Global Heart Ministries Inc
- Assets
- $330.0k
- Revenue
- $790.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Plano, TX
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 26-3839530
Organization Overview
Global Heart Ministries Inc is located in Plano, TX. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Global Heart Ministries Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Heart Ministries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Global Heart Ministries Inc generated $790.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE LEVERAGE INNOVATIVE TECHNOLOGIES TO SPREAD THE MESSAGE OF CHRIST ACROSS CENTRAL ASIA AND MIDDLE EAST. WE GIVE CREATIVE ACCESS TO JESUS THROUGH DIGITAL MEDIA, FAITH-BUILDING RESOURCES AND CONNECTION TO A LOCAL CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER THE PAST YEAR, WEVE EXPANDED OUR ABILITY TO WALK ALONGSIDE PEOPLE IN THE DISCIPLESHIP PROCESS. OUR FOLLOW-UP STRATEGY ALLOWS US TO TRACK INDIVIDUALS FROM THE FIRST TIME THEY HEAR THE GOSPEL ALL THE WAY TO CONNECTING WITH A LOCAL CHURCH, PRACTICING SPRITUAL DISCIPLINES AND TELLING OTHERS ABOUT JESUS. GHM IMPACT IN 2023 5,850,681 VIEWS OF OUR CHRISTIAN CONTENT, 4,585 CONNECTIONS TO A LOCAL CHURCH, 541 BIBLES DELIVERED, AND 49 SALVATION TESTIMONIES OF INDIVIDUALS PERSONALLY CONFIRMING THEIR FAITH IN JESUS WITH STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Sharp President/ceo/founder | OfficerTrustee | 40 | $73,388 |
Mahliyo Saydometov Director Of Missions | 40 | $100,500 | |
Steve Gandara Board Chair | Trustee | 2 | $0 |
Chris Walker Finance Committee Chair | Trustee | 2 | $0 |
Jim Winblood Development Committee Chair | Trustee | 2 | $0 |
Kevin Hunter Communications Committee Chair | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ethno Consulting Llc Technology Partner Fee | 12/30/21 | $169,500 |
Unite Life Fundraising $50,200; Ministry Support $143,800 | 12/30/21 | $194,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $619,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $619,893 |
| Total Program Service Revenue | $0 |
| Investment income | $823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $169,693 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $790,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $129,056 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,418 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $403,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,831 |
| Fees for services: Management | $41,977 |
| Fees for services: Legal | $536 |
| Fees for services: Accounting | $30,712 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $75,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,435 |
| Advertising and promotion | $17,689 |
| Office expenses | $32,409 |
| Information technology | $19,127 |
| Royalties | $0 |
| Occupancy | $37,174 |
| Travel | $30,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $649 |
| Insurance | $2,962 |
| All other expenses | $0 |
| Total functional expenses | $1,071,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,890 |
| Savings and temporary cash investments | $191,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $195 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,460 |
| Total assets | $330,046 |
| Accounts payable and accrued expenses | $76,974 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $76,974 |
| Net assets without donor restrictions | $188,072 |
| Net assets with donor restrictions | $65,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $330,046 |