Friends of Nagoya Theological Seminary
Nonprofit profile at a glance
- EIN
- 200289989
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Cleveland, GA, USA
- Phone
- 6025386756
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
- Affiliation
- Christianity
Reported finances
- Revenue
- $548,219
- Expenses
- $532,638
- Assets
- $1,174,003
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Highest reported compensation
- MARCUS KYLE (EXECUTIVE DI): $58,953 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To make known the gospel of christ among the people of such countries as may be determined by (a) contributing to the deepening of the spiritual life of the churches in those countries (b) training national christians for spiritual leadership through the medium of seminaries, schools, hospitals, etc and (c) engaging in related activities to support these ministries.
What it reported doing in 2024
Support of the ministries associated with christ bible institute (cbi) in nagoya, japan, including christ bible seminary (previously named nagoya theological seminary). The mission of cbi is to engage japanese society with the gospel by word and deed, expand the kingdom of god in japan through church planting, and equip japanese christian leaders for ministry. The organization's support of cbi's mission includes the raising and management of ministry funds, advocacy, and network building. Financial support for the ministries of cbi are distributed by means of donations to other united states based organizations, payments for services rendered by u.s. Businesses, and grants awarded to individuals.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 89% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 80
- Accountability: 79
- Sustainability: 55
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.2%; rating input score 88
- Program expense ratio: 87%; rating input score 87
- Fundraising efficiency: $19.93 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Limited
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Pass
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 2.8%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 2.2; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 11.1%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: -1.8% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 88.2% of revenue deployed · 87% of spending went to programs
- Governance: 10 of 10 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $463K in reported program spending
- Leadership: top reported pay $59K · 11 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 6 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Financial Efficiency: Fundraising efficiency scored 58/100.
- Moderate — Sustainability: Operating margin scored 44/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.