Professionals for Global Missions EIN 23-2970431 Form 990 (PDF) Claim this org

Professionals for Global Missions

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Supports and plants Christian mission projects and missionaries. For fiscal year 2024 it reported $1.5M in revenue, $1.0M in expenses, and $977K in net assets.Pt I

Type
Supporting organization · Religion
Location
Conshohocken, PA
Website
www.pgmusa.org
Filings
5 on file (2020–2024)
Revenue
$1.5MFY2024
Expenses
$1.0M
Net assets
$977K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-2970431 Supporting organization Conshohocken, PA
Form 990 (PDF)
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Size
$1–10M
What they do
Supports and plants Christian mission projects and missionaries.
Leadership
Sung K Ho · President
Money in and out
$1.5M revenue, $1.0M expenses
Bottom line
+32% net inflow
Money in and out · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$977K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $488K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Net inflow
+32%
revenue over expenses, this year▲ ×14 vs prior filing year
Pass-through gifts
100%
of revenue from contributions0% vs prior filing year
Program spending
78%
of expenses reach stated programs▼ -10% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▲ +47%
Expenses
$1.0M
FY2024▲ +2%
Total assets
$977K
FY2024▲ +100%
Total liabilities
$0
FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$977K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$488K
Total assetsPt X · Ln 16$977K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProfessionals for Global Missions
EINHdr · item D23-2970431
Principal addressHdr · item CConshohocken, PA
WebsiteHdr · item Jwww.pgmusa.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21)
Ruling yearIRS BMFOct 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Jung Il Lee’s $24K as Treasurer is at the 5th percentile of top reported officer pay among 1638 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Missionary support

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$1.5M
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$819K
Management & general22%$227K
Total functional expensesLn 25$1.0M

Balance Sheet

Part X · end of year
CashLn 1$977K
Total assetsLn 16$977K
Total liabilitiesLn 26$0
Total net assetsLn 32$977K
Months of cash on handcomputed11.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $977K · Operating expenses/yr $1.0M
11.2 months
Where the money goes
Program services
Program services $819K · Total expenses $1.0M
78%
Management & General
Management & general $227K · Total expenses $1.0M
22%
Fundraising
Fundraising $0 · Total expenses $1.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.2M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $1.5M
100%
Government reliance
Government grants — · Total revenue $1.5M
Earned-income share
Program service revenue $0 · Total revenue $1.5M
0%
Investment reliance
Investment income $0 · Total revenue $1.5M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.0M
0%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $1.0M
+47%
Revenue CAGR
FY2020 $970K · FY2024 $1.5M
+12%
Net-asset trend (YoY)
End of year $977K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.0M
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $977K
Net-asset ratio
Net assets $977K · Total assets $977K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $977K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sung K Ho · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $1.0M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $141K · Total expenses $1.0M
13%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 22%
Fundraising cost ratio 0%
Revenue growth 47%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$976K revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$970K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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