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
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 329 of 1104 | 44 of 122 |
| Fund acquisition rating | | 203 of 1105 | 22 of 122 |
| Resource allocation rating | | 585 of 1105 | 80 of 122 |
| Asset utilization rating | | 491 of 1104 | 49 of 122 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
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 ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
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 | 75% | 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 | 4% | 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 ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.84 | 0.95 | 1.06 | 1.87 | 2.78 | 2.21 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.76 | 1.00 | 1.00 | 1.00 | 1.02 | 1.03 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 0.95 | 1.06 | 1.88 | 2.82 | 2.28 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.67 | 7.34 | 11.08 | 14.08 | 3.85 | 4.95 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.14 | 0.09 | 0.07 | 0.26 | 0.20 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.08 | 10.93 | 10.31 | 5.94 | 3.14 | 4.19 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
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 | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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).