Goodseed USA Inc

What it reported doing in 2018

LIVE TERM SEMINARS: In 2015 and 2016, GoodSeed USA was invited by churches and/or organizations to provide live training on effective ways regular believers can share the gospel in everyday life (TERM Seminars). Seminars were held at churches in Ohio, Pennsylvania, Indiana, Iowa, and Washington, California, Wisconsin, and Idaho, with a combined total of 586 attendees. To date, there have been over $28,000 in sales of GoodSeed books and resources by TERM Seminar alumni from the past two years. This is an indicating that TERM Seminar alumni go on to implement what they learned and use the resources to share the gospel clearly in their own sphere of influence.2017 We are growingexponentially! We have more than 60 translations (fully funded). There are six offices globally, with more opening soon. Over 70 staff are working withGoodSeed including: translators, linguists, bookkeepers, planning and marketing teams, writers, proofreadersand legal experts. More skilled staff are joining us.TRANSLATIONS: In 2016, we partnered with native-language speakers and organizations around the world to complete translating, printing, and distributing the following GoodSeed resources: By This Name in German All that the Prophets have Spoken in Farsi (or Persian). The Lamb in Amharic (spoken in Ethiopia) The Lamb in Czech The Lamb in Faroese (spoken in the Faroe Islands) The Lamb in Russian (updated edition) The Story that Matters in Hungarian By This Name in HebrewEBOOKS: Also in 2016, to expand the reach of the gospel, the decision was made to release all GoodSeed digital resources as a free download in all eBook formats. Since releasing digital resources, we have seen a monthly increase of more than sixty-two times the previous number of downloads.DISTRIBUTION: Through a partnership with a printing ministry in Northern Ireland, in 2016 we were able to print 625,000 for West Africa and South America. The following books were printed in 2016 and are being shipped and distributed in 2017.40,000 Lingala The Story That Matters Books to Democratic Republic of the Congo360,000 French The Story That Matters to West Africa200,000 Chichewa What are Christmas & Easter About? books to Malawi 25,000 Spanish Stranger on the Road to Emmaus were printed and are en-route to Bolivia. These resources are being used by local pastors for village ministry and in conjunction with radio broadcast ministries.STORIES AND TESTIMONIESWe receive a steady stream of stories and testimonies from people whose lives have been transformed by a clear understanding of the Bibles message. Unbelievers are transformed into believerssaved from the eternal consequences of sin. Believers are transformed into effective, lifelong ambassadors of Jesus Christ. Many of these stories have been collected and printed into an annual booklet called Fieldnotesstories of the gospel transforming lives, which we printed and distributed 6000 copies in 2016 to inspire and encourage our partners. These stories and others can be read at goodseed.com/blog.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 80.4%; rating input score 80
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: Scored; rating input score 0
• Major donor itemization: No; rating input score 0
• Related-party transparency: Limited

Accountability

• Independent voting board: 33.3%; rating input score 33; 13th percentile among comparable filings
• Governance controls: 5 of 9 controls in place; rating input score 56
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -263.7%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 19.5%; rating input score 20; 20th percentile among comparable filings

Growth

• Program expense growth: -10.7% per year; rating input score 0; 13th percentile among comparable filings
• Revenue growth: -28.3% per year; rating input score 0; 2nd percentile among comparable filings
• Asset growth: -47.8% per year; rating input score 0; 1st percentile among comparable filings