments


Needs