Fmi INC EIN 99-0255498 Form 990 (PDF) Claim this org

Fmi INC

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Empowers Indigenous pastors and churches in developing nations. For fiscal year 2024 it reported $927K in revenue, $857K in expenses, and $367K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Coatesville, PA
Filings
5 on file (2020–2024)
Revenue
$927KFY2024
Expenses
$857K
Net assets
$367K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  99-0255498 Public charity (501(c)(3)) Coatesville, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers Indigenous pastors and churches in developing nations.
Leadership
Bruce Farra · Exe Director · $44K
Money in and out
$927K revenue, $857K expenses
Bottom line
86% program efficiency
Where the money goes · FY2024
Total revenue
$927K
Pt VIII · Ln 12
Total expenses
$857K
Pt IX · Ln 25
Net assets
$367K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $70K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.10 Fundraising $0.04
Program efficiency
86%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate▲ +18% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▲ +214% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$927K
FY2024▲ +18%
Expenses
$857K
FY2024▲ +3%
Total assets
$379K
FY2024▲ +24%
Total liabilities
$13K
FY2024▲ +25%
Total revenue
$927K
Pt VIII · Ln 12
Total expenses
$857K
Pt IX · Ln 25
Net assets
$367K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$70K
Total assetsPt X · Ln 16$379K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFmi INC
EINHdr · item D99-0255498
Principal addressHdr · item CCoatesville, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
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
Exe Director
$44,000Pt VII · Sec A
Recording Secretary
$5,555Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Corp Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Bruce Farra$44,000$35,400$19,944$29,592$27,217
Janet Farra$5,555$8,190$1,425

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $317K of program spending, described in the organization's own filed words · FY2024.
01

Financial assistance and training to indigenous pastors in developing countries.

$219Kprogram expense
02

Financial assistance for the purchase of equipment and supplies

$82Kprogram expense
03

Financial assistance for the purchase, improvement, and repairs of church buildings and property.

$16Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$917K · 99%
Investment income$10K · 1%
Contributions & grants99%$917K
Investment income1%$10K
Total revenueLn 12$927K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.10 Fundraising $0.04
Program services86%$741K
Management & general10%$85K
Fundraising4%$31K
Total functional expensesLn 25$857K

Balance Sheet

Part X · end of year
CashLn 1$371K
Total assetsLn 16$379K
Total liabilitiesLn 26$13K
Total net assetsLn 32$367K
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $371K · Operating expenses (Pt IX) $857K · Less non-cash grants $91K · Cash operating expenses/yr $766K
5.8 months
Where the money goes
Program services
Program services $741K · Total expenses $857K
86%
Management & General
Management & general $85K · Total expenses $857K
10%
Fundraising
Fundraising $31K · Total expenses $857K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $826K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $917K · Total revenue $927K
99%
Government reliance
Government grants — · Total revenue $927K
Earned-income share
Program service revenue $0 · Total revenue $927K
0%
Investment reliance
Investment income $10K · Total revenue $927K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $857K
0%
Growth & trend
Revenue growth (YoY)
This year $927K · Prior year $784K
+18%
Revenue CAGR
FY2020 $457K · FY2024 $927K
+19%
Net-asset trend (YoY)
End of year $367K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $927K · Expenses $857K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $379K
Net-asset ratio
Net assets $367K · Total assets $379K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $379K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bruce Farra · Reported title EXE DIRECTOR · Highest reported compensation $44K · Total expenses $857K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $278K · Total expenses $857K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 10%
Fundraising cost ratio 3%
Revenue growth 18%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2024
See all 3 funders →

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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)$927K revenue · viewing · ⤓ 990 PDF
FY2023$784K revenue · ⤓ 990 PDF
FY2022$791K revenue · ⤓ 990 PDF
FY2021$652K revenue · ⤓ 990 PDF
FY2020$457K 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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