Friends of the Great Commission Foundation

The information on this page was last updated 3/31/2023. If you see errors or omissions, please email: [email protected]


Summary

Friends of the Great Commission (FGC) is a registered charity with a team of skilled administrative and accounting personnel dedicated to using their talents and expertise to enable people to follow God's calling to fulfill the Great Commission of Jesus Christ. FGC is a registered 501 (c) (3) with the Internal Revenue Agency.


Contact information

Mailing address:
Friends of the Great Commission Foundation
4775 Granby Cir
Colorado Springs, CO 80919

Website: friendsgc.com

Phone: 719-428-3965

Email: [email protected]


Organization details

EIN: 465506318

CEO/President: Chad Bruneski

Chairman: Stuart Rempel

Board size: 5

Founder: Stuart Rempel

Ruling year: 2014

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2022


Purpose

To fulfill the Great Commission through collaboration.


Mission statement

To simplify ministry and mission by providing donor, administrative, and compliance expertise.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating296 of 107737 of 142
Fund acquisition rating139 of 107818 of 142
Resource allocation rating544 of 107873 of 142
Asset utilization rating524 of 107771 of 142

Financial ratios

Funding ratiosSector median2020201920182015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%2%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%1%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%98%96%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%3%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%2%4%0%0%
 
Operating ratiosSector median2020201920182015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%81%95%94%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%50%89%93%101%
Program output ratio Program output ratio =
Program services /
Total revenue
69%40%85%88%92%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%50%11%7%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
18%89%54%50%100%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%16%5%6%10%
 
Investing ratiosSector median2020201920182015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.870.853.495.573.68
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.601.001.001.011.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.640.853.495.603.68
 
Liquidity ratiosSector median2020201920182015
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.1859.068.038.770.95
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.020.120.111.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.7513.913.011.90-0.17
 
Solvency ratiosSector median2020201920182015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%3%19%17%105%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
89%115%23%15%-1%

Financials

Balance sheet
 
Assets2020201920182015
Cash$1,543,424$212,074$69,483$31,741
Receivables, inventories, prepaids$8,903$0$26,065$0
Short-term investments$0$0$0$0
Other current assets$0$0$0$0
Total current assets$1,552,327$212,074$95,548$31,741
Long-term investments$0$0$0$0
Fixed assets$0$0$0$0
Other long-term assets$0$0$528$0
Total long-term assets$0$0$528$0
Total assets$1,552,327$212,074$96,076$31,741
 
Liabilities2020201920182015
Payables and accrued expenses$26,285$26,398$10,895$33,435
Other current liabilities$0$0$0$0
Total current liabilities$26,285$26,398$10,895$33,435
Debt$0$0$0$0
Due to (from) affiliates$0$0$0$0
Other long-term liabilities$15,000$13,575$5,500$0
Total long-term liabilities$15,000$13,575$5,500$0
Total liabilities$41,285$39,973$16,395$33,435
 
Net assets2020201920182015
Without donor restrictions$10,955($3,705)$79,681$0
With donor restrictions$1,500,087$175,806$0$0
Net assets$1,511,042$172,101$79,681($1,694)
 
Revenues and expenses
 
Revenue2020201920182015
Total contributions$2,592,518$795,545$575,039$114,962
Program service revenue$61,049$36,063$0$0
Membership dues$0$0$0$0
Investment income$257$69$45$3
Other revenue$1,234$0$0$0
Total other revenue$62,540$36,132$45$3
Total revenue$2,655,058$831,677$575,084$114,965
 
Expenses2020201920182015
Program services$1,072,345$705,816$503,794$105,450
Management and general$204,842$33,441$31,329$11,209
Fundraising$38,934$0$0$0
Total expenses$1,316,121$739,257$535,123$116,659
 
Change in net assets2020201920182015
Surplus (deficit)$1,338,937$92,420$39,961($1,694)
Other changes in net assets$0$0$0$0
Total change in net assets$1,338,937$92,420$39,961($1,694)

Compensation

NameTitleCompensation
Chad BruneskiPresident$59,231
Stuart RempelChairman$47,322

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 3/31/2023. To update the information below, please email: [email protected]


History


Program accomplishments

In our five years of partnership with GCF we have been greatly served by their professional and team-oriented approach to financial administration.


Needs