New Covenant Missions Inc

What it reported doing in 2024

VisionFor years, helping countries in need has been driven by a model based on charity aid assistance - giving handouts to the needy. But this kind of aid creates a dependency that cripples people. NEW COVENANT MISSIONS [NCM] brings a new and invigorating model to missions: helping people to become self-sufficientStrategyNCM's strategy is to implement the principles of a "business as missions organization. It focuses on partnering with people in developing nations to instill sustainable business practices while meeting the core needs of individuals and their communities. To enable the people of Ethiopia to be self-sufficient in all areas of their lives, NCF has created seven unique Initiatives: * Church Planting, Health Care, Education and Personal Assistance Initiatives all help foster "Community Development". * The Finance, Innovation, and Marketing initiatives all help promote "Economic DevelopmentMissionThe mission of the New Covenant Missions is to: * Proclaim the gospel of Jesus Christ * Break the bonds of dependency on foreign aid by empowering individuals and communities to be self-sufficient Create a mutual partnership with people that enable long-term sustainability of their economy, their environment, and their community.Primary Focus1) Church Planting: The focus of New Covenant Foundation is to reach people for Jesus Christ. The Church Planting Initiative supports local church planters. Instead of bringing in foreign missionaries, NCM believes that the most effective way to spread Christs love is to enable people in their own country to minister to their own people. 2) Community Health Education: The focus is on the "preventative not curative" process. This is accomplished by providing basic health information and training throughout rural communities in southern Ethiopia. The training covers topics such as water purification, sanitation, agriculture, nutrition, maternal care and childcare, home care, prevention of disease including HIV/AIDS. They have shared this information in nearly 500 communities to over 900,000 people. Preliminary results show and estimated 50% reduction in the infant mortality rate and malnutrition rate.2024 New Covenant Missions Accomplishments640 African families were provided a job to plant churches at a monthly income ranging from $130 300 per month.24 African professionals were provided full time jobs to manage our work.2316 new Churches were formed.54610 people were added to these new churches as members and counseled to live a better life by the African families we support.721908 Africans were invited to be a part of the churches and had the Gospel of Jesus Christ shared with them.Continual support of an orphanage in Tanzania supporting 10 children.Built/started 2 freshwater projects (Zambia, Congo Republic)Construction of a Bible College in Ethiopia.Continued the process of building a school in Uganda to serve 150+ kids.Provided school uniforms and school supplies in Nigeria.Staffing and provision of uniforms and lunches for a public kindergarten school that we built in 2020 to serve 75 children in Ethiopia.Provided food, clothing, medical, and social care for 30 elderly Ethiopian widows and 10 orphans.Provided food relief to 5,800+ people in Ethiopia, Zambia and Niger.Provided language schools for 50+ students in Mauritania.

Financial Efficiency

• Mission deployment rate: 91.7%; rating input score 92
• Program expense ratio: 92%; rating input score 92
• Fundraising efficiency: $18.2 raised per $1 spent on fundraising; rating input score 56; 56th 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: Pass
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 71.4%; rating input score 71; 12th percentile among comparable filings
• Governance controls: 2 of 8 controls in place; rating input score 25
  • 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: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 0.4%; rating input score 35; 35th percentile among comparable filings
• Total-asset coverage ratio: 0.15; rating input score 4; 4th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 76; 76th percentile among comparable filings
• Officer compensation ratio: 4.8%; rating input score 55; 55th percentile among comparable filings

Growth

• Program expense growth: 16% per year; rating input score 100; 80th percentile among comparable filings
• Revenue growth: 15.9% per year; rating input score 100; 83rd percentile among comparable filings
• Asset growth: 16.8% per year; rating input score 100; 78th percentile among comparable filings