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

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating53 of 111010 of 121
Fund acquisition rating134 of 111112 of 121
Resource allocation rating151 of 111133 of 121
Asset utilization rating257 of 111025 of 121

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%1%1%2%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%1%1%1%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%97%96%98%96%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%1%1%3%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%3%4%2%4%0%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%87%89%81%95%94%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%100%108%50%89%93%
Program output ratio Program output ratio =
Program services /
Total revenue
77%87%95%40%85%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%0%-8%50%11%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%0%-18%89%54%50%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%11%10%16%5%6%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.861.752.470.853.495.57
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.761.041.001.001.001.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.791.812.470.853.495.60
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.9232.0834.2859.068.038.77
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.030.030.020.120.11
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.046.424.7213.913.011.90
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%43%3%3%19%17%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
100%33%39%115%23%15%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$1,640,930$1,309,861$1,543,424$212,074$69,483
Receivables, inventories, prepaids$5,309$5,353$8,903$0$26,065
Short-term investments$501,325$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,147,564$1,315,214$1,552,327$212,074$95,548
Long-term investments$0$0$0$0$0
Fixed assets$0$0$0$0$0
Other long-term assets$79,508$0$0$0$528
Total long-term assets$79,508$0$0$0$528
Total assets$2,227,072$1,315,214$1,552,327$212,074$96,076
 
Liabilities20222021202020192018
Payables and accrued expenses$66,947$38,372$26,285$26,398$10,895
Other current liabilities$0$0$0$0$0
Total current liabilities$66,947$38,372$26,285$26,398$10,895
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$881,629$0$15,000$13,575$5,500
Total long-term liabilities$881,629$0$15,000$13,575$5,500
Total liabilities$948,576$38,372$41,285$39,973$16,395
 
Net assets20222021202020192018
Without donor restrictions($808,134)$13,098$10,955($3,705)$79,681
With donor restrictions$2,086,630$1,263,744$1,500,087$175,806$0
Net assets$1,278,496$1,276,842$1,511,042$172,101$79,681
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$3,752,812$2,881,416$2,592,518$795,545$575,039
Program service revenue$125,610$112,204$61,049$36,063$0
Membership dues$0$0$0$0$0
Investment income$2$58$257$69$45
Other revenue$8,303$16,388$1,234$0$0
Total other revenue$133,915$128,650$62,540$36,132$45
Total revenue$3,886,727$3,010,066$2,655,058$831,677$575,084
 
Expenses20222021202020192018
Program services$3,394,608$2,871,694$1,072,345$705,816$503,794
Management and general$439,864$337,770$204,842$33,441$31,329
Fundraising$51,924$34,748$38,934$0$0
Total expenses$3,886,396$3,244,212$1,316,121$739,257$535,123
 
Change in net assets20222021202020192018
Surplus (deficit)$331($234,146)$1,338,937$92,420$39,961
Other changes in net assets$0$0$0$0$0
Total change in net assets$331($234,146)$1,338,937$92,420$39,961

Compensation

NameTitleCompensation
Chad BruneskiPresident$105,455
Stuart RempelChairman/CEO$49,357

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 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