Gospel Systems EIN 46-5148796

Gospel Systems

EIN  46-5148796 Public charity (501(c)(3)) Prosper, TX
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Size
$100K–1M
What they do
Plants churches and cares for orphans.
Leadership
Michael White · Board Member
Money in and out
$160K revenue, $192K expenses
Bottom line
100% program efficiency

Plants churches and cares for orphans. For fiscal year 2024 it reported $160K in revenue, $192K in expenses, and $48K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$160K
Pt VIII · Ln 12
Total expenses
$192K
Pt IX · Ln 25
Net assets
$48K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$32K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate▼ -12% vs prior filing year
Surplus margin
-20%
revenue over expenses, this year▲ +13% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$160K
FY2024▼ -31%
Expenses
$192K
FY2024▼ -33%
Total assets
$48K
FY2024▼ -40%
Total liabilities
$0
FY2024
Total revenue
$160K
Pt VIII · Ln 12
Total expenses
$192K
Pt IX · Ln 25
Net assets
$48K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$32K
Total assetsPt X · Ln 16$48K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $192K of program spending, described in the organization's own filed words · FY2024.
01

Care for the Poor and Vulnerable

HAITI - Funded the care of 16 orphans in the orphanage operated by our Haitian partner organization. Funded feeding programs for 600 vunerable children in eight communities. Funded education programs (teacher pay, uniforms and school supplies) in eight schools.

$107Kprogram expense
02

Leader Support

HAITI - Funded monthly training sessions for Haitian pastors and leaders. Funded the purchase of land and materials to construct a building for a church in Domond. SOUTH ASIA - Funded purchase of a ministry vehicle for a home for vulnerable girls in Raipur, India. Provided tuition assistance for vulnerable children in Raipur, India.

$61Kprogram expense
03

Church Planting & Development

HAITI - Provided monthly support for one full-time pastor in Haiti. SOUTH ASIA - Provided finanical assistance for pastors in India doing church planting and pastor training.

$25Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGospel Systems
EINHdr · item D46-5148796
Principal addressHdr · item CProsper, TX
WebsiteHdr · item Jwww.gospelsystems.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q33)
Ruling yearIRS BMFJun 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Timothy Brister’s $4K as Executive Director is at the 3rd percentile of top reported officer pay among 1638 $100K–1M international 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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Statement of Revenue

Part VIII
Contributions & grants$157K · 98%
Investment income$3K · 2%
Contributions & grants98%$157K
Investment income2%$3K
Total revenueLn 12$160K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$192K
Total functional expensesLn 25$192K

Balance Sheet

Part X · end of year
CashLn 1$48K
Total assetsLn 16$48K
Total liabilitiesLn 26$0
Total net assetsLn 32$48K
Months of cash on handcomputed3.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $48K · Operating expenses/yr $192K
3.0 months
Where the money goes
Program services
Program services $192K · Total expenses $192K
100%
Management & General
Management & general $0 · Total expenses $192K
0%
Fundraising
Fundraising $0 · Total expenses $192K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $302K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $157K · Total revenue $160K
98%
Government reliance
Government grants $0 · Total revenue $160K
0%
Earned-income share
Program service revenue $0 · Total revenue $160K
0%
Investment reliance
Investment income $3K · Total revenue $160K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $192K
0%
Growth & trend
Revenue growth (YoY)
This year $160K · Prior year $233K
-31%
Revenue CAGR
FY2020 $251K · FY2024 $160K
-11%
Net-asset trend (YoY)
End of year $48K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $160K · Expenses $192K
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $48K
Net-asset ratio
Net assets $48K · Total assets $48K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $48K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael White · Reported title Board Member · Highest reported compensation $0 · Total expenses $192K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $192K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -31%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$9K
Grants paid · 3 grants · $193K · 2020–2022
Unitemized GrantFY2021$7,891
Unitemized GrantFY2020$13,620

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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)$160K revenue · viewing · ⤓ 990 PDF
FY2023$233K revenue · ⤓ 990 PDF
FY2022$516K revenue · ⤓ 990 PDF
FY2021$248K revenue · ⤓ 990 PDF
FY2020$251K 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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