Gospelink INC

Tax-deductible

Forest, VA501(c)(3)ReligionEIN 58-2390166Revenue $4.4M in FY2020

On file with the IRSgospelink.org1134 Thomas Jefferson Rd Ste 2, 24551-2579 · Forest, VATax-exempt since Sep 1998Church — 170(b)(1)(A)(i)

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Funding and assisting national missionaries worldwide, providing short-term mission trips to work with the nationals, helping with education, spiritual training and physical needs.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 25 volunteers and 19 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$234K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $146K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$129K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.4M
Spent
$3.8M
To programs
86%
Net assets
$1.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020. IRS ruling in Sep 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $3.3M Management & general 8% · $324K Fundraising 5% · $205K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $234K paid to officers and key staff.

Part VII, Section A · reportable compensation
President and Chairman of Board
$72,500Pt VII · Sec A
Treasurer and Chief Financial Officer
$64,900Pt VII · Sec A
Director
$57,000Pt VII · Sec A
Chief Operating Officer
$39,617Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Gospelink INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports national missionaries globally with funding, training, and aid for education and physical needs.

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Provided by the organization

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3 programs · $3.3M · in their own filed words · FY2020
01

Gospelink functions as an intermediary to locate and assist national missionaries primarily through financial sponsorships. At 12/31/20, there were over 1100 preachers being sponsored in 14 countries throughout the world.

$2.7Mprogram expense
02

Gospelink assists the national missionaries through various training programs. One such program is a Bible college in Zambia which helps train the nationals. The Bible college trained over 100 students in 2020 despite the pandemic restrictions. Over 20 students graduated with their bachelors degrees. A medical clinic is also facilitated.

$455Kprogram expense
03

Gospelink endeavors to help the national missionaries with many spiritual and physical needs. One way to provide for some of these practical needs is to help them raise their own crops and livestock. A project in Malawi focuses specifically upon meeting such needs of the missionaries, orphans and widows in the area.

$158Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Gifts and grantsLn 1h$4.4M
Investment incomeLn 3$26K
Other incomeLn 4–11$8K
Money outPt IX
$3.8M
Ln 25
Programscol B$3.3M
Managementcol C$324K
Fundraisingcol D$205K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$2.0M
LiabilitiesLn 26$129K
PeoplePt VI, VII
9
listed · VII A
PaidVII A4
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.4M
Government grantsLn 1e$156K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$26K
Other incomeLn 4–11$8K
Gains on assetsLn 7$21K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$772K
SavingsLn 2$938K
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$8K
Land, buildings, equipmentLn 10c$273K
Other assetsLn 15$6K
Total assetsLn 16$2.0M
LiabilitiesLn 26$129K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 519
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.2M$1.7M
InvestmentsLn 11–13$8K
Land, buildings, equipmentLn 10c$281K$273K
Total assetsLn 16$1.5M$2.0M
LiabilitiesLn 26$145K$129K
Net assetsLn 32$1.3M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$2.7M$2.7M
Pay of current officers, directors and key staffLn 5$324K$159K$128K$36K
Other salaries and wagesLn 7$510K$233K$139K$139K
Payroll taxesLn 10$17K$8K$6K$3K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$7K$7K
Professional fundraising feesLn 11e$5K$5K
Advertising and promotionLn 12$516$62$63$391
Office expensesLn 13$70K$44K$17K$9K
Information technologyLn 14$2K$770$462$308
OccupancyLn 16$11K$5K$3K$3K
TravelLn 17$17K$8K$5K$4K
Conferences, conventions and meetingsLn 19$6K$3K$3K$593
InterestLn 20$7K$3K$2K$1K
Depreciation, depletion and amortizationLn 22$8K$4K$2K$2K
InsuranceLn 23$8K$4K$2K$2K
Other expenses (24a–d)Ln 24$127K$127K$0$0
Total functional expensesLn 25$3.8M$3.3M$324K$205K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $4.4M$3.8M$572K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $4,408,729 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,512,836$4,374,718
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $8,905$26,464
I-11 Other revenuePrior year $28,718$7,547
I-12 Total revenuePrior year $4,550,459$4,408,729
I-13 Grants and similar amounts paidPrior year $3,158,213$2,709,099
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $765,201$851,408
I-16a Professional fundraising feesPrior year $0$4,636
I-17 Other expensesPrior year $558,406$271,607
I-18 Total expensesPrior year $4,481,820$3,836,750
I-19 Revenue less expensesPrior year $68,639$571,979
Part VI · Governance 5 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,408,729 across 12 lines filed
Lines not itemized here account for $7,547 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$156,500
VIII-1f All other contributions, gifts and grants$4,218,218
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$4,374,718
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,847$5,847
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,617$20,617
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $34,011$4,408,729
Part IX · Statement of functional expenses $3,836,750 across 17 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $2,709,099$2,709,099
IX-5 Pay of current officers, directors and key staffPrograms $159,478 · Management $128,188 · Fundraising $36,351$324,017
IX-7 Other salaries and wagesPrograms $232,546 · Management $138,997 · Fundraising $138,867$510,410
IX-10 Payroll taxesPrograms $7,723 · Management $6,313 · Fundraising $2,945$16,981
IX-11b Legal feesManagement $9,049$9,049
IX-11c Accounting feesManagement $7,000$7,000
IX-11e Professional fundraising feesFundraising $4,636$4,636
IX-12 Advertising and promotionPrograms $62 · Management $63 · Fundraising $391$516
IX-13 Office expensesPrograms $44,171 · Management $16,529 · Fundraising $8,843$69,543
IX-14 Information technologyPrograms $770 · Management $462 · Fundraising $308$1,540
IX-16 OccupancyPrograms $4,964 · Management $2,979 · Fundraising $2,879$10,822
IX-17 TravelPrograms $7,590 · Management $5,331 · Fundraising $4,402$17,323
IX-19 Conferences, conventions and meetingsPrograms $2,675 · Management $2,675 · Fundraising $593$5,943
IX-20 InterestPrograms $3,312 · Management $1,987 · Fundraising $1,325$6,624
IX-22 Depreciation, depletion and amortizationPrograms $4,095 · Management $2,457 · Fundraising $1,638$8,190
IX-23 InsurancePrograms $3,936 · Management $2,362 · Fundraising $1,575$7,873
IX-24 Other expenses (24a–d)Programs $127,184 · Management $0 · Fundraising $0$127,184
IX-25 Total functional expensesPrograms $3,307,605 · Management $324,392 · Fundraising $204,753$3,836,750
Part X · Balance sheet $2,017,430 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $572,791$772,136
X-2 Savings and temporary cash investmentsStart of year $604,141$937,579
X-8 Inventories for sale or use$20,400
X-10c Land, buildings and equipment, netStart of year $281,233$273,157
X-11 Publicly traded securities$8,354
X-15 Other assetsStart of year $5,162$5,804
X-16 Total assetsStart of year $1,463,327$2,017,430
X-17 Accounts payable and accrued expensesStart of year $5,905$10,441
X-26 Total liabilitiesStart of year $145,375$129,124
X-27 Net assets without donor restrictionsStart of year $25,595$310,867
X-28 Net assets with donor restrictionsStart of year $1,292,357$1,577,439
X-32 Total net assets or fund balancesStart of year $1,317,952$1,888,306
X-33 Total liabilities and net assetsStart of year $1,463,327$2,017,430
Part XI · Reconciliation of net assets $1,888,306 net assets at year end
XI-1 Total revenue$4,408,729
XI-2 Total expenses$3,836,750
XI-3 Revenue less expenses$571,979
XI-4 Net assets at start of year$1,317,952
XI-5 Net unrealized gains (losses) on investments−$1,625
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,888,306

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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