Sovereign Grace New Covenant Ministries Dba New Covenant Media - Sound of Grace

Nonprofit profile at a glance

EIN
208365612
IRS 990-EZ coverage
2013–2014
Forms available
Form 990-EZ 2014
Location
Frederick, MD, USA
Phone
3014738781
Rating confidence
Limited
Sector
Religious Media, Communications
Affiliation
Christianity

Reported finances

Revenue
$-23,195
Expenses
$168,642
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • DAVID LEON (Director)
  • BOB VANWINGERDEN (VICE CHAIRMAN)
  • JOHN THORHAUER (Chairman)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To engage in the promulgation of the gospel of jesus christ by producing literature, electronic media, and through speaking engagements for the greater glory and honor of god the holy trinity within the framework of the evangelical faith as stated by the first london confession of faith - 1646 edition.

What it reported doing in 2014

Published and distributed theological books which further the mission of sovereign grace new covenant ministries (sgncm) by propogating the gospel of jesus christ from a decidedly sovereign grace, new covenant theology perspective. These doctrines exalt the sovereignty of god in all areas of life, salvation, justification and sanctification. Also, published and mailed the theological journal "sound of grace" 11 times in the year 2014. This journal contains articles to accomplish the same goal and purpose as stated above. Finally, published and distributed theological lectures, sermons and discussions via audio compact discs and digital video discs.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 8
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -827.1%; rating input score 2; 2nd 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: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 87.6% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: -6,397.7% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $169K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2013 to 2014
  • Contacts: How to reach this organization
  • 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.

  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.