SHABACH! Ministries Inc

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/21/2021. To update the information in this column, please email: info@ministrywatch.com

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: lrussell@smionline.org

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

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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		257 of 1022	14 of 76
Fund acquisition rating		237 of 1024	14 of 76
Resource allocation rating		683 of 1024	47 of 76
Asset utilization rating		196 of 1022	11 of 76

Financial ratios

Funding ratios	Sector median	2020	2019	2018	2017	2016
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions	9%	0%	0%	0%	3%	3%
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue	6%	0%	0%	0%	1%	1%
Contributions reliance Contributions reliance = Total contributions / Total revenue	78%	35%	26%	33%	29%	33%
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses	6%	0%	0%	0%	1%	1%
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue	22%	65%	74%	67%	71%	67%

Operating ratios	Sector median	2020	2019	2018	2017	2016
Program expense ratio Program expense ratio = Program services / Total expenses	79%	78%	87%	85%	94%	94%
Spending ratio Spending ratio = Total expenses / Total revenue	92%	97%	107%	89%	94%	91%
Program output ratio Program output ratio = Program services / Total revenue	73%	75%	93%	75%	88%	86%
Savings ratio Savings ratio = Surplus (deficit) / Total revenue	8%	3%	-7%	11%	6%	9%
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets	10%	12%	-24%	37%	29%	53%
General and admin ratio General and admin ratio = Management and general expense / Total expenses	12%	22%	13%	15%	5%	5%

Investing ratios	Sector median	2020	2019	2018	2017	2016
Total asset turnover Total asset turnover = Total expenses / Total assets	0.81	1.87	2.78	2.21	2.97	3.60
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets	2.04	1.00	1.02	1.03	1.07	1.05
Current asset turnover Current asset turnover = Total expenses / Total current assets	1.73	1.88	2.82	2.28	3.18	3.77

Liquidity ratios	Sector median	2020	2019	2018	2017	2016
Current ratio Current ratio = Total current assets / Total current liabilities	11.12	14.08	3.85	4.95	3.24	3.03
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets	0.08	0.07	0.26	0.20	0.31	0.33
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12)	5.93	5.94	3.14	4.19	2.60	2.14

Solvency ratios	Sector median	2020	2019	2018	2017	2016
Liabilities ratio Liabilities ratio = Total liabilities / Total assets	12%	43%	30%	24%	33%	37%
Debt ratio Debt ratio = Debt / Total assets	3%	34%	2%	3%	0%	0%
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses	97%	30%	25%	34%	23%	17%

Financials

Balance sheet

Assets	2020	2019	2018	2017	2016
Cash	$1,790,792	$1,256,299	$1,481,984	$990,475	$777,814
Receivables, inventories, prepaids	$15,100	$17,256	$15,384	$42,455	$24,964
Short-term investments	$0	$0	$0	$0	$0
Other current assets	$0	$0	$0	$0	$0
Total current assets	$1,805,892	$1,273,555	$1,497,368	$1,032,930	$802,778
Long-term investments	$0	$0	$0	$0	$0
Fixed assets	$2,226	$21,024	$46,917	$73,550	$36,461
Other long-term assets	$0	$0	$0	$0	$0
Total long-term assets	$2,226	$21,024	$46,917	$73,550	$36,461
Total assets	$1,808,118	$1,294,579	$1,544,285	$1,106,480	$839,239

Liabilities	2020	2019	2018	2017	2016
Payables and accrued expenses	$80,166	$229,723	$242,312	$292,493	$229,275
Other current liabilities	$48,114	$101,470	$60,041	$26,601	$35,356
Total current liabilities	$128,280	$331,193	$302,353	$319,094	$264,631
Debt	$618,343	$23,792	$42,584	$0	$0
Due to (from) affiliates	$0	$0	$0	$0	$0
Other long-term liabilities	$30,577	$30,077	$30,077	$47,356	$47,378
Total long-term liabilities	$648,920	$53,869	$72,661	$47,356	$47,378
Total liabilities	$777,200	$385,062	$375,014	$366,450	$312,009

Net assets	2020	2019	2018	2017	2016
Without donor restrictions	$1,030,918	$208,972	$501,826	$584,395	$407,525
With donor restrictions	$0	$700,545	$667,445	$155,635	$119,705
Net assets	$1,030,918	$909,517	$1,169,271	$740,030	$527,230

Revenues and expenses

Revenue	2020	2019	2018	2017	2016
Total contributions	$1,233,015	$863,319	$1,257,532	$1,024,696	$1,093,795
Program service revenue	$2,252,115	$2,507,033	$2,588,045	$2,475,245	$2,209,302
Membership dues	$0	$0	$0	$0	$0
Investment income	$3,676	$5,900	$3,044	$1,711	$1,243
Other revenue	$22,151	$0	$0	$0	$0
Total other revenue	$2,277,942	$2,512,933	$2,591,089	$2,476,956	$2,210,545
Total revenue	$3,510,957	$3,376,252	$3,848,621	$3,501,652	$3,304,340

Expenses	2020	2019	2018	2017	2016
Program services	$2,632,665	$3,123,285	$2,902,365	$3,091,521	$2,842,515
Management and general	$756,841	$473,366	$517,015	$164,442	$150,711
Fundraising	$0	$0	$0	$32,889	$30,227
Total expenses	$3,389,506	$3,596,651	$3,419,380	$3,288,852	$3,023,453

Change in net assets	2020	2019	2018	2017	2016
Surplus (deficit)	$121,451	($220,399)	$429,241	$212,800	$280,887
Other changes in net assets	$0	$0	$0	$0	$0
Total change in net assets	$121,451	($220,399)	$429,241	$212,800	$280,887

Compensation

Name	Title	Compensation
Cynthia Terry	Executive Director	$142,868

Compensation data as of: 6/30/2020

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 12/21/2021. To update the information below, please email: info@ministrywatch.com

History

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

Question	Response	Score
Does the organization have a statement of faith consistent with historic Christian creeds and is that statement of easily found on its website?	No	0/5
Does the board have no more than 2 non-independent members?	Yes	5/5
Does the board have at least four independent board members for every non-independent member?	Yes	5/5
Does the board contain between 5 and 11 members?	No	0/5
Does the organization file a Form 990 and make its Form 990 available to the public?	Yes	10/10
Does the organization make its audit or review (if annual revenue is less than $1-m) available on its website?	No	0/5
Is the organization a member of the ECFA?	No	0/10
Is the CEO/President's compensation within one standard deviation of the median compensation?	Yes	5/5
Did the organization operate at a net profit (revenue greater than expenses) in the most recent year?	Yes	5/5
Does the organization refrain from owning or leasing a private aircraft, or having fractional interest in one, that is primarily used for travel by the organization's leaders?	Yes	5/5
For the past five years, has the organization been free of any lawsuits or administrative actions filed against it by an employee, client, board member, vendor, donor, or other related party?	Yes	5/5
Are author royalties and speaking engagement fees paid to the organization, and not the individual?	Yes	5/5
Does the organization require its employees to affirm upon hiring the statement of faith of the organization?	No	0/5
Is the board chair an independent member of the board, and not the founder and/or CEO/President?	Yes	5/5
Does the board have term limits?	Yes	5/5
Have there been no public accusations of misdeeds against the organization, founder, CEO, senior pastor, or board members in the past five years?	Yes	5/5
Has the organization refrained from the use of non-disclosure agreements?	Yes	5/5
Does the organization have an overall financial efficiency rating of at least 2 stars?	Yes	5/5
Total donor confidence score		70/100