SHABACH! Ministries Inc.

The information on this page was last updated 6/30/2023. If you see errors or omissions, please email: [email protected]


Summary

This non-profit 501(c)3 corporation founded by the First Baptist Church of Glenarden, in Landover area of Prince George's County is developing dynamic communities by "educating, engaging and empowering."

Offering superior service in early childhood development, academic achievement, and community activities, SHABACH! is committed to delivering meaningful, safe, programs that "educate, engage and empower." Driven by a spirit of excellence, SHABACH! has developed a core group of services to positively impact our surrounding community through a variety of programs to encourage growth and instill a sense of belonging.

To this end, we are committed to developing confident, capable youth and adults who are ready to assume a vital role in the changing face of Prince George's County. Since 1996, SHABACH! has delivered inspiring programs that have become models for building good character, ensuring academic achievement, and promoting community involvement for youth and adults. At SHABACH! we are continuously striving to deliver unrivaled service that teaches people to work hard, take a chance, and make a difference.


Contact information

Mailing address:
SHABACH! Ministries Inc
403 Brightseat Rd
Landover, MD 20785

Website: smionline.org

Phone: 240-532-7000

Email: [email protected]


Organization details

EIN: 521966871

CEO/President: Cynthia J. Terry

Chairman: Stephen W. Neal

Board size: 13

Founder: First Baptist Church of Glenarden

Ruling year: 1997

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

To develop dynamic communities for generations to come, by meeting the need, giving hope, and teaching to soar.


Mission statement

To empower families, individuals, youth and children through stellar education and loving engagement which cultivates exemplary character, a lifelong love of learning, and creates a healthier community for today and tomorrow.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating353 of 111344 of 121
Fund acquisition rating212 of 111420 of 121
Resource allocation rating636 of 111480 of 121
Asset utilization rating491 of 111350 of 121

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%52%70%35%26%33%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%48%30%65%74%67%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%79%79%78%87%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%87%103%97%107%89%
Program output ratio Program output ratio =
Program services /
Total revenue
77%69%81%75%93%75%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%13%-3%3%-7%11%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%21%-4%12%-24%37%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%21%21%22%13%15%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.860.951.061.872.782.21
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.761.001.001.001.021.03
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.750.951.061.882.822.28
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.587.3411.0814.083.854.95
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.140.090.070.260.20
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.1110.9310.315.943.144.19
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%30%29%43%30%24%
Debt ratio Debt ratio =
Debt /
Total assets
0%15%19%34%2%3%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
101%74%67%30%25%34%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$2,718,162$2,189,064$1,790,792$1,256,299$1,481,984
Receivables, inventories, prepaids$29,661$12,776$15,100$17,256$15,384
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,747,823$2,201,840$1,805,892$1,273,555$1,497,368
Long-term investments$0$0$0$0$0
Fixed assets$2,226$2,226$2,226$21,024$46,917
Other long-term assets$0$0$0$0$0
Total long-term assets$2,226$2,226$2,226$21,024$46,917
Total assets$2,750,049$2,204,066$1,808,118$1,294,579$1,544,285
 
Liabilities20222021202020192018
Payables and accrued expenses$326,193$150,668$80,166$229,723$242,312
Other current liabilities$48,114$48,114$48,114$101,470$60,041
Total current liabilities$374,307$198,782$128,280$331,193$302,353
Debt$413,810$413,810$618,343$23,792$42,584
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$25,603$25,603$30,577$30,077$30,077
Total long-term liabilities$439,413$439,413$648,920$53,869$72,661
Total liabilities$813,720$638,195$777,200$385,062$375,014
 
Net assets20222021202020192018
Without donor restrictions$1,936,329$1,565,871$1,030,918$208,972$501,826
With donor restrictions$0$0$0$700,545$667,445
Net assets$1,936,329$1,565,871$1,030,918$909,517$1,169,271
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$1,556,738$1,586,922$1,233,015$863,319$1,257,532
Program service revenue$1,421,409$669,691$2,252,115$2,507,033$2,588,045
Membership dues$0$0$0$0$0
Investment income$214$2,030$3,676$5,900$3,044
Other revenue$28,370$12,002$22,151$0$0
Total other revenue$1,449,993$683,723$2,277,942$2,512,933$2,591,089
Total revenue$3,006,731$2,270,645$3,510,957$3,376,252$3,848,621
 
Expenses20222021202020192018
Program services$2,063,748$1,831,228$2,632,665$3,123,285$2,902,365
Management and general$541,232$501,241$756,841$473,366$517,015
Fundraising$0$0$0$0$0
Total expenses$2,604,980$2,332,469$3,389,506$3,596,651$3,419,380
 
Change in net assets20222021202020192018
Surplus (deficit)$401,751($61,824)$121,451($220,399)$429,241
Other changes in net assets$0$0$0$0$0
Total change in net assets$401,751($61,824)$121,451($220,399)$429,241

Compensation

Compensation data for this ministry has not been collected.


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 6/30/2023. To update the information below, please email: [email protected]


History

SMI, located in Landover, Maryland, was established in 1996 as the non-profit organization of the First Baptist Church of Glenarden (FBCG).


Program accomplishments


Needs