What Matters Ministries and Missions 
The information on this page was last updated 12/3/2024. If you see errors or omissions, please email: [email protected]
Summary
What Matters Ministries and Missions is a partner-based, non-profit organization.
Contact information
Mailing address:
What Matters Ministries and Missions
PO Box 62820
Colorado Springs, CO 80962
Website: whatmattersmm.org
Phone: 719-495-9494
Email: [email protected]
Organization details
EIN: 841414003
CEO/President: Pastor Ivan Tait
Chairman: Ivan Tait
Board size: 5
Founder: Ivan & Kimberly Tait
Ruling year: 1998
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2019
Purpose
Our vision is to impact and change the global crisis of forgotten, abused, and discarded children and widows in developing countries by providing self-esteem and value through education, housing, food, and health care.
Mission statement
Our children are rescued from sex-trafficking, violent abuse, malnutrition and neglect. They walk through our gates into healing, health, hope, and abundance. We are Turning Orphans Into Royalty.
Statement of faith
We believe the Bible to be the inspired, the only infallible, authoritative Word of God.
We believe that there is one God, eternally existent in three Persons: Father, Son, and Holy Spirit.
We believe in the deity and humanity of Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, in His present rule as Head of the Church, and in His personal return of power and glory.
We believe that salvation for all men and women comes only through spiritual rebirth through faith in Jesus Christ.
We believe in the present ministry of the Holy Spirit, Whose indwelling empowers the Christian to live a life that glorifies God.
We believe in the resurrection of both the saved and the lost, those who are saved into the resurrection of life, and those who are lost into damnation.
We believe in the spiritual unity of believers in our Lord Jesus Christ, with equality across racial, gender, and class differences.
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Foreign Missions
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 111 of 1107 | 13 of 125 |
| Fund acquisition rating | | 308 of 1108 | 42 of 125 |
| Resource allocation rating | | 323 of 1108 | 33 of 125 |
| Asset utilization rating | | 143 of 1107 | 18 of 125 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 5% | 3% | 4% | 4% | 4% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 3% | 3% | 3% | 4% | 5% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 91% | 89% | 90% | 93% | 96% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 3% | 4% | 4% | 4% | 5% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 9% | 11% | 10% | 7% | 4% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 90% | 89% | 87% | 87% | 84% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 91% | 93% | 93% | 100% | 106% |
Program output ratio Program output ratio = Program services / Total revenue | 84% | 82% | 83% | 82% | 87% | 89% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | 9% | 7% | 7% | 0% | -6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | 40% | 41% | 57% | 2% | -106% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 7% | 7% | 9% | 9% | 11% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.38 | 4.08 | 5.68 | 7.58 | 17.33 | 15.08 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.30 | 1.06 | 1.15 | 1.09 | 1.12 | 1.13 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.35 | 4.31 | 6.50 | 8.24 | 19.47 | 17.03 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 18.20 | 0.00 | 0.00 | 0.00 | 4.61 | 4.74 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.05 | 0.00 | 0.00 | 0.00 | 0.22 | 0.21 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.83 | 2.79 | 1.85 | 1.46 | 0.48 | 0.56 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 4% | 2% | 7% | 19% | 19% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 62% | 23% | 17% | 12% | 5% | 5% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $914,388 | $492,764 | $320,100 | $153,563 | $148,762 |
| Receivables, inventories, prepaids | $0 | $0 | $0 | $0 | $0 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $914,388 | $492,764 | $320,100 | $153,563 | $148,762 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $52,135 | $71,512 | $27,941 | $18,943 | $19,231 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $52,135 | $71,512 | $27,941 | $18,943 | $19,231 |
| Total assets | $966,523 | $564,276 | $348,041 | $172,506 | $167,993 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $0 | $0 | $0 | $33,306 | $31,407 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $0 | $0 | $0 | $33,306 | $31,407 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $42,648 | $12,667 | $25,052 | $0 | $0 |
| Total long-term liabilities | $42,648 | $12,667 | $25,052 | $0 | $0 |
| Total liabilities | $42,648 | $12,667 | $25,052 | $33,306 | $31,407 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $0 | $0 | $0 | $0 | $0 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $923,875 | $551,609 | $322,989 | $139,200 | $136,586 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $3,916,154 | $3,063,081 | $2,533,925 | $2,783,013 | $2,298,695 |
| Program service revenue | $323,191 | $316,387 | $244,804 | $138,144 | $4,000 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $71,594 | $51,813 | $42,269 | $70,620 | $85,509 |
| Total other revenue | $394,785 | $368,200 | $287,073 | $208,764 | $89,509 |
| Total revenue | $4,310,939 | $3,431,281 | $2,820,998 | $2,991,777 | $2,388,204 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $3,543,985 | $2,853,000 | $2,303,317 | $2,607,213 | $2,130,089 |
| Management and general | $263,125 | $233,105 | $239,292 | $270,351 | $286,114 |
| Fundraising | $131,563 | $116,556 | $94,600 | $111,599 | $116,730 |
| Total expenses | $3,938,673 | $3,202,661 | $2,637,209 | $2,989,163 | $2,532,933 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $372,266 | $228,620 | $183,789 | $2,614 | ($144,729) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $372,266 | $228,620 | $183,789 | $2,614 | ($144,729) |
Compensation
| Name | Title | Compensation |
| John Ivan Tait | President | $142,621 |
| Kimberly Tait | Vice President | $77,981 |
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 12/3/2024. To update the information below, please email: [email protected]